In Boarder Zone, Totaling Over 63 Meters
Brett Gold Property, Vernon, BC
VANCOUVER, Oct. 14, 2014 (GLOBE NEWSWIRE) -- Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") is pleased to announce that it has completed hole 6 on the company's Brett epithermal gold property in southern B.C. this hole intersected widespread strong silicification with associated pyrite mineralization. This style of alteration is indicative of possible bulk-tonnage type gold mineralization assay's pending.
Hole 14-06 is the first hole ever drilled at the Border Zone, which straddles the boundary between the (original) Brett claims and Ximen's newly acquired Gold Star claims to the west. As in other areas of the property, outcrop is limited in this area. A strong gold-silver-arsenic (plus Sb, Se, Te, Mo, Hg) anomaly was defined by a recently completed soil geochemical survey over the area and elevated gold values were returned from limited rock samples collected. The Border Zone was also defined as a magnetic low anomaly on the company's recent ground magnetometer survey. This mag low feature is west of the Main Zone and is a separate feature from the large mag low anomaly northeast of the Main Zone.
Several zones of strong to intense silicification were intersected in hole 14-06 (total depth 305 m), the largest being a 28.1 m (core) intercept from 31.5 – 59.6 m down hole. Other intercepts measured 9, 10.5 and 16 m in core length. Silicification is stratigraphically controlled, occurring preferentially in coarsely fragmental volcanic breccia horizons that are present within a relatively flat-lying interlayered sequence of basaltic flows, flow breccias and fine and coarse tuffaceous rocks. Pyrite mineralization occurs within the silicified zones as fine disseminations and local narrow veinlets, and ranges from 2-10% by volume. Quartz veinlets locally cut the pervasive silicification.
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The Border Zone is outside the limits of Ximen's recent IP survey. The style of alteration and pyrite mineralization intersected in hole 14-06 is expected to return a chargeability high anomaly, in addition to the known magnetic low signature of the area, and is encouragement as to the style of alteration and mineralization that may be present in the large mag low feature to the northeast, where chargeability anomalies are known. The company is immediately moving the drill to test the first of these known chargeability anomalies, for bulk tonnage style gold mineralization. Additional drilling at the Border Zone is planned later in the fall 2014 diamond drill program.
Patrick Forseille, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this release.
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About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA on the OTCQX under the symbol XXMMF.
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 includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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.
Source:Ximen Mining Corp.