Vancouver, B.C., October 16, 2023 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) announces progress on its drill program at the Amelia Gold project in Camp McKinney near Rock Creek in southern BC.
Drilling at the Amelia property is being done to test for extensions to the historic Cariboo-Amelia gold mine in Camp McKinney in the Greenwood Mining Division, BC. Over its 68-year history, the Cariboo-Amelia mine produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes milled (BC Minfile Records). The mine is part of a 4-kilometer system of gold-quartz veins and historic workings.
Drilling is targeting the main Cariboo or McKinney vein beneath the eastern end of the historic mine. Five holes have been completed so far (total 1,333 meters) and a sixth hole is being drilled. The target vein was intersected in three holes (AM23-01, 03 and 05) ranging between 30 and 45 meters below mine level 6 and over a strike length of 88 meters.
The mineralized intercepts range in core length from 0.26 meters to 0.65 meters and contain pyrite, sphalerite, galena and chalcopyrite. This sulphide mineral assemblage is the same as that reported to occur in the vein where it was mined historically.
Abbreviations: Py: pyrite, Sp: sphalerite, Gn: galena, Cp: chalcopyrite
Note: Reported lengths are core lengths not true widths.
Holes AM23-03 and 04 intersected a mineralized vein about 50 meters south of the target vein that appears to be a new discovery of a parallel vein. The extent of this vein has yet to be determined.
Photos of core boxes with mineralized quartz vein intercepts in holes AM23-01 (a), AM23-03 (b) and AM23-05 (c)
Close-up photos of sulphide mineralization intersected in holes AM23-01 (a), AM23-03 (b1, b2) and AM23-05 (c)
The new results prove that the vein extends below the lowest mine workings and indicate there is potentially more to be mined. Core samples will be sent for analysis in due course.
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