Excalibur Intersects 360 g/t Silver & 2 g/t Gold over 1.52m at Bellehelen; 100m Broad Mineralized Zone Remains Open at Depth

Original announcement by tmx on

Company
Excalibur Metals Corp.
Ticker
EXCL
Exchange
TSX
Region
Nevada
Primary commodity
Silver
Secondary commodities
Gold
Document categories
Drill results
Extracted
2026-09-12 04:05:06 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Excalibur Metals Corp. announced highly positive partial drill results from its maiden drill program at the Bellehelen Silver-Gold Project in Nevada, with hole BH26001 intersecting 360 g/t silver and 2.03 g/t gold over 1.52m. This high-grade intercept is contained within a broader 100.58m mineralized zone that remains open at depth, confirming a robust and vertically extensive epithermal system. The company plans follow-up drilling to further evaluate the potential of the Spyglass Ridge target.

Reasoning: The maiden drill program at the Spyglass Ridge target delivered highly positive results, including a bonanza-grade silver and gold intercept within a broad mineralized zone that remains open at depth, confirming a robust and vertically extensive epithermal system. While true widths are not yet accurately determined, the overall success of this first-pass drilling is very material and novel.

Positive factors

  • High-grade silver and gold intercept (360 g/t Ag, 2.03 g/t Au)
  • Broad mineralized zone (100.58m) with elevated grades
  • Mineralization remains open at depth and along strike
  • Maiden drill program at Spyglass Ridge target was successful
  • Vertically extensive mineralized system confirmed
  • QA/QC procedures disclosed and QP signed off

Negative factors

  • True width is assumed (80-90%) but not accurately evaluated
  • Some holes returned results below detection limit

Facts used in scoring: 16

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 360 g/t silver and 2.03 g/t gold over 1.52m is exceptionally high-grade for both commodities, well above typical epithermal deposit norms.

Evidence · text

“360.0 grams per tonne ("g/t") silver ("Ag") and 2.03 g/t gold ("Au") over 1.52m”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release explicitly states that control samples (duplicates, blanks, certified reference materials) were systematically inserted and analyzed, and a QP verified the data.

Evidence · text

“Control samples comprising duplicates, blanks, and certified reference materials were systematically inserted and analyzed pursuant to the Company's QA/QC protocol.”

QP/CP Signedpositive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Matthew Dumala, P.Eng., an independent consultant, is named as a Qualified Person (QP) and has reviewed and approved the technical information.

Evidence · text

“Matthew Dumala, P.Eng., an independent consultant of the Company, is a Qualified Person ("QP") as defined by National Instrument 43-101. Mr. Dumala has reviewed and approved the technical information disclosed in this news release.”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document states that true widths are assumed to be 80-90% of the reported width, but there is not sufficient data to accurately evaluate them.

Evidence · text

“True-widths are assumed to be 80-90% of the reported width; however, there is not sufficient data at this time to accurately evaluate the true-width of these reported intercepts.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The drilling is described as 'first-pass' at a new target, with plans for 'future step-out drilling along strike and at depth' to evaluate extensions of mineralization.

Evidence · text

“For a first-pass with the drill rig at Spyglass, hitting high-grade silver and gold mineralization is very promising. We are just as excited by the wide halo of elevated gold and silver values - unquestionably a successful proof-of-concept.”

Extracted facts

Stored fact records: 16. Some facts used in scoring do not have a stored record.

Drill Results (16)

BH26001Bellehelen · silverGrade: 16.7Grade Unit: g/tIntercept: 100.58 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
16.7
Grade Unit
g/t
Intercept
100.58 m
From
248.41 m
To
348 m
Hole Depth
349 m
Intercept Depth
248.41 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:248.41-348
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: A broad intercept of 100.58m at 16.7 g/t silver from a maiden drill program is a strong indicator of a significant mineralized system, especially as it remains open at depth.

Positive factors

  • Broad mineralized zone (100.58m)
  • Elevated silver grade (16.7 g/t)
  • Mineralization open at depth
  • Maiden drill program success

Negative factors

  • True width not accurately evaluated

Evidence · table

“16.7*”

Context: 100.58

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · goldGrade: 0.1Grade Unit: g/tIntercept: 100.58 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
100.58 m
From
248.41 m
To
348 m
Hole Depth
349 m
Intercept Depth
248.41 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:248.41-348
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: A broad intercept of 100.58m at 0.10 g/t gold from a maiden drill program indicates a significant gold presence within the system, complementing the silver mineralization.

