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Author Topic: Ximen samples up to 159 g/t Au, 744 g/t Ag at Gold Drop  (Read 1126 times)

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Offline Flo86xx

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Ximen samples up to 159 g/t Au, 744 g/t Ag at Gold Drop
« on: September 18, 2015, 09:22:00 AM »
Ximen samples up to 159 g/t Au, 744 g/t Ag at Gold Drop


2015-09-18 09:09 ET - News Release


Mr. Christopher Anderson reports

TRENCH SAMPLES FROM XIMEN'S HIGH GRADE GOLD DROP PROJECT RETURN UP TO 159 GRAMS PER TONNE GOLD AND 744 GRAMS PER TONNE SILVER

Ximen Mining Corp. has received analytical results for 2015 rock samples from its high-grade Gold Drop project, located near Greenwood in southeastern British Columbia. The company collected 50 grab rock samples in the eastern region of the Project, mainly from trenches previously excavated by the Company. These trenches were excavated in the area of the gold and silver bearing Gold Drop and North Star vein system and their respective underground workings (British Columbia Energy and Mines MINEFILE Mineral Occurrence Nos. 082ESE152 and 082ESE153). The highlight was a sample from a block of quartz - galena vein material, excavated from one trench near the Upper North Star Adit, which returned 159 grams per tonne gold and 744 grams per tonne silver.

The Gold Drop Project is described in a revised NI-43-101 Technical Report dated January 21, 2014. The property has seen high grade gold production as recent as the 1980's. The property covers geologically prospective ground in the well-mineralized Greenwood District, and hosts 8 or more known low-sulfide, gold-bearing veins or vein systems, including the North Star, Gold Drop, Amandy, Lakeview and Moonlight. The property also has 100's of meters of underground workings.

The 2015 grab rock samples were collected mainly from bedrock and rubble in recent trenches in the area of the Gold Drop and North Star vein system. All 50 samples were within a 1 by 0.7 kilometre area. These included quartz; quartz with pyrite; and quartz with variable sulfides including pyrite, galena and chalcopyrite (and possibly tellurides). One sample of wall rock bedrock was also collected (sample GD-R-15-4). Sample GD-R-15-1 was from a piece of quartz - sulfide vein rubble near an open-cut in this area. High grade sample GD-R-15-25 was from a large block (approximately 2 x 1.5 x 0.4 metres) of quartz vein with galena excavated from one trench and currently located adjacent to that trench. All samples were submitted to ALS Global for assay -analysis. All samples were assayed for gold by Fire Assay and AAS with sample GD-R-15-25 also assayed for gold by Fire Assay and Gravimetric Finish. Twenty-five of the samples were later analyzed for 33 elements (including silver, copper, lead and zinc) by Four Acid digestion and ICP-AES.

The samples returning the highest values for gold also returned the highest values for silver and included the highest values for lead and copper. Eighteen of the 50 samples returned greater than 0.5 grams per tonne gold (greater than 0.5 parts per million) with ten samples also exceeding 1 grams per tonne gold and 10 grams per tonne silver, listed in the following table (ppm being parts per million):

Sample           Gold    Silver    Copper      Lead
No.              (ppm)     (ppm)     (ppm)     (ppm)                             Description

