WOODLAND HILLS, Calif., April 5, 2012 /PRNewswire/ -- XnE, Inc. (Pink Sheets: XNEZ.pk) is pleased to provide the following update on activities around its BNA Property in the Slocan mining district of British Columbia, Canada which is one part of the 400 km long highly mineralized area known as the "Kootenay Arc".
Since the turn of the 20th century, mining companies in the "Kootenay Arc" have discovered numerous high grade silver and lead deposits with variable concentrations of gold. As a result, area around Company's BNA Property is currently being extensively explored and developed by many known publicly traded and private companies such as Cream Minerals Ltd., Klondike Silver Corp., Anglo Swiss Resources Inc., Eagle Plains Resources Ltd., Kingsman Resources Inc., West High Yield Resources, Torch River Resources, Providence Resources Corp., and Jazz Resources Inc. to name a selected few.
The Company strongly believes that the strategic location of the BNA Property provides an extraordinary opportunity to develop high grade silver veins in the near future. This will be the Company's first step towards becoming 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.