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InvestmentPitch Media Video Discusses Ximen Mining's Plan to Open the Kenville Gold Mine Including Underground Drilling and Bulk Sample - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2019) - Ximen Mining (TSXV: XIM) (OTCQB...
About this update from Ximen Mining Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Ximen Mining's Plan to Open the Kenville Gold Mine Including Underground Drilling and Bulk Sample - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - July 3, 2019) - Ximen Mining (TSXV: XIM) (OTCQB: XXMMF) (FSE: 1XMA) is activating the existing exploration permit at the recently acquired Kenville Gold Mine for 1,200 meters of underground development and 20,000 meters of diamond drilling. The Kenville Gold Mine, located near Nelson, British Columbia, is the first recorded underground mine in British Columbia, having started production in 1890 and mined into the 1950's.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 historical production records show 65,381 ounces gold produced from 158,842 tonnes milled, for a recovered grade of 12.8 grams per tonne (0.37 ounce per ton) gold. The mine was a track mine, utilizing a conventional room and pillar style of stope mining for narrow vein extraction, with jacklegs and slushers used for mining. The host rock is a very competent granodiorite and the historical areas of the mine remain open without ground support. The Kenville gold deposit consists of multiple, gold-silver bearing quartz veins hosted by diorite. Between 2007 and 2008, 13,000 metres of diamond drilling was conducted that targeted previously un-tested areas southwest of the historic mine, and detailed sampling was conducted within the mine on the 257 Level. Based on the mine sampling and drill hole information available at the time, new zones of gold mineralization were identified, and in 2009 a historic Mineral Resource Estimate was prepared showing 24,624 tonnes Measured and Indicated containing 16,289 ounces gold and 522,321 tonnes Inferred containing 356,949 ounces gold. Ximen is not treating this historical estimate as current mineral resources or mineral reserves.After the resource estimate was made, an additional 14,106 metres of surface diamond drilling was conducted between 2009 and 2012, which intersected a new vein system in the areas south and west of the existing mine. Several holes in...