TORONTO, ONTARIO -- (Marketwire) -- 03/08/13 -- Excalibur Resources Ltd. (CNSX: XBR)(FRANKFURT: X9CN)(WKN A0YJNV) ("Excalibur" or the "Company") is pleased to provide an update on the sampling program at the Catanava property in Pinos, Zacatecas State, Mexico. Pinos has been mined since 1546 and was one of only three bonanza gold districts discovered by the Spanish in Mexico. It is located along the historic Fresnillo -- Guanajuato Trend of Mexico, characterized by world-class precious metals mines. The program includes mapping and sampling of old mine workings, surface mapping and re-logging and sampling of drill holes completed by previous operators. The program is directed at expanding the resources at the Catanava property and in providing data for mine development planning.
Highlights of the current sampling program are listed in Table 1. Assay results from the San Miguel Mine and the Tanous Mine show that significant gold mineralization remains in the old historic workings. The San Miguel and Tanous Mines belong to the Cinco Estrellas-Tanous vein system, a major mineralized trend that extends over a 5 km distance within the Pinos District and 700 meters on the Catanava property. The continuity of these high grades zones over significant strike lengths support the potential and continuity of mineralization.
Table 1: Highlights of assaying results from the current sampling program,Catanava Project, Pinos, Zacatecas State, Mexico.-------------------------------------------------------------------------- Au AgMINE/AREA WORKING SAMPLE WIDTH DESCRIPTION g/t g/t-------------------------------------------------------------------------- Oxidized quartz vein, crustiform quartzSan Miguel Level 4 31519 0.85 veinlet 4.97 24-------------------------------------------------------------------------- Oxidized quartz vein,San Miguel Level 3 31523 0.8 brecciated 4.67 17--------------------------------------------------------------------------San Miguel Level 3 31525 1.2 Quartz vein brecciated 11.8 48--------------------------------------------------------------------------San Miguel Level 3 31529 0.56 Oxidized quartz vein 2.74 36-------------------------------------------------------------------------- Oxidized quartz vein,San Miguel Level 2 31533 0.9 blade 5.23 70-------------------------------------------------------------------------- Oxidized quartz vein,San Miguel Level 2 31535 0.9 blade 5.52 91-------------------------------------------------------------------------- Oxidized quartz vein,San Miguel Level 1 31538 0.5 blade 7.56 106-------------------------------------------------------------------------- Oxidized breccia,San Miguel Level 1 31540 0.5 angular, quartz 4.91 91-------------------------------------------------------------------------- Greenish quartz veinSan Miguel Level 1 31544 0.5 ginguro 5.89 50-------------------------------------------------------------------------- Oxidized breccia,San Miguel Level 1 31551 0.3 angular, quartz 7.56 44--------------------------------------------------------------------------San Miguel Level 1 31553 0.94 Oxidized quartz vein 3.49 41--------------------------------------------------------------------------San Miguel Level 1 31554 0.63 Oxidized quartz vein 2.93 42--------------------------------------------------------------------------San Miguel Level 1 31555 0.82 Oxidized quartz vein 3.80 24--------------------------------------------------------------------------Tanous Level 01 31565 0.78 Oxidized quartz vein 3.57 22--------------------------------------------------------------------------
