Ximen Drilling at Providence Underway
Advancing precious metal assets in British Columbia
Oct. 19, 2020
TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Drilling at Providence Underway
Recent Assays returned up to 25 Oz /Ton Silver
Greenwood BC Historic Mining Camp
Vancouver, B.C., Oct 19, 2020 – Ximen Mining Corp . (TSX.v: XIM) (FRA: 1XMA) (OTCQB:
XXMMF) (the “Company” or “Ximen”) is pleased to announce results from its Providence property
near Greenwood in southern British Columbia.
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Assay results were received recently from field examinations completed at the start of this season
on the Company’s Providence property near Greenwood. Results for a total of 16 rock chip grab
samples and 20 soil samples were received. Two of the rock samples returned significant results.
One grab sample of quartz material from an historic dump of the Providence mine returned values
of 884 grams per tonne silver (25.9 ounces per ton) and 1.36 grams per tonne gold. This sample
also contains 0.23% lead and over 1% (>10,000 ppm) zinc. Another sample collected from the
historic Freemont mine dump returned values of 435 grams per tonne silver (12.7 ounces per ton)
and 4.4 grams per tonne gold, with 0.22% lead.
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Using a gold price of USD$1900 per ounce and a silver price of USD$24 per ounce, the two
samples described above graded 0.37 and 0.29 ounce per ton gold equivalent. Follow-up
exploration is being planned.
Photos of diamond drill on site at Providence property.
The Providence drill program is also underway with 755 metres drilled so far in four holes.
Drilling was done along strike of the historic Providence mine and beneath an historic adit that
was found in 2018. Assay results are pending.
Analyses disclosed in this release were conducted by ALS Global – Geochemistry Analytical Lab
in North Vancouver, BC, Canada. ALS is an independent, fully accredited commercial laboratory.
Gold was determined by the fire assay method using a 50-gram sample weight and ICP finish, with
over-limits checked using a 50 -gram sample weight and gravimetric finish . Other metals were
analyzed as part of a 48-element package using a four-acid digestion and determination by ICP-
MS. Over-limits for silver were determined by the fire assay method using a 50-gram sample
weight and ICP finish, and over limits for silver, lead, zinc and copper by specific four -acid
digestions with ICP-AES finish for high grade materials.
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Photos of prospecting sample sites at historic mines where significant silver values were obtained in rock
chip grab samples: Providence mine (left) and Freemont mine (Right).
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.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
Investor Relations: Sophy Cesar, 604-488-3900, [email protected]
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About Ximen Mining Corp.
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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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.
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 similar expressions, or that events or conditions "will," "would," "may," "can," "could"
or "should" occur, or are those st atements, 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 ris ks 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 applicabl e 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.
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