Ximen Mining Provides Status Update of Activities prior to commencement of underground development at its 100% Owned Kenville Gold Mine
Advancing precious metal assets in British Columbia
September 26, 2023 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Mining Provides Status Update of Activities
prior to commencement of underground development at its
100% Owned Kenville Gold Mine
Vancouver, B.C., September 26, 20 23 – 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.
Kenville Mine: Photos of site showing office buildings, parking and workshop.
"We are pleased by the significant progress we have achieved to date in finalizing the conditions
under our current permits. Once these conditions are satisfactorily met, we will commence
development at the Kenville Gold Mine site. In the meantime, as we embrace the virtue of patience,
we remain steadfast in advancing the other 100% owned gold assets in our portfolio. "Our strategic
efforts position us optimally for the anticipated resurgence in the gold sector, which, with a little
luck, will help shed light as we navigate the current market challenges," stated Anderson, CEO of
Ximen Mining Corp
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The Company is steadfastly working with its consultants to complete the engineering studies that
are required prior to starting mine development.
Activities completed:
• Hydrogeological assessment completed and sites selected for two ground water
monitoring wells. Proposed sites submitted to regulatory authority for approval.
• Engineering assessment completed for contact water capture and conveyance for area of
new portal and rock dump.
• Engineering assessment of drainage channel completed. As a result of this study and
requirements associated with a required water licence, a new road crossing and new
discharge point are now required. The initial design has been completed. An application
for an archaeological permit to investigate the new discharge site was submitted.
On-going Technical Activities
• Waiting on final approval drill monitoring wells and install groundwater monitoring
equipment.
• Finalization and approval of road crossing design. Archaeology permit to be obtained to
conduct archeological supervision at new discharge point prior to construction (Estimated
4 months from submission ).
• Mine water conveyance pumping system engineering design underway to be finished .
• Complete mine engineering detailed design drawings for mine excavations including drill
cut-outs, re-muck cut-outs, safety bays and sumps.
• Completion of Geotechnical stability assessment of existing mine-site building
foundations and mine roads.
• Completion of Geotechnical design for 2 historic portals and new portal closures.
• Obtain explosives storage and use permit. Discussion held with regulatory officer
indicates site inspection and final use permit to be completed close to commencement of
operations.
• On-going water flow monitoring.
The process of completing all the above technical works is required prior to commencing the start
of underground development. The Company is fully committed to addressing these items in a
timely and efficient manner and is very much looking forward to then starting the underground
mine development on the 100% Company owned Kenville Gold Mine no matter the weather or
the season.
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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.
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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 similar expressions, or that events or conditions "will," "would,"
"may," "can," "could" or "should" occur, or ar e 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 ca use
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