Ximen Mining Corp to Complete Final Requirements to Start Kenville Gold Mine -
Ximen Mining Corp to Complete Final
Requirements to Start Kenville Gold Mine -
Nelson, BC
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) -
Ximen Mining Corp
. (TSXV: XIM)
(FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") is pleased to provide this update on activities
at its Kenville Gold Mine project near Nelson in southeastern BC.
"
Photo of geological team at Kenville mine in 2024
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The Company reports that it is working with engineering and environmental consultants to complete work
required before mine construction can start. Design work is underway for a BC Ministry of Transportation
and Infrastructure permit to construct a culvert across Fisherman Road. This is a key component of a
drainage diversion that is required to be in place.
A design for pump works and water retention tanks to
protect the drainage channel in case of a flood event is also required.
A water management system for the site is required, comprised of tanks, pumps, and ditches for the
mine water and contact water.
An engineering report on mine site building foundations and road stability
is in progress, with the site visit completed and engineer's report in preparation. Engineered drawings of
planned underground excavations are also required to be completed.
These are the main steps to be completed before the mine construction can start.
The Company is
aiming to break ground for the new underground decline later this year.
The Company would also like to update that Mr. Wesley Warthe-Anderson, a current Director of the
Company, has been appointed to the Audit Committee. The current Committee members are
Christopher Anderson, Roy Davis, Scott Kent and Wesley Warthe-Anderson.
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
604 488-3900
Investor Relations
|
604-488-3900
|
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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 an option agreement. The option partner is making annual
staged cash and stocks payments as well as funding the development of the project. The company has
also acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface
and underground rights, buildings and equipment.
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 1XM and WKN with the number as A2JBKL.
This press release contains certain "forward-looking statements" within the meaning of Canadian
securities This press release contains certain "forward-looking statements" within the meaning of
Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange
approval and the exercise of the Option by Ximen. Although the Company believes that such statements
are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking
statements are statements that are not historical facts; they are generally, but not always, identified by
the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims,"
"potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will,"
"would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to
future events. The Company cautions that forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements are made and they
involve a number of risks and uncertainties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future events could differ materially from
those anticipated in such statements. Except to the extent required by applicable securities laws and the
policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-
looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause future results to differ materially from those anticipated in these forward-looking
statements include the possibility that the TSX Venture Exchange may not accept the proposed
transaction in a timely manner, if at all. The reader is urged to refer to the Company's reports, publicly
available through the Canadian Securities Administrators' System for Electronic Document Analysis and
Retrieval (SEDAR) at
www.sedar.com
for a more complete discussion of such risk factors and their
potential effects.
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.
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
Tel:
604-488-3900
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