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Ximen Mining Corp's option partner at Treasure Mountain silver project set to start drilling

In an initial program of rock chip sampling, assays ranged from up to 1.6% copper, 0.87 grams per tonne (g/t) gold and 109 g/t silver on one sample at the Superior (Lucky Todd) prospect

Ximen Mining Corp -
At the Railroad prospect, results ranged up to 1.06% copper and 264 g/t silver in one sample

Ximen Mining Corp (CVE:XIM) has told investors that its option partner New Destiny Mining Corp (CVE:NED) is set to drill at the Treasure Mountain silver property, British Columbia, following encouraging recent sample results.

In an initial program of rock chip sampling, assays ranged from up to 1.6% copper, 0.87 grams per tonne (g/t) gold and 109 g/t silver on one sample at the Superior (Lucky Todd) prospect, the firm said. There was 0.36% copper and 3.99 g/t gold in another.

Meanwhile, at the Railroad prospect, results ranged up to 1.06% copper and 264 g/t silver in one sample, and 0.95 g/t gold, 0.9% zinc and 0.4% lead in another. All were of varying widths between 0.3 metres and 1.5 metres.

In a statement on Wedmesday, Ximen said that New Destiny was now mobilizing a diamond drill rig to further test the Superior (Lucky Todd) and Railroad Creek prospects with scout holes across mineralized zones.

New Destiny is also continuing field exploration at the Jamie Creek area, where previous sampling returning values up to 11.3 g/t gold. Follow-up work could include diamond drilling later in the season if results are positive.

Ximen owns the Treasure Mountain project near Tulameen, which is adjacent to the past-producing Huldra Silver mine, but - as with its Gold Drop project, also in BC - it is held under an option agreement.

The option partners are making annual staged cash and stocks payments as well as funding the development of the projects.

The company recently acquired control of the Kenville gold mine near Nelson, British Columbia and the Amelia gold mine in the center of the McKinney gold camp.

Contact the author at [email protected]

Quick facts: Ximen Mining Corp

Price: 0.36 CAD

TSX-V:XIM
Market: TSX-V
Market Cap: $12.6 m
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