X-Cal Resources Ltd. (TSX: XCL.TO) -
Two "Facilities Area" drill holes have returned high-grade assays as development drilling continues at Sleeper.
Reverse Circulation hole # XR-07-25 included 20ft of 0.949 opt Au. (32.537 grams per Tonne).
Reverse Circulation hole # XR-07-36 included 10ft of 1.548 opt Au. (53.047 grams per Tonne).
Additional drilling to trace the higher grades will follow.
The Facilities Area is located east of the Sleeper pit (see April 10, 2007 press release).
The following results are from the twelve most recently assayed drill holes in the Facilities Area. The structural picture is developing as described in the April 10, 2007 release. We are encouraged to see the higher grades. More drilling to determine the true width or thickness of the higher grades will be required.
Current Facilities Results:
---------------------------------------------------------------------------
FROM TO LENGTH Au FROM TO LENGTH Au
HOLE feet feet feet opt meters meters meters gpT
---------------------------------------------------------------------------
XR-07-19 95 115 20 0.011 29 35 6 0.377
---------------------------------------------------------------------------
140 220 80 0.010 43 67 24 0.343
--------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-20 165 220 55 0.018 50 67 17 0.617
---------------------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-22 245 350 105 0.016 75 107 32 0.549
---------------------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-31 0 10 10 0.030 0 3 3 1.029
--------------------------------------------------------------
40 65 25 0.021 12 20 8 0.720
--------------------------------------------------------------
230 280 50 0.016 70 85 15 0.549
--------------------------------------------------------------
520 545 25 0.034 158 166 8 1.166
--------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-05 0 20 20 0.012 0 6 6 0.411
--------------------------------------------------------------
125 290 155 0.019 38 88 50 0.651
--------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-34 145 210 65 0.013 44 64 20 0.446
--------------------------------------------------------------
280 355 75 0.013 85 108 23 0.446
--------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-33 215 235 20 0.013 66 72 6 0.446
--------------------------------------------------------------
280 300 20 0.013 85 91 6 0.446
--------------------------------------------------------------
370 390 20 0.013 113 119 6 0.446
--------------------------------------------------------------
545 580 35 0.019 166 177 11 0.651
--------------------------------------------------------------
---------------------------------------------------------------------------
XC-06-14 399 425 26 0.013 122 130 8 0.446
---------------------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-25 90 115 25 0.011 27 35 8 0.377
--------------------------------------------------------------
250 355 105 0.012 76 108 32 0.411
--------------------------------------------------------------
355 515 160 0.026 108 157 49 0.891
--------------------------------------------------------------
515 535 20 0.949 157 163 6 32.537
--------------------------------------------------------------
535 610 75 0.023 163 186 23 0.789
--------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-38 675 715 40 0.036 206 218 12 1.234
---------------------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-35 245 280 35 0.013 75 85 11 0.446
--------------------------------------------------------------
335 355 20 0.011 102 108 6 0.377
--------------------------------------------------------------
560 585 25 0.017 171 178 8 0.583
--------------------------------------------------------------
---------------------------------------------------------------------------
XR-07-36 0 30 30 0.014 0 9 9 0.480
--------------------------------------------------------------
310 355 45 0.012 94 108 14 0.411
--------------------------------------------------------------
445 455 10 1.548 136 139 3 53.074
--------------------------------------------------------------
455 470 15 0.021 139 143 5 0.720
--------------------------------------------------------------
---------------------------------------------------------------------------
The 2007 goal for the Facilities Area work is near-surface mineralization, to be combined with above-ground mineralization from the nearby heaps (see April 10, 2007 press release for detail).
Historic Note: The Sleeper Vein occurred in the pit area, adjacent to the Facilities Area, within a significant area of lower grade.
Development drilling at West Wood is also progressing. The most recent drill result from that area includes 72 feet of 0.122 opt Au. (4.18 grams per Tonne). This result extends mineralization westward by 75ft. and fills in a gap in data for that area.
Current West Wood Result:
---------------------------------------------------------------------------
FROM TO LENGTH Au FROM TO LENGTH Au
HOLE feet feet feet opt meters meters meters gpT
---------------------------------------------------------------------------
XC-07-07 685 757 72 0.122 209 231 22 4.183
---------------------------------------------------------------------------
Good progress is being made in several areas, including earlier stage exploration of the Northwest (NW) Target.
Readers are encouraged to view X-Cal's press release of April 10, 2007 and the NI-43-101 technical report on the Sleeper Gold Property, which can be found @ www.x-cal.com or on SEDAR, in conjunction with this update.
The Sleeper Gold Property, located in Humboldt County, Nevada is 100% owned by X-Cal Resources Ltd.
The Sleeper drill samples were collected following standard industry practice and were assayed by American Assay Laboratories, Inc. of Sparks, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. Higher-grade assays are checked by gravimetric fire-assay methods. QA/QC included the insertion of numerous standards and blanks into the sample stream.
The contents of this release have been reviewed by Robert Thomason, M.Sc., who is a "Qualified Person" as defined by NI-43-101.
Shawn Kennedy, President
Caution Concerning Forward-Looking Statements
This release and related documents may contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of drilling results and potential mineralization, future exploration work at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project and the expected results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project; uncertainties involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the exploration operations at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project.
Forward-looking statements contained in this release and related documents are based on the beliefs, estimates and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. X-Cal Resources Ltd. and X-Cal USA, Inc. undertake no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Note: X-Cal Resources Ltd. can be referenced through the Standard & Poor's Directory.
Contacts
Shawn Kennedy
X-Cal Resources Ltd.
President
AI
