# Excalibur Releases Remainder of Drilling Results from Spyglass Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709 Original source: https://money.tmx.com/en/quote/EXCL/news/9000348620941301/excalibur-releases-remainder-of-drilling-results-from-spyglass Publisher: tmx Original announcement: 2026-06-29T11:00:00.000Z 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: Gold - Secondary commodities: Silver - Document categories: Drill results, Other - Extracted: 2026-09-12 03:21:24 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Excalibur Metals Corp. has released the final drill results from its Spyglass Ridge target at the Bellehelen Project in Nevada. The results confirm a mineralized structure extending to at least 300m depth, highlighted by multiple coincident gold and silver intercepts in holes BH26008 and BH26010. Reasoning: The results confirm a mineralized structure at depth with multiple coincident gold-silver intercepts, though grades remain at exploration levels. - Positive factor: continuity of gold-silver mineralization - Positive factor: multiple coincident intercepts - Positive factor: QA/QC disclosed - Negative factor: apparent width only - Negative factor: low grade intercepts Facts used in scoring: 12 ## 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 includes details on MSA Labs, duplicates, blanks, and standards. Evidence · text > Control samples comprising duplicates, blanks, and certified reference materials were systematically inserted **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: True widths are not explicitly stated, only assumed to be 80-90% of reported width. Evidence · text > True-widths are assumed to be 80-90% of the reported width; however, there is not sufficient data ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Drill Results (12) ### BH26008 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-0) Bellehelen · gold #### Identity - Hole ID: BH26008 - Project: Bellehelen - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 0.45 - Grade Unit: g/t - Intercept: 1.52 m - From: 39.62 m - To: 41.15 m - Hole Depth: 403.86 m - Intercept Depth: 39.62 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26008:39.62-41.15 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549622 - Northing: 4211591 - Elevation: 2141.83 m - Azimuth: 149 ° - Dip: -51 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Low grade gold intercept. #### 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 ### BH26008 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-1) Bellehelen · silver #### Identity - Hole ID: BH26008 - Project: Bellehelen - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade Unit: g/t - Intercept: 1.52 m - From: 39.62 m - To: 41.15 m - Hole Depth: 403.86 m - Intercept Depth: 39.62 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26008:39.62-41.15 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549622 - Northing: 4211591 - Elevation: 2141.83 m - Azimuth: 149 ° - Dip: -51 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Silver below detection limit \(BDL\). #### 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 ### BH26008 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-2) Bellehelen · gold #### Identity - Hole ID: BH26008 - Project: Bellehelen - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 0.2 - Grade Unit: g/t - Intercept: 3.05 m - From: 269.75 m - To: 272.8 m - Hole Depth: 403.86 m - Intercept Depth: 269.75 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26008:269.75-272.8 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549622 - Northing: 4211591 - Elevation: 2141.83 m - Azimuth: 149 ° - Dip: -51 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Encouraging intercept confirming mineralized structure. - Positive factor: continuity of elevated values #### 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 ### BH26008 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-3) Bellehelen · silver #### Identity - Hole ID: BH26008 - Project: Bellehelen - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 21.8 - Grade Unit: g/t - Intercept: 3.05 m - From: 269.75 m - To: 272.8 m - Hole Depth: 403.86 m - Intercept Depth: 269.75 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26008:269.75-272.8 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549622 - Northing: 4211591 - Elevation: 2141.83 m - Azimuth: 149 ° - Dip: -51 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Encouraging silver intercept. - Positive factor: continuity of elevated values #### 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 ### BH26008 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-4) Bellehelen · gold #### Identity - Hole ID: BH26008 - Project: Bellehelen - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 0.25 - Grade Unit: g/t - Intercept: 1.52 m - From: 286.51 m - To: 288.04 m - Hole Depth: 403.86 m - Intercept Depth: 286.51 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26008:286.51-288.04 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549622 - Northing: 4211591 - Elevation: 2141.83 m - Azimuth: 149 ° - Dip: -51 