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InvestmentPitch Media Video Discusses Ximen Mining's Addition of 49er Creek Gold/Copper/Silver Property and 100% of Saville Resources' Bud Gold/Copper Property to its Extensive Property Portfolio in Southern BC- Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2020) - Ximen Mining (TSXV: XIM) (OTCQ...
About this update from Ximen Mining Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Ximen Mining's Addition of 49er Creek Gold/Copper/Silver Property and 100% of Saville Resources' Bud Gold/Copper Property to its Extensive Property Portfolio in Southern BC- Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - March 4, 2020) - Ximen Mining (TSXV: XIM) (OTCQB: XXMMF) (FSE: 1XMA) continues to add to its extensive property portfolio in Southeastern British Columbia with the purchase of 100% of Saville Resources' Bud Property near Greenwood in southern British Columbia. The 381-hectare property comprises 6 mineral claims and is located 4 kilometers northwest of Greenwood, close to Ximen's property and only 9.5 kilometers from the 200 tonne per day Greenwood mill facility of Golden Dawn Minerals Inc.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/The property is situated within the highly mineralized Boundary District, which includes the Republic district in northern Washington State and the Greenwood Mining Camp in southern British Columbia. The Bud property covers six BC Minfile occurrences, including the past-producing Morrison mine, classified as a copper and gold skarn, which produced 7.15 kilograms of gold, 26.0 kilograms of silver and 10.7 tonnes copper from 2,647 tonnes.Saville previously reported highlights from rock grab sampling conducted in 2018, including 4.57 gpt gold and 6.70 % copper, 4.44 gpt gold and 6.84 % copper, and 1.23 gpt gold and 7.14 % copper. These results demonstrate an association of elevated gold with high copper values, consistent with models for large copper-gold porphyry and related skarn deposits.Ximen paid 388,888 shares with the transaction subject to regulatory approval.Last week, Ximen acquired 100% of the mineral properties of privately owned 49er Creek Gold, which covers approximately 4,276 hectares. The 49er Creek property covers eight BC Minfile occurrences of which four were past producers with production shown in this table. The Gold Hill, Good Hope and Northern Light are vein deposits and the Queen Victoria is a copper-gold skarn deposit. The highest ...