Excalibur Resources Ltd. announce that diamond drilling has commenced today on its Silver King property in Nelson, B.C. The Phase I drilling program will target 15 holes over 2000 meters. The objectives of the current phase of drilling are to:
1) Test for the possibility of near surface, lower grade, open pit resources,
2) Begin testing the depth, and along strike potential of the Silver King structure for additional deposits of higher grade resources amenable to underground mining, and
3) begin testing for additional mineralized structures that may occur within the one kilometer wide Silver King Shear zone, both parallel to, and crosscutting the known mineralized Silver King structure.
Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious and base metal mineral resources.