InvestmentPitch Media Video Discusses Ximen Mining’s Receipt of Draft Mines Act Permit for Kenville Gold Mine at Nelson, BC
Ximen Mining (OTCQB:XXMMF) has received a draft Mines Act Permit from the BC government for its Kenville Gold Mine, following an earlier draft Environmental Permit. This permit facilitates underground development, including establishing a new portal and drilling program. The project has historical production of 65,381 ounces of gold, with current operations aimed at sustainability and minimal environmental impact. Management is focused on job creation while maintaining a small footprint. The Reclamation Security Bond is set at $103,800. Shares are currently trading at $0.125.
- Draft Mines Act Permit received, enabling underground development.
- Focus on sustainability and job creation within the local economy.
- Historical production data suggests potential for future mining success.
- None.
VANCOUVER, British Columbia, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Ximen Mining (TSXV:XIM) (OTCQB:XXMMF) (FSE:1XMA) received the draft of the Mines Act Permit, from the BC government, for the underground development program at its Kenville Gold Mine. The company has now received two permits in draft, one from the Ministry of Environment and this recent one from the Ministry of Energy, Mines and Low-Carbon Innovation.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Ximen” in the search box.
The draft Environmental Permit was received earlier and has been reviewed and approved by Ximen. The company has now submitted its final responses and anticipates the final permit to be issued shortly.
The company’s
This important Mines Act Permit from the Ministry of Energy, Mines and Low-Carbon Innovation finalized items related to the permit area, shown on this map, and set the amount of the Reclamation Security Bond at
It approved the following key activities:
- Establishment of the new Venango Portal and 1200 m of decline development at this portal with associated re-mucks, safety bays and sumps.
- Authorizes an underground exploration drilling program of 20,250 metres from the new Venango decline.
- Establishment of one Waste Rock Storage facility of approximately 3,750 sq. metres.
- Installation of surface water management structures.
- Location of one portable office structure.
- Onsite fuel storage using two 4,500 enviro tanks.
Christopher Anderson, President and CEO, stated: “The Company is very pleased with the permit draft and has reviewed the conditions that apply prior to and during the development program, a majority of which have already been met. Ximen is making a final review of the exact wording and conditions. Once our review has been completed and relayed to the Mines department, the final Mines Act Permit is expected to be received. This Permit brings us one step closer to, moving forward into a more sustainable self-reliant economy, working at expanding the art of underground mining, a long industrious trade that empowers those executing the work with a sense of accomplishment and pride, while maintaining our environment and utilizing hydro, a green energy source to advance the project.”
The draft permit specifically requires that construction must be completed under the supervision of a Professional Engineer, including items such and development and implementation of a Ground Control Management Plan consistent with industry standards. A foundation inspection must be completed by a Professional Engineer prior to construction of a waste rock dump following the design and other recommendations prepared by the Professional Engineer. A monitoring well pair (shallow and deep) located near the underground workings must be installed and continuously monitored for water levels. Implement an Archaeological Chance Find Procedure outlining actions required if previously unknown heritage resources are encountered during project construction or operation.
It is management’s objective to preserve this site as it has been for the last 100 years and create many impactful, meaningful and well-paying jobs for the region, as well maintain a small environmental footprint, aiming to be one of the greenest gold producers in BC and a leader in the industry.
In 2009, previous operators conducted detailed sampling on the 257 Level of the Kenville mine and based on the results, an historic mineral resource was estimated, showing 16,289 ounces gold in the measured and indicated categories, along with 356,949 ounces gold in the inferred category.
Ximen also owns
The shares are trading at
For more information, please visit the company’s website, www.XimenMiningCorp.com, contact Christopher R. Anderson, President and CEO, at 604-488-3900. For Investor Relations, contact Sophy Cesar, at 604-488-3900 or by email at ir@XimenMiningCorp.com.
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FAQ
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