Xmet has announced the Phase I drilling highlights of the past six months from the Duquesne-Ottoman project.
This drilling has targeted the extension of the present 43-101 resource and the under-explored regions at the property. On September 21, 2010, the latest 43-101 gold mineral resource of the property was released and has produced 2,731,276 tonnes ranging 5.29 g/t gold and 465,000 ounces gold.
The company has targeted the resource extension at the N Shaft, Shaft, South Shaft, Fox and Liz Zones through drilling and 20-20 and Nip Zones through exploration drilling. Xmet has intersected 30 g/t gold as reported in the assay results.
After September 21, 2010, all the drilling results were received and 43-101 resource estimates was released. The results show that the company has targeted the latent gold mineralization, which is contiguous to the present 43-101 resource during the phase 1 drilling. This program has drilled 13,000m. The drilling results are awaited for the final three holes. The significant drilling highlights have embraced Nip and the recent 20-20 Zone that signifies two important and stimulating targets for future exploration.