Treasure Mountain Silver Project

Property Under Option

Overview

The Treasure Mountain Silver Project is located within the New Westminster and Similkameen Mining Divisions in southern British Columbia. The property sits within the Intermontane Belt,  a unique tectonic belt in the northwest region of North America, along which many past and current producing gold, silver, lead, zinc, and/or molybdenum mines are located.

Currently, Ximen has the Treasure Mountain Silver Project optioned to New Destiny Mining Corp. (TSX.V:NED) for staged cash and stock payments.

The property displays multiple types of mineralization, including polymetallic veins, gold-bearing quartz veins, and porphyry and porphyry-related mineralization. This includes at least seven occurrences of gold, silver, copper, lead, and/or zinc, plus two copper-molybdenum occurrences and reports of copper-nickel mineralization.

Gold-bearing quartz veins in the northeast region include:

  • the John Bull vein—historically assayed (1913 & 1937) 24 g/t gold over 0.20 m in outcrop sample; 2018 grab sample assayed 11.3 g/t gold
  • the Spokane vein— historically assayed 4.11 g/t gold over 0.9 m chip sample length
  • the Marsellaise vein—historically assayed 3.5 g/t gold over 0.66 m chip sample length

Base metal and silver mineralization in the north-central and southwest regions includes: 

  • Rainy (Cedarflat) Occurrence—historical rock dump grab samples (2011) at 6.5%, 7.4%, and 11.9% zinc and up to 51 g/t silver with anomalous gold and copper
  • Rio Grande Occurrence—2018 outcrop grab samples up to 1.45% zinc and 122 g/t silver with anomalous gold, tellurium, and indium
  • Samples from 2011 in the north-central region reported as sulfide-bearing quartz vein material (polymetallic vein material)

Copper, silver, and gold mineralization in the east region includes:

  • Superior (Lucky Todd) Occurrence—historical rock dump grab samples (2012) over 1% copper and up to 76 g/t silver; 2018 assayed 8.8 g/t gold

Nearby properties include the adjacent Treasure Mountain property of Nicola Mining Inc. (TSX.V:NIM), which hosts polymetallic veins and the historical Treasure Mountain silver-lead-zinc mine; and the Shovelnose Gold property of Westhaven Ventures Inc. (TSX.V: WHN), which in 20XX reported a diamond drill intersection of 8.95 g/t gold and 65.47 g/t silver over 46.2 m core length.

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