03:19:31 EDT Mon 29 Apr 2024
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USA
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Ximen Mining Corp (2)
Symbol XIM
Shares Issued 129,313,899
Close 2023-04-06 C$ 0.15
Market Cap C$ 19,397,085
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Ximen Mining to post reclamation bond for Kenville

2023-04-10 09:45 ET - News Release

Mr. Christopher Anderson reports

XIMEN TO POST RECLAMATION BOND FOR KENVILLE GOLD MINE NELSON, BC

Ximen Mining Corp. has been requested to post an additional security deposit for reclamation at its Kenville gold mine project in southeastern British Columbia.

The company has just received a letter from the Ministry of Energy, Mines and Low-Carbon Innovation (EMLI) formally requesting additional reclamation security bonding for the Kenville project. A top-up amount of $83,000 has been requested to bring the total security amount held to $103,800. A former permit on the property will be closed and all outstanding reclamation liability rolled into a single Mines Act permit.

"We are pleased to have received the request to post additional reclamation security bonding for the Kenville gold mine project, as this signifies that permitting is finally close at hand. We are committed to fulfilling our reclamation obligations and look forward to moving forward with the project as soon as possible," stated Christopher Anderson, chief executive officer of Ximen Mining Corp.

Reclamation bonding is the final step before the Mines Act permit is granted and the request for security signifies that permitting is finally close in hand for the Kenville mine project. The company will be active as soon as the snow melts to build some required water management infrastructure and is anticipating breaking ground within months to start the mine project.

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 British Columbia. Ximen's two gold projects, 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 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 WKN with the number as A2JBKL.

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