Ximen's Engineering Team Initiates Due Diligence at the Merritt Mill Facility This Week
08 Abril 2014 - 10:05AM
Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") is
pleased to announce that TESC Contracting Company Ltd. ("TESC"), an
established mining contractor servicing both major and junior firms
in the mining industry, has joined Ximen's technical team as a
strategic advisor. TESC will provide advice in connection with the
due diligence to be conducted by the Company in connection with a
possible acquisition of Huldra Silver's facilities including its
mill and tailings facility. The Ximen team and representatives from
TESC will be meeting with Huldra Silver representatives at the
Merritt mill facility to initiate the due diligence this week.
"We are pleased to align ourselves with TESC and look forward to
the opportunity of building a longer term relationship. TESC's
initial role will be essential to identify and evaluate the current
status at the Merritt mill facility, while also determining if
there is an opportunity to expand this facility into a central hub
for milling in the region. It is rejuvenating to work with a
likeminded entrepreneurial group that can embrace the bigger
vision."
Christopher R Anderson, President and CEO
TESC is a multi-disciplined contracting company offering
integrated, single-source and responsible construction services to
the mining sector for over 30 years. With over three decades of
operations, TESC has developed expertise in mine construction and
rehabilitation, servicing clients ranging from advanced exploration
stage resource companies to established global mining companies.
TESC is led by an entrepreneurial management team that aims to work
with clients on an interest-aligned basis, and prides itself on its
high standards of workmanship, customer service and integrity.
"This opportunity fits extremely well with TESC's new business
initiatives. We are very happy to be aligned with, and
advising Ximen on this project."
Dario Zulich, President and CEO
The transaction is subject to approval from the court and the
creditors in the CCAA proceeding and the TSX Venture Exchange.
Ximen intends to commence legal, financial and commercial due
diligence shortly.
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. Recently, the Company has entered into a
due diligence agreement with Huldra Silver Inc. (TSX-HDA) for the
purposes of determining the feasibility, terms and conditions of a
proposal for the acquisition of Huldra Silver. Ximen is a publicly
listed company trading on the TSX Venture Exchange under the symbol
XIM, and is listed on the Frankfurt (1XM), Stuttgart and Berlin
Stock Exchanges (U9U) in Germany under the symbol A1W2EG.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director, Ximen
Mining Corp.
This press release includes certain statements that may be
deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
future exploration drilling, exploration activities and events or
developments that the Company expects, are forward looking
statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include exploitation and exploration
successes, continued availability of financing, and general
economic, market or business conditions.
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.
CONTACT: Ward Kondas
604-488-3900
email: ward@ximenminingcorp.com
Ximen Mining (TSXV:XIM)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Ximen Mining (TSXV:XIM)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025