Monday 17th June 2019

Resource Clips


Posts tagged ‘tellurium’

Ximen Mining gold acquisition continues southern B.C. expansion

June 4th, 2019

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.

Ximen Mining to do due diligence on B.C.’s first underground gold mine

April 8th, 2019

by Greg Klein | April 8, 2019

Ximen Mining to do due diligence on B.C.’s first underground gold mine

Connected to power and paved road, the Kenville property has mining
equipment, offices, mechanic shop, core storage and accommodation on site.

 

Just days after picking up additional land in one historic southern British Columbia camp, Ximen Mining TSXV:XIM turned its attention to another former mine. A new option agreement would give the company a stake in another company whose chief asset is another option—to acquire the site of B.C.’s first underground lode gold operation.

Located eight kilometres west of the city of Nelson in southeastern B.C.’s Kootenay region, the Kenville gold mine operated intermittently between 1889 and 1954, extracting 181,395 tonnes containing 2,029 kilograms of gold, 861 kilograms of silver, 23.5 tonnes of lead, 15 tonnes of zinc, 1.6 tonnes of copper and 37 kilograms of cadmium, Ximen stated.

Ximen Mining to do due diligence on B.C.’s first underground gold mine

An historic, non-43-101 estimate gives Kenville’s
257 level 16,289 gold ounces measured and indicated.

Some 13,000 metres of drilling between 2007 and 2008 targeted previously untested areas southwest of the former mine, the company added. Detailed sampling also took place on the 257 level, which alone of the mine’s seven levels remains accessible. In 2009 an historic, non-43-101 resource for the 257 level used a 1.1 g/t cutoff to estimate:

  • measured: 3,312 tonnes averaging 31.72 g/t gold for 3,377 gold ounces

  • indicated: 21,312 tonnes averaging 18.84 g/t for 12,912 ounces

  • inferred: 522,321 tonnes averaging 23.01 g/t for 356,949 ounces

Further drilling took place between 2009 and 2012, finding at least four new veins with potential strike lengths of over 700 metres, according to historic, non-43-101 reports.

Historic accounts of soil surveys and drilling suggest potential for porphyry-type copper-molybdenum-silver-gold mineralization elsewhere on the property, Ximen stated.

Pending due diligence and TSXV approval, the acquisition would take place by optioning an interest in a company that holds an option to acquire Kenville. According to the terms, Ximen would option a promissory note to the vendor amounting to $780,000 plus interest, another promissory note to the vendor amounting to $1 million plus interest convertible into shares of 0995237 B.C. Ltd, mining equipment located in Alberta, and 5,333,334 shares in 0995237 B.C. Ltd.

“The principal asset of 0995237 is its option to acquire the Kenville gold mine,” Ximen stated.

The combined assets would cost Ximen 1,408,333 shares at a deemed price of $0.80, $1.38 million payable in installments and settling of the vendor’s $270,000 debt to arm’s length third parties.

Last week Ximen announced its acquisition of over 12,900 hectares in B.C.’s historic Greenwood camp. The new turf surrounds the company’s Gold Drop project, now optioned to GGX Gold TSXV:GGX. Last year’s Gold Drop drill program found near-surface, high-grade intervals of gold and silver, along with tellurium.

Ximen’s southern B.C. portfolio also includes the Treasure Mountain property under option to New Destiny Mining TSXV:NED and the Okanagan-region Brett gold project.

Ximen closed private placements of $540,000 in December and $250,000 in February. In March the company arranged a private placement of $405,000 subject to TSXV approval.

Read more about Ximen Mining here and here.

Ximen Mining expands its presence in British Columbia’s Greenwood camp

April 5th, 2019

by Greg Klein | April 5, 2019

A former mining region about 500 highway kilometres east of Vancouver continues to attract interest as another company picks up additional property. Through a combination of purchase and staking, Ximen Mining TSXV:XIM acquired over 12,900 hectares surrounding its Gold Drop project, now optioned to GGX Gold TSXV:GGX.

Last year’s drilling at Gold Drop returned near-surface, high-grade intervals of gold and silver along with tellurium, classified by the U.S. government as a critical mineral. Some highlight assays include:

Ximen Mining expands its presence in British Columbia’s Greenwood camp

A quartz sample from Ximen’s recent site
visit brought 2.87 g/t gold and 127 g/t silver.

