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Excalibur Metals Corp. ( (TSE:EXCL) ) has provided an update.
Excalibur Metals has finalized drill targets and is preparing a 3,000-metre reverse-circulation drill program in eight holes at the Spyglass Ridge target within its Bellehelen Silver-Gold Project in Nevada, following detailed mapping, sampling, geophysics and spectral analysis. The program, scheduled to start in mid-March 2026, marks the first test of multiple targets along the district-scale trend and is aimed at demonstrating the potential for a sizeable precious metals deposit.
The company has strengthened its technical leadership by appointing economic geologist Elijah Turner as Vice President of Exploration, bringing extensive Nevada-focused experience and a track record in generating and advancing precious metals projects. Founder Mark Morabito is stepping down as Executive Chairman and director to move into an advisory board role, signaling a governance transition as Excalibur advances Bellehelen from historical high-grade showings toward modern resource delineation.
More about Excalibur Metals Corp.
Excalibur Metals Corp. is a Vancouver-based mineral exploration company focused on precious metals, particularly silver and gold, with a key asset in the Bellehelen Silver-Gold Project in Nevada’s Walker Lane Trend. The Bellehelen property covers a 10-kilometre mineralized trend with historic silver-equivalent production and high-grade gold and silver assays, positioning the company within a highly prospective U.S. exploration district.
Average Trading Volume: 36,151
Technical Sentiment Signal: Buy
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