The Prospector News

Ximen Mining Reports Further Drill Assays – Gold Drop – Historic Greenwood Mining Camp

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Ximen Mining Reports Further Drill Assays – Gold Drop – Historic Greenwood Mining Camp

 

 

 

 

 

Ximen Mining Corp. (TSX-V:XIM) (FRA:1XMA) (OTCQB:XXMMF) is pleased to announce assay results from holes drilled this season by its option partner GGX Gold Corp. at the Gold Drop property in the Greenwood Mining Camp.

 

This year, a total 49 holes (3,160 metres) were drilled in to test the C.O.D. and C.O.D. North veins, and 719 metres in Hole AMT19-01 to test a large geophysical anomaly. Holes COD19-34 to 43 were drilled on the C.O.D. North Vein. Significant results for samples collected from holes COD19-28 to COD19-48 are provided in the tables below.

 

Of the 21 holes reported, eight holes intersected significant gold mineralization, and eight of the intercepts graded better than 15 grams per tonne gold with elevated silver (up to 796 grams per tonne Ag) and tellurium values (up to 700 grams per tonne Te). One of the holes on the C.O.D North vein intersected significant gold mineralization. The results provide further confidence in the potential for economic mineralization in the COD veins at the Gold Drop property, and the results add to the list of mineralized intercepts disclosed previously.

 

 

Hole From To Length
(m)
Gold
(g/t)
Silver
(g/t)
Tellurium
(ppm)
Description
COD19-29 41.24 41.88 0.64 3.98 38.3 23.0 Quartz vein, pyrite
COD19-29 43.61 44.00 0.39 8.74 94.7 55.1 Quartz veinlet + altered rock
COD19-30 40.36 40.85 0.49 42.00 465.0 403.0 Quartz vein, pyrite, telluride
COD19-30 40.85 41.43 0.58 9.60 107.0 76.5 Quartz vein, pyrite, telluride
COD19-31 36.45 36.98 0.53 20.90 220.0 163.0 Quartz vein, pyrite
COD19-31 36.98 37.45 0.47 17.80 160.0 132.5 Quartz vein, pyrite, telluride
COD19-38 36.05 36.49 0.44 5.65 38.8 26.3 Quartz veinlet + altered rock
COD19-38 36.49 36.80 0.31 1.11 7.6 5.5 altered rock, pyrite
COD19-38 38.39 38.71 0.32 58.30 384.0 355.0 Quartz vein, pyrite, telluride
COD19-45 49.45 50.00 0.55 21.20 224.0 133.5 Quartz vein, pyrite, telluride
COD19-45 50.00 50.50 0.50 9.70 69.4 48.3 Quartz vein, pyrite
COD19-45 50.50 51.00 0.50 2.30 23.9 13.9 Quartz vein, pyrite
COD19-45 51.00 51.44 0.44 2.65 75.1 26.9 Quartz vein, pyrite
COD19-46 32.52 33.00 0.48 41.20 431.0 314.0 Quartz vein, pyrite, telluride
COD19-46 33.00 33.50 0.50 84.70 769.0 700.0 Quartz vein, pyrite, telluride
COD19-47 29.74 30.09 0.35 74.90 796.0 700.0 Quartz vein, gold, pyrite, telluride
COD19-48 27.54 28.00 0.46 7.88 78.0 54.4 Quartz vein, pyrite

 

Abbreviations: m=meters, g/t = grams per tonne, ppm = parts per million (equivalent to grams per tonne)

 

Note: The lengths reported in the table above are core interval lengths and not true widths. There is insufficient information at this time to estimate true widths.

 

The weighted average grades for the intercepts in holes 30, 38, 45, and 46 are as follows:

 

 

Hole From To Length
(m)
Gold
(g/t)
Silver
(g/t)
Tellurium
(ppm)
Description
COD19-30 40.36 41.43 1.07 24.44 270.9 226.0 Quartz vein, pyrite, telluride
COD19-38 36.05 36.80 0.75 3.77 25.9 17.7 Quartz veinlet + altered rock
COD19-45 49.45 51.44 1.99 9.46 102.0 58.5 Quartz vein, pyrite, telluride
COD19-46 32.52 34.00 1.48 42.81 404.8 342.8 Quartz vein, pyrite, telluride

 

Analytical results reported above were provided by ALS Laboratories in North Vancouver, BC., which is an independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on 50 gram sub-samples, or by metallics sieve analyses. Analyses for silver and tellurium were by four acid digestion with ICP-MS finish. Silver results greater than 100 ppm, and Tellurium results greater than 500 ppm, were reanalyzed using a four-acid digestion and ICP-AES or AAS finish on a 0.4g sub-sample. Quality control was monitored using analytical results for reference standards and blank samples inserted into the sample stream at a frequency of 5% each.

 

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% 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 December 13, 2019

Share this news article

MORE or "UNCATEGORIZED"


Appia Announces Further 2021 Assay Results and Provides Drilling Update for Alces Lake Rare Earth Property, Northern Saskatchewan

Appia Rare Earths & Uranium Corp. (CSE:API) (OTCQX:APAAF) (Ge... READ MORE

July 6, 2022

K92 Mining Closes CAN$50 Million Bought Deal Financing

K92 Mining Inc. (TSX: KNT) is pleased to announce that, further t... READ MORE

July 6, 2022

NMG Issues Results of Feasibility Study for its Integrated Ore-to-Anode-Material Model Projected to be North America’s Largest Natural Graphite Operation with Attractive Economics

This news release constitutes a “designated news release” for... READ MORE

July 6, 2022

STEP OUT DRILLING AT PANUCO EXPANDS THE SAN ANTONIO VEIN ALONG STRIKE AND DOWN DIP

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) i... READ MORE

July 6, 2022

Brixton Metals Drills 64m of 5.74 g/t Gold Including 28.95m of 10.36 g/t Gold at its Trapper Target on its Thorn Project

Brixton Metals Corporation (TSX-V: BBB) (OTCQB: BBBXF) is pleased... READ MORE

July 6, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News