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Author Topic: Golden Times for Ximen Mining  (Read 140 times)

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Offline Flo86xx

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Golden Times for Ximen Mining
« on: January 09, 2019, 02:16:19 PM »
German to English > <_miner_>

Golden Times for Ximen Mining
Strong drilling results and rising precious metal prices give the share a boost

Visible gold and telluride mineralization in cores is not only extremely rare, but also indicates a high grade deposit at Ximen that is likely to be mineable.

While the price of gold has risen $ 100 in the last 2 months, and fundamentally a strong year for precious metals is looming, there was good news for Ximen Mining Corp. today. Indeed , its joint venture partner GGX Gold reported the first round of drilling results from the Gold Drop project near the historic mining town of Greenwood, British Columbia, Canada.

Drill hole COD18-63 thrilled with high-grade mineralization at just 20 meters: with a substantial 28 g / t gold and 424 g / t silver over a core length of 1.17 m, the southern extent of the COD vein could be successfully confirmed. A drill intersection near the surface (26.72-27.31 m) showed bonanza grades of 49.7 g / t gold and 787 g / t silver.

The release of further laboratory results from the drilling program completed in the fall of 2018 (11 holes total) is expected soon.

With Ximen Mining returning to a strong bullish mood after a brief breather, today's stock price and upcoming drill results are expected to further boost the stock.

From a fundamental standpoint, the gold equity environment could not be better at the moment, as the gold price has recently been in an uptrend and gold stocks typically benefit disproportionately from such conditions.

With only 27 million shares outstanding and a current market valuation of only $ 8 million CAD, Ximen Mining offers exceptionally high appreciation potential over the coming weeks and months.

The southern extent of the COD vein has been successfully confirmed today with high-grade gold-silver mineralization near the Earth's surface. Further drilling results are expected shortly. Several of the holes drilled previously in 2018 also showed high grade mineralization:

COD18-45 : 50.1 g / t gold and 375 g / t silver over 2.05 m, including 167.5 g / t gold, 1370 g / t silver and> 500 g / t tellurium over 0.46 m

COD18-46 : 54.9 g / t gold and 379 g / t silver over 1.47 m, including 223 g / t gold, 1535 g / t silver and> 500 g / t tellurium over 0.3 m

All 11 holes from the Fall 2018 drilling program were drilled within 25m of holes # 45 and # 46. The high grade intersection of hole # 63 is at a vertical depth of only 20m (similar to the depth of the high grade section of # 45 and about 5m to the north).

Gold and silver-rich quartz veins could also be observed on other parts of the property and should soon be tested as well.

The coming weeks are eagerly awaited, as the release of further high-quality drill results should further boost the stock.

With the positive outlook for gold stocks in general, and Ximen Mining in particular, I have become a shareholder, making this stock one of my largest holdings in the portfolio. The experienced management team around Christopher Anderson and Peter Cooper has also convinced me.


BC Gold