Advancing precious metal assets in British Columbia Ximen Mining Corp Acquires 100% Interest in Armelia Gold Mine from Huakan International Mining Inc.
Advancing precious metal assets in British Columbia
Ximen Mining Corp Acquires 100% Interest in
Armelia Gold Mine from
Huakan International Mining Inc.
Vancouver, B.C. – June 4, 2019 - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA)
(OTCQB:XXMMF) (the “Company” or “Ximen”) announces that it has signed an agreement
to acquire certain crown granted mineral properties covering the historic Cariboo-Armelia gold
mine in Camp McKinney near Baldy Mountain Resort in southern British Columbia. This
acquisition will add to Ximen’s significant property holdings in the region
June 4, 2019 TSX.v : XIM
FRA : 1XMA
OTCQB : XXMMF
Ximen Mining Corp News Release
The Cariboo-Amelia was British Columbia's first dividend-paying lode gold mine and was the
most significant producer from Camp McKinney. Over its intermittent 68-year mine life from
1894 to 1962, the Cariboo-Amelia produced 124,452 tonnes ore, of which 112,254 tonnes is
reported as milled on-site. Recovery included 81,602 ounces of gold, 32,439 ounces of silver,
113,302 pounds of lead and 198,140 pounds of zinc (lead and zinc since 1940. The average
recovered gold grade was 24.68 grams per tonne gold (from BC Minfile).
The acquisition includes the original Cariboo-Amelia Crown-granted claims: Molson (L.2526s),
Paragon ( Lott 2530s), Burley#1 ( L2531s), Edward VII ( Lott 3499 ) Wonder Y ( Lott 2536s)
Last Chance (Lott 751 ) Fontenoy ( Lott 752 ) Emma (Lot 270), Alice (Lot 271), Cariboo (Lot
272), Amelia (Lot 273), Okanagan (Lot 274), Maple Leaf (Lot 613), and Sawtooth (Lot 952),
and Wiarton (Lot 856) (082ESW217). The properties Maple Leaf & Wiarton also include the
surface rights as originally granted. Total area is 199.46 Hectare’s
Terms of the deal for a 100% interest,
in all the properties in exchange for 212,888 Shares of Ximen Mining Corp upon TSX approval.
Ximen Mining Corp News Release
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,
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
Investor Relations: Mr. William Sattlegger, 604-488-3900 [email protected]
Ximen Mining Corp News Release
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects located in
southern BC. Ximen`s two Gold projects are The Gold Drop Project and The Brett Epithermal Gold
Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past-producing Huldra
Silver Mine. Currently both the Gold Drop Project and the Treasure Mountain Silver Project are under
option agreements. The option partners are making annual staged cash and stocks payments as well as
funding the development of these projects.
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.
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. The securities referred to herein have not been and will not be registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
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