# Excalibur Metals Defines New Silver-Gold Soil Anomalies North of Spyglass Ridge Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/excalibur-metals-defines-new-silver-gold-soil-anomalies-north-of-spyglass-ridge--a8ad441a-8f89-4c9b-862b-1ceb3eedb869 Original source: https://money.tmx.com/en/quote/EXCL/news/5121809070616742/excalibur-metals-defines-new-silver-gold-soil-anomalies-north-of-spyglass-ridge Publisher: tmx Original announcement: 2026-08-11T11:00:00.000Z 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, Other - Extracted: 2026-09-12 02:49:13 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Excalibur Metals has identified new silver-gold soil anomalies north of the Spyglass Ridge Target at the Bellehelen Project in Nevada. The results define a broader prospective corridor including the newly identified Zigs Target and an expanded Broken Cabin Target. Reasoning: The expansion of the prospective corridor and the identification of a new target \(Zigs\) with coincident silver-gold anomalies represents significant exploration progress, though soil results are inherently indirect. - Positive factor: Identification of new target \(Zigs\) - Positive factor: Expansion of prospective corridor - Positive factor: Coincident gold and silver anomalies - Positive factor: QA/QC protocols and independent lab \(ALS\) disclosed - Negative factor: Soil sampling is indirect indicator of underlying mineralization Facts used in scoring: 4 ## Classification and evidence **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: Release mentions ALS USA laboratory, standard sample preparation, and a QP review of the QA/QC protocol. Evidence · text > A Quality Assurance/Quality Control protocol was incorporated into the program. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The soil anomalies extend north from the area previously tested by the maiden drill program. Evidence · text > demonstrate that multiple silver-gold anomalies extend north of the area tested by our maiden drill program ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-metals-defines-new-silver-gold-soil-anomalies-north-of-spyglass-ridge--a8ad441a-8f89-4c9b-862b-1ceb3eedb869#fact-drill-facts-0) Bellehelen Silver-Gold Project · gold #### Identity - Project: Bellehelen Silver-Gold Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: EXCL #### Geometry - Grade: 449 - Grade Unit: ppb #### Classification - Sample Type: surface #### Location - Location: Zigs Target - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: Gold values up to 449 ppb in soil at the new Zigs target. - Positive factor: Coincident anomaly - Negative factor: Soil sample dispersion risk Evidence · text > gold values of up to 449 parts per billion \("ppb"\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-metals-defines-new-silver-gold-soil-anomalies-north-of-spyglass-ridge--a8ad441a-8f89-4c9b-862b-1ceb3eedb869#fact-drill-facts-1) Bellehelen Silver-Gold Project · silver #### Identity - Project: Bellehelen Silver-Gold Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: EXCL #### Geometry - Grade: 2 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Zigs Target - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: Silver values up to 2.0 ppm in soil at the new Zigs target. - Positive factor: Coincident anomaly - Negative factor: Soil sample dispersion risk Evidence · text > silver values of up to 2.0 parts per million \("ppm"\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-metals-defines-new-silver-gold-soil-anomalies-north-of-spyglass-ridge--a8ad441a-8f89-4c9b-862b-1ceb3eedb869#fact-drill-facts-2) Bellehelen Silver-Gold Project · gold #### Identity - Project: Bellehelen Silver-Gold Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: EXCL #### Geometry - Grade: 331 - Grade Unit: ppb #### Classification - Sample Type: surface #### Location - Location: Broken Cabin Target - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: Gold values up to 331 ppb in soil at Broken Cabin. - Positive factor: Expanded target area - Negative factor: Soil sample dispersion risk Evidence · text > returned gold values of up to 331 ppb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-metals-defines-new-silver-gold-soil-anomalies-north-of-spyglass-ridge--a8ad441a-8f89-4c9b-862b-1ceb3eedb869#fact-drill-facts-3) Bellehelen Silver-Gold Project · silver #### Identity - Project: Bellehelen Silver-Gold Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: EXCL #### Geometry - Grade: 7.8 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Broken Cabin Target - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-11T00:00:00.000Z Reasoning: Silver values up to 7.8 ppm in soil at Broken Cabin. - Positive factor: Expanded target area - Negative factor: Soil sample dispersion risk Evidence · text > silver values of up to 7.8 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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.