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Ximen Mining Makes Final $1,000,000 Cash Payment on Kenville Gold Mine Royalty Agreement Nelson BC

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Ximen Mining Makes Final $1,000,000 Cash Payment on Kenville Gold Mine Royalty Agreement Nelson BC

 

 

 

 

 

Ximen Mining Corp. (TSX-V: XIM) is pleased to announce that it has made its final payment on a royalty option agreement with Gungnir Resources Inc.

 

Ximen Mining has now purchased all of Gungnir’s remaining interest in its 4% gross metal royalty over the Kenville Gold Mine Property for total consideration of $1,700,000.

 

See news releases dated April 26 and May 24, 2019, for further details on the Kenville transaction.

 

About Ximen Mining Corp.

 

Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under a option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.

 

 

Posted November 6, 2019

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