Ximen Mining Drilling Commences at Brett Epithermal Gold Project - Vernon BC
Ximen Mining Drilling Commences at Brett
Epithermal Gold Project - Vernon BC
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2024) -
Ximen Mining Corp
. (TSXV: XIM)
(FSE: 1XM) (OTC Pink: XXMMF) (the "Company" or "Ximen") announces that it has completed
mobilizing crews and equipment and is commencing the start of the 2024 drill program at its Brett
epithermal gold project near Vernon in southern BC.
All equipment including a diamond drill, D6 Cat, Hitachi excavator and ancillary pumps and hoses have
been mobilized to the Brett property and a temporary camp has been established.
Access trails have
been re-opened and the drill is being moved onto the site of the first drill hole for 2024.
Field work,
including prospecting and surveying activities are also underway.
Photos from Brett Project: Unloading equipment (left) and temporary camp (right)
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Map of Mineralized Zones at Ximen's Brett Project
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The drill program is designed to extend the most prominent mineralized zone at the Brett, the Main Zone
to the southeast and at depth, and to test for extensions to the New Discovery Zone (located east of the
Main Zone). Drill holes were designed and ranked using parameters including gold soil anomalies,
pathfinder element soil anomalies, resistivity, IP chargeability, magnetic anomalies, VLF anomaly,
LiDAR lineaments, porphyry proximity, and high gold assay proximity.
The first drill hole is designed to confirm results of historic holes on the Main Zone and test a western
zone of anomalous gold (see Figure 1)
Figure 1. Longitudinal (left) and Cross Section (right) showing first planned hole for 2024
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The Brett project (20,043 hectares) covers low-sulfidation epithermal-style gold mineralization hosted in
Eocene Penticton Group volcanic rocks. Epithermal-style gold mineralization was discovered in 1983,
and a 291 tonne surface bulk sample was shipped to the smelter at Trail, BC in the 1990's that averaged
27.74 grams per tonne gold and 63.7 grams per tonne silver (Brett 2017 NI 43-101 report). Multiple
zones of mineralization occur over a two kilometer strike, including both bulk-mineable and bonanza high
grade styles.
Ximen conducted LiDAR and airborne magnetic surveys over parts of the Brett property in
2022.
Interpretation, 3D modeling and target refinement were then completed in preparation for the 2024
drilling program.
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
.
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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 1XMA 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.sedarplus.ca
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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