Geotech to Complete Airborne VTEM and Magnetic Gradiometer Survey on Xmet’s Grasset Project

Xmet Inc. is pleased to announce that it has engaged Geotech (formerly Aeroquest International) to complete the first airborne Versatile Time Domain Electromagnetic and Magnetic Gradiometer Survey on its 100% owned Grasset Project.

The airborne survey is scheduled to begin in the next week and will consist of 330 line km in a north-south grid pattern with 100 metre spacing between lines.

"We are excited about this program as no airborne geophysics has been performed on our Grasset project and our previous ground geophysics (induced polarization) only covered a portion of our claims. This new airborne survey covers our entire Grasset land package including over 6km of strike length along the Detour Sunday Lake Deformation Zone that has seen no geophysics to date," said Alexander Stewart, Xmet's CEO and Chairman. He continued by saying, "The VTEM and magnetics will test for the similar sulphide mineralization which Balmoral recently discovered on its Grasset project on our western boundary. Xmet is moving along as planned on its Grasset project and is looking forward to its drill program in February 2015."