XnE, Inc. Signs Agreement to Acquire Silver Property in the Slocan Mining District
WOODLAND HILLS, Calif., March 9, 2012 /PRNewswire/ -- XnE, Inc. (Pink Sheets: XNEZ.pk) has signed an agreement with ("CVOL") to acquire a silver property ("Project") in the Slocan mining district of British Columbia.
The BNA Group 19 Tenures Project is located approximately 20 km northeast of Kaslo in the Province of British Columbia, Canada. The Project encompasses an area covering 1,250 ha or approximately 3,088 acres historically known as the "Silvery Slocan".
The Slocan mining district is considered a widely mineralized area consisting of silver-lead-zinc ores. The Slocan area is one of the oldest mining areas in the province of British Columbia, Canada and has flourished since the turn of the century. Due to the recent increases in commodity prices and the rise in silver ore value exploration has again become increasingly attractive within the Slocan area.
The company believes that this is an extraordinary opportunity due to the values of recoverable commodities and makes revitalizing this prospect a great first step for XnE. The company's goal is 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
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Woodland Hills | CA 91367-2263
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