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Ximen Mining Corp. (OTCQB:XXMMF) announced promising results from rock samples collected at its properties near Nelson, BC. Notably, a sample from the Ymir-Protection mine produced 13.1 grams per tonne gold and 145 grams per tonne silver. Overall, out of 16 samples, 8 returned significant precious metal values, with key findings from the California and Good Hope mines. The company is applying for exploration permits for the California mine and aims to finalize permitting for new underground development at the Kenville mine this spring.
Ximen Mining Corp announced promising assay results from its drilling at the Providence property, totaling 1,172 meters across six holes. Significant results include 178 g/t silver and 75.5 g/t gold in drill hole PRO20-02, indicating potential extensions to the historic vein. Additional underground samples revealed 157 g/t silver and 1.49 g/t gold, suggesting a new target. The company has also granted 2 million stock options at $0.40. Further drilling is planned to confirm these results.
Ximen Mining Corp. (OTCQB:XXMMF) has announced positive results from prospecting at its properties near the Kenville Gold Mine in Nelson, BC. Recent samples collected revealed significant grades of 9.04 g/t gold, 72.8 g/t silver, and 1.27% copper at the Venus showing. The historic Venus and Juno mines produced 3,444 ounces of gold and 3,070 ounces of silver from 1900 to 1941. The company plans to apply for exploration permits and advance development at the Kenville mine, with expectations for new underground mine development permitting to be finalized this spring.
Ximen Mining Corp (OTCQB:XXMMF) announced a US$5.0 million secured gold loan with a Swiss-based lender for the development of its Kenville Gold Mine. This non-dilutive financing aims to fund a 1200 meter decline and the extraction of a 10,000-tonne bulk sample. The loan is repayable by delivering a specific number of gold ounces at a discount to the spot price. The loan transaction is expected to close by April 30, 2021, pending due diligence and regulatory approvals. The Kenville Mine has historical production of 65,381 ounces of gold.
Ximen Mining Corp. announced the successful closing of a financing round yielding gross proceeds of $365,547. The private placement involved the issuance of 1,218,493 units at $0.30 per unit, each comprising a common share and a transferable common share purchase warrant, valid for 36 months at an exercise price of $0.45 per share. Proceeds will fund exploration in British Columbia and general working capital. The financing is pending final approval from the TSX Venture Exchange.
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Ximen Mining Corp. has completed portal construction at its Kenville Gold Mine in British Columbia, allowing access to the 257 level. The project involved back-fill, construction of a door, and installation of rail ties. The company has submitted its final application to the Mines Review Committee for mine development. Additionally, Ximen closed two non-brokered private placements for gross proceeds of $500,000, which will fund further exploration and working capital. The placements included 694,444 units at $0.36 and 595,240 flow-through shares at $0.42, with certain warrants issued.
Ximen Mining Corp (OTCQB: XXMMF) has made significant progress at its Kenville Gold Mine project in British Columbia. The 257 portal work is nearing completion, with nearly finished back-fill and rail connections in place. New mining equipment has arrived, indicating upcoming activities. The company has successfully closed a financing round, raising $408,000 through a private placement of shares at $0.255 per unit. These funds will support further exploration and operational costs. The permitting process is also advancing, with an updated application expected soon.
Ximen Mining Corp. (OTCQB:XXMMF) announced promising assay results from its Amelia property near Greenwood, BC. A total of 34 rock chip grab samples were analyzed, revealing significant findings including:
- Gold: Highest result of 103.5 g/t
- Silver: Highest result of 1465 g/t from the Fontenoy claim
- Additional notable results included 2.24 g/t gold from the Eureka mine area
Future drilling and trenching are planned to further explore these findings, enhancing growth potential.
Ximen Mining Corp (OTCQB:XXMMF) announced positive assay results from its Providence property near Greenwood, BC. The company reported significant findings from 16 rock chip and 20 soil samples, with highlights including a grab sample containing 884 grams per tonne silver and 1.36 grams per tonne gold. Another sample yielded 435 grams per tonne silver and 4.4 grams per tonne gold. A drilling program has commenced, with 755 metres completed across four holes, while additional exploration is planned. The results underscore the property’s potential and enhance investor interest.