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X-Cal Resources Ltd.
TSE/XCL May 19, 2004
UPDATES NEVADA PROJECTS
SLEEPER GOLD PROJECT
SLEEPER JOINT VENTURE
HUMBOLDT COUNTY, NEVADA
The Sleeper Exploration Team and Joint Venture Committee are scheduled to
meet prior to the end of this month for a progress update and planning
session.
The Sleeper Gold Project is a 50/50 joint venture between New Sleeper
Gold Corp. and X-Cal Resources Ltd. New Sleeper has provided US$20 million
to the joint venture to consolidate the 30 square mile Sleeper Gold District
and also to fund exploration of the Sleeper Gold Property.
Three drills, consisting of two core drills and one reverse circulation
drill, are operating as part of the comprehensive 2004 Sleeper work program.
Press releases of exploration data by the Sleeper Joint Venture require
consensus of the partners and will be made jointly under the supervision of
Qualified Persons as defined in National Instrument 43-101.
MILL CREEK GOLD PROJECT
100% X-CAL RESOURCES LTD.
LANDER COUNTY, NEVADA
The drill program on X-Cal’s 100%-owned Mill Creek Gold Property, located
in the Cortez Joint Venture Area of Lander County, Nevada, commenced in
schedule. A diamond (core) drill and a reverse circulation drill are
operating on site. (See Press Release dated April 21,
2004)
The core rig is expected to provide stratigraphic information about the
Mill Creek Property. The reverse circulation drill has begun a series of
exploratory holes.
SUMMARY
The Sleeper Joint Venture is in the early stages of a major exploration
program at the Sleeper Gold Project, in Humboldt County, NV.
X-Cal is carrying out initial drill testing of its 100% owned Mill Creek
Gold Property in Lander County, NV.
For further information contact: Shawn
Kennedy, President
Tel: (604) 662-8245 Fax: (604) 688-7740
Visit our web site: www.x-cal.com
Note: X-Cal Resources Ltd. can be
referenced through the Standard & Poors Directory.
The 2003 Annual Report is available through X-Cal Resources Ltd.
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