Proactive Investors - Run By Investors For Investors

Ximen Mining's option partner GGX Gold kicks off keenly anticipated spring diamond drilling at Gold Drop property

The work will be at the so-called C.O.D vein, which is open along strike and at depth
Ximen Mining's option partner GGX Gold kicks off keenly anticipated spring diamond drilling at Gold Drop property
A diamond drillbit

Ximen Mining's (CVE:XIM) (OTCQB:XXMMF) option partner GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF)  has kicked off its keenly awaited spring diamond drilling program on its Gold Drop property in Southern British Columbia.

The work will be at the so-called C.O.D vein, which is open along strike and at depth, and initially will be aimed at extending and in-filling the ore shoot of high-grade gold-silver-tellurium mineralization that was hit last year.

Following this, the Everest vein to the south, and the C.O.D. extension to the north will be drill-tested.

The C.O.D vein stands for "continuation of dentonia", while Dentonia is another gold-quartz vein in the camp that was mined in the past.

The C.O.D vein was first targeted by GGX in 2017.

Exciting assays

Last year saw some exciting assays at C.O.D  and two holes intersected near-surface, high-grade gold, silver and tellurium in the southern extension of vein.

COD18-67 hit 129 grams per tonne (g/t) gold, 1,154 g/t silver and 823 g/t tellurium over 7.28 meters (m) while COD18-70 intersected 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90m.

Other notable assays from C.O.D have included 2.1m at 14.62 g/t gold; 150 g/t silver and 102 g/t tellurium.

No previous diamond drilling has been completed at the C.O.D. extension to the north and the 2018 trenching program here exposed numerous vein showings with grab samples up to 15.45 g/t gold, 159 g/t silver and 114.5 g/t tellurium.

Ximen also said in a statement that it had welcomed Lloyd Penner to the team. He will assist the company with future plans in developing its mining activities on its various assets.

A large part of his 30 year career has been spent in the exploration, development, and mining of western Canadian gold deposits, from the coastal mountains of British Columbia to the gold camps of northern Canada and as far as west Africa, the firm said.

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 as well should the company complete on the opportunity to acquire the Kenville Gold Mine.

View full XIM profile View Profile

Ximen Mining Corp Timeline

Related Articles

Mina do Barroso
June 07 2019
The firm’s portfolio encompasses both assets with near-term production potential and longer-term development opportunities
1539587791_Kavango.jpg
October 15 2018
KSZ holds potential for world class base and precious metals deposits
1557332083_Tungsten.jpg
May 09 2019
Apollo has an attractive land package in France and Spain, including former producing mine
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use