Ximen's Trenching Continues; New Discovery Reveals Visible Gold, Gold Drop Project, Greenwood BC
25 Juin 2014 - 1:20AM
Ximen (TSX-V:XIM) (OTCQX:XXMMF) is providing an update of
activities on the Gold Drop property near Greenwood.
On the southern (Gold Drop) portion of the vein system, a vein
with coarse visible gold has been discovered in outcrop. Trenching
will attempt to trace this vein to the southwest, beyond the limits
of any historical surface or underground exploration. Results are
pending for samples collected from this new discovery.
Trenching is continuing to expose the Gold Drop-North Star vein
system for systematic representative sampling, with the objective
of identifying select areas along the structure for an upcoming
bulk sample program. Initial work has focused on the northern
(North Star) portion of the system, which has been traced
intermittently on surface for a strike length of 315
meters. Several historic prospect pits and shallow exploration
shafts are located along this northern part of the vein
system. Ximen is attempting to expose the vein by excavator
trenching in the vicinity of these historic prospect workings, and
in areas between the old pits, where the depth of overburden was
prohibitive for the historic workers. Where the current
excavator cross-cut trenching exposes the vein and the vein is
attractive in mineralization and true thickness, trenching is being
done along the strike of the vein. To date, one trench has
exposed the vein continuously along strike for 40 meters. In
this exposure, the vein varies in true width from several 10's of
centimeters up to 2 meters. It is a massive low-sulfide quartz
vein, with local patchy galena, chalcopyrite and possible
tellurides. Results are pending for channel samples collected
across the width of the vein in this trench. Results are also
pending for samples collected from historic vein exposures in this
portion of the North Star vein.
To date, 40 rock samples have been collected from trenches and
historic workings on the Gold Drop property and have been shipped
to ActLabs in Kamloops for preparation and analysis.
Prospecting is ongoing to look for additional mineralized quartz
vein occurrences, for sampling and testing by excavator
trenching.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two
projects, Gold Drop Project and Brett Gold Project located in
southern British Columbia. Ximen is a publicly listed company
trading on the TSX Venture Exchange under the symbol XIM, and is
listed on the Frankfurt, Munich, and Berlin Stock Exchanges in
Germany under the symbol 1XM and WKN number is A1W2EG, and trading
on the OTCQX marketplace in the U.S. under the symbol XXMMF.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director, Ximen
Mining Corp.
This press release includes certain statements that may be
deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
future exploration drilling, exploration activities and events or
developments that the Company expects, are forward looking
statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include exploitation and exploration
successes, continued availability of financing, and general
economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CONTACT: Ward Kondas
604-488-3900 or by email at ward@ximenminingcorp.com
Ximen Mining (TSXV:XIM)
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