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excalibur resources ltd (XBR) Snapshot

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09/3/13 - C$0.26
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excalibur resources ltd (XBR) Details

Excalibur Resources Ltd., a junior exploration mining company, discovers, develops, and mines precious metal mineral resources in Mexico and Canada. It primarily explores for gold, silver, zinc, copper, and lead deposits. The company has interests in the Sturgeon Lake project covering 108 square kilometers and is located to the east of Sturgeon Lake Mining Camp, northwestern Ontario, Canada; the Cariboo that covers an area of 58 hectares and is located in southeastern British Columbia, Canada; and the Catanava project, which covers an area of 143 hectares and is located in Pinos Gold District in Zacetecas, Mexico. The company was formerly known as DiscFactories Corporation and changed its name to Excalibur Resources Ltd. in February 2007. Excalibur Resources Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada.

Founded in 1983

excalibur resources ltd (XBR) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: C$120.0K
Chief Financial Officer
Total Annual Compensation: C$10.3K
Compensation as of Fiscal Year 2013.

excalibur resources ltd (XBR) Key Developments

Excalibur Resources Ltd. Announces Board Changes

Excalibur Resources Ltd. announced that the appointment of German Castaño, President, Carbocol Inc. and President and Legal Representative Carbocol Peru S.A.C.(Carbocol), to the company's board of directors. Mr. Castano immigrated to Canada in 1999, after which he became President of several Hispanic organizations including serving three years as President of the Toronto Hispanic Chamber of Commerce. The board has accepted the resignation of David Libby who has served as Director since 2009.

Excalibur Announces Board Changes

Excalibur Resources Ltd. announced that the board has accepted the resignation of Dianne Szigety who has served as Director and Corporate Secretary since 1996. The company further announced the election of Oscar Fitch Gomez, to the Board of Directors. Mr. Fitch is the Founder and Marketing Director of Fitch y Asociados.

Excalibur Resources Ltd. Begins Development of New High-Grade Natas Gold Vein At the Catanava Property

Excalibur Resources Ltd. reported sample results from the recently initiated development of the Natas Vein at its 49% Catanava Property (60% pending the closing of October 8, 2013 deal with Minera Apolo), after recent work in the mine confirmed the continuity of high-grade gold-silver mineralization in this area. This vein is exposed at surface less than 100 meters east of the plant and will be connected with the southwest extension of the Camino adit. It was first mapped and sampled in 2012 by the Company with good results. The Natas Vein is part of the Cinco Estrellas vein system which is marked by numerous horsetail structures. Development of this higher grade gold vein is the current focus of the Catanava gravimetric plant as higher grades lead to higher recoveries, pending the installation of a flotation circuit to capture the fine gold and silver. It is important to note that this zone is open laterally and vertically forming high grade ore shoots and that exploration and development in both directions is expected to increase the known mineralized volume. The opening and the preparation of the Natas Vein adit started in September. The development of the Natas Vein is currently on two levels approximately totaling 125 meters. The Upper Level or Bloque Superior is prepared from surface to confirm the high grades, while access from Rampa Camino will connect with Natas Level 01 approximately 35 m below. Subsequently, both mine drifts will connect with raises for ventilation and prove the lateral and vertical continuity of ore shoots. Finally, when the stope is completed, the ore will be mined systematically through traditional Cut & Fill methods and/or a stope ramp. Systematic sampling of development headings have delineated a high grade ore shoot that has been opened laterally over 30 meters in length. In addition, the Camino vein yielded good grades at Drift 12N, however, the development connects with old workings and currently mine engineers are reviewing the safety conditions in order to determine whether to continue with development. Table 1 lists some representative results from the recent sampling program. Although the assay results are somewhat erratic some very high grades were obtained from the core of the sampled veins and this material is being selectively mined as much as is possible. The company expects mill head grades to rise significantly for these veins.


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