XMET, Inc (XMTTF)

[buddhabelly2]

Xmet is gold exploration company focused on consolidating the Duquesne Mining District located along the Porcupine-Destor fault in the Abitibi region of Quebec. Building on its successful exploration on the Duquesne-Ottoman Property where Xmet took a small historic resource and in 18 months expanded that into a NI43-101 compliant 853,000 inferred gold ounces in 4.1 million tonnes grading 6.36 g/t Au, the company has signed agreements with its adjacent neighbors that will add 355,000 ounces of indicated gold resource in 2.0 million tonnes at 5.9 g/t Au and a further 380,000 gold ounces of inferred resources in 2.6 million tonnes at 4.4 g/t Au. This transaction will allow Xmet to take control of over 8 kilometres of strike on the Porcupine-Destor fault and open the immediate exploration potential to significantly add ounces by exploring the boundary zones between the properties and the extensions around the old shaft on the Duquesne mine property.