Posted on behalf of Excellon Resources - Almost everything written about EXN.v and EXNRF right now is about Mallay, the 100%-owned silver-lead-zinc mine in central Peru, and fairly so: CEO Shawn Howarth has called it the near-term operating focus (Aug 31, 2026 NR). But two other assets sit on the balance sheet behind it, and neither needs the mill to move. Kilgore, Idaho 100%-owned caldera-related epithermal gold deposit in Clark County, southeastern Idaho, about 6,788 hectares Indicated 44.6 Mt at 0.58 g/t Au for 825,000 oz gold Inferred 9.4 Mt at 0.45 g/t Au for 136,000 oz gold A 2019 PEA supports an open-pit, heap-leach concept, run on a US$1,300/oz gold price assumption, so the economics are dated against the current gold market A JV partner is under consideration rather than Excellon funding it alone Resources are not reserves, and a PEA is preliminary by definition Silver City, Saxony High-grade epithermal silver district in Germany, with roughly 800 years of mining history and little modern exploration Core Mohorn, Oederan and Frauenstein licences and drilling permits were extended to March 15, 2027 (2024 corporate update) Held through subsidiary Saxony Silver, which closed a C$2.125M private placement on May 13, 2026, taking Excellon to roughly 68.1% A spin-out into a European-focused vehicle remains on the table Why It Matters Mallay is where the capital and the people are going, and the next milestones there, an updated mine plan targeted year-end 2026 and an updated resource year-end 2026 into Q1 2027, are what the market is watching. Kilgore and Silver City are the part nobody is paying much for. A partner on one or a spin-out of the other would each be a way to surface value without touching the Peru ramp, which gives the story two levers running in parallel. The Kilgore project page on the company's website carries the full resource table and the PEA parameters.   submitted by   /u/TSX_God   to   r/CanadaStocks [link]   [comments]