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Ximen Mining Corp (2)
Symbol XIM
Shares Issued 33,731,125
Close 2019-06-03 C$ 0.55
Recent Sedar Documents

Ximen to acquire Cariboo-Amelia mine in B.C.

2019-06-04 06:57 ET - News Release

Mr. Christopher Anderson reports

XIMEN MINING CORP ACQUIRES 100% INTEREST IN ARMELIA GOLD MINE FROM HUAKAN INTERNATIONAL MINING INC.

Ximen Mining Corp. has signed an agreement to acquire certain Crown-granted mineral properties covering the historic Cariboo-Amelia gold mine in Camp McKinney near Baldy Mountain Resort in Southern British Columbia. This acquisition will add to Ximen's significant property holdings in the region.

The Cariboo-Amelia was British Columbia's first dividend-paying lode gold mine and was the most significant producer from Camp McKinney. Over its intermittent 68-year mine life from 1894 to 1962, the Cariboo-Amelia produced 124,452 tonnes ore, of which 112,254 tonnes are reported as milled on site. Recovery included 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead and 198,140 pounds of zinc (lead and zinc since 1940). The average recovered gold grade was 24.68 grams per tonne gold (from BC Minfile).

The acquisition includes the original Cariboo-Amelia Crown-granted claims: Molson (lot 2526s), Paragon (lot 2530s), Burley No. 1 (lot 2531s), Edward VII (lot 3499), Wonder Y (lot 2536s) Last Chance (lot 751), Fontenoy (lot 752), Emma (lot 270), Alice (lot 271), Cariboo (lot 272), Amelia (lot 273), Okanagan (lot 274), Maple Leaf (lot 613), and Sawtooth (lot 952), and Wiarton (lot 856) (082ESW217). The properties Maple Leaf and Wiarton also include the surface rights as originally granted. Total area is 199.46 hectares.

Terms of the deal for a 100-per-cent interest in all the properties involve an exchange for 212,888 shares of Ximen Mining upon Toronto Stock Exchange approval.

Dr. Mathew Ball, PGeo, vice-president, exploration, for Ximen Mining and a qualified person as defined by National Instrument 43-101, approved the technical information contained in this news release.

About Ximen Mining Corp.

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

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