Ximen Mining (TSXV:XIM) (OTCQB:XXMMF) (FSE:1XMA), prepares conceptual mine model & underground exploration plan for its 100% owned Brett Epithermal Gold Project near Vernon B.C. The new mine development will provide access for underground drilling and explore the Main Zone to the northwest. It is anticipated that this program will result in definition of mineralized zones for underground bulk sampling.
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Ximen Mining (TSXV:XIM) (OTCQB:XXMMF) (FSE:1XMA) is proceeding with its plan for underground mine exploration development at its Brett Property.
The Brett epithermal gold project 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.
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.
Since its discovery in 1983, a total of 160 surface diamond drill holes totalling 20,945 meters and several reverse circulation holes have been completed on the property.
Most of the drilling targeted the Main Zone, a northwest trending fault, where high-grade gold is hosted in quartz-carbonate veins associated with a northwest-trending fault zone.
The veins contain visible gold and show textures characteristic of an epithermal deposit, including bladed calcite.
To date, surface exploration has delineated multiple mineralized zones.
Along the Main Zone, the TR-21, Bonanza Zone, RW vein, North Extension Zone were identified.
The Tuff Zone also lies along the Main Zone at depth below the TR-21 and Bonanza zones.
Parallel zones were also discovered, including the TR-1, Stockwork, 490 and Border zones.
East of the Main Zone the New Discovery and East Zones were discovered.
Bordering all these are the Gossan and West Zones, which are large areas of altered rocks with gold geochemical anomalies.
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 Au and 63.7 g/t Ag 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 Au over a length of 8.62 meters.
Historic reverse circulation hole R88-11 intersected 69.52 g/t Au (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.
In 1994-5, an underground adit was driven 250 m to access the Bonanza Zone.
A raise was driven up from the drift to intersect the RC88-l1 within the shear zone.
This work failed to outline high-grade mineralization and it was concluded that the large intercept in hole RC88-11 was due to down-hole contamination.
Since acquiring the property, Ximen has conducted two surface drilling programs.
The 2014 program discovered two new gold-bearing zones, with results including 34.18 g/t Au over 0.9 m from one zone and 16.7 g/t Au over 1.5 m from the second.
Significant intervals of bulk tonnage gold mineralization were also intercepted, including 1.77 g/t Au over 31m, 1.88 g/t Au over 16.55m and 0.82 g/t Au over 33m.
Significant intercepts from 2016 were 18.95 g/t Au over 1m, 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, www.XimenMiningCorp.com, 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.
