Trench Samples from Ximen’s High Grade Gold Drop Project Return up to 159 Grams per Tonne Gold and 744 Grams per Tonne Silver
Sourcing and mining precious metal assets in British Columbia
September 18, 2015 TSX.V: XIM Frankfurt: 1XM USA: XXMMF
Trench Samples from Ximen’s High Grade Gold Drop Project Return up to 159 Grams per Tonne Gold and 744 Grams per Tonne Silver
Vancouver, B.C. - (September 18, 2015 - TSX-V: XIM) Ximen Mining Corp. (the “Company” or “Ximen”) reports that it has received analytical results for 2015 rock samples from its high grade Gold Drop Project, located near Greenwood, SE British Columbia. The Company collected 50 grab rock samples in the eastern region of the Project, mainly from trenches previously excavated by the Company. These trenches were excavated in the area of the gold and silver bearing Gold Drop and North Star vein system and their respective underground workings (British Columbia Energy and Mines MINEFILE Mineral Occurrence Nos. 082ESE152 and 082ESE153). The highlight was a sample from a block of quartz – galena vein material, excavated from one trench near the Upper North Star Adit, which returned 159 grams per tonne gold and 744 grams per tonne silver.
The Gold Drop Project is described in a revised NI-43-101 Technical Report dated January 21, 2014. The property has seen high grade gold production as recent as the 1980’s. The property covers geologically prospective ground in the well-mineralized Greenwood District, and hosts 8 or more known low-sulfide, gold-bearing veins or vein systems, including the North Star, Gold Drop, Amandy, Lakeview and Moonlight. The property also has 100’s of meters of underground workings.
The 2015 grab rock samples were collected mainly from bedrock and rubble in recent trenches in the area of the Gold Drop and North Star vein system. All 50 samples were within a 1 by 0.7 kilometre area. These included quartz; quartz with pyrite; and quartz with variable sulfides including pyrite, galena and chalcopyrite (and possibly tellurides). One sample of wall rock bedrock was also collected (sample GD-R-15-4). Sample GD-R-15-1 was from a piece of quartz
- sulfide vein rubble near an open-cut in this area. High grade sample GD-R-15-25 was from a
large block (approximately 2 x 1.5 x 0.4 metres) of quartz vein with galena excavated from one trench and currently located adjacent to that trench. All samples were submitted to ALS Global for assay -analysis. All samples were assayed for gold by Fire Assay and AAS with sample GD- R-15-25 also assayed for gold by Fire Assay and Gravimetric Finish. Twenty-five of the samples were later analyzed for 33 elements (including silver, copper, lead and zinc) by Four Acid digestion and ICP-AES.
The samples returning the highest values for gold also returned the highest values for silver and included the highest values for lead and copper. Eighteen of the 50 samples returned greater than 0.5 grams per tonne gold (greater than 0.5 parts per million) with ten samples also exceeding 1 grams per tonne gold and 10 grams per tonne silver, listed in the following table (ppm being parts per million):
| Sample Number | Gold (ppm) | Silver (ppm) | Copper (ppm) | Lead (ppm) | Description |
|---|---|---|---|---|---|
| GD-R-15-1 | 4.91 | 36 | 1710 | 15950 | Quartz-galena-chalcopyrite vein rubble near open- cut (383228E & 5447347N). Approximately 60 metres northwest of Upper North Star Adit. |
| GD-R-15-8 | 7.03 | 48 | 950 | 5540 | Quartz-galena-chalcopyrite-pyrite vein rubble in new trench #4 (383230E & 5447423N). Approximately 76 metres north of sample 1 |
| GD-R-15-12 | 1.21 | 14 | 50 | 560 | Quartz-pyrite-galena vein bedrock in new trench #1 (383030E & 5447080N), approximately 130 metres southwest of the Upper Gold Drop Adit. Vein is 30 centimetres wide, striking northwest and dipping northeast. |
| GD-R-15-13 | 19.95 | 26 | 2120 | 3390 | Quartz-pyrite-chalcopyrite-galena vein outcrop in new trench #1 (383039E & 5447076N), possibly same vein as sample 12. Vein is 30 centimetres wide, striking northwest and dipping northeast. |
| GD-R-15-14 | 2.41 | 14 | 30 | 50 | Quartz-pyrite vein outcrop in new trench #2 (383123E & 5447068N), approximately 50 metres southwest of the Upper Gold Drop Adit. Vein is at least 1 metre wide, striking northeast and dipping southeast. |
| GD-R-15-15 | 1.48 | 12 | <10 | 50 | Outcrop sample from same vein as sample 14, approximately 3 metres northeast along strike. |
| GD-R-15-22 | 1.73 | 11 | 60 | 110 | Quartz vein outcrop in new trench #3 (383232E & 5447402N), approximately 115 metres north- northwest of the Upper North Star Adit. Vein is 25- 45 centimetres wide, striking north and dipping east. |
| GD-R-15-25 | 159 | 744 | 70 | 17000 | Quartz-galena vein rubble, which was excavated from new trench #14. Exact source location in trench is uncertain. |
| GD-R-15-26 | 12.2 | 78 | 600 | 12450 | Quartz-galena vein outcrop in new trench #14 (383218E & 5447317N), approximately 35 metres northwest of the Upper North Star Adit. Vein is 40 centimetres wide, striking slightly northeast and dipping southeast. |
| GD-R-15-27 | 12.55 | 100 | 20 | 1900 | Outcrop sample from same vein as sample 26, approximately 3 metres northwest along strike (vein is 30 centimetres wide here). |
Ximen Mining Corp. News Release
Ximen management is prioritizing the area of Trenches 1 and 2 west-southwest of the Upper Gold Drop Adit and area of Trench 14 northwest of the Upper North Star Adit for future work including possible additional trenching and drilling.
Prospecting is also being conducted in the northwest region of the project in an area of six documented gold occurrences including Amandy, Lakeview and Moonlight.
Al Beaton, P.Eng. is the Qualified Person under NI 43-101 who supervised the program and who has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors, “Christopher R. Anderson”
Christopher R. Anderson, President, CEO and Director
Ximen Mining Corp. 604 488-3900
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