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Xmet Engages Aeroquest to Fly EM Survey at Blackflake Project Located Adjacent to Zenyatta's Albany Graphite Discovery
Xmet Engages Aeroquest to Fly EM Survey at Blackflake Project Located Adjacent to Zenyatta's Albany Graphite Discovery.
About this update from Xmet Inc
[{"type":"text","content":"\n \n \n Xmet Engages Aeroquest to Fly EM Survey at Blackflake Project Located Adjacent to Zenyatta's Albany Graphite Discovery\n \n \nXmet Engages Aeroquest to Fly EM Survey at Blackflake Project Located Adjacent to Zenyatta's Albany Graphite Discovery\n \n TORONTO, ONTARIO--(Marketwired - Nov 12, 2013) - Xmet Inc. (\"Xmet\" or the \"Company\") (TSX VENTURE:XME)(OTCQX:XMTTF) is pleased to announce it has contracted Aeroquest International (a division of Geotech Airborne Geophysical Surveys) (\"Geotech\") of Aurora Ontario to complete a helicopter airborne Versatile Time Domain Electromagnetic (VTEM Plus) and Horizontal Magnetic Gradiometer Geophysical Survey on its 100% owned Blackflake Project, located approximately 60 kilometers northwest of Hearst, in Northeastern Ontario. The Blackflake Project consists of two separate blocks of claims located proximal to the eastern and the northwestern margins of Zenyatta's Albany project. A significant, potentially economic hydrothermal graphite deposit was discovered on Zenyatta's Albany project during a 2011 drilling program which tested a strong electromagnetic conductor. The conductor was identified on the Albany claims in 2010 by a Geotech VTEM airborne survey. The nearby Blackflake claim blocks share similar geological and structural features to Zenyatta's Albany hydrothermal graphite discovery. The current VTEM Plus and magnetic surveys will provide complete coverage with 340 kilometres of lines flown at 100 meter line spacing over the 181 claim units on the two Blackflake claim blocks.\n \"With all the activity occurring in and around Zenyatta's Albany Project, Xmet is uniquely positioned as it is one of the few companies that have rapidly proceeded to acquire a significant land position land and perform airborne VTEM and magnetic surveys in the immediate vicinity of the Albany graphite discovery. We see this as an opportunity since the Blackflake properties have never been previously tested by EM surveys although the ground is favorably located close to the Albany graphite diatremes. The results of the upcoming VTEM survey when studied in conjunction with our already defined magnetic lows on Blackflake, will allow us to test our theory that graphitic diatremes may possibly occur in clusters. If the VTEM Plus survey on Blackflake identifies strong geophysical EM conductors simila...