Xmet has completed Versatile Time Domain Electromagnetic (VTEM) survey at its 100% owned Blackflake project, located approximately 60km northwest of Hearst, in Northern Ontario, Canada.
Preliminary results of the VTEM survey, conducted by Aeroquest, indicated a circular conductive feature situated within a magnetic low flanking a northwest trending magnetic diabase dike.
P.Geo Bill Yeomans said that the favorable environment bears similarities to the setting in which the Zenyatta hydrothermal graphite pipes were deployed.
"Xmet continues to evaluate other potential targets in the vicinity considered to be similar to the Zenyatta graphite pipes with the prospect of enhancing its property position," Yeomans added.
The survey was conducted to test for potential conductive responses in selected magnetic low anomalies that could be indicative of graphite.
Xmet CEO Alexander Stewart said that a 340 line kilometer helicopter-airborne VTEM survey was conducted on 100m line spacing t test multiple magnetic low targets for conductive EM responses on the project.
"Numerous conductive anomalies were identified including the circular conductive feature having a diameter of approximately 500 meters which is referred to above," Stewart added.
The Blackflake project comprises two separate blocks of claims located proximal to the eastern and the northwestern margins of Zenyatta’s Albany project.
