# Excellon Defines Targets at Tres Cerros; Grab Sampling Returns up to 14 g/t Gold and 9,050 g/t Silver Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48 Original source: https://money.tmx.com/en/quote/EXN/news/6315490967465419/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold- Publisher: tmx Original announcement: 2026-08-31T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Excellon Resources Inc. - Ticker: EXN - Exchange: TSX - Region: Peru - Primary commodity: Gold - Secondary commodities: Silver, Copper, Lead, Zinc - Document categories: Drill results, Other - Extracted: 2026-09-12 01:22:15 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Excellon Resources has defined seven exploration targets at its Tres Cerros property in Peru using district-scale mapping and grab sampling. Surface geochemistry returned high-grade intercepts including up to 14 g/t gold and 9,050 g/t silver, with an initial drill program planned for the first half of 2027. Reasoning: The release defines seven new exploration targets at Tres Cerros with high-grade surface grab samples \(up to 14 g/t Au and 9,050 g/t Ag\), though the lack of drill intercepts and independent QA/QC limits confidence. - Positive factor: high-grade surface grab samples - Positive factor: seven distinct targets defined - Positive factor: proximity to existing infrastructure - Positive factor: advancing permitting - Negative factor: results are from grab samples and not representative of width - Negative factor: no QA/QC verification by independent check assaying - Negative factor: early-stage exploration results Facts used in scoring: 19 ## Classification and evidence **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The release states that in the absence of an independent quality control program, results have not been verified by independent check assaying. Evidence · text > the analytical results reported in this news release have not been verified by independent check assaying **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is described as being adjacent to the operating Mallay Mine, benefiting from shared infrastructure. Evidence · text > adjacent to its operating Mallay Mine in Peru ## Extracted facts Stored fact records: 19. Some facts used in scoring do not have a stored record. ## Drill Results (19) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-0) Tres Cerros · gold #### Identity - Project: Tres Cerros - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 14 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Xica - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 14 g/t Au is a strong surface anomaly for an epithermal target. - Positive factor: high grade for surface grab - Negative factor: grab sample not representative of width Evidence · text > up to 14 g/t gold and 9,050 g/t silver at Xica #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-1) Tres Cerros · silver #### Identity - Project: Tres Cerros - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 9050 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Xica - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 9,050 g/t Ag is an exceptional surface anomaly. - Positive factor: exceptional silver grade - Negative factor: grab sample not representative of width Evidence · text > up to 14 g/t gold and 9,050 g/t silver at Xica #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-2) Tres Cerros · gold #### Identity - Project: Tres Cerros - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 4.3 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Alpaquitay - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 4.3 g/t Au is a strong surface anomaly. - Positive factor: solid gold anomaly - Negative factor: grab sample not representative of width Evidence · text > 4.30 g/t gold at Alpaquitay #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-3) Tres Cerros · silver #### Identity - Project: Tres Cerros - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 512 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Xica East - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 512 g/t Ag is a strong surface anomaly. - Positive factor: strong silver anomaly - Negative factor: grab sample not representative of width Evidence · text > 512 g/t silver at Xica East #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-4) Tres Cerros · gold #### Identity - Project: Tres Cerros - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 0.6 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Vicuña - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 0.6 g/t Au is a modest surface anomaly. - Positive factor: identifies target - Negative factor: low grade Evidence · text > up to 0.60 g/t gold, 135 g/t Ag and 3,683 ppm Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-5) Tres Cerros · silver #### Identity - Project: Tres Cerros - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 135 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Vicuña - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 135 g/t Ag is a modest surface anomaly. - Positive factor: identifies target - Negative factor: low grade Evidence · text > up to 0.60 g/t gold, 135 g/t Ag and 3,683 ppm Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-6) Tres Cerros · copper #### Identity - Project: Tres Cerros - Commodity: copper - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 3683 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Vicuña - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 3,683 ppm Cu is a modest surface anomaly. - Positive factor: identifies target - Negative factor: low grade Evidence · text > up to 0.60 g/t gold, 135 g/t Ag and 3,683 ppm Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-7) Tres Cerros · gold #### Identity - Project: Tres Cerros - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 2.75 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Xica East - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 2.75 g/t Au is a strong surface anomaly. - Positive factor: strong anomaly - Negative factor: grab sample