Ximen Mining Hole 8 intersects McKinney Vein again
Advancing precious metal assets in British Columbia
December 12, 2023 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Mining Hole 8 intersects McKinney Vein again
Amelia Gold Project
Camp McKinney, BC
Vancouver, B.C., December 12, 2023 – Ximen Mining Corp . (TSX.v: XIM) (FRA: 1XMA)
(OTCQB: XXMMF) (the “Company” or “Ximen”) announces information from its eighth drill hole
at the Amelia Gold project in Camp McKinney near Rock Creek in southern BC.
Photo of drill being moved to next drill site.
Ximen has now drilled eight holes to test the extension of the historic Cariboo-Amelia gold mine
in Camp McKinney in the Greenwood Mining Division, BC. The Cariboo-Amelia mine was BC’s
first dividend paying gold mine. Over its 68 -year history, the mine produced 81,602 ounces of
gold and 32,439 ounces of silver from 112,254 tonnes milled (BC Minfile Records). The mine is
situated within a 4-kilometer system of gold-quartz veins and historic workings.
Ximen Mining Corp News Release
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View of 3D model of Cariboo mine (looking North) showing vein blocks and current drill holes.
Hole AM23-08 intersected the extension of the McKinney vein beneath the eastern end of the
historic mine. Eight NQ-size drill holes have been completed for a total of 2,064 meters. The
target vein was intersected in five holes (AM23 -01, 3 , 5, 7 and 8 ) between 30 and 45 meters
below the lowest mine level and over a strike length of 150 meters.
The mineralized intercepts range in core length from 0.26 meters to 0.70 meters and contain
pyrite, sphalerite, galena and chalcopyrite. Hole AM23-08 intersected the vein within a
mineralized quartz stringer alteration zone. The vein consisted of “blue quartz” containing fine
grained pyrite. The “blue quartz” is a local mine term for grey quartz that typically contains gold.
Visible gold hasn’t been observed, but this sulphide mineral assemblage is the same as that
reported to occur in the vein where it was mined historically. Core samples will be sent for
analysis once the geological logging and sampling is completed.
Hole From To Length (m) Mineralization
AM23-01 218.02 218.63 0.61 Quartz Vein with Py, Sp, Gn, Cp
AM23-03 230.80 231.06 0.26 Quartz Vein with Py, Sp, Gn, Cp
AM23-05 214.55 215.25 0.70 Quartz Vein with Py, Sp, Cp
AM23-07 194.60 194.81 0.21 Quartz Vein with Py, Sp, Gn
AM23-07 195.71 195.99 0.28 Quartz Vein with Py, Po, Sp, Gn
AM23-07 215.47 215.66 0.19 Quartz Vein with Py, Sp, Gn
AM23-07 217.64 217.76 0.32 Quartz Vein with Py, Po, Sp, Gn
AM23-08 198.60 198.95 0.35 Quartz Stringers, Py,Sp,Gn,Cp
AM23-08 198.95 199.45 0.50 Quartz Vein with Py
AM23-08 199.45 200.00 0.55 Quartz Stringers, Py,Sp,Gn,Cp
Abbreviations: Py: pyrite, Sp: sphalerite, Gn: galena, Cp: chalcopyrite
Note: Reported lengths are core lengths not true widths.
Ximen Mining Corp News Release
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Core Photos:
Photo of vein intercept in hole AM23-08.
Close-up photo of sulphide mineralization intersected in hole AM23-08; galena, PbS (silvery
grey) and sphalerite ZnS (brown). Width of view is about 20 cm.
Holes AM23-03, 04, 05 and 08 also intersected a second mineralized vein about 50 meters south
of the main vein that is also mineralized with pathfinder minerals. Its extent has yet to be
determined.
Holes AM23-02, 04 and 06 targeted the zone at greater depths but did not intersect the vein. It is
likely that the vein has been displaced by faults similar to those which occur in the upper levels
of the mine, where the vein is displaced a relatively short distance to the south by flat lying
faults.
Overall, the results indicate there is potential for more tonnes to be mined below the lowest level
of the mine workings and that there is potential for additional material in parallel zones.
Readers are cautioned that historical records referred to in this News Release have been
examined but not verified by a Qualified Person. Further work is required to verify that historical
records referred to in this News Release are accurate.
Ximen Mining Corp News Release
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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
604 488-3900
Investor Relations: , 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 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 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