Ximen Mining Corp Starts Shortly the Decline to Bulk Sample 10,000 tonnes at Kenville Gold Mine
Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB:XXMMF) (the ?Company? or ?Ximen?) provides the following update on plans for exploration development and bulk sampling at its 100% owned Kenville Gold Mine in Nelson, BC.
?From exploration to production, we aspire to pour our first Dore bar as early as the end of this year.?
States Anderson CEO
A new underground decline is planned to be driven 466 metres as a line drive at -15% grade from a starting elevation of 810 metres to the 740 metre elevation, then a further 40 metres at +3%.
Underground diamond drilling from the decline is planned to begin at about 200 metres from the portal. This drilling will follow-up historic 1995 drill intercepts on the Eagle veins, in an area where mineralized shoots are projected down from historic mined areas on the 257 and 275 levels.
The 500 metre end-position of the planned decline is in line with a projection of mineralized shoots from the historic mine.
Note: The above tables are based on information provided by previous operators that is considered historical.undeveloped mineralization at the Kenville property.
It is estimated that 4500 metres of underground drilling will be required to appropriately outline material for a bulk sample of 10,000 tonnes.
Note: The technical information contained in this news release was obtained from the Kenville project database and is dated prior to 2016.
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
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in all three of its precious metal projects located in southern BC.ements. The option partners are making annual staged cash and stocks payments as well as funding the development of these projects. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia and The Amelia Gold Mine in the center of the McKinney Gold Camp.
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 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.
Die PresseMitteilung stellt eine Meinungsäußerung des Erfassers dar. Der Erfasser hat versichert, dass die eingestellte PresseMitteilung der Wahrheit entspricht, dass sie frei von Rechten Dritter ist und zur Veröffentlichung bereitsteht. businesspress24.com macht sich die Inhalte der PresseMitteilungen nicht zu eigen. Die Haftung für eventuelle Folgen (z.B. Abmahnungen, Schadenersatzforderungen etc.) übernimmt der Eintrager und nicht businesspress24.com