Ximen Mining (TSXV:XIM) (OTC:XXMMF) has announced a breakthrough in its exploration efforts at the Brett Epithermal Gold Project near Vernon, British Columbia. The company reported visible gold in its seventh drill hole (Hole B24-07) at the West Zone of the property, a major development for Ximen as it seeks to expand its presence in the region and gain a clearer understanding of the site’s mineral potential. This discovery further substantiates the West Zone’s potential as a significant gold-bearing area.

The drill hole intersected hydrothermally altered volcanic and intrusive rocks between 3.0 and 9.32 meters. The section included basaltic volcanic rocks, with feldspar porphyry intrusive material accounting for about 52% of the composition. The rocks showed heavy oxidation and argillic alteration, as well as a range of iron oxides. Following this section, drilling continued through altered volcanic and intrusive rocks, with layers of silicification and clay-rich zones extending down to a depth of 214 meters, where drilling stopped. The rocks exhibited dark gray silica-pyrite veinlets and breccia, marking areas of pervasive mineralization with visible pyrite concentrations between 3% and 10%.

Ximen highlighted specific intervals that underscored the significance of Hole 7. Between 19.86 and 32.87 meters, and again from 85.80 to 88.08 meters, Ximen observed a consistent presence of quartz and pyrite veinlets. Notably, the second interval (85.80 to 88.08 meters) included visible gold at 87.25 meters within a silica-pyrite veinlet with colloform banding. The visible gold was present as clusters of small grains, estimated at more than 20 grains, providing direct evidence of gold-bearing structures in the West Zone.

This visible gold in Hole 7 is a milestone for Ximen, marking the first confirmation of significant gold mineralization within the largely unexplored West Zone. The characteristics of Hole 7 — including clay-altered faults and porphyritic rock formations — highlight a unique geological environment, which Ximen considers an ideal target for further exploration. The company plans to continue its efforts with an eighth drill hole, Hole B24-08, from the same site but directed northwesterly to evaluate the continuity and extent of mineralization in this zone.

The Brett Epithermal Gold Project covers approximately 20,043 hectares and is known for its low-sulfidation epithermal-style gold deposits, hosted in the Eocene-age Penticton Group volcanic rocks. Discovered in 1983, the site has a long history of exploration. In the 1990s, a 291-tonne bulk sample was extracted from the surface and sent to the smelter at Trail, BC, yielding an average grade of 27.74 grams per tonne (g/t) gold and 63.7 g/t silver. Ximen’s Brett property includes multiple mineralized zones extending over a two-kilometer strike length, comprising both bulk-mineable and high-grade, bonanza-style deposits.

In 2022, Ximen conducted LiDAR and airborne magnetic surveys across portions of the Brett property. The data gathered from these surveys enabled a detailed interpretation, 3D geological modeling, and refinement of drill targets in preparation for the 2024 drilling campaign. Ximen’s current objective at Brett is to expand the Main Zone to the southeast and at depth and to explore altered zones bordering and running parallel to the Main Zone, with an emphasis on uncovering any previously undetected mineralized areas.

Ximen Mining Corp. holds 100% interest in three precious metal projects in southern British Columbia, including the Brett Epithermal Gold Project and the Amelia Gold Mine. In addition, Ximen owns the Treasure Mountain Silver Project, which is situated near the former Huldra Silver Mine. The Treasure Mountain Project is currently under an option agreement with an external partner who provides funding for development through staged cash and stock payments. Ximen has also acquired the Kenville Gold Mine near Nelson, BC, which includes surface and underground rights, buildings, and equipment, adding further depth to its portfolio of gold assets.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Ximen Mining Corp. (TSXV:XIM) has released preliminary data from its seventh drill hole at the Amelia Gold project in Camp McKinney near Rock Creek, southern British Columbia. This drilling effort is part of the company’s initiative to explore extensions to the historic Cariboo-Amelia gold mine in the Greenwood Mining Division, BC.

The Cariboo-Amelia mine, recognized as BC’s first dividend-paying gold mine, has a notable production history. Over 68 years, it yielded 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes of ore, according to BC Minfile Records. The mine is located within a 4-kilometer network of gold-quartz veins and historical mining operations.

In 2023, Ximen Mining’s drilling focused on the McKinney vein below the eastern end of the historic mine. To date, seven drill holes have been completed, totaling 1,846 meters of NQ sized core drilling. The target vein was intersected in four of these holes (AM23-01, 03, 05, and 07) at depths of 30 to 45 meters below the mine’s lowest level and over a strike length of 150 meters.

The mineralized sections found in these cores range from 0.26 to 0.70 meters in length. They contain a mix of pyrite, sphalerite, galena, and chalcopyrite. Although no visible gold has been identified, the sulphide mineral assemblage mirrors that historically mined from the vein. The cores are set to be analyzed following geological logging and sampling.

Additionally, holes AM23-03, 04, and 05 revealed a second mineralized vein approximately 50 meters south of the main vein, also containing pathfinder minerals. The full extent of this vein is yet to be established.

Other drilling efforts, specifically in holes AM23-02, 04, and 06, aimed at deeper zones, did not intersect the vein. It is suspected that faults similar to those in the upper mine levels, where the vein is slightly displaced to the south, may have affected these areas.

The results suggest the possibility of additional mineable material below the lowest level of the historic mine and in parallel zones.

Ximen Mining Corp. wholly owns three precious metal projects in southern BC, including the Amelia Gold Mine, the Brett Epithermal Gold Project, and the Treasure Mountain Silver Project, which is adjacent to the previously operational Huldra Silver Mine. The Treasure Mountain Silver Project is currently under an option agreement, with the partner responsible for annual payments and project development. Ximen also controls the Kenville Gold mine near Nelson, BC, which includes surface and underground rights, buildings, and equipment.

Highlights from the results are as follows:

Abbreviations: Py: pyrite, Sp: sphalerite, Gn: galena, Cp: chalcopyrite
Note: Reported lengths are core lengths not true widths.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.