The Providence claim covers 190 hectares in the Greenwood Mining Camp and adjoins the Gold Drop property currently optioned and being drilled by GGX Gold Corp. (TSX.V: GGX). The Providence property covers five historic past-producing mines for silver, gold, lead and zinc. The most significant of these is the Providence mine, which operated intermittently from 1893 to 1973, and produced a total of 183 kilograms of gold (5,884 ounces), 42,552 kilograms of silver (1,368,079 ounces), 183 tonnes of lead, 118 tonnes of zinc from 10,426 Metric tonnes of material. The mine had a total of 3000 metres of underground workings that were serviced by two shafts.
Previous prospecting by Ximen crews identified a number of mineral showings that are not included in the provincial Minfile records. One of these is a mine dump located near the historic Providence mine, from which a sample returned significant gold and silver values (2.87 grams per tonne gold and 127 grams per tonne silver). Another undocumented occurrence is an exploration pit, where massive sulphide material occurs containing chalcopyrite, bornite and magnetite. A sample of this material returned values of 2350 ppm Cu and 3.4 ppm silver.
The Company is now permitted to carry out its plans for additional exploratory work on the property, which include detailed rock sampling, trenching and diamond drilling. The targets include gold-silver in quartz veins and copper-gold-silver skarn deposits.
Analyses disclosed in this release were conducted by ALS Global – Geochemistry Analytical Lab in North Vancouver, BC, Canada. ALS is an independent, fully accredited commercial laboratory. Gold was determined by the fire assay method using a 50 gram sample weight. Other metals were analyzed as part of a 33-element package using a four acid digestion and determination by ICP-AES.
Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under option agreements. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has also recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights buildings and equipment as well as a permit for the construction of an underground decline.
Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Swiss Resource Capital AG
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