Ximen Mining Corp. (TSX-V: XIM) (FRA: 1XMA) (OTCQB:XXMMF) announces its option partner, GGX Gold Corp (TSX-V: GGX), is planning to test a geophysical anomaly discovered by new technology.
The proprietary Stargate II (SG II) Drill Target Modeling System incorporates Acoustic EM analysis and was developed by Earth Science Services Corporation of Oshawa, Ontario (ESSCO). SG II employs an enhanced, deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey (for more information see the ESSCO Website at: http://www.earthscienceservices.ca/index.php).
A geophysical anomaly on the Gold Drop property in the Greenwood Mining Camp was supplied to GGX by Glenn Galata of ESSCO. GGX intends to drill test the anomaly in the coming weeks. The system is in developmental / pre-commercial stage and as such the effectiveness of this technique is not fully known.
Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects located in southern BC. Ximen`s two Gold projects are The Gold Drop Project and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past-producing Huldra Silver Mine. Currently both the Gold Drop Project and the Treasure Mountain Silver Project are under option agreements. The option partners are making annual staged cash and stocks payments as well as funding the development of these projects.
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