Excalibur Resources (CNQ:XBR) reports an update on its exploration activities at the Sturgeon Lake property, Ontario. Assays of grab samples have been received that have yielded values up to 0.5 g/tonne gold, 0.34% zinc and 0.1% copper. In addition, Excalibur geologists have found boulders containing stockwork to massive sulphides in a hydrothermal structural breccia. For complete news [...]
Excalibur Resources Ltd. is focused on two properties – the Sturgeon Lake Project, and the Silver King Mine. Their Sturgeon Lake Project is a 91 square kilometer VMS project in Ontario, Canada with minimal historic drilling. Their Silver King property in BC, Canada has a long history of mining back to the 1880’s.
Excalibur Resources Ltd. (CNSX:XBR) (Frankfurt WKN:A0MMDH) reports that it has arranged a non-brokered private placement. In connection with the Private Placement, the Company will pay an arm’s length finder a cash finder’s fee equal to 5% of the proceeds from the Private Placement. In addition, the Finder will receive an option (“Finder’s Option”) exercisable for a period [...]
Excalibur Resources reports the ongoing exploration program at Sturgeon Lake, northwestern Ontario. Excalibur’s Sturgeon Lake property is directly along strike and to the east of 6 VMS deposits that were mined between 1970 and 1991. A total of 19 million tonnes of ore was mined from these 6 VMS deposits with typical grades of 9% zinc, 1.5% copper, [...]
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