Sourcing and mining precious metal assets in British Columbia Ximen Option Partner Requests Tellurium Re-Analysis of Select 2018 High Grade Drill Core Samples at the C.O.D. Vein Southern British Columbia
Sourcing and mining precious metal assets in British Columbia
Ximen Option Partner Requests Tellurium Re-Analysis of Select 2018 High
Grade Drill Core Samples at the C.O.D. Vein
Southern British Columbia
Vancouver, B.C. – March 7th, 2019 - Ximen Mining Corp. (TSX.v: XIM) (OTCQB:XXMMF) (the
“Company” or “Ximen”) is pleased to announce its option partner GGX Gold Corp. (TSX.v:GGX)
has requested tellurium re -analysis of select drill core samples from the Fall 2018 diamond drill
program at the G old Drop Property, located in southern British Columbia. The Fall 2018 drill
program was conducted at the C.O.D. Vein, located in the Gold Drop Southwest Zone. Multiple
drill core samples from drill holes COD18 -67 and COD18-70 exceeded the upper 500 grams per
tonne (g/t) analytical limit for tellurium. These samples returned high grade values for gold and
silver. These samples will be re -analyzed to determine tellurium grades. Highlights from the Fall
2018 drill program include (News Releases of January 11 and 18, 2019):
• COD18-67: 129 g/t gold & 1154 g/t silver over 7.28-meter core length
• COD18-70: 107 g/t gold & 880 g/t silver over 6.90-meter core length
“ Due to the multiple industry inquiries and spiked interest with regards to the Tellurium grades
as well as the fa ct that the Te grades have exceeded upper analytical limits at the Lab ( ie 500
G/T Te ) the decision was made to re-assay these drill core samples with a focus on obtaining the
actual Tellurium grades.” States Anderson CEO Ximen Mining Corp
March 07, 2019 TSX.v : XIM
FRA : 1XMA
OTCQB : XXMMF
Ximen Mining Corp News Release
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The 2018 Fall diamond drill program tested the COD vein. The program followed up on results
from previous 2018 diamond drilling at the southern extension of the COD vein. The highlights of
the 2018 Fall drill program are drill hole COD18-67 which intersected 129 g/t gold and 1,154 g/t
silver over 7.28 meters core length and drill hole COD18-70 which intersected 107.5 g/t gold and
880 g/t silver over 6.90 meters core length (News Releases of January 11and 18, 2019).
Intersections for 2017 and 2018 diamond drill holes at the C.O.D. vein include the following
(please refer to the Company’s website for News Releases announcing these results):
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 0.24
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
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
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
Fourteen drill core samples from the high-grade gold and silver intersections of drill holes COD-
18-67 and COD-18-70 returned greater than the upper analytical limit of 500 g/t for tellurium
during initial analysis (four acid ICP-MS analysis by ALS Canada Ltd. in North Vancouver). As a
result, the tellurium weighted average grade for these intersections could not be determined. The
Company has requested ALS Canada Ltd. to re-analyze these samples for tellurium.
Ximen Mining Corp News Release
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Ximen Mining Corp News Release
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Tellurium (Te) remains as one of the rarest elements on earth. Tellurium production has been a
by-product of copper and gold mining. The production is limited, estimated to being on the order
of 800 metric tonnes per year. According to the USGS total production for 2007 was 107
Mtonnes.
Up until recently, the sole use of tellurium has been the alloying of other metals to increase the
machinability of copper or to decrease the corrosive action of sulfuric acid on lead.
Ximen Mining Corp News Release
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The most significant modern use of tellurium is the Cadmium-telluride (Cd-Te) photovoltaic solar
cells. These solar cells are at the forefront of solar power. One gigawatt (GW) of Cd-Te, at
current efficiencies, would require approximately 93 metric tons of tellurium. These cells have
the smallest carbon footprint and the shortest energy payback time of all solar cells. The
efficiency of technology is constantly improving and the Cd-Te now takes up 5.1% of worldwide
PV production.
PHOTOVOLTAICS REPORT, Freiburg, 27 August 2018
In the C.O.D vein system the tellurium occurs as a soft silver-grey telluride mineral. The telluride
mineral is a Silver-Tellurium-Gold alloy speculated to be sylvanite. Whenever this mineral is
observed in the drill core the interval has elevated silver, gold and tellurium values.
Ximen Mining Corp News Release
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Details of the analytical procedures and QA/QC methods used are given in previous news releases
from which these highlights are drawn.
Allan Beaton, P.Eng., a Qualified Person as defined by NI 43-101 and member of the Advisory
Board, is responsible for and approved the technical information contained in this News Release.
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
Ximen Mining Corp. 604 488-3900
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.
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 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,
Vancouver, B.C., V6C 3K4