Today, Ximen Mining Corp. announced that Mathew Ball, Ph.D, P. Geo, has been appointed as Vice President of Exploration.
Dr. Ball currently also serves as COO and Chief Geologist as well as Interim CEO of Golden Dawn Minerals Inc. following the tragic loss of Wolf Wiese as its CEO last summer due to a serious medical situation at the age of 72.
Ximen now has a highly experienced geologist who knows well the Greenwood Mining District and the permitting procedures in British Columbia. Before working for Golden Dawn Minerals, Dr. Ball held positions as President and COO at the Bralorne Gold Mine in southern British Columbia.
Without doubt, today’s personnel appointment could turn out as a major advantage for Ximen going forward as the company owns 3 gold projects in southern British Columbia. Chris Anderson, President and CEO of Ximen, explained in today’s news: ”Ximen is most fortunate to have a geologist of Matt Ball’s caliber join the company. As Ximen moves forward with its plans for underground exploration and potential bulk sampling, Matt is key to this process.”
Dr. Mathew Ball has over 30 years of worldwide geological experience including underground precious metals mine development programs. He brings a wealth of practical experience and knowledge of lode and epithermal gold-silver, porphyry copper-gold and related skarn deposits, all of which potentially occur in Ximen’s three 100% owned projects in southern British Columbia.
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Ximen‘s Gold Drop Project recently made headlines with record-breaking drill results of “129 g/t gold and 1,154 g/t silver over 7.28 meter core length“, which ranks as the world‘s 7th best drill intercept of 2019 according to an article on Mining.com (see table above). Ximen has optioned the Gold Drop Project to GGX Gold Corp. but it is Ximen who has the right to elect to form a joint venture in case GGX successfully fulfills its option agreement.
Ximen’s team member Alex Mcpherson worked underground at the past producing Dentonia Mine, which is adjacent to the Gold Drop Property. He knows that area well, and how such veins are mined. He has worked on many notable projects across Canada and the United States. In British Columbia, he was also sinking shafts for Bralorne Gold Mines. He has decades of experience in mining and mineral exploration, has done extensive underground work including drifting, stoping, sinking shafts, driving raises, timbering, blasting and much more for a variety of private and public companies.
Ximen’s press-release today also stated that Dr. Ball’s “primary focus will be on assisting the company with finalizing permits for underground development and drilling at Ximen’s Brett epithermal gold project near Vernon British Columbia. He will also be assisting the Company with permitting bulk samples opportunities as they may occur on the Brett project or any of its other British Columbia projects.”
One of the questions typically arising when hearing the term “bulk sample”: Where will its processing be tested?
Golden Dawn‘s Greenwood Mill facility has a processing capacity of 200 t/day, which is upgradable to 400 t/day with the addition of a second ball mill.
Full size / Golden Dawn‘s Greenwood Mill facility
Full size / The modern Greenwood Mill processing facility was built in 2007. It was operational for only 9 months during 2008, in part due to the global financial crisis, a corresponding lack of financing and the weak gold price at that time. In 2016, Golden Dawn acquired the Greenwood Mill complex, along with the past producing Lexington and Golden Crown mines.
However, that’s not the only processing facility in the region.
Ximen also has Peter Cooper on board. He has been involved in 3 successful new gold mine start-ups and has overseen projects from the exploration stage right up to production. He played a significant role in the exploration, pre-production and development of Kinross Gold Corp.‘s Buckhorn Gold Mine located in northern Washington State, close to Ximen’s Gold Drop Project. For many years, he served as Chief Geologist and then Manager of Operations at Kinross‘ Kettle River Mill, where the ore of the Buckhorn Gold Mine was processed. With the recent closure of Kinross‘ Buckhorn Gold Mine (depleted), Kinross might be looking for replacement feedstock to keep its large Kettle River Mill (capacity: 1,800 t/day) alive. See pictures below sourced from Kinross.
Kinross‘ Kettle River Buckhorn Operation
Previous Coverage
Report #6: “Location is Key for Ximen‘s Treasure Mountain Project in Southern British Columbia“
Report #5: “The Unprecedented Gold-Silver-Tellurium Strikes in the Historic Greenwood Mining Camp Continue“
Report #4: “Record-Breaking Gold Hit in Southern British Columbia“
Report #3: “Strong drill results and appreciating precious metals prices may herald golden times for Ximen Mining“
Report #2: “Ximen Mining reveals striking drill core observations ahead of assays“
Report #1: “Ximen Mining: Hunting for Multi-Million Ounces in British Columbia“
Technical Perspective
Link to updated chart (15 min. delayed): https://schrts.co/nVvegNqV
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 Issued & Outstanding: 32,179,025
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Canadian Symbol (TSX.V): XIM
Current Price: $0.59 CAD (02/15/2019)
Market Capitalization: $19 Million CAD
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German Symbol / WKN (Frankfurt): 1XMA / A2JBKL
Current Price: €0.365 EUR (02/15/2019)
Market Capitalization: €12 Million EUR
Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Ximen Mining Corp. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Ximen Mining Corp.´s and Zimtu Capital Corp.´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Ximen Mining Corp.´s and Zimtu Capital Corp.´s profile on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist. The author, Stephan Bogner, holds a long position in Ximen Mining Corp., Golden Dawn Minerals Inc. as well as Zimtu Capital Corp. and is being paid by Zimtu Capital Corp. for the preparation, publication and distribution of this report, which company holds a long position in Ximen Mining Corp. and Golden Dawn Minerals Inc. The author currently does not hold any equity positions or other kind of interest in GGX Gold Corp. or any other mentioned company. Ximen Mining Corp. has paid Zimtu Capital Corp. to provide this report and other investor awareness services.
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