Ximen Mining Corp (CVE:XIM) (OTCQB:XXMMF) (FRA:1XMA) said it has completed its airborne geophysical survey of the Providence and Bud-Elk properties, part of the historic mining camps at Greenwood, British Columbia.
The company said the survey results, which are expected to outline conductive bodies related to massive sulphide occurrences, should be delivered within weeks and will be used to guide Ximen’s 2021 exploration programs.
Ximen noted that its Providence property covers several mineral occurrences and historic mines including the Freemont mine, where 2020 sampling returned values of 435 grams per tonne (g/t) silver and 4.4 g/t gold. The property also contains massive sulphide mineralization that previously assayed 0.23% copper and 3.4 g/t silver.
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The company said drilling in 2020 on its ground adjoining the historic Providence mine intersected 178 g/t silver over 0.7 meters, which it said suggests a possible extension of the Providence deposit onto Ximen's property.
Ximen's Bud-Elk property, meanwhile, covers the historic Morrison mine, which produced 7.15 kilograms (kg) of gold, 26.0kg of silver and 10.7 tonnes copper from 2,647 tonnes mined. The property also lies 500 metres from the historic Motherlode mine, which produced 21,405,520 grams (g) of silver, 5,390,837g gold, and 34,915,323kg of copper from 4,245,875 tonnes mined.
The company also said porphyry copper-gold mineralization occurs at the Buckhorn and Moreen showings on the Bud-Elk property, as demonstrated by results from previous owners including 45 metres grading 0.57% copper and 0.40 g/t gold from trenching at the Buckhorn, and 32 metres grading 0.23% copper and 0.12 g/t gold at the Moreen.
Ximen Mining is a junior precious metals explorer with assets in prolific gold camps in southern British Columbia.
The company has an acquisition option on the former Kenville gold mine, which produced 65,236 ounces of gold, and 27,686 ounces of silver intermittently between 1889 and 1956.
Ximen has been expanding its footprint in the area via several claim groups near Kenville and last June reported that its total land package in the Nelson-Ymir-Salmo area since first acquiring Kenville in early 2019 stood at 19,582 hectares.
Kenville was formerly known as the Granite-Poorman mine and lies 7 kilometres (km) west of the town of Nelson in the West Kootenay region.
Contact Sean at sean@proactiveinvestors.com