10:43 AM EST - Ximen Mining Corp : Provided the following update on its plans for developing The Kenville gold mine and Brett Epithermal Gold Project in southern B.C. In 2019, Ximen acquired the former producing Kenville gold mine along with all existing permits, infrastructure and equipment. The Company then initiated permitting to develop a new 1,200-metre decline and do underground drilling. Once this work gets underway, the Company will move toward extracting a bulk sample for offsite processing. To date, surface buildings and roads were rehabilitated, the portal site for the decline was stripped, a transformer for hydro power supply was installed, and a new mine compressor was purchased. Water and waste rock quality surveys were completed, showing that the mine drainage water is high quality and the waste rock is non acid generating. The Company intends to be extracting a bulk sample this year and then be in a position to move toward continuous production. Historically, the Kenville mine produced 65,381 ounces of gold from 158,842 tonnes processed. Ximen Mining Corp
shares V.XIM are trading up $0.045 at $0.41.
