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Magnetic and Lidar Surveys Completed at Amelia Property

VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") announces that during the 2022 field season it conducted airborne LIDAR and Magnetic surveys at its Amelia property near …

VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") announces that during the 2022 field season it conducted airborne LIDAR and Magnetic surveys at its Amelia property near Rock Creek in southern British Columbia.

The Amelia property covers the historic Cariboo-Amelia gold mine in Camp McKinney near Rock Creek, BC in the Greenwood Mining Division. A total of 8 square kilometers were covered by each of the magnetic and LIDAR surveys. The LIDAR survey included orthophotos and data were collected with a Phoenix Ranger Lidar scanner via a manned helicopter. The magnetic survey was flown at 50m spaced flight lines using a DRONE-MAG system, which consists of a multi-rotor UAV platform with a GSMP-35U potassium vapor magnetometer magnetometer, and GSM-19 Overhauser base stations.

Ximen Mining Corp., Tuesday, November 29, 2022, Press release picture

Image showing gold-quartz veins and outline of Amelia LIDAR and Magnetic surveys.

The Amelia property covers historic Camp McKinney and the Cariboo-Amelia gold mine. The Cariboo gold vein was discovered in 1887. Production at the mine started in 1894 and continued until 1903. The vein terminated to the east in a fault. In 1957, an extension was discovered by surface diamond drilling and the mine was reactivated. Production continued until 1962. The Cariboo-Amelia mine produced 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead and 198,140 pounds of zinc from 112,254 tonnes milled (BC Minfile). The average recovered gold grade was 24.68 grams per tonne gold.

The general area, originally known as Camp McKinney, is host to fifteen polymetallic and precious metal quartz vein, skarn and placer gold mineral occurrences on the property. The main vein, the Cariboo or McKinney vein, is a gold-quartz vein hosted in metamorphic rocks of the Paleozoic Anarchist Schist. The vein is offset by several north-trending faults where it was mined. Other veins include the Wiarton and Eureka veins, which are possible eastern and western extensions of the Cariboo vein. Nearby parallel veins include the Minnie Ha Ha, Dolphin and Sailor veins. Further out are the Anarchist vein to the southwest, and the Fontenoy vein to the east, which strike at high angle to the Cariboo vein.

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Magnetic and Lidar Surveys Completed at Amelia Property VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") announces that during the 2022 field season it conducted airborne LIDAR and Magnetic surveys at its Amelia property near …

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