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Ximen mobilizing crews and equipment for exploration drilling and trenching to start in June

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Exploration field activities will commence on the permitted Providence property, where previous investigations identified an historic mine on a polymetallic silver vein target and a number of outcropping sulphide showings with copper-gold-silver skarn and/or vein type mineralization.

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Company: Ximen Mining
Website: http://www.XimenMiningCorp.com
Stock Symbol: TSXV: XIM
Date Published: May 29, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Ximen Mining is mobilizing crews and equipment for exploration drilling and trenching to start in June on several of its properties near Greenwood in Southern British Columbia.

Exploration field activities will commence on the permitted Providence property, where previous investigations identified an historic mine on a polymetallic silver vein target and a number of outcropping sulphide showings with copper-gold-silver skarn and/or vein type mineralization.

The Providence land package, comprising 17 mineral tenures, surrounds the Gold Drop Property that is currently under an option agreement to GGX Gold Corp.

Photos of historic Providence mine site shows evidence of significant excavation work done in the past.

Massive sulphide from an historic pit showed 0.23% copper and 3.4 grams per tonne silver with vein quartz from an historic mine showing 3.87 grams per tonne gold and 100 grams per tonne silver.

Following completion of compilation work and initial field examinations, permit applications will be made for trenching and drilling at the nearby Amelia and Bud-Elk properties where gold-quartz veins and gold-copper skarn mineralization has been explored and mined historically.

As the season progresses, work will also be done on Ximen's many other promising properties in southern B.C., including the Brett epithermal gold property, the Treasure Mountain silver property, the Quartz Mountain gold property, and the Hughes copper-silver property.

Ximen recently reported that metallurgical test results from its Kenville Gold Mine showed 99% gold recovery.

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.

Ximen’s shares are trading at $0.68.

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