Positive factors

  • Broad mineralized zone (100.58m)
  • Elevated gold grade (0.10 g/t)
  • Mineralization open at depth
  • Maiden drill program success

Negative factors

  • True width not accurately evaluated

Evidence · table

“0.10*”

Context: 100.58

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · silverGrade: 360Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
360
Grade Unit
g/t
Intercept
1.52 m
From
249.94 m
To
251.46 m
Hole Depth
349 m
Intercept Depth
248.41 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:249.94-251.46
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: A bonanza-grade intercept of 360 g/t silver and 2.03 g/t gold over 1.52m is an exceptional result for a maiden drill program, indicating a high-grade core within the broader mineralized zone.

Positive factors

  • Bonanza-grade silver (360 g/t)
  • High-grade gold (2.03 g/t)
  • Maiden drill program success

Negative factors

  • True width not accurately evaluated

Evidence · table

“360.0”

Context: 1.52

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · goldGrade: 2.03Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
2.03
Grade Unit
g/t
Intercept
1.52 m
From
249.94 m
To
251.46 m
Hole Depth
349 m
Intercept Depth
248.41 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:249.94-251.46
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: A bonanza-grade intercept of 2.03 g/t gold and 360 g/t silver over 1.52m is an exceptional result for a maiden drill program, indicating a high-grade core within the broader mineralized zone.

Positive factors

  • Bonanza-grade gold (2.03 g/t)
  • High-grade silver (360 g/t)
  • Maiden drill program success

Negative factors

  • True width not accurately evaluated

Evidence · table

“2.03”

Context: 1.52

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · silverGrade: 8Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
8
Grade Unit
g/t
Intercept
3.05 m
From
205.74 m
To
208.79 m
Hole Depth
349 m
Intercept Depth
205.74 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:205.74-208.79
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: This intercept of 8.0 g/t silver, while not high-grade, supports the presence of a vertically extensive mineralized system.

Positive factors

  • Elevated silver grade (8.0 g/t)
  • Supports presence of mineralized structure extending up-dip

Negative factors

  • True width not accurately evaluated

Evidence · table

“8.0”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · goldGrade: 0.14Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0.14
Grade Unit
g/t
Intercept
3.05 m
From
205.74 m
To
208.79 m
Hole Depth
349 m
Intercept Depth
205.74 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:205.74-208.79
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: This intercept of 0.14 g/t gold, while not high-grade, supports the presence of a vertically extensive mineralized system.

Positive factors

  • Elevated gold grade (0.14 g/t)
  • Supports presence of mineralized structure extending up-dip

Negative factors

  • True width not accurately evaluated

Evidence · table

“0.14”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · silverGrade: 12.2Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
12.2
Grade Unit
g/t
Intercept
1.52 m
From
230.12 m
To
231.65 m
Hole Depth
349 m
Intercept Depth
205.74 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:230.12-231.65
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: This intercept of 12.2 g/t silver, while not high-grade, supports the presence of a vertically extensive mineralized system.

Positive factors

  • Elevated silver grade (12.2 g/t)
  • Supports presence of mineralized structure extending up-dip

Negative factors

  • True width not accurately evaluated

Evidence · table

“12.2”

Context: 1.52

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · goldGrade: 0.26Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0.26
Grade Unit
g/t
Intercept
1.52 m
From
230.12 m
To
231.65 m
Hole Depth
349 m
Intercept Depth
205.74 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:230.12-231.65
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: This intercept of 0.26 g/t gold, while not high-grade, supports the presence of a vertically extensive mineralized system.

Positive factors

  • Elevated gold grade (0.26 g/t)
  • Supports presence of mineralized structure extending up-dip

Negative factors

  • True width not accurately evaluated

Evidence · table

“0.26”

Context: 1.52

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · silverGrade: 26.5Grade Unit: g/tIntercept: 12.19 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
26.5
Grade Unit
g/t
Intercept
12.19 m
From
283.46 m
To
295.66 m
Hole Depth
349 m
Intercept Depth
205.74 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:283.46-295.66
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: A moderate intercept of 12.19m at 26.5 g/t silver contributes positively to the overall understanding of the mineralized system.

Positive factors

  • Elevated silver grade (26.5 g/t)
  • Moderate intercept length (12.19m)

Negative factors

  • True width not accurately evaluated

Evidence · table

“26.5”

Context: 12.19

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26001Bellehelen · goldGrade: 0.15Grade Unit: g/tIntercept: 12.19 mView all details
Link to this fact

Identity

Hole ID
BH26001
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0.15
Grade Unit
g/t
Intercept
12.19 m
From
283.46 m
To
295.66 m
Hole Depth
349 m
Intercept Depth
205.74 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26001:283.46-295.66
Mining Method
unknown

Location

Easting
549741
Northing
4211617
CRS
NAD83 UTM 11N
Elevation
2148.23 m
Azimuth
159 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: A moderate intercept of 12.19m at 0.15 g/t gold contributes positively to the overall understanding of the mineralized system.

