Brett Epithermal Gold Project

Overview

The Brett Epithermal Gold Project is Ximen’s primary precious metals project. Since 2013, Ximen has owned and controlled 100% of this 20,025 ha. epithermal gold district, which is situated in southern British Columbia near the city of Vernon. Historical intercepts from the Brett Gold property include up to 168 g/t over 1.3 m core length, with visible gold being common. In 1995–96, 291 tonnes of surface trench samples graded at 28 g/t gold and 64 g/t silver.


~20,000 hectares

Epithermal gold deposits offer some of the largest and highest grade gold mines in the world. Epithermal deposits are the products of large-scale hydrothermal convective systems driven by magmatic heat in the upper 5–10 km of the Earth’s crust. There are two classes of epithermal deposits which can be discriminated in terms of their geologic environments, alteration mineralogy, and fluid chemistry: (1) low-sulfidation epithermal deposits, and (2) high-sulfidation epithermal deposits. The Brett property has the geological characteristics of the low-sulfidation type.

This property has undergone several geochemical surveys since 1977, as well as ground geophysical surveys, trenching and underground mine exploration.

Ximen’s current exploration plan for the Brett Gold Project includes underground development to support drilling of the Main Zone and parallel zones, and selected surface drilling and geochemistry following the compilation of historical results.

The Brett Gold Project has multiple gold-bearing zones, with both high-grade and low-grade gold mineralization, including:

  • the Main Zone—The primary site of Ximen’s exploration efforts, the Main Zone’s high-grade gold domains (shoots) are localized along a fault. These shoots are associated with silicification and disrupted vein quartz, with bladed calcite in veins that signifies boiling zones in an epithermal environment. All of this indicates potential for rich zones of high-grade gold mineralization.
  • In 1994, a 250 m adit was driven to provide underground access for mining the Main Zone but commercial production was not achieved and the project subsequently changed ownership.
  • the RW Pit, excavated on the Main Zone, produced 291 tonnes that were shipped to the Trail Cominco smelter in 1996 and graded an average of 28 g/tonne Au and 64 g/tonne Ag.
  • the Stockwork Zone—This zone of mineralized quartz-carbonate hydrothermal breccia, localized along a margin of feldspar porphyry dike, is parallel to the Main Zone and 100 m east. Hole 04-12, intercepted 168.5 g/t over 1.3 m core length.
  • the Gossan Zone (750 m x 50 m)—The Gossan is a large, fault-bounded zone of pervasive silica-clay-pyrite alteration, associated with a magnetic low feature that is 300 m wide, and a 1 km long, north-south trending IP chargeability anomaly. The eastern limit of the Gossan zone coincides with a fault that separates Eocene rocks to the west from Jurassic rocks to the east and is thought to be a district-scale, graben-bounding structure and pathway for mineralizing fluids. Multiple zones of silicification, clay alteration, brecciation and pyrite mineralization up to 42 m in core length have been intersected in drilling. Although gold values intersected to date are low, a strong pathfinder geochemical signature is evident with elevated values for Hg, As, Tl and Sb from drilling. All of this indicates potential for bulk-tonnage low-grade style gold mineralization.
  • the Border Zone (250 m x 100–200 m)—This is a newly discovered zone where hole 14-13 intersected 7.20 g/t gold over 5 m core length (including 1.5 m grading 16.70 g/t Au) that is associated with elevated values for silver, arsenic, mercury, molybdenum, antimony, selenium, tellurium, and thallium. This intercept is located approximately 50 m west of the Main Zone. The area corresponds to a large magnetic low anomaly.
  • the 490 Gold Zone—located 85m east of the Main Zone, is a subparallel structure to the Main Zone. The 490 Zone can be traced on surface for several hundred metres and was tested by drilling in 2014 for only a 100m strike length near the southern portion of its known strike extent. In addition to intersecting discrete epithermal veins, several drill holes intersected broader intervals of strong silica-flooding and low-grade gold mineralization within more permeable tuffaceous and volcanic breccia units. High grade gold values from structurally controlled targets include 0.90m grading 34.18 g/t Au in hole 14-01 and 1.0m grading 20.5 g/t Au in hole 14-05. Bulk tonnage-style intercepts include 16.55 m of 1.88 g/t Au in hole 14-05. Also the end of hole 14-02 graded 0.43 g/t Au over 22 meters indicating a zone that remains untested at depth.
  • the East Zone—Historic soil geochemistry with values up to 765 ppb Au attracted the interest of previous workers, leading to the discovery of visible gold in an outcrop of basaltic volcaniclastic rocks with quartz-carbonate veining. In 2014, a Au-Ag-Hg-Sb-Tl soil anomaly was defined over the East Zone, with maximum gold values of 290 ppb and 243 ppb Au. The anomaly appears to be a surface expression of a flat lying tuffaceous horizon. The tuffaceous horizon has not been drilled near the bounding fault structures. This is another target for bulk tonnage style mineralization.
  • the Brewer Zone—two quartz veins that contain base-metal minerals, the “Brewer Veins”, have been identified east of the fault zone associated with the Gossan Zone. These veins and have potential for lode gold-silver mineralization.

