InvestmentPitch Media Video Discusses Ximen Mining’s Infrastructure Preparation as it Sets Up Mining Camp in Anticipation of the Upcoming New Portal Development at its Kenville Gold Mine
01 April 2022 - 12:00PM
Ximen Mining (TSXV:XIM) (OTCQB:XXMMF) (FSE:1XMA) has successfully
secured and ordered key supplies and equipment, in spite of supply
shortages and shipping delays, in anticipation of the upcoming new
portal development at its Kenville Mine.
The company’s 100%-owned Kenville Gold Mine
project at Nelson in southeastern British Columbia, was the first
recorded underground mine in British Columbia, having started
production in 1890 and mined into the 1950’s. The historical
production records show 65,381 ounces gold produced from 158,842
tonnes milled, for a recovered grade of 12.8 grams per tonne, or
0.37 ounces per ton gold, although management cautions that these
are historic estimates and should not be treated as current mineral
resources.
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about this news and the company, along with video comments from
Chris Anderson, President and CEO of Ximen Mining. The video is
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Surrounding and extending from Kenville mine, the
company currently controls 20,749 hectares of mineral properties
along a 33-kilometre stretch of fertile ground. Ximen will be
exploring this package, which covers 25 historic past-producing
mines and 30 mineral occurrences in the Nelson mining camp, to
extend the Kenville deposit and/or discover new resources.
In 2009, previous operators conducted detailed
sampling on the 257 Level of the Kenville mine and based on the
results, an historic mineral resource was estimated, showing 16,289
ounces gold in the measured and indicated categories, along with
356,949 ounces gold in the inferred category. Significant
additional diamond drilling was conducted between 2009 and 2012,
which identified at least 4 new veins with potential strike lengths
of over 700 metres.
In 2021, Ximen engaged Micon International
Limited, which, following the review of available information,
identified two areas where existing drilling could be upgraded to
be sufficient for estimation of mineral resources. Micon
recommended an estimated 1,800 metres of drilling in 18 drill holes
at a spacing of 20 metres should be drilled from underground in the
new decline. This drilling is anticipated to appropriately outline
material for a proposed bulk sample upon receipt of the final
permits.
Ximen also owns 100% of three precious metal
projects located in southern BC, the Amelia Gold Mine, the Brett
Epithermal Gold Project, and the Treasure Mountain Silver Project
adjacent to the past producing Huldra Silver Mine. Currently, the
Treasure Mountain Silver Project is under an option with the option
partner making annual staged cash and stocks payments as well as
funding the project.
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
The information in this InvestmentPitch Media Ltd
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
information that is publicly available. Any information provided by
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