Overview
The Treasure Mountain Silver Project is located within the New Westminster and Similkameen Mining Divisions in southern British Columbia. The property sits within the Intermontane Belt, a unique tectonic belt in the northwest region of North America, along which many past and current producing gold, silver, lead, zinc, and/or molybdenum mines are located.
Currently, Ximen has the Treasure Mountain Silver Project optioned to New Destiny Mining Corp. (TSX.V:NED) for staged cash and stock payments.
~10,800 hectares
The property displays multiple types of mineralization, including polymetallic veins, gold-bearing quartz veins, and porphyry and porphyry-related mineralization. This includes at least seven occurrences of gold, silver, copper, lead, and/or zinc, plus two copper-molybdenum occurrences and reports of copper-nickel mineralization.
Gold-bearing quartz veins in the northeast region include:
- the John Bull vein—historically assayed (1913 & 1937) 24 g/t gold over 0.20 m in outcrop sample; 2018 grab sample assayed 11.3 g/t gold
- the Spokane vein— historically assayed 4.11 g/t gold over 0.9 m chip sample length
- the Marsellaise vein—historically assayed 3.5 g/t gold over 0.66 m chip sample length
Base metal and silver mineralization in the north-central and southwest regions includes:
- Rainy (Cedarflat) Occurrence—historical rock dump grab samples (2011) at 6.5%, 7.4%, and 11.9% zinc and up to 51 g/t silver with anomalous gold and copper
- Rio Grande Occurrence—2018 outcrop grab samples up to 1.45% zinc and 122 g/t silver with anomalous gold, tellurium, and indium
- Samples from 2011 in the north-central region reported as sulfide-bearing quartz vein material (polymetallic vein material)
Copper, silver, and gold mineralization in the east region includes:
- Superior (Lucky Todd) Occurrence—historical rock dump grab samples (2012) over 1% copper and up to 76 g/t silver; 2018 assayed 8.8 g/t gold
Nearby properties include the adjacent Treasure Mountain property of Nicola Mining Inc. (TSX.V:NIM), which hosts polymetallic veins and the historical Treasure Mountain silver-lead-zinc mine; and the Shovelnose Gold property of Westhaven Ventures Inc. (TSX.V: WHN), which in 20XX reported a diamond drill intersection of 8.95 g/t gold and 65.47 g/t silver over 46.2 m core length.
