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Ximen Mining continues to advance historic Kenville gold project with refurbished portal

The mine in the Nelson camp reportedly produced 65,236 ounces of gold and 27,686 ounces of silver between 1889 and 1956

Ximen Mining Corp -
"Preparation of the rock face and installation of steel and timber sets will be done prior to placement of the portal culvert," the firm said

Ximen Mining Corp (CVE:XIM) (OTCQB:XXMMF) is continuing its advancement of the historic Kenville gold mine project in British Columbia, and has said it is on track to install a new culvert at the refurbished 257 portal.

The company is currently refurbishing the existing portal at the site, which will allow it to access the mineralized areas outlined in the resource estimate released in 2009.

READ: Ximen Mining gets green light for surface drilling program at Brett gold-silver property in British Columbia

The mine in the Nelson camp reportedly produced 65,236 ounces of gold and 27,686 ounces of silver between 1889 and 1956.

In a statement on Friday, Ximen said the final excavation at the portal was now underway.

"Preparation of the rock face and installation of steel and timber sets will be done prior to placement of the portal culvert. After the culvert is installed, the overburden will be backfilled around the portal culvert. After that has been completed the mine services (air and water lines) can be installed and connected to the underground workings," it added.

Ximen Mining owns 100% interest in three of its precious metal projects located in southern British Columbia. Its two gold projects are the Amelia mine and the Brett epithermal asset. Ximen also owns the Treasure Mountain silver project adjacent to the past-producing Huldra Silver mine.

Shares in Toronto nudged up 1.67% to C$0.61 each.

----Updates for share price rise---

Contact the author at giles@proactiveinvestors.com

Quick facts: Ximen Mining Corp

Price: 0.465 CAD

TSX-V:XIM
Market: TSX-V
Market Cap: $28.22 m
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Ximen Mining adds to their Greenwood Mining district by acquiring additional...

Ximen Mining (CVE: XIM- OTCQB: XXMMF) President and CEO Chris Anderson joined Steve Darling from Proactive with news the company has staked additional claims near their Greenwood mining Project. Anderson also talked about all the work that has been done so far on their Kenville Gold mine...

on 29/7/20

2 min read