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Ximen Mining Corp (2)
Symbol C : XIM
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Close 2019-06-06 C$ 0.46
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Ximen partner completes 20 drill holes at Gold Drop

2019-06-06 07:27 ET - News Release

Mr. Christopher Anderson reports


Ximen Mining Corp.'s option partner, GGX Gold Corp., has completed 20 diamond drill holes on the COD vein at the Gold Drop property in the Greenwood mining camp.

The company deployed one drill rig for infill drilling on the COD vein to explore the vein between and below the significant intercepts obtained last year. The highlights of the 2018 diamond drilling program were drill holes COD18-67 and COD18-70 that intersected near-surface, high-grade gold, silver and tellurium in a newly discovered southern extension of the COD vein. Highlights from 2018 include the following intercepts:

  • COD18-67: 129 grams per tonne gold, 1,154 g/t silver and 823 g/t tellurium over 7.28 metres of core length;
  • COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90 metres of core length.

Since the start of the season in mid-April, 20 holes have been completed for a total of 1,217 metres cored. Ten holes intersected the COD quartz vein at their target depths, of which eight vein intercepts were visibly mineralized with pyrite. Two of the intercepts also contained possible telluride mineralization and one intercept contained visible gold. In the COD vein, elevated silver, gold and tellurium values are associated with a silver-grey mineral thought to be the telluride mineral named sylvanite.

The drill core is currently being logged and cut in half with a diamond saw at GGX's facility in Greenwood, B.C. Half-core samples will be shipped for assay early in June.

Further exploratory drilling is also being planned to test the southern extension of the COD vein, the Everest vein that was discovered in 2018 and on the COD North vein. The Gold Drop mine is also a target for further exploration.

Dr. Mathew Ball, PGeo, vice-president, exploration, for Ximen Mining and a qualified person as defined by NI 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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