Ximen Has Completed Compiling and Analyzing of All Previous Exploration Data Brett Gold Property, Vernon, BC
14 Mai 2014 - 9:06AM
Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") is
pleased to announce that the GIS compilation of historic data on
the Brett property is complete. This is the first time that the
complete property dataset has been available in digital,
geographical format, to allow robust analysis, interpretation and
development of a good geological model for mineralization on the
property. Ximen has entered into confidentiality agreements with
several interested parties and will be sharing the property
database with these parties for their independent evaluation.
Collar and down hole lithological, structural, alteration and
analytical data for 131 historic drill holes was entered into the
database using information from original drill logs. Gold
and/or multi-element analytical data for over 6800 individual soil
samples collected from the property between 1984 and 2004 was also
compiled into the GIS dataset, which includes digital topographic
and orthophoto base maps.
Preliminary analysis of the compiled data has revealed the
following:
- alteration is well zoned around high gold zones in drill core
and provides a vector to mineralization
- an elevation control to mineralization is implied and suggests
that much of the previous drilling was too shallow to effectively
test the high-gold portion of the system
- gold and silver are strongly correlated
- clay mineralogy is an important aspect of understanding zoning
within the system and, in particular, vertical position
- new unrecognized structural trends are suggested, including
flat to low-dipping faults, which may either control or off-set
mineralization
- 65% of the property is well covered by existing soil
geochemical surveys
- several strong gold and/or multi-element (Au, Ag, As, Bi, Mo,
Sb) soil anomalies exist which are untested by any previous
trenching or drilling
- several gold and/or silver soil anomalies remain open to the
east, in a portion of the property without soil geochemical
coverage
Ximen has started the 2014 work program on the Brett
property. The program will include geological mapping and
select core re-logging, a ground magnetometer/VLF-EM survey,
prospecting and soil sampling to follow-up targets generated by the
compilation work, to refine the geological model and to prioritize
targets for follow-up drill testing later in 2014.
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.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director, Ximen
Mining Corp.
For further information, please contact Ward Kondas
604-488-3900 or by email at ward@ximenminingcorp.com.
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.
Ximen Mining (TSXV:XIM)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Ximen Mining (TSXV:XIM)
Historical Stock Chart
Von Dez 2023 bis Dez 2024