Gold Drop Project

Property Under Option

Overview

Ximen has optioned its 100% owned Gold Drop Property to GGX Gold Corp (TSXV:GGX) for staged cash and stock payments and work commitments.

The Gold Drop Property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined. The earliest historic work on the property occurred during the 1890’s to early 1900’s, when most of the veins were discovered. Most of the underground development – mining occurred during the mid- 1920’s to 1941.


~18,500 hectares

The COD Vein – High Grade & Near Surface

In 2017 GGX focused its exploration on the Gold Drop Southwest Zone where several gold and silver bearing quartz veins are reported. One reported quartz vein in this region is referred to as the C.O.D. The northeast-southwest striking C.O.D. vein is reported to be traced by a series of shafts and pits for a distance of approximately 1500 metres and reported to have a maximum width of 1.5 metres at surface.

The COD Vein – 2018 Drilling Highlights

2018 diamond drill hole highlights at the COD vein include the results shown in the associated table below. The Company intersected near-surface, high-grade gold, silver and tellurium within the C.O.D vein during 2018 diamond drilling, including:

COD18-67: 129 g/t gold, 1,154 g/t silver & 823 g/t tellurium over 7.28 meters core length.
COD18-70: 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90 meters core length.

Fourteen drill core samples from the high‐grade gold and silver intersections of drill holes COD18‐67 and COD18‐70 were reanalyzed for tellurium by four‐acid ICP‐AES. These new analytical results confirmed high grade tellurium within the high‐grade gold and silver intersections.

Drilling Details

2018 Drilling Highlights

Hole ID Length (m) Gold (g/t) Silver (g/t) Te (g/t)
COD 18-03 2.1 14.6 150.2 102.0
COD 18-26 1.4 10.3 1.1 0.2
COD 18-32 1.5 3.7 67.2 30.4
COD 18-33 3.0 8.7 47.6 37.3
COD 18-34 3.4 6.2 72.4 31.0
COD 18-37 4.0 8.2 67.4 38.5
COD 18-45 2.1 50.2 375.0
COD 18-46 1.5 54.9 379.0
COD 18-49 1.5 9.5 118.0 72.2
COD 18-54 1.7 7.6 60.2 34.1
COD 18-61 1.4 5.3 32.4 31.4
COD 18-63 1.2 28.0 424.7 150.4
COD 18-67 7.3 129.1 1,154.9 823.0
COD 18-68 2.8 8.8 85.4 56.3
COD 18-69 7.5 5.8 67.9 61.2
COD 18-70 6.9 107.5 880.0 640.0

Drill Holes 18-67 and 18-68 Reanalyzed for Te

Hole ID From (m) To (m) Length (m) Te (g/t)
COD 18-67 23.28 23.95 0.37 880
COD 18-67 24.5 25.1 0.6 560
COD 18-67 25.1 25.5 0.4 770
COD 18-67 25.5 26.06 0.56 900
COD 18-67 26.06 26.34 0.28 930
COD 18-67 26.34 26.72 0.38 2250
COD 18-67 26.72 27.1 0.38 3860
COD 18-67 27.1 27.63 0.53 1550
COD 18-67 29.7 30.04 0.34 1090
COD 18-67 30.04 30.47 0.43 710
COD 18-70 22.57 22.95 0.38 690
COD 18-70 23.3 23.75 0.45 3340
COD 18-70 23.75 24.15 0.4 2960
COD 18-70 26.19 26.98 0.79 830
COD 18-70 26.19 26.98 0.79 830

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