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Ximen Completes Entranceway and Starts Laying Culvert at Kenville 257 Portal

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Ximen Mining Corp. (OTCQB:XXMMF) provided an update on the Kenville Gold Mine project in British Columbia. The company reported progress on the 257 Portal, including the installation of steel supports and a newly timbered entrance. Current work focuses on laying bedding and placing a steel culvert outside the entrance. Dr. Mathew Ball, VP Exploration, oversees the project, ensuring compliance with NI 43-101 standards. Ximen holds interests in multiple precious metal projects in southern BC, including the Amelia Gold Mine and the Treasure Mountain Silver Project, which is under an option agreement.

Positive
  • Significant progress on Kenville Gold Mine project with steel supports installed and new entrance completed.
  • Current phase involves laying bedding and positioning a new steel culvert, indicating advancement in infrastructure.
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / September 25, 2020 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") is pleased to provide the following update on progress at the Kenville Gold Mine project in the Nelson mining camp in southern British Columbia.

Work on the 257 portal is progressing well. Steel supports have been installed and a new entrance has been timbered in place at the 257 Portal (see photo below).

Photo of new entrance installed in Kenville 257 Portal.

Work is now focussed on laying bedding and placing the new steel culvert outside of the underground entrance (see photos below).

Photo of truck arriving at Kenville Mine carrying crushed gravel for culvert bedding

Photo of Kenville 257 Mine Level Portal and stockpile of crushed gravel for bedding (right).

Photo of first section of culvert being placed outside of Kenville 257 Portal.

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.

On behalf of the Board of Directors,

"Christopher R. Anderson"

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations:
Sophy Cesar,
604-488-3900,
ir@XimenMiningCorp.com

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.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

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.

SOURCE: Ximen Mining Corp.



View source version on accesswire.com:
https://www.accesswire.com/607780/Ximen-Completes-Entranceway-and-Starts-Laying-Culvert-at-Kenville-257-Portal

FAQ

What updates did Ximen Mining Corp. announce regarding the Kenville Gold Mine project on September 25, 2020?

Ximen Mining reported progress on the Kenville Gold Mine, including completed steel supports and a new entrance at the 257 Portal, with current work focused on laying culvert bedding.

What is the significance of the Kenville Gold Mine project for Ximen Mining Corp. (XXMMF)?

The Kenville Gold Mine project represents a key asset for Ximen Mining, contributing to its portfolio of precious metal projects and potential future revenue.

Who oversees the technical progress of the Kenville Gold Mine for Ximen Mining Corp.?

Dr. Mathew Ball, VP Exploration, is responsible for overseeing the technical aspects of the Kenville Gold Mine project.

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