Ximen Starts Exploration at its Amelia Gold Property
Advancing precious metal assets in British Columbia
June 28, 2020
TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Starts Exploration at its Amelia Gold Property
Vancouver, B.C., June 28, 2020 – Ximen Mining Corp . (TSX.v: XIM) (FRA: 1XMA) (OTCQB:
XXMMF) (the “Company” or “Ximen”) is pleased to provide an update on its Amelia Gold Mine
project near Mt. Baldy in southern British Columbia. The Amelia property has excellent potential
for gold resources within trucking distance of a gold processing facility at Greenwood, B.C.
Prospecting and mapping of the Amelia Gold property has started, with the aim of generating new
targets for trenching and drilling that will be used for permitting for drilling later this season. Field
work involves detailed prospecting and mapping to evaluate all the known and unrecorded mineral
occurrences and seek out new mineralization. The majority of the Amelia Property is under-
explored by modern methods , and t here is excellent potential to define gold resources on the
Cariboo-Amelia vein below the historical mine workings and along strike of the historic mining
area. Aside from the m ain Cariboo-Amelia vein, t here are parallel vein structures that have not
been adequately examined or evaluated. There are also other near surface targets that can be tested
using geochemistry and trenching. Exploration drilling will be designed to define and outline
mineral resources near-surface initially, then test below the historical mine workings, and finally
test along strike and parallel to the Cariboo-Amelia vein. Geochemical surveys will be done to the
west of the past surveys to identify new targets.
There is even a possibility of finding lost gold bars ! (see “Lost Bonanzas of Western Canada”,
Garnet Basque, ed., 2006).
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(location map modified from “Lost Bonanzas of Western Canada”, Garnet Basque, ed., 2006).
The claim group is easily accessible by a network of paved and all-weather gravel roads. The area
has exceptional infrastructure available to enhance the rapid development of mineral deposits ,
including n atural gas pipeline s and high -voltage hydroelectric transmission lines that cross the
property.
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Amelia Gold Property map showing Ximen’s holdings in red.
Photos from 2020 prospecting at the Amelia property showing old mine workings and
outcropping gold-quartz vein.
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The Amelia Gold Property has a long history of mining and exploration dating back to the late
1800’s. The general area, originally known as Camp McKinney , is host to fifteen known
polymetallic and precious metal quartz vein, skarn and placer mineral occurrences on the property.
The Cariboo-Amelia produced 124,452 tonnes ore, of which 112,254 tonnes was milled on-site
for recovery of 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead and
198,140 pounds of zinc. The average recovered gold grade was 24.68 grams per tonne gold . The
historical record of the property is summarized below.
1860 Placer gold and platinum were discovered in Rock Creek and its tributaries in 1860. Lode
gold was discovered in the area in 1884. The Cariboo vein was discovered and initially developed
in 1887, and a 10-stamp mill was erected.
1894-1897 Shafts and workings were developed on parallel veins discovered at Anarchist,
Kamloops vein and Big Bug.
1898 - 1903 Cariboo-Amelia Mine milling capacity was increased by an additional 10 stamps.
The mine consisted of seven levels, a 110-meter vertical shaft and a 165-meter winze.
1898 - 1999 The Pandre vein was discovered and initial mining was completed on the property.
Several shafts, pits and trenches traced the vein for 640 meters.
1899 A 53-meter shaft with 3 levels was completed on the Sailor vein.
1900 A 5-stamp mill was erected and ran for three weeks at the Minnie Ha-Ha claim.
1934 5 diamond drill holes were done to explore the western extension of the Cariboo vein.
1935 The Gold Hill vein was developed.
1939 Pioneer Gold Mines optioned the Cariboo -Amelia Mine and dewatered it , drilled 3
underground holes and 8 surface diamond drill holes to explore the eastern extension of the Cariboo
vein.
1940 Pillars and stope remnants above the Tunnel Level were mined at the Cariboo-Amelia Mine.
Development work was done on the Wiarton vein.
1942 - 1946 The Cariboo-Amelia Mine was dewatered to No. 2 Level and pillars mined.
1957 The eastern fault extension of the Cariboo vein was located by surface diamond drilling.
1958 The Cariboo-Amelia Mine was dewatered the mine and a 73-meter crosscut was driven and
18 meters drifted on the eastern vein.
1961 A new shaft (152 meters) and No. 5 and No. 6 Levels were developed at the Cariboo-Amelia
Mine.
1962 No. 6 Level of the Cariboo-Amelia Mine was extended to the east. Diamond drilling did
not locate additional ore.
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1980 to 1986 Geophysical and geochemical surveys were competed over the Sailor and Minnie
Ha-Ha claims, and 4 diamond drill holes were completed on the Anarchist claim , and geological
and geophysical surveys, trenching and rock sampling were done at the Cariboo-Amelia mine
1987 A surface-drilling program (600 meters) was done at the Cariboo-Amelia Mine to locate the
eastern extension of the Cariboo vein. The program discovered a vein on the Wiarton crown grant.
2002 - 2003 Biogeochemical bark surveys were done south and east of the Cariboo -Amelia Mine
encompassing the eastern extension of the Minnie -Ha-Ha vein. Anomalies were generated and
tested by trenching.
Geologically, the Amelia Gold Property is underlain by interbedded Carboniferous to Permian age
Anarchist Group metasediments including calcareous and argillaceous quartzite, greywacke,
limestone and locally micaceous quartzite and calcareous biotite schist with minor associated
metavolcanics. An ultramafic lens is also exposed nearby. Granite and granodiorite of the Middle
Jurassic age Nelson intrusions have intruded the Anarchist Group to the west and south as small
stocks and plugs. The quartz veins on the Amelia property have structural and textural similarities
to mesothermal veins, which typically have great vertical extents . Given the regional distribution
of extensional structures and epithermal mineral deposits , there is also a possibility of epithermal
mineralization in the area.
The Cariboo-Amelia mineral deposit system is defined by a number of different gold-bearing quartz
veins that are scattered throughout the property and nearby claims. In general, the ore deposit strikes
east-west with sub -vertical to steep southerly dips. The mineralized system has a complex
deformational history with a number of different generations of extensional block-faults that cut
and offset the vein.
The figure below is a longitudinal vertical section from the historical records of the Cariboo-Amelia
mine showing new drill target areas.
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Readers are cautioned that historical records referred to in this News Release have been examined
but not verified by a Qualified Person. Further work is required to verify that historical records
referred to in this News Release are accurate.
Dr. Mathew Ball, P.Geo., VP Explo ration for Ximen Mining Corp. and a Qualified Person as
defined by NI 43-101, approved the technical information contained in this News Release.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations: Sophy Cesar, 604-488-3900, [email protected]
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC.
Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also
owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently,
the Treasure Mountain Silver Project is under a option agreement. The option partner is making annual
staged cash and stocks payments as well as funding the development of the project. The company has
recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with
surface and underground rights, buildings and equipment.
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 1XMA and WKN with the number as A2JBKL.
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This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press
release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including
statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. 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 simila r 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 TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. 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.
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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 Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900