Ximen Mining Corp: Brett Epithermal Gold Project Drilling Hole 5
Ximen Mining Corp (TSXV: XIM) has completed the fifth hole (B24-05) of its drilling program at the Brett epithermal gold project near Vernon, BC. The hole was drilled at 45 degrees inclination to test the Border Zone and an area 40 meters southeast of a previous 16.7 g/t Au intercept. B24-05 intersected multiple altered and mineralized zones, including several clay-pyrite mineralized zones with pyrite content ranging between 2-10%. The Brett project covers 20,043 hectares of epithermal-style gold mineralization, with a historical bulk sample that averaged 27.74 g/t gold and 63.7 g/t silver.
Ximen Mining Corp (TSXV: XIM) ha completato il quinto foro (B24-05) del suo programma di perforazione presso il progetto d'oro epithermale Brett vicino a Vernon, BC. Il foro è stato perforato con un'inclinazione di 45 gradi per testare la Zona di Confine e un'area situata 40 metri a sud-est di un precedente intercetto di 16,7 g/t Au. B24-05 ha intersecato più zone alterate e mineralizzate, comprese diverse zone mineralizzate di argilla-pirite con un contenuto di pirite che varia tra il 2% e il 10%. Il progetto Brett copre 20.043 ettari di mineralizzazione d'oro di tipo epithermale, con un campione storic o che ha avuto una media di 27,74 g/t d'oro e 63,7 g/t d'argento.
Ximen Mining Corp (TSXV: XIM) ha completado el quinto pozo (B24-05) de su programa de perforación en el proyecto de oro epithermal Brett cerca de Vernon, BC. El pozo fue perforado con una inclinación de 45 grados para probar la Zona Fronteriza y un área situada 40 metros al sureste de un intercepto previo de 16,7 g/t Au. B24-05 intersectó múltiples zonas alteradas y mineralizadas, incluyendo varias zonas mineralizadas de arcilla-pirita con contenido de pirita que varía entre el 2% y el 10%. El proyecto Brett abarca 20.043 hectáreas de mineralización de oro de estilo epithermal, con una muestra histórica que promedió 27,74 g/t de oro y 63,7 g/t de plata.
Ximen Mining Corp (TSXV: XIM)는 BC주 벌논 인근의 Brett 열수 금 프로젝트에서 드릴링 프로그램의 다섯 번째 구멍(B24-05)을 완료했습니다. 이 구멍은 45도 경사로 천연경계 지역과 이전에 16.7 g/t Au에 대한 교차점에서 남동쪽으로 40미터 떨어진 지역을 시험하기 위해 뚫렸습니다. B24-05는 여러 개의 변형 및 광물화된 지역을 교차했으며, 피라이트 함량이 2%에서 10% 사이인 여러 개의 점토-피라이트 광물화 구역을 포함했습니다. Brett 프로젝트는 20,043헥타르의 열수 스타일 금 광물화를 포함하며, 역사적 대량 샘플에서는 평균 27.74 g/t 금과 63.7 g/t 은을 나타냈습니다.
Ximen Mining Corp (TSXV: XIM) a terminé le cinquième trou (B24-05) de son programme de forage au projet d'or épithermal Brett près de Vernon, BC. Le trou a été foré avec une inclinaison de 45 degrés afin de tester la Zone Frontière et une zone située à 40 mètres au sud-est d'un précédent intercept de 16,7 g/t Au. B24-05 a intercepté plusieurs zones altérées et minéralisées, y compris plusieurs zones minéralisées en argile-pyrite avec une teneur en pyrite variant entre 2% et 10%. Le projet Brett couvre 20 043 hectares de minéralisation d'or de style épithermal, avec un échantillon historique ayant une moyenne de 27,74 g/t d'or et 63,7 g/t d'argent.
Ximen Mining Corp (TSXV: XIM) hat das fünfte Bohrloch (B24-05) seines Bohrprogramms im Brett-epithermal Goldprojekt in der Nähe von Vernon, BC, abgeschlossen. Das Bohrloch wurde mit einer Neigung von 45 Grad gebohrt, um die Grenzregion und ein Gebiet 40 Meter südöstlich einer vorherigen Absonderung von 16,7 g/t Au zu testen. B24-05 durchdrang mehrere veränderte und mineralisierte Zonen, darunter mehrere clay-pyrit mineralisierte Zonen mit einem Pyritgehalt von 2-10%. Das Brett-Projekt umfasst 20.043 Hektar epithermale Goldmineralisation, mit einer historischen Bulkprobe, die im Durchschnitt 27,74 g/t Gold und 63,7 g/t Silber aufwies.
- Historical bulk sample from the project yielded high-grade results of 27.74 g/t gold and 63.7 g/t silver
- Multiple mineralized zones discovered over a two-kilometer strike
- Project encompasses a large area of 20,043 hectares
- Current drilling results pending laboratory analysis
- Historical records mentioned have not been verified by a Qualified Person
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2024) - Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") announces the completion of the 5th hole of its on-going drill program at the Brett epithermal gold project near Vernon in southern BC.
Drill at hole B24-05
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Hole B24-05 was drilled at 45 degrees inclination to the northeast to test the Border Zone, an alteration zone situated west of the Main Zone, and to test 40 meters southeast of an intercept of 16.7 g/t Au from hole 14-13 between 176.0 and 177.5 meters. (see Figure 1).
Figure 1. Plan view of hole B24-05 (left) and cross-section (right). Hole was drilled to test for an extension from an intercept of 16.7 g/t Au in hole 14-13.
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B24-05 intersected multiple altered and mineralized zones and three porphyry dikes. The first 15 meters consisted of weathered and argillic altered volcanic rock. From 18.0-24.63 a sulphide zone was intersected that consists of pyrite veinlets and / or replacement of volcanic breccia matrix, with fine quartz veinlets. Total sulphide content for the interval is 5
The initial sulphide zone intersected in hole B24-05 and the altered intervals at 31.27 and 51.15 meters correlate with the West Zone. The Border zone, which contains the 16.7 g/t intercept in hole 14-13, correlates with the alteration at 149.60-150.6m or possibly the quartz breccia at 154.0m. The Main Zone correlates with the alteration intersected at 216.38 and possibly the zone at 231.07m. The porphyry dike intersected at 232.81 correlates with the dike associated with the Main Zone.
The Brett project (20,043 hectares) covers low-sulfidation epithermal-style gold mineralization hosted in Eocene Penticton Group volcanic rocks. Epithermal-style gold mineralization was discovered in 1983, and a 291 tonne surface bulk sample was shipped to the smelter at Trail, BC in the 1990's that averaged 27.74 grams per tonne gold and 63.7 grams per tonne silver (Brett 2017 NI 43-101 report). Multiple zones of mineralization occur over a two kilometer strike, including both bulk-mineable and bonanza high grade styles. Ximen conducted LiDAR and airborne magnetic surveys over parts of the Brett property in 2022. Interpretation, 3D modeling, and target refinement were then completed in preparation for the 2024 drilling program.
The overall objective of the drill program is to extend the Main Zone to the southeast and at depth, and to test altered zones that border and parallel the Main Zone.
Map of Mineralized Zones at the Brett Project
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Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.
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: 604-488-3900, ir@XimenMiningCorp.com
About Ximen Mining Corp.
Ximen Mining Corp. owns
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 1XM 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.
Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900
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FAQ
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