Ximen Begins Survey and Ground Magnetometer Work Brett Gold Property, Vernon, BC
June 04 2014 - 3:06AM
Ximen Mining Corp. (the "Company" or "Ximen") (TSX-V:XIM)
(OTCQX:XXMMF) is pleased to announce that the ground
magnetometer/VLF-EM survey on the Brett property is underway. Scott
Geophysics has mobilized to the property and has begun the first
ever geophysical survey on the claims. A minimum of 50 line
kilometers of ground geophysics is planned, with 2 km long, 50
metre spaced east-west lines covering the southern part of the
property.
The survey is designed to identify structures and zones of
magnetite destructive alteration related to the epithermal gold
system. The east-west oriented survey lines allows a good
test of possible north, northwest and northeast trending
structures, any of which could be important conduits for
mineralization. The known Main Shear/RW zone will be covered
by the geophysical survey, to provide an example of the
geophysical signature that can be expected over this style of
mineralization. The success of the geophysics at delineating
structures and alteration zones will be evaluated after the initial
50 line-km has been completed, and if warranted, the survey will be
extended to cover additional ground to the north. However
since new discoveries have been made by the Ximen field crew as
announced yesterday the survey will be expanded to 70 line-km.
Currently 35 line-km have been completed.
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. Recently the company has entered into a
due diligence agreement with Huldra Silver Inc. for the purposes of
determining the feasibility, terms and conditions of a proposal for
the acquisition of Huldra Silver. 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 as well in
the USA on the OTCQX 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: For further information, please contact Ward Kondas
604-488-3900 or by email at ward@ximenminingcorp.com
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