via NEWMEDIAWIRE --
Ximen Mining Corp. (TSX.v: XIM) (FRA:
1XMA) (OTCQB:XXMMF) (the “Company” or “Ximen”) is pleased
to announce its Option Partner GGX Gold Corp (GGX: TSX.v),
(GGXXF:OTCQB), (FRA:3SR2) has begun the spring 2019 diamond
drilling program on the Gold Drop Property, located in Southern
British Columbia.
The drilling program will focus on the C.O.D
vein located in the Gold Drop Southwest Zone. The Company
intersected near-surface, high-grade gold, silver and tellurium
within the C.O.D vein during 2018 diamond drilling, including:
- COD18-67: 129 g/t gold, 1,154 g/t silver & 823 g/t
tellurium over 7.28 meters core length.
- COD18-70: 107 g/t gold, 880 g/t silver & 640 g/t
tellurium over 6.90 meters core length.
Ximen’s option partner is kicking off its 2019
exploration program with drilling on the C.O.D vein (C.O.D stands
for “Continuation of Dentonia”; the Dentonia is another gold-quartz
vein in the camp that was historically mined). The C.O.D vein
was first targeted in 2017. Initial sampling of the vein justified
follow-up trenching and drilling. In 2018, the drilling program
followed on and included a series of holes drilled to the south of
the C.O.D trench that successfully extended the vein for a total
length of nearly 400 meters and intersected high grade
mineralization. The assay results (please refer to the Company’s
website for News Releases announcing these results) include the
following highlights:
Hole ID |
Interval Length |
Gold (gpt) |
Silver (gpt) |
Te (gpt) |
COD17-14 |
16.03 |
4.59 |
38.64 |
|
COD18-3 |
2.1 |
14.62 |
150.2 |
102 |
COD18-26 |
1.4 |
10.3 |
1.09 |
0.2 |
COD18-32 |
1.51 |
3.67 |
67.2 |
30.4 |
COD18-33 |
2.98 |
8.65 |
47.6 |
37.3 |
COD18-34 |
3.41 |
6.16 |
72.4 |
31.0 |
COD18-37 |
3.95 |
8.23 |
67.36 |
38.53 |
COD18-45 |
2.05 |
50.15 |
375 |
|
COD18-46 |
1.47 |
54.9 |
379 |
|
COD18-49 |
1.47 |
9.52 |
118 |
72.2 |
COD18-54 |
1.66 |
7.6 |
60.2 |
34.1 |
COD18-61 |
1.38 |
5.29 |
32.4 |
31.4 |
COD18-63 |
1.17 |
28 |
424.7 |
150.4 |
COD18-67 |
7.28 |
129.11 |
1,154.90 |
823.0 |
COD18-68 |
2.76 |
8.77 |
85.4 |
56.3 |
COD18-69 |
7.46 |
5.76 |
67.9 |
61.2 |
COD18-70 |
6.9 |
107.5 |
880 |
640 |
For 2019, the drilling will be initially aimed
at extending and in-filling the ore shoot of high-grade
gold-silver-tellurium mineralization that was intersected in
2018. Following this, the Everest vein to the south, and the
C.O.D. extension to the north will be drill-tested.
The highlights of the 2018 diamond drilling
program are drill holes COD18-67 and COD18-70 that intersected
near-surface, high-grade gold, silver and tellurium in the southern
extension of the C.O.D vein. COD18-67 intersected 129 grams per
tonne (g/t) gold, 1154 g/t silver & 823 g/t tellurium over
7.28-meter core length while COD18-70 intersected 107 g/t gold, 880
g/t silver & 640 g/t tellurium over 6.90-meter core length
(News Releases of January 11, January 18 and March 18, 2019). The
C.O.D. vein system is open along strike and at depth.
No previous diamond drilling has been completed
at the C.O.D. extension to the north. The 2018 trenching program
exposed numerous vein showings with grab samples up to 15.45 g/t
gold, 159 g/t silver Ag and 114.5 g/t tellurium. A chip sample (0.4
meters long) returned 21.7 g/t gold, 216 g/t silver and 149 g/t
tellurium (News Release of February 27, 2019).
