Xmet Inc XMTTF

RE:RE:RE:Looks Like The Market.....

[juststocks500]

gump132 wrote: Ya this probably won't move much unless some material news comes out. Maybe if they release the details of the EM survey that might generate some buzz. My estimate is that we could have lab results by end of August if the labs are able to process it right away. I guess it also depends on how much drilling they plan on doing before sending the first batch to the lab.

My bad. From the NR exerpt below, Only phase one will be complete by month's end. So if IP then takes another 3 weeks, we won't be drilling until Sept.

The obvious lack of excitement indicates how long this will take. We're in to mid sept for rumours now unless the "ground magnetics" causes an internal stir of excitement.

The ground geophysical program consists of phases, with the ground magnetics component being first followed by ground Induced Polarization and/or ground Electromagnetic to better delineate the target for drilling. The magnetic grid will consist of approximately 36 line km over the ‘All Channel’ Electromagnetic response target.

"We were recently on site at the Blackflake West property and were able to assess that ground conditions and target accessibility are now suitable to carrying out our ground magnetics. This ground magnetic survey will give us a better understanding of the ‘All Channel’ anomaly’s strike and size. Phase one of the ground geophysical program, which is magnetics should be completed and assessed by the end of this month,"