Ximen Begins Survey and Ground Magnetometer Work Brett Gold Property, Vernon, BC
VANCOUVER, British Columbia, June 4, 2014 (GLOBE NEWSWIRE) -- Ximen Mining Corp. (the "Company" or "Ximen") (TSX-V:XIM) (OTCQX:XXMMF) is pleased to announce that the ground magnetometer/VLF-EM survey on the Brett property is underway. Scott Geophysics has mobilized to the property and has begun the first ever geophysical survey on the claims. A minimum of 50 line kilometers of ground geophysics is planned, with 2 km long, 50 metre spaced east-west lines covering the southern part of the property.
The survey is designed to identify structures and zones of magnetite destructive alteration related to the epithermal gold system. The east-west oriented survey lines allows a good test of possible north, northwest and northeast trending structures, any of which could be important conduits for mineralization. The known Main Shear/RW zone will be covered by the geophysical survey, to provide an example of the geophysical signature that can be expected over this style of mineralization. The success of the geophysics at delineating structures and alteration zones will be evaluated after the initial 50 line-km has been completed, and if warranted, the survey will be extended to cover additional ground to the north. However since new discoveries have been made by the Ximen field crew as announced yesterday the survey will be expanded to 70 line-km. Currently 35 line-km have been completed.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Recently the company has entered into a due diligence agreement with Huldra Silver Inc. for the purposes of determining the feasibility, terms and conditions of a proposal for the acquisition of Huldra Silver. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA on the OTCQX under the symbol XXMMF.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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.
Contact
For further information, please contact Ward Kondas
604-488-3900 or by email at ward@ximenminingcorp.com
