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Ximen Mining’s metallurgical test results from its Kenville Gold Mine showed 99% gold recovery

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The Kenville Gold Mine, located in the Nelson mining camp in southern British Columbia, was, in 1990, ranked as the 26th largest producer in British Columbia history, although the Kenville Mine had not been in production for years.

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Company: Ximen Mining
Website: http://www.XimenMiningCorp.com
Stock Symbol: TSXV: XIM
Date Published: May 22, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Ximen Mining’s metallurgical test results from its Kenville Gold Mine showed 99% gold recovery.

The Kenville Gold Mine, located in the Nelson mining camp in southern British Columbia, was, in 1990, ranked as the 26th largest producer in British Columbia history, although the Kenville Mine had not been in production for years.

Ximen recently acquired control of the Kenville Gold Mine which cames with surface and underground rights, buildings and equipment.

B.C. Government records indicate that between 1890 and 1954, the Kenville Mine produced 2,024,306 grams of gold, or 2 metric tonnes, from 181,120 tonnes of ore.

The test work started with a sample composited from the Kenville mineralization.

Material was sorted on the basis of visible sulphide mineralization and separate lots were assayed.

Portions of high-grade and low-grade material were then combined to give a weight average grade approaching the expected grade of material to be mined from Kenville of 0.5 ounces per ton or 17.1 grams per tonne gold when the project proceeds to a Bulk Sample.

The material was then subjected to gravity gold recovery and flotation testing aimed at approximating the process at the target processing plant.

Test results indicate the material responded exceptionally well to both gravity and flotation.

The Gravity Gold Recovery test achieved an overall gold recovery of 51% in a mass yield of just 0.06% at a gravity concentrate grade of 11,225 grams per tonne gold.

Flotation was able to recover 98% of the remaining gold, resulting in a combined overall gold recovery of 99%.

The resultant composite assayed 16.27 grams per tonne gold and 35.60 grams per tonne silver.

In addition to the Kenville Gold Mine, Ximen also owns 100% of the Amelia Gold Mine, the Brett Epithermal gold project, and the Treasure Mountain Silver Project adjacent to the past-producing Huldra Silver Mine.

The Treasure Mountain Silver Project and Gold Drop project are under option agreements, with the option partners making annual staged cash and stock payments as well as funding the development of these projects.

Ximen’s shares are trading at $0.50.

For more information, please visit the company’s website, www.XimenMiningCorp.com, contact Christopher R. Anderson, President and CEO, at 604-488-3900.

For Investor Relations, contact Sophy Cesar, at 604-488-3900 or by email at ir@XimenMiningCorp.com.

I’m Fiona Forbes for Investmentpitch Media