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Ximen Mining's Option Partner GGX Gold Announces Spring Drill Program on Gold Drop Property in Southern British Columbia

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The program, scheduled to begin in early April, will focus on the COD vein located in the Gold Drop Southwest Zone. It will further test the southern extension of the COD vein, where the company intersected near-surface, high-grade gold, silver and tellurium during 2018 diamond drilling.

Additional Information:

Company: Ximen Mining
Website: http://www.XimenMiningCorp.com
Stock Symbol: TSXV: XIM
Date Published: Mar 20, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Ximen Mining announced that its option partner GGX Gold Corp. is preparing for the spring 2019 diamond drilling program on the Gold Drop Property.

The Gold Drop Property is located 40 kilometers from Grand Forks, in southern British Columbia, in the Greenwood District.

The program, scheduled to begin in early April, will focus on the COD vein located in the Gold Drop Southwest Zone.

It will further test the southern extension of the COD vein, where the company intersected near-surface, high-grade gold, silver and tellurium during 2018 diamond drilling.

The highlights of the 2018 diamond drilling program are drill holes COD18-67 which intersected 129 grams per tonne gold, 1,154 grams per tonne silver & 823 grams per tonne tellurium over a 7.28 meter core length and COD18-70 which intersected 107 grams per tonne gold, 880 grams per tonne silver & 640 grams per tonne tellurium over a 6.90 meter core length.

The COD vein system has been traced by trenching and diamond drilling for close to 400 meters along strike and is open along strike and at depth.

Highlights of the intersections from the 2017 and 2018 diamond drill holes at the COD vein are shown in this table.

As initial tellurium grades were above the test limit of 500 grams per tonne, the company sent the samples back for further analysis.

A total of 14 drill core samples from holes COD18-67 and COD18-70 contained tellurium at above 500 grams per tonne, with the highest sample at 3,860 grams per tonne.

Other targets in the Gold Drop Southwest Zone include the COD north region, where no previous diamond drilling has been completed.

The 2018 trenching program exposed numerous vein showings with grab samples up to 15.45 grams per tonne gold, 159 grams per tonne silver and 114.5 grams per tonne tellurium.

A 0.4 meters long chip sample returned 21.7 grams per tonne gold, 216 grams per tonne silver and 149 grams per tonne tellurium.

Tellurium is one of the rarest elements on earth.

Today cadmium telluride is the most preferred material for thin film solar, which represents the second-most utilized solar cell material in the world behind silicon.

This is supported by a report by Global Market Insights which stated: “The market for thin film solar panels is expected to grow from a current value of US$8 billion to over US$30 billion by 2024.”

Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects located in southern British Columbia.

In addition to the two gold projects, The Gold Drop Project and The Brett Epithermal Gold Project, Ximen also owns the Treasure Mountain Silver Project adjacent to the past-producing Huldra Silver Mine.

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

Ximen’s shares are trading at $0.63.

For more information, please visit the company’s website, www.XimenMiningCorp.com, contact Christopher R. Anderson, President and CEO, by email at office@XimenMiningCorp.com

For Investor Relations contact William Sattlegger at 604-488-3900 or email at ir@XimenMiningCorp.com.

I’m Samantha Deutscher for Investmentpitch Media