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Ximen Mining Corp.

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Ximen Mining Corp Gold Drop Project 107 G/T Gold and 880 G/T Silver Over 6.90 Meter Diamond Drill Interval

VANCOUVER, B.C. / ACCESSWIRE / January 21, 2019 / Ximen Mining Corp. (TSX.V: XIM) (OTCQB: XXMMF) (the "Company" or "Ximen") is pleased to provide an update on the Gold Drop Property which is currently under option agreement to GGX Gold Corp. (TSX.V: GGX) and located near Greenwood in southern British Columbia.

Ximen's option partner has announced final diamond drill core results for the last 4 drill holes (COD18-68 to COD18-71) from the November 2018 diamond drilling program on the COD Vein southern extension (GGX News Releases of January 18, 2019).

The recent analytical results are highlighted by a 6.90 meter interval which returned 107.5g/t gold and 880 g/t silver in drill hole COD18-70.

This precious metal mineralized quartz vein intersection is near-surface (18 to 24 meters vertical depth) and located near similar intersections identified in holes COD18-45, 46 and 67. This expands the knowledge of the understanding of mineralization controls at the Gold Drop Project and suggests a continuous high-grade gold mineralized structure has been confirmed.

Intersections exceeding 1 g/t gold for the last drill holes COD18-68 to COD18-71 are listed in the table below. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported.

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

Te (g/t)

Description

COD18-68

19.49

22.25

2.76

8.77

85.4

56.3

Quartz vein and wall rock

COD18-68

incl. 20.86

22.35

1.39

14.47

131.8

87.9

Quartz vein and wall rock

COD18-69

19.75

20.42

0.67

1.24

9.59

6.55

quartz band

COD18-69

26.72

34.18

7.46

5.76

67.9

61.2

Quartz veins & wall rock; local quartz breccia

COD18-69

incl. 27.30

28.10

0.80

9.77

95

110

Quartz vein

COD18-69

incl. 31.20

31.60

0.40

70.9

569

278

Quartz vein with massive sulfide band

COD18-70

22.57

29.47

6.90

107.5

880

Quartz vein with tellurides

COD18-70

incl. 23.3

24.15

0.85

541

4532

>500

Quartz vein with tellurides

COD18-71

28.50

30.30

1.80

1.57

11.7

8.4

Alteration zone

Note: 1-meter core loss in COD18-70 between 22.57 - 29.47m.

All November 2018 drill holes were collared within 25 meters of prior 2018 drill holes COD18-45 and COD-46, the objective to define the high-grade mineralization in this part of the COD vein and to provide information on the controls on mineralization. Drill holes COD18-45 and COD18-46, drilled to the west at 45 and 50 degree-dips, intersected near-surface, high grade gold and silver mineralization in the COD vein (News Releases of August 15 and 22, 2018). Drill holes COD18-67and COD18-70, part of the November 2018 program, intersected high grade gold and silver mineralization in the same area. These holes were drilled slightly northeast at dips of 50 degrees (COD18-67) and 54 degrees (COD18-70) to intersect the COD vein at a shallower angle and test the continuity of the quartz veining and high-grade mineralization. Highlights of these four holes include (core length):

  • COD18-45: 50.1 g/t Au and 375 g/t Ag over 2.05 meters
  • COD18-46: 54.9 g/t Au and 379 g/t Ag over 1.47 meters
  • COD18-67: 129.1 g/t Au and 1,154 g/t Ag over 7.28 meters
  • COD18-70: 107.5 g/t Au and 880 g/t Ag over 6.90 meters

The close-spaced intersections of COD18-45, 46, 67 and 70 all occur within 18-25 meters vertical depth with indications of a continuous high-grade gold mineralized structure.
"Again the COD Vein on the Gold Drop Project has delivered drill results that are some of the highest grade intersections ever drilled over the last 100 years in the Greenwood Gold Mining Camp" Comments, Chris Anderson Ximen CEO.

The drill core was split with half core samples securely packaged and delivered to ALS Canada Ltd. in Vancouver, BC. The core samples were analyzed for gold by Fire Assay-Atomic Absorption and for 48 elements (including silver and tellurium) by Four Acid - ICP-MS. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay - Gravimetric Finish. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid - ICP-AES. Samples exceeding 1,500 g/t silver by Four Acid - ICP-AES were re-analyzed for silver by Fire Assay - Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.

Neil Froc, P.Eng., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On behalf of the Board of Directors,
"Christopher R. Anderson"
Christopher R. Anderson,
President, CEO and Director
Ximen Mining Corp. 604 488-3900

About Ximen Mining Corp.

Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects located in southern BC. Ximen`s two Gold projects are The Gold Drop Project and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past-producing Huldra Silver Mine. Currently both the Gold Drop Project and the Treasure Mountain Silver Project are under option agreements. The option partners are making annual staged cash and stocks payments as well as funding the development of these projects.
Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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.

Ximen Mining Corp
888 Dunsmuir Street - Suite 888,
Vancouver, B.C., V6C 3K4

SOURCE: Ximen Mining Corp.

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