Excalibur Metals Corp. has commenced field exploration at the Bellehelen project in Nye County, Nevada, following up on earlier drilling completed earlier this year.

The current work program focuses on advancing priority targets across the multi-kilometre mineralized corridor. Field activities include a ground gravity survey at the Rangefront target, located about eight kilometres northwest of Spyglass Ridge, designed to define concealed geology and structures beneath shallow cover. Additionally, crews are conducting geological and structural mapping alongside systematic rock-chip sampling across the corridor between Rangefront and Spyglass Ridge to identify prospective structures and alteration zones.

Excalibur holds an option to purchase a 100% interest in the project. The property encompasses a district-scale, 10-kilometre-long mineralized trend that historically produced an estimated 311,000 silver-equivalent ounces in the early 1900s. Earlier in 2026, the company completed a maiden reverse-circulation drill program totaling 3,122 metres across ten holes at the Spyglass Ridge target. Results from the ongoing fieldwork will be integrated with existing geological, geochemical, geophysical, and drilling datasets to refine targets ahead of future drilling.

“This program represents an important step at Bellehelen, which remains a largely untested, district-scale mineralized system,” commented John Gilbert, CEO of Excalibur. “We're building on our success at Spyglass while continuing to evaluate the broader potential of the Project. There are very few large precious-metal systems in Nevada that have seen such limited modern exploration, particularly those controlled by a junior exploration company. We believe the scale and upside potential at Bellehelen are considerable.”

“The gravity survey will add another layer of information to our understanding of the concealed target at Rangefront, while extensive mapping and sampling between Rangefront and Spyglass Ridge will allow us to systematically evaluate a multi-kilometre area that has seen very limited previous exploration. Each phase of fieldwork continues to generate new priority targets and reinforce our view of Bellehelen's potential.”

— John Gilbert, CEO

The company anticipates conducting future drilling at the Rangefront target and follow-up drilling at Spyglass Ridge at Bellehelen in late 2026 or early 2027.

Read the full announcement: Excalibur Metals Commences Property-Wide Exploration Program at Bellehelen