Ximen Defines Copper Geochemical Anomalies at it

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19.05.16 10:44

160 Postings, 2406 Tage Flo1278Ximen Defines Copper Geochemical Anomalies at it

Ximen Defines Copper Geochemical Anomalies at its Precious and Base Metal Treasure Mtn. Project

Vancouver, British Columbia (FSCwire) - (TSX-V: XIM) Ximen Mining Corp. (the ?Company? or ?Ximen?) is pleased to announce analytical results for soil and till samples collected at its precious and base metal Treasure Mtn. Project, located northeast - east of Hope, southern British Columbia. The geochemical survey was conducted during late 2015 in the northeast region of the Project in the area of the Superior (Lucky Todd) porphyry type copper - gold occurrence. Rock samples exceeding 1% Cu were reported in this target area from rock dumps near historic adits. The survey identified two main zones of copper soil anomalies defining targets. One zone of copper anomalies included the area of reported copper mineralization and historic workings. Soil samples in this zone returned up to 730 ppm Cu. A portion of the samples will be analyzed for gold to further define targets for trenching and diamond drilling.

Ximen?s Treasure Mtn. Project covers geologically prospective ground in the Similkameen and / or New Westminster Mining Divisions. The Project is adjacent to Nicola Mining Inc.?s Treasure Mountain property, site of the historic Treasure Mountain Silver-Lead-Zinc Mine (polymetallic veins). The Project also occurs within the Intermontane Tectonic Belt, which hosts numerous porphyry copper deposits. The Project covers an area of approximately 9500 hectares and hosts seven gold, silver, lead, zinc and / or copper occurrences in various regions as reported in the B.C. Ministry of Energy and Mines MINFILE database. These include gold-quartz vein, polymetallic vein and porphyry type occurrences. Some of these mineral occurrences have associated historic underground workings.

The 2015 soil and till geochemical survey was conducted in the northeast region of the property, north of Railroad Creek and west of Tulameen River / Vuich Creek. The Superior (Lucky Todd) copper - gold occurrence is reported in this area (B.C.MINFILE No. 092HSE240). At this occurrence gold and copper mineralization were reported in a quartz porphyry dyke with a 5 foot sample reported to assay 0.02 ounce gold (1913 Annual Report of Minister of Mines). In 2012 Canadian International Minerals Inc. reported adits in this target area and copper mineralization in the adjacent rock dumps and outcrop. A few dump grab samples were reported to exceed 1% copper while also assaying 76 and 69 g/t silver. Ximen has not verified these results.

A total of 325 soil samples were collected during the survey. The samples were collected along 9 east-west traverses, spaced at approximately 100 meters. The samples were spaced at approximate
25 meter intervals along the traverses. A total of 17 till samples were collected using an overburden drill adjacent to roads in this area. The depths of these samples were 1.5 - 8.5 meters. The soil and till samples were submitted to ALS Global. The samples were sieved to minus 180 micron. The sieved portions were analyzed for copper, lead, zinc, arsenic and silver by Four Acid - Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES).

The soil samples averaged 29 ppm Cu. Two main zones of copper soil anomalies were identified where samples exceeding 50 ppm Cu where more frequent. One zone is a topographic high in the northern half of the grid where Canadian International Minerals reported copper mineralization and historic workings. This zone is approximately north-south trending, being distinct on 3 of the 4 northern traverses and 125 to 175 meters wide on these traverses. The samples in this zone included analytical highs of 155 and 730 ppm Cu. Some samples within this zone were also anomalous for lead (up to 378 ppm Pb) and zinc (391 ppm Zn).    

The second zone of copper soil anomalies is in the southeast region of the grid approximately 100 - 500 meters west of Vuich Creek. Within this zone are single samples and clusters of samples exceeding 50 ppm Cu, including analytical high values of 102, 112 and 188 ppm Cu.

The 17 till samples averaged 39 ppm Cu with three scattered samples exceeding 50 ppm Cu (high value of 55 ppm Cu).

Christopher Anderson, CEO of Ximen, said ?The 2015 exploration program further establishes the potential for porphyry copper mineralization in the northeast region of the Treasure Mtn. Project. Porphyry - type gold mineralization is also documented in this part of the property. The pending gold analytical results for the 2015 soil and till samples will allow for further evaluation of this region?s potential and further definition of targets. . Our main project The Brett Gold Project outside Vernon will continue to receive our highest exploration priority this year and we shall be announcing our 2016 plans shortly.?

David Martin, P.Geo. is the Qualified Person under NI 43-101 who has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors,
?Christopher R. Anderson?

Christopher R. Anderson,
President, CEO and Director

Ximen Mining Corp. 604 488-3900

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view this press release as a PDF file, click onto the following link:

Source: Ximen Mining Corp. (TSX Venture:XIM) http://ximenminingcorp.com/

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