Business
Ximen's Mining Update, Drill Test of Geophysical Anomaly - Intersected over 235 metres of Magnetite Mineralization - Gold Drop Property - Greenwood BC
VANCOUVER, BC / ACCESSWIRE / December 6, 2019 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQ...
About this update from Ximen Mining Corp.
[{"type":"text","content":"Ximen’s Mining Update, Drill Test of Geophysical Anomaly - Intersected over 235 metres of Magnetite Mineralization - Gold Drop Property - Greenwood BCVANCOUVER, BC / ACCESSWIRE / December 6, 2019 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the \"Company\" or \"Ximen\") is pleased to announce that its option partner GGX Gold Corp. provided an update on the last drill hole at the Gold Drop property in the Greenwood Mining Camp.Following an intensive drilling campaign on the C.O.D veins, the last hole drilled on the Gold Drop property in 2019, Hole AMT19-01, tested a large audio magnetotelluric (AMT) geophysical anomaly that was identified on the property by Earth Science Services Corporation of Oshawa, Ontario (ESSCO). The anomaly is interpreted as a pipe-like structure that measures 1834 by 1377 metres in width. For more information about this anomaly, see the video posted on the GGX website.Hole AMT19-01 was competed on October 21 at a depth of 718.8 metres (2,358 feet). The hole intersected calc-silicate alteration (patches of epidote-calcite-garnet) and disseminated magnetite mineralization starting at 479 meters depth. The magnetite mineralization continues to 714.8 metres depth, for a total mineralized interval of over 235 metres. Magnetite varies in abundance, being strongest within greenstone and weakest in cherty host rocks (and absent in rhyolite and porphyry dikes). Magnetite was not detected in only the last 4 metres of the hole, which passed through cherty argillite and a 1 metre thick porphyry dike. This last 4 metres could be just a weakly mineralized interval. Minor iron sulphide mineralization (pyrite and pyrrhotite) was observed between 699.4 and 714.8 metres depth, possibly indicating a gradation to sulphide mineralization at depth.The first appearance of strong magnetite mineralization at 479 meters closely corresponds to the predicted start of the modeled anomalous zone (the start of the zone was predicted at 441 metres depth by ESSCO) so it appears the magnetite mineralization is related to the source of the geophysical anomaly.Location of hole AMT19-01 within geophysical anomaly (red) and location of C.O.D. veins (green).The origin of the magnetite mineralization remains unexplained. It's style of occurrence and association with calc-silicate alteration suggests a hydrothermal genesis, pos...