Sourcing and mining precious metal assets in British Columbia Ximen Mining Corp Starts Shortly the Decline to Bulk Sample 10,000 tonnes at Kenville Gold Mine.
Sourcing and mining precious metal assets in British Columbia
Ximen Mining Corp Starts Shortly the Decline to
Bulk Sample 10,000 tonnes at
Kenville Gold Mine.
Vancouver, B.C. – July 22, 2019 - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA)
(OTCQB:XXMMF) (the “Company” or “Ximen”) provides the following update on plans for
exploration development and bulk sampling at its 100% owned Kenville Gold Mine in Nelson, BC.
Plan map showing location of planned decline.
July 22, 2019 TSX.v : XIM
FRA : 1XMA
OTCQB : XXMMF
Ximen Mining Corp News Release
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“From exploration to production, we aspire to pour our first
Dore bar as early as the end of this year.”
States Anderson CEO
A new underground decline is planned to be driven 466 metres as a line drive at -15% grade from
a starting elevation of 810 metres to the 740 metre elevation, then a further 40 metres at +3%. The
decline is projected to cross at least two veins before reaching its target elevation, which lies at the
center of a series of vein intercepts in holes drilled between 1995 and 2010. The end of the decline
will also be in a favourable position for a raise to be driven to connect with the historic workings
of the Kenville gold mine, to be used for ventilation and as a secondary egress as the mine is
progressively developed.
Type cross section of planned decline (3.5m width x 4.0m height).
Underground diamond drilling from the decline is planned to begin at about 200 metres from the
portal. This drilling will follow-up historic 1995 drill intercepts on the Eagle veins, in an area where
mineralized shoots are projected down from historic mined areas on the 257 and 275 levels. If
successful, stope blocks could be defined between the 200 and the target 500 metre mark in the
decline. The following intercept are examples of target intercepts before the 500 metre mark in the
decline.
Hole From (m) To (m) Length (m) Gold g/t Gold g/t
(diluted to 2.0m)
TK95-05 203.2 203.46 0.26 82.15 10.68
AK08-20 84.42 84.64 0.22 37.60 4.14
Abbreviations: m= metre, g/t = grams per tonne
Ximen Mining Corp News Release
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Satellite image of Kenville mine area showing locations of historic mine levels, planned new
decline and diamond drill intercepts targets.
The 500 metre end-position of the planned decline is in line with a projection of mineralized shoots
from the historic mine. At the 500 metre mark there are a number of drill intersections in the Flat
vein and South Zone areas that indicate excellent potential for a bulk sample to be outlined. The
following are some of better target intercepts for the 500 metre mark in the planned decline:
Abbreviations: Au = gold; g/t = grams per tonne
Hole From (m) To (m) Length (m) Gold g/t Gold g/t
(diluted to 2.0m)
AK07-04 294.70 295.50 0.80 42.00 16.80
AK07-05 279.80 281.0 1.20 16.60 9.96
AK07-05 291.70 293.05 1.35 14.97 10.10
AK08-08 307.64 308.19 0.55 22.80 6.27
AK08-15 238.90 239.20 0.30 205.07 30.76
AK08-17 181.08 181.96 0.88 16.60 7.30
KW10-02 202.88 203.45 0.57 36.20 10.32
Ximen Mining Corp News Release
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Note: The above tables are based on information provided by previous operators that is considered
historical. Although it is known that the drill programs were directed by experienced personnel
and a quality control progra m was employed to monitor assay results, a qualified person has not
verified the previous results on behalf of Ximen Mining Corp. Ximen believes the results are
representative of the undeveloped mineralization at the Kenville property.
It is estimated that 4500 metres of underground drilling will be required to appropriately outline
material for a bulk sample of 10,000 tonnes. The 740 metre elevation will likely be the first level
from which potential vein stope mining will take place, via ramps driven up and down to cross-
cut projected veins indicated from the drilling. An area extending over a strike length of 300
metres and a vertical distance of 150 metres will be developed for trial mining of a bulk sample.
Once a stope block has been delineated by underground drilling, it can be developed by access
ramps driven down by as much as -20% grade. Then, up to four vertical cuts can be made by
taking down the back until the fourth cut has a + 20% ramp to it. The plan is to remove the vein
material in the stope face and slash it on the up-dip side, which will minimize the waste rock
generated. After a stope is mined out, it can be back-filled with waste from an adjacent stope.
Kenville plan map showing location of historic workings, drill intercepts and planned decline.
Note: The technical information contained in this news release was obtained from the Kenville
project database and is dated prior to 2016.
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
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% 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. The company has recently acquired control of the Kenville Gold mine near Nelson British
Columbia and The Amelia Gold Mine in the center of the McKinney Gold Camp.
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 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 Secu rities 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