logo-loader
MiningGeneral mining & base metals
Ximen Mining Corp

Ximen Mining's partner at Treasure Mountain silver project kicks off drilling at Lucky Todd prospect

New Destiny will also examine other known historic prospects in the area, including the Railroad and Jim Kelly Creek areas

Ximen Mining Corp -
The first drill hole will be one of at least four at this copper-gold prospect, said Ximen

Ximen Mining Corp (CVE:XIM) told investors Wednesday that option partner New Destiny Mining Corp (CVE:NED), had now kicked off diamond drilling at the Treasure Mountain Silver property, initially at the Superior (Lucky Todd) area.

This hole will be one of at least four at this copper-gold prospect at the asset in British Columbia.

READ: Ximen Mining says GGX Gold set to drill three holes into Gold Drop anomaly

As previously reported, initial rock chip sampling threw up assays from up to 1.6% copper, 0.87 grams per tonne (g/t) gold and 109 g/t silver on one sample at the Superior (Lucky Todd) prospect. There was 0.36% copper and 3.99 g/t gold in another.

New Destiny will continue to examine other known historic prospects in the area, including the Railroad and Jim Kelly Creek areas, noted Ximen.

Rock samples from trenching this year at Railroad ranged from up to 1.06% copper and 264 grams per tonne (g/t) silver in one sample, and 0.95 g/t gold, 0.9% zinc and 0.4% lead in another.

At Jim Kelly Creek, a grab sample from the Superior/John Bull prospect returned a result of 11.3 g/t gold last year. Other known copper-gold prospects in the Jim Kelly Creek area include Spokane, Marsellaise and Gold Mountain.

Treasure Mountain project

Ximen owns the Treasure Mountain project near Tulameen, which is adjacent to the past-producing Huldra Silver mine but - as with its Gold Drop project, also in BC - it is held under an option agreement.

The option partners are making annual staged cash and stocks payments, as well as funding the development of the projects.

The company recently acquired control of the Kenville gold mine near Nelson, British Columbia and the Amelia gold mine in the center of the McKinney gold camp.

Contact the author at [email protected]

Quick facts: Ximen Mining Corp

Price: $0.41

Market: TSX-V
Market Cap: $14.15 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ximen Mining Corp named herein, including the promotion by the Company of Ximen Mining Corp in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read

;