Welcome to our dedicated page for XIMEN MINING news (Ticker: xxmmf), a resource for investors and traders seeking the latest updates and insights on XIMEN MINING stock.
Ximen Mining Corp (XXMMF) is a mineral exploration company focused on acquiring high-grade gold assets in southern British Columbia. The company owns several precious metal projects, including the Amelia Gold Mine, the Brett Epithermal Gold Project, and the Treasure Mountain Silver Project. Ximen is committed to sustainable mining practices and is currently working on a clean electricity generation project for the Kenville Gold Mine to meet zero-emission targets.
Ximen Mining Corp has announced a non-brokered private placement of 4,545,456 flow-through shares at $0.22 per share, generating gross proceeds of $1 million. The proceeds will fund exploration activities on its British Columbia mineral properties. Each flow-through share also comes with a transferable warrant, allowing the purchase of an additional share at Cdn$0.35 within 36 months. The offering is subject to TSX Venture Exchange approval, and all securities will be held for four months post-closing.
Ximen Mining Corp (OTCQB:XXMMF) has successfully closed a non-brokered private placement, completing the issuance of 1,818,200 flow-through shares at $0.22 per share, raising a total of $400,004. Each flow-through share includes a common share and a half transferable warrant, which can be converted to a share at Cdn$0.35 over 36 months. Additionally, a final tranche of 1,000,000 units at $0.20 each raised $200,000. Proceeds will fund exploration in British Columbia. This private placement is pending final TSX-V approval.
Ximen Mining Corp (OTCQB: XXMMF) recently secured a drilling permit for its Providence Property in southeastern BC, enabling exploration of approximately 1,600 meters. This follows promising results from earlier drill holes, including 147.25 grams per tonne of silver. Ximen also completed a private placement of $1 million through flow-through shares at $0.22 each to fund exploration. The company is progressing with multiple drill sites to further investigate historical mining records that show significant mineral recovery.
Ximen Mining Corp (OTCQB: XXMMF) has received permit approval for exploration drilling on its Amelia Property located in southeastern British Columbia. The Multi-Year Area Based permit includes 38 drill sites, allowing for 11,400 meters of drilling this year. Historical assays from the area show grades up to 103 grams per tonne gold. Additionally, the company arranged a non-brokered private placement of 2,500,000 units at $0.20 per unit, aiming for gross proceeds of $500,000, to fund exploration and general working capital.
Ximen Mining Corp (OTCQB: XXMMF) will participate in the Banff Capital Conference from August 20-22, 2021. The conference facilitates connections between growth-stage companies and capital finance professionals through individual meetings and networking. Held at the Fairmont Banff Springs Hotel in Alberta, this sold-out event will feature brokers, institutional investors, and high net worth individuals.
Ximen Mining owns three precious metal projects in British Columbia, including The Amelia Gold Mine and The Brett Epithermal Gold Project, and recently acquired the Kenville Gold Mine.
Ximen Mining Corp. (OTCQB: XXMMF) has initiated an exploration program to assess the gold content in tailings from the historic Wilcox gold mine in southeastern British Columbia. The project aims to evaluate a tailings deposit estimated at 3.09 grams of gold per tonne, totaling 12,387 tonnes, with the potential for 1,230 ounces of gold. A detailed survey and sampling campaign will be conducted this season, employing various techniques including auger drilling and drone photogrammetry. The historical resource estimate is not classified as current and requires further verification.
Ximen Mining Corp (OTCQB: XXMMF) is set to commence drilling at the Wild Horse Creek Gold property, located 15 kilometers northeast of Cranbrook, BC. The helicopter-supported drill program aims to follow up on previous high gold value drill results from 2016. Historical assays from drill hole LF16-01 indicated gold values up to 8.0 grams per tonne. The new drilling will attempt to expand the mineralized zone beneath these high-value surface outcrops. The Wild Horse Creek area has a rich history, with over 10 million ounces of gold recovered since 1864.
Ximen Mining Corp. has acquired 139 mineral claims in the Wild Horse Creek area, located 15 kilometers northeast of Cranbrook, covering 12,767 hectares. The acquisition involves issuing 3,455,000 shares to vendors across two Purchase Agreements, each providing a 100% interest in the claims, subject to a 1.0% net smelter return royalty. The claims are situated in the Kimberley Gold Trend, historically significant for gold mining. Current exploration permits are in place, enhancing the site's potential to uncover rich gold deposits.
Ximen Mining Corp (OTCQB: XXMMF) has successfully closed a financing round, securing $200,000 through a non-brokered private placement of 800,000 units at $0.25 per unit. Each unit includes one common share and a warrant, exercisable within 36 months at a price of $0.35. The funds will support exploration in British Columbia and general working capital. The closing is pending TSX-V approval.
Ximen holds full interest in three precious metal projects in southern BC, including the recently acquired Kenville Gold mine.
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