Excalibur Metals Corp. has announced significant developments regarding the Bellehelen Silver-Gold Project located in Nevada’s Walker Lane Trend. The company has finalized a Definitive Agreement with Silver Range Resources, which grants Excalibur the option to acquire 100% ownership of the Bellehelen Project.
The CEO of Excalibur, John Gilbert, expressed enthusiasm about the site, highlighting its expansive mineralized trend, which extends over 7 kilometers and largely remains unexplored. “We believe Bellehelen represents a priority exploration target for Excalibur,” he stated, noting the project’s location in a region recognized for major precious metals discoveries and the presence of established, productive mines.
Bellehelen features a low-sulphidation epithermal silver-gold prospect about 70 kilometers east of Tonopah, encompassing 90 Federal Lode Claims. The Walker Lane Trend is known for its rich vein systems and historic finds. Nearby notable deposits include the Round Mountain Mine, which has a history of approximately 15 million ounces of gold production and proven and probable reserves of about 1.88 million ounces of gold, and the Tonopah Silver District, historically yielding around 174 million ounces of silver among other precious metals.
The Bellehelen district has an extensive mining history, with an estimated 311,000 ounces of silver equivalent mined from the early 1900s to the 1930s. Numerous historic workings, like shafts and adits, confirm the existence of mineralized zones across the project area, but these have not undergone modern exploration techniques. Historical surface samples have revealed high-grade assays of gold up to 11.25 g/t and silver reaching 3,490 g/t, along with extensive soil anomalies suggesting the presence of both high-grade and bulk-tonnage mineralization styles. One notable anomaly extends over 1,300 meters in gold-in-soil readings.
Looking ahead, Excalibur’s exploration efforts will include detailed mapping, geochemical and geophysical surveys, trenching, and subsequent drilling aimed at assessing mineral continuity, expanding known mineral zones, and potentially uncovering new discoveries. The company plans to reveal additional details regarding its 2025 Exploration Program in the weeks to come.
Despite the promise shown by nearby mining operations, Excalibur has issued a caution that such production histories may not be indicative of mineralization at the Bellehelen Project. Dr. Alan Wainwright, a consultant and Qualified Person associated with the company, will oversee and verify the technical information provided in this announcement. The historical data cited will also undergo verification through planned exploration activities.
Excalibur Metals Corp. is focused on the exploration of precious metals in established mining areas of the Western United States. The Bellehelen Project is part of its strategic initiatives in Nye County, Central Nevada. The company’s dedicated team possesses strong expertise in exploration, development, and permitting, aiming to navigate the complexities of the mining landscape effectively.
As the company continues to advance its exploration initiatives in Bellehelen, further insights and updates will be shared, allowing stakeholders to stay informed about developments in this promising project. For more information, Excalibur has provided a source for those interested in further details Surrounding the Bellehelen Project and its findings.
Overall, the project’s historic production records and extensive geological features could pave the way for significant future discoveries in a region rich in precious metals.
