10:26:46 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Ximen Mining Corp (2)
Symbol XIM
Shares Issued 130,313,899
Close 2023-05-23 C$ 0.13
Market Cap C$ 16,940,807
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Ximen Mining receives water use approval for Amelia

2023-05-23 16:52 ET - News Release

Mr. Christopher Anderson reports

XIMEN MINING RECEIVES WATER USE PERMIT AND ADVANCES DRILLING PLANS FOR AMELIA GOLD MINE, GREENWOOD, BC

Ximen Mining Corp. has received a water use approval for its Amelia project near Rock Creek in Southern British Columbia.

Ximen assembled a land position covering over 3,446 hectares surrounding and including the historic Amelia gold mine. Historic production from the Cariboo-Amelia was 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead and 198,140 pounds of zinc. The average recovered gold grade was 24.68 grams per tonne gold (from B.C. Minfile).

"Ximen Mining has had an excellent start this year, obtaining all the necessary permits for the execution of plans at the Kenville gold mine. Additionally, progress on the drilling activities at the Amelia site is also going well. It is noteworthy that Kenville was one of the first gold mines to be put into production in Southern B.C., and Amelia was the first dividend-paying gold mine in the same region. Ximen Mining proudly owns both of these valuable assets in their entirety," states Chris Anderson, chief executive officer.

Historic data indicate excellent potential in the historic mine.

Under the Water Sustainability Act, in November of 2021 the company applied for a short-term water use permit to draw from various water sources in the area of its Amelia property for drilling. Local sources of water are fully recorded so additional sources were identified that require long distance pumping or trucking of water to drill sites. The Ministry of Forests granted the permit earlier this year. The permit will allow periodic extraction of water from five points of diversion, subject to conditions.

The company is pleased to have this permit in place, which will allow it to proceed with plans for drilling at the Amelia property. Drilling is planed for this season.

Dr. Mathew Ball, PGeo, vice-president of exploration for Ximen Mining and a qualified person as defined by National Instrument 43-101, approved the technical information contained in this news release.

About Ximen Mining Corp.

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