Ximen Receives Permit to Drill Brett Epithermal
Advancing precious metal assets in British Columbia
August 5, 2020 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Receives Permit to Drill Brett Epithermal
Gold-Silver Property
Vancouver, B.C., August 5, 2020 – Ximen Mining Corp . (TSX.v: XIM) (FRA: 1XMA) (OTCQB:
XXMMF) (the “Company” or “Ximen”) is please d to provide the following update on its Brett
property near Vernon in southern British Columbia.
Ximen recently received approval for surface drilling at its Brett property. A proposal for
surface drilling was made to the Ministry of Mines earlier this year to allow work on the property
to continue while the Ministry completes their review an underground exploration proposal that
was filed last year. The purpose of the surface drilling program is to extend the known bonanza
grade zones and test for lower grade, bulk mineable targets.
The Brett epithermal gold deposit is located 30 kilometres west of Vernon, in southern B.C.
Ximen acquired the property late in 2013, and in 2014 acquired a dditional adjoining claims .
Land holdings in this area now total 20,000 hectares.
Previous work on the Brett property
was primarily from the early 1980’s
through to 2004 and included over
15,000 metres of diamond drilling that
resulted in discovery of several zones
of epithermal-style gold mineralization
with an approximate ratio of silv er to
gold of 2:1 . Exploration work by
Ximen included ground
magnetics/VLF-EM, soil geochemistry,
biogeochemistry, rock sampling,
geological mapping, induced
polarization and diamond drilling in
2014, followed by a second round of
drilling in 2016.
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The 2014 program discovered t wo new gold -bearing zones, with results including 34.18 g/t Au
over 0.9 m from one zone and 16.7 g/t Au over 1.5 m from the second. Significant intervals of
bulk tonnage gold mineralization were also intercepted, including 1.77 g/t Au over 31m, 1.88 g/t
Au over 16.55m and 0.82 g/t Au over 33m. The 2016 program resulted in drill hole intercepts
including 18.95 g/t Au over 1m, 3.13 g/t Au over 1.1 m, 13.35 g/t Au over 0.58 m 5.7 g/t Au
over 0.5 m in holes 16-1, 2 , 11 and 17 respectively.
The Main Zone is where most of the previous exploration work was focussed and where high -
grade epithermal gold mineralization has been defined. In 1993, reverse circulation hole RC93-
19 returned a significant intersection of 16.76m grading 35.79 g/tonne Au (1.045 oz Au/ton)
including 3.048 m grading 57.88 g/tonne Au (1.69 oz/ton Au ) and 4.57 m grading 107.88 g/ton
Au (3.15 oz/ton Au) within the Main Zone. This sparked the 1994-5 program of exploration that
included an underground adit that was driven 250 m to access the Main Zone , and extraction of
BRETT
Afton
New Afton
Ajax
Brenda
Craigmont
Highland Valley
50 km
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270 tonnes of mineralization (grade not report ed). In 1996, surface mining of the Main zone
resulted in a shipment of 291 tonnes to the Cominco smelter at Trail, BC that returned an average
grade 27.74 gms Au/tonne and 63.7 gms Ag /tonne (Silver to gold ratio = 2.27). Ground
magnetic surveys indicate t he Main Zone is marked by a northwest-trending magnetic low
anomaly.
A larger magnetic low anomaly occurs west of the Main Zone and is open to the west beyond the
limits of the survey. This anomaly is coincident with a multi-element Au-Ag-As-Hg-Mo-Sb-Se-
Te-Tl soil anomaly that extends over an area of approximately 250 m north -south by 100-200 m
east west. The anomaly remains open to the north, south and west, beyond the limits of the
survey.
Another large, strong magnetic low anomaly occurs in the northeast that measures 1.1 x 1.1 km
and encompasses strongly altered rocks at the Gossan Zone. A 1 km long, strong north south
trending IP chargeability anomaly was also defined at the Gossan Zone. The Gossan Zone is a
large area of intense silicification and advanced argillic alteration.
Magnetic Survey Map over Brett Topography
An application for underground exploration development was made in 2019 and is still being
reviewed. The proposed development program includes extension of the current mine for up to
200 metres and underground drilling from the existing workings and the new drift. The purpose
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is to explore the Main Zone to the northwest where significant gold intercepts were intersected in
surface drill holes.
