XIMEN MINING CORP - XXMMF STOCK NEWS

Ximen Mining has received the Final Mines Act Permit for its Kenville Gold Mine in southeastern British Columbia as of April 20, 2023. This milestone allows the company to advance its operations at a historic site known for gold production since 1888. The permit includes essential activities such as establishing the Venango Portal, initiating an underground exploration drilling program of 20,250 metres, and setting up a Waste Rock Storage facility. The mine's historical records indicate production of 65,381 ounces of gold. Management emphasizes the commitment to making Kenville one of the greenest gold mines in the region. Currently, shares are trading at $0.16 on the OTCQB (XXMMF).

Ximen Mining Corp (OTCQB: XXMMF) announced on April 19, 2023, that it has received the Final Mines Act Permit for the Kenville Gold Mine in southeastern British Columbia. This project, which began operations in 1888, aims to become an environmentally-friendly gold mining operation. The permit allows for significant developments including a new decline shaft, underground exploration drilling of 20,250 meters, and construction of a waste rock storage facility. Several conditions must be met prior to commencing work, such as submitting engineering drawings and plans for water management infrastructure. The company is eager to advance the Kenville project and enhance its contribution to the gold mining industry in the region.

Ximen Mining Corp has announced it will post an additional reclamation security deposit of $83,000 at its Kenville Gold Mine project in southeastern British Columbia, bringing the total security to $103,800. This request from the Ministry of Energy, Mines and Low-Carbon Innovation indicates that permitting for the project is nearing completion. CEO Christopher R. Anderson expressed optimism about fulfilling reclamation obligations and moving forward with the project, which includes building water management infrastructure as soon as the snow melts. The Kenville project is poised for ground-breaking within months. The Company holds 100% interest in multiple precious metal projects in southern BC, including the Amelia Gold Mine and Treasure Mountain Silver Project.

Ximen Mining (OTCQB:XXMMF) has received a draft Mines Act Permit from the BC government for its Kenville Gold Mine, following an earlier draft Environmental Permit. This permit facilitates underground development, including establishing a new portal and drilling program. The project has historical production of 65,381 ounces of gold, with current operations aimed at sustainability and minimal environmental impact. Management is focused on job creation while maintaining a small footprint. The Reclamation Security Bond is set at $103,800. Shares are currently trading at $0.125.

Ximen Mining Corp (OTCQB:XXMMF) has received the draft Mines Act Permit for its Kenville Gold Mine in British Columbia from the provincial government. This is the second draft permit, following a draft Environmental Permit earlier this month. The Mines Act Permit allows for significant underground development activities, including the establishment of the Venango Portal and 20,250 meters of exploration drilling. The Company anticipates final approval shortly, contingent upon meeting specific conditions such as posting a reclamation security of $103,800 and completing various engineering and monitoring plans. Ximen aims to advance towards a sustainable mining operation.

Ximen Mining Corp (OTCQB: XXMMF) has successfully closed a non-brokered private placement, raising $180,000 through the issuance of 1,200,000 flow-through units at a price of $0.15 per unit. Each unit includes one common share and a warrant allowing the purchase of additional shares at Cdn$0.20 for five years. This offering is still pending approval from the TSX-V and has a hold period expiring on June 11, 2023. The company, focused on high-grade gold assets in southern BC, aims to develop its Kenville Gold Mine while minimizing debt and shareholder dilution.