Understanding the Brett Gold Project

Summary of Work Done by Ximen

Work Planned for 2019:

In 2019, Ximen will submit a permit application for underground exploration at the Brett. The program will include rehabilitation of the existing underground workings, excavation of drill cut-outs and completion of underground drilling. Underground drilling will focus primarily on intersecting previously identified mineralized zones with an intent to define the gold grade and tonnage of each zone. Approximately 250 meters of drifting and cross cutting is planned, including an extension of the main drift 100 meters to the north.

2016

Diamond drilling, including 16 holes at 2364 m

2014
  • Geological mapping and 3D interpretation
  • Soil and rock geochemistry and biogeochemistry 
  • Geophysical surveys, including ground IP and magnetometer/VLF-EM
  • Diamond drilling, including 13 holes at 2977 m

 

Deposit model

The Brett Gold Project displays characteristics of low-sulphidation epithermal gold-silver deposits. It is hosted in the Eocene Penticton Group volcanic rocks. Gold was deposited in dilational zones along the faults and at structural intersections with more permeable volcaniclastic horizons. Both “lode” (high grade) and “disseminated” (low-grade) mineralization styles are present and being targeted.

Gold mineralization

High-grade gold

High-grade gold (lode mineralization style) occurs in quartz-carbonate hydrothermal breccias, veins, and in fragments of vein quartz and wall rock within fault structures. This style is common in the Main Zone and Stockwork Zone.

Visible gold, electrum, and argentite have been observed and coarse visible gold is not uncommon on the property. Additionally, Ximen has identified coarse free gold in clay and sand gouge zones.

Samples from the Brett Gold Project have assayed up to hundreds of grams per tonne (several ounces per ton) of both gold and silver over significant widths in drill holes and trenches. To date, gold mineralization has been identified over a strike length of 650 m and vertical interval of 85 m on the Main Zone.

Low-grade gold

Low-grade gold mineralization (disseminated mineralization style) is associated with extensive zones of pervasive alteration in volcaniclastic horizons. At Brett Gold, this includes in the Gossan Zone and another area located west of the Main Zone.


Idealized cross section through the Brett deposit showing the geometry of the mineralized fault system.

Timeline

2019

Ximen Applies for Permit

Ximen’s new VP of Exploration, Matt Ball, applies for underground permitting to conduct drilling

2018

Ximen Expands Its Technical Team

Shaun Dykes (P.Geo), Peter Cooper, and Mineit Consulting join Ximen’s technical team as we gear up for an active field season.

2018

Ximen Trading On The OTCQB

The Company’s common shares began trading on the OTCQB® Venture Market in the United States under the symbol “XXMMF”.

2017

New 41-101 Completed

An in-depth look at the Brett Gold Project and it’s rich history of exploration. Prepared by Marek Mroczek, P.Eng.

2017

Extensive Sample Results

Further analysis of 2016 drill holes, including additional sampling of drill core focusing on intervals with quartz and/or carbonate veining, faulting, and epithermal alteration.

2016

New Drill Program Initiated

Designed to define and confirm the orientation of the high-grade mineralized shoots identified in the previous drill programs.

2016

Ximen Announces Selective Sample Results

Ximen successfully completes 16 holes, totalling 2400 meters. Further assay results pending.

2015

Ximen Presents At The Keg Conefrence

Summary of the 2014 program presented at the 2015 Keg Conference outlining the previous year’s work and discoveries.

2014

Targetted Drilling Underway

Ximen drills a total of 13 holes for 2977 m in new areas and discovers two new zones with results that included 34.18g/t gold over 0.9m and 16.7g/t gold over 1.5m.

2014

Ximen Expands Claim

Regional exploration program inspires Ximen to assemble District size land position via staking and acquisition.

