BC’s Next Significant Gold Producer

When it comes to the metals & mining sector, Stockhouse readers and investors know value and opportunity in when they see it. Especially gold. And especially right now. With the precious metal currently floating in and around the USD$2000/oz mark, exploration companies know that the road to profitability is fraught with fewer potholes than even just a year or two ago. Indeed, gold is glittering like never before.

Vancouver BC-based Ximen Mining Corp. (XIM) (TSX-V.XIM, OTCMKTS: XXMMF, Forum) is a mineral exploration company engaged in the acquisition, exploration, and evaluation of its three gold-focused precious metals properties and projects in the historically prolific Southern British Columbia. Its primary goal is locating key metals, including precious metals, specifically gold and silver.

The Company has continued to acquire additional mineral properties throughout the past three months and recently staked additional claims. Three mineral claims were recently acquired that adjoin Ximen's Amelia gold mine property at Camp McKinney in Southern BC.

And to say this reignited jurisdiction is red hot right now would be an understatement. And ROI for investors is likely amplified when the company begins spinning drills at its Brett Epithermal Gold Property, just 30 kilometres west of the large town of Vernon, BC.

Along with the aforementioned Brett Gold Property, Ximen’s other projects include the Greenwood Camp Project near Grand Forks BC, and the Treasure Mountain Silver Project northeast of Hope BC. It also holds an interest in its recently-acquired Kenville Gold Mine, close to Nelson BC.

Ximen Mining says it is laser focused on becoming the next significant high-grade gold producer in Southern British Columbia, through self-funding its own exploration programs.



About the Projects: The Kenville Gold Mine

The Company recently completed the final excavation for its Kenville 257 Portal, at its Kenville Gold Mine project in the Nelson mining camp, and has received a final report on the metallurgical test work completed by Met-Solve Laboratories Inc of Langley, B.C.

Ximen is rapidly progressing the Kenville gold project to production and the early-stage, high-grade results look very promising.

Initially, three samples were combined to form a 51 kilogram composite sample with a predicted gold grade of 17.16 g/t gold based on individual assays of the three samples.

A 10 kilogram sample was ground to a P80 of 147 µm and then subjected to a single-stage Falcon gravity concentration test. The concentrate was panned and determined to recover 39.3% of the Au at a grade of 11,225 g/t Au. A silver recovery of 8.6% Ag at a grade of 4,577 g/t Ag was achieved.

The results indicate that the material is amenable to gravity concentration, primarily for gold recovery, and that a high grade gold concentrate can be produced. A 2 kilogram subsample of the gravity tailings were subjected to rougher flotation. The rougher flotation test on the gravity tailings achieved an additional overall gold recovery of 59.7% and an additional silver recovery of 86.4% in a mass yield of 15.0%.

The Kenville Mine is the first recorded underground mine in BC, having started production in 1890. Historical production reportedly produced 65,381 ounces of gold (averaging .39oz/t) and 27,685 ounces of silver intermittently between 1889 and 1954.
The dilution factor was high at the time due to the shallow angles of the veins and limitations of equipment for narrow vein extraction.


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The Brett Epithermal Gold-Silver Property

On August 5th, Ximen provided an update on its Brett property near , whereby the Company received approval for surface drilling at Brett. A proposal for surface drilling was made to the Ministry of Mines earlier this year to allow work on the property to continue while the Ministry completed their review an underground exploration proposal that was filed last year. The purpose of the surface drilling program is to extend the known bonanza grade zones and test for lower-grade, bulk mineable targets.

Ximen acquired the property late in 2013 and in 2014 acquired additional adjoining claims. Land holdings in this area now total 20,000 hectares.

The primary site of Ximen’s exploration efforts, the Main Zone’s high-grade gold domains (shoots) are localized along a fault. These shoots are associated with silicification and disrupted vein quartz, with bladed calcite in veins that signifies boiling zones in an epithermal environment. All of this indicates potential for rich zones of high-grade gold mineralization.


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The Amelia Gold Mine

In January 2020, Ximen announced that it was planning a comprehensive exploration program for 2020 at its 100%-owned historic Amelia Gold Mine property. Full exploration, prospecting, and mapping of the Amelia Gold property commenced June 29th, with the aim of generating new targets for trenching and drilling that will be used for permitting for drilling later this season.

In 2019, Ximen assembled a land position covering 1718 hectares surrounding and including the historic Amelia gold mine. Historic production from the Cariboo-Amelia was 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead, and 198,140 pounds of zinc. The average recovered gold grade was 24.68 grams per tonne gold, according to the BC Minfile.

The new claims cover several mineral occurrences, including Pictou, Stan, Elk, Ho, and Jolly Creek Chrome. The Pictou covers a 6 metre wide shear zone from which values up to 209 grams per tonne silver have been obtained historically.


Image showing Amelia property and main gold-quartz vein (red). Click image to enlarge.


Long section view of the Amelia mine showing historic drifts and shafts (black) and target areas (green). Click image to enlarge.


From the CEO

When President and CEO, Christopher R. Anderson was asked by Stockhouse Editorial to talk a bit about their five-pack of gold projects in BC – specifically Kenville – what took them there, and what investors can expect from Ximen down the road, here’s what he had to say:

“We have multiple gold projects with multiple drill programs going on in three major gold camps in southern British Columbia – Salmo Camp, Greenwood Camp, and the Nelson Camp. Our overall projected target for exploration is somewhere around 8 million ounces of gold within those three camps. In the Kenville Gold Mine we own the surface rights, the underground rights, the buildings, the equipment, we own our own drills and we’re tied in with the Kootenay Dam. We have a small environmental imprint and we’ll be creating high impact meaningful jobs in the Nelson area. We’ll be one of the first high-grade underground gold mines in BC for close to 30 years. We’ll be targeting 125 tonnes per day of half ounce for the next 15 years. The target exploration upside for the combination of our three camps is big and will only get better.”


The Bottom Line

Sometimes it just requires a bit of digging (pardon the pun). Most investors know that while it’s been a rough ride recently for junior mining companies in particular – commodity prices have remained stagnant or below real-world market value for months. But now, gold in particular is beginning to take off like a rocket. Even a long-time commodity bear like Warren Buffet has seen the value in investing in gold stocks, purchasing 20.9 million shares, or about $565 million, gold goliath Barrick Gold Corporation (BC) (TSK.ABX).

Locating and extracting high-grade gold deposits is never easy work. It takes an experienced, professionally managed company to get the precious metal out of the ground in a profitable, efficient, and environmentally-sound way. And, easily and efficiently to market.

Located in one of the most mining-friendly jurisdictions of North America, Ximen Mining offer investors a unique opportunity to get in on the sizzling gold market all at a seemingly undervalued stock price.

Indeed, “thar is gold in them thar hills!” And Ximen plans to find plenty of it in Southern British Columbia’s historic Greenwood Mining District.


Ximen Mining Corp: In Summary

Ximen Mining Corp. owns a 100% interest in two of its precious metal projects located in southern BC. Ximen`s two major gold projects – the Amelia Gold Mine Project and the Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project, adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under an option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project.

The company has recently acquired control of the Kenville Gold mine near Nelson BC, which comes with complete surface and underground rights, buildings, and equipment.


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For more information, visit www.ximenminingcorp.com.


FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.