16 g/t Gold over 0.39 metres in Drill Core Brett Epithermal Gold Property, Vernon BC Canada
Vancouver, British Columbia (FSCwire) - (TSX-V: XIM) Ximen MiningCorp.(the “Company” or “Ximen”) is pleased to announce analytical results for drill core samples collected recently from hole 2016-21, drilled on the Company’s Brett Epithermal Gold-Silver Property, located 30 kilometres west of Vernon, BC. This drill hole was part of an HQ diamond drilling program consisting of 16 holes totaling 2364 metres completed during July - September, 2016 on the Brett Property. Drill hole 2016-21, testing the northern region of the Main Zone, intersected gold and silver bearing intervals. Drill hole coordinates and initial core sample analytical results were reported by the Company in the November 21, 2016 News Release.
Ximen recently completed additional sampling and some re-sampling of drill core from the 2016 program. Core sample analytical results for the recent sampling were reported by the Company in March 9, March 20 and April 3 News Releases, the highlight being a 0.30 metre core length sample from drill hole 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. Hole 2016-1 was drilled at the Main Zone in the area of the adit.
“We are excited regarding hole 2016-21 results. The hole, in the northern part of the Main Zone, intersected three gold bearing intervals of which high grade gold was intersected at the bottom of the hole. It is unclear of the extent of the lower gold bearing interval due to the final sample extending to the bottom of the hole. This part of the main zone will be one priority area during the next drill program.”
says Christopher Anderson, president and chief executive officer of Ximen Mining.
The Company has received analytical results for hole 2016-21 core samples, which tested the northern area of the northwest striking Main Zone. This hole was drilled at an 80 degree dip to the northeast (60 degree azimuth) for a total length of 191.24 meters, being collared approximately 485 meters northwest of hole 2016-1. Initial drill core sample results for hole 2016-21 included 2.38 g/t Au and 5.5 g/t Ag over 1 metre core length at 83.0 - 84.0 metres (true width is unknown). The more significant results (at a 1.0 gram cutoff value for gold) of the recent sampling of hole 2016-21 drill core include the following (length is core length):
- 63.60 - 63.94 metres (0.34m): 3.61 g/t Au and 133 g/t Ag
- 190.85 - 191.24 metres (0.39m): 16 g/t Au and 18.1 g/t Ag
The true thickness of each of the preceding mineralized intervals is unknown.
The interval at 63.60 - 63.94 metres is a quartz-flooded and silicified zone with pyrite. The interval at 190.85 - 191.24 metres is a tuffaceous unit with quartz-carbonate veinlets and pyrite.
To view the graphic in its original size, please click here
Drill Hole 2016-21: 190.85 - 191.24m (to end of hole): 16 g/t Au and 18.1 g/t Ag
The 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. The sample at 190.85 - 191.24 metres was also analyzed for gold by Fire Assay and Gravimetric Finish.
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
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
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ximen04242017.pdf
Source: Ximen Mining Corp. (TSX Venture:XIM)
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