Business
InvestmentPitch Media Video Discusses Ximen Mining's Acquisition of 100% of Several Historic Gold-Silver Mines and Prospects near Ymir in Southern British Columbia - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - June 8, 2020) -  Ximen Mining (TSXV: XIM) ...
About this update from Ximen Mining Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Ximen Mining's Acquisition of 100% of Several Historic Gold-Silver Mines and Prospects near Ymir in Southern British Columbia - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - June 8, 2020) -  Ximen Mining (TSXV: XIM) (OTCQB: XXMMF) (FSE: 1XMA) continues to grow its land package in southern British Columbia. The company has acquired 100% in a property covering several historic gold-silver mines and prospects near Ymir in southern British Columbia. The new property consists of 11 mineral claims covering approximately 1,600 hectares.Cannot view this video? Visit:http://www.investmentpitch.com/video/0_ah7vjhuh/Ximen-Mining-continues-to-grow-its-land-package-in-southern-British-ColumbiaFor more information, please view the InvestmentPitch Media \"video\" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Ximen\" in the search box.The property covers the Protection (Goodenough), Blackcock, Arizona, Ymir-Good Hope, Commodore and part of the Ymir historic mines. The claims also cover 4 other known prospects with similar styles of mineralization including the Ymir Belle prospect from which a small amount of production was recorded.The new property also covers a tailings deposit from the historic Wilcox Mine, a small, high-grade gold producer with a mill that processed about 14,555 tonnes of ore between 1900 and 1940. In 2005, the resource potential of the tailings deposit was estimated in a report titled \"Wilcox Mine Tailings - Gold Resource Evaluation\". The average grade of the tailings deposit was estimated at 3.09 grams per tonne gold, based on multiple assays of samples collected on a grid pattern, with tonnage estimated at 12,387 tonnes, based on depth and specific gravity measurements. The in-situ gold potential was estimated as 1,230 ounces of gold, with an average gold recovery rate of 80% projected based on available metallurgical test results. Management cautions that Ximen Mining is not treating this historical estimate as current mineral resources or mineral reserves.The company also acquired an additional 5 mineral claims, from the same vendor, covering approximately 589 hectares in the Hall Creek area which connect Ximen's Rozan and Stewart prope...