Ximen Update on its Treasure Mountain Silver Project - 500 Beiträge pro Seite

[Gold_Klaus]

Ximen Update on its Treasure Mountain Silver Project



Vancouver, British Columbia (FSCwire) - Ximen Mining Corp. (the “Company” or “Ximen”) is pleased to announce the successful completion of a sampling program on its Treasure Mountain Silver Project, located northeast-east of Hope, Southern British Columbia.

The geochemical whole rock sampling program took place in September of this year and covered claims in the southeast and northeast parts of Ximen’s Treasure Mountain Silver Project.


To view the graphic in its original size, please click here

Grab sample recovered from near the Superior showing, showing quartz stockworking and gossanous iron oxide probably derived from sulphide mineralization.

This program was the first part of a multi-phase program planned for Ximen`s Treasure Mountain Silver project this fall. It was a whole rock/grab sampling program that took place in September.

Sampling focused on visible mineralization and proximity to known mineralization as recorded in the BC minfile data base, such as the Lucky Todd, Superior, and Rio Grande. The Superior and Lucky Todd minfile occurrences are described as pyrite and traces of chalcopyrite in narrow seams along fractures in a quartz porphyritic dike. A sample taken across a 1.5 meter zone in the Superior showing assayed 0.69 g/T. gold. The Rio Grande minfile describes mineralization as a zone containing narrow stringers 2.5 to 10 cm wide. A chip sample across the zone assayed 14 g/T silver, and 1.2% zinc.

Samples taken during this program were submitted to ALS laboratories for base and precious metal analyses.

Further Ximen Mining Corp. is pleased to announce that further to its November 7, 2016 news release, the TSX Venture Exchange has approved the issuance of 221,736 common shares at a deemed price of $0.12 cents per common share to settle an aggregate of $26,608.40 of debt owed to certain creditors of the Company. The hold period expiry date for the shares is March 16, 2017.

On behalf of the Board of Directors,

“Christopher R. Anderson”

Christopher R. Anderson,
President, CEO and Director

Ximen Mining Corp. 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 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: [phone]


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Ximen11182016.pdf

Source: Ximen Mining Corp. (TSX Venture:XIM)

[Gold_Klaus]

Antwort auf Beitrag Nr.: 53.734.521 von Gold_Klaus am 20.11.16 17:24:41

Ximen Completes Phase 2 & 3 Exploration Program and Secures Drilling

Ximen Completes Phase 2 & 3 Exploration Program and Secures Drilling and Trenching Permits at the Treasure Mountain Silver Project, Hope BC Canada



Vancouver, British Columbia (FSCwire) - (TSX-V: XIM) Ximen Mining Corp. (the “Company” or “Ximen”) is pleased to announce the successful completion of the second and third phase of its sampling and exploration program at its precious and base metal Treasure Mountain Silver Project, located east northeast of Hope, Southern British Columbia.


To view the graphic in its original size, please click here
Prospecting near the Superior showing, showing gossanous iron oxide derived from sulphide mineralization.

The first phase was a whole rock/grab sampling program that took place in September 2016. All samples were collected largely in the south part of the Treasure Mountain Silver Project. Results to be released when received.

A second program was initiated in October 2016. Fifty-one whole rock/grab samples were collected and results will be released when received.

These samples were collected because of visible mineralization and proximity to known mineralization as recorded in the BC minfile data base, such as the Lucky Todd, Superior, and Rio Grande. The Superior and Lucky Todd minfile occurrences are described as pyrite and traces of chalcopyrite in narrow seams along fractures in a quartz porphyritic dike. A previously reported sample taken across a 1.5 meter zone in the Superior showing assayed 0.69 g/T. gold. The Rio Grande minfile describes mineralization as a zone containing narrow stringers 2.5 to 10 cm wide. A chip sample across the zone assayed 14 g/T silver, and 1.2% zinc.


To view the graphic in its original size, please click here
Auger recovering samples from bedrock at approximate depth of 3.5 M

The third program, involving a three man crew and an auger on a five ton truck was carried out in mid-November. Thirty two Auger holes were completed and reclaimed. Samples collected were submitted and results are pending. The deep soil sampling covered a transect of the Treasure Mountain Silver Project claim block from the north east corner of the property to the boundary with the Nicola Mine property and south east along the contact with that property. It was designed to gather data where there is minimal outcrop but in the same general area as the mine itself and minfile occurrences such as the aforementioned Lucky Todd, Superior and Rio Grande.