Photo of Brett Mine portal
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The table below lists significant diamond drill intercepts reported to date from the Brett Property:
Drill Hole From To Interval Gold Visible Gold
metres metres metres g/t Gold oz/t
86-04 10.52 11.89 1.37 8.89 vg 0.26
86-09 47.24 48.77 1.53 8.21
0.24
86-15 41.15 42.98 1.83 9.74 vg 0.28
86-16 58.52 60.05 1.53 10.29 0.30
87-29 45.65 47.25 1.60 78.51 2.29
87-29 52.10 54.25 2.15 16.56 0.48
87-37 68.00 69.00 1.00 7.12 0.21
87-42 79.55 81.00 1.45 62.06 1.81
87-45 66.00 67.00 1.00 7.54 0.22
87-47 74.70 76.70 2.00 15.64 0.46
88-51 38.10 40.29 2.19 18.51 0.54
88-61 71.29 72.21 0.91 9.53 0.28
89-103 90.40 91.60 1.20 15.26 0.45
89-80 80.14 81.69 1.55 7.21 vg 0.21
89-80 104.65 106.02 1.37 6.93 0.05 0.20
89-89 186.42 188.37 1.95 9.56 0.28
89-91 134.51 137.36 2.85 24.92 0.73
89-92 130.15 131.29 1.14 54.51 1.59
89-97 143.57 144.77 1.20 15.33 0.45
89-99 162.95 164.20 1.25 9.44 0.28
04-01 45.57 46.48 0.91 39.40 vg 1.15
04-06 107.50 108.80 1.30 11.35 0.33
04-12 148.90 150.20 1.30 168.48 4.91
04-16 34.50 36.00 1.50 9.53 0.28
14-01 47.00 49.20 2.20 7.31 0.21
14-01 146.95 147.85 0.90 34.18 1.00
14-04 47.30 78.30 31.00 1.77 0.05
including 54.90 56.20 1.30 24.70 0.72
14-05 51.00 84.00 33.00 0.82 0.02
14-05 141.45 158.00 16.55 1.88 0.05
14-13 174.50 179.50 5.00 7.29 0.21
including 176.00 177.50 1.50 16.70 0.49
16-01 90.83 91.83 1.00 18.95 0.55
16-11 62.00 62.58 0.58 13.35 0.39
16-17 139.00 139.50 0.50 5.70 0.17
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The table below lists significant intercepts for reverse circulation drill holes from the Brett
Property:
Drill From To Interval Gold Visible Gold
Hole meters meters meters g/t Gold oz Au/t
R88-22 96.00 100.60 4.60 8.36 0.244
R88-22 96.01 123.75 27.74 2.88 vg 0.084
R88-24 68.58 97.54 28.96 1.85 vg 0.054
R88-24 88.00 89.00 1.00 7.77 vg 0.227
R88-31 19.00 31.00 12.00 1.99 vg 0.058
R88-32 19.81 36.58 16.76 4.66 0.136
R88-32 21.35 22.85 1.50 5.86 vg 0.171
R88-33 32.00 39.60 7.60 1.71 0.050
R93-4 10.67 12.19 1.52 72.14 vg 2.104
R93-6 10.67 12.19 1.52 19.95 0.582
R93-11 39.62 42.67 3.05 6.75 0.197
R93-12 35.05 36.58 1.52 63.01 vg 1.840
R93-12 42.67 44.20 1.52 41.44 vg 1.210
R93-12 39.62 45.72 6.10 13.09 0.382
R93-12 60.96 64.01 3.05 7.12 0.208
R93-12 53.34 64.01 10.67 3.87 0.113
R93-15 41.15 42.70 1.55 17.97 0.524
R93-16 36.58 38.10 1.52 23.70 vg 0.692
R93-17 32.00 33.53 1.52 13.97 0.408
R93-17 38.10 39.62 1.52 94.18 vg 2.750
R93-17 38.10 41.15 3.05 56.16 vg 1.640
R93-19 30.48 47.24 16.76 35.79 vg 1.045
R93-19 53.34 54.86 1.52 9.69 0.283
Readers are cautioned that historical records referred to in this News Release have been examined
but not verified by a Qua lified Person. Further work is required to verify that historical records
referred to in this News Release are accurate.
Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as
defined by NI 43-101, approved the technical information contained in this News Release.
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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]
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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.