U.S.REPORT X-Cal options U.S. gold bet

X-Cal Resources (TSE) recently entered into an option agreement allowing it to earn a 50% interest in the Wild Rose property in Nevada from Equinox Resources (TSE). To earn its interest in the gold prospect, X-Cal must spend US$100,000, make option payments totalling US$50,000, and issue 100,000 of its shares to Equinox over a 3-year period.

The 780-acre Wild Rose property adjoins the LAC-Equinox Rosebud property where recent drilling by LAC intersected 135 ft. of 0.22 oz. gold. An initial exploration program is expected to start shortly on the property.

On its own, X-Cal is continuing exploration of its Snowbird property near Fort St. James, B.C. Prospecting and geochemical work is under way to outline targets for the next round of trenching and drilling.