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Ximen Mining hits 'significant' gold values with two holes at its Wild Horse property in British Columbia

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Ximen Mining Corp (TSX-V:XIM, OTCQB:XXMMF) has reported drill results from two holes completed last year at its Wild Horse property in British Columbia, which covers potential sources of placer gold deposits, where gold was first discovered in 1864.

The drilling was undertaken to extend previous results from a hole in 2016 after surface grab sample results ranged up to 8 grams per tonne (g/t) gold and ‘significant’ gold values were hit. 

Ximen said previous reports indicated a drill intercept of 0.76 g/t gold over 14.4 metres (m) was obtained between depths of 60m and the end of the hole at 74.4m.

The first Ximen hole last year extended the 2016 hole from 74m to 217.6m, and hit continued quartz veinlet stockwork and breccia-style mineralization.

A 10m interval from 74 to 84m returned values ranging between 0.10 and 1.21 g/t gold and averaged 0.42 g/t gold, while from 74 to 146m (72m) depth, an average grade of 0.28 g/t gold was obtained.

READ: Ximen Mining closes final tranche of non-brokered private placement for gross proceeds of $70,400.00

The combined results from 2016 and 2021 indicated “significant” gold values over a large interval, said the company.

The second Ximen hole did not intersect the mineralized quartz breccia/stockwork zone that was hit in the first, but did hit localized mineralization of similar character containing ‘significant’ gold values, said Ximen.

Highlights included 4.15 g/t gold over 0.6m from 132.8m and 5.43 g/t gold 0.3m from 195.7m.

Contact the writer at [email protected]

Story by ProactiveInvestors


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