Vancouver, B.C., December, 06, 2023 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) announces initial information from its seventh drill hole at the Amelia Gold project in Camp McKinney near Rock Creek in southern BC.
Drilling was done to prove-up extensions to the historic Cariboo-Amelia gold mine in Camp McKinney in the Greenwood Mining Division, BC. The Cariboo-Amelia mine was BC’s first dividend paying gold mine. Over its 68-year history, the mine produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes milled (BC Minfile Records). The mine is situated within a 4-kilometer system of gold-quartz veins and historic workings.
The 2023 drill holes are testing the main McKinney vein beneath the eastern end of the historic mine. After the seventh drill holes was completed, a total of 1,846 meters of NQ sized core was drilled. The target vein was intersected in four holes (AM23-01, 03, 05 and 07) between 30 and 45 meters below the lowest mine level and over a strike length of 150 meters.
The mineralized intercepts range in core length from 0.26 meters to 0.70 meters and contain pyrite, sphalerite, galena and chalcopyrite. Although visible gold hasn’t been observed, this sulphide mineral assemblage is the same as that reported to occur in the vein where it was mined historically. Core samples will be sent for analysis once the geological logging and sampling is completed.
Abbreviations: Py: pyrite, Sp: sphalerite, Gn: galena, Cp: chalcopyrite
Note: Reported lengths are core lengths not true widths
Holes AM23-03, 04, 05 also intersected a second mineralized vein about 50 meters south of the main vein that is also mineralized with pathfinder minerals. Its extent has yet to be determined.
Holes AM23-02, 04 and 06 targeted the zone at greater depths but did not intersect the vein. It is likely that the vein has been displaced by faults similar to those which occur in the upper levels of the mine, where the vein is displaced a relatively short distance to the south by flat lying faults.
Overall, the results indicate there is potential for more tonnes to be mined below the lowest level of the mine workings and that there is potential for additional material in parallel zones.
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