Positive factors

  • Elevated gold grade (0.15 g/t)
  • Moderate intercept length (12.19m)

Negative factors

  • True width not accurately evaluated

Evidence · table

“0.15”

Context: 12.19

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26004Bellehelen · silverGrade: 0Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
BH26004
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0
Grade Unit
g/t
Intercept
3.05 m
From
57.91 m
To
60.96 m
Hole Depth
115.82 m
Intercept Depth
57.91 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26004:57.91-60.96
Mining Method
unknown

Location

Easting
549498
Northing
4211582
CRS
NAD83 UTM 11N
Elevation
2125.066 m
Azimuth
63 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: This intercept shows no significant silver mineralization, indicating variability within the target area.

Negative factors

  • Silver grade below detection limit
  • True width not accurately evaluated

Evidence · table

“BDL”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26004Bellehelen · goldGrade: 0.21Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
BH26004
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0.21
Grade Unit
g/t
Intercept
3.05 m
From
57.91 m
To
60.96 m
Hole Depth
115.82 m
Intercept Depth
57.91 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26004:57.91-60.96
Mining Method
unknown

Location

Easting
549498
Northing
4211582
CRS
NAD83 UTM 11N
Elevation
2125.066 m
Azimuth
63 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: Anomalous gold mineralization at 0.21 g/t over 3.05m indicates the presence of the mineralizing system, though not high-grade.

Positive factors

  • Anomalous gold grade (0.21 g/t)

Negative factors

  • True width not accurately evaluated

Evidence · table

“0.21”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26004Bellehelen · silverGrade: 0Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26004
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0
Grade Unit
g/t
Intercept
1.52 m
From
105.16 m
To
106.68 m
Hole Depth
115.82 m
Intercept Depth
57.91 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26004:105.16-106.68
Mining Method
unknown

Location

Easting
549498
Northing
4211582
CRS
NAD83 UTM 11N
Elevation
2125.066 m
Azimuth
63 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: This intercept shows no significant silver mineralization, indicating variability within the target area.

Negative factors

  • Silver grade below detection limit
  • True width not accurately evaluated

Evidence · table

“BDL”

Context: 1.52

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26004Bellehelen · goldGrade: 0.73Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26004
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0.73
Grade Unit
g/t
Intercept
1.52 m
From
105.16 m
To
106.68 m
Hole Depth
115.82 m
Intercept Depth
57.91 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26004:105.16-106.68
Mining Method
unknown

Location

Easting
549498
Northing
4211582
CRS
NAD83 UTM 11N
Elevation
2125.066 m
Azimuth
63 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: Anomalous gold mineralization at 0.73 g/t over 1.52m indicates the presence of the mineralizing system, approaching economic grades for some epithermal deposits.

Positive factors

  • Elevated gold grade (0.73 g/t)

Negative factors

  • True width not accurately evaluated

Evidence · table

“0.73”

Context: 1.52

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26004Bellehelen · silverGrade: 4.6Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26004
Project
Bellehelen
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
4.6
Grade Unit
g/t
Intercept
1.52 m
From
106.68 m
To
108.2 m
Hole Depth
115.82 m
Intercept Depth
57.91 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26004:106.68-108.2
Mining Method
unknown

Location

Easting
549498
Northing
4211582
CRS
NAD83 UTM 11N
Elevation
2125.066 m
Azimuth
63 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: Anomalous silver mineralization at 4.6 g/t over 1.52m indicates the presence of the mineralizing system.

Positive factors

  • Elevated silver grade (4.6 g/t)

Negative factors

  • True width not accurately evaluated

Evidence · table

“4.6”

Context: 1.52

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

BH26004Bellehelen · goldGrade: 0.22Grade Unit: g/tIntercept: 1.52 mView all details
Link to this fact

Identity

Hole ID
BH26004
Project
Bellehelen
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EXCL

Geometry

Grade
0.22
Grade Unit
g/t
Intercept
1.52 m
From
106.68 m
To
108.2 m
Hole Depth
115.82 m
Intercept Depth
57.91 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
BH26004:106.68-108.2
Mining Method
unknown

Location

Easting
549498
Northing
4211582
CRS
NAD83 UTM 11N
Elevation
2125.066 m
Azimuth
63 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSA Labs
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-06-03T00:00:00.000Z

Reasoning: Anomalous gold mineralization at 0.22 g/t over 1.52m indicates the presence of the mineralizing system.

Positive factors

  • Elevated gold grade (0.22 g/t)

Negative factors

  • True width not accurately evaluated

Evidence · table

“0.22”

Context: 1.52

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.