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Excalibur Metals Delineates Drill Targets and Strengthens Management Team
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Excalibur Metals Corp. (TSXV:...
About this update from Excalibur Metals Corp.
[{"type":"text","content":"Excalibur Metals Delineates Drill Targets and Strengthens Management TeamVancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Excalibur Metals Corp. (TSXV: EXCL) (\"Excalibur\" or the \"Company\") is pleased to announce that, following the recent completion of detailed mapping and sampling coupled with a CSAMT geophysical survey and ground and airborne spectral data, the Company has finalized drill hole locations at the Bellehelen Silver-Gold Project (\"Bellehelen\" or the \"Project\") located in the Walker Lane Trend of Nevada. The drill program will consist of roughly 3,000 meters (\"m\") of reverse-circulation (\"RC\") drilling in 8 holes at the Spyglass Ridge target (see Figures 1 & 2 below). Drilling is expected to commence in mid-March 2026.\"The completion of follow-up mapping, CSAMT geophysics, and alteration mineralogy analysis has affirmed our priority drill target at Spyglass Ridge. We see Spyglass as the first step at Bellehelen in demonstrating the district-scale potential of the Project,\" says John Gilbert, CEO of Excalibur Metals. \"With the planned 3,000m drill program, Spyglass is merely the first of many targets with the potential to define a precious metals deposit of considerable scale.\" Figure 1: Proposed Drill Hole Locations at Bellehelen Project targeting the mineralized, steeply-dipping east-west structure at Spyglass ridge. Orientations are approximate and subject to change. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/11871/285376_aaa821ab0479681a_001full.jpgFigure 2: Spyglass Ridge target area of the Bellehelen Project.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/11871/285376_aaa821ab0479681a_002full.jpgTechnical InformationThe CSAMT (Controlled Source Audio-frequency Magnetotellurics) geophysical survey was completed by Zonge International Inc. The survey used a controlled electromagnetic source to detect resistivity contrasts related to alteration, structures, and potential mineralization. CSAMT measurements were acquired on seven SSE-NNW trending lines with 100m line spacing, for a total of 11.2 line-kilometers of data coverage. Technical information in this news release has been reviewed and approved by Matthew Dumala, P.Eng., an independent consultant and a 'qualified per...