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Ximen Mining Corp (2)
Symbol XIM
Shares Issued 147,714,397
Close 2023-09-12 C$ 0.075
Market Cap C$ 11,078,580
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Ximen Mining completes Wild Horse drilling program

2023-09-12 16:59 ET - News Release

Mr. Christopher Anderson reports

XIMEN COMPLETES DRILLING AT WILD HORSE GOLD PROJECT CRANBROOK BC

Ximen Mining Corp. has completed a drill program at its Wild Horse project near Cranbrook in southeastern British Columbia.

The Wild Horse project lies within the regional Kimberley gold trend and covers source areas for the famous historic Wild Horse River placer gold deposit near Fort Steele and Cranbrook in southeastern B.C. Bedrock gold was first discovered in this area as early as 1895. Gold-bearing quartz veins and breccias were drilled in 2016 and 2021, on Ximen's property, indicating potential for a bulk-minable gold deposit.

This year, Ximen tested another area where a gold soil anomaly and abundant boulders of syenite were found along the mapped position of the Boulder Creek fault (B.C. Assessment report 30952). The syenite is believed to be part of a mid-Cretaceous plutonic suite that is spatially associated with gold mineralization in the Kimberley gold trend. The Boulder Creek fault is a regional fault that is interpreted as an eastward continuation of the St. Mary fault (B.C. Geology Survey bulletin 84). Both faults are associated with gold deposits in the Kimberley gold trend (Geoscience B.C. map 2015-13-01).

A total of 528.7 metres were drilled in hole WH23-01, which intersected multiple carbonate-quartz veins and an altered and veined zone associated with a porphyry dike intruding limy argillite and limestone. Core samples were cut and submitted for analysis. Results are pending at this time.

Readers are cautioned that historical records referred to in this news release have been examined but not verified by a qualified person. Further work is required to verify that historical records referred to in this news release are accurate.

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 owns a 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.

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 in Frankfurt, and Munich and Berlin, Germany, under the symbols 1XMA and WKN, with the number as A2JBKL.

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