2014

Ximen Assembles A-Team

Ximen assembles a geological team that has specialized in epithermal deposits to complete a regional compilation of previous data and intensive exploration program.

2013

Ximen Strikes Deal: $1.6Mil to Buy 100% of the Brett Gold Project

Ximen enters into an arrangement to pay $1,000,000 in cash and $600,000 in shares over the course of the terms.

2011

$2Mil to Buy Complete Ownership

One of the junior partners pays $1,000,000 in cash and $1,000,000 in stock to purchase the other 50% of the Brett gold project.

2004

Stalemate Over Expenditures Ensues

With neither party willing to invest 100% of the resources while the other reaps half the benefit, a stalemate develops and little work is done.

2000

JV Between Two Jr Explorers

In Exchange for expenditure, the property is split 50/50 ownership between two junior explorers. The first 43-101 is completed.

1995

291 Tonne Bulk Sample Excellent Recovery

291 tonne bulk sample was shipped to the Cominco smelter at Trail for processing. Values recovered by the smelter averaged 27.74 gms Au/ tonne and 63.7 gms Ag / tonne. Low sulfide mineralization, visible metallurgy, 95% gold recovery.

1994

Underground Development

Work completed consisted of 360 meters (1200 feet) of underground development.

1993

Trenching and Sampling

24 trenches were excavated to bedrock and sampled along the Main Shear Zone, showing areas of excellent potential.

1988

Diamond and Rc Drilling Completed

5,737 meters of diamond drilling and 2,834 meters of RC drilling completed. Grades as high as 69.6 gms Au/T.

1987

Thirty Two NQ Diamond Drill Holes

2900 meters of drilling. Grades as high as 82.19 gms Au/T.

1986

Sixteen NQ Diamond Drill Holes

795 meters of drilling confirms RW vein was a splay off main shear zone. Visible gold in samples as high as 13.7 gms Au/T. 25 significant intersections.

1985

Prospecting and Road Construction

Chip sample from RW vein exposed during road construction assayed 62.9 gms Au/T over a width of 1.4 m.

1983

Brett Gold Founded

Charlie Brett discovers coarse angular gold in Whiteman Creek and its south flowing tributaries.

1939

Gold in the Okanagan

Prospector Alf Brewer discovered two narrow gold-bearing quartz veins within the Okanagan batholith. The veins are exposed on the lower slope of a steeply incised gully and are relatively inaccessible.

Drilling Details

Brett Property significant diamond drill hole intercepts

Hole From To Core length (m) Gold g/t Visible gold
04-12 148.90 150.20 1.30 168.48
87-29 45.65 47.25 1.60 78.51
87-42 79.55 81.00 1.45 62.06
89-92 130.15 131.29 1.14 54.51
04-01 45.57 46.48 0.91 39.40 vg
89-91 134.51 137.36 2.85 24.92
16-01 90.83 91.83 1.00 18.95
88-51 38.10 40.29 2.19 18.51
87-29 52.10 54.25 2.15 16.56
87-47 74.70 76.70 2.00 15.64
89-97 143.57 144.77 1.20 15.33
89-103 90.40 91.60 1.20 15.26
04-06 107.50 108.80 1.30 11.35
86-16 58.52 60.05 1.53 10.29
86-15 41.15 42.98 1.83 9.74 vg
89-89 186.42 188.37 1.95 9.56
88-61 71.29 72.21 0.91 9.53
04-16 34.50 36.00 1.50 9.53
89-99 162.95 164.20 1.25 9.44
86-04 10.52 11.89 1.37 8.89 vg
86-09 47.24 48.77 1.53 8.21
87-45 66.00 67.00 1.00 7.54
14-01 47.00 49.20 2.20 7.31
14-13 174.50 179.50 5.00 7.29
89-80 80.14 81.69 1.55 7.21 vg
87-37 68.00 69.00 1.00 7.12
89-80 104.65 106.02 1.37 6.93 vg

This table includes historical information for 1986 through 2011 that has not been verified by a qualified person. True widths are unknown, although drill holes generally penetrated the zones at high angles. For more information, see the Technical Report titled “Ximen Mining Corporation, NI 43-101 Technical Report, The Brett Gold Project, British Columbia, Canada,” by M. Mroczek, P.Eng., September 22, 2017.

Brett Project Drilling Summary

For more information, see the Technical Report titled “Ximen Mining Corporation, NI 43-101 Technical Report, The Brett Gold Project, British Columbia, Canada,” by M. Mroczek, P.Eng., September 22, 2017.

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