Ximen to Drill Amelia Gold Property
Ximen to Drill Amelia Gold Property
VANCOUVER, BC / ACCESSWIRE / June 9, 2022 / Ximen Mining Corp.
(TSX.V:XIM) (FRA:1XMA) (OTCQB:XXMMF) (the "Company" or "Ximen") announces that
drilling is planned to start this month at its Amelia gold property near Greenwood in
southern British Columbia.
Ximen now controls over 21,450 hectares of mineral properties in the Greenwood
Mining Camp. The Amelia gold property is located west of Rock Creek and consist of
3,425 hectares of claims surrounding the historic Cariboo-Amelia gold mine (see figure
below). Historic production was 81,602 ounces of gold, 32,439 ounces of silver,
113,302 pounds of lead and 198,140 pounds of zinc. The average recovered gold grade
was 24.68 grams per tonne gold.
Map of Amelia Gold property showing mineral occurrences and major gold-quartz veins.
Photo of historic Amelia mine head frame on Cariboo quartz vein.
The Amelia drill permit is for a total of 38 drill sites, with 19 sites approved for the first
year. Multiple holes can be drilled from each of the sites, so the permit allows for
approximately 11,400 meters to be drilled this year. Drill holes are planned initially to
test at depth below the mine, followed by testing for an extension of the veins to the
east.
Perspective view of the 3D model for the historic Cariboo-Amelia mine showing the vein
models (red) and planned drill holes.
Assays up to 103 grams per tonne gold were obtained by Ximen for grab samples of
mineralized vein material from the historic mine area (news release dated Oct. 22,
2020).
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:
Sophy Cesar
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 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.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.
SOURCE: Ximen Mining Corp.