Ximen Mining - XXMMF STOCK NEWS

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.

Ximen Mining Corp. announced the successful closing of a financing round yielding gross proceeds of $365,547. The private placement involved the issuance of 1,218,493 units at $0.30 per unit, each comprising a common share and a transferable common share purchase warrant, valid for 36 months at an exercise price of $0.45 per share. Proceeds will fund exploration in British Columbia and general working capital. The financing is pending final approval from the TSX Venture Exchange.

Ximen Mining Corp. has completed portal construction at its Kenville Gold Mine in British Columbia, allowing access to the 257 level. The project involved back-fill, construction of a door, and installation of rail ties. The company has submitted its final application to the Mines Review Committee for mine development. Additionally, Ximen closed two non-brokered private placements for gross proceeds of $500,000, which will fund further exploration and working capital. The placements included 694,444 units at $0.36 and 595,240 flow-through shares at $0.42, with certain warrants issued.

Ximen Mining Corp (OTCQB: XXMMF) has made significant progress at its Kenville Gold Mine project in British Columbia. The 257 portal work is nearing completion, with nearly finished back-fill and rail connections in place. New mining equipment has arrived, indicating upcoming activities. The company has successfully closed a financing round, raising $408,000 through a private placement of shares at $0.255 per unit. These funds will support further exploration and operational costs. The permitting process is also advancing, with an updated application expected soon.

Ximen Mining Corp. (OTCQB:XXMMF) announced promising assay results from its Amelia property near Greenwood, BC. A total of 34 rock chip grab samples were analyzed, revealing significant findings including:

• Gold: Highest result of 103.5 g/t
• Silver: Highest result of 1465 g/t from the Fontenoy claim
• Additional notable results included 2.24 g/t gold from the Eureka mine area

Future drilling and trenching are planned to further explore these findings, enhancing growth potential.

Ximen Mining Corp (OTCQB:XXMMF) announced positive assay results from its Providence property near Greenwood, BC. The company reported significant findings from 16 rock chip and 20 soil samples, with highlights including a grab sample containing 884 grams per tonne silver and 1.36 grams per tonne gold. Another sample yielded 435 grams per tonne silver and 4.4 grams per tonne gold. A drilling program has commenced, with 755 metres completed across four holes, while additional exploration is planned. The results underscore the property’s potential and enhance investor interest.

Ximen Mining Corp. (OTCQB:XXMMF) provided an update on the Kenville Gold Mine project in British Columbia. The company reported progress on the 257 Portal, including the installation of steel supports and a newly timbered entrance. Current work focuses on laying bedding and placing a steel culvert outside the entrance. Dr. Mathew Ball, VP Exploration, oversees the project, ensuring compliance with NI 43-101 standards. Ximen holds interests in multiple precious metal projects in southern BC, including the Amelia Gold Mine and the Treasure Mountain Silver Project, which is under an option agreement.

Ximen Mining Corp (OTCQB:XXMMF) has commenced exploration drilling and trenching on its Providence property, located near Greenwood, BC. The initial drilling targets include an historic mine adit, which previously produced polymetallic silver-gold vein material, with assays indicating 3.87 g/t gold and 100 g/t silver. Additionally, the company is investigating a massive sulphide vein showing 0.23% copper and 3.4 g/t silver. Ximen holds 100% ownership of its precious metals properties, positioning itself as a significant landholder in the region.