logo-loader

Ximen Mining finds new target at Brett property

Published: 16:15 28 Apr 2015 BST

canada_globe_350_553fa43de9e3a

British Columbia-focused Ximen Mining (CVE:XIM) says it has found a 500m (metre) by 250 metre anomaly  at the  Brett Gold project, which it aims to follow up.

The find remains open to the north, the firm said, and is parallel to and located 1 km to the northeast of the Main Zone. 

It comes after last year's biogeochemical survey to identify targets that may be under glacial cover and within the broad and strong magnetic low, northeast of the Main zone. 

Ximen chief executive Chris Anderson said: "This new biogeochemical anomaly is a high priority for follow-up in 2015. 

"As we continue to evaluate all the results of 2014 work, I expect additional high quality targets to emerge for drill testing."

Samples were collected at 50 m samples on 50 m spaced grid lines over the mag-low anomaly, using an offset sampling pattern on adjacent grid lines. 

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

5 minutes ago