Ximen Starts Field Program
Advancing precious metal assets in British Columbia
May 27, 2022 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Starts Field Program
Nelson Gold Camp
Nelson BC
VANCOUVER, BC / ACCESSWIRE / May 27, 2022 / Ximen Mining Corp.
(TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the “Company” or “Ximen”) announces that
has kicked off its 2022 exploration programs starting with the Nelson property in southeastern BC.
Ximen Mining Corp News Release
Ximen now controls approximately 21,300 hectares of mineral properties near Nelson, BC,
covering 57 mineral occurrences including the Kenville gold mine. The 2022 field program
commenced this week. Initial work will include sampling of the Wilcox mine dump, thickness
measurements of the Wilcox tailings, collection of a bulk tailings sample of tailings for
metallurgical testing, and determination of the bulk density of tailings. Soil sampling will resume
where the 2021 program stopped once the snowpack has melte d. Drilling is planned for the
California gold mine later in the season.
Sampling at Wilcox Mine Area
The 2022 program will follow on from work done last year. In 2021, geochemical sampling was
conducted at the Wilcox tailings, rock sampling was done at the Protection mine dump, and soil
sampling was done south of the Kenville mine. Work also included and construction of exploration
trailer camp and facilities.
The Wilcox tailings sampling program (128 samples ) outlined a gold bearing tailings deposit
extending approximately 500 metres in length and 100 metres wide and covering an estimated area
of 67,000 square meters that extends from an historic mill site (figure below). The arithmetic
average gold grade is 2.39 grams per tonne Au.
Ximen Mining Corp News Release
Rock sampling of the Protection dump consisted of 39 composite samples collected on a 10 x 10
meter grid (see figure below). Average grades of the samples are 9.5 grams per tonne gold, 47.5
grams per tonne silver, 1.13% lead, 1.37% zinc. The mine dump has an area of roughly 2,717
square metres.
Wilcox Tailings Gold PPM
Aerial view of Protection dump.
Ximen Mining Corp News Release
Protection Mine Dump
Soil sampling was done on a grid extending south from the Kenville mine. Results included
elevated results for gold (values ranged up to 0.487 ppm Au), silver (values ranged up to 7.97 ppm
Ag), and copper (values ranged up to 2590 ppm Cu). Anomalies for gold occur near the Kenville
property boundary and around the Jackpot occurrence property (see figure below). Silver values
were elevated mostly in the southeast and east of the sample grid, forming three northwest trending
anomalies (400 meters long by 200 meters wide each); Copper values show an anomaly (400 x
400 meters) in the south -central part of the sampling grid, in between the Mor 1, Eureka and
Central occurrences.
Readers are cautioned that historical records referred to in this News Release have been examined
but not verified by a Qu alified Person. Further work is required to verify that historical records
referred to in this News Release are accurate.
Ximen Mining Corp News Release
Map of 2021 Nelson soil grid results for gold (ppm).
Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., President
of the Company and a Qualified Person as defined by National Instrument 43-101,
Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualifie d 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]
Ximen Mining Corp News Release
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 n 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 also 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.
Ximen Mining Corp News Release
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 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 num ber 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.
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
SOURCE: Ximen Mining Corp