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InvestmentPitch Media Video Discusses Ximen Mining's Receipt of Drill Permit for Amelia Property in Southeastern BC and Non-Brokered Private Placement - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2021) - Ximen Mining (TSXV: XIM) (OT...
About this update from Ximen Mining Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Ximen Mining's Receipt of Drill Permit for Amelia Property in Southeastern BC and Non-Brokered Private Placement - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - October 6, 2021) - Ximen Mining (TSXV: XIM) (OTCQB: XXMMF) (FSE: 1XMA) has received permit approval for exploration drilling on its Amelia Property, which is located near Mt. Baldy in southeastern British Columbia, within trucking distance of a gold processing facility at Greenwood. The general area, originally known as Camp McKinney, is host to fifteen known polymetallic and precious metal quartz vein, skarn and placer mineral occurrences on the 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/1_u4ryeqmf/Ximen-Mining-receives-drill-permit-for-Amelia-Property-in-southeastern-BC-and-announces-non-brokered-private-placementIn October 2020, the company reported results from a total of 34 rock chip grab samples, with 10 of the samples returning significant gold results, as high as 103 grams per tonne, 3 of which also returned significant silver results.The Amelia Multi-Year Area Based permit is for a total of 38 drill sites, with 19 sites approved for this year. Multiple holes can be drilled from each of the sites, so the permit allows for approximately 11,400 meters to be drilled this year out of a total of up to 22,800 metres. Drill holes are planned initially to test at depth below the mine, followed by testing for an extension of the veins to the east.The company announced a non-brokered private placement and plans to raise up to $500,000 from the placement of up to 2.5 million units priced at $0.20 per unit. Each unit consists of one share and one unit with each unit exercisable at $0.35 for a period of 36 months, subject to an acceleration clause. The net proceeds will be used for exploration expenses on the company's mineral properties in British Columbia and for general working capital.Ximen owns 100% of three of its precious metal projects located in southern BC, the Amelia Gold Mine and The Brett Epithermal Gold Project, ...