GD-R-15-1        4.91        36      1710     15950          Quartz-galena-chalcopyrite vein
                                                           rubble near open cut (383228E and   
                                                          5447347N), approximately 60 metres
                                                          northwest of Upper North Star adit
GD-R-15-8        7.03        48       950      5540        Quartz-galena-chalcopyrite-pyrite
                                                             vein rubble in new trench No. 4
                                                       (383230E and 5447423N), approximately
                                                                 76 metres north of sample 1
GD-R-15-12       1.21        14        50       560     Quartz-pyrite-galena vein bedrock in
                                                      new trench No. 1 (383030E and 5447080N),
                                                       approximately 130 metres southwest of
                                                           the Upper Gold Drop adit; vein is
                                                               30 centimetres wide, striking
                                                             northwest and dipping northeast
GD-R-15-13      19.95        26      2120      3390        Quartz-pyrite-chalcopyrite-galena
                                                            vein outcrop in new trench No. 1
                                                            (383039E and 5447076N), possibly
                                                             same vein as sample 12; vein is
                                                               30 centimetres wide, striking
                                                             northwest and dipping northeast
GD-R-15-14       2.41        14        30        50        Quartz-pyrite vein outcrop in new
                                                          trench No. 2 (383123E and 5447068N),
                                                           approximately 50 metres southwest
                                                        of the Upper Gold Drop adit; vein is
                                                           at least one metre wide, striking
                                                             northeast and dipping southeast
GD-R-15-15       1.48        12       <10        50         Outcrop sample from same vein as
                                                       sample 14, approximately three metres
                                                                      northeast along strike
GD-R-15-22       1.73        11        60       110        Quartz vein outcrop in new trench
                                                                 No. 3 (383232E and 5447402N),
                                                                    approximately 115 metres
                                                          north-northwest of the Upper North
                                                        Star adit; vein is 25-45 centimetres
                                                       wide, striking north and dipping east
GD-R-15-25        159       744        70     17000         Quartz-galena vein rubble, which
                                                        was excavated from new trench No. 14;
                                                                the exact source location in
                                                                     the trench is uncertain
GD-R-15-26       12.2        78       600     12450        Quartz-galena vein outcrop in new
                                                         trench No. 14 (383218E and 5447317N),
                                                           approximately 35 metres northwest
                                                       of the Upper North Star adit; vein is
                                                      40 centimetres wide, striking slightly
                                                             northeast and dipping southeast
GD-R-15-27      12.55       100        20      1900         Outcrop sample from same vein as
                                                       sample 26, approximately three metres
                                                             northwest along strike (vein is 
                                                                    30 centimetres wide here)
Ximen management is prioritizing the area of Trenches 1 and 2 west-southwest of the Upper Gold Drop Adit and area of Trench 14 northwest of the Upper North Star Adit for future work including possible additional trenching and drilling.

Prospecting is also being conducted in the northwest region of the project in an area of six documented gold occurrences including Amandy, Lakeview and Moonlight. Al Beaton, P.Eng. is the Qualified Person under NI 43-101 who supervised the program and who has reviewed and approved the technical content of this news release.

Offline overtheedge

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Re: Ximen samples up to 159 g/t Au, 744 g/t Ag at Gold Drop
« Reply #1 on: September 18, 2015, 05:38:44 PM »
Quote
The company collected 50 grab rock samples in the eastern region of the Project, mainly from trenches previously excavated by the Company.

This makes everything suspect.
Would you grab a piece of barren rock to send in for an assay when future funding depends on the result of the assay?
If I had stock in Ximen, I would sell it right this instant and never buy again.
Call we spell pump and dump?

Quote
Al Beaton, P.Eng. is the Qualified Person under NI 43-101 who supervised the program and who has reviewed and approved the technical content of this news release.

Really? He supervised the grab sampling program and approved this report? Or approved just the technical portion?

Going to the company website is an exercise in new paint with no info on the company officers.
Ximen Mining corp | Sourcing and mining precious metal assets in British Columbia, Canada

Here is where I found that Mr. Christopher Anderson is CEO, president and director.
http://ximenminingcorp.com/wp-content/uploads/2015/09/NR-re-Convertible-Debentures-September-16-2015.pdf

Notice the date?
Then 2 days later the grab sample report.
http://ximenminingcorp.com/wp-content/uploads/2015/09/NR-XIM-Sept-18-2015-Gold-Drop-Exploration-Program.pdf

It has been said that fully informed prospective shareholders are an exploration company's greatest fear.
How long will that $1,000,000 last?

Do as you inevitably will.
eric

 


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