InvestmentPitch Media Video Discusses Ximen Mining’s Plans to Begin Drilling this Month at its Amelia Gold Property, One of its Several Active Projects in Southern British Columbia
10 Juin 2022 - 12:00PM
Ximen Mining (TSXV:XIM) (OTCQB:XXMMF) (FSE:1XMA) plans to begin
drilling this month at its Amelia gold property in southern British
Columbia. The Amelia gold property, located near Mt. Baldy in
southeastern British Columbia, is within trucking distance of a
gold processing facility at Greenwood.
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Ximen now controls over 21,450 hectares of mineral
properties in the Greenwood Mining Camp. The Amelia gold property
is located west of Rock Creek and consists of 3,425 hectares of
claims surrounding the historic Cariboo-Amelia gold mine.
Historic production was 81,602 ounces of gold,
32,439 ounces of silver, 113,302 pounds of lead and 198,140 pounds
of zinc. The average recovered gold grade was 24.68 grams per tonne
gold.
The Amelia drill permit is for a total of 38 drill
sites, with 19 sites approved for the first year. Multiple holes
can be drilled from each of the sites, so the permit allows for
approximately 11,400 meters to be drilled this year. Drill holes
are planned initially to test at depth below the mine, followed by
testing for an extension of the veins to the east. In October 2020,
the company reported results from a total of 34 rock chip grab
samples, with 10 of the samples returning significant gold results,
as high as 103 grams per tonne, 3 of which also returned
significant silver results.
Ximen is continuing to advance its conceptual
fast-track development schedule for the Kenville Bulk Sample.
Initially, Micon will create a resource estimate for the new
decline project to support plans for a 10,000-tonne bulk sample.
This new resource estimate, focused on areas not previously
reported on in earlier historic mineral resource estimates, will be
the basis for a new NI 43-101 resource estimate.
In 2009, the previous operator produced a NI
43-101 report, now historic, based on detailed sampling conducted
within the mine which disclosed a Measured and Indicated
resource estimate of 16,289 ounces and an Inferred
resource estimate of 356,949 ounces gold.
Since the acquisition of the Kenville Gold Mine,
Ximen has continued to expand its holdings in the area and has been
submitting applications for exploration permits for the California
and other areas surrounding the Kenville mine property. In addition
to the 100% owned Kenville and Amelia Gold Mines, Ximen Mining also
owns 100% interest in the Brett Epithermal Gold Project. Ximen also
owns the Treasure Mountain Silver Project adjacent to the past
producing Huldra Silver Mine. Currently, the Treasure Mountain
Silver Project is under an option agreement, with the option
partner making annual staged cash and stocks payments as well as
funding the development of the project.
Ximen’s shares are trading at $0.115. For more
information, please visit the company’s website,
www.XimenMiningCorp.com, contact Christopher R. Anderson, President
and CEO, at 604-488-3900. For Investor Relations, contact Sophy
Cesar, at 604-488-3900 or by email at ir@XimenMiningCorp.com.
Disclaimer
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video is for the viewers information only. Ximen Mining has paid a
fee not exceeding $2,000 in cash to have its current news release
produced in video format. The corporate information is based on
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