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Ximen Mining gold acquisition continues southern B.C. expansion

by Greg Klein | June 4, 2019

Adding to its portfolio of southern British Columbia past-producers, Ximen Mining TSXV:XIM announced the 100% acquisition of the former Amelia gold operation. Amelia’s 199.46 hectares cover the Cariboo-Amelia mine, which underwent intermittent operation from 1894 to 1962. During that time it produced 124,452 tonnes for 81,602 ounces of gold, 32,439 ounces of silver and, since 1940, 113,302 pounds of lead and 198,140 pounds of zinc, according to B.C. government data cited by Ximen. Gold grades averaged 24.68 g/t.

Ximen Mining gold acquisition continues southern B.C. expansion

On TSXV approval, Ximen gets the Kootenay-region property for 212,888 shares.

The company’s southern B.C. holdings include a 100% stake in the Brett property about 29 kilometres west of Vernon. The 20,025-hectare epithermal gold project features historic grades as high as 168 g/t gold over 1.3 metres, as well as surface trench samples of 291 tonnes averaging 28 g/t gold and 64 g/t silver. Epithermal deposits provide some of the world’s largest and highest-grade gold mines, Ximen states.

In B.C.’s historic Greenwood camp, Ximen has optioned its Gold Drop project to GGX Gold TSXV:GGX, which began spring drilling in April. (Update: On June 6 Ximen and GGX announced the program had finished, with assays pending for 20 holes totalling 1,217 metres. Further drilling is planned.) An extensive campaign last year found high-grade, near-surface gold-silver intercepts, along with tellurium.

Also in April Ximen staked the Providence claim, another 12,900 hectares surrounding Gold Drop and bordering other active projects in this busy camp dotted with former workings. The company has rock and soil sampling, along with trenching planned for Providence.

A few days after that acquisition, Ximen optioned a numbered company whose chief asset is an option on another Greenwood property, the Kenville project.

Last month a program of sampling, trenching and drilling began on Ximen’s Treasure Mountain silver property by option partner New Destiny Mining TSXV:NED. Located about four hours northeast of Vancouver, the 10,700-hectare property is proximal to Nicola Mining’s (TSXV:NIM) Treasure Mountain silver project, where underground mining most recently took place in 2008 and 2013.

On April 16 Ximen closed a private placement of $405,000.

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