InvestmentPitch Media Video Discusses Ximen Mining’s Shareholder Update on the Status of the Long Awaited Permits for its Kenville Gold Mine in British Columbia, on Track to be One of BC’s Greenest Gold Mines
20 Dezember 2022 - 12:00PM
Ximen Mining (TSXV:XIM) (OTCQB:XXMMF) (FSE:1XMA) ), on track to be
one of British Columbia’s greenest gold mines, updated shareholders
on the status of the long awaited permits for its Kenville Gold
Mine in British Columbia. Following a December 8th call with the
company’s liaison officer at Major Mines of British Columbia, the
company is expecting two permits, one from the Ministry of Energy,
Mines and Low-Carbon Innovation, and one from the Ministry of
Environment.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
For more information, please view the
InvestmentPitch Media video which provides additional information
about this news and the company. The video is available for viewing
on “InvestmentPitch” and on
“YouTube”. If these links are not enabled, please
visit www.InvestmentPitch.com and enter “Ximen” in
the search box.
The Draft Permit from the Ministry of Energy and
Mines, which is basically complete and anticipated any day, is
finalizing specifics related to the permit area and the amount of
reclamation bond required. Management expects that the area will be
directly related to its 100-year-old owned Crown Grants that cover
both surface and underground rights, as well as additional rights
related to these Crown Grants. The Draft Permit from the Ministry
of Environment is also expected any day.
Both permits come with conditions, including a
brief review period, prior to the final sign off by Ximen before
the Final Permit to commence work is issued. The power to the site
is hooked up and will come from the nearby Kootenay Dam. All
drilling will be contained in the underground development using
pneumatic drills with compressors and lines all installed and ready
to be deployed.
Christopher Anderson, President and CEO, stated:
“We are all part of a diverse natural community here in the
Kootenays and its important that we all do the best we can as
custodians to preserve the beauty and nature that is in our trust,
while providing opportunities for our families and the community as
a whole.”
It is management’s objective to preserve this site
as it has been for the last 100 years and create many impactful,
meaningful and well-paying jobs for the region, as well maintain a
small environmental footprint, aiming to be one of the greenest
gold producers in BC and a leader in the industry.
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.
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.
The market liked the news, with the shares trading
at $0.11, up 100% on the day. 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.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of
video, which together with its extensive distribution, positions a
company’s story ahead of the 1,000's of companies seeking awareness
and funding from the financial community. The company specializes
in producing short videos based on significant news releases,
research reports and other content of interest to investors.
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
InvestmentPitch Media Ltd., through its media services is not to be
construed as a recommendation or suggestion or offer to buy or sell
securities but is provided solely as an informational media
service. InvestmentPitch Media Ltd makes no warranties or
undertakings as to the accuracy or completeness of this
information. All due diligence should be done by the viewer or
their financial advisor. Investing in securities is speculative and
carries risk.
CONTACT: InvestmentPitch Media Barry Morgan, CEO
bmorgan@investmentpitch.com
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