Mr. Christopher Anderson reports
XIMEN COMPLETES IP SURVEY ON
THE BRETT GOLD PROPERTY, VERNON, B.C.
Ximen Mining Corp. has completed its induced polarization
survey on the Brett property. A total of 20 line kilometres of survey were covered
to test the large magnetic-low anomaly that was defined by the recently
completed ground magnetic survey, as well an additional 400 metres to the north.
The newly discovered mag-low anomaly measures 1.1 by 1.1 kilometres in size
and remains open to the north and east. It is a blind target under glacial
till cover, with minimal rock exposed on surface. Elsewhere on the property,
similar (but much smaller) magnetic-low anomalies are associated with known
gold-bearing epithermal veins and associated magnetite-destructive
alteration. Results of the IP survey will be announced shortly, including an
overall update on the Brett property, including an exploration update from
the Gold Drop property.
The company also announces that further to its news release dated April 21,
2014, the company confirms that it will not be proceeding with the
previously announced $5-million financing at an issue price of $1.10 per
common share.
The company further announces that it will not proceed with an option grant
announced on July 17, 2014. The company will grant options to purchase
one million shares to certain officers, consultants and directors of the
company. The options shall be exercisable at a price of 50 cents per
share and shall have a term of two years.
We seek Safe Harbor.
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