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xmet inc (XME) Snapshot

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12/16/13 - C$0.20
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10/24/13 - C$0.01
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xmet inc (XME) Details

Xmet Inc., an exploration stage company, engages in the exploration and development of mineral properties in Quebec and Ontario, Canada. It explores for gold, copper, and deposits. The company has interests in the Duquesne-Ottoman property that covers an area of 928.6 hectares and is located to the north of the Rouyn-Noranda city, Quebec; and the Grasset Property, which consists of 114 contiguous exploration licenses covering an area of 1,846 hectares and is located to the west of Matagami, Quebec. It also has interests in the Authier Property that comprises 135 claims covering 2,169 hectares and is located in the western Abitibi Region of Quebec. The company is headquartered in Toronto, Canada.

xmet inc (XME) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: C$90.0K
Chief Financial Officer, Corporate Secretary ...
Total Annual Compensation: C$36.0K
Compensation as of Fiscal Year 2013.

xmet inc (XME) Key Developments

Xmet Inc. Acquires a 100% Interest in 10 Claim Units on the Northern Boundary of the Blackflake West Property

Xmet Inc. announced 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.

Xmet Inc. Receives Drill Permits for its Grasset Property

Xmet Inc. announce that it has received its work and drill permit for its Grasset Property from the Province of Quebec's Ministry of Natural Resources. During previous geophysical work on the Grasset property, Xmet identified four high priority targets that have been selected for diamond drill testing. The project is located immediately adjacent to and along strike to Balmoral Resources Grasset project, which lies on the Detour/Sunday Lake deformation zone. Balmoral has had excellent results on its Grasset project yielding significant gold, nickel and platinum group metal intersection in recent months. As a result, Xmet has decided to pursue its own aggressive exploration and drill program.

Xmet Inc. Completes First Phase of its Ground Geophysics Work on its Blackflake West Project

Xmet Inc. announced that it has completed the first phase of its ground geophysics work on its Blackflake West project, being the ground magnetic survey. The ground magnetic program was designed to give the company a higher definition of the sub soil structures and to assist in spotting the pending drill holes on the 'All Channel' electromagnetic response target. The image below is from the final report received from Abitibi Geophysics which Xmet commissioned to complete the 41 line km magnetic survey. The image depicts the magnetic surveys with the B-Field electromagnetic 'All Channel' response overlain.


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