Ximen Mining Further Expands Footprint at Greenwood Camp, Canada
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Ximen Mining Corp said it continues to increase its ground in the famous Greenwood mining camp in British Columbia (BC) having bought mineral properties throughout the past two months in the area and recently staked another three claims, which adjoin its Amelia gold mine property.
One claim covering 42.3 hectares was purchased from an individual west of Amelia, while two claims spanning 1,500.7 hectares were acquired through the BC mineral tenure online system.
The new claims cover occurrences at Pictou, Stan, Elk, Ho and Jolly Creek Chrome, said Ximen, highlighting that official data showed that Pictou covers a 6 meter wide shear zone from which values up to 209 grams per tonne (g/t) silver have been obtained historically.
The Greenwood mining camp has a long and illustrious history, having produced 1.4 million ounces of gold, 10 million ounces of silver and 0.7 billion pounds of copper.
Also in Friday’s statement, Ximen said it recently closed, in two tranches, the private placing announced on June 19 for gross proceeds of C$2 million
It issued over 4.4 million units at a price of C$0.45 per unit, consisting of one share and one transferable share purchase warrant. Each warrant allows the holder to purchase, for 24 months, one additional share an exercise price of C$0.75 each.
Net proceeds will be used for exploration expenses on the company’s British Columbia mineral properties and general working capital, it said.
Source: Proactive Investors
About Ximen Mining
Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects located in southern BC. Ximen`s two Gold projects are The Gold Drop Project and The Brett epithermal Gold Project. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing Huldra Silver Mine. Currently both the Gold Drop Project and the Treasure Mountain Silver Project are under option agreements. The option partners are making annual staged cash and stocks payments as well as funding the development of these projects.
Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A1W2EG
To stop by Ximen’s website, CLICK HERE
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