Excalibur Resources Ltd. (“Excalibur” or the “Company”) (CSE:XBR)(OTCQX:EXCFF) (FRANKFURT:X9CN) is pleased provide an update on its royalty investment in Orefinders Resources Inc.(“Orefinders”) which owns 100% of the Mirado Mine Project located in Kirkland Lake. Excalibur provided $500,000 in funding to commence the Mirado Mine Stockpile project consisting of crushing, trucking, milling and refining over the … Continued
The milling of the resource at the Westwood Mill is scheduled to begin the first week of November, and will be processed in a single continuous batch which is expected to take two weeks.
About Phase One of the Mirado Stockpile Project
Phase One is a resource that was blasted and mined from the Mirado open pit mine during its production during in the 1980’s. Orefinders has since completed a resource calculation on the Stockpiles which delineated an inferred resource of 20,742 tonnes at an average grade of 4.41 grams per tonne for a total of 2,939 contained gold ounces as disclosed in the Technical Report filed on Sedar on December 13, 2013. Refer to Orefinders website (www.orefinders.ca) or Sedar (www.Sedar.ca) to obtain a copy of the technical report.
Charles Beaudry, M.Sc., P.Geo., géo., Director of Excalibur, is a “Qualified Person” for the purpose of National Instrument 43-101 and has reviewed, verified and approved the contents of this news release.
Excalibur Resources Ltd. is a precious metals royalty and streaming company engaged in the acquisition and management of precious metal royalties, streams and similar production based interests.
On behalf of the Board of Directors:
Tim Gallagher, Chairman & CEO
Neither the Canadian Securities Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
Chairman & CEO
www.excaliburresources.ca or www.metallaroyalty.com