Sourcing and mining precious metal assets in British Columbia Ximen Mining Corp Applies for Underground Permit at Brett, BC.
Sourcing and mining precious metal assets in British Columbia
Ximen Mining Corp Applies for Underground Permit at Brett, BC.
Vancouver, B.C. – June 25, 2019 - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA)
(OTCQB:XXMMF) (the “Company” or “Ximen”) announces that it has submitted an
application to the BC Ministry of Mines for mine development at its Brett Property, located near
Vernon, B.C.
The application was submitted to the BC Ministry of Mines earlier this month for underground
exploration development at the Brett mine. The proposed development program includes the
following:
• rehabilitation of the workings,
• excavation of diamond drill stations in the existing drift,
• a 50 meter cross-cut from the exiting drift with a drill station,
• new drifting to extend the current mine level up to 200 metres
• additional drill stations in the new drift, and
• a second 50 metre cross-cut and diamond drill station from the new drift.
The purpose of this work is to explore the Main Zone to the northwest, along its strike, where a
number of significant gold intercepts were drilled from surface, to expose ground underneath the
historic surface bulk sample, and to explore the Main Zone and parallel structures by underground
diamond drilling. It is anticipated that this program will result in definition of mineralized zones
with potential for bulk sampling.
In connection with the permitting work, a site visit was conducted by Ximen personnel and a suite
of rock samples was collected for environmental studies.
June 25, 2019 TSX.v : XIM
FRA : 1XMA
OTCQB : XXMMF
Ximen Mining Corp News Release
2
Photo of Brett Mine portal (April, 2019)
Ximen Mining Corp News Release
3
Conditional on permitting, the underground development program could begin within this quarter
and would take up to two months to complete. The planned diamond drilling program would follow.
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
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