Ximen Acquires 100% Interest - Wild Horse Creek Gold Property - 12,767 Hectares - Cranbrook, BC

About this update from Ximen Mining Corp.

[{"type":"text","content":"Ximen Acquires 100% Interest – Wild Horse Creek Gold Property – 12,767 Hectares – Cranbrook, BCVANCOUVER, BC / ACCESSWIRE / July 06, 2021 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the \"Company\" or \"Ximen\") is pleased to announce that it has acquired several mineral claims in the Wild Horse Creek area, located 15 kilometers northeast of Cranbrook in the Fort Steele Mining Division in southern British Columbia.Property map showing Wild Horse Creek Gold Property near Fort Steele, B.C.Ximen recently acquired a total of 139 mineral claims covering 12,767 hectares near historic Fort Steele, named the Wild Horse Creek property. The Wild Horse Creek property adjoins Ximen's Hughes Range claims (7 claims and one lease, 453 hectares).The land package is covered by two separate Purchase Agreements under which Ximen is required to issue 3,455,000 shares split among the vendors. Additional, all the vendors have entered into voting trust agreements with regards to the shares being issued . In the first Purchase Agreement, a total of 43 mineral claims covering 3,221 hectares was purchased for an aggregate of 1,355,000 common shares of Ximen. Ximen acquired a 100% interest in the claims, subject to a 1.0% net smelter return royalty. In this agreement the vendor consists of 6 individuals.In the second Purchase Agreement, a total of 96 mineral claims covering 9,546 hectares was purchased for an aggregate of 2,100,000 common shares of Ximen. Ximen acquired a 100% interest in the claims, subject to a 1.0% net smelter return royalty with a $1,000,000 buy out. Additional this land packed comes with current exploration permits approved for drilling. The deal also includes transfer to Ximen a total of $189,607 value in Portable Assessment Credits. In this agreement the vendors consist of 4 individuals and 2 private corporations.Core facility with all the previously well preserved core from all the associated properties.The Wild Horse Creek property lies within the Kimberley Gold Trend, a zone that extends southwestward from the Rocky Mountains into the western part of the Purcell Mountains. In 1864 gold was discovered in Wild Horse Creek and the 720 km long trail known as the Dewdney Trail was started to connect Hope with the gold mining community known as Fisherville on Wild Horse Creek. More than 10 million ounc...

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