Welcome!

News Feed Item

Excalibur Announces First Set of Cariboo Drill Results

TORONTO, ONTARIO -- (Marketwire) -- 11/29/12 -- Excalibur Resources Ltd. ("Excalibur" or the "Company") (CNSX:XBR)(FRANKFURT:X9CN) 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:

Tim Gallagher, Chairman

A summary of the more significant results is presented below:

---------------------------------------------------------------------------
         Location          Azi-         From       To    Width  Gold Silver
Hole Id  Easting Northing muth  Dip  (metres) (metres) (metres) (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
                                                                    greater
                                                                       than
                                                                      100.0
12Car-05  479332  5473747   50  -90      8.8      9.5      0.7   3.6     (i)
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
---------------------------------------------------------------------------
True widths not yet determined
(i)over-limit analysis to be assayed

Neither the Canadian National Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Excalibur Resources Ltd.
Tim Gallagher
Chairman
416-987-0298
[email protected]
www.excaliburresources.ca

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.