Vancouver, B.C., April 10, 2023 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) is pleased to announce that it has been requested to post an additional security deposit for reclamation at its Kenville Gold Mine project in southeastern BC.
The Company has just received a letter from the Ministry of Energy, Mines and Low-Carbon Innovation (EMLI) formally requesting additional reclamation security bonding for the Kenville project. A top-up amount of $83,000 has been requested to bring the total security amount held to $103,800. A former permit on the property will be closed and all outstanding reclamation liability rolled into a single Mines Act Permit.
“We are pleased to have received the request to post additional reclamation security bonding for the Kenville Gold Mine project, as this signifies that permitting is finally close at hand. We are committed to fulfilling our reclamation obligations and look forward to moving forward with the project as soon as possible,” states Anderson, CEO, of Ximen Mining Corp.
Reclamation bonding is the final step before the Mines Act permit is granted and the request for security signifies that permitting is finally close-in-hand for the Kenville Mine Project. The Company will be active as soon as the snow melts to build some required water management infrastructure and is anticipating breaking ground within months to start the mine project.
Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., a Qualified Person as defined by National Instrument 43-101 and VP Exploration for Ximen Mining Corp.
On behalf of the Board of Directors,
Christopher R. Anderson,
President, CEO and Director
Investor Relations: Sophy Cesar, 604-488-3900, ir@XimenMiningCorp.com