Excalibur Releases Remainder of Drilling Results from Spyglass

Original announcement by tmx on

Company
Excalibur Metals Corp.
Ticker
EXCL
Exchange
TSX
Region
Nevada
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Drill results
Extracted
2026-08-23 10:34:39 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Excalibur Metals has released the final drill results from its Spyglass Ridge target at the Bellehelen Project, confirming a mineralized structure with gold and silver continuity. While intercepts are relatively low-grade, the presence of multiple coincident intercepts suggests a robust hydrothermal system.

Reasoning: The results confirm a mineralized structure with continuity, though grades remain relatively low for an exploration program.

Positive factors

  • continuity of gold-silver mineralization
  • multiple coincident intercepts
  • QA/QC disclosed

Negative factors

  • apparent width only (true width not disclosed)
  • low grades

Facts used in scoring: 12

Atlas analysis — Excalibur Metals Corp.: Excalibur Releases Remainder of Drilling Results from Spyglass. 0.48 g/t over 1.52 m; 0.45 g/t over 1.52 m; 0.2 g/t over 3.05 m

Extracted facts

Stored fact records: 12. Some facts used in scoring do not have a stored record.

Drill Results (12)

BH26008Bellehelen · goldGrade: 0.45Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26008
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
0.45
Grade Unit
g/t
Intercept
1.52 m
From
39.62 m
To
41.15 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26008:39.62-41.15
Mining Method
unknown

Location

Easting
549622
Northing
4211591
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade intercept.

BH26008Bellehelen · silverGrade: 0Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26008
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
0
Grade Unit
g/t
Intercept
1.52 m
From
39.62 m
To
41.15 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26008:39.62-41.15
Mining Method
unknown

Location

Easting
549622
Northing
4211591
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Below detection limit (BDL).

BH26008Bellehelen · goldGrade: 0.2Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
BH26008
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
0.2
Grade Unit
g/t
Intercept
3.05 m
From
269.75 m
To
272.8 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26008:269.75-272.8
Mining Method
unknown

Location

Easting
549622
Northing
4211591
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade intercept.

BH26008Bellehelen · silverGrade: 21.8Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
BH26008
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
21.8
Grade Unit
g/t
Intercept
3.05 m
From
269.75 m
To
272.8 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26008:269.75-272.8
Mining Method
unknown

Location

Easting
549622
Northing
4211591
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade silver intercept.

BH26008Bellehelen · goldGrade: 0.25Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26008
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
0.25
Grade Unit
g/t
Intercept
1.52 m
From
286.51 m
To
288.04 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26008:286.51-288.04
Mining Method
unknown

Location

Easting
549622
Northing
4211591
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade intercept.

BH26008Bellehelen · silverGrade: 29Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26008
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
29
Grade Unit
g/t
Intercept
1.52 m
From
286.51 m
To
288.04 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26008:286.51-288.04
Mining Method
unknown

Location

Easting
549622
Northing
4211591
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade silver intercept.

BH26010Bellehelen · goldGrade: 0.48Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26010
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
0.48
Grade Unit
g/t
Intercept
1.52 m
From
353.57 m
To
355.09 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26010:353.57-355.09
Mining Method
unknown

Location

Easting
549741
Northing
4211620
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade intercept.

BH26010Bellehelen · silverGrade: 29.1Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26010
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
29.1
Grade Unit
g/t
Intercept
1.52 m
From
353.57 m
To
355.09 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26010:353.57-355.09
Mining Method
unknown

Location

Easting
549741
Northing
4211620
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade silver intercept.

BH26010Bellehelen · goldGrade: 0.14Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26010
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
0.14
Grade Unit
g/t
Intercept
1.52 m
From
361.19 m
To
362.71 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26010:361.19-362.71
Mining Method
unknown

Location

Easting
549741
Northing
4211620
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade intercept.

BH26010Bellehelen · silverGrade: 0Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26010
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
0
Grade Unit
g/t
Intercept
1.52 m
From
361.19 m
To
362.71 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26010:361.19-362.71
Mining Method
unknown

Location

Easting
549741
Northing
4211620
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Below detection limit (BDL).

BH26010Bellehelen · goldGrade: 0.15Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26010
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
0.15
Grade Unit
g/t
Intercept
1.52 m
From
370.33 m
To
371.86 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26010:370.33-371.86
Mining Method
unknown

Location

Easting
549741
Northing
4211620
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade intercept.

BH26010Bellehelen · silverGrade: 9.5Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26010
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
EXCL

Geometry

Grade
9.5
Grade Unit
g/t
Intercept
1.52 m
From
370.33 m
To
371.86 m

Classification

Program
exploration
Sample Type
drill
Group ID
BH26010:370.33-371.86
Mining Method
unknown

Location

Easting
549741
Northing
4211620
CRS
NAD83 UTM 11N
Loc. Confidence
high

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-29T00:00:00.000Z

Reasoning: Low grade silver intercept.

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.