Excalibur Resources Ltd. (CNSX:XBR) has begun its Fall exploration program on the Cariboo Property, 7 kilometres south of the town of Nelson in southeastern BC.
As quoted in the press release:
Mineralization on the Cariboo Property is comprised of a brecciated quartz vein/silicified band containing variable amounts of pyrite, galena and sphalerite. Good gold and silver values have been returned from limited trench sampling at the Cariboo showing, including 24.86 g/t gold and 53.6 g/t silver over 1.0 metre (BC Ministry of Mines Assessment Report #27240). In 2001, Sultan Minerals diamond drilled one hole at Cariboo and intersected 2.14 metres grading 2.57 g/t Au, 23.9 g/t Ag along with elevated Pb and Zn; plus a second 2.0 metre interval grading 0.24% Cu (BC Ministry of Mines Assessment Report #26875).