04:31:50 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Ximen Mining Corp (2)
Symbol XIM
Shares Issued 116,399,613
Close 2022-12-16 C$ 0.055
Market Cap C$ 6,401,979
Recent Sedar Documents

Ximen Mining still awaiting Kenville mine permits

2022-12-16 10:03 ET - News Release

Mr. Christopher Anderson reports

XIMEN MINING UPDATE ON PERMIT STATUS AT KENVILLE GOLD MINE - SOON TO BE ONE OF THE GREENEST GOLD MINES - NELSON, BC

In a recent call with Ximen Mining Corp.'s liaison officer from Major Mines of British Columbia on Dec. 8, 2022, senior management from Ximen discussed the need to update shareholders regarding the current status of the Kenville gold mine permit, which has now been a nearly four-year process. The parties agreed that the following was an acceptable update for release.

The company is expecting two permits -- one from the Ministry of Energy, Mines and Low-Carbon Innovation and one from the Ministry of Environment.

The draft permit from the Ministry of Energy, Mines and Low-Carbon Innovation is now complete and will be provided any day. The mines department is finalizing specifics related to the permit area and the amount of the reclamation bond to be required. The company expects that the area will be directly related to its 100-year-old owned Crown grants that cover both surface and underground rights as well as additional rights related to these Crown grants. The reclamation bond has been previously discussed in detail and the company does not expect anything out of the ordinary course of business.

The draft permit from the Ministry of Environment has been prepared with all conditions and interdepartment reviews completed and recommendations to address the company's activities. This is expected to be forwarded to the company any day.

The permits from the Ministry of Energy, Mines and Low-Carbon Innovation and the Ministry of Environment will come with conditions. There will be a brief review period, and, if acceptable, Ximen will sign off in agreement and the final permit to commence work will be issued.

If there are any questions or comments, please feel free to reach out to Ximen's office and the company will be happy to respond. The company has continuously engaged with the community and provided tours and site visits to all interested parties. This has been a cumbersome process, but it is Ximen's objective to preserve this site as it has been for the last 100 years and create many impactful, meaningful and well-paying jobs for the region as well as maintain a small environmental footprint, aiming to be one of the greenest gold producers in British Columbia and a leader in the company's industry. The power to the site is hooked up and tied in to the energy from the Kootenay dam as well. All drilling will be contained in the underground development using pneumatic drills. The compressors and lines are all installed, powered up and ready to be deployed.

Ximen understands it has been a long wait and the last couple of years have been challenging for all. The company appreciates your continued support and patience and wants to assure everyone that all departments, the Ministry of Energy, Mines and Low-Carbon Innovation, the Ministry of Environment, and the Ximen team have been working diligently to finalize this process in the best interest of all parties concerned.

"We are all part of a diverse natural community here in the Kootenays, and its important that we all do the best we can as custodians to preserve the beauty and nature that is in our trust while providing opportunities for our families and the community as a whole," stated Christopher Anderson, chief executive officer.

Technical disclosure in this news release has been approved by Dr. Mathew Ball, PGeo, a qualified person as defined by National Instrument 43-101 and vice-president, exploration, for Ximen Mining.

The company has granted one million restricted share units (RSUs) to its directors, officers, employees and consultants. The RSUs are payable in common shares of the company. The RSUs are not transferable and will be subject to a four-month hold period from the date of grant and any applicable regulatory acceptance.

About Ximen Mining Corp.

Ximen Mining owns a 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, which is 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 stock 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.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the United States under the symbol XXMMF, and on the Frankfurt, Munich and Berlin stock exchanges in Germany under the symbol 1XMA and on the WKN with the symbol A2JBKL.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.