Ximen Mining Corp Unravels Key Control on Gold Mineralization at Its 100% Owned Brett Epithermal Gold Project - Vernon BC
Ximen Mining Corp Unravels Key Control on
Gold Mineralization at Its 100% Owned Brett
Epithermal Gold Project - Vernon BC
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2025) -
Ximen Mining Corp
. (TSXV: XIM)
(FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") provides the following update on geological
modelling at the Brett epithermal gold property, near Vernon in south-central B.C.
Cross-section of geological model showing interpreted synvolcanic faults based on the volcaniclastic
units correlated in 3D. These faults are key hosts of epithermal gold mineralization.
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The Ximen technical team has identified a potentially significant structural control on gold mineralization
at the Brett epithermal gold project. A new interpretation was done based on previous and new drill hole
(2024) data. The interpretation consisted of correlation in 3D of the volcaniclastic units that are
interlayered with massive basalts/andesites (see cross-section figure above). This analysis clearly
shows significant abrupt changes in the thickness of these volcaniclastic layers. The abrupt thickness
changes coincide with mapped fault zones, also evident in drill core, and provide evidence of
synvolcanic faults. The recognition of these faults is important as these structures host a significant part
of the gold mineralization. A synvolcanic fault is interpreted in the Main Zone where historic open pit and
underground mining has been done. A similar structure is interpreted at the West Zone, where 2024
drilling intercepted extensive zones of silica-clay-pyrite alteration with silica veinlets that contain visible
gold (assays are pending).
Map showing interpreted faults, drill hole collars and sulfide alteration zones. The background is a
composite total field magnetic map from ground and airborne total magnetic intensity-reduced to pole
(TMI-RTP) surveys. The faults are prospective targets for epithermal gold mineralization.
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This new interpretation enhances the understanding of the fault architecture of the Brett project and
highlights the key role of these structures in hosting epithermal gold mineralization.
Furthermore, these faults have an expression on geophysical (magnetic) maps (see map below). Fault
traces can be interpreted along strike towards both the NW and SE using the magnetic map, and
several subparallel structures are identified within the map area. The 2024 drill program identified the
West Zone to be a new zone of interest, and this structural analysis suggests excellent prospectivity in
the western area of the Brett project. The results suggest that mineralization is open along strike as well
as a potential for multiple parallel/subparallel veins.
Readers are cautioned that historical records referred to in this News Release have been examined but
not verified by a Qualified Person. Further work is required to verify that historical records referred to in
this News Release are accurate.
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,
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 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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https://www.newsfilecorp.com/release/240330