Ximen Working on New Installation for Kenville 257 Portal

Rhea-AI Summary

Ximen Mining Corp. (OTCQB:XXMMF) has provided a positive update on the Kenville Gold Mine project in southern British Columbia. The excavation of the 257 Portal is complete, and preparations are underway for the installation of new steel sets and a culvert. Regulatory steps for an Environmental Management Act Waste Discharge Application are in progress, with completion expected in two weeks. Ximen aims to engage with First Nations and finalize environmental assessments. The company's ongoing developments position it favorably for future exploration.

Positive

• Completion of excavation at 257 Portal.
• Installation of new steel sets to enhance safety.
• Initiation of regulatory process for environmental applications, indicating progress.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / September 03, 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 continues with excavation of the 257 Portal completed and fabrication of new steel sets that will be installed underground prior to placement of the new steel culvert outside of the underground workings. When everything is installed, we will be ready to start breaking rock.

Photo of new steel sets being installed in Kenville 257 Portal to replace original timbers.

Entrance to Kenville 257 Mine Level

Photo of new steel stets with new timber

Further progress Photo of new steel stets with new timber

Update on New Decline

The Company received written notice from the regulators identifying items required for the Environmental Management Act Waste Discharge Application for the Kenville Mine Site Advanced Exploration Project. In addition to information already assembled, requirements include a Technical Assessment Report summarizing environmental aspects, public notification, engagement with selected First Nations groups, agency referrals, a notification and engagement report, and completion of Declarations of Competency and signed Conflict of Interest Disclosure Statements by qualified professionals. Ximen is initiating these final steps required for the new decline permit. The notification process has started, and the Company is working with its consultants to complete the remaining items within two weeks.

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/604602/Ximen-Working-on-New-Installation-for-Kenville-257-Portal

FAQ

What updates did Ximen Mining provide on the Kenville Gold Mine project on September 3, 2020?

Ximen Mining reported the completion of excavation at the 257 Portal and progress on regulatory requirements for the Environmental Management Act Waste Discharge Application.

What is the significance of the 257 Portal excavation for Ximen Mining?

The completion of the 257 Portal excavation is a crucial step towards advancing operations at the Kenville Gold Mine, allowing for future rock breaking.

How is Ximen Mining engaging with First Nations for the Kenville Mine project?

Ximen Mining is initiating a notification process and engaging with selected First Nations groups as part of the regulatory requirements for the Kenville Mine.

What is the stock symbol for Ximen Mining on the OTCQB?

The stock symbol for Ximen Mining on the OTCQB is XXMMF.