Ximen Mining Corp Visible Gold Intersected in Hole 7 at the West Zone, Brett Epithermal Gold Property - Vernon BC
Ximen Mining Corp (OTC: XXMMF) reports intersecting visible gold in hole B24-07 at its Brett epithermal gold project near Vernon, BC. The hole, drilled to test the West Zone alteration, encountered hydrothermally altered rocks with visible gold at 87.25m within a colloform-banded silica-pyrite veinlet containing multiple gold grains. The drilling revealed that the West Zone is a major gold-bearing zone with clay altered faults and significant porphyry presence. The Brett project covers 20,043 hectares of epithermal-style gold mineralization, with a historical bulk sample averaging 27.74 g/t gold and 63.7 g/t silver.
Ximen Mining Corp (OTC: XXMMF) riporta l'intersezione di oro visibile nel foro B24-07 presso il suo progetto di oro epithermale di Brett vicino a Vernon, BC. Il foro, perforato per testare l'alterazione della Zona Ovest, ha incontrato rocce alterate idrotermalmente con oro visibile a 87,25 m all'interno di un veneletto di silice-pirite a bande colloformi contenente molteplici grani d'oro. La perforazione ha rivelato che la Zona Ovest è una importante zona aurifera con faglie alterate da argilla e una significativa presenza di porfido. Il progetto di Brett copre 20.043 ettari di mineralizzazione aurifera in stile epithermale, con un campione storico di massa che presenta una media di 27,74 g/t di oro e 63,7 g/t di argento.
Ximen Mining Corp (OTC: XXMMF) informa sobre la intersección de oro visible en el agujero B24-07 en su proyecto de oro epithermal en Brett, cerca de Vernon, BC. El agujero, perforado para probar la alteración de la Zona Oeste, encontró rocas alteradas hidrotermalmente con oro visible a 87.25 m dentro de un filón de sílice-pirita con bandas coloiformes que contiene múltiples granos de oro. La perforación reveló que la Zona Oeste es una importante zona con mineralización de oro, con fallas alteradas por arcilla y una presencia significativa de pórfido. El proyecto Brett cubre 20,043 hectáreas de mineralización aurífera de estilo epithermal, con una muestra a granel histórica que promedia 27.74 g/t de oro y 63.7 g/t de plata.
시멘 마이닝 주식회사 (OTC: XXMMF)는 브렛 에피자말 금 프로젝트에서 B24-07 홀에서 가시적인 금을 발견했다고 보고했습니다. 이 홀은 서부 지역 변화를 테스트하기 위해 시추되었으며, 87.25m에서 가시적인 금을 포함한 열수변화암과 여러 금 알갱이가 포함된 규소-황철광 미세 광맥을 만났습니다. 시추 결과 서부 지역이 점토로 변형된 단층과 중요한 포르피리 존재를 가지고 있는 주요 금 시추대라는 것을 알게 되었습니다. 브렛 프로젝트는 에피자말 스타일의 금 광물화가 있는 20,043 헥타르를 포함하며, 역사적으로 27.74 g/t 금과 63.7 g/t 은을 평균한 대량 샘플이 있습니다.
Ximen Mining Corp (OTC: XXMMF) rapporte la rencontre de l'or visible dans le trou B24-07 sur son projet d'or épithermal de Brett près de Vernon, en Colombie-Britannique. Le trou, foré pour tester l'altération de la Zone Ouest, a rencontré des roches altérées hydrothermalement avec de l'or visible à 87,25 m dans un filon de silice-pyrite à bandes colloformes contenant plusieurs grains d'or. Le forage a révélé que la Zone Ouest est une zone principale riche en or avec des failles altérées par de l'argile et une présence significative de porphyre. Le projet de Brett couvre 20 043 hectares de minéralisation aurifère de style épithermal, avec un échantillon historique en vrac ayant une moyenne de 27,74 g/t d'or et 63,7 g/t d'argent.
Ximen Mining Corp (OTC: XXMMF) berichtet von sichtbarem Gold im Bohrloch B24-07 in ihrem Brett epithermalen Goldprojekt nahe Vernon, BC. Das Bohrloch, das zur Untersuchung der Westzone angelegt wurde, traf auf hydrothermisch veränderte Gesteine mit sichtbarem Gold in 87,25 m innerhalb eines kolloform-banded Silizium-Pyrit-Veinlettes, das mehrere Goldkörner enthält. Die Bohrung zeigte, dass die Westzone eine bedeutende goldhaltige Zone mit tonveränderten Störungen und signifikanter Porphyrpräsenz ist. Das Brett-Projekt umfasst 20.043 Hektar epithermalen Goldmineralisierung, mit einer historischen Bulkprobe, die im Durchschnitt 27,74 g/t Gold und 63,7 g/t Silber beträgt.
- Visible gold discovered in hole B24-07, confirming West Zone as major gold-bearing zone
- Historical bulk sample yielded high grades: 27.74 g/t gold and 63.7 g/t silver
- Project covers extensive area of 20,043 hectares with multiple mineralization zones
- None.
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") announces it intersected visible gold in hole 7 of its drill program at the Brett epithermal gold project near Vernon in southern BC.
Ximen's drill rig at hole B24-07 on Brett Epithermal Gold Property
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Hole B24-07 was drilled from the same collar location as the preceding holes 5 and 6 but was drilled to the southwest to test the extent of the West Zone alteration zone (see Figure 1).
Figure 1. Plan view of hole B24-07 (left) and cross-section (right)
Hole was drilled to test the extent of the West Zone alteration towards the west
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Hole B24-07 intersected hydrothermally altered massive and brecciated basaltic volcanic (
Hole 7 demonstrates for the first time that the West Zone is a major gold-bearing zone associated with clay altered faults and a significant amount of porphyry. This zone was largely un-tested before but is now a prime target for further exploration.
The initial oxidized zone intersected in hole B24-07 correlates with weathered and argillic altered volcanic rocks in the top of holes 5 and 6. The underlying wide zone of intense hydrothermal alteration and silica-pyrite veining characterizes the West Zone. Hole 8 will be drilled from the same collar location as Hole 7 but directed northwesterly to further test the extent of the West Zone north of hole 7.
Visible gold intersected in Ximen hole B24-07 (centimeter scale above bottom photo)
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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 showing 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 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.
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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