VANCOUVER, BC / ACCESSWIRE / April 3, 2017 / Ximen Mining Corp. (TSX-V: XIM) (the "Company" or "Ximen") is pleased to announce analytical results for drill core samples collected recently from six holes drilled on the Company's Brett Epithermal Gold-Silver Property, located 30 kilometres west of Vernon, BC. These drill holes were part of an HQ diamond drilling program consisting of 16 holes totaling 2,364 metres completed during July - September, 2016 on the Brett Property. The drilling program tested the Brett Main Zone. Hole coordinates and initial core sample analytical results for the drill program were reported by the Company in the News Releases of November 21, 2016.
Ximen recently completed additional sampling and some re-sampling of drill core from the 2016 program. Core sample analytical results for three holes (2016-01, 2 and 6) were reported by the Company in March 9 and March 20 News Releases, the highlight being a 0.30 metre core length sample from 2016-1 returning 112 g/t (ppm) gold and 263 g/t silver consisting of quartz veining (plus or minus carbonate) and silicification. The true thickness of this intersection is unknown.
The more significant results (at a 1.0 gram cutoff value for gold) of this recent sampling of holes 2016-5, 7, 10, 11, 13 and 14 drill core include the following (length is core length):
|
Hole No. |
From(m) |
To (m) |
Length (m) |
Au (g/t) |
||
|
2016-05 |
8.17 |
8.85 |
0.68 |
2.89 |
||
|
2016-05 |
22.14 |
23.16 |
1.02 |
1.21 |
||
|
2016-05 |
26.74 |
28.40 |
1.66 |
1.26 |
||
|
2016-05 |
78.37 |
78.95 |
0.58 |
7.23 |
||
|
2016-05 |
85.54 |
92.64 |
7.10 |
1.22 |
||
|
2016-10 |
43.88 |
47.38 |
3.50 |
1.10 |
||
|
2016-14 |
92.35 |
92.75 |
0.40 |
6.04 |
Holes 2016-5, 7, 10, 11 and 14 tested an approximately 300 metre length of the northwest striking Main Zone. These five holes were all drilled at a 50 degree dip to the northeast (060 degree azimuth). Hole 2016-1 was also drilled in this area. Hole 2016-13 was drilled further northwest, approximately 425 metres northwest of hole 2016-10. Hole 2016-13 was drilled at the same dip and azimuth.
Hole 2016-5 intersected multiple gold bearing intervals as listed in the preceding table. These intervals consist of variably altered volcanics (including local silicification) with disseminated and / or stringers of pyrite with plus or minus quartz veining. The higher grade sample at 78.37 - 78.95 metres is an altered (bleached) interval with pyrite as disseminations and stringers. The gold bearing intersection in hole 2016-10 at 43.88 - 47.38 metres is a variably silicified tuffaceous unit with disseminated pyrite and local quartz veinlets. The gold bearing sample in hole 2016-14 at 92.35 - 92.75 metres is a brecciated quartz flooded zone.
Initial sampling of hole 2016-11 drill core identified a gold bearing fault zone at 62.00 - 62.58 metres (0.58 metre core length) returning 13.35 g/t gold (News Release of November 21, 2016).
All sample lengths stated in this News Release are core length. The true width of these gold bearing intervals is unknown.
During the recent sampling program, core samples were cut with half core samples submitted for analysis. In minor cases where core was re-sampled, the existing half core was quartered with quarter core samples submitted for analysis. At ALS Minerals, the samples were crushed to 90% less than 2 millimeters; riffle split off 1 kilogram; and split portion pulverized to better than 95% passing 106 microns. The pulverized portions were analyzed for gold by Fire Assay and Inductively Coupled Plasma - Atomic Emission Spectrometry (ICP-AES) and for 33 elements (including silver) by four-acid and ICP-AES.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
On behalf of the Board of Directors,
"Christopher R. Anderson"
Christopher R. Anderson,
President, CEO and Director
Ximen Mining Corp.
604 488-3900
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects. Ximen`s two Gold projects, The Gold Drop Project and Brett Gold Project are located in southern British Columbia. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing Huldra Silver Mine. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN with the number as A1W2EG.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900
SOURCE: Ximen Mining Corp.