Hole COD18-67

  • 129.1 g/t gold, 1,154.9 g/t silver and 823.4 g/t tellurium over 7.28 metres, starting at 23.19 metres in downhole depth

COD18-70

  • 107.5 g/t gold, 880 g/t silver and 640.5 g/t tellurium over 6.9 metres, starting at 22.57 metres

True widths were unavailable. The operator has spring drilling scheduled to begin this month.

Ximen’s new Providence claim also borders Grizzly Discoveries’ (TSXV:GZD) Greenwood project, where Kinross Gold TSX:K subsidiary KG Exploration works towards a 75% earn-in. Other companies active in the Greenwood area include Quebec niobium-tantalum explorer Saville Resources TSXV:SRE, which this week announced sampling found high-grade gold and copper along with silver on its Bud project. Last week Nevada lithium explorer Belmont Resources TSXV:BEA announced its acquisition of the Greenwood-area Pathfinder project. Golden Dawn Minerals TSXV:GOM has been working a number of properties in the area, home to numerous former mines.

Ximen Mining expands its presence in British Columbia’s Greenwood camp

An historic pit yielded this sample
of copper-rich massive sulphide.

Among those within or bordering Ximen’s acquisition is the Providence mine, which produced 10,426 tonnes containing 183 kilograms of gold, 42,552 kilograms of silver, 183 tonnes of lead and 118 tonnes of zinc during intermittent operation between 1893 and 1973, according to historic reports. The historic Combination deposit gave up 11 tonnes for 60,340 grams of silver and 653 grams of gold. Ximen’s new claims cover 11 known mineral occurrences, the company stated.

Recent sampling returned 2.87 g/t gold and 127 g/t silver from a mine dump northeast of the former Providence operation. Another sample showed 2,350 ppm copper from one of the property’s undocumented exploration pits that show exposed massive sulphides containing chalcopyrite, bornite and magnetite.

In southern B.C.’s Okanagan region, Ximen also holds the Brett gold project. In November the company announced that metallurgical tests on material stockpiled in the 1990s during early-stage mine development support an historic account of 4 g/t to 5 g/t gold.

About three and a half hours’ driving distance from Vancouver, Ximen has its Treasure Mountain property under option to New Destiny Mining TSXV:NED. Grab samples collected last year included 11.3 g/t and 8.81 g/t gold, as well as samples showing up to 1.45% zinc, 122 g/t silver, 0.87 g/t gold, 57 g/t tellurium and 12.3 g/t indium.

Ximen closed private placements of $540,000 in December and $250,000 in February. Last month the company arranged a private placement of $405,000 subject to TSXV approval.

Read more about Ximen Mining.

Saville Resources samples 4.57 g/t gold and 6.7% copper at southern B.C.’s Greenwood camp

April 3rd, 2019

by Greg Klein | April 3, 2019

High gold-copper grades from a 2018 field program indicate another encouraging project in the portfolio of a company now drilling for niobium-tantalum in Quebec. Saville Resources TSXV:SRE released 20 sample assays from its Bud property, located in an historic southern British Columbia mining camp that has attracted considerable exploration activity.

Six highlights show elevated gold grades coinciding with elevated copper:

Saville Resources samples 4.57 g/t gold and 6.7% copper at southern B.C.’s Greenwood camp

Mining at the Bud property’s Morrison showing from
the late 1890s to 1903 produced 2,918 tons containing
230 ounces of gold, 837 ounces of silver and 23,629 pounds
of copper, according to historic reports.

  • 4.57 g/t gold, 27.7 g/t silver and 6.7% copper

  • 4.44 g/t gold, 17 g/t silver and 6.84% copper

  • 3.54 g/t gold, 76.4 g/t silver and 2.41% copper

  • 1.96 g/t gold, 12.3 g/t silver and 1.2% copper

  • 1.74 g/t gold, 19.3 g/t silver and 1.65% copper

  • 1.23 g/t gold, 66.3 g/t silver and 7.14% copper

The program shows renewed interest in the 381-hectare property following a hiatus. Excavator trenching in 2003 revealed 1.9 g/t gold, 19.5 g/t silver and 1.5% copper over 1.3 metres. One sample averaged 7.8 g/t gold, 9.3 g/t silver and 2,156 ppm copper, while another graded 51.6 g/t gold, 403 g/t silver and 4.16% copper.

