Excalibur Metals Corp. has returned results from expanded soil sampling north of the Spyglass Ridge target at its Bellehelen Project in Nye County, Nevada, outlining multiple silver-gold anomalies across a one-kilometre corridor.

The expanded soil program defined the new Zigs target, located about 500 metres east-northeast of Spyglass Ridge, and extended the Broken Cabin target situated roughly 700 metres north of Spyglass Ridge. Zigs returned gold values of up to 449 parts per billion and silver values of up to 2.0 parts per million across an area measuring approximately 300 metres by 300 metres. At Broken Cabin, the expanded grid returned gold values of up to 331 parts per billion and silver values of up to 7.8 parts per million across a broad 300-metre by 600-metre area.

Previous reconnaissance soil sampling at Bellehelen returned gold values up to 87 ppb and silver up to 7.79 ppm over a 400-metre interval. The newly defined anomalies indicate that mineralization within the district-scale, 10-kilometre-long mineralized trend—which historically produced an estimated 311,000 silver-equivalent ounces in the early 1900s—may be controlled by a broader network of parallel or intersecting structures.

“These results significantly expand the area of interest around Spyglass Ridge and demonstrate that multiple silver-gold anomalies extend north of the area tested by our maiden drill program,” commented John Gilbert, CEO of Excalibur. “The identification of Zigs as a new target, together with the stronger, broader Broken Cabin target area, gives us two additional areas to evaluate within approximately one kilometre of Spyglass Ridge. Our next phase of exploration will focus on understanding the structures associated with these anomalies and determining how they fit into the broader Bellehelen system.”

— John Gilbert, CEO

Excalibur holds the option to purchase a 100% interest in the Bellehelen property. The company plans to integrate the soil results with geological, structural and geophysical datasets alongside recent drilling data.

Trading volume on 11 August 2026 was 597% above the 50-day average of 37,665 shares. Excalibur anticipates follow-up drilling at Spyglass Ridge and drilling at the Rangefront Target in late 2026 or early 2027.

Read the full announcement: Excalibur Metals Defines New Silver-Gold Soil Anomalies North of Spyglass Ridge