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InvestmentPitch Media Video Discusses Ximen Mining's Payment of Final $1 Million to Purchase Balance of Gungnir Resources' 4% Gross Metal Royalty on Kenville Gold Mine - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2019) - Ximen Mining (TSXV: XIM) (O...
About this update from Ximen Mining Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Ximen Mining's Payment of Final $1 Million to Purchase Balance of Gungnir Resources' 4% Gross Metal Royalty on Kenville Gold Mine - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - November 5, 2019) - Ximen Mining (TSXV: XIM) (OTCQB: XXMMF) (FSE: 1XMA) made its final $1 million cash payment on the Kenville Gold Mine. Ximen Mining has now purchased the balance of Gungnir Resources' 4% gross metal royalty for a total consideration of $1.7 million.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_bdt78g9n/Ximen-Mining-has-made-its-final-1-million-cash-payment-on-the-Kenville-MineThe 100% owned Kenville Gold Mine, located near Nelson, B.C., is the first recorded underground mine in British Columbia.Work at the Kenville Gold mine site is steadily progressing toward starting the new decline, where it is estimated that 4500 meters of underground drilling will be required to appropriately outline material for a bulk sample of 10,000 tonnes. The grounds and buildings have been cleaned and powered, overburden stripping has been completed at the portal site, which is now ready to start breaking ground for the new portal.A site visit was conducted by the BC Ministry of Environment, who were very positive about the project and the proposed water discharge, requesting some additional information prior to the water discharge permit being issued. Samples collected and analyzed demonstrated good water quality and continuity, with the discharge water clean enough to drink as shown in this video.Christopher R. Anderson, President and CEO, stated: \"Over the years several water bottling companies have proposed and pursued the company for the propose of bottling the Kenville mines water discharge for commercial operations, The water quality more than exceeds BC Drinking Water Quality Guide lines, so I thought I would try it myself, it proved to be a fantastic way to quench my thirst.\"A consulting firm was engaged to analyze the potential for acid rock drainage for waste rock from the new underground drive. Samples of...