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X-Cal Resources Ltd.
TSE/XCL June 18, 2004
MILL CREEK GEOPHYSICAL SURVEY COMPLETED/
DRILLING ONGOING
X-Cal Resources Ltd. reports that a detailed high density gravity
geophysical survey has been completed on its Mill Creek Gold Property
located in Lander County, Nevada, within an area known as the Cortez Joint
Venture (CJV) Area. The new gravity survey data is being interpreted and
incorporated into the growing X-Cal Mill Creek data package.
Two drills are working on the 100% owned X-Cal property at this time. The
core drill is currently working on its third hole to test the flank of an
interpreted, buried intrusive. The reverse circulation drill is working on
its fifth hole. Assays for the initial drill holes are backlogged. The core
drilling program is designed to provide early stratigraphic information as
part of the mapping program at Mill Creek. The reverse circulation drill is
testing exploration targets.
The Mill Creek Property is located over a lower plate window known as the
“Goat Ridge Window” within the CJV area. A previous drill intercept on the
X-Cal property of 10 feet of 0.52 opt Au has indicated the presence of gold
in a favourable geologic environment.
X-Cal’s 640-acre property is adjoined by mineral claims of two major
companies. X-Cal has a co-operative data sharing agreement with one of the
major companies. One of the neighbors has indicated that they are also
preparing to drill.
X-Cal’s initial Mill Creek budget of US$500,000 has been increased to
US$1Million. The work program will continue throughout the summer.
The contents of this news release have been reviewed by Richard R. Redfern,
M.Sc., C.P.G., who is a Qualified Person as defined by National Instrument
43-101.
X-Cal is also 50% partner in the Sleeper Joint Venture, which is
currently spending US$500,000 per month exploring the Sleeper Gold District
located in Humboldt County, Nevada (see press release dated
June 1, 2004).
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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