Xmet CEO Alexander Stewart said the company second EM survey resulted in identification of a new strong conductive anomaly measuring approximately 300m by 800m and has since completed additional staking to cover the entire anomaly and abutting lands to bring its project total to 237 claim units.
"Xmet now has three conductive anomalies of significant size and considers these results to be very encouraging towards its objective of discovering and defining a hydrothermal graphite deposit on its Blackflake Project. Our next step is to drill these targets and prove up what we have," Stewart added.
P.Geo Bill Yeomans said that the preliminary data from new MAG-TDEM survey has indicated a large north northeast trending anomaly with a strong electromagnetic response measuring approximately 300m by 800m located ithin a magnetic low flanking northwest trending magnetic diabase dikes.
"The strong Zenyatta conductors are circular in nature and are situated within a magnetic low flanking the margin a northwest trending diabase dike," Yeomans added.
The Blackflake project comprises two separate blocks of claims situated near to the eastern and the northwestern margins of Zenyatta’s Albany project.
