
XnE, Inc. Announces Results from the BNA Group 19 Tenure Project
WOODLAND HILLS, Calif., March 13, 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 BNA occurrence (Lot 5994) is located east of Kyawats Creek, 750 meters south of it confluence with Keen Creek. Kaslo, British Columbia is about 20 kilometers to the northeast.
Results of the BNA occurrence is as follows; 16 metric tons of ore producing 39,940 grams of silver, 31 grams of gold and 473 kg of lead.
Following these promising results and continuation of favorable market conditions as silver prices are up over 20% year-to-date, the Company believes that the BNA project should have a major positive impact on the net asset value and improvement on the future free cash flow of the Company.
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.
Forward-Looking Statement
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.
Contact:
Ivan-Noe Gourkow, President
XnE, Inc.
6303 Owensmouth Avenue | 10th Floor
Woodland Hills | CA 91367-2263
T: +1 818 936.3283 | E: [email protected]
SOURCE XnE, Inc.
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