A three-hole, 538-metre drill program in 2005 identified a large hydrothermal system with prospective structure and stratigraphy, the company stated. A few selected intervals showed:

  • 3.82 g/t gold, 5.5 g/t silver and 656 ppm copper over 1.15 metres
  • (including 14.3 g/t gold, 22.6 g/t silver and 2,653 ppm copper over 0.15 metres)

  • 3.97 g/t gold, 23.8 g/t silver and 2.03% copper over 0.5 metres

True widths weren’t provided.

The 380-hectare property sits about four kilometres northwest of the town of Greenwood, roughly 500 kilometres by highway east of Vancouver. The surrounding Boundary district includes the former camps of Republic, Belcher, Rossland and Greenwood, which historically produced over 7.5 million ounces of gold, Saville noted. A resurgence of activity has included the Gold Drop property two kilometres southwest of Bud, where last month Ximen Mining TSXV:XIM and GGX Gold TSXV:GGX reported near-surface intervals of tellurium in addition to gold and silver.

Other Greenwood-area explorers include Kinross Gold TSX:K subsidiary KG Exploration, working towards a 75% earn-in on Grizzly Discoveries’ (TSXV:GZD) Greenwood project, Golden Dawn Minerals TSXV:GOM, and Belmont Resources TSXV:BEA, which last week announced acquisition of the Pathfinder property.

In Quebec’s James Bay region, meanwhile, a crew prepares to drill Saville’s flagship Niobium Claim Group, where the agenda calls for at least four holes and 700 metres in an area with encouraging historic assays. More recent boulder samples on the property have provided niobium grades as high as 2.75%, 4.24%, 4.3% and an outstanding 5.93% Nb2O5.

Read more about Saville Resources.

Belmont Resources moves into B.C.’s historic Greenwood mining camp

March 28th, 2019

by Greg Klein | March 28, 2019, updated April 2

A company drilling for Nevada lithium has taken on new turf in a storied southern British Columbia gold-copper district. The acquisition brings Belmont Resources TSXV:BEA a 253-hectare property that formed part of the former Pathfinder project, about 18 kilometres north of Grand Forks and 500 klicks by highway east of Vancouver. The location sits on the northeastern edge of the Boundary mining camp, also known as the Republic-Greenwood gold district.

Belmont Resources moves into B.C.’s historic Greenwood mining camp

Greenwood-area mining dates back to the late 1880s. Approximately 26 former mines produced more than 1.2 million ounces of gold and over 270,000 tonnes of copper, as well as silver, lead and zinc, according to Geoscience BC. Among the past-producers are some workings on the former Pathfinder property. More recent prospecting, sampling, drilling and a magnetic survey on Pathfinder have provided historic data to help Belmont plan a 2019 exploration program.

Kinross Gold TSX:K subsidiary KG Exploration holds property bordering three sides of the Belmont acquisition. The Kinross subsidiary has so far spent $1.28 million towards a 75% earn-in on Grizzly Discoveries’ (TSXV:GZD) Greenwood project and plans further work this year. Ximen Mining TSXV:XIM and GGX Gold TSXV:GGX have recently reported near-surface gold, silver and tellurium assays from their Greenwood-area Gold Drop project. Other companies in the district include Golden Dawn Minerals TSXV:GOM and Quebec niobium-tantalum explorer Saville Resources TSXV:SRE.

To close the acquisition Belmont pays each of two vendors 625,000 shares and 625,000 warrants on TSXV approval, along with another 125,000 shares and 125,000 warrants each within a year. Together, the vendors retain a 1.5% NSR, half of which Belmont may buy for $1 million.

Reporting from their Kibby Basin lithium project in Nevada last week, Belmont and MGX Minerals CSE:XMG announced a “milestone” permit to extract up to 943 million U.S. gallons of water annually for brine processing and potential production of lithium compounds. Assays are pending from last winter’s drilling, which tested a potential fault about 2,300 metres from a previous target that averaged 393 ppm lithium over 42.4 metres and 415 ppm over 30.5 metres.

Belmont’s portfolio also includes an interest in two northern Saskatchewan uranium properties held 50/50 with International Montoro Resources TSXV:IMT.

Subject to exchange approval, Belmont expects to close a private placement first tranche of $67,500. The company closed a private placement totalling $375,000 in July.

Update: Ximen Mining/GGX Gold add tellurium to B.C. gold-silver project, drilling resumes in April

March 18th, 2019

by Greg Klein | updated March 20, 2019

New assays add impressive critical mineral results to near-surface, high-grade precious metals at southern British Columbia’s Greenwood mining camp. The news comes from the Gold Drop project, where earlier this month Ximen Mining TSXV:XIM and GGX Gold TSXV:GGX reported intervals as high as 129.1 g/t gold and 1,154.9 g/t silver over 7.28 metres, along with 107.5 g/t gold and 880 g/t silver over 6.9 metres. After 14 intervals surpassed the upper analytical limit of 500 g/t tellurium, the core was re-assayed specifically for the critical mineral.

