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.
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Ximen Mining Corp. (TSXV: XIM) (OTC Pink: XXMMF) is mobilizing crews and equipment to commence the 2024 drill program at its Brett epithermal gold project near Vernon, BC. The project, spanning 20,043 hectares, covers low-sulfidation epithermal-style gold mineralization in Eocene Penticton Group volcanic rocks. Discovered in 1983, a 291-tonne surface bulk sample shipped to Trail, BC in the 1990s averaged 27.74 g/t gold and 63.7 g/t silver. Multiple mineralization zones occur over a two-kilometer strike, including bulk-mineable and high-grade styles. Ximen conducted LiDAR and airborne magnetic surveys in 2022, followed by interpretation, 3D modeling, and target refinement for the upcoming drilling program.
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Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) announces a non-brokered private placement of 2.5 million units at $0.18 per unit, generating $450,000. Each unit includes one common share and one transferable common share purchase warrant. The net proceeds will fund exploration expenses and general working capital for the company's British Columbia mineral properties.
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Ximen Mining Corp. (XIM) closed a non-brokered private placement, issuing 2,500,000 flow through units at $0.20 each, resulting in $500,000 gross proceeds. The net proceeds will be used for exploration expenses on the Company's British Columbia mineral properties. The company also paid cash commissions and issued finder warrants. The financing closed in two tranches, subject to final TSX-V approval.
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Ximen Mining (TSX-V:XIM) has announced a two-phase clean electricity generation project with Energy Plug Technologies Corp (CSE: PLUG) and Renewable Energy Power to power the Kenville Gold Mine in Nelson BC. The project includes the installation of lithium-iron phosphate storage batteries connected to solar panels and a 1MW Battery Storage System (BESS) designed to accommodate large compressors, ventilation, and lighting for the mine site. This initiative aligns with Ximen Mining's zero-emission goals and targets a three-year return on investment while taking advantage of Clean Electricity and Clean Energy Tax Credit.
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Ximen Mining Corp. (TSX.v:XIM)(FRA:1XMA)(OTCQB:XXMMF) is pleased to announce a non-brokered private placement of 2,500,000 flow through units at $0.20 per share, raising $500,000 for exploration expenses on the Company's British Columbia mineral properties. The flow-through shares will qualify as flow-through shares under the Income Tax Act, with an effective date no later than Dec. 31, 2023. Insiders may participate in the offerings and sell securities through the TSX Venture Exchange.
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Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) announces information from its eighth drill hole at the Amelia Gold project in Camp McKinney near Rock Creek in southern BC. The Cariboo-Amelia mine produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes milled. Hole AM23-08 intersected the extension of the McKinney vein beneath the eastern end of the historic mine.
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Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) announces initial information from its seventh drill hole at the Amelia Gold project in Camp McKinney near Rock Creek in southern BC. The 2023 drill holes are testing the main McKinney vein beneath the eastern end of the historic mine. A total of 1,846 meters of NQ sized core was drilled. The mineralized intercepts range in core length from 0.26 meters to 0.70 meters and contain pyrite, sphalerite, galena and chalcopyrite. Core samples will be sent for analysis once the geological logging and sampling is completed.
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Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) is proceeding with a consolidation of its Common Shares on a 5:1 basis, resulting in 29,942,879 Common Shares issued and outstanding. The consolidation will commence trading on the TSX Venture Exchange on December 4, 2023, without requiring shareholder approval. The exercise or conversion price and the number of Common Shares issuable under the Company's outstanding stock options will be proportionately adjusted upon completion of the Consolidation.
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Ximen Mining Corp. (XIM) has completed its 2023 drill campaign for the Amelia Gold project in Camp McKinney near Rock Creek in southern BC. The company drilled eight NQ-size holes for a total of 2,064 meters and intersected the target vein in five holes. The mineralized intercepts contain pyrite, sphalerite, galena, chalcopyrite, and pyrrhotite. Ximen plans to continue testing the 4-kilometer long system of gold-quartz veins and historic workings at the mine.
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Ximen Mining Corp. (XIM) proposes a share consolidation on a 5:1 basis to facilitate new equity investment, finance business activities, and marketing efforts. The consolidation will not change shareholders' ownership proportion and is subject to TSX Venture Exchange approval.
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FAQ
What is the current stock price of XIMEN MINING (xxmmf)?
The current stock price of XIMEN MINING (xxmmf) is $0.0645 as of November 21, 2024.
What is the market cap of XIMEN MINING (xxmmf)?
The market cap of XIMEN MINING (xxmmf) is approximately 2.5M.
What projects does Ximen Mining Corp own?
Ximen Mining Corp owns the Amelia Gold Mine, the Brett Epithermal Gold Project, and the Treasure Mountain Silver Project.
What is Ximen Mining Corp focused on?
Ximen Mining Corp is focused on acquiring high-grade gold assets in southern British Columbia.
What is Ximen Mining Corp's commitment to sustainable practices?
Ximen Mining Corp 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.
What is Ximen Mining Corp's stock symbol?
Ximen Mining Corp's stock symbol is XXMMF.
How can I contact Ximen Mining Corp for investor relations?
You can contact Ximen Mining Corp for investor relations at 604-488-3900 or ir@XimenMiningCorp.com.
XIMEN MINING CORP