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Ximen Mining Corp (2)
Symbol C : XIM
Shares Issued 33,331,125
Close 2019-05-24 C$ 0.52
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New Destiny to begin prep for Treasure Mtn exploration

2019-05-27 08:24 ET - News Release

See News Release (C-NED) New Destiny Mining Corp (2)

Mr. Robert Birmingham of New Destiny reports


New Destiny Mining Corp.'s Treasure Mountain silver property covers 10,700 hectares of geologically prospective ground adjacent to Nicola Mining Inc.'s Treasure Mountain property (site of the historic Treasure Mountain silver-lead-zinc mine). New Destiny has optioned the Treasure Mountain property from Ximen Mining Corp. The Treasure Mountain silver property hosts at least seven gold, silver, lead, zinc and/or copper B.C. Minfile occurrences in various regions. These include gold-quartz vein, polymetallic veins and porphyry type showings. Some of these mineral occurrences have associated historic underground workings. The property occurs within the Intermontane terrane, which hosts numerous porphyry copper deposits.

For 2019, the company obtained a permit to conduct diamond drilling and trenching on the property. Based on results of previous years, three areas were selected for follow-up trenching and drilling. The company is now mobilizing to begin construction of drill pads and clearing of trench sites.

The work program will consist of trenching and rock sampling in target areas selected from previous programs, followed by diamond drilling in selected areas. The targets include areas of soil/rock geochemical anomalies identified during previous work programs on the property. One target area is located in the east region of the property in the Vuich Creek area, where a porphyritic dike sample returned 8.81 grams per tonne gold. Other samples in this area were also anomalous for copper.

The company identified a new target area during 2018 in the northeast region of the property, where rock samples from an old mine on Jim Kelly Creek assayed 11.3 grams per tonne gold. Another priority area is at Railroad Creek, where rock geochemical anomalies for copper (8,940 parts per million Cu) were identified during last year's field program.

Analytical results reported above were performed by ALS Laboratories in North Vancouver, B.C., which is an independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on 50-gram subsamples. Analyses for copper was by four-acid digestion with ICP-MS finish.

David Martin, PGeo, a qualified person as by National Instrument 43-101 and consultant from New Destiny Mining, is responsible for the technical information contained in this news release.

About Ximen Mining Corp.

Ximen Mining owns 100-per-cent interest in all three of its precious metal projects located in Southern British Columbia. Ximen's two gold projects are the Gold Drop project and the Brett epithermal gold project. Ximen also owns the Treasure Mountain silver project adjacent to the past-producing Huldra silver mine. Currently both the Gold Drop project and the Treasure Mountain silver project are under option agreements.

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