Ximen Mining Reports Drilling Progress
Vancouver, British Columbia (FSCwire) - (TSX-V: XIM) Ximen Mining Corp. (the “Company” or “Ximen”) is pleased to announce that as of August 12th Mr. John Dadds has joined the team as exploration manager to head up and manage Ximen’s current drill program. To date (13) thirteen drill holes have been completed on the Brett epithermal gold project near Vernon. Assay results are expected in late September.
About the Drill Program
Up to 22 holes or approximately 3000 metres of systematic drilling is planned. The drill holes will be aimed to delineate high grade bonanza shoots within the Main Zone mineralized structure as well as target sub-parallel mineralized structures. Spacing is approximately 50 meters apart and to a depth of up to 250 meters
Gold Silver mineralization consists of native gold, electrum and argentite and is associated with multiphase silicification, chalcedony breccias, veins, stockwork veinlets as well as late-state calcite fillings within the silicified zones and veinlets. The structural orientations and interpretation of the breccia zones, veins and veinlets from the systematic drilling will assist in delineating high-grade bonanza shoots.
Past drilling assay results have returned many bonanza-grade drill intercepts through the what has been labeled the Main Zone structure. The best one to date is from hole R-88 with 4.9 ounces per ton (169.6 gpt) over 25.1 feet (7.65 m). Additionally, 10 more intercepts of over one ounce per ton are reported while another 14 intercepts ranging from 0.3 opt to 1.0 ounce per ton are also reported. Besides multiple high grade drilling intercepts, 291 tonnes of ore was removed and processed at the Cominco smelter in Trail, where the recovered values averaged 27.74 g/t Gold and 63.7 g/t Silver.
“We are now into the first 200 days of a major Gold bull market, Ximen is in control and owns 100% of a very large epidermal gold district in southern BC, which has proven to deliver multiply high grade intercepts, backed up with a successful high grade bulk sample. We are currently in the midst of completing a major HQ drill program, with results expected in the next month, things are looking very encouraging.” Say's Mr Anderson, President CEO Ximen Mining Corp.
About the Exploration Manager
Mr Dadds – Exploration Manager, has over 40 years’ experience in gold exploration and mining,
Has held senior positions with Corona Corp, Homestake Mining, and Barrick gold, which included over 18 years as under ground mine exploration Geologist at Eskay Creek Gold Deposit. his exploration successes include the discovery of the Hemlo Gold Deposit and more recently the discovery of the F2 Gold deposit in Red Lake.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
Ximen Mining Corp. 604 488-3900
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing Huldra Silver Mine. 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 A1W2EG.
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. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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.
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ximen09092016.pdf
Source: Ximen Mining Corp. (TSX Venture:XIM)
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