WOODLAND HILLS, Calif., April 8, 2012 /PRNewswire/ -- XnE, Inc. (Pink Sheets: XNEZ.pk) is pleased to announce results on the BNA Group 19 Tenure Project (the "BNA") in the Slocan Mining District of British Columbia, Canada. The Silver Bell occurrence (Lot 4329) is located at 1,432 meters elevation between Desmond and Kyawats creeks. Kaslo, British Columbia is located approximately 20 kilometers to the northeast.
Results of the Silver Bell occurrence as follows:
14 metric tons producing 43,171 grams or 1,388 oz of silver (Ag at $31.71 per oz), 311 grams or 10 oz of gold (Au at $1,630 per oz), 700 kg of lead (Pb at $1.99 per kg) and 252 kg of zinc (Zn at $1.98 per kg).
Following these promising results and continuation of favorable market conditions, the Company is strongly positioned to become a solid junior exploration and acquisition participant in this historically prolific region.
About the Company
XnE, Inc. is engaged in the acquisition, exploration, and development of precious and semi-precious mineral properties. The Company intends to have an emerging presence in Canada and is currently focused in acquiring and developing properties in the Slocan Mining District area in British Columbia, Canada.
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Ivan-Noe Gourkow, President
6303 Owensmouth Avenue | 10th Floor
Woodland Hills | CA 91367-2263
T: +1 818 936.3283 | E: [email protected]
SOURCE XnE, Inc.