The use of Sub-Audio Magnetics, or SAM technology survey has already more than doubled strike length of the mineralised host structure at Deflector, where data indicates a strike length of some 2,350 metres, previously 950 metres in length.
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Proactiveinvestors Australia
GLOBAL NAVIGATION
Xmet
www.xmet.ca/Xmet is a gold junior exploration company focused on advanced projects in existing mining camps in Canada where exploration and mining costs are minimized and where previous and historic producing mines make for much easier permitting and minimizes community and First Nations social community risks. The company is lead by highly qualified and driven professionals with experience in corporate financing and all phases of mineral exploration and a track record of discovery and development.
News
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05/03/12
Xmet expedites option agreement with Globex for 100% of Duquesne-Ottoman -
29/11/11
Xmet seeks million ounces of gold at Duquesne-Ottoman project -
18/11/11
Xmet to raise $1-mln in non-brokered financing deals -
29/10/11
Xmet hits near-surface high grade gold at Shaft zone, Duquesne Ottoman -
29/10/11
Xmet files Duquesne-Ottoman estimate on SEDAR, shares rise -
19/10/11
Xmet shares rally on latest channel sampling results from Duquesne-Ottoman -
23/09/11
Xmet stakes 129 claims in Grasset Township, Quebec -
16/09/11
Xmet starts 7,000 metre drill program targeting further resources at Duquesne-Ottoman -
09/09/11
Xmet boosts inferred resource at Duquesne-Ottoman by 56% -
07/09/11
Xmet returns 13.3 g/t gold from surface trench on Duquesne-Ottoman property
Recent Sector News
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Red Mountain Mining raising up to $2.8M to fund Batangas gold drilling
Drilling of high grade gold targets is the primary objective for Red Mountain Mining’s $2.8 million partially and conditionally underwritten pro-rata, renounceable rights issue. This is expected to lead to a resource upgrade and positive Scoping Study.
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Cleveland Mining and BC Iron JV to acquire first iron ore projects in Brazil
Cleveland Mining’s David Mendelawitz has successfully negotiated a deal to acquire three high potential iron ore exploration projects in Brazil under a strategic alliance with BC Iron, (Market Cap: $385 million) that will de-risk the path to iron ore production.
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Paynes Find Gold readies for WA drilling, gold pour within weeks
Ongoing assessment, including an extensive soil sampling program, is being carried out to identify further targets for Paynes Find Gold’s planned Stage 3 drilling program. There will also be the first gold pour from its small scale mining operations in coming weeks.
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Red Mountain Mining continues high grade gold discoveries at Lobo
Red Mountain Mining has delivered more high grade, near surface gold from drilling of just the second of five epithermal vein structures at the Lobo Prospect in the Philippines. These provide an opportunity to convert into high grade resources in the coming months.
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Hill End Gold study is positive for Hargraves gold project in NSW
With a capital cost of just $15 million and operating costs below the industry average, and payback within one year, Hill End Gold’s decision to progress the Hargraves Gold Project towards a Feasibility Study has been justified.
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