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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溫哥華,不列顛哥倫比亞省,2023年1月12日(環球網)--西門礦業(多倫多證券交易所股票代碼:XIM)(OTCQB:XXMMF)(FSE:1XMA)正在推進其在不列顛哥倫比亞省南部佈雷特淺成熱液金礦的地下采礦勘探開發計劃,該金礦位於不列顛哥倫比亞省南部弗農以西30公里處,近幾年來該地區的地表勘探一直被推遲,首先是由於疫情,然後是由於野火和洪水事件導致的準入問題。航空磁力和雷射雷達調查是唯一進行的活動。
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新的礦山開發將為地下鑽探提供通道,並向西北方向勘探主區。這一開發將沿著主區進行,並提供通過地下鑽石鑽探測試平行結構的點。預計這項計劃將確定用於地下批量採樣的礦化帶。這項工作的許可申請已經提交,目前正處於審查的早期階段。
1996年,從RW區和TR-21區收集了一批地表樣品。總計291噸,平均品位為27.74克/噸金和63.7克/噸銀都是在特雷爾冶煉的。
博南薩地區的重要礦化由幾個鑽石鑽孔證實,包括歷史悠久的第87-29號孔,它與長度為8.62米的黃金25.24克/噸。
歷史反迴圈井R88-11相交71.6米以上69.52克/噸黃金(每噸2盎司)在博南薩區,這促使地下開發,以測試開發高品位金礦的可能性。
2016年以來的重大截獲是1米以上18.95克/噸黃金在1、2、11和17孔,1.1m以上的Au為3.13g/t,0.58m以上的Au為13.35g/t,0.5m以上的Au為5.7g/t。
西門正在繼續推進肯維爾散裝樣品的概念性快速通道開發時間表。
除了佈雷特低溫熱液金礦專案和肯維爾金礦外,西門還擁有寶山銀礦專案,毗鄰過去生產的Huldra銀礦。目前,寶山白銀專案正在簽訂期權協定,期權合作夥伴每年分期支付現金和股票,並為專案的發展提供資金。
該股目前的交易價格為0.13美元。欲瞭解更多資訊,請訪問公司網站,聯繫克裡斯托弗·R·安德森、總裁兼首席執行官,電話:6044883900。欲瞭解投資者關係,請聯繫索菲·塞薩爾,電話:604-488-3900,電子郵件:ir@XimenMiningCorp.com。
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