more good news

Yeah i know - some here will bag this as yet another ramp

But - the fact of the matter is - that this share represents a real blue-sky opportunity for exposure into a needy resource sector with what may be a 100 mt - 250 mt coal resource of high quality in a very accessible area.

Pertinent reqouce data appears imminent.

And now -

LOW STRIP RATIO POTENTIAL AT HINTON COAL PROJECT
The Board of Xenolith Resources Limited (“Xenolith” or “Company”) is pleased to advise that preparation of the initial Coal Resource estimate at the Hinton Coal Project (“Project”) is continuing to progress well and is expected to be completed in early June.

Importantly, further work completed by independent consultants on the Project has confirmed that the known coal seams on the Project’s eastern leases (“Hinton East”) have a mean dip to the northeast of 7o with the majority of dips within a range of 4o to 9o. This confirms the potential for a low strip ratio, low cost, open pit thermal coal operation and a scoping study based on these parameters will commence once the resource is available.

As previously announced, considerable drilling and exploration activities undertaken on the Project by Esso in the 1980’s have formed the basis for the preparation of an initial Coal Resource for the Project (in accordance with the JORC Code and NI 43-101) by Moose Mountain Technical Services (“MMTS”). MMTS have had a long association with coal properties in the Hinton region and are considered to be amongst the most respected coal experts in western Canada. They have an extensive client base of major coal companies including Teck Cominco, Mitsui, Western Canadian and Anglo Pacific.