Ximen Mining Corp Drilling Intersects 16.30 g/t Gold on McKinney Vein Extension at its 100% Owned Amelia Gold Property - Camp McKinney BC
Ximen Mining Corp (XXMMF) has completed its drilling program at the Amelia Gold project in Camp McKinney, BC. Eight NQ-size drill holes totaling 2,064 meters were completed, with the target vein intersected in five holes. The best result came from hole AM23-03, yielding 16.3 g/t gold and 79.9 g/t silver, with 1.88% lead and 1.05% zinc over 0.26 meters. The historic Cariboo-Amelia mine, BC's first dividend-paying gold mine, previously produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes milled. The results indicate that the McKinney vein and gold mineralization extends east and deeper from historically mined areas.
Ximen Mining Corp (XXMMF) ha completato il suo programma di perforazione presso il progetto Amelia Gold a Camp McKinney, BC. Sono stati realizzati otto fori di perforazione di dimensioni NQ per un totale di 2.064 metri, con la vena obiettivo intersecata in cinque fori. Il miglior risultato è stato ottenuto dal foro AM23-03, che ha prodotto 16,3 g/t di oro e 79,9 g/t di argento, con 1,88% di piombo e 1,05% di zinco su 0,26 metri. La storica miniera Cariboo-Amelia, la prima miniera d'oro della Columbia Britannica a pagare dividendi, ha precedentemente prodotto 81.602 once d'oro e 32.439 once d'argento da 112.254 tonnellate macinate. I risultati indicano che la vena McKinney e la mineralizzazione aurifera si estendono a est e in profondità rispetto alle aree storicamente estratte.
Ximen Mining Corp (XXMMF) ha completado su programa de perforación en el proyecto Amelia Gold en Camp McKinney, BC. Se completaron ocho agujeros de perforación de tamaño NQ que sumaron 2.064 metros, con la veta objetivo intersecada en cinco agujeros. El mejor resultado provino del agujero AM23-03, que arrojó 16,3 g/t de oro y 79,9 g/t de plata, con un 1,88% de plomo y un 1,05% de zinc en 0,26 metros. La histórica mina Cariboo-Amelia, la primera mina de oro en la Columbia Británica en pagar dividendos, produjo previamente 81.602 onzas de oro y 32.439 onzas de plata de 112.254 toneladas procesadas. Los resultados indican que la veta McKinney y la mineralización de oro se extienden hacia el este y más profundo desde las áreas minadas históricamente.
사이멘 마이닝 Corp (XXMMF)는 BC 주 캠 맥키니에 있는 아멜리아 금 프로젝트에서 채굴 프로그램을 완료했습니다. 2,064미터에 달하는 NQ 사이즈 드릴링 홀 8개가 완공되었으며, 목표 광맥은 5개 홀에서 교차되었습니다. 가장 좋은 결과는 AM23-03 홀에서 나왔으며, 16.3 g/t의 금과 79.9 g/t의 은을 포함하였고, 0.26미터 구간에 1.88%의 납과 1.05%의 아연이 검출되었습니다. 역사적인 카리부-아멜리아 광산은 BC주에서 첫 배당금을 지급하는 금광으로, 112,254톤의 분쇄에서 81,602온스의 금과 32,439온스의 은을 생산했습니다. 결과는 맥키니 광맥과 금 광물화가 역사적으로 채굴된 지역에서 동쪽과 더 깊게 연장된다는 것을 나타냅니다.
Ximen Mining Corp (XXMMF) a terminé son programme de forage sur le projet Amelia Gold à Camp McKinney, en Colombie-Britannique. Huit trous de forage de taille NQ totalisant 2 064 mètres ont été réalisés, la veine cible ayant été intersectée dans cinq trous. Le meilleur résultat provient du trou AM23-03, qui a donné 16,3 g/t d'or et 79,9 g/t d'argent, avec 1,88 % de plomb et 1,05 % de zinc sur 0,26 mètre. La mine historique Cariboo-Amelia, première mine d'or à verser des dividendes en Colombie-Britannique, a précédemment produit 81 602 onces d'or et 32 439 onces d'argent à partir de 112 254 tonnes de minerai traité. Les résultats indiquent que la veine de McKinney et la minéralisation aurifère s'étendent vers l'est et plus en profondeur par rapport aux zones historiquement exploitées.
Ximen Mining Corp (XXMMF) hat sein Bohrprogramm im Amelia Gold Projekt in Camp McKinney, BC, abgeschlossen. Acht NQ-Bohrlöcher mit einer Gesamtlänge von 2.064 Metern wurden fertiggestellt, wobei die Zielader in fünf Löchern durchschnitten wurde. Das beste Ergebnis kam von Loch AM23-03, das 16,3 g/t Gold und 79,9 g/t Silber sowie 1,88% Blei und 1,05% Zink über 0,26 Meter ergab. Die historische Cariboo-Amelia mine, die erste Dividenden zahlende Goldmine in British Columbia, produzierte zuvor 81.602 Unzen Gold und 32.439 Unzen Silber aus 112.254 Tonnen gemahlenem Material. Die Ergebnisse deuten darauf hin, dass die McKinney-Ader und die Goldmineralisierung sich nach Osten und tiefer aus den historisch abgebauten Bereichen erstrecken.
