New High-Priority Gold-Silver Bulk Tonnage Target

VANCOUVER – Excalibur Metals Corp. reported a recently completed a paired remote-sensing and ground-based spectral survey focused on gold and silver pathfinder mineral alteration which returned promising indicators for a broader mineralized system on-trend and under cover at the Bellehelen Project, Nye County, Nevada. This in turn motivated staking of an additional 102 unpatented mineral claims that primarily extend the Company’s mineral tenure to the northwest along the Bellehelen fault, which hosts a largely unexplored, low-sulfidation gold and silver district.
“Using modern tools, Bellehelen continues to check off the boxes for Tier 1 potential,” says John Gilbert, CEO. “The most recent data indicates a broad wide alteration zone over 1.5 km wide to the northwest – and our groundwork corroborates what appears to be a large, high-level argillic alteration zone at the intersection of major structures. These geologic features can indicate the potential for disseminated bulk-tonnage gold and silver mineralization at depth. Given there are high-grade, historic shallow mines in the vicinity, we see this as a priority follow-up target as it appears similar to the mineralization Kinross mines nearby at Round Mountain.”