Among the results were 823.4 g/t tellurium over 7.28 metres and 640.5 g/t over 6.9 metres. Combined with the gold-silver results, the intervals now show:

Ximen Mining/GGX Gold examine tellurium potential of B.C. gold-silver project

Hole COD18-67

  • 129.1 g/t gold, 1,154.9 g/t silver and 823.4 g/t tellurium over 7.28 metres, starting at 23.19 metres in downhole depth

COD18-70

  • 107.5 g/t gold, 880 g/t silver and 640.5 g/t tellurium over 6.9 metres, starting at 22.57 metres

True widths were unavailable.

Other individual samples graded as high as 3,860 g/t and 2,250 g/t tellurium, both in near-surface 0.38-metre intervals from COD18-67. COD18-70 also showed individual samples up to 3,340 g/t over 0.45 metres and 2,960 g/t over 0.4 metres.

“Tellurium occurs in a soft silver-grey telluride mineral,” the companies stated. “Whenever this mineral is observed in the drill core, the interval has elevated silver, gold and tellurium values. This telluride mineral is likely a silver-tellurium-gold alloy named sylvanite.”

The decision to re-assay the core was prompted by “multiple industry inquiries and spiked interest with regards to the tellurium grades,” Ximen president/CEO Chris Anderson said earlier this month.

Due to the multiple industry inquiries and spiked interest with regards to the tellurium grades, as well as the fact that the grades have exceeded upper analytical limits at the lab, the decision was made to re-assay these drill core samples.—Chris Anderson,
Ximen Mining president/CEO

The 2018 program sunk 71 holes on the COD vein in the property’s Southwest zone and also conducted trenching in the COD area along with drilling on the Everest vein. Drilling and trenching have followed COD’s vein system for 400 metres along strike, leaving it open along strike and at depth. The upcoming drill campaign will continue testing the vein’s southern extension.

GGX acts as operator on the 5,628-hectare property. If GGX completes its 100% option, Ximen may form a JV by reimbursing GGX 30% of its spending to that date. Ximen retains a 2.5% NSR. The property sits about 500 kilometres by highway east of Vancouver.

Included in last year’s U.S. government list of 35 critical minerals, tellurium finds uses globally in solar applications (40%), thermo-electric production (30%), metallurgy (15%), rubber applications (5%) and other purposes (10%), according to a recent report from the U.S. Geological Survey. The U.S. imports over 75% of its tellurium supply.

Ximen’s flagship is the Brett project in southern B.C.’s Okanagan region. Last November the company announced that metallurgical tests on material stockpiled during early-stage mine development in the 1990s support an historic account of 4 g/t to 5 g/t gold.

Ximen has its Treasure Mountain property under option to New Destiny Mining TSXV:NED. Grab samples from last year’s program included gold grades of 11.3 g/t and 8.81 g/t from the property’s east-northeast areas, and up to 1.45% zinc, 122 g/t silver, 0.87 g/t gold, 57 g/t tellurium and 12.3 g/t indium in the southeast region. Grab samples from a trench in the southeast area showed anomalous gold grades including 0.877 g/t, 0.46 g/t and 0.359 g/t.

The companies received permits last month for additional work on the property, which partly surrounds Nicola Mining’s (TSXV:NIM) Treasure Mountain project, about three and a half hours’ driving distance from Vancouver. Nicola’s property underwent silver-lead-zinc underground mining in 2008 and 2013.

Last month Ximen appointed Mathew Ball as VP of exploration. With over 30 years of experience, he’s served as president/COO of B.C.’s Bralorne gold mine and currently acts as interim CEO/COO/chief geologist for Golden Dawn Minerals TSXV:GOM, another company active in the Greenwood camp. “Dr. Ball brings a wealth of practical experience and knowledge of lode and epithermal gold-silver, porphyry copper-gold and related skarn deposits,” all of which potentially occur in Ximen’s three projects, the company stated.

Ximen closed private placements of $540,000 in December and $250,000 in February. On March 18 the company announced it arranged a private placement of $405,000 subject to TSXV approval.

Ximen Mining/GGX Gold examine tellurium potential of B.C. gold-silver project

March 7th, 2019

This story has been updated and moved here.

