Vancouver, B.C., September 12, 2023 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) announces that it has completed a drill program at its Wild Horse project near Cranbrook in southeastern BC.
The Wild Horse project lies within the regional Kimberley Gold Trend and covers source areas for the famous historic Wild Horse River placer gold deposit near Fort Steele and Cranbrook in southeastern B.C. Bedrock gold was first discovered in this area as early as 1895. Gold-bearing quartz veins and breccias were drilled in 2016 and 2021, on Ximen’s property, indicating potential for a bulk-minable gold deposit.
This year, Ximen tested another area where a gold soil anomaly and abundant boulders of syenite were found along the mapped position of the Boulder Creek fault (BC Assessment report 30952). The syenite is believed to be part of a mid-Cretaceous plutonic suite that is spatially associated with gold mineralization in the Kimberley Gold Trend. The Boulder Creek fault is a regional fault that is interpreted as an eastward continuation of the St. Mary fault (BC Geology Survey Bulletin 84). Both faults are associated with gold deposits in the Kimberley Gold Trend (Geoscience BC Map: 2015-13-01).
A total of 528.7 meters was drilled in hole WH23-01, which intersected multiple carbonate-quartz veins and an altered and veined zone associated with a porphyry dike intruding limy argillite and limestone. Core samples were cut and submitted for analysis. Results are pending at this time.
Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.
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.
On behalf of the Board of Directors,
Christopher R. Anderson,
President, CEO and Director
Investor Relations: Sophy Cesar, 604-488-3900, ir@XimenMiningCorp.com