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Ximen Mining Corp (2)
Symbol XIM
Shares Issued 39,412,564
Close 2019-08-13 C$ 0.57
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Ximen Mining partner moves drill to Treasure Mountain

2019-08-14 07:29 ET - News Release

Mr. Christopher Anderson reports


Ximen Mining Corp.'s option partner, New Destiny Mining Corp., is mobilizing a drill to the Treasure Mountain silver property, located near Tulameen, B.C.

New Destiny Mining recently completed an initial program of rock chip sampling, trenching and drill site preparation and announced assay highlights from samples. At the Superior (Lucky Todd) prospect, results ranged up to 1.6 per cent copper, 0.87 gram per tonne gold and 109 grams per tonne silver on one sample, and 0.36 per cent copper and 3.99 grams per tonne gold in another. At the Railroad prospect, results ranged up to 1.06 per cent copper and 264 grams per tonne silver in one sample, and 0.95 gram per tonne gold, 0.9 per cent zinc and 0.4 per cent lead in another sample. All samples were chip samples of varying widths between 0.3 and 1.5 metres. The true widths of the zones are unknown at this stage.

Based on the above results, New Destiny is mobilizing a diamond drill drilling to further test the Superior (Lucky Todd) and Railroad Creek prospects with scout holes across the mineralized zones. The company is also continuing field exploration work at the Jamie Creek area, where previous sampling returning values up to 11.3 grams per tonne gold. Follow-up work could include diamond drilling later in the season if results are positive.

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 and other elements was by four-acid digestion with ICP-MS finish. Overlimit results for silver were reanalyzed by HF-HNO3-HClO4 digestion with HCl leach, with an ICP-AES or AAS finish. Overlimit results for copper were analyzed for total copper by four-acid digestion and ICP or AAS finish. Field quality control samples were not included with the sample batch due to the limited number of samples.

Dr. Mathew Ball, PGeo, vice-president of 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 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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