Ximen Mining Corp (TSX-V:XIM, OTCQB:XXMMF) revealed that it plans to kick off its 2023 exploration program with drilling at the Wild Horse project, near Cranbrook, in southeastern British Columbia.
The Vancouver-based junior precious metals explorer noted that the Wild Horse project covers source areas for the famous historic Wild Horse River placer gold deposit, in British Columbia.
The company said hard rock gold was discovered in this area as early as 1895. In 2015, gold mineralization was found on the Lone 4 claim on Gold Mountain, where gold-bearing quartz veins occur in northeast trending shears and breccias.
In the summer of 2021, that hole was extended and intercepted quartz stockwork and breccia-style mineralization continuing below the end of the 2016 hole. The combined mineralized interval from both holes is 86 meters at an average grade of 0.36 grams per ton (g/t) gold. The results indicate potential for a bulk-minable gold deposit, noted Ximen.
This year, Ximen says it plans to drill in an area where gold was previously panned from overburden samples. Panned concentrates made from the glacial till in the target area produced grains of gold that are generally less than 1 millimeter (mm) in size, with one sample containing 35 grains of gold, it added.
Naturally, Ximen plans to put in the elbow grease required to verify that historical records referred to are accurate.
Ximen Mining owns a 100% interest in three of its precious metal projects located in southern British Columbia. Ximen's portfolio also boasts the Amelia gold mine and the Brett epithermal gold project. Ximen also owns the Treasure Mountain silver project, which is adjacent to the past producing Huldra Silver (TSX-V:HDA) mine. The company has also acquired control of the Kenville Gold mine near the Nelson-Ymir-Salmo area in British Columbia.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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