Ximen Mining Drilling Update Intersects West Zone Mineralized Breccia Brett Epithermal Gold Project-Vernon BC
Ximen Mining Corp has completed hole 6 of its drilling program at the Brett epithermal gold project near Vernon, BC. The drill hole B24-06 intersected multiple mineralized zones, including a breccia zone from 12.27 to 26.45m containing 5-10% pyrite, and several intensely silicified zones with pyrite content ranging between 3-20%. A total of 43.95 meters of mineralized core was intersected, representing 39.5% of the entire 111.0m hole.
The Brett project spans 20,043 hectares and features epithermal-style gold mineralization discovered in 1983. A historical surface bulk sample of 291 tonnes averaged 27.74 g/t gold and 63.7 g/t silver. The project includes multiple mineralization zones over a two-kilometer strike.
Ximen Mining Corp ha completato il foro 6 del suo programma di perforazione presso il progetto aurifero epithermale Brett vicino a Vernon, BC. Il foro di perforazione B24-06 ha intersecato più zone mineralizzate, inclusa una zona di breccia da 12,27 a 26,45 m contenente il 5-10% di pirite, e diverse zone intensamente silicificate con contenuto di pirite variabile tra il 3 e il 20%. È stata intersecata una lunghezza totale di 43,95 metri di nucleo mineralizzato, che rappresenta il 39,5% dell'intero foro di 111,0 m.
Il progetto Brett si estende su 20.043 ettari e presenta mineralizzazione aurifera in stile epithermale scoperta nel 1983. Un campione superficiale storico di 291 tonnellate ha avuto una media di 27,74 g/t di oro e 63,7 g/t di argento. Il progetto comprende più zone di mineralizzazione su una distanza di due chilometri.
Ximen Mining Corp ha completado el pozo 6 de su programa de perforación en el proyecto de oro epithermal Brett cerca de Vernon, BC. El pozo de perforación B24-06 intersectó múltiples zonas mineralizadas, incluyendo una zona de brecha de 12.27 a 26.45 m que contiene un 5-10% de pirita, y varias zonas intensamente silicificadas con un contenido de pirita que varía entre el 3 y el 20%. Se intersectaron un total de 43.95 metros de núcleo mineralizado, representando el 39.5% de los 111.0 m del pozo.
El proyecto Brett abarca 20,043 hectáreas y presenta mineralización de oro de estilo epithermal descubierta en 1983. Una muestra a granel histórica en superficie de 291 toneladas promedió 27.74 g/t de oro y 63.7 g/t de plata. El proyecto incluye múltiples zonas de mineralización a lo largo de un strike de dos kilómetros.
Ximen Mining Corp는 BC주 버넌 근처에 있는 Brett 열수 금 프로젝트의 채굴 프로그램에서 6번째 구멍을 완료했습니다. 드릴 홀 B24-06은 12.27m에서 26.45m까지 5-10%의 황철광이 포함된 브레시아 지역과 3-20% 황철광 함량의 여러 격렬하게 규산화된 지역을 포함하여 여러 광물화된 구역을 교차했습니다. 총 43.95미터의 광물화된 코어가 교차하여 전체 111.0m 홀의 39.5%를 차지합니다.
Brett 프로젝트는 20,043헥타르에 걸쳐 있으며, 1983년에 발견된 열수 스타일의 금광물화가 특징입니다. 역사적인 표면 대량 샘플인 291톤은 평균 27.74g/t의 금과 63.7g/t의 은을 기록했습니다. 이 프로젝트는 2킬로미터의 분출선을 따라 여러 개의 광물화 구역을 포함합니다.
Ximen Mining Corp a terminé le trou 6 de son programme de forage au projet d'or épithermal Brett près de Vernon, BC. Le trou de forage B24-06 a intersecté plusieurs zones minéralisées, y compris une zone de brèche de 12,27 à 26,45 m contenant 5-10 % de pyrite, ainsi que plusieurs zones intensément silicifiées avec un contenu en pyrite variant entre 3 et 20 %. Un total de 43,95 mètres de carotte minéralisée a été intersecté, représentant 39,5 % du trou entier de 111,0 m.