Dr. Mathew Ball, P.Geo., VP Exploration for
Ximen Mining Corp. and a Qualified Person as defined by NI 43-101,
approved the technical information contained in this News
Release.
Furthermore the company wishes to announce the
addition of Mr. Lloyd Penner to the team, whom will be focusing on
assisting the company with its future plans and aspirations towards
developing its mining activities on its various assets.
Mr. Penner brings many years of experience and knowledge to the
Company, as a large part of his 30 plus-year career has been spent
in the exploration, development, and mining of western Canadian
gold deposits, from the coastal mountains of British Columbia to
the gold camps of northern Canada and as far as west Africa. His
well-rounded skill set includes planning, project organization,
surface infrastructure setup, and conventional underground mining.
His mining career began developing the high grade, narrow veins of
the Bridge River Valley of British Columbia in 1986. Notable
projects to-date include the position of mine manager of the QR
Mine in the British Columbia interior – a 1,000- tonne per day
cyanide operation with multiple underground and open pit mines
operating. Other projects include late stage exploration properties
such as Selkirk Metals’ Ruddock Creek property, Imperial Metals’
Red Chris property, and Avion Gold’s production gold mine in Mali.
His background includes more than eight years of management in
development, exploration, and production in both Africa and British
Columbia. Mr. Penner also has experience working in custom test
mining and exploration management of a narrow vein gold project in
British Columbia. He is familiar with current mining, government
agencies, and environmental regulations in British Columbia, and
holds current UG certifications. Mr. Penner’s knowledge and
experience with the Kenville Gold Mine (having spent several years
assessing it) and with other high grade vein properties like it
makes him an integral component in the success of this venture as
well should the company complete on the opportunity to acquire the
Kenville Gold Mine.
To view the Original News release with pictures
please go to the website or contact the company.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson, President, CEO and
Director
Investor Relations: Mr.
William Sattlegger,
604-488-3900
ir@XimenMiningCorp.com
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in
all three of its precious metal projects. Ximen`s two gold
projects, The Gold Drop Project and Brett Gold Project are located
in southern British Columbia. Ximen also owns the Treasure Mountain
Silver project adjacent to the past producing Huldra Silver
Mine. Ximen is a publicly listed company trading on the TSX
Venture Exchange under the symbol XIM, in the USA under the symbol
XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges
in Germany under the symbol 1XM and WKN with the number as
A1W2EG.
This press release contains certain
"forward-looking statements" within the meaning of Canadian
securities legislation, including statements regarding the
completion of a proposed Offering and the use of the Offering
proceeds to further explore of the Company’s Cerro Caliche project.
Although the Company believes that such statements are reasonable,
it can give no assurance that such expectations will prove to be
correct. Forward-looking statements are statements that are not
historical facts; they are generally, but not always, identified by
the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "aims," "potential," "goal," "objective,"
"prospective," and similar expressions, or that events or
conditions "will," "would," "may," "can," "could" or "should"
occur, or are those statements, which, by their nature, refer to
future events. The Company cautions that forward-looking statements
are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made and they involve a
number of risks and uncertainties. Consequently, there can be no
assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Except to the extent required by
applicable securities laws and the policies of the TSX Venture
Exchange, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause
future results to differ materially from those anticipated in these
forward-looking statements include the possibility that the Company
is not satisfied with its further due diligence investigations and
possibility that the TSX Venture Exchange may not accept the
proposed transaction. The reader is urged to refer to the Company's
reports, publicly available through the Canadian Securities
Administrators' System for Electronic Document Analysis and
Retrieval (SEDAR) at www.sedar.com for a more complete discussion
of such risk factors and their potential effects.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of securities in any state in the United
States in which such offer, solicitation or sale would be
unlawful.
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.
Ximen Mining Corp888
Dunsmuir Street - Suite 888, Vancouver, B.C., V6C
3K4 Tel: 604-488-3900
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