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Ximen Mining laying track at Kenville Gold Mine’s 257 Portal as another step towards production

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This portal will provide access to the Kenville Mine 257 Level, which will be utilized later when it is connected to the new decline by a raise. Once the 257 portal rebuild is complete, the company can start on the new decline following final ministry approval of the program.

Additional Information:

Company: Ximen Mining
Website: http://www.XimenMiningCorp.com
Stock Symbol: TSXV: XIM
Date Published: Nov 24, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Ximen Mining is in the final stages of construction of the 257 portal as it proceeds towards gold production at its Kenville Mine in the Nelson mining camp in southern British Columbia.

The culvert has been constructed and placed on graded bedding.

Cement block retaining walls were constructed and placement of back-fill is nearly complete, with rail ties and track currently being laid in the new portal culvert section to connect with the mine.

One placement of back-fill is finished, an as-built survey will be completed for the consultant engineer to sign off.

The new mining equipment has arrived in anticipation of work starting on the new portal.

Permitting is advancing with public notifications completed and other minor additions to the application finalized.

Management anticipates that the updated application will be submitted to the Ministry of Mines within days.

This portal will provide access to the Kenville Mine 257 Level, which will be utilized later when it is connected to the new decline by a raise.

The raise will be constructed once the decline advances below the mine and will provide ventilation and a second egress from the mine.

This will facilitate access to the mineralized areas outlined in the 2009 historic resource estimate.

Once the 257 portal rebuild is complete, the company can start on the new decline following final ministry approval of the program.

Ximen has been highly active this year acquiring several properties in southern BC, particularly in the well-known Nelson Gold mining camp surrounding Ximen’s Kenville Gold mine.

Ximen’s total holding in the Nelson-Salmo area now stands at approximately 18,983 hectares and the total land holdings controlled by Ximen in southern BC is now approximately 86,448 hectares.

Ximen Mining also owns 100% interests in 3 other precious metal projects located in southern BC., the Amelia Gold Mine and The Brett Epithermal Gold Project, and the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine.

Currently, the Treasure Mountain Silver Project is under an option agreement, with the option partner making annual staged cash and stocks payments as well as funding the development of the project.

Ximen recently divested its interests in the Gold Drop Property in southern British Columbia to GGX Gold Corp, retaining a 2.5% NSR and a meaningful share position.

Ximen’s shares are trading at $0.40

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 Megan Edwards for Investmentpitch Media