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marcos

02/05/03 12:32 PM

#30 RE: BAM #29

' X-Cal's 2003 Sleeper drilling program under way

X-Cal Resources Ltd XCL
Shares issued 58,958,583 Feb 4 2003 close $ 0.81
Wednesday February 5 2003 News Release
Mr. Shawn Kennedy reports
X-CAL CONFIRMS SLEEPER DRILLING UNDERWAY

X-Cal Resources confirms that the 2003 drilling program at Sleeper, located in Humboldt county, Nevada, is under way (drilling commenced Jan. 31, 2003). An initial exploration budget of $1-million (U.S.) has been set for the phase I program with $5-million (U.S.) as the proposed minimum for the year.

The Sleeper gold property is a 30-square-mile "district scale" gold project, with an existing resource base. It is one of the prime North American gold projects with potential to contribute to the reserve hungry, post consolidation, gold industry.

X-Cal Resources has assembled a team of well qualified Nevada explorationists to direct work at Sleeper. (See news in Stockwatch on Jan. 10 and 13, 2003.) The entire "Sleeper team" is scheduled to meet next week to continue with planning of the 2003 Sleeper work program. The geologic due diligence report by Larry Kornze and Jeffrey Phinisey provides a view of the potential of the Sleeper gold district. The report can be found at http://www.x-cal.com under current reports.

The current drill holes are testing early stage targets located east of the mine site.

(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com '
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Same here, B, after five years it's not a novelty any more ... one day though, we'll be seeing this puppy list on the Amex, and we'll be able to say we knew it way back when -g- .... Western Copper listed on Amex today, Minefinders two weeks ago, Wheaton before that ..... gold a tich soft today, is this our dip, or a deke-out, hmmm ...