XnE, Inc. Signs Agreement to Acquire Silver Property in the Slocan Mining District
Date: Fri, Mar 9, 2012 4:00 PM EST
XnE, Inc. (Pink Sheets: XNEZ.pk) has signed an agreement with ("CVOL") to acquire a silver property ("Project") in the Slocan mining district of British Columbia.
The BNA Group 19 Tenures Project is located approximately 20 km northeast of Kaslo in the Province of British Columbia, Canada. The Project encompasses an area covering 1,250 ha or approximately 3,088 acres historically known as the "Silvery Slocan".
The Slocan mining district is considered a widely mineralized area consisting of silver-lead-zinc ores. The Slocan area is one of the oldest mining areas in the province of British Columbia, Canada and has flourished since the turn of the century. Due to the recent increases in commodity prices and the rise in silver ore value exploration has again become increasingly attractive within the Slocan area.
The company believes that this is an extraordinary opportunity due to the values of recoverable commodities and makes revitalizing this prospect a great first step for XnE. The company's goal is to become a solid junior exploration and acquisition participant in this historically prolific region.
