Ximen Mining Selective Sampling Results from its 2016 Drill Program Brett Gold Project, Vernon BC Canada

(firmenpresse