Ximen Mining Corp (TSX-V:XIM, OTCQB:XXMMF) said it has acquired the Perry Creek gold property consisting of eight claims covering 608.7 hectares, located approximately 22 kilometres (km) west of Cranbrook in southeastern British Columbia (BC).
In a statement, Christopher R. Anderson, Ximen president, CEO and director commented: “We are thrilled to announce the acquisition of the Perry Creek gold property, a significant addition to Ximen's portfolio. The presence of multiple gold occurrences and the property's location within the Kimberley Gold Trend highlight its tremendous potential."
He added: "We are committed to conducting thorough exploration and verification work to unlock the true value of this property and further advance our goal of discovering and developing high-grade gold deposits. Ximen is excited about the opportunities that lie ahead on the Perry Creek claims."
The Perry Creek claims were acquired 100% from an independent vendor and are situated less than 1 km southwest of Ximen's Quartz Mountain property. There are five known mineral occurrences on the Perry Creek property, four of which are primary gold occurrences.
Historical records indicate the area was originally explored in 1915 with programs of trenching and drifting on several shafts on the Homestake claim group, which covered the Columbia and Homestake occurrences. Past workings at the Columbia occurrence consisted of the Scorgie tunnel and Columbia shaft, with attendant open-cuts.
Perry Creek is the site of modern and historic placer gold workings, and lies within the Kimberley Gold Trend, which covers placer gold deposits on the Wild Horse River, Perry Creek and the Moyie River. Placer operations still continue on Perry Creek. The Kimberley Gold trend is marked by the St. Mary's and Moyie faults cross-orogen faults and overlies the Vulcan basement tectonic zone which likely influenced structural development and fluid flow during Jurassic and Cretaceous folding, faulting and intrusion.
Ximen said it plans to relocate and sample the historic workings and conduct geochemical and geophysical surveys prior to trenching and/or drilling to further test the extensive gold-bearing vein and shear zones. An initial filed examination was conducted recently, it noted.
Ximen Mining owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects are The Amelia Gold Mine and The Brett Epithermal Gold Project. The company has also acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.
Ximen also owns the Treasure Mountain Silver Project adjacent to the past-producing Huldra Silver Mine, which is currently under an option agreement.
Contact the author at jon.hopkins@proactiveinvestors.com