Vancouver, B.C. – April 15, 2019 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB:XXMMF) (the “Company” or “Ximen”) is pleased to announce its Option Partner GGX Gold Corp (GGX: TSX.v), (GGXXF:OTCQB), (FRA:3SR2) has begun the spring 2019 diamond drilling program on the Gold Drop Property, located in Southern British Columbia.
The drilling program will focus on the C.O.D vein located in the Gold Drop Southwest Zone. The Company intersected near-surface, high- grade gold, silver and tellurium within the C.O.D vein during 2018 diamond drilling, including:
• COD18-67: 129 g/t gold, 1,154 g/t silver & 823 g/t tellurium over 7.28 meters core length.
• COD18-70: 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90 meters core length.
Ximen’s option partner is kicking off its 2019 exploration program with drilling on the C.O.D vein (C.O.D stands for “Continuation of Dentonia”; the Dentonia is another gold-quartz vein in the camp that was historically mined). The C.O.D vein was first targeted in 2017. Initial sampling of the vein justified follow-up trenching and drilling. In 2018, the drilling program followed on and included a series of holes drilled to the south of the C.O.D trench that successfully extended the vein for a total length of nearly 400 meters and intersected high grade mineralization. The assay results (please refer to the Company’s website for News Releases announcing these results) include the following highlights:
For 2019, the drilling will be initially aimed at extending and in-filling the ore shoot of high-grade gold-silver-tellurium mineralization that was intersected in 2018. Following this, the Everest vein to the south, and the C.O.D. extension to the north will be drill-tested.
The highlights of the 2018 diamond drilling program are drill holes COD18-67 and COD18-70 that intersected near-surface, high-grade gold, silver and tellurium in the southern extension of the C.O.D vein. COD18-67 intersected 129 grams per tonne (g/t) gold, 1154 g/t silver & 823 g/t tellurium over 7.28-meter core length while COD18-70 intersected 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90-meter core length (News Releases of January 11, January 18 and March 18, 2019). The C.O.D. vein system is open along strike and at depth.
No previous diamond drilling has been completed at the C.O.D. extension to the north. The 2018 trenching program exposed numerous vein showings with grab samples up to 15.45 g/t gold, 159 g/t silver Ag and 114.5 g/t tellurium. A chip sample (0.4 meters long) returned 21.7 g/t gold, 216 g/t silver and 149 g/t tellurium (News Release of February 27, 2019).
Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.
Furthermore the company wishes to announce the addition of Mr Lloyd Penner to the team, whom will be focusing on assisting the company with its future plans and aspirations towards developing its mining activities on its various assets.
Mr. Penner brings many years of experience and knowledge to the Company, as a large part of his 30 plus-year career has been spent in the exploration, development, and mining of western Canadian gold deposits, from the coastal mountains of British Columbia to the gold camps of northern Canada and as far as west Africa. His well-rounded skill set includes planning, project organization, surface infrastructure setup, and conventional underground mining. His mining career began developing the high grade, narrow veins of the Bridge River Valley of British Columbia in 1986. Notable projects to-date include the position of mine manager of the QR Mine in the British Columbia interior – a 1,000- tonne per day cyanide operation with multiple underground and open pit mines operating. Other projects include late stage exploration properties such as Selkirk Metals’ Ruddock Creek property, Imperial Metals’ Red Chris property, and Avion Gold’s production gold mine in Mali. His background includes more than eight years of management in development, exploration, and production in both Africa and British Columbia. Mr. Penner also has experience working in custom test mining and exploration management of a narrow vein gold project in British Columbia. He is familiar with current mining, government agencies, and environmental regulations in British Columbia, and holds current UG certifications. Mr. Penner’s knowledge and experience with the Kenville Gold Mine (having spent several years assessing it) and with other high grade vein properties like it makes him an integral component in the success of this venture as well should the company complete on the opportunity to acquire the Kenville Gold Mine.
On behalf of the Board of Directors,
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations: Sophy Cesar, 604-488-3900, ir@XimenMiningCorp.com
