Ximen Mining Corp. Receives Approval for Brett Gold Property, Vernon BC
18 Diciembre 2013 - 2:34PM
Ximen Mining Corp. (TSX-V:XIM) (the "Company" or
"Ximen") is pleased to announce that it received TSX-V approval to
acquire a 100% interest in the Brett Gold Project situated in the
North Okanagan region of Southwest British Columbia approximately
29 kilometers West of Vernon.
In 1996 a small (291 tonne) bulk sample, from the RW vein and
Main Shear Zone, was shipped to Trail and returned an average grade
27.74 gms Au/tonne and 63.7 gms Ag/tonne. Work was stopped in late
1996 and the property was tied up in litigation for several
years.
Highlights of a 43-101 report from the property dated April 2004
are summarized below:
- The property has seen high grade gold production from bulk
sampling.
- No work has been conducted on the property in the last 10
years.
- 100's of meters of underground workings on the property.
- Close proximity to Kinross's state of the art Kettle River
Operations (Buckhorn mine) mill. Since custom milling opportunities
exist in the district, the Gold Drop property does not necessarily
need to support a stand-alone mine/mill operation to be viable.
Even a small or modest tonnage of high-grade ore could potentially
be profitable to extract.
- Property hosts epithermal style gold mineralization containing
coarse gold and has excellent potential of hosting an economically
viable gold deposit.
- Excellent infrastructure and access along well maintained paved
and gravel roads.
- Drill permit in place for 18 drill pads and 32 drill holes as
well trenching permits.
A summary of the top 40 drill and trench intersections with
grades greater than 0.20 oz Au (6.8 gms Au/tonne) with a minimum
width of 3 feet is included here:
http://orders.newsfilecorp.com/files/3028/8063_enlargedx3x1.jpg.
To date, the Main Shear Zone has been traced for a strike length
of over 1300 meters and down dip to a depth of 150 meters (possibly
as deep as 500 meters, based on a single hole drilled on the
neighboring property) and is wide open in all directions. Based on
the review of all available data, combined with information gained
from a property inspection, the Brett property hosts epithermal
style gold mineralization containing coarse gold and has excellent
potential of hosting an economically viable gold deposit.
The land package that has been assembled is over 2,700 hectares
and is located in close proximity to several mills, in particular,
Kinross' Kettle River Operations mill which is currently operating
at about half capacity and looking for additional feed.
Patrick Forseille, P. Geo., a Qualified Person as defined by NI
43-101 is responsible for the technical information contained in
this release.
XIMEN MINING CORP.
Per: "On behalf of the board"
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.
Statements in this press release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, may include
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in resource exploration and development. As
a result, actual results may vary materially from those described
in the forward-looking statements.
(To view an image of Brett property's previous drill and trench
results, please visit:
http://orders.newsfilecorp.com/files/3028/8063_enlargedx3x1.jpg)
CONTACT: Ximen Mining Corp.
604-488-3900
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