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Ximen Mining Corp (2)
Symbol XIM
Shares Issued 128,113,899
Close 2023-02-23 C$ 0.14
Market Cap C$ 17,935,946
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Ximen receives draft Mines Act permit for Kenville

2023-02-23 16:42 ET - News Release

Mr. Christopher Anderson reports

XIMEN RECEIVES MINES PERMIT KENVILLE GOLD MINE NELSON, BC

Ximen Mining Corp. has received the draft of the Mines Act permit for the underground development program at its Kenville gold mine from the B.C. government.

The company has now received two permits in draft, one from the Ministry of Environment and this recent one from the Ministry of Energy, Mines and Low-Carbon Innovation. The draft environmental permit was received earlier and has been reviewed and approved by Ximen. The company has now submitted its final responses and it anticipates the final permit to be issued shortly.

Now received is the all-important Mines Act permit draft approving the following key activities:

  • Establishment of the new Venango portal and 1,200 metres of decline development at this portal with associated remucks, safety bays and sumps;
  • Underground exploration drilling (20,250 m) from the new Venango decline;
  • Establishment of one waste rock storage facility (approximately 3,750 square metres);
  • Installation of surface water management structures;
  • Location of one portable office structure;
  • On-site fuel storage (two 4,500 enviro tanks).

The company is very pleased with the permit draft and has reviewed the conditions that apply prior to and during the development program, a majority of which have already been met. Ximen is making a final review of the exact wording and conditions. Once its review has been completed and relayed to the mines department, the final Mines Act permit is expected to be received.

Key highlights of the draft permit conditions are:

  • Reclamation security: $103,800 must be posted with the Minister of Finance;
  • Construction to be completed under the supervision of a professional engineer;
  • Finalizing the development and implementation of a ground control management plan that is consistent with industry standards;
  • Waste rock dumps must be developed in accordance with the design and recommendations prepared by a professional engineer;
  • A foundation inspection must be completed by a professional engineer prior to waste rock dump construction;
  • A monitoring well pair (shallow and deep) located near the underground workings must be installed and continuously monitored for water levels;
  • The Archaeological Chance Find Procedure (CFP) must be implemented prior to commencement of work.

This permit brings the company one step closer to moving forward into a more sustainable self-reliant economy, working at expanding the art of underground mining, a long industrious trade that empowers those executing the work with a sense of accomplishment and pride, while maintaining its environment and utilizing hydro, a green energy source to advance the project.

The Kenville gold mine is again making firsts; it was the first underground gold mine in British Columbia, and now will be achieving a first, as Ximen completes one more milestone, bringing it closer to empowering families with the opportunity to embrace a sustainable income, all within 15 minutes of their homestead.

This, while respecting and maintaining the beauty and abundance of all that surrounds the company and adds to the quality of lives, providing for your family, building a happy healthy community, while doing it in a socially responsible manner with minimal impact on the environment. This is Ximen's focus, as it proudly advances toward opening what it considers to be one of the greenest gold mines in Southern B.C., the Kenville gold mine.

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.

About Ximen Mining Corp.

Ximen Mining owns 100-per-cent interest in three of its precious metal projects located in Southern B.C. 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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