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Ximen Mining expands its ground in Nelson and Camp McKinney gold camps, BC

The California Nelson Gold claim is valid until 2025 and there are no underlying royalties on either property

Ximen Mining Corp -
Ximen paid cash of C$30,000 and granted shares equivalent to C$50,000 for the new ground

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) has expanded its footprint in the Nelson and Greenwood areas of British Columbia with the acquisition of new claims. 

The Vancouver-based firm has bought 100% interests in the California Gold Nelson mineral claim in the Nelson camp, and the CMM mineral claim in the Camp McKinney gold camp from a private individual, it said in a statement. 

READ: Ximen Mining planning bulk sample this year at historic Kenville gold mine and diamond drilling at Brett

The California Gold Nelson mineral claim covers the historic California mine, exploited last century, which lies 6.5 km east southeast of Ximen's Kenville Gold mine.

Several veins have been identified, including the California vein which extends over 600 metres along strike. The mine was developed on three levels and from 1910 to 1949, generated 2,258 ounces of gold, 3,942 ounces silver, 19,5 tonnes zinc, and 8.1 tonnes lead from 1,454 tonnes.

Meanwhile, at Camp McKinney, the addition of mineral claim 1073936 further consolidates Ximen's holdings around the historic Caribou-Amelia gold mine, it said in Tuesday's statement.

The California Nelson Gold claim is valid until 2025 and there are no underlying royalties (NSR's) on either property. Ximen paid cash of C$30,000 and granted shares equivalent to C$50,000.

Surface and underground rights

Ximen last year acquired control of the Kenville Gold mine near Nelson, which comes with surface and underground rights, buildings and equipment.

The mine reportedly produced 65,236 oz gold from 158,842 tonnes processed, and 27,686 ounces of silver intermittently between 1889 and 1956.

Meanwhile, the Amelia gold mine was British Columbia's first dividend-paying lode gold mine and was mined intermittently from 1894 to 1962 and recovery included 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead and 198,140 pounds of zinc.

Contact the author at [email protected]

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Price: 0.45 CAD

Market: TSX-V
Market Cap: $21.85 m

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