Ximen Mining Corp (CVE:XIM)

Ximen Mining Corp (CVE:XIM)


Share Price
$ 0.70
Change
0 (0.00 %)
Market Cap
$23.20 m
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Ximen Mining Corp

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...

EPIC: XIM
Market: TSX-V:XIM
52-week High/Low: C$0.86 / C$0.14
Sector: General Mining
Market Cap: $23.20 m
Website: ximenminingcorp.com
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Ximen Mining Corp Snapshot

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.

BRETT EPITHERMAL GOLD PROJECT

The Brett Epithermal Gold Project is Ximen’s primary precious metals project. Since 2013, Ximen has owned and controlled 100% of this 20,025 ha. epithermal gold district, which is situated in southern British Columbia near the city of Vernon. Historical intercepts from the Brett Gold property include up to 168 g/t over 1.3 m core length, with visible gold being common. In 1995–96, 291 tonnes of surface trench samples graded at 28 g/t gold and 64 g/t silver.

GOLD DROP PROJECT

Ximen has optioned its 100% owned Gold Drop Property to GGX Gold Corp (TSXV:GGX) for staged cash and stock payments and work commitments.

The Gold Drop Property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined. The earliest historic work on the property occurred during the 1890’s to early 1900’s, when most of the veins were discovered. Most of the underground development – mining occurred during the mid- 1920’s to 1941.

TREASURE MOUNTAIN SILVER PROJECT

The Treasure Mountain Silver Project is located within the New Westminster and Similkameen Mining Divisions in southern British Columbia. The property sits within the Intermontane Belt,  a unique tectonic belt in the northwest region of North America, along which many past and current producing gold, silver, lead, zinc, and/or molybdenum mines are located.

KENVILLE GOLD MINE

Ximen Mining Corp (XIM.v) is a public exploration company that has recently entered into an option agreement to acquire the Kenville Mine near Nelson, BC Canada. The previous Kenville Mine workings have an estimated 360,000+ troy ounces of gold based upon a historical National Instrument 43-­‐101. Past drill programs give evidence the extension of the high‐grade vein structures to substantially higher quantities of Gold on the adjacent claims. Ximen is confident with over half the property unexplored, that the current trend likely extends throughout the area. Ximen’s mission is to exploit the high-grade vein structures with current technology, and become a high-grade producing gold mine while concurrently exploring the limits of the reserve. The estimated life expectancy of the mine is 20 + years.

AMELIA GOLD MINE

Ximen Mining Corp. has signed an agreement to acquire certain Crown-granted mineral properties covering the historic Cariboo-Amelia gold mine in Camp McKinney near Baldy Mountain Resort in Southern British Columbia. This acquisition will add to Ximen’s significant property holdings in the region.

The Cariboo-Amelia was British Columbia’s first dividend-paying lode gold mine and was the most significant producer from Camp McKinney. Over its intermittent 68-year mine life from 1894 to 1962, the Cariboo-Amelia produced 124,452 tonnes ore, of which 112,254 tonnes are reported as milled on site. Recovery included 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead and 198,140 pounds of zinc (lead and zinc since 1940). The average recovered gold grade was 24.68 grams per tonne gold (from BC Minfile).

The acquisition includes the original Cariboo-Amelia Crown-granted claims: Molson (lot 2526s), Paragon (lot 2530s), Burley No. 1 (lot 2531s), Edward VII (lot 3499), Wonder Y (lot 2536s) Last Chance (lot 751), Fontenoy (lot 752), Emma (lot 270), Alice (lot 271), Cariboo (lot 272), Amelia (lot 273), Okanagan (lot 274), Maple Leaf (lot 613), and Sawtooth (lot 952), and Wiarton (lot 856) (082ESW217). The properties Maple Leaf and Wiarton also include the surface rights as originally granted. Total area is 199.46 hectares.

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CHRISTOPHER R. ANDERSON - President, CEO, & Director
Mr. Anderson brings over 30 years of entrepreneurial experience with ‍‍‍an astute emphasis on strategic planning, communications, and creative marketing. He has been instrumental in facilitating tens of millions of dollars of financing for both public and private enterprises. With a specific focus on mining over the last decade, Mr. Anderson has successfully navigated the waters of one of the toughest bear markets in mining history.

SCOTT KENT - Director
Mr. Kent brings over 20 years of sales and marketing experience to the team. For many years, Mr. Kent has provided public relations counsel to various sectors, including mining and manufacturing. He currently holds directorships with several public companies and provides finance and management consulting for both listed and private issuers.