not representative of width Evidence · text > up to 2.75 g/t Au and 512 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-8) Tres Cerros · silver #### Identity - Project: Tres Cerros - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 512 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Xica East - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 512 g/t Ag is a strong surface anomaly. - Positive factor: strong anomaly - Negative factor: grab sample not representative of width Evidence · text > up to 2.75 g/t Au and 512 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-9) Tres Cerros · gold #### Identity - Project: Tres Cerros - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 0.94 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Xica East \(southern breccia\) - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 0.94 g/t Au is a modest surface anomaly. - Positive factor: identifies target - Negative factor: low grade Evidence · text > up to 0.94 g/t Au and 247 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 11 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-10) Tres Cerros · silver #### Identity - Project: Tres Cerros - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 247 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Xica East \(southern breccia\) - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 247 g/t Ag is a modest surface anomaly. - Positive factor: identifies target - Negative factor: low grade Evidence · text > up to 0.94 g/t Au and 247 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 12 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-11) Tres Cerros · gold #### Identity - Project: Tres Cerros - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 0.13 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Tete - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 0.13 g/t Au is a low-grade surface anomaly. - Positive factor: identifies target - Negative factor: low grade Evidence · text > up to 0.13 g/t Au and 43 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 13 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-12) Tres Cerros · silver #### Identity - Project: Tres Cerros - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 43 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Tete - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 43 g/t Ag is a low-grade surface anomaly. - Positive factor: identifies target - Negative factor: low grade Evidence · text > up to 0.13 g/t Au and 43 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 14 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-13) Tres Cerros · gold #### Identity - Project: Tres Cerros - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 4.3 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Alpaquitay - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 4.3 g/t Au is a strong surface anomaly. - Positive factor: strong anomaly - Negative factor: grab sample not representative of width Evidence · text > up to 4.30 g/t Au and 156 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 15 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-14) Tres Cerros · silver #### Identity - Project: Tres Cerros - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 156 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Alpaquitay - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 156 g/t Ag is a strong surface anomaly. - Positive factor: strong anomaly - Negative factor: grab sample not representative of width Evidence · text > up to 4.30 g/t Au and 156 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 16 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-15) Tres Cerros · lead #### Identity - Project: Tres Cerros - Commodity: lead - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 1647 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Alpaquitay West - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 1,647 ppm Pb is a surface anomaly. - Positive factor: identifies target - Negative factor: grab sample not representative of width Evidence · text > up to 1,647 ppm Pb and 3,455 ppm Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 17 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-16) Tres Cerros · zinc #### Identity - Project: Tres Cerros - Commodity: zinc - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 3455 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Alpaquitay West - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 3,455 ppm Zn is a surface anomaly. - Positive factor: identifies target - Negative factor: grab sample not representative of width Evidence · text > up to 1,647 ppm Pb and 3,455 ppm Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 18 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-17) Tres Cerros · zinc #### Identity - Project: Tres Cerros - Commodity: zinc - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 7000 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diatrema Norte - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 7,000 ppm Zn is a surface anomaly. - Positive factor: identifies target - Negative factor: grab sample not representative of width Evidence · text > up to 7,000 ppm Zn and 173 ppm Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ### Fact 19 [Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--d16b7c32-079e-4759-b22a-5540432b0a48#fact-drill-facts-18) Tres Cerros · lead #### Identity - Project: Tres Cerros - Commodity: lead - Region: peru - Reported Region: Peru - Ticker: EXN #### Geometry - Grade: 173 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diatrema Norte - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 173 ppm Pb is a surface anomaly. - Positive factor: identifies target - Negative factor: grab sample not representative of width Evidence · text > up to 7,000 ppm Zn and 173 ppm Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: EXN\) \(OTC Pink: EXNRF\) \(FSE: E4X2\) \(" Excellon " or the " Company "\) is pleased to provide an update on its ongoi" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.