GoldMinerPulse Report on X-Cal Resources Ltd.: (NI) 43-101 Metal Valuation Report

X-Cal Resources Ltd. (XCL)

Company Web Site: www.x-cal.com
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-05-07. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2012-02-03.
External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse  |  Canadian Insider Trading
More External Links:
X-Cal Resources Valuation Blog updated daily.
GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2012-02-03
Project/Deposit CC MVpSh PP% MI% I% Gold Silver
    Sleeper US $36.42 0 38% 62% 3.22 M oz     37.49 M oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2012-Feb-03
Metric / Metal Gold Silver
    Metal Totals 3.22 M oz     37.49 M oz
    Metal Prices in US$ (from 2012-02-03) $1,725.90 / oz     $33.63 / oz
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $29.68     $6.74
    Percentage of Total Metal Value 81.50%     18.50%
    PP% | MI% | I% 0 | 39% | 61%     0 | 35% | 65%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2012-Feb-03
    Metal Value per Share (MVpSh)    US$36.42
    Average Ore Value per Tonne    US$
    Metal Value Leverage (MVL)    -no stock price-
    Recent Stock Price    C$   (TSX/TSXV close on 2012-02-03.)
Conversion rate used: 1 Cnd$ = 1.00682 US$ )
    Fully Diluted Share Count    187.09 M    ( Fully diluted share count is based on the outstanding shares, warrants and options as detailed in the INTERIM FINANCIAL STATEMENTS (Unaudited) For the period ended December 31, 2009 (available at Sedar). )
    PP% | MI% | I%    0 | 38% | 62%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade     g/t
    Market Capitalization
    per oz of Gold In Ground    $0.00   US$  |   0.00   C$
    Gold Eq Oz Estimate    3.95 M oz   ( 3.22 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent    $0.00   US$  |   0.00   C$

See terms for more about GoldMinerPulse metrics.
GoldMinerPulse Coverage Status:
GoldMinerPulse coverage of X-Cal Resources Ltd. has started but is not complete.

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold	Silver
Sleeper	US	$36.42	0	38%	62%	3.22 M oz	37.49 M oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2012-Feb-03
Metric / Metal	Gold	Silver
Metal Totals	3.22 M oz	37.49 M oz
Metal Prices in US$ (from 2012-02-03)	$1,725.90 / oz	$33.63 / oz
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$29.68	$6.74
Percentage of Total Metal Value	81.50%	18.50%
PP% \| MI% \| I%	0 \| 39% \| 61%	0 \| 35% \| 65%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2012-Feb-03
Metal Value per Share (MVpSh)	US$36.42
Average Ore Value per Tonne	US$
Metal Value Leverage (MVL)	-no stock price-
Recent Stock Price	C$ (TSX/TSXV close on 2012-02-03.) Conversion rate used: 1 Cnd$ = 1.00682 US$ )
Fully Diluted Share Count	187.09 M ( Fully diluted share count is based on the outstanding shares, warrants and options as detailed in the INTERIM FINANCIAL STATEMENTS (Unaudited) For the period ended December 31, 2009 (available at Sedar). )
PP% \| MI% \| I%	0 \| 38% \| 62%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade	g/t
Market Capitalization per oz of Gold In Ground	$0.00 US$ \| 0.00 C$
Gold Eq Oz Estimate	3.95 M oz ( 3.22 M oz are in ground)
Market Capitalization per oz of Gold Equilavent	$0.00 US$ \| 0.00 C$

See terms for more about GoldMinerPulse metrics.

Sleeper - ^top^

(NI) 43-101 Report:

Title: SLEEPER GOLD PROPERTY PRELIMINARY ECONOMIC ASSESSMENT 2009
Date: 2009-11-16 (395 pages)

Project Location: Nevada, USA

Map View: View the Sleeper Gold project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $11.63 1.26 M oz 0.465 g/t 84.31 M t
Silver $2.38 13.25 M oz 4.890 g/t 84.31 M t
Estimate notes: See Table 19-12: Resource for All Blocks Classed Indicated on p. 132 of 395 in the NI 43-101 dated November 2009.
Au Cutoff 0.20 g/t.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$11.63	1.26 M oz	0.465 g/t	84.31 M t
Silver	$2.38	13.25 M oz	4.890 g/t	84.31 M t
Estimate notes: See Table 19-12: Resource for All Blocks Classed Indicated on p. 132 of 395 in the NI 43-101 dated November 2009. Au Cutoff 0.20 g/t.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $11.45 1.24 M oz 0.328 g/t 117.71 M t
Silver $3.86 21.50 M oz 5.680 g/t 117.71 M t
Estimate notes: See Table 19-13: Resource for All Blocks Classed Inferred on p. 132 of 395 in the NI 43-101 dated November 2009.
Au cutoff 0.20 g/t

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$11.45	1.24 M oz	0.328 g/t	117.71 M t
Silver	$3.86	21.50 M oz	5.680 g/t	117.71 M t
Estimate notes: See Table 19-13: Resource for All Blocks Classed Inferred on p. 132 of 395 in the NI 43-101 dated November 2009. Au cutoff 0.20 g/t

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $6.60 715.39 K oz 0.441 g/t 50.46 M t
Silver $0.49 2.74 M oz 1.686 g/t 50.46 M t
Estimate notes: See Table 3-2: Above-Ground Inferred Resource in Heap Leach Pad Stockpile and Mill Tailings on p. 15 of 395 in the NI 43-101 dated November 2009.
Heap Leach Pad Stockpile and Mill Tailings

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$6.60	715.39 K oz	0.441 g/t	50.46 M t
Silver	$0.49	2.74 M oz	1.686 g/t	50.46 M t
Estimate notes: See Table 3-2: Above-Ground Inferred Resource in Heap Leach Pad Stockpile and Mill Tailings on p. 15 of 395 in the NI 43-101 dated November 2009. Heap Leach Pad Stockpile and Mill Tailings