Xmet Inc. Intersects Gold Mineralization on Surface: 12.25 g/t Au over 1.3m and 3.18 g/t Au over 4.2m
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 10/18/11 -- Xmet Inc. (TSX VENTURE: XME) is pleased to announce that additional channel sampling on the Shaft Zone at its Duquesne-Ottoman Property confirm the continuity and quality of mineralization on surface. The additional trenching and channel sampling undertaken on Trench 2 returned up to 3.18 g/t Au over 4.2 metres and 12.25 g/t Au over 1.3 metres (see map).
"The additional trenching we carried out on the Shaft Zone confirms our expectations of continuity on the mineralization and gives us confidence that similar continuity is possible in the vertical dimension. We have exposed the mineralization of the Shaft Zone for over 150 metres along strike and the system is open in both directions. This zone represents an excellent opportunity to outline some near surface ounces which could be accessed from surface or from a shallow ramp." said Charles Beaudry, President and COO of Xmet Inc.
A 7,000 metre diamond drilling program is in progress on the Duquesne-Ottoman Property, of which approximately 2,800 metres have been earmarked for shallow drilling on the Shaft zone at a 25 by 25 metre spacing for 150 metres along strike and down to a depth of 100 metres. Assays will be released as they become available.
A rigorous quality control and assurance program is followed during sampling programs, including the insertion of control samples and blanks and submission of samples for verification analyses in a second laboratory. All sampling is done under the supervision of Charles Beaudry, P.Geo., geo.
About Xmet Inc
Xmet Inc., through its wholly-owned subsidiary Duquesne-Ottoman Mines Inc. ("Duquesne-Ottoman Mines"), carries out gold resource exploration and development.
Mr. Charles Beaudry, P.Geo., geo Xmet's President and COO, is the designated Qualified Person responsible for this release.
To view Figure 1 Map, please visit the following link: .
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.
Contacts:
Xmet Inc.
Charles Beaudry
President and COO
(416) 644-6588
Xmet Inc.
Stephen Stewart
V.P. Corporate Development
(416) 644-6588
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Datum: 18.10.2011 - 14:04 Uhr
Sprache: Deutsch
News-ID 77406
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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