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Ximen Mining to kick off 2020 season with exploration at Providence property in Greenwood camp

Earlier this week, Ximen outlined broad-brush exploration plans for the Canadian province this summer

Ximen Mining Corp -
Ximen has identified a mine dump near a previous mine, where a sample returned 3.87 grams per tonne of gold

Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) has told investors it is aiming to start exploration at its Providence property in the Greenwood mining camp in British Columbia (BC) next week.

Earlier this week, the group outlined its broad-brush exploration plans for the Canadian province this summer season, saying drilling in some areas was expected to start next month.

READ: Ximen Mining outlines exploration plans for British Columbia; drilling poised to start in June

At Providence, work is set to include rock sampling, trenching and diamond drilling, the firm said in a statement on Wednesday.

Ximen's project surrounds the historic Providence mine, which operated intermittently between 1893 and 1973 and generated  5,884 ounces of gold, over 1.3 million ounces of silver, 183 tonnes of lead and 118 tonnes of zinc.

Ximen has identified a mine dump near the previous mine site, where a sample returned 3.87 grams per tonne (g/t) gold and 100 grams per tonne (g/t) silver.

The firm noted that it recently compiled all historic data for the property and has identified targets for follow-up exploration for gold-silver veins and skarn gold-copper deposits.

Ximen owns the Amelia gold mine and Brett epithermal gold project. It also has the Treasure Mountain silver project adjacent to the past producing Huldra Silver Mine under an option agreement. The  firm has recently also acquired control of the Kenville Gold mine near Nelson, in BC.

Shares in Toronto nudged up over 3% to stand at C$0.48 each.

Contact the author at [email protected]

Quick facts: Ximen Mining Corp

Price: 0.68 CAD

Market: TSX-V
Market Cap: $35.01 m

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