Sleeper Paper by Dr. Richard Sillitoe
Jan 26, 2006
X-Cal Resources Ltd has received a report entitled: “EXPLORATION POTENTIAL OF THE SLEEPER PROJECT, NEVADA” by Dr. Richard H. Sillitoe, dated January 2006. The paper is not a NI-43-101 report and should be considered as a supplement to N1-43-101 documents for the project. The paper will not be filed on SEDAR, but can be found in its entirety at http://www.x-cal.com.
Dr Sillitoe is an independent, international consultant participating in the Sleeper Project Review announced by X-Cal on November 08/06. (Shareholders who are not familiar with Dr. Sillitoe’s credentials are encouraged to do a “google search” for background)
X-Cal is encouraged by Dr Sillitoe’s comments and will incorporate his recommendations into the Sleeper Gold Project planning.
X-Cal recently announced an agreement to consolidate the Sleeper Gold Project (see press release dated Jan/25/06). The professionals named in Dr Sillitoe’s report contributed to X-Cal’s decision to pursue consolidation of the project.
The contents of this release and Dr. Sillitoe’s paper have been reviewed by Larry Kornze, P. Eng, who is a Qualified Person as defined by NI-43-01.
Investors are asked to read the “Caution Concerning Forward-Looking Statements” located below, prior to review of Dr. Sillitoe’s paper.
CLICK HERE TO VIEW “EXPLORATION POTENTIAL OF THE SLEEPER PROJECT, NEVADA”, by Dr. Richard Sillitoe. French version.
Caution Concerning Forward-Looking Statements
This news 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 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; 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.
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 undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
Shawn Kennedy
President
