Ximen Mining Announces Trenching Program Has Begun at the Gold Drop Project, Greenwood BC
18 Junho 2014 - 12:05PM
Ximen Mining Corp.'s (TSX-V:XIM) (OTCQX:XXMMF) 2014 exploration
program on the Gold Drop project is underway. Consulting geologist,
Brian Callaghan, is supervising the work program, under the
direction of Linda Caron, M.Sc., P.Eng. Brian holds a Bachelor's
Degree in geology and has worked as an independent consultant since
the early 1980's for a variety of major and junior mining companies
on programs in BC and elsewhere. He has considerable experience
with gold exploration, in both porphyry and epithermal systems.
On the Gold Drop property, initial work is focusing on the Gold
Drop-North Star vein system. The company's geological team has now
traced the vein system in outcrop and in historic pits, trenches
and underground workings expanding the original strike length of
150 meters to 300 metres and up to 2 meters in width. The vein
remains open on-strike to both the north and south, under cover. A
program of due-diligence rock sampling from underground and surface
exposures of the Gold Drop-North Star vein system is continuing and
results are pending. Excavator trenching has begun, plans are to
expose the vein on surface for systematic mapping and
representative sampling, with the goal of identifying sites for
surface bulk sampling. Prospecting is ongoing elsewhere on the
property, to define targets for subsequent trenching.
Highlights of the current 43-101 report on the Gold Drop
include:
- The property has seen high grade gold production as recent as
the 1980's
- The property covers geologically prospective ground in the
well-mineralized Greenwood District, and hosts 8 or more known
low-sulfide, gold-bearing veins or vein systems, including the
North Star, Gold Drop, Amandy, Lakeview and Moonlight
occurrences
- 100's of meters of underground workings on the property
- Close proximity to Kinross's state of the art Kettle River
Operations (Buckhorn mine) mill. Since custom milling opportunities
exist in the district, the Gold Drop property does not necessarily
need to support a stand-alone mine/mill operation to be viable.
Even a small or modest tonnage of high-grade ore could potentially
be profitable to extract.
- Potential also exists on the claims for low-grade, bulk-tonnage
gold mineralization related to broad fracture or stockwork
zones.
- Excellent infrastructure, access and power is available
- Notice of Work permit application is submitted for surface and
undersurface bulk sample
- Notice of Work permit application is also submitted for over
3,000 meters of drilling and trenching
Patrick Forseille, P. Geo., a Qualified Person as defined by NI
43-101, is responsible for the technical information contained in
this release.
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 is a publicly listed company
trading on the TSX Venture Exchange under the symbol XIM, and is
listed on the Frankfurt, Munich, and Berlin Stock Exchanges in
Germany under the symbol 1XM and WKN number is A1W2EG, and trading
on the OTCQX marketplace in the U.S. under the symbol XXMMF.
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
ward@ximenminingcorp.com
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