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Ximen Mining Corp (3)
Symbol XIM
Shares Issued 37,522,715
Close 2024-07-22 C$ 0.165
Market Cap C$ 6,191,248
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Ximen Mining moves drill crew to Brett project

2024-07-23 16:09 ET - News Release

Mr. Christopher Anderson reports

XIMEN MINING MOBILIZING DRILL CREW TO BRETT EPITHERMAL GOLD PROJECT, VERNON BC

Ximen Mining Corp. is mobilizing crews and equipment to start the 2024 drill program at its Brett epithermal gold project near Vernon in Southern British Columbia.

The Brett project (20,043 hectares) covers low-sulphidation epithermal-style gold mineralization hosted in Eocene Penticton Group volcanic rocks. Epithermal-style gold mineralization was discovered in 1983, and a 291-tonne surface bulk sample was shipped to the smelter at Trail, B.C., in the 1990s that averaged 27.74 grams per tonne gold and 63.7 grams per tonne silver (Brett 2017 National Instrument 43-101 report). Multiple zones of mineralization occur over a two-kilometre strike, including both bulk-mineable and bonanza high grade styles. Ximen conducted lidar (light detection and ranging) and airborne magnetic surveys over parts of the Brett property in 2022. Interpretation, 3-D modelling and target refinement were then completed in preparation for the 2024 drilling program.

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 NI 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'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 recently 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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