Click here to close now.




















Welcome!

News Feed Item

Excalibur Resources Ltd.: Cariboo Property Update

TORONTO, ONTARIO -- (Marketwire) -- 02/08/13 -- Excalibur Resources Ltd. ("Excalibur" or the "Company") (CNSX:XBR)(FRANKFURT:X9CN) is pleased to provide an update on its 2012 work program at its Cariboo, Princess and Cleopatra properties in south-eastern B.C., approximately 7 kilometres south of Nelson.

From 2008 to 2011, Excalibur conducted mapping and sampling programs in the area, the results of which lead to a 2011 trenching program. The 2012 trenching and drilling program on the Cariboo property was a continuation of exploration work to follow up positive results from the previous work.

In 2012, Excalibur completed two trenches where four chip samples were taken, and 29 BQTW size diamond drill holes totalling 1,469 metres. Most of this work was designed to fully assess the potential of the gold-silver bearing quartz carbonate vein system described as the Cariboo Vein. A very brief prospecting program was conducted on both the Cleopatra and Princess claims. This included the acquisition of five rock samples from the Princess claim and a single sample from the Cleopatra claim. Samples of rocks taken from some of the old workings on the Princess claim returned elevated copper and gold values, with over 1% copper, 40 grams per tonne silver and 0.4 grams per tonne gold from sample PR12-02. The sample taken from the Cleopatra claim (sample CLEO12-01) did not return any significant values.

The Cariboo Vein extends along strike for approximately 120 metres and down-dip for a distance of 80 metres below surface. This target vein was intercepted numerous times during the 2012 drill program. Many of the multiple intercepts from drilling can be composited into wider intercept widths - intercepts of 2 metres to 5.5 metres width. Diamond drill core sampling assay results indicate a strong correlation between elevated silver and elevated gold values. Mineralization also includes lead, zinc and in places copper. Hole 12Car-16 provided the highest gold value with 11.1 grams per tonne (plus 92 grams per tonne silver) over 1.28 metres. The most significant results were press released on November 29th, 2012 and can be found on www.sedar.com or on Excalibur's web site at www.excaliburresources.ca. The vein is open to depth, and could be explored for its south extent.

Excalibur is one of a number of companies in the region that have found gold including the following immediate neighbours of Excalibur:


--  Sultan Minerals Inc. which has a joint venture with Altair Gold Inc.
    which has 1 million+ measured, indicated and inferred gold ounces. 
--  Valterra Resources Corp. which has a number of gold intercepts including
    4 grams per tonne Au + 9 grams per tonne Ag over 24.3 metres. 
--  Emgold Corp which drilled 1495 metres in 2012 with intercepts including
    11.1 grams per ton gold over 1.45 metres.

Along with much exploration activity this past year, the region also experienced merger and acquisition (M&A) activity. A few kilometers to the north of the Cariboo, Anglo Swiss Resources Inc. recently announced the sale of its Kenville Gold Property to a private company. Sultan Minerals Inc. entered a joint venture on a property neighbouring Excalibur's Cariboo Property. We expect more activity in the region, which not only reflects the difficult financing conditions for junior miners, but also the ample opportunities there. Excalibur's management views this region very favorably where over 5 million ounces of gold and 30 million ounces of silver have been mined, which is not only endowed with minerals and has excellent infrastructure, but is also steeped in mining tradition with an experienced workforce.

Tim Gallagher states that "We are pleased with the results of our 2012 work program, verifying what we had expected. We have just received the final Assessment Report from our consulting geologist on this year's activities. There are now a number of options that we can pursue including bulk sampling, additional exploration, property acquisition, or any combination thereof, but most likely we will await further development by our neighbours as Mexico is our primary focus."

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.

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 & CEO

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

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
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Moving an existing on-premise infrastructure into the cloud can be a complex and daunting proposition. It is critical to understand the benefits as well as the challenges associated with either a full or hybrid approach. In his session at 17th Cloud Expo, Richard Weiss, Principal Consultant at Pythian, will present a roadmap that can be leveraged by any organization to plan, analyze, evaluate and execute on a cloud migration solution. He will review the five major cloud transformation phases a...
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...