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Low grade gold intercept. #### 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 ### BH26008 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-5) Bellehelen · silver #### Identity - Hole ID: BH26008 - Project: Bellehelen - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 29 - Grade Unit: g/t - Intercept: 1.52 m - From: 286.51 m - To: 288.04 m - Hole Depth: 403.86 m - Intercept Depth: 286.51 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26008:286.51-288.04 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549622 - Northing: 4211591 - Elevation: 2141.83 m - Azimuth: 149 ° - Dip: -51 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Low grade silver intercept. #### 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 ### BH26010 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-6) Bellehelen · gold #### Identity - Hole ID: BH26010 - Project: Bellehelen - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 0.48 - Grade Unit: g/t - Intercept: 1.52 m - From: 353.57 m - To: 355.09 m - Hole Depth: 437.388 m - Intercept Depth: 353.57 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26010:353.57-355.09 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549741 - Northing: 4211620 - Elevation: 2155.546 m - Azimuth: 149 ° - Dip: -49 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Encouraging gold intercept. - Positive factor: continuity of elevated values #### 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 ### BH26010 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-7) Bellehelen · silver #### Identity - Hole ID: BH26010 - Project: Bellehelen - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 29.1 - Grade Unit: g/t - Intercept: 1.52 m - From: 353.57 m - To: 355.09 m - Hole Depth: 437.388 m - Intercept Depth: 353.57 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26010:353.57-355.09 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549741 - Northing: 4211620 - Elevation: 2155.546 m - Azimuth: 149 ° - Dip: -49 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Encouraging silver intercept. - Positive factor: continuity of elevated values #### 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 ### BH26010 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-8) Bellehelen · gold #### Identity - Hole ID: BH26010 - Project: Bellehelen - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 0.14 - Grade Unit: g/t - Intercept: 1.52 m - From: 361.19 m - To: 362.71 m - Hole Depth: 437.388 m - Intercept Depth: 361.19 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26010:361.19-362.71 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549741 - Northing: 4211620 - Elevation: 2155.546 m - Azimuth: 149 ° - Dip: -49 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Low grade gold intercept. #### 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 ### BH26010 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-9) Bellehelen · silver #### Identity - Hole ID: BH26010 - Project: Bellehelen - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade Unit: g/t - Intercept: 1.52 m - From: 361.19 m - To: 362.71 m - Hole Depth: 437.388 m - Intercept Depth: 361.19 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26010:361.19-362.71 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549741 - Northing: 4211620 - Elevation: 2155.546 m - Azimuth: 149 ° - Dip: -49 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Silver below detection limit \(BDL\). #### 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 ### BH26010 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-10) Bellehelen · gold #### Identity - Hole ID: BH26010 - Project: Bellehelen - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 0.15 - Grade Unit: g/t - Intercept: 1.52 m - From: 370.33 m - To: 371.86 m - Hole Depth: 437.388 m - Intercept Depth: 370.33 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26010:370.33-371.86 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549741 - Northing: 4211620 - Elevation: 2155.546 m - Azimuth: 149 ° - Dip: -49 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Low grade gold intercept. #### 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 ### BH26010 [Link to this fact](https://atlas-extractions.minestarters.com/news/excalibur-releases-remainder-of-drilling-results-from-spyglass--f2ad69f7-28b8-4990-8ae4-db4c5690f709#fact-drill-facts-11) Bellehelen · silver #### Identity - Hole ID: BH26010 - Project: Bellehelen - Commodity: silver - Region: usa\_nv - Reported Region: usa\_nv - Ticker: EXCL #### Geometry - Grade: 9.5 - Grade Unit: g/t - Intercept: 1.52 m - From: 370.33 m - To: 371.86 m - Hole Depth: 437.388 m - Intercept Depth: 370.33 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BH26010:370.33-371.86 - Mining Method: unknown #### Location - Location: Spyglass Ridge - Easting: 549741 - Northing: 4211620 - Elevation: 2155.546 m - Azimuth: 149 ° - Dip: -49 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: MSA Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: Low grade silver intercept. #### 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.