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Ximen Mining Corp V.XIM

Alternate Symbol(s):  XXMMF

Ximen Mining Corp. is a Canada-based exploration company, which is engaged in the acquisition, exploration, and evaluation of its mineral property interests located in British Columbia (BC). The Company’s Brett Gold Project is situated in the North Okanagan region of southwest British Columbia approximately 29 kilometers (km) west of Vernon. Its Gold Drop Property is located about nine kilometers northeast of Greenwood, British Columbia, in the Greenwood Gold Mining district. Its Treasure Mountain property is located 30 km east of Hope, British Columbia. Its Kenville Mine property is located eight kilometers west of the town of Nelson in the West Kootenay region of British Columbia’s south-eastern interior. The Company’s Cariboo-Armelia gold mine is situated at Camp McKinney in British Columbia. Its Bouleau Property is adjacent to the Company’s Brett property, located near Vernon, British Columbia. Its Dentonia South Property is located 10 miles south of Greenwood, British Columbia.


TSXV:XIM - Post by User

Bullboard Posts
Comment by 1004on Jan 15, 2019 12:39am
97 Views
Post# 29231605

RE:RE:RE:RE:RE:RE:The real pkay is GGX!!

RE:RE:RE:RE:RE:RE:The real pkay is GGX!!
It's pretty funny to see XIM running on this news today. Perhaps it has something to do with them stating that they own 100% of the Gold Drop property while only making vague references to a partner making staged payments and share issuances. About Ximen Mining Corp. Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects located in southern BC. Ximen`s two Gold projects are 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. The option partners are making annual staged cash and stocks payments as well as funding the development of these projects. They're not including the details of this agreement with GGX and for that I provide the following from their Management Discussion & Analysis. On June 21, 2016, the Company entered into an option agreement with GGX Gold Corp. (GGX) (formerly Revolver Resources Inc.) to sell its 100% interest in the Gold Drop Property. GGX is required to make cash option payments totalling $400,000, issue 1,000,000 common shares, issue additional common shares with a fair value of $450,000, and incur exploration expenditures on the property as follows:See SEDAR for more details. At $5 million market cap, GGX is not only the logical one to play for Gold Drop. It's the only one to play. Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.ggx&postid=29228683#rL22jv1p4PyLjwcP.99
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