Announcement Date: 2022-01-10
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Ximen Mining Corp.
Project name: Wild Horse
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 86.0m @ 0.36g/t Au from 60.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, B.C., January 10, 2022 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) is pleased to announce results from drilling conducted last year at its newly acquired Wild Horse Gold property, located 15 kilometers northeast of Cranbrook in the Fort Steele Mining Division in southern British Columbia. The drilling was done to extend previous drill results from 2016 that tested a gold-breccia zone where previous surface grab sample results ranged up to 8.0 grams per tonne gold. High gold values were intersected in the 2016 drill hole LF16-01, which was drilled at an inclination of 60 degrees and intersected stockwork quartz veinlets and breccia in altered sedimentary rocks. Previous reports indicate a drill intercept of 0.76 grams per tonne gold over 14.4 meters was obtained between depths of 60.0 meters and the end of the hole at 74.4 meters. The hole ended in the mineralized zone. In 2021 Ximen completed 2 holes for 373.7 meters cored at its Wild Horse Gold property. The first hole (GM21-01) was an extension of the 2016 hole; the hole was deepened from 74 to 217.6 meters. The extension intersected a continuation of the quartz veinlet stockwork and breccia-style mineralization seen in LF16-01, with consistently elevated gold values obtained between 75 and 84 meters, and local elevated gold values further down the hole.
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