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Ximen Mining reports on more encouraging drill results from partner at Gold Drop

Significant assay results were obtained in five of eight holes, the firm reported

Ximen Mining Corp -
One hole showed an intersection of 0.40 m at 35.60 grams per ton gold, the company said

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) told investors Tuesday that its optionee GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) had reported more drill results from a number of holes at the Gold Drop project in British Columbia, which continue to confirm potentially economic mineralization in the COD vein. 

Significant assay results were obtained in five of eight holes, the firm reported.

READ: Ximen Mining says partner GGX hits magnetite at Gold Drop with drill test

One hole showed an intersection of 0.40 metres (m) at 35.60 grams per ton gold (g/t), 180 g/t silver and 251 g/t tellurium.

Another highlight was 0.29 m at 50 g/t of the yellow metal and 501 g/t silver and 358 g/t tellurium, while another hole had 0.50 m at 116 g/t gold, 1,205 g/t silver and over 500 g/t tellurium.

It comes after last week, the group updated on the progress of its first hole at Gold Drop project, which is testing a large, deep geophysical anomaly, and which has hit mineralization.

As reported previously, the structure was identified by air by Earth Science Services Corporation of Oshawa, Ontario (ESSCO) and is interpreted to be a pipe-like structure that measures 1,834 m by 1,377 m in width.

As at October 19, the hole had reached 658 m depth, said GGX, and after the first few hundred meters, mineralization was hit.

Contact the author at [email protected]

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Price: 0.59 CAD

Market: TSX-V
Market Cap: $35.81 m

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