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InvestmentPitch Media Video Discusses Ximen Mining's Acquisition of 100% of Wild Horse Creek Gold Property in Fort Steele Mining Division, Southeastern British Columbia - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - Ximen Mining (TSXV: XIM) (OTCQB...
About this update from Ximen Mining Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Ximen Mining's Acquisition of 100% of Wild Horse Creek Gold Property in Fort Steele Mining Division, Southeastern British Columbia - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - Ximen Mining (TSXV: XIM) (OTCQB: XXMMF) (FSE: 1XMA) continues to add to its extensive portfolio of precious metals properties in British Columbia. In its latest acquisition, the company acquired 100% of several mineral claims in the Wild Horse Creek area, located 15 kilometers northeast of Cranbrook, in the Fort Steele Mining Division in southeastern British Columbia.For 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.Cannot view this video? Visit:http://www.investmentpitch.com/video/1_74o0ozwa/Ximen-Mining-acquires-100-of-Wild-Horse-Creek-Gold-Property-near-Cranbrook-BCThe Wild Horse Creek property, which consists of two separate packages totalling 12,767 hectares, is located near Fort Steele and borders Ximen's 453-hectare Hughes Range claims. The land package is covered by two separate purchase agreements under which Ximen is required to issue 3,455,000 shares, split among several venders, which have all entered into voting trust agreements.In the first purchase agreement, Ximen acquired a 100% interest in a total of 43 mineral claims covering 3,221 hectares, subject to a 1.0% NSR. Ximen paid 1,355,000 shares to 6 individuals. In the second purchase agreement, Ximen acquired a 100% interest in a total of 96 claims covering 9,546 hectares, subject to a 1.0% NSR with a $1,000,000 buy out. Ximen paid 2,100,000 shares to 4 individuals and 2 private corporations. This land package came with current exploration permits approved for drilling along with a transfer to Ximen of a total of $189,607 in Portable Assessment Credits. The Wild Horse Creek property lies within the Kimberley Gold Trend, a zone that extends southwestward from the Rocky Mountains into the western part of the Purcell Mountains. In 1864 gold was discovered in Wild Horse Creek and the 720 km long trail known as the Dewdney Trail was started to connect Hope with the gold mining community known as Fis...