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Ximen Mining Begun Drilling at Treasure Mountain Silver Property near Tulameen in BC

Mining News - Published on Thu, 12 Sep 2019

Image Source: ximenminingcorp.com
Ximen Mining Corp announced that its option partner New Destiny Mining Corp has begun drilling at its Treasure Mountain Silver Property, located near Tulameen, BC. Diamond drilling commenced with the first hole at the Superior area, one of at least four holes to be drilled at this prospect. Drilling is targeted at the mineralized zones exposed in trenches completed earlier this season. The target is a porphyry copper-gold deposit.

As previously announced in a news release dated August 14, rock sample geochemical results from the Superior prospect ranged up to 1.6% copper, 0.87 grams per tonne gold and 109 grams per tonne silver in one sample, and 0.36% copper and 3.99 grams per tonne gold in another. All samples were chip samples of varying widths between 0.3 and 1.5 metres. The true widths of the zones are unknown at this stage.

New Destiny will continue to examine other known historic prospects in the area, including the Railroad and Jim Kelly Creek areas. Rock samples from 2019 trenches at the Railroad ranged up to 1.06% copper and 264 grams per tonne silver in one sample, and 0.95 grams per tonne gold, 0.9% zinc and 0.4% lead in another sample. At Jim Kelly Creek, a grab sample from the Superior/John Bull prospect returned a result of 11.3 grams per tonne gold in 2018. Other known copper-gold prospects in the Jim Kelly Creek area include Spokane, Marsellaise and Gold Mountain.

The Company’s Treasure Mountain Silver Property covers 10,700 hectares of geologically prospective ground adjacent to Nicola Mining Inc.’s Treasure Mountain Property. The Treasure Mountain Silver Property hosts at least seven gold, silver, lead, zinc and / or copper BC. MINFILE occurrences in various regions. These include gold-quartz vein, polymetallic veins and porphyry type showings. Some of these mineral occurrences have associated historic underground workings. The Property occurs within the Intermontane Terrane, which hosts numerous porphyry copper deposits. For more information, refer to the Company’s 2017 Technical Report on the Treasure Mountain Silver property.

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Posted By : Rabi Wangkhem on Thu, 12 Sep 2019
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