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.
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.
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