| Vancouver, B.C., February 12, 2021 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) is pleased to announce results from prospecting samples collected at its properties near the Kenville Gold Mine, Nelson, British Columbia. |
 Image of historic Venus mine longitudinal section showing mine levels and areas mined. |
Analytical results were received recently from rock samples collected last season on claims surrounding the company’s Kenville Mine near Nelson, BC. 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 9 samples to date, four of which returned significant gold results, with two also significant in copper and silver (see table below). |
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The highest value was obtained from the Venus showing. 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 grams per tonne gold and 17.6 grams per tonnes silver. Quartz veins are mineralized with pyrite and minor galena and sphalerite. The veins vary from a few centimetres to over 1 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. |
 Photo of quartz float at Oro Fino prospect. |
The Oro Fino is located just over 1 km 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 (see photo above). |
 Photo looking south at quartz vein outcrop showing malachite staining. Vein is mineralized with pyrite and chalcopyrite, from the Josie showing about 1.5 km southwest of the Kenville Gold Mine. |
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 per cent copper, 240 grams per tonne silver and 15 grams per tonne gold. The 2020 sample was collected from a quartz vein 0.15 meters thick that strikes 040 and dips 40 southeast. Results for the remaining 9 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. Ximen is proceeding with its plan to develop the Kenville mine, with permitting for new underground mine development expected to be finalized this spring. Analyses disclosed in this release were conducted by ALS Global – Geochemistry Analytical Lab in North Vancouver, BC, Canada. ALS is an independent, fully accredited commercial laboratory. Gold was determined by the fire assay method using a 50-gram sample weight and ICP finish, with over-limits checked using a 50-gram sample weight and gravimetric finish. Other metals were analyzed as part of a 48-element package using a four-acid digestion and determination by ICP-MS. Over-limits for silver were determined by the fire assay method using a 50-gram sample weight and ICP finish, and over limits for silver, lead, zinc and copper by specific four-acid digestions with ICP-AES finish for high grade materials. Readers are cautioned that historical information including the assay and production results referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate. Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release. On behalf of the Board of Directors,  Christopher R. Anderson, President, CEO and Director office@ximenminingcorp.com +1 (604) 488-3900 Investor Relations: Sophy Cesar 604-488-3900 ir@XimenMiningCorp.com |
