# Excalibur Intersects 360 g/t Silver & 2 g/t Gold over 1.52m at Bellehelen; 100m Broad Mineralized Zone Remains Open at Depth Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188 Original source: https://money.tmx.com/en/quote/EXCL/news/8523548519459482/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro Publisher: tmx Original announcement: 2026-06-03T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: High-grade silver and gold intercept \(360 g/t Ag, 2.03 g/t Au\) - Positive factor: Broad mineralized zone \(100.58m\) with elevated grades - Positive factor: Mineralization remains open at depth and along strike - Positive factor: Maiden drill program at Spyglass Ridge target was successful - Positive factor: Vertically extensive mineralized system confirmed - Positive factor: QA/QC procedures disclosed and QP signed off - Negative factor: True width is assumed \(80-90%\) but not accurately evaluated - Negative factor: Some holes returned results below detection limit Facts used in scoring: 16 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Signed** Polarity: positive Story-specific tag Definition: 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 Only** Polarity: negative Definition: 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 Extension** Polarity: positive Definition: 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) ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-0) Bellehelen · silver #### 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 factor: Broad mineralized zone \(100.58m\) - Positive factor: Elevated silver grade \(16.7 g/t\) - Positive factor: Mineralization open at depth - Positive factor: Maiden drill program success - Negative factor: True width not accurately evaluated Evidence · table > 16.7\* Context: 100.58 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-1) Bellehelen · gold #### 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 factor: Broad mineralized zone \(100.58m\) - Positive factor: Elevated gold grade \(0.10 g/t\) - Positive factor: Mineralization open at depth - Positive factor: Maiden drill program success - Negative factor: True width not accurately evaluated Evidence · table > 0.10\* Context: 100.58 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-2) Bellehelen · silver #### 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 factor: Bonanza-grade silver \(360 g/t\) - Positive factor: High-grade gold \(2.03 g/t\) - Positive factor: Maiden drill program success - Negative factor: True width not accurately evaluated Evidence · table > 360.0 Context: 1.52 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-3) Bellehelen · gold #### 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 factor: Bonanza-grade gold \(2.03 g/t\) - Positive factor: High-grade silver \(360 g/t\) - Positive factor: Maiden drill program success - Negative factor: True width not accurately evaluated Evidence · table > 2.03 Context: 1.52 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-4) Bellehelen · silver #### 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 factor: Elevated silver grade \(8.0 g/t\) - Positive factor: Supports presence of mineralized structure extending up-dip - Negative factor: True width not accurately evaluated Evidence · table > 8.0 Context: 3.05 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-5) Bellehelen · gold #### 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 factor: Elevated gold grade \(0.14 g/t\) - Positive factor: Supports presence of mineralized structure extending up-dip - Negative factor: True width not accurately evaluated Evidence · table > 0.14 Context: 3.05 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-6) Bellehelen · silver #### 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 factor: Elevated silver grade \(12.2 g/t\) - Positive factor: Supports presence of mineralized structure extending up-dip - Negative factor: True width not accurately evaluated Evidence · table > 12.2 Context: 1.52 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-7) Bellehelen · gold #### 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 factor: Elevated gold grade \(0.26 g/t\) - Positive factor: Supports presence of mineralized structure extending up-dip - Negative factor: True width not accurately evaluated Evidence · table > 0.26 Context: 1.52 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-8) Bellehelen · silver #### 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 factor: Elevated silver grade \(26.5 g/t\) - Positive factor: Moderate intercept length \(12.19m\) - Negative factor: True width not accurately evaluated Evidence · table > 26.5 Context: 12.19 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26001 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-9) Bellehelen · gold #### 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 factor: Elevated gold grade \(0.15 g/t\) - Positive factor: Moderate intercept length \(12.19m\) - Negative factor: True width not accurately evaluated Evidence · table > 0.15 Context: 12.19 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26004 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-10) Bellehelen · silver #### 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 factor: Silver grade below detection limit - Negative factor: True width not accurately evaluated Evidence · table > BDL Context: 3.05 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26004 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-11) Bellehelen · gold #### 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 factor: Anomalous gold grade \(0.21 g/t\) - Negative factor: True width not accurately evaluated Evidence · table > 0.21 Context: 3.05 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26004 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-12) Bellehelen · silver #### 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 factor: Silver grade below detection limit - Negative factor: True width not accurately evaluated Evidence · table > BDL Context: 1.52 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26004 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-13) Bellehelen · gold #### 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 factor: Elevated gold grade \(0.73 g/t\) - Negative factor: True width not accurately evaluated Evidence · table > 0.73 Context: 1.52 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26004 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-14) Bellehelen · silver #### 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 factor: Elevated silver grade \(4.6 g/t\) - Negative factor: True width not accurately evaluated Evidence · table > 4.6 Context: 1.52 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BH26004 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-intersects-360-g-t-silver-2-g-t-gold-over-1-52m-at-bellehelen-100m-bro--8f66f568-4b14-4e58-b6a1-7656e01ad188#fact-drill-facts-15) Bellehelen · gold #### 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 factor: Elevated gold grade \(0.22 g/t\) - Negative factor: True width not accurately evaluated Evidence · table > 0.22 Context: 1.52 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: 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.