Periodic table: New version warns of elements that are endangered

January 25th, 2019

by David Cole-Hamilton, Emeritus Professor of Chemistry, University of St Andrews | posted with permission of The Conversation | January 25, 2019

Periodic table New version warns of elements that are endangered

Period pains. (Image: European Chemical Society)

 

It is amazing to think that everything around us is made up from just 90 building blocks—the naturally occurring chemical elements. Dmitri Mendeleev put the 63 known during his time into order and published his first version of what we now recognize as the periodic table in 1869. In that year, the American Civil War was just over, Germany was about to be unified, Tolstoy published War and Peace and the Suez Canal was opened.

There are now 118 known elements but only 90 that occur in nature. The rest are mostly super-heavy substances that have been created in laboratories in recent decades through nuclear reactions and rapidly decay into one or more of the natural elements.

Where each of these natural elements sits in the periodic table allows us to know immediately a great deal about how it will behave. To commemorate the 150th anniversary of this amazing resource, UNESCO has proclaimed 2019 as the International Year of the Periodic Table.

Periodic table New version warns of elements that are endangered

Dmitri Mendeleev.
(Artwork: Marusya Chaika)

As part of the celebrations, the European Chemical Society has published a completely new version of the periodic table. (See main image.) It is designed to give an eye-catching message about sustainable development. Based on an original idea in the 1970s from the American chemist William Sheehan, the table has been completely redrawn so that the area occupied by each element represents its abundance on a log scale.

Red for danger

Each area of the new table has been colour-coded to indicate its vulnerability. In most cases, elements are not lost but, as we use them, they become dissipated and much less easy to recover. Red indicates that dissipation will make the elements much less readily available in 100 years or less—that’s helium (He), silver (Ag), tellurium (Te), gallium (Ga), germanium (Ge), strontium (Sr), yttrium (Y), zinc (Zn), indium (In), arsenic (As), hafnium (Hf) and tantalum (Ta).

To give just a couple of examples, helium is used to cool the magnets in MRI scanners and to dilute oxygen for deep-sea diving. Vital rods in nuclear reactors use hafnium. Strontium salts are added to fireworks and flares to produce vivid red colours. Yttrium is a component of camera lenses to make them shock- and heat-resistant. It is also used in lasers and alloys. Gallium, meanwhile, is used to make very high-quality mirrors, light-emitting diodes and solar cells.

Meanwhile, the orange and yellow areas on the new periodic table anticipate problems caused by increased use of these elements. Green means that plenty is available—including the likes of oxygen (O), hydrogen (H), aluminium (Al) and calcium (Ca).

Four elements—tin (Sn), tantalum (Ta), tungsten (W) and gold (Au)—are coloured in black because they often come from conflict minerals; that is, from mines where wars are fought over their ownership. They can all be more ethically sourced, so it’s intended as a reminder that manufacturers must carefully trace their origin to be sure that people did not die in order to provide the minerals in question.

Smartphone shortages

Out of the 90 elements, 31 carry a smartphone symbol reflecting the fact that they are all contained in these devices. This includes all four of the elements from conflict minerals and another six with projected useful lifetimes of less than 100 years.

Let us consider indium (In), for instance, which is coloured red on the table. Every touch screen contains a transparent conducting layer of indium tin oxide. There is quite a lot of indium, but it is already highly dispersed. It is a byproduct of zinc manufacture, but there is only enough from that source for about 20 years. Then the price will start to rise quickly unless we do something to preserve current stocks.

The three main possibilities are: replace, recycle or use less. Huge efforts are being made to find alternative materials based on Earth-abundant elements. Reclaiming indium from used screens is possible and being attempted. But when we look at the periodic table and the very precious nature of so many of the elements, can we possibly justify changing our phone every two or so years?

At present over one million phones are traded every month in the UK alone, as well as 10 million in Europe and 12 million in the U.S.

At present over one million phones are traded every month in the UK alone, as well as 10 million in Europe and 12 million in the U.S. When we trade in our smartphones, many of them go to the developing world initially for reuse. Most end up in landfill sites or undergo attempts to extract a few of the elements under appalling conditions. The other elements remain in acidic brews. Along with the very many that lie around in drawers, this is how the elements in mobile phones become dissipated.

The number of phones we trade in could be greatly reduced and lower the demand on limited resources such as indium. In this context, the recent Apple profit warning, partly due to customers replacing their iPhones slightly less frequently, was at least a sign of improvement.

