17:15:30 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Ximen Mining Corp (2)
Symbol XIM
Shares Issued 98,728,334
Close 2022-03-30 C$ 0.20
Market Cap C$ 19,745,667
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Ximen Mining receives steel for Kenville portal

2022-03-31 10:30 ET - News Release

Mr. Christopher Anderson reports

XIMEN MINING ACTIVELY PROGRESSING KENVILLE GOLD MINE

Ximen Mining Corp. has received the steel sets required for the initial construction for the new 1,200-metre portal. Despite supply shortages and shipping delays, Ximen has been successful in securing and ordering key supplies and equipment in anticipation of the coming new portal development at the Kenville gold mine.

"We want to thank everyone for the overwhelming community encouragement and support we have received on this long-anticipated project. We also appreciate all the interest from the local suppliers as well as the job inquiries, and we will be addressing these in short order, but please keep in mind we are not quite there yet," states Chris Anderson, chief executive officer of Ximen Mining. "This industrial site will have a small environmental footprint. It has been an objective of Ximen to bring meaningful and impactful jobs to families while providing the opportunity to work and live in close proximity."

The steel arches have all been engineered and were designed to address ground support and head cover. Inside dimensions are 3.5 metres wide and four metres to the top of the arch -- covering a 50-foot area at the entrance of the new portal.

Key assets like the prep lab and assay lab, as well as temporary living and kitchen facilities for the newly constructed housing site, are also anticipated to arrive in a timely fashion. Arrival of equipment and supplies are instrumental in managing a continuous flow once the greenlight for commencement of the new portal is confirmed.

About Ximen Mining Corp.

Ximen Mining owns 100-per-cent interest in three of its precious metal projects located in Southern British Columbia. Ximen's two gold projects are the Amelia gold mine and the Brett epithermal gold project. 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. The option partner is making annual staged cash and stocks payments as well as financing the development of the project. The company has also acquired control of the Kenville gold mine near Nelson, B.C., which comes with surface and underground rights, buildings and equipment.

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