- Best drill result showed high-grade gold mineralization of 16.3 g/t
- Successfully intersected target vein in five drill holes
- Confirmed extension of mineralization beyond historical mining area
- Property has proven historical production of 81,602 oz gold
- Most drill intersections showed relatively low gold values
- Narrow mineralized intervals (0.26-1.2 meters)
- Possible 'nugget effect' affecting gold values consistency
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2024) - Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") is pleased to provide a summary of results from its drilling program at the Amelia Gold project in Camp McKinney near Rock Creek in southern BC.
Figure 1. Longitudinal view of Cariboo-Amelia mine showing vein model and drill holes (looking North)
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Drilling was done to test the extension of the historic Cariboo-Amelia gold mine in Camp McKinney in the Greenwood Mining Division, BC. The Amelia Gold mine drilling program was completed late last year, and core sampling and analyses were done this year. Eight NQ-size drill holes were completed for a total of 2,064 meters. The target vein was intersected in five holes (AM23-01, 3, 5, 6, 7 and 8) between 30 and 45 meters below the lowest mine level and over a strike length of 150 meters (Figure 1). Highlights of analytical results, recently received, are provided in the table below.
The best result was from hole AM23-03, which intersected 16.3 grams per tonne gold and 79.9 grams per tonne silver, with
| Hole | From (m) | To (m) | Length (m) | Gold (g/t) | Silver (g/t) | Lead (%) | Zinc (%) | Description |
| AM23-01 | 218.02 | 218.63 | 0.61 | 2.78 | 3.03 | 0.06 | 0.05 | Quartz Vein with Py, Sp, Gn, Cp |
| AM23-03 | 230.8 | 231.06 | 0.26 | 16.30 | 79.90 | 1.88 | 1.05 | Quartz Vein with Py, Sp, Gn, Cp |
| AM23-05 | 214.54 | 215.25 | 0.71 | <0.01 | 0.02 | 0.00 | 0.01 | Quartz Vein (blue quartz) with Py |
| AM23-06 | 143.91 | 144.21 | 0.30 | 1.64 | 2.04 | 0.10 | 0.17 | Quartz Vein with Py, Sp, Gn |
| AM23-07 | 194.43 | 194.93 | 0.50 | 0.03 | 4.02 | 0.20 | 0.55 | Quartz Vein with Py, Sp, Gn |
| AM23-07 | 194.93 | 195.73 | 0.80 | 0.01 | 1.52 | 0.00 | 0.43 | Chert with Quartz Veinlets, Py |
| AM23-07 | 195.73 | 196.21 | 0.48 | 0.29 | 52.10 | 3.40 | 1.10 | Quartz Vein with Py, Po, Sp, Gn |
| AM23-08 | 198.6 | 198.95 | 0.35 | 0.94 | 16.15 | 0.58 | 0.96 | Quartz Veinlets, Py,Sp,Gn,Cp |
| AM23-08 | 198.95 | 199.45 | 0.50 | 1.09 | 1.26 | 0.00 | 0.00 | Quartz Vein with Py |
| AM23-08 | 199.45 | 200 | 0.55 | 1.20 | 4.81 | 0.08 | 0.41 | Quartz Veinlets, Py,Sp,Gn,Cp |
| |
Results for Amelia Gold Property 2023 Drill Holes
Abbreviations: m-meters, g/t = grams per tonne, % = percent, Py = pyrite, Sp = sphalerite, Gn - galena, Po = pyrrhotite. Lengths are core length not true width; true width cannot be determined at this time.
Overall, the results are positive and indicate that the McKinney vein and gold mineralization persists to the east and to depth from the areas mined historically. Additional drilling is being planned to test the eastern and western extents of the vein system and to test for parallel veins.
The Cariboo-Amelia mine was BC's first dividend paying gold mine. Over its 68-year history, the mine produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes milled (BC Minfile Records). The mine is situated within a 4-kilometer system of gold-quartz veins and historic workings.
Drill core showing vein intercept in Hole AM23-03 with vein (top) and close-up showing pyrite, galena, sphalerite and chalcopyrite mineralization (bottom)
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Overall, the results are positive and indicate that the McKinney vein and gold mineralization persists to the east and to depth from the areas mined historically. Additional drilling is being planned to test the eastern and western extents of the vein system and to test for parallel veins.
The Cariboo-Amelia mine was BC's first dividend paying gold mine. Over its 68-year history, the mine produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes milled (BC Minfile Records). The mine is situated within a 4-kilometer system of gold-quartz veins and historic workings.
Map view of Amelia project showing 4 kilometer extent of gold-quartz vein system
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Drill core was logged for geological features on-site and half-core samples were cut and bagged at a core facility located in Greenwood, BC. Sealed bags of sample were then delivered to the laboratory by company representatives. The analyses quoted above were performed by ALS Laboratories in North Vancouver, BC., which is an independent ISO certified and accredited commercial laboratory. Analyses for gold in rocks and drill core were done by fire assay with AA finish (Atomic Absorption Spectrometry) on 30 gram subsamples (ALS code Au-AA25). Analyses for silver, copper, lead and zinc and 44 other elements was completed by four acid digestion with ICP-MS (Inductively Coupled Plasma - Mass Spectrometry) finish (typically a 0.25 gram sub-sample) following ALS code MEMS-61. Quality control was monitored from the results for certified reference standards and blank material that were inserted into the sample stream at a frequency of every 20 samples each.
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
What were the best gold drilling results for Ximen Mining (XXMMF) at Amelia Gold project?
How many drill holes did Ximen Mining (XXMMF) complete at Amelia Gold in 2023?
What was the historical production at the Cariboo-Amelia mine?
