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Excalibur Metals Acquires North Tybo Project, Expanding Walker Lane Footprint
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Excalibur Metals Corp. (TSXV: EXCL) ("Excalibur" or the "Company") is pleased to announce it
About this update from Excalibur Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Excalibur Metals Corp. (TSXV: EXCL) (\"Excalibur\" or the \"Company\") is pleased to announce it has successfully acquired a 100% interest in the North Tybo Project (\"North Tybo\" or the \"Project\") via direct staking of 50 unpatented lode mining claims. Located in the favorable mining jurisdiction of Nye County, Nevada, the Project encompasses epithermal gold-silver mineralization along major regional structures. This geologic setting shares key similarities with AngloGold Ashanti's emerging Arthur Project near Beatty, Nevada, as well as Excalibur's flagship Bellehelen Project located 40 kilometers to the south. Project Highlights: Direct Staking Acquisition: 100% ownership of 50 contiguous claims (approx. 1,000 acres) with no underlying royalties or property payments. Precious Metals Mineralization: Epithermal gold-silver mineralization associated with widespread argillic alteration and silicification. Synergy with Bellehelen: Strategic location nearby Excalibur's flagship Bellehelen Project with an analogous geologic environment. Nearby Mining and Exploration Activity: Sixty kilometers southeast of Kinross' Round Mountain mine, adjacent to land positions held by Newmont at the historical Tybo and Keystone Districts, and 25 kilometers north of AngloGold Ashanti's Midnight Star project, which has seen multiple consecutive years of early-stage exploration drilling focused on an extensive epithermal alteration cell. Management cautions that results from adjacent properties may not necessarily be indicative to the presence of mineralization at North Tybo. \"The acquisition of North Tybo via staking represents a high-value, low-cost entry position expanding into an area our team knows well – in effect, it's our backyard,\" said John Gilbert, CEO of Excalibur. \"The presence of widespread epithermal-style alteration in a caldera setting is a key indicator for us. It suggests that a significant amount of mineralizing fluids were circulated through a major structural zone, and the core of the system appears unidentified. We are eager to apply modern, systematic exploration to North Tybo, as it has the right rocks, and good neighbors that are aware of this.\" \"We are excited to continue consolidating ground in this prospective and relatively underexplored sector of Neva...