Sourcing and mining precious metal assets in British Columbia Ximen Mining Corp Receives Permit for Providence
Sourcing and mining precious metal assets in British Columbia
Ximen Mining Corp Receives Permit for Providence
Vancouver, B.C. – September 26, 2019 - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA)
(OTCQB:XXMMF) (the “Company” or “Ximen”) announces that it has received an exploration
permit for its Providence claim.
The Providence claim covers 190 hectares in the Greenwood Mining Camp and adjoins the Gold
Drop property currently optioned and being drilled by GGX Gold Corp. (TSX.V: GGX). The
Providence property covers five historic past-producing mines for silver, gold, lead and zinc. The
most significant of these is the Providence mine, which operated intermittently from 1893 to 1973,
and produced a total of 183 kilograms of gold (5,884 ounces), 42,552 kilograms of silver (1,368,079
ounces), 183 tonnes of lead, 118 tonnes of zinc from 10,426 Metric tonnes of material. The mine
had a total of 3000 metres of underground workings that were serviced by two shafts.
Previous prospecting by Ximen crews identified a number of mineral showings that are not included
in the provincial Minfile records. One of these is a mine dump located near the historic Providence
mine, from which a sample returned significant gold and silver values (2.87 grams per tonne gold
and 127 grams per tonne silver ). Another undocumented occurrence is an exploration pit, where
massive sulphide material occurs containing chalcopyrite, bornite and magnetite. A sample of this
material returned values of 2350 ppm Cu and 3.4 ppm silver.
Vein quartz from historic Providence mine Massive sulphide from historic pit.
2.87 g/t gold and 127 g/t silver 0.23% copper and 3.4 g/t silver
September 26, 2019 TSX.v : XIM
FRA : 1XMA
OTCQB : XXMMF
Ximen Mining Corp News Release
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The Company is now permitted to carry out its plans for additional exploratory work on the
property, which include detailed rock sampling, trenching and diamond drilling. The targets
include gold-silver in quartz veins and copper-gold-silver skarn deposits.
Analyses disclosed in this release were conducted by ALS Global – Geochemistry Analytical Lab
in North Vancouver, BC, Canada. ALS is an independent, fully accredited commercial laboratory.
Gold was determined by the fire assay method using a 50 gram sample weight. Other metals were
analyzed as part of a 33 -element package using a four acid digestion and determination by ICP -
AES.
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: Sophie Cesar 604-488-3900 [email protected]
Ximen Mining Corp News Release
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About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC.
Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also
owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently,
the Treasure Mountain Silver Project is under option agreements. The option partner is making annual
staged cash and stocks payments as well as funding the development of the project. The company has also
recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with
surface and underground rights buildings and equipment as well as a permit for the construction of an
underground decline.
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 ha ve 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,
Ximen Mining Corp News Release
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Vancouver, B.C., V6C 3K4