Xmet Receives Drilling and Ground Geophysics Permits from MNDM on Blackflake West's 'All Channel' EM Graphite Target
16 6월 2014 - 10:00PM
Marketwired
Xmet Receives Drilling and Ground Geophysics Permits from MNDM on
Blackflake West's 'All Channel' EM Graphite Target
TORONTO, ONTARIO--(Marketwired - Jun 16, 2014) - Xmet Inc.
(TSX-VENTURE:XME) ("Xmet") is pleased to announce that it has
received all of the necessary permits from Ontario's Ministry of
Northern Development and Mines ("MNDM") to begin its ground
geophysics work program and drill testing on the Blackflake West's
'All Channel' Electromagnetic graphite target.
Alexander Stewart, Chairman and CEO of Xmet states, "We are
moving aggressively towards conducting ground geophysics and
drilling this "All Channel" EM target on Blackflake West, as soon
as ground conditions allow. The anomaly appears to be conductive at
its surface and the conductivity continues to the limits of what
VTEM can detect, which is 600 metres. This is precisely that type
of response you want when you're targeting graphite, and it is the
same type of "All Channel" response that Zenyatta received on its
East and West graphite pipes."
The Blackflake West Project is an option joint venture between
Xmet and Metals Creek Resources (See News Release May 22, 2014) in
which Xmet has the option to earn a 60% interest in the
project.
The technical information contained in this news release has
been approved by William Yeomans, a director of Xmet, who is a
qualified person as defined in "National Instrument 43-101,
Standards of Disclosure for Mineral projects".
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Xmet assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Xmet. Additional information identifying risks and
uncertainties is contained in filings by Xmet with Canadian
securities regulators, which filings are available under Xmet's
profile at www.sedar.com.
Alexander Stewart, Chief Executive Officer(416)
644-6588astewart@xmet.caStephen Stewart, President(416)
644-6588sstewart@xmet.ca
Xmet Inc. (TSXV:XME)
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