Excalibur Resources Ltd. Copper Ore Purchase
TORONTO, July 10, 2015 - Excalibur Resources Ltd. ("Excalibur" or the "Company') (CSE:XBR) (OTCQX:EXCFF) (FRANKFURT:X9CN) is pleased to announce its first purchase of high grade 16.8% copper ore of 70 tons. This material has already been milled, bagged and delivered to Lima so the turnaround time for payment is expected to be only 10 days at an estimated gross margin of 30%, less than a comparable purchase from local miners at mine site. "In order to simplify and increase volumes in our high grade ore purchasing strategy, German Castaño, a Director of Excalibur and President, Carbocol Inc., has been diligently identifying, evaluating and assaying new sources of gold and copper ore. With this new approach, it is hoped that we will be able increase volumes to 2-300 tons per month," commented Tim Gallagher, Chairman and CEO of Excalibur.
Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious metal mineral resources.
On behalf of the Board of Directors:
Tim Gallagher, Chairman & CEO
Neither the Canadian National Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contact
Excalibur Resources Ltd.
416-925-0090
info@excaliburresources.ca
www.excaliburresources.ca