- Ximen. Mining (TSXV:XIM) has identified new targets at its Amelia Property near Rock Creek in southern British Columbia
- The company was able to identify the new target through an airborne magnetic survey conducted on the property
- The survey’s purpose was to aid the interpretation of the geological units beneath cover and to identify de-magnetized areas potentially associated with alteration and mineralization
- Shares of Ximen Mining are unchanged at C$0.06
Ximen Mining (TSXV:XIM) has officially reported initial results from its airborne magnetic survey done at its Amelia property in southern British Columbia.
In a news release, the Vancouver-based company stated the survey’s purpose was to assist in interpreting the geological units beneath cover as well as identifying demagnetized areas potentially associated with alteration and mineralization.
Ximen Mining also stated that magnetic lows were identified in the central area as well as in the northeast. Several magnetic anomalies – high and low – were also identified in the survey.
The known mineralized veins at Amelia show a moderate correlation with low magnetic lineaments. The southwestern region of the property is dominated by magnetic highs and shows a prominent low magnetic lineament that coincides with the Anarchist vein that is hosted within granodiorite.
Located near Rock Creek, B.C., the Amelia property covers the Cariboo-Amelia gold mine in Camp McKinney. The mine has historically produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tons milled.
Ximen Mining owns 100 per cent interest in three precious metal projects in southern B.C.
The company’s two gold projects include the Amelia Gold Mine and the Brett Epithermal Gold Project. It also owns the Treasure Mountain Silver Project adjacent to the past-producing Huldra Silver Mine.
Shares of Ximen Mining are unchanged at C$0.06.
Join the discussion: Find out what everybody’s saying about this stock on the Ximen Mining Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.