Ximen Mining NI 43-101 Technical Report on Brett Gold Project, Located Near Vernon BC, Filed on Sedar - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2017) -Ximen Mining Corp.(TSXV: XIM) (FSE: 1XM) (OTC Pink: XXMMF) has filed a NI 43-101 Technical Report on the company's Brett Project.
The 20,000-hectare Brett Gold Project is located about 30 kilometres west of Vernon and 70 kilometres southeast of Kamloops.
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Potential exists on the Brett property for both high-grade, structurally controlled vein-style mineralization, and for lower grade bulk tonnage mineralization.
Ximen optioned the property in late 2013 and began exploration work on the claims in May 2014. Results from a ground mag survey and IP survey, indicate drill targets may be developed that focus on the high-potential structural domains. A second, sub parallel, chargeability anomaly was detected to the west which merged with the main anomaly to create a chargeability feature exceeding 1 kilometre in width.
The report recommended exploring the strong north-northwest trend in the multi-element biogeochemical anomaly west of the Gossan Zone which has never been tested by drilling, in addition to resampling a portion of the L8900 grid line to verify certain results. Other recommendations included further drilling at the Boundary Zone to test more permeable altered horizons, encountered in hole B14-06, on-strike, near their intersection with important structures that acted as fluid pathways.
Drilling is also required to establish the geometry and extent of the new zone of mineralization encountered in hole B14-13, as well as exploration drilling to test the zone on-strike to the north, particularly at depth beneath the Stockwork Zone. As with the Boundary Zone, potential exists for both bulk tonnage gold mineralization and for high grade vein style mineralization.
An airborne magnetic survey is recommended as a first-pass method to evaluate the large claim block for such areas of alteration. Plans include obtaining a laser topographic Lidar scanned map, which will provide the best approximation of true ground conditions. Rehabilitation of the adit in order to conduct underground exploration including exploratory drill holes, is also on the agenda.
Ximen owns 100% of all 3 of its precious metal projects in British Columbia, the Gold Drop and Brett Gold projects in southern British Columbia, and the treasure Mountain Silver British Columbia.
The shares are trading at $0.04 and with 87 million shares outstanding, the company is capitalized at $3.5 million.
For more information, please visit the company's website www.XimenMiningCorp.com, contact Wesley Warthe-Anderson at 604-488-3900 or email IR@XimenMiningCorp.com.
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