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ximen mining corp (XIM) Snapshot

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05/13/14 - C$1.38
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ximen mining corp (XIM) Details

Ximen Mining Corp. is engaged in the acquisition, exploration, development and evaluation of precious metal properties in British Columbia, Canada. It has 100% interests in the Gold Drop Property that is located to the northeast of downtown Greenwood; the Brett Gold Project, which is located in the North Okanaganregion of Southwest British Columbia; and the reasure Mountain property located to the east of Hope. The company was formerly known as Elm Tree Minerals Inc. and changed its name to Ximen Mining Corp. in September 2013. Ximen Mining Corp. was founded in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

ximen mining corp (XIM) Top Compensated Officers

Chief Financial Officer, Secretary, Director ...
Total Annual Compensation: C$15.0K
Compensation as of Fiscal Year 2013.

ximen mining corp (XIM) Key Developments

Ximen Mining Corp. Signs Option Agreement with North Bay Resources Inc. to Acquire Bouleau Property

Ximen Mining Corp. announced that it has signed an option agreement with North Bay Resources Inc. to acquire the Bouleau property which is adjacent to the Company's Brett property located near Vernon, BC. The option allows the Company to acquire a 100% interest in 2,045 contiguous hectares with no NSR or work commitments. The majority of the claims are in good standing until 2018. The property covers highly prospective ground indicated by RGS geochemical results and heavy mineral sampling results from various operators working in the area in the late 1980's and early 1990's. The property includes a variety of precious metals mineral occurrences including the Boul (MinFile 082L-SW069), Siwash (MinFile 082L-SW046) and Wedge (MinFile 082L-SW073) instrusive-hosted low sulphidization epithermal Au-Ag quartz carbonate vein prospects occurrences.

Ximen Provides Update of Activities on the Gold Drop Property Near Greenwood

Ximen provided an update of activities on the Gold Drop property near Greenwood. On the southern (Gold Drop) portion of the vein system, a vein with coarse visible gold has been discovered in outcrop. Trenching will attempt to trace this vein to the southwest, beyond the limits of any historical surface or underground exploration. Results are pending for samples collected from this new discovery. Trenching is continuing to expose the Gold Drop-North Star vein system for systematic representative sampling, with the objective of identifying select areas along the structure for an upcoming bulk sample program. Initial work has focused on the northern (North Star) portion of the system, which has been traced intermittently on surface for a strike length of 315 meters. Several historic prospect pits and shallow exploration shafts are located along this northern part of the vein system. Ximen is attempting to expose the vein by excavator trenching in the vicinity of these historic prospect workings, and in areas between the old pits, where the depth of overburden was prohibitive for the historic workers. Where the current excavator cross-cut trenching exposes the vein and the vein is attractive in mineralization and true thickness, trenching is being done along the strike of the vein. To date, one trench has exposed the vein continuously along strike for 40 meters. In this exposure, the vein varies in true width from several 10's of centimeters up to 2 meters. It is a massive low-sulfide quartz vein, with local patchy galena, chalcopyrite and possible tellurides. Results are pending for channel samples collected across the width of the vein in this trench. Results are also pending for samples collected from historic vein exposures in this portion of the North Star vein.

Ximen Mining Corp. Identifies Three Prominent, Previously Unknown Structural Trends on Brett Gold Project, Vernon, BC

Ximen Mining Corp.'s 2014 work program on the Brett property near Vernon, B.C. continues to advance, with new discoveries and new interpretations that suggest greater up-side potential to the property than previously recognized. The ground magnetometer/VLF-EM survey (70 line km) by Scott Geophysics is complete and has identified three prominent, previously unknown, northeast-striking structural trends, two of which are in the area of the Main Shear Zone, the historical center of exploration activity. The other is proximal to the Gossan Zone, 1 kilometer to the northwest of the Main Shear Zone. The Gossan Zone is a zone of very strong alteration, at least 350 m x 50 m in extent, which is open in all directions and has had minimal previous exploration. To the west of the surface expression of the Gossan Zone, is a large magnetic low feature, which is interpreted to represent an area of magnetite-destructive alteration related to the hydrothermal system, was identified by the geophysical survey. There is no outcrop in the vicinity of the mag-low feature, and it is a priority target for follow-up.


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