# Excellon Restarts Mining at Mallay and Highlights Emerging "Footwall Zone" Upside

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122

Original source: https://money.tmx.com/en/quote/EXN/news/6014660705704342/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside

Publisher: tmx

Original announcement: 2026-02-05T12:00:00.000Z

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: Silver

- Secondary commodities: Lead, Zinc

- Document categories: Drill results, Production, Metallurgy

- Extracted: 2026-09-12 04:21:41 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Excellon Resources has announced the restart of mining activities at the Mallay silver-lead-zinc mine in Peru, including underground mining and haulage cycles. The company also highlighted the identification of an emerging 'Footwall Zone' characterized by wider mineralized intervals, which will be a focus of an ongoing 10,000-metre drill program.

Reasoning: The company is restarting mining operations at Mallay and has identified a new potential mineralized zone \(Footwall Zone\), though the highlighted drill results are historical and require validation.

- Positive factor: Mine restart advancing on multiple fronts

- Positive factor: Identification of emerging Footwall Zone with potential for wider mineralized intervals

- Positive factor: Initial metallurgical testwork supports processing via blending

- Positive factor: 10,000-metre infill and extension drill program underway

- Negative factor: Footwall Zone results are historical and unverified by current QP

- Negative factor: True widths for historical intercepts are unknown

Facts used in scoring: 18

## Classification and evidence

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The drill results for the Footwall Zone are historical \(2010-2017\) and are being re-announced without new assays.

Evidence · text

> Drill results referenced in this news release are historical in nature and were completed by Compañía de Minas Buenaventura S.A.A. from 2010 to 2017.

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that true widths are unknown for the historical drill intercepts.

Evidence · text

> True widths are unknown and may vary by hole due to intercept angles created by fanned drill arrays.

**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 company states that a Qualified Person has not completed sufficient work to verify these historical results.

Evidence · text

> A Qualified Person has not completed sufficient work to verify these historical drill results and Excellon is not treating the historical results as current Mineral Resources or Mineral Reserves.

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("flotation"\)

## Extracted facts

Stored fact records: 18. Some facts used in scoring do not have a stored record.

## Drill Results (18)

### MLL17-77

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-0)

Mallay · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MLL17-77
- Project: Mallay
- Commodity: silver
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 118.19
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 11.6 m
- To: 15.9 m
- Intercept Depth: 11.6 m

#### Classification

- Sample Type: drill
- Group ID: MLL17-77:11.6-15.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: High grade silver intercept from historical drilling.

- Positive factor: High grade silver

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 118.19

Context: 4.4

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### MLL17-77

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-1)

Mallay · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MLL17-77
- Project: Mallay
- Commodity: lead
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 3.07
- Grade Unit: %
- Intercept: 4.4 m
- From: 11.6 m
- To: 15.9 m
- Intercept Depth: 11.6 m

#### Classification

- Sample Type: drill
- Group ID: MLL17-77:11.6-15.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Lead grade reported in historical intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 3.07

Context: 4.4

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### MLL17-77

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-2)

Mallay · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MLL17-77
- Project: Mallay
- Commodity: zinc
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 3.67
- Grade Unit: %
- Intercept: 4.4 m
- From: 11.6 m
- To: 15.9 m
- Intercept Depth: 11.6 m

#### Classification

- Sample Type: drill
- Group ID: MLL17-77:11.6-15.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Zinc grade reported in historical intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 3.67

Context: 4.4

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-08-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-3)

Mallay · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-08-05
- Project: Mallay
- Commodity: silver
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 88.32
- Grade Unit: g/t
- Intercept: 9.3 m
- From: 104.7 m
- To: 114 m
- Intercept Depth: 104.7 m

#### Classification

- Sample Type: drill
- Group ID: ISG-08-05:104.7-114

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical silver intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 88.32

Context: 9.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-08-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-4)

Mallay · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-08-05
- Project: Mallay
- Commodity: lead
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 1.45
- Grade Unit: %
- Intercept: 9.3 m
- From: 104.7 m
- To: 114 m
- Intercept Depth: 104.7 m

#### Classification

- Sample Type: drill
- Group ID: ISG-08-05:104.7-114

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical lead intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 1.45

Context: 9.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-08-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-5)

Mallay · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-08-05
- Project: Mallay
- Commodity: zinc
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 2.47
- Grade Unit: %
- Intercept: 9.3 m
- From: 104.7 m
- To: 114 m
- Intercept Depth: 104.7 m

#### Classification

- Sample Type: drill
- Group ID: ISG-08-05:104.7-114

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical zinc intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 2.47

Context: 9.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-10-01

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-6)

Mallay · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-10-01
- Project: Mallay
- Commodity: silver
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 92.35
- Grade Unit: g/t
- Intercept: 8.2 m
- From: 61.7 m
- To: 69.9 m
- Intercept Depth: 61.7 m

#### Classification

- Sample Type: drill
- Group ID: ISG-10-01:61.7-69.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical silver intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 92.35

Context: 8.2

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-10-01

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-7)

