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Ximen Mining Corp (2)
Symbol XIM
Shares Issued 129,313,899
Close 2023-04-19 C$ 0.16
Market Cap C$ 20,690,224
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Ximen receives final Mines Act permit for Kenville

2023-04-19 07:41 ET - News Release

Mr. Christopher Anderson reports

XIMEN RECEIVES FINAL MINES ACT PERMIT FOR THE KENVILLE GOLD MINE - NELSON BC, CANADA

Ximen Mining Corp. has received the final Mines Act permit for its Kenville gold mine project in southeastern British Columbia.

"The Kenville gold mine, which began operations in 1888, was one of the first underground gold mines in British Columbia. After years of working on this particular permit, the Kenville gold mine is now on track to becoming one of the greenest and environmentally friendly gold mines in Southern British Columbia. While there is still very much to do, our team's tenacity has brought us this far, and we are ready for the next phase of milestones that will finally bring this gold mine to fruition," states Christopher Anderson, chief executive officer, Ximen Mining.

A Mines Act permit was issued to the company for the Kenville mine project approving the following work:

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

The permit is comprehensive and includes several conditions for health and safety, geotechnical, environmental land and watercourses, and the reclamation and closure program. Items to be addressed before starting include:

  • 60 days prior to commencement of construction, engineering drawings must be submitted for surface water ponds, ditches, water management and water treatment system pipelines, pumping systems, or diversion channels;
  • 60 days prior to installation of the required monitoring wells and underground dewatering, the location, installation depths and water level monitoring frequency must be submitted for review and approval;
  • A trigger action response plan (TARP) that addresses potential downstream effects on Eagle Creek associated with groundwater inflow rates to the underground workings must be developed and submitted;
  • Underground development and a ground control management plan must be developed and implemented;
  • Has completed and submitted, waste rock dump construction, a foundation inspection confirming that unsuitable materials have been removed from the footprint area;
  • Prior to initiation of the first blast, two days notification to the senior health and safety inspector, and three business days notification to Fortis BC are required.

Several other items are required once operations commence, as is typical for permits of this type.

The company is very happy to have this permit in hand and can finally focus on developing the Kenville gold mine project. Design work for water management infrastructure is under way and the company is looking forward to starting the mine development and finally getting the project under way.

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 of 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 owns 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 stocks payments as well as financing the development of the project. The company has also in addition acquired 100-per-cent interest in 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 Frankfurt, Munich and Berlin stock exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

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