Ximen Mining Corp. (CVE:XIM) on Friday released analytical results from prospecting samples collected at its properties near the Kenville gold mine at Nelson in British Columbia (BC)
The company said the rock samples tested were collected last season on claims surrounding the company's mine. Approximately one week was spent examining the main showings in the Nelson area, and a total of 18 rock chip grab samples were collected.
Results were obtained for nine samples to date, four of which returned significant gold results, with two also significant in copper and silver. The highest value was obtained from the Venus showing at 9.04 grams per tonne (g/t) gold, 72.8 g/t silver, and 1.27% copper.
READ: Ximen Mining secures term sheet to finance Kenville gold mine
The sample results are shown in the following table:
Gold Silver Copper Nearby Quartz type Sample
g/t. g/t % Showing
9.04 72.8 1.27 Venus Vein float D0004152
8.81 0.26 n/a Oro Fino Vein float D0004162
3.99 1.88 n/a Pingree Vein float D0004155
1.76 41 1.01 Josie Vein outcrop D0004154
Between 1900 and 1941, the historic Venus and Juno mines produced 3,444 ounces gold, 3,070 ounces silver plus minor lead and copper from 5,411 tonnes mined. Calculated grades are 19.8 g/t gold and 17.6 g/t silver.
Quartz veins are mineralized with pyrite and minor galena and sphalerite. The veins vary from a few centimetres to over one metre in width, and locally occur as quartz stringers in sheared rock. Two main veins were mined: the Venus vein and the Juno vein, which is oriented almost at right angles to the Venus vein.
The Oro Fino is located just over 1 kilometre east of the Kenville mine, and the mineralization at Oro Fino is similar to that at the Kenville mine. A 0.15-metre-wide vein is documented on the reverted Evening Star Crown grant that has the same attitude as the Kenville veins, indicating that the Kenville vein system possibly continues onto the Oro Fino property. The 2020 sample was collected from quartz float near a pit on the reverted Evening Star Crown grant.
The Pingree showing is situated near the headwaters of Eagle Creek, southwest of the Eureka mine, and 3.8 km south of the Kenville mine. The Pingree showing is documented as a 0.3- to 1.2-metre-wide quartz vein. Quartz float was sampled in 2020.
The Josie showing is situated about 1 km southwest of the Kenville mine. An east-west-striking quartz vein approximately 10 metres in width, hosted by pseudodiorite and mineralized with chalcopyrite is documented in the BC Minfile. The Minister of Mines annual report for 1899 records an assay from this property as 5%copper, 240 grams per tonne silver and 15 grams per tonne gold. The 2020 sample was collected from a quartz vein 0.15 metre thick that strikes 40 degrees and dips 40 degrees southeast.
Results for the remaining nine samples are pending. In the meantime, Ximen will apply for permits for exploration on the properties surrounding the Kenville mine. Planned activities will include geological and geochemical surveys, ground geophysics, trenching, and surface diamond drilling.
The company is proceeding with its plan to develop the Kenville mine, which it recently acquired 100% control of, with permitting for new underground mine development expected to be finalized this spring.
Ximen also owns a 100% interest in three other precious metal projects located in Southern British Columbia. It has two gold projects, the Amelia gold mine and the Brett epithermal gold project.
The company also owns the Treasure Mountain silver project adjacent to the past-producing Huldra Silver mine. Currently, the Treasure Mountain silver project is under a option agreement. The option partner is making annual staged cash and stock payments, as well as financing the development of the project.
Contact the author at jon.hopkins@proactiveinvestors.com