Ximen Compiling and Analysing All Previous Exploration Data; Brett Gold Property, Vernon, BC
25 Marzo 2014 - 7:03AM
Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") is
pleased to announce that it has engaged the services of John May to
assist Linda Caron with the GIS compilation and data interpretation
on the Brett Property. Mr. May recently retired as a Senior
Geologist of Kinross Gold Corp. at their Republic operations, and
is intimately familiar with epithermal gold deposit models. The GIS
compilation and data interpretation is expected to be completed in
late April or early May.
Ximen has compiled a near complete package of historic
exploration data from the Brett property, from work by former
operators between 1985 and 2011. The company is currently working
towards a rigorous analysis of this data. Complete geological,
structural, alteration and analytical information from 131 historic
diamond drill holes has been entered into digital format for the
first time, to allow 3D interpretation of the information. This
will help define structural and lithological controls to
mineralization, as well as zoning and location within the
epithermal system.
Linda Caron states: "The mineralization at Brett is typical of a
classic low-sulfidation epithermal system. Gold occurs in
high-grade, low-sulfide bonanza type veins with textures including
banding, brecciation, stockwork zones and coarse visible gold. The
volcanic host rocks surrounding the mineralized zones are intensely
argillic altered, with more proximal zones of phyllic and potassic
alteration and silicification. The veins have strong structural
controls and many of the faults controlling mineralization are
long-lived features with considerable post-vein movement along
them. There are also stratigraphic controls to gold mineralization.
High-grade veins are best developed in more brittle volcanic
lithologies, while the more permeable volcaniclastic units host
disseminated bulk tonnage gold mineralization."
Mapping out patterns of alteration in 3D shows where the
originally zoned mineralizing system remains intact, and where it
is displaced by post-mineral faults. A better understanding of the
geological and structural setting through the GIS compilation will
allow better targeting of these two different target styles.
Results from historic surface exploration (geological mapping,
soil and rock geochemistry) are also being incorporated into the
GIS database.
Ximen Mining Corp. is a publicly listed company trading on the
TSX Venture (XIM), and is listed on the Frankfurt, Stuttgart and
Berlin Stock Exchanges (U9U) in Germany under the symbol
A1W2EG.
XIMEN MINING CORP.
On Behalf of the board
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: Ward Kondas
604-488-3900
Corporate Development
Ximen Mining (TSXV:XIM)
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