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Ximen Mining and GGX Gold report more high-grade, near-surface gold-silver with tellurium from B.C.

by Greg Klein | January 21, 2019

Ximen Mining and GGX Gold report more high-grade, near-surface gold and silver with tellurium from southern B.C.

Visible gold brings new potential to an historic British Columbia camp.

 

Heralding the results as once again “some of the highest-grade intersections ever drilled over the last 100 years in the Greenwood gold mining camp,” Ximen Mining TSXV:XIM CEO Chris Anderson welcomed the latest Gold Drop news from optionee GGX Gold TSXV:GGX. The property was one of the former gold and silver mining sites in the historic camp about 500 kilometres by highway east of Vancouver.

Following the previous week’s batch featuring 129 g/t gold and 1,154 g/t silver over 7.28 metres, these assays come from the final four holes of an 11-hole November campaign on the southern extension of Gold Drop’s COD vein. All holes were sunk within 25 metres of two 2018 holes and “suggest a continuous high-grade gold mineralized structure has been confirmed,” Ximen stated.

The standout of this batch was COD18-70, which showed:

  • 107.5 g/t gold and 880 g/t silver over 6.9 metres, starting at 22.57 metres in downhole depth
  • (including 541 g/t gold, 4,532 g/t silver and >500 g/t tellurium over 0.85 metres)
Ximen Mining and GGX Gold report more high-grade, near-surface gold and silver with tellurium from southern B.C.

Some other highlights featured:

COD18-68

  • 8.77 g/t gold, 85.4 g/t silver and 56.3 g/t tellurium over 2.76 metres, starting at 19.49 metres
  • (including 14.47 g/t gold, 131.8 g/t silver and 87.9 g/t tellurium over 1.39 metres)

COD18-69

  • 5.76 g/t gold, 67.9 g/t silver and 61.2 g/t tellurium over 7.46 metres, starting at 26.72 metres
  • (including 9.77 g/t gold, 95 g/t silver and 110 g/t tellurium over 0.8 metres)
  • (and including 70.9 g/t gold, 569 g/t silver and 278 g/t tellurium over 0.4 metres)

True widths were unavailable.

GGX acts as operator under an option to earn 100% of the project. Should GGX fulfill the 100%, Ximen may form a JV by reimbursing GGX 30% of its spending to that date. Ximen retains a 2.5% NSR.

Also in southern B.C., Ximen plans springtime underground drilling and remedial work for its flagship Brett project in the Okanagan region. Metallurgical tests on 1990s material stockpiled during early-stage mine development support an historic report of 4 g/t to 5 g/t gold, the company announced in November.

About a three and a half hour drive northeast of Vancouver, Ximen holds the Treasure Mountain property near Nicola Mining’s (TSXV:NIM) Treasure Mountain silver project, the location of underground mining in 2008 and 2013.

In late December Ximen closed a private placement of $540,000 and offered another private placement of $250,000.

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