Ximen Mining Corp (CVE:XIM) (OTCQB:XXMMF) has updated investors on exploration at its Providence project in British Columbia, where two rock samples have returned "significant results" and follow up investigation is planned.
In a statement, Ximen said 16 rock chip grab samples and 20 soil samples have been received from fieldwork which was completed at the start of the season.
READ: Ximen Mining kicks off drilling and trenching at past-producing Providence silver gold mine in BC
One grab sample from a historic dump at the Providence mine returned values of 884 grams per tonne (g/t) silver and 1.36 grams per tonne (g/t) gold. This sample also contained 0.23% lead and over 1% zinc.
The other assay from the historic Freemont mine dump returned values of 435 g/t silver and 4.4 grams per tonne gold, with 0.22% lead, the group added.
Ximen noted that based on a gold price of US$1,900 per ounce and a silver price of US$24 per ounce, the two samples grade 0.37 and 0.29 ounce per ton gold equivalent.
A drill program at the Providence project is also now well underway with 755 metres drilled so far in four holes.
This was carried out along strike of the historic Providence mine and beneath a historic adit that was found in 2018. Assays are pending.
Records show that 1,368,075 ounces of silver, 5,896 ounces of gold, 402,690 pounds lead and 260,086 pounds of zinc were recovered from the Providence mine, Ximen has previously noted.
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