ROY DAVIS (BSC ARSM METALLIFEROUS MINING) - Director
Mr. Davis holds an honours degree in mining engineering from Imperial College London and was an associate at the Royal School of Mines. Throughout his career he has held senior positions in both private and public mining companies, including practical experience in exploration and production mining with, among others, the UK National Coal Board, New Jersey Zinc Co., Noranda Inc., Inco Ltd., and GoldQuest Mining Corp. Mr. Davis has also held senior agency positions in both advertising and PR with Burson Marsteller and J. Walter Thompson, specializing in copywriting, account management, and new business development. He founded Short, Curnow and Cuthbert Media before merging it to form Mediaplus International (MPI), one of the foremost independent global media specialists in London. He was managing director of MPI for more than ten years.

WESLEY WARTHE-ANDERSON (BA) - Director
Mr. Warthe-Anderson holds an honours degree in economics from the University of Victoria. He also has formal training working with public companies, financing, and governance compliance through Simon Fraser University, Vancouver. Mr. Warthe-Anderson has an extensive background in marketing and statistical analysis. Since 2010, he has worked on various mining projects throughout Canada.

NICOLE KEITH (CGA) - CFO
Ms. Keith has over 20 years of accounting and manageria‍‍‍l experience in both the public and private sectors. She previously acted as CFO of public companies listed on the TSX Venture Exchange and held a senior accounting role for a company listed on the New York Stock Exchange. Areas of focus for Ms. Keith include regulatory reporting, capital management, business process improvements, system optimization, internal controls, and management reporting. She earned an bachelor’s degree in arts and science from the University of Victoria and subsequently obtained the certified general accountant (CGA) designation.

MATT BALL (PH.D, P.GEO) - Vice President of Exploration
Dr. Ball has over 30 years of worldwide geological experience, including running underground precious metals mine development programs. Dr. Ball is also currently interim chief executive officer, chief operating officer, and chief geologist of Golden Dawn Minerals, located near Greenwood, BC. Previously, he held positions as president and chief operating officer at the Bralorne gold mine in British Columbia. Dr. Ball brings a wealth of practical experience and knowledge of lode and epithermal gold-silver, porphyry copper-gold, and related skarn deposits, all of which potentially occur in Ximen's three 100%-owned projects in British Columbia.

PETER COOPER (LICENSED GEOLOGIST) - Advisor
Mr. Cooper has over 40 years‍‍‍ of experience in the mineral exploration and mining business, working primarily for major producers in North America. He has been involved in three successful gold mine start-ups and has overseen projects from the exploration stage right up to production. Mr. Cooper played a significant role in the exploration, preproduction, and development of Kinross’s Buckhorn gold mine, located in north-central Washington State, close to the border with British Columbia. In 2007, Mr. Cooper became chief geologist and then manager of operations strategy for Kinross Gold’s Kettle River operations. Prior to this, he spent the better part of 20 years working in the Republic Gold District of Washington State.

DAVID A. MARTIN (B.SC., P.GEO.) - Advisor
Mr. Martin is a professional geologist with 20 years of experience in the mineral exploration industry. He graduated from the University of New Brunswick in 1984 with a Bachelor of Science with a major in Geology and from the New Brunswick Community College in 1994 with a Diploma in Business Technology. Mr. Martin has been as a geologist on numerous mineral exploration projects involving a variety of commodities, including gold, silver, tin, tungsten, molybdenum, indium, copper, lead, zinc, and antimony. He has held senior managerial roles since 2005, including as regional manager and vice president of New Brunswick operations with Geodex Minerals Ltd. and vice president of exploration with Great Atlantic Resources Corp. Many of the exploration projects he has been involved with were in New Brunswick, and he has also worked on exploration projects and project generation in Nova Scotia, Newfoundland and Labrador, British Columbia, Spain, France, and Ukraine. Mr. Martin has played a key role during numerous mineral discoveries, the most significant being at the Sisson Tungsten-Molybdenum Project and the Mount Pleasant Tin-Indium Project, both in New Brunswick.

MOHAN R. VULIMIRI (M.SC., P.GEO) - Advisor
Mr. Vulimiri has many years of public company experience and has been involved in the management of numerous junior and established companies. A graduate of the Indian Institute of Technology, Kharagpur, India, he holds a B.Sc. Honours in Applied Geology as well as an M.Sc. in Economic Geology from the University of Washington, Seattle. He has over 30 years of experience in the exploration and delineation of ore deposits with emphasis on structural controls and modes of occurrence of mineral zones.

