Xmet Stakes Northern Extension of Large ‘All Channel’ Graphite Target, Expands Blackflake West
October 14, 2014 (Source: Marketwired) — Xmet Inc. (“Xmet” or the “Corporation“) (TSX VENTURE:XME) is pleased to announce that it has staked and acquired a 100% interest in 10 claim units on the northern boundary of the Blackflake West property. These claims appear to host a northern extension of Blackflake West’s ‘All Channel’ Electromagnetic graphite target.
“After reviewing the results from our recent VTEM survey announced September 29th 2014, we were pleasantly surprised at the size and conductivity response of this anomaly. The original All Channel response that we knew about when we optioned property, was only the western edge of what we have now discovered. Given the size of this new discovery, and the fact that we see some responses trending northward we have secured the abutting land to the north,” said Alexander Stewart, Xmet’s Chairman and CEO. He continued by saying, “Our team is very excited to drill the target, as fast as possible so that we can deliver the results to the market. To this end ground geophysical IP is scheduled to begin shortly to refine the target to help us orientate the drills.”
Click here to see the Blackflake West ‘All Channel’ VTEM profiles and the new claims stake to cover the anomaly’s northern extension.
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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.