Sourcing and mining precious metal assets in British Columbia Tellurium’s Unique Value
Sourcing and mining precious metal assets in British Columbia
Tellurium’s Unique Value
Vancouver, B.C. – March 2 98, 2019 - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA)
(OTCQB:XXMMF) (the “Company” or “Ximen”) A f te r X im en’s o ption p artn e r r elea sed it s
high-grade tellurium results from the Gold Drop Property the Co mpany received numerous
enquiries asking for information about Tellurium and its uses.
COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.
Tellurium Facts
Tellurium is on a list of 35 mineral commodities deemed critica l to security and prosperity
of the United States.
Pending tellurium shortages due to traditional recovery methods becoming obsolete.
Tellurium is a chemical element with symbol Te and atomic numbe r 52. It is a brittle, rare, silver-
white metalloid. It is extremely rare in the Earth's crust, com parable to that of platinum. The U.S.
Geological Survey Fact Sheet, Tellurium —The Bright Future of S olar Energy explains that
tellurium’s primary use is for manufacturing films essential to thin film photovoltaic solar cells.
When alloyed with other elements such as cadmium, tellurium for ms a compound that exhibits
enhanced electrical conductivity. A thin film can efficiently a bsorb sunlight and convert it into
electricity.
March 298, 2019 TSX.v : XIM
FRA : 1XMA
OTCQB : XXMMF
Ximen Mining Corp News Release
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The past decade has seen an explosive growth in the
production of thin film solar p anels. According to Global
M a r k e t I n s i g h t s , t h i n f i l m c a d m i u m t e l l u r i d e s o l a r p a n e l
production which today accounts for 40% of Tellurium
consumption is expected to grow from $8 billion in 2016 to
over $30 billion by 2024. At present there are dozens of large-
scale solar farms built or underway throughout the world.
These massive solar farms mainly utilize advanced thin film
cadmium telluride technology. In addition, many
corporations, institutions, schools and universities are
building solar arrays.
Pictured below is a section of India’s giant Pavagada Solar Park. Covering an area of 13,000 acres
and achieving an output of 2,700 Mega Watts, Pavagada is currently the world’s largest solar park.
In addition to its burgeoning use in the solar power industry and its metallurgical applications with
copper and stainless steel, Tell urium is finding new uses in t he semi-conductor industry for
example in the new phase change memory chips developed by Intel.
As the use of Tellurium in thin film solar applications grows, governments and industry have
expressed concerns about the supp ly of tellurium to meet future demand. Most of the world’s
tellurium comes from copper refining. However, the United States Geological Survey (USGS) has
noted that, due to declining copper grades worldwide, “New copper recovery processes…are being
considered for implementation, but these methods do not recover tellurium. As a result, alternative
sources for this critical element must be considered.”
Ximen Mining Corp News Release
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Al Beaton, P.Eng., a Qualified Person as defined by NI 43-101 and Advisor to Ximen Mining Corp., is
responsible for 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
Investor Relations: Mr. William Sattlegger, 604-488-3900 [email protected]
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