The soil sampling process was significantly enhanced by using a mechanized truck mounted auger that was capable of penetrating through overburden and glacial till. This process enabled samples to be recovered deeper in the soil horizon nearer the soil bedrock interface and will provide useful data further focussing exploration in the 2017 field season. During the enhanced soil sampling program prospecting was also conducted near the Superior minfile showing, rock samples were taken and also submitted for analysis.

In conjunction with the sampling program a drone with aerial photography capabilities was used to enhance the understanding of the topography of less accessible areas.


To view the graphic in its original size, please click here
All samples were submitted to ALS laboratories for base and precious metal analyses.

Based on the results of the 2015 and 2016 sampling data, and past historical exploration an aggressive trenching and drill program is planned for the 2017 field season. Permitting for diamond drill sites and trenches, is now in place.

Ximen’s Treasure mountain silver Project covers historically prospective ground in the Similkameen and New Westminster Mining Divisions. The Project is adjacent to Nicola Mining Inc.’s Treasure Mountain Property, site of the previous opertaing Treasure Mountain Silver-Lead-Zinc Mine which exploited polymetallic veins. The Project occurs within the Intermontane Tectonic Belt, which hosts numerous porphyry copper and copper-gold deposits. The project covers approximately 9500 hectares and hosts seven gold, silver, lead, zinc and / or copper occurrences in various regions as reported in B.C. Ministry of Energy and Mines MINFILE database. These include gold-quartz vein, polymetallic vein and porphyry type occurrences. Some of these mineral occurrences have an associated historic underground workings.

Ximen decided at the beginning of 2016 to divest itself of its non-core assets and focus its efforts on its key asset the Brett Gold Project outside Vernon BC. Work completed this year at the Treasure Mountain Silver project was to advance the project to a stage where a partner could take over the project and continue with the opportunity. Drill and trenching targets are now in place and permits secured for the 2017 field season.

On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director

Ximen Mining Corp…..
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: [phone]


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ximenmining11252016_1.pdf

[Gold_Klaus]

Antwort auf Beitrag Nr.: 53.773.986 von Gold_Klaus am 25.11.16 19:25:19

Ximen Mining Corp has now entered into an Options Agreement on the Treasure M.

Ximen Mining Corp has now entered into an Options Agreement on the Treasure Mountain Silver Project Hope BC Canada



Vancouver, British Columbia (FSCwire) - (TSX-V: XIM) Ximen Mining Corp. (the “Company” or “Ximen”) is pleased to announce that it has signed an option agreement with New Destiny Mining Corp. under which New Destiny may acquire 100 percent of Ximen's Treasure Mountain Silver Project, located 30 kilometres east of Hope, B.C.


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Under the Agreement, New Destiny may earn a 100% interest in the property by making certain staged cash payments and share payments of common shares in the capital of New Destiny to Ximen over a four year period equal to a total of $450,000 in cash and common shares equal. Including a $25,000 payment upon signing the agreement (paid), and $50,000 cash and $50,000 in stock upon Toronto Stock Exchange approval. New Destiny Mining will also be required to spend $750,000 on exploration over the four-year term.

Ximen will retain a 2.5% net smelter return royalty (the “NSR Royalty”) which New Destiny may buy down 1% of the NSR Royalty by paying $1,000,000 to Ximen. Upon the acquisition of the Property, Ximen will have a right for nine months thereafter to elect to form a joint venture with New Destiny by paying to New Destiny the amount of money equal to 30% of the total amount expended on the Property by New Destiny. If Ximen exercises this joint-venture right, Ximen and New Destiny will enter into a joint venture for the exploration and development of the Property. Details of the Agreement will be available on New Destiny’s SEDAR profile at www.sedar.com.

The Treasure Mountain Silver Project covers historically prospective ground in the Similkameen and New Westminster mining divisions. The property is adjacent to Nicola Mining Inc.'s Treasure Mountain property, site of the previous operating Treasure Mountain silver-lead-zinc mine, which exploited polymetallic veins. The property occurs within the Intermontane tectonic belt, which hosts numerous porphyry copper and copper-gold deposits. The property covers approximately 9,500 hectares and hosts seven gold, silver, lead, zinc and/or copper occurrences in various regions as reported in B.C. Ministry of Energy and Mines' Minfile database. These include gold-quartz vein, polymetallic vein and porphyry-type occurrences. Some of these mineral occurrences have associated historical, underground workings.

We Seek Safe Harbor.
On behalf of the Board of Directors,
“Christopher R. Anderson”

Christopher R. Anderson,
President, CEO and Director

Ximen Mining Corp. 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 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: [phone]


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ximen12022016.pdf

Source: Ximen Mining Corp. (TSX Venture:XIM)

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