Advancing precious metal assets in British Columbia
Advancing precious metal assets in British Columbia
May 31, 2023 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Kenville Gold Mine
Activity Update
Historic gold Mining District
Nelson BC
Vancouver, B.C., May 31, 2023 – Ximen Mining Corp . (TSX.v: XIM) (FRA: 1XMA) (OTCQB:
XXMMF) (the “Company” or “Ximen”) is pleased to provide an update on activities at its Kenville
Gold Mine project in southeastern BC.
Ximen Mining Corp News Release
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The Company has received its final permits under the Mines Act and Environmental Management
Act and is now commencing engineering and other technical studies to meet conditions specified
in the permits that are required prior to starting mine development. Current activities include:
• Hydrogeological assessment and selection of sites for two ground water monitoring wells.
The wells will be drilled once the selected sites are approved.
• Commissioned engineering design of contact water capture and conveyance for area of
new portal and rock dump.
• Initial engineering review and assessment of drainage channel.
• Filed application for explosives storage and use permit. Site inspection to be arranged.
• Initiated mine engineering detailed design drawings for mine excavations including drill
cut-outs, re-muck cut-outs, safety bays and sumps.
• On-going water flow monitoring.
Kootenay River Dam – Power Source for the Development of the Kenville Gold Mine
The engineering and environmental works are required to be completed and approved prior to
starting underground mine development. The Company is addressing these items concurrently in
anticipation of starting underground as soon as possible.
Ximen Mining Corp News Release
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Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., a
Qualified Person as defined by National Instrument 43-101 and VP Exploration for Ximen Mining
Corp.
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 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
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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, es timates 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.
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