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Ximen Mining Corp. (OTCQB: XXMMF) has initiated an exploration program to assess the gold content in tailings from the historic Wilcox gold mine in southeastern British Columbia. The project aims to evaluate a tailings deposit estimated at 3.09 grams of gold per tonne, totaling 12,387 tonnes, with the potential for 1,230 ounces of gold. A detailed survey and sampling campaign will be conducted this season, employing various techniques including auger drilling and drone photogrammetry. The historical resource estimate is not classified as current and requires further verification.
Ximen Mining Corp (OTCQB: XXMMF) is set to commence drilling at the Wild Horse Creek Gold property, located 15 kilometers northeast of Cranbrook, BC. The helicopter-supported drill program aims to follow up on previous high gold value drill results from 2016. Historical assays from drill hole LF16-01 indicated gold values up to 8.0 grams per tonne. The new drilling will attempt to expand the mineralized zone beneath these high-value surface outcrops. The Wild Horse Creek area has a rich history, with over 10 million ounces of gold recovered since 1864.
Ximen Mining Corp. has acquired 139 mineral claims in the Wild Horse Creek area, located 15 kilometers northeast of Cranbrook, covering 12,767 hectares. The acquisition involves issuing 3,455,000 shares to vendors across two Purchase Agreements, each providing a 100% interest in the claims, subject to a 1.0% net smelter return royalty. The claims are situated in the Kimberley Gold Trend, historically significant for gold mining. Current exploration permits are in place, enhancing the site's potential to uncover rich gold deposits.
Ximen Mining Corp (OTCQB: XXMMF) has successfully closed a financing round, securing $200,000 through a non-brokered private placement of 800,000 units at $0.25 per unit. Each unit includes one common share and a warrant, exercisable within 36 months at a price of $0.35. The funds will support exploration in British Columbia and general working capital. The closing is pending TSX-V approval.
Ximen holds full interest in three precious metal projects in southern BC, including the recently acquired Kenville Gold mine.
Ximen Mining Corp (OTCQB: XXMMF) has initiated construction of a temporary exploration camp adjacent to its Kenville Mine site. This development supports their planned exploration program for the year, covering properties from Kenville to Ymir and Salmo. The camp will feature trailer-based facilities for geological and drilling crews, with hydro power and septic systems under construction. Ximen aims to develop its gold assets in southern British Columbia while maintaining financial discipline and sustainability in its operations.
Ximen Mining Corp (OTCQB: XXMMF) has engaged Masse Environmental Consultants and Ecoscape Environmental Consultants for technical services at the Kenville Gold Mine in Nelson, BC. Masse, with a history of involvement in the mine's environmental studies, will collaborate with Ecoscape on hydrological studies for a new decline permit application. Ximen continues to strengthen its technical team alongside Micon International Ltd. as it advances towards production while maintaining a focus on ethical and sustainable mining practices.
Ximen Mining Corp (OTCQB:XXMMF) has contracted Micon International Limited to provide technical services for the Kenville Mine. The project aims to create a resource estimate to support a 10,000-tonne bulk sample from previously untested areas. The permitting process for mine development is progressing well, with the application currently under review. The Kenville Mine, British Columbia's first hard rock gold mine, has a historic production of over 65,000 ounces of gold. Ximen owns 100% of the Kenville Mine and is advancing its development plans.
Ximen Mining Corp (OTCQB:XXMMF) has announced the acquisition of a 2.5% Net Smelter Royalty (NSR) covering 15,116 hectares in the Greenwood mining camp, BC. This acquisition includes five additional mineral claims totaling 3,873 hectares, purchased from a private corporation for 800,000 shares of Ximen. With this acquisition, Ximen's total mineral properties now span approximately 19,000 hectares. An airborne VTEM and magnetic survey has been completed over part of this area, potentially identifying new drilling targets.
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