Ximen Mining Corp (TSX-V:XIM, OTCQB:XXMMF) told investors that it has carried out an airborne LIDAR survey this field season over the northern part of its Nelson property in British Columbia (BC), covering historic gold mines.
A total of 36.4 square kilometers (sq km) were flown by helicopter covering the Kenville, Star, Venus - Juno, and California properties, Ximen said.
At Kenville, Ximen is in the permitting stage for new underground development after drilling between 2008 and 2012 identified several new gold-bearing veins. Detailed drilling is required to adequately define the veins and grade continuity.
Elsewhere, the Venus-Juno mine is being permitted for surface drilling by Ximen to test for vein extensions. A grab sample in 2020 contained 9.04 grams per tonne (g/t) gold, 72.8 g/t silver and 1.27% copper.
READ: Ximen Mining completes airborne LiDAR and magnetic surveys at Brett gold project in British Columbia
Ximen said the California mine has been permitted by the company for surface drilling in a bid to test an area of the California vein above the historic mine level No. 3 where historic sampling indicates the vein averages 25.57 g/t gold over 91 metres (m) with vein widths of between 0.9m and 1.5m.
Finally, at the Eureka and Star mines, a total of 94 diamond drill and reverse circulation (RC) holes (15,741m) were drilled between 1933 and 2011 which resulted in significant gold-copper intercepts, indicating potential for a bulk-mineable deposit.
Ximen said it has applied for a permit to do surface drilling and is actively exploring this area with geochemical surveys and a modern Induced Polarization/Resistivity geophysical survey.
"An exploration camp is also being prepared for use during the next drill season. The 2022 LIDAR survey results will be used to provide a detailed topographic base and to help identify fault structures," Ximen said in a statement.
Ximen Mining owns 100% interest in three of its precious metal projects in southern BC. The two gold projects are the Amelia gold mine and the Brett epithermal gold project. It also owns the Treasure Mountain silver project, which is adjacent to the past-producing Huldra Silver mine.
Currently, Ximen's Treasure Mountain silver project is under an option agreement. The option partner is making annual staged cash and stock payments as well as funding the development of the project.
Ximen has also acquired control of the Kenville Gold mine near Nelson, British Columbia which comes with surface and underground rights, buildings and equipment.
Contact the writer at giles@proactiveinvestors.com