VANCOUVER, British Columbia, June 24, 2014 (GLOBE NEWSWIRE) -- Ximen (TSX-V:XIM) (OTCQX:XXMMF) is providing an update of activities on the Gold Drop property near Greenwood.
On the southern (Gold Drop) portion of the vein system, a vein with coarse visible gold has been discovered in outcrop. Trenching will attempt to trace this vein to the southwest, beyond the limits of any historical surface or underground exploration. Results are pending for samples collected from this new discovery.
Trenching is continuing to expose the Gold Drop-North Star vein system for systematic representative sampling, with the objective of identifying select areas along the structure for an upcoming bulk sample program. Initial work has focused on the northern (North Star) portion of the system, which has been traced intermittently on surface for a strike length of 315 meters. Several historic prospect pits and shallow exploration shafts are located along this northern part of the vein system. Ximen is attempting to expose the vein by excavator trenching in the vicinity of these historic prospect workings, and in areas between the old pits, where the depth of overburden was prohibitive for the historic workers. Where the current excavator cross-cut trenching exposes the vein and the vein is attractive in mineralization and true thickness, trenching is being done along the strike of the vein. To date, one trench has exposed the vein continuously along strike for 40 meters. In this exposure, the vein varies in true width from several 10's of centimeters up to 2 meters. It is a massive low-sulfide quartz vein, with local patchy galena, chalcopyrite and possible tellurides. Results are pending for channel samples collected across the width of the vein in this trench. Results are also pending for samples collected from historic vein exposures in this portion of the North Star vein.
To date, 40 rock samples have been collected from trenches and historic workings on the Gold Drop property and have been shipped to ActLabs in Kamloops for preparation and analysis.
Prospecting is ongoing to look for additional mineralized quartz vein occurrences, for sampling and testing by excavator trenching.
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, and trading on the OTCQX marketplace in the U.S. under the symbol XXMMF.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.
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.
CONTACT: Ward Kondas 604-488-3900 or by email at ward@ximenminingcorp.com
