IRW-Press: Ximen Commences IP Survey On The Brett Gold Property, Vernon, BC



Published on 13 August 2014


by Press Office

(IRW-PRESS and WireNews+Co)

Vienna, Austria

Ximen Mining Corp. (the 'Company' or “Ximen”) (TSX-V: XIM) is pleased to announce the IP survey on the Brett property has commenced. A total of 20 line km of survey is planned. The survey will test the large magnetic low anomaly that was defined by the recently completed ground magnetic survey, as well an additional 400m to the north. The newly discovered mag-low anomaly measures 1.1 by 1.1 kilometers in size and remains open to the north and east. It is a blind target under glacial till cover, with minimal rock exposed on surface. Elsewhere on the property, similar (but much smaller) magnetic low anomalies are associated with known gold-bearing epithermal veins and associated magnetite-destructive alteration.

The IP survey will cover the Gossan zone and the Milo trench, both areas of strong silicification and pyritization with local quartz stockwork veining that occur within and are encompassed by, the mag-low anomaly. The spatial relationship of the mag-low feature to the alteration in these areas suggests that the broad mag-low zone may be related to the same magnetite-destructive alteration exposed in outcrop in these areas. The size and strength of the anomaly suggests a very large alteration zone, extending laterally well beyond the exposures seen at the Gossan zone and Milo trench.

The IP survey is expected to provide subsurface definition within this large target area, for drill testing in the upcoming diamond drill program.

Patrick Forseille, P. Geo. is the Qualified Person who has approved the technical content of this news release.

About Ximen Mining Corp.

Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA on the OTCQX under the symbol XXMMF.

On behalf of the Board of Directors

Christopher R. Anderson, President, CEO and Director

Ximen Mining Corp.

For further information, please contact

Ward Kondas, Tel: 604-488-3900 - ward@ximenminingcorp.com.

TSX.V: XIM - Frankfurt: 1XM -USA: XXMMF

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Contacts

  •  
  • Joachim Brunner
  • IRW-Press
  • PR Contact
  • Tel: +43724221193011
  •  
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Posted 2014-08-13 17:17:00