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 (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.
Ximen Mining Corp (OTCQB: XXMMF) has initiated construction of a temporary exploration camp adjacent to its Kenville Mine site. This development supports their planned exploration program for the year, covering properties from Kenville to Ymir and Salmo. The camp will feature trailer-based facilities for geological and drilling crews, with hydro power and septic systems under construction. Ximen aims to develop its gold assets in southern British Columbia while maintaining financial discipline and sustainability in its operations.
Ximen Mining Corp (OTCQB: XXMMF) has engaged Masse Environmental Consultants and Ecoscape Environmental Consultants for technical services at the Kenville Gold Mine in Nelson, BC. Masse, with a history of involvement in the mine's environmental studies, will collaborate with Ecoscape on hydrological studies for a new decline permit application. Ximen continues to strengthen its technical team alongside Micon International Ltd. as it advances towards production while maintaining a focus on ethical and sustainable mining practices.
Ximen Mining Corp (OTCQB:XXMMF) has contracted Micon International Limited to provide technical services for the Kenville Mine. The project aims to create a resource estimate to support a 10,000-tonne bulk sample from previously untested areas. The permitting process for mine development is progressing well, with the application currently under review. The Kenville Mine, British Columbia's first hard rock gold mine, has a historic production of over 65,000 ounces of gold. Ximen owns 100% of the Kenville Mine and is advancing its development plans.
Ximen Mining Corp (OTCQB:XXMMF) has announced the acquisition of a 2.5% Net Smelter Royalty (NSR) covering 15,116 hectares in the Greenwood mining camp, BC. This acquisition includes five additional mineral claims totaling 3,873 hectares, purchased from a private corporation for 800,000 shares of Ximen. With this acquisition, Ximen's total mineral properties now span approximately 19,000 hectares. An airborne VTEM and magnetic survey has been completed over part of this area, potentially identifying new drilling targets.
Ximen Mining Corp. (OTCQB:XXMMF) announced promising results from rock samples collected at its properties near Nelson, BC. Notably, a sample from the Ymir-Protection mine produced 13.1 grams per tonne gold and 145 grams per tonne silver. Overall, out of 16 samples, 8 returned significant precious metal values, with key findings from the California and Good Hope mines. The company is applying for exploration permits for the California mine and aims to finalize permitting for new underground development at the Kenville mine this spring.
Ximen Mining Corp announced promising assay results from its drilling at the Providence property, totaling 1,172 meters across six holes. Significant results include 178 g/t silver and 75.5 g/t gold in drill hole PRO20-02, indicating potential extensions to the historic vein. Additional underground samples revealed 157 g/t silver and 1.49 g/t gold, suggesting a new target. The company has also granted 2 million stock options at $0.40. Further drilling is planned to confirm these results.
Ximen Mining Corp. (OTCQB:XXMMF) has announced positive results from prospecting at its properties near the Kenville Gold Mine in Nelson, BC. Recent samples collected revealed significant grades of 9.04 g/t gold, 72.8 g/t silver, and 1.27% copper at the Venus showing. The historic Venus and Juno mines produced 3,444 ounces of gold and 3,070 ounces of silver from 1900 to 1941. The company plans to apply for exploration permits and advance development at the Kenville mine, with expectations for new underground mine development permitting to be finalized this spring.
Ximen Mining Corp (OTCQB:XXMMF) announced a US$5.0 million secured gold loan with a Swiss-based lender for the development of its Kenville Gold Mine. This non-dilutive financing aims to fund a 1200 meter decline and the extraction of a 10,000-tonne bulk sample. The loan is repayable by delivering a specific number of gold ounces at a discount to the spot price. The loan transaction is expected to close by April 30, 2021, pending due diligence and regulatory approvals. The Kenville Mine has historical production of 65,381 ounces of gold.
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