But as the new version of the periodic table underlines, we must do all we can to conserve and recycle the 90 precious building blocks that make up our wonderfully diverse world. If we don’t start taking these problems more seriously, many of the objects and technologies that we now take for granted may become relics of a more abundant age a few generations from now—or available only to richer people.

David Cole-Hamilton is affiliated with the UK Liberal Democratic Party. He is vice-president of the European Chemical Society (EuChemS). He is past-president of the Royal Society of Chemistry Dalton Division covering Inorganic Chemistry. He is a member of the Royal Society of Edinburgh (RSE) Education Committee, RSE Learned Societies Group on STEM Education, RSE European Strategy Group and chairs the sub-group on Research, Innovation and Tertiary Education. He is a trustee of the Wilkinson Charitable Foundation.

Posted with permission of The Conversation.

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The Conversation

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

January 21st, 2019

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.

Ximen Mining/GGX Gold report near-surface 129 g/t gold and 1,154 g/t silver over 7.28 metres in B.C.

January 14th, 2019

by Greg Klein | January 14, 2019

Ximen Mining GGX Gold report near-surface 129 g/t gold and 1,154 g/t silver over 7.28 metres in B.C.

Gold Drop gives up high grades near surface at B.C.’s historic Greenwood camp.

 

With assays from seven of 11 November holes now in, Ximen Mining TSXV:XIM and GGX Gold TSXV:GGX report high gold and silver grades along with tellurium at the Gold Drop project in southern British Columbia’s Greenwood camp. All from near-surface intervals on the southern extension of the property’s COD vein, the batch featured a standout result of 129.1 g/t gold and 1,154.9 g/t silver over 7.28 metres. GGX operates the project under option from Ximen.

A closer look at hole COD18-67 shows the breakdown of sub-intervals:

  • 129.1 g/t gold and 1,154.9 g/t silver over 7.28 metres, starting at 23.19 metres in downhole depth
  • (including 106 g/t gold, 1,250 g/t silver and >500 g/t tellurium over 0.37 metres)
  • (and including 232.1 g/t gold, 2,001.1 g/t silver and >500 g/t tellurium over 3.13 metres)
  • (and including 143 g/t gold, 1,372.9 g/t silver and >500 g/t tellurium over 0.77 metres)
Ximen Mining GGX Gold report near-surface 129 g/t gold and 1,154 g/t silver over 7.28 metres in B.C.

Some of the program’s other highlights showed:

COD18-61

  • 5.29 g/t gold, 32.4 g/t silver and 31.4 g/t tellurium over 1.38 metres, starting at 22.62 metres

COD18-63

  • 28 g/t gold, 424.7 g/t silver and 150.4 g/t tellurium over 1.17 metres, starting at 26.14 metres
  • (including 49.7 g/t gold, 787 g/t silver and 245 g/t tellurium over 0.59 metres)

COD18-66

  • 6.97 g/t gold, 46.8 g/t silver and 34.4 g/t tellurium over 0.94 metres, starting at 22.96 metres

True widths were unavailable.

The autumn campaign followed two initial holes sunk last August within 25 metres’ distance. Again at near surface, those results featured 50.15 g/t gold and 375 g/t silver over 2.05 metres for COD18-45, along with 54.9 g/t gold and 379 g/t silver over 1.47 metres for COD18-46.

Drilling and trenching have traced COD’s mineralized vein system for about 400 metres in strike, remaining open to the northeast, at depth and possibly to the southwest, the operator stated.

Gold Drop was one of the sites of historic gold and silver mining in the Greenwood camp, roughly 500 kilometres by highway east of Vancouver.

The Gold Drop option allows GGX to earn 100% of the project, with Ximen retaining a 2.5% NSR. If GGX completes the 100% earn-in, Ximen may form a JV by reimbursing GGX 30% of its work expenses to that date.

Ximen’s flagship Brett project in southern B.C.’s Okanagan region has underground drilling and remedial work planned for spring. In November the company announced that results from a batch test supported an historic report of 4 g/t to 5 g/t gold from material stockpiled when a mine portal was built during the 1990s. Ximen plans further metallurgical tests on the stockpiled material.

In southwestern B.C., Ximen holds the Treasure Mountain property proximal to Nicola Mining’s (TSXV:NIM) Treasure Mountain silver project, where underground mining took place briefly in 2008 and 2013.

After closing a private placement of $540,000 in late December, Ximen offered another private placement of $250,000.