Mallay · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-10-01
- Project: Mallay
- Commodity: lead
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 0.97
- Grade Unit: %
- Intercept: 8.2 m
- From: 61.7 m
- To: 69.9 m
- Intercept Depth: 61.7 m

#### Classification

- Sample Type: drill
- Group ID: ISG-10-01:61.7-69.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical lead intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 0.97

Context: 8.2

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-10-01

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-8)

Mallay · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-10-01
- Project: Mallay
- Commodity: zinc
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 1.74
- Grade Unit: %
- Intercept: 8.2 m
- From: 61.7 m
- To: 69.9 m
- Intercept Depth: 61.7 m

#### Classification

- Sample Type: drill
- Group ID: ISG-10-01:61.7-69.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical zinc intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 1.74

Context: 8.2

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-10-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-9)

Mallay · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-10-04
- Project: Mallay
- Commodity: silver
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 41.1
- Grade Unit: g/t
- Intercept: 10.7 m
- From: 65.8 m
- To: 76.5 m
- Intercept Depth: 65.8 m

#### Classification

- Sample Type: drill
- Group ID: ISG-10-04:65.8-76.5

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical silver intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 41.10

Context: 10.7

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-10-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-10)

Mallay · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-10-04
- Project: Mallay
- Commodity: lead
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 0.41
- Grade Unit: %
- Intercept: 10.7 m
- From: 65.8 m
- To: 76.5 m
- Intercept Depth: 65.8 m

#### Classification

- Sample Type: drill
- Group ID: ISG-10-04:65.8-76.5

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical lead intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 0.41

Context: 10.7

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### ISG-10-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-11)

Mallay · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ISG-10-04
- Project: Mallay
- Commodity: zinc
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 1.48
- Grade Unit: %
- Intercept: 10.7 m
- From: 65.8 m
- To: 76.5 m
- Intercept Depth: 65.8 m

#### Classification

- Sample Type: drill
- Group ID: ISG-10-04:65.8-76.5

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical zinc intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 1.48

Context: 10.7

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### PS-13-68

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-12)

Mallay · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PS-13-68
- Project: Mallay
- Commodity: silver
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 86.78
- Grade Unit: g/t
- Intercept: 7.6 m
- From: 0.4 m
- To: 7.9 m
- Intercept Depth: 0.4 m

#### Classification

- Sample Type: drill
- Group ID: PS-13-68:0.4-7.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical silver intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 86.78

Context: 7.6

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### PS-13-68

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-13)

Mallay · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PS-13-68
- Project: Mallay
- Commodity: lead
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 2.26
- Grade Unit: %
- Intercept: 7.6 m
- From: 0.4 m
- To: 7.9 m
- Intercept Depth: 0.4 m

#### Classification

- Sample Type: drill
- Group ID: PS-13-68:0.4-7.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical lead intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 2.26

Context: 7.6

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### PS-13-68

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-14)

Mallay · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PS-13-68
- Project: Mallay
- Commodity: zinc
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 3.02
- Grade Unit: %
- Intercept: 7.6 m
- From: 0.4 m
- To: 7.9 m
- Intercept Depth: 0.4 m

#### Classification

- Sample Type: drill
- Group ID: PS-13-68:0.4-7.9

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical zinc intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 3.02

Context: 7.6

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### MLL17-73

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-15)

Mallay · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MLL17-73
- Project: Mallay
- Commodity: silver
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 52.25
- Grade Unit: g/t
- Intercept: 4.8 m
- From: 9.5 m
- To: 14.3 m
- Intercept Depth: 9.5 m

#### Classification

- Sample Type: drill
- Group ID: MLL17-73:9.5-14.3

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical silver intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 52.25

Context: 4.8

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### MLL17-73

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-16)

Mallay · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MLL17-73
- Project: Mallay
- Commodity: lead
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 1.06
- Grade Unit: %
- Intercept: 4.8 m
- From: 9.5 m
- To: 14.3 m
- Intercept Depth: 9.5 m

#### Classification

- Sample Type: drill
- Group ID: MLL17-73:9.5-14.3

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical lead intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 1.06

Context: 4.8

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

### MLL17-73

[Link to this fact](https://atlas-extractions.minestarters.com/news/excellon-restarts-mining-at-mallay-and-highlights-emerging-footwall-zone-upside--ce03467b-d139-4ad0-ba42-a5c041a4d122#fact-drill-facts-17)

Mallay · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MLL17-73
- Project: Mallay
- Commodity: zinc
- Region: peru
- Reported Region: peru
- Ticker: EXN

#### Geometry

- Grade: 2.02
- Grade Unit: %
- Intercept: 4.8 m
- From: 9.5 m
- To: 14.3 m
- Intercept Depth: 9.5 m

#### Classification

- Sample Type: drill
- Group ID: MLL17-73:9.5-14.3

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2017-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-02-05T00:00:00.000Z

Reasoning: Historical zinc intercept.

- Negative factor: Historical data unverified by current QP

- Negative factor: True width unknown

Evidence · table

> 2.02

Context: 4.8

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**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: "Mine access and readiness advancing \(rehab + services\): Rehabilitation and access work progressed on upper levels, inclu"

## 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.