DGAP-News: Excalibur Resources Ltd.: EXCALIBUR ANNOUNCES FIRST SET OF CARIBOO DRILL RESULTS
(firmenpresse) - DGAP-News: Excalibur Resources Ltd. / Key word(s): Drilling Result
Excalibur Resources Ltd.: EXCALIBUR ANNOUNCES FIRST SET OF CARIBOO
DRILL RESULTS
30.11.2012 / 12:20
---------------------------------------------------------------------
Toronto CNSX: XBR
Frankfurt: X9CN
November 30, 2012
EXCALIBUR ANNOUNCES FIRST SET OF CARIBOO DRILL RESULTS
Excalibur Resources Ltd. ('Excalibur' or the 'Company') is pleased to
announce the first set of drill results from its 2012 exploration program
on its Cariboo Property, located in southeastern British Columbia.
The 2012 work program consisted of 1,465 metres of core drilling in 29
holes. To date, assay results for 22 of the holes have been returned.
Significant intercepts include 11.1 grams per tonne gold (gpt Au) and 92
grams per tonne silver (gpt Ag) over a drilled length of 1.3 metres from
hole 12Car-16 and 3.4 gpt Au over a drilled length of 2.3 meters from hole
12Car-05, which includes a sub-interval of over 100 gpt Ag. These holes
were drilled to test a steeply dipping quartz-carbonate vein over a strike
length of 200 metres. The highly foliated, sheared, and pyritic volcanic
wall rock can also carry values of 3 to 5 gpt Au.
Results from the remaining seven holes are expected in mid-December 2012.
The Cariboo property is located seven kilometres south of Nelson, in
southeastern British Columbia. It is located directly east of the Silver
King Property which hosts the past-producing Silver King Mine. The Silver
King Mine was in continuous production from 1889 to 1914, intermittently
until 1958 and produced 4.4 million ounces of silver and 15 million pounds
of copper at an average grade of 694 gpt Ag and 3.36% copper. Gold
production from the region has exceeded 5 million ounces of gold and 30
million ounces of silver. The Kena Property, containing the Gold Mountain
and Kena Gold zones (549,000 ounces of gold measured + indicated and
513,000 ounces of gold inferred - 0.3 gpt cut-off), is located directly to
the east of the Cariboo Property.
The Company's CEO and Chairman, Mr. Tim Gallagher commented,'The purpose of
the program was to better understand the mineralization of the system and
to help determine if an economic deposit has been located. While we are
awaiting further results in order to better assess the Cariboo Property,
the results received to date have been encouraging.'
Perry Grunenberg, P.Geo. is a 'Qualified Person' for the purpose of
National Instrument 43-101, and has reviewed and verified the technical
contents of this news release. Analyses were performed by Acme Analytical
Laboratories Ltd. in Vancouver, British Columbia.
Excalibur Resources Ltd. is a junior exploration mining company focused on
the discovery, development and mining of economically viable precious metal
mineral resources.
On behalf of the Board of Directors: For more information please contact:Neither the Canadian National Stock Exchange nor its Regulation Services
Tel: 416-987-0298
'Tim Gallagher' Email: info(at)excaliburresources.ca
Chairman Website: www.excaliburresources.ca
Provider
accepts responsibility for the adequacy or accuracy of this release.
A summary of the more significant results is presented below:
Locat-True widths not yet determined
Hole Id ion From To Width Gold Silv.
Northi Azimu (metre (metre (metre
Easting ng th Dip s) s) s) (gpt) (gpt)
12Car-01 479241 5473680 50 -45 116.9 118.4 1.5 4.3 98
12Car-02 479375 5473719 50 -45 36.0 37.2 1.2 6.0 67>100.
12Car-05 479332 5473747 50 -90 8.8 9.5 0.7 3.6 0*
12Car-05 479332 5473747 50 -90 9.5 11.2 1.7 3.3 64
12Car-07 479332 5473747 66 -60 7.4 8.8 1.5 8.1 50
12Car-07 479332 5473747 66 -60 9.7 11.9 2.2 8.4 13
12Car-09 479330 5473747 35 -60 6.7 7.5 0.8 3.1 93
12Car-10 479344 5473716 30 -45 22.5 23.3 0.8 6.8 88
12Car-11 479344 5473716 30 -60 23.8 24.8 1.0 3.2 22
12Car-11 479344 5473716 30 -60 24.8 26.1 1.3 8.7 51
12Car-12 479344 5473716 50 -45 25.6 27.1 1.5 3.1 33
12Car-13 479344 5473716 50 -60 26.9 28.1 1.3 3.9 27
12Car-16 479370 5473694 30 -45 20.7 21.6 0.8 4.9 18
12Car-16 479370 5473694 30 -45 22.1 23.4 1.3 11.1 92
12Car-17 479370 5473694 30 -60 23.8 25.1 1.3 7.4 68
12Car-19 479370 5473694 50 -60 23.0 23.9 0.9 7.9 86
12Car-19 479370 5473694 50 -60 23.9 24.9 1.1 5.3 68
12Car-20 479370 5473694 70 -45 21.8 23.1 1.3 6.0 36
12Car-22 479378 5473649 50 -45 43.5 44.9 1.4 7.4 62
*over-limit analysis to be assayed
End of Corporate News
---------------------------------------------------------------------
30.11.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
195349 30.11.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 30.11.2012 - 12:20 Uhr
Sprache: Deutsch
News-ID 208451
Anzahl Zeichen: 8287
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 265 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Excalibur Resources Ltd.: EXCALIBUR ANNOUNCES FIRST SET OF CARIBOO DRILL RESULTS"
steht unter der journalistisch-redaktionellen Verantwortung von
Excalibur Resources Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