Le projet Brett s'étend sur 20 043 hectares et présente une minéralisation de l'or de style épithermal découverte en 1983. Un échantillon superficiel historique de 291 tonnes a montré une moyenne de 27,74 g/t d'or et de 63,7 g/t d'argent. Le projet comprend plusieurs zones de minéralisation sur une section de deux kilomètres.
Ximen Mining Corp hat das Bohrloch 6 seines Bohrprogramms im Brett epithermalen Goldprojekt in der Nähe von Vernon, BC, abgeschlossen. Das Bohrloch B24-06 kreuzte mehrere mineralisierte Zonen, darunter eine Brekziezone von 12,27 bis 26,45 m, die 5-10% Pyrit enthielt, sowie mehrere intensiv silicifizierte Zonen mit Pyritanteilen zwischen 3 und 20%. Insgesamt wurden 43,95 Meter mineralisierter Kern durchteuft, was 39,5% des gesamten 111,0 m langen Bohrlochs entspricht.
Das Brett-Projekt erstreckt sich über 20.043 Hektar und weist epithermale Goldmineralisierung auf, die 1983 entdeckt wurde. Eine historische oberflächennahe Bulkprobe von 291 Tonnen ergab im Durchschnitt 27,74 g/t Gold und 63,7 g/t Silber. Das Projekt umfasst mehrere Mineralisierungszonen über eine Strecke von zwei Kilometern.
- Significant mineralization encountered with 43.95 meters of mineralized core (39.5% of total hole)
- Multiple zones with high pyrite content (3-20%) identified
- Historical bulk sample showed high-grade results (27.74 g/t gold, 63.7 g/t silver)
- Surface oxidization resulted in barren sulfide mineralization in the initial zone (3.0 to 6.4m)
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2024) - Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC Pink: XXMMF) (the "Company" or "Ximen") announces the completion of the hole 6 of its active drill program at the Brett epithermal gold project, near Vernon in southern BC.
Brett Project with drill at hole B24-06
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/229107_42dc7361c4f1b831_001full.jpg
B24-06 was drilled from the same collar and azimuth as B24-05 but steeper at -65 degrees to the northeast to intersect the West Zone breccia intersected in the top of hole 5 (see Figure 1).
Figure 1. Plan view of hole B24-06 (left) and cross-section (right)
Hole was drilled to test the mineralized breccia intersected near the top of in hole 5
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/229107_42dc7361c4f1b831_002full.jpg
B24-06 intersected a zone of argillic alteration with abundant iron oxide from 3.0 to 6.4 m that is barren of sulfide mineralization due to near-surface oxidization. A mineralized breccia zone was intersected from 12.27 to 26.45 (14.18m) that contains 5
The initial oxide zone intersected in hole B24-06 correlates with weathered and argillic altered volcanic rock in the first 15 meters of hole 5. The silica stockwork and mineralized breccia in hole 6 correlates with the breccia in hole 5 intersected between 18.0 and 24.63 meters and is part of the West Zone. The lower altered zones intersected in hole 6 may also be part of the West Zone. Hole 7 will be drilled from the same collar location as Hole 6 but directed southwesterly to test the extent of the West Zone towards the west.
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
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/229107_42dc7361c4f1b831_003full.jpg
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.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/229107_42dc7361c4f1b831_004full.jpg
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.sedarplus.ca 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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229107
FAQ
What were the key findings in Ximen Mining's (XXMMF) hole B24-06 at the Brett project?
What are the historical gold grades from the Brett project bulk sample for Ximen Mining (XXMMF)?
How large is Ximen Mining's (XXMMF) Brett project and when was it discovered?
