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Ximen Mining Corp (OTCQB: XXMMF) is advancing underground mine exploration at its Brett Property near Vernon, BC. The development plan includes diamond drill stations and 200-meter drift access for underground drilling aimed at exploring mineralized zones. A permit application is under review, with required plans for environmental management submitted. Historical drilling at the Brett property has identified multiple high-grade gold zones, with notable past results such as 25.24 grams per tonne over 8.62 meters. Ximen's commitment to the exploration process may enhance investor confidence.
Ximen Mining Corp (OTCQB: XXMMF) announced the receipt of the first draft of an environmental permit for the Kenville Gold Mine. The draft permit, received on December 23, 2022, is primarily in order, with outstanding items focused on clerical revisions. The company anticipates finalizing this process soon, paving the way for the issuance of the Final EMS Permit. Ximen is also awaiting a second permit draft from the mines department. The company is actively working to complete the necessary digital documentation for bond determination and permit boundary definition.
Ximen Mining Corp. has successfully closed a non-brokered private placement, issuing 2,714,286 flow-through units at $0.07 each to raise $190,000. This placement involved common shares and warrants, allowing investors to purchase additional shares at Cdn$0.10 within five years. Proceeds will fund exploration of mineral properties in British Columbia. The transaction involved related party participation by Christopher Anderson, the company president, under exemptions from formal valuation and minority approval requirements. All securities issued will be subject to a hold period until April 22, 2023.
Ximen Mining (OTCQB:XXMMF) has updated shareholders on the status of its Kenville Gold Mine permits in British Columbia. The company expects to receive two permits soon: one from the Ministry of Energy, Mines and Low-Carbon Innovation, and one from the Ministry of Environment. These permits are vital for advancing the project, which aims to be one of the greenest gold mines in Canada. Shares traded at $0.11, reflecting a 100% increase following the announcement, highlighting market optimism for the company's future.
Ximen Mining Corp (OTCQB: XXMMF) updates shareholders on the Kenville Gold Mine permit status following a call with Major Mines of BC on December 8, 2022. The company expects two permits: one from the Ministry of Energy and another from the Ministry of Environment. The draft permit from Mines is complete, while the Environment draft is also ready for submission. Both permits will include conditions and require a brief review before final approval. The company aims to operate sustainably and provide significant employment opportunities in the region.
Ximen Mining Corp (OTCQB: XXMMF) announced a non-brokered private placement of 7 million flow-through shares at $0.07 each, raising gross proceeds of $490,000. The shares will fund exploration on its British Columbia properties. Each share includes a warrant allowing the purchase of an additional non-flow-through share at Cdn$0.10 for five years. The offering is pending TSX Venture Exchange approval, and insiders may participate. With a focus on acquiring high-grade gold assets, Ximen aims to advance the Kenville Gold Mine towards production.
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