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InvestmentPitch Media Video Discusses Ximen Mining's Addition of 100% of Emgold's Rozan and Stewart Properties to its Extensive Property Portfolio in Southern BC - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2020) - Ximen Mining (TSXV: XIM) (...
About this update from Ximen Mining Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Ximen Mining's Addition of 100% of Emgold's Rozan and Stewart Properties to its Extensive Property Portfolio in Southern BC - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - February 27, 2020) - Ximen Mining (TSXV: XIM) (OTCQB: XXMMF) (FSE: 1XMA) continues to add to its extensive property portfolio in Southeastern British Columbia with the acquisition of 100% of Emgold Mining's (TSXV:EMR) Rozan and Stewart properties, located near Nelson in southern British Columbia. The 1,950 hectare Rozan property is located 8 kilometers southeast of the Kenville Property, with the 5,789 hectare Stewart property located 20 kilometers southeast of the Kenville Property.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/0_majxzoi4/Ximen-acquires-Emgolds-precious-and-base-metal-properties-in-British-ColumbiaExploration by Emgold and others on Rozan had identified several gold targets and the mineralized structures found at the Kenville mine appear to trend southeast onto the Rozan Property. Emgold completed 18 diamond drill holes totaling 1,907 meters that resulted in a number of significant gold intercepts. Gold is associated with quartz sulphide veins and sheeted stockwork quartz veining with potential existing for both high grade vein and bulk disseminated gold mineralization.The Stewart Property has known occurrences of gold, silver, molybdenum, and tungsten. A total of 103 diamond drill holes totaling 13,737 meters have been drilled on the property, most of which targeted molybdenum and tungsten. Significant intercepts were obtained for molybdenum and gold, with potential existing for high grade vein and disseminated gold deposits, and for base metal deposits associated with porphyry intrusions and related breccia pipes.Ximen paid $100,000 and issued 1,275,000 shares along with 1,275,000 warrants exercisable at $0.45 for 3 years, increasing to $0.55 in years 4 and 5. As part of the transaction, Emgold will transfer approximately $943,000 in B.C. Portable Assessment Credits related to previous exploration on the ...