Sourcing and mining precious metal assets in British Columbia Ximen Announces Diamond Drilling Program Has Commenced On the Gold Drop Property
Sourcing and mining precious metal assets in British Columbia
Ximen Announces Diamond Drilling Program
Has Commenced
On the Gold Drop Property
Vancouver, B.C. – April 15, 2019 - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA)
(OTCQB:XXMMF) (the “Company” or “Ximen”) is pleased to announce its Option Partner
GGX Gold Corp (GGX: TSX.v), (GGXXF:OTCQB), (FRA:3SR2) has begun the spring 2019
diamond drilling program on the Gold Drop Property, located in Southern British Columbia.
The drilling program will focus on the C.O.D vein located in the Gold Drop Southwest Zone. The
Company intersected near -surface, high- grade gold, silver and tellurium within the C.O.D vein
during 2018 diamond drilling, including:
• COD18-67: 129 g/t gold, 1 ,154 g/t silver & 823 g/t tellurium over 7.28 meter s core
length.
• COD18-70: 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90 meters core length.
April 15, 2019 TSX.v : XIM
FRA : 1XMA
OTCQB : XXMMF
Ximen Mining Corp News Release
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Ximen’s option partner is kicking off its 2019 exploration program with drilling on the C.O.D vein
(C.O.D stands for “Continuation of Dentonia”; the Dentonia is another gold-quartz vein in the camp
that was historically mined). The C.O.D vein was first targeted in 2017. Initia l sampling of the
vein justified follow -up trenching and drilling. In 2018, the drilling program followed on a nd
included a series of holes drilled to the south of the C.O.D trench that successfully extended the
vein for a total length of nearly 400 meters and intersected high grade mineralization. The assay
results (please refer to the Company’s website for News Releases announcing these results) include
the following highlights:
Hole ID Interval Length Gold (gpt) Silver (gpt) Te (gpt)
COD17-14 16.03 4.59 38.64
COD18-3 2.1 14.62 150.2 102
COD18-26 1.4 10.3 1.09 0.2
COD18-32 1.51 3.67 67.2 30.4
COD18-33 2.98 8.65 47.6 37.3
COD18-34 3.41 6.16 72.4 31.0
COD18-37 3.95 8.23 67.36 38.53
COD18-45 2.05 50.15 375
COD18-46 1.47 54.9 379
COD18-49 1.47 9.52 118 72.2
COD18-54 1.66 7.6 60.2 34.1
COD18-61 1.38 5.29 32.4 31.4
COD18-63 1.17 28 424.7 150.4
COD18-67 7.28 129.11 1,154.90 823.0
COD18-68 2.76 8.77 85.4 56.3
COD18-69 7.46 5.76 67.9 61.2
COD18-70 6.9 107.5 880 640
For 2019, the drilling will be initially aimed at extending and in-filling the ore shoot of high-grade
gold-silver-tellurium mineralization that was intersected in 2018. Following this, the Everest vein
to the south, and the C.O.D. extension to the north will be drill-tested.
The highlights of the 2018 diamond drilling program are drill holes COD18-67 and COD18-70 that
intersected near -surface, high -grade gold, silver and tellurium in the southern extension of the
C.O.D vein. COD18-67 intersected 1 29 grams pe r tonne ( g/t) gold, 1154 g/t silver & 823 g/t
tellurium over 7.28-meter core length while COD18-70 intersected 107 g/t gold, 880 g/t silver &
640 g/t tellurium over 6.90-meter core length (News Releases of January 11, January 18 and March
18, 2019). The C.O.D. vein system is open along strike and at depth.
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Ximen Mining Corp News Release
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No previous diamond drilling has been completed at the C.O.D. extension to the north . The 2018
trenching program exposed numerous vein showings with g rab samples up to 15.45 g/t gold, 159
g/t silver Ag and 114.5 g/t tellurium. A c hip sample (0.4 meters long ) returned 21.7 g/t gold, 216
g/t silver and 149 g/t tellurium (News Release of February 27, 2019).
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.
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Furthermore the company wishes to announce the addition of Mr Lloyd Penner to the team, whom
will be focusing on assisting the company with its future plans and aspirations towards developing
its mining activities on its various assets.
Mr. Penner brings many years of experience and knowledge to the Company, as a large part of his 30 plus-
year career has been spent in the exploration, development, and mining of western Canadian gold deposits,
from the coastal mountains of British Columbia to the gold camps of northern Canada and as far as west
Africa. His well-rounded skill set includes planning, project organization, surface infrastructure setup, and
conventional underground mining. His mining career began developing the high grade, narrow veins of the
Bridge River Valley of British Columbia in 1986. Notable projects to-date include the position of mine
manager of the QR Mine in the British Columbia interior – a 1,000- tonne per day cyanide operation with
multiple underground and open pit mines operating. Other projects include late stage exploration
properties such as Selkirk Metals’ Ruddock Creek property, Imperial Metals’ Red Chris property, and
Avion Gold’s production gold mine in Mali. His background includes more than eight years of
management in development, exploration, and production in both Africa and British Columbia. Mr. Penner
also has experience working in custom test mining and exploration management of a narrow vein gold
project in British Columbia. He is familiar with current mining, government agencies, and environmental
regulations in British Columbia, and holds current UG certifications. Mr. Penner’s knowledge and
experience with the Kenville Gold Mine (having spent several years assessing it) and with other high grade
vein properties like it makes him an integral component in the success of this venture as well should the
company complete on the opportunity to acquire the Kenville Gold Mine.
To view the Original News release with pictures please go to the website or contact the company.
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. Ximen`s
two gold projects, The Gold Drop Project and Brett Gold Project are located in southern British
Columbia. Ximen also owns the Treasure Mountain Silver project adja cent to the past producing
Huldra Silver Mine. 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 symbo l 1XM and WKN with the number as
A1W2EG.
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This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation,
including statements regarding the completion of a proposed Offering and the use of the Offe ring proceeds to further
explore of the Company’s Cerro Caliche project. 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 opi nions 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 d iffer 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 Company is not satisfied with its further
due diligence investigations and possibility that the TSX Venture Exchange may not accept the proposed transaction.
The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities
Administrators' System f or 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