Full Version / A new underground front loader was delivered to the Kenville Gold Mine in October.
Budding gold producer Ximen Mining Corp. (TSX.V: XIM; Frankfurt: 1XMA, WKN: A2JBKL) released an important news update regarding the repair and recommissioning of the high-grade Kenville Gold underground mine in southern British Columbia, Canada.
The photo shown above shows the new front loader that recently arrived at the mine. In addition, there are two other important purchases that have been delivered, as the following photo shows:
Full version / delivery of an underground drilling rig (in front) and an ore tug (behind) for mining operations.
These accessories are essential for a mining operation. Short drillings over a few meters will only dictate the direction of the mining, so that drilling results are not necessarily to be expected. Such drilling is typical of underground mines and helps to better trace the gold vein.
In addition, Ximen has published new photos of the repair of the mine entrance. The steel pipe ("culvert") was successfully installed in front of the already renewed mine entrance:
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The entire area around the steel tube was then covered with earth and secured with cement blocks (this work is almost complete):
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Another track is currently being laid:
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Ximen emphasized in the news that the work "went well" and is "in the final phase". Once this work is complete, an independent mining engineer will sign it. The approval process is at an advanced stage and the public announcement has already been completed. An updated permit application will be submitted to the Ministry of Mines in the next few days, after which the mine permit is expected and mining can begin.
Once the final repairs are completed and the mine permit has been received, Ximen can begin mining the pre-existing 257 adit to extract the high grade gold resources identified by drilling in 2009. In total there are 373,238 ounces of gold ready to be mined , which at the current gold price have a sales value of $ 914 million CAD :
With an average of 22.9 g / t gold is this allows an exceptionally high degree of resource that extremely high profit margins. With only 69 million shares in the market , Ximen has succeeded in maintaining an extremely tight share structure as a budding gold producer. The last few days have shown what that means for the stock: Last week, the stock rose by up to 50% intraday. Since then, the share has consolidated hand in hand with the gold price and therefore offers an attractive purchase price.
Last week, Ximen launched an advertising campaign on North American TV station BNN Bloomberg :
Source: https://youtu.be/o543LQ1AYCY
German translation of the TV spot:
Source:
The commercial is to be broadcast up to 12 times a day on television (not online!) - for a whole month, including on weekends (a total of 300 broadcasts in 30 days). This broad-based advertising campaign will make the company better known, especially in North America, and makes all the more sense in Hiblick for the next few weeks, when a flood of positive news is expected.
Company details
Ximen Mining Corp.
888 Dunsmuir Street - Suite 888
Vancouver, BC, Canada V6C 3K4
Phone: +1 604 488 3900
Email: office@ximenminingcorp.com
www.ximenminingcorp.com
Shares in the market: 68,599,684