VANCOUVER, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Ximen Mining (TSXV:XIM) (OTCQB:XXMMF) (FSE:1XMA) ) is proceeding with its plan for underground mine exploration development at its Brett epithermal gold property, which is located 30 kilometres west of Vernon, in southern British Columbia, where surface exploration has been delayed over recent years, first due to the pandemic and then due to access issues resulting from wildfire and flooding events. Airborne magnetic and LIDAR surveys were the only activities conducted.
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The new mine development will provide access for underground drilling and explore the Main Zone to the northwest. This development will follow the Main Zone and provide points from which to test parallel structures by underground diamond drilling. It is anticipated that this program will result in definition of mineralized zones for underground bulk sampling. A permit application for the work has been submitted and is now in the early stage of review.
In 1996, a surface bulk sample was collected from the RW and TR-21 zones. A total of 291 tonnes at an average grade of 27.74 g/t gold and 63.7 g/t silver were smelted in Trail.
Significant mineralization in the Bonanza Zone is substantiated by several diamond drill holes, including historic hole 87-29, which intersected 25.24 g/t gold over a length of 8.62 metres.
Historic reverse circulation hole R88-11 intersected 69.52 g/t gold (2 oz per ton) over 71.6 metres in the Bonanza Zone, which prompted underground development to test the possibility of developing a high-grade gold mine.
Significant intercepts from 2016 were 18.95 g/t gold over 1 metre, 3.13 g/t Au over 1.1 m, 13.35 g/t Au over 0.58 m and 5.7 g/t Au over 0.5 m in holes 1, 2, 11 and 17.
Ximen is continuing to advance its conceptual fast-track development schedule for the Kenville Bulk Sample.
In addition to the Brett Epithermal Gold Project and the Kenville Gold Mine, Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under an option agreement, with the option partner making annual staged cash and stocks payments as well as funding the development of the project.
The shares are trading at $0.13. For more information, please visit the company's website, , contact Christopher R. Anderson, President and CEO, at 604-488-3900. For Investor Relations, contact Sophy Cesar, at 604-488-3900 or by email at ir@XimenMiningCorp.com.
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温哥华,不列颠哥伦比亚省,2023年1月12日(环球网)--西门矿业(多伦多证券交易所股票代码:XIM)(OTCQB:XXMMF)(FSE:1XMA)正在推进其在不列颠哥伦比亚省南部布雷特浅成热液金矿的地下采矿勘探开发计划,该金矿位于不列颠哥伦比亚省南部弗农以西30公里处,近几年来该地区的地表勘探一直被推迟,首先是由于疫情,然后是由于野火和洪水事件导致的准入问题。航空磁力和激光雷达调查是唯一进行的活动。
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新的矿山开发将为地下钻探提供通道,并向西北方向勘探主区。这一开发将沿着主区进行,并提供通过地下钻石钻探测试平行结构的点。预计这项计划将确定用于地下批量采样的矿化带。这项工作的许可申请已经提交,目前正处于审查的早期阶段。
1996年,从RW区和TR-21区收集了一批地表样品。总计291吨,平均品位为27.74克/吨金和63.7克/吨银都是在特雷尔冶炼的。
博南萨地区的重要矿化由几个钻石钻孔证实,包括历史悠久的第87-29号孔,它与长度为8.62米的黄金25.24克/吨。
历史反循环井R88-11相交71.6米以上69.52克/吨黄金(每吨2盎司)在博南萨区,这促使地下开发,以测试开发高品位金矿的可能性。
2016年以来的重大截获是1米以上18.95克/吨黄金在1、2、11和17孔,1.1m以上的Au为3.13g/t,0.58m以上的Au为13.35g/t,0.5m以上的Au为5.7g/t。
西门正在继续推进肯维尔散装样品的概念性快速通道开发时间表。
除了布雷特低温热液金矿项目和肯维尔金矿外,西门还拥有宝山银矿项目,毗邻过去生产的Huldra银矿。目前,宝山白银项目正在签订期权协议,期权合作伙伴每年分期支付现金和股票,并为项目的发展提供资金。
该股目前的交易价格为0.13美元。欲了解更多信息,请访问公司网站,联系克里斯托弗·R·安德森、总裁兼首席执行官,电话:6044883900。欲了解投资者关系,请联系索菲·塞萨尔,电话:604-488-3900,电子邮件:ir@XimenMiningCorp.com。
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