Xmet Engages Aeroquest to Fly Deep Penetrating VTEM Electromagnetics Over 20,000 New Acres on its Blackflake Project
February 04 2014 - 8:58AM
Marketwired
Xmet Engages Aeroquest to Fly Deep Penetrating VTEM
Electromagnetics Over 20,000 New Acres on its Blackflake Project
TORONTO, ONTARIO--(Marketwired - Feb 4, 2014) - Xmet Inc.
(TSX-VENTURE:XME) ("Xmet") is pleased to announce that it has
engaged Aeroquest International to complete a new round of
Versatile Time Domain Electromagnetic ("VTEM") and Magnetic
Gradiometer Survey on its newly acquired 20,000 acres of 100% owned
claims which expanded Blackflake's total area to 29,400 acres. The
airborne survey will begin in the next few days.
"This will be our third round of EM aerial surveys and with the
exploration success Xmet achieved with its first two EM surveys, we
are excited about the potential for this next round of VTEM," said
Xmet's Chairman and CEO Alexander Stewart.
He continued by saying, "Our primary objective remains to drill
test our prime anomaly, disclosed in our news release of December
12, 2013, for which permits for ground geophysics and drilling are
expected to be received this month. However this newly acquired
land and the further upside potential that the VTEM can deliver is
equally exciting."
Embedded in this news release is a MAP depicting Blackflake's
Eastern Claim Block. As per the map's legend, the yellow portion
within Xmet's claim block denotes Xmet's land package prior to
January 30th, 2014 News Release and the horizontal grid lines
within Xmet's claim block denotes the 20,000 acres of new claims
staked along with the area that will be flown in this round of
VTEM.
To view the map accompanying this press release please click on
the following link:
http://media3.marketwire.com/docs/XME0204.pdf
Bill Yeomans, P. Geo, states, "Given the highly conductive
nature of graphite deposits, VTEM is a very effective method for
locating potential graphite and massive sulphide type deposits. The
new VTEM survey, which will cover approximately 473 line
kilometres, is excellent for locating conductive anomalies as well
as for identifying lateral and vertical variations in
resistivity."
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.
Xmet Inc.Alexander StewartChief Executive Officer(416)
644-6588astewart@xmet.caXmet Inc.Stephen StewartPresident(416)
644-6588sstewart@xmet.cawww.xmet.ca