SHAUN DYKES (M.SC., P.GEO.) - Advisor
Mr. Dykes has over 35 years of practical experience in the management, exploration, and analysis of mineral properties at varying stages of development from grassroots to predevelopment. He has been directly involved or responsible for the discovery of several mineral deposits, five of which have been placed into commercial production. Mr. Dykes spent 16 years as exploration manager for Mosquito Consolidated Gold Mines Ltd., during which time he played a key role in the acquisition and development of Mosquito’s principal mining properties: CuMo, Pine Tree, Spring Creek, Trikay, and Blackpoint. Prior to this, Mr. Dykes spent 15 years as a project geologist for Westmin Resources Ltd., where he managed a wide variety of projects with budgets ranging into the millions. He was responsible for the outlining and discovery of the Premier open pit deposit as a result of the analysis and computerization of an extensive historical database. Mr. Dykes also founded Geologic Systems Ltd. in 1994 to supply geological expertise to the mining and exploration community. Geologic’s clients have included Cominco Ltd. (now Teck Resources Ltd.), Rio Algom Ltd., Echo Bay Mines Ltd., Billington, Placer Dome Inc., and Redfern Resources Ltd. Mr. Dykes has been involved in the evaluation, exploration, and development of some of the world’s major mineral deposits including CuMo, Voisey’s Bay, Cariboo Gold, Petaquilla, Dunka Road (now Northmet), Red Chris, Tulsequah, Pine Point (extension), Wernecke, HW and Myra Falls, and Premier.

AL BEATON (P.ENG) - Advisor and Active Member of the Technical Team
Mr. Beaton has been involved in mining operations for over 40 years. Since becoming a member of the Association of Professional Engineers and Geoscientists of British Columbia in 1974, he has gained over 30 years of experience as mine manager for mining and development operations throughout Africa and across Canada. Mr. Beaton was the mine manager for Erickson gold Mmne from 1979 to 1986, which at its peak was the top gold producer in British Columbia. He was also the mine manager for Huldra Silver Inc., which produced ore from the Treasure Mountain mine in British Columbia. He has been president of A.J. Beaton Mining Ltd. since 1987. Over the course of his career, he has been involved in over 50 mining projects and civil jobs in British Columbia and as such has gained a strong perspective on mining techniques across a wide range of mining projects.

LLOYD PENNER - Advisor
Mr. Penner brings many years of experience and knowledge to the Company. A large part of his 30+ year career has been spent exploring, developing, and mining western canadian gold deposits. He has worked from the coastal mountains of British Columbia to the gold camps of northern Canada and as far as west Africa. His well-rounded skill set includes planning, project organization, surface infrastructure setup, and conventional underground mining. His mining career began by developing the high-grade, narrow veins of the Bridge River Valley of British Columbia in 1986. Notable projects to date include the position of mine manager of the QR Mine in the British Columbia interior – a 1,000 tonne per day cyanide operation with multiple underground and open pit mines operating. His other projects include late stage exploration properties such as Selkirk Metals’ Ruddock Creek property, Imperial Metals’ Red Chris property, and Avion Gold’s production gold mine in Mali. His background includes more than eight years of management in development, exploration, and production in both Africa and British Columbia. Mr. Penner also has experience working in custom test mining and exploration management of a narrow vein gold project in British Columbia. He is familiar with current mining, government agencies, and environmental regulations in British Columbia, and he holds current UG certifications. Mr. Penner’s knowledge and experience with the Kenville Gold Mine (having spent several years assessing it), and with other high-grade vein properties like it, makes him an integral component in the success of this venture.

SHERVIN TEYMOURI (M.ENG., P.ENG.) - Advisor
Mr. Teymouri has acted as a consultant, engineer, and operations specialist as a mining engineer for base, precious, and industrial metals projects. His financial and mining engineering experience have both contributed to his significant skill in interpreting, evaluating, and commenting on the feasibility of mining projects, whether underground or open pit. His involvement in mine finance and strategic mine planning has focused on the maximization of mine returns and aligning mine planning with project financial objectives. Prior to founding Mineit Consulting Inc., Mr. Teymouri was a senior mining engineer with Roscoe Postle Associates Inc. and a senior mining engineer developing mining projects at Alexco Resource Corp.

ALEX MCPHERSON - Advisor
Mr. Mcpherson has over 60 years of experience in mining and mineral exploration. He has done extensive underground work for a variety of private and public companies, including drifting, stoping, sinking shafts, driving raises, timbering, blasting, and much more. Mr. Mcpherson has worked on many notable projects across Canada and the United States. Some of his work in British Columbia includes sinking shafts for Bralorne Gold Mines Ltd. and working underground at the former Dentonia mine.

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Ximen Mining Corp

888 Dunsmuir St. Vancouver BC,
Canada V6C 3K4

Phone: 604-488-3900

E-mail: [email protected]

Head Office

Suite 888
888 Dunsmuir St. Vancouver BC,
Canada V6C 3K4
[email protected]

+1 604 488-3900 

 

Legal Counsel

Fang & Associates Barristers & Solicitors 

1780 – 400 Burrard St Vancouver, 

BC V6C 1M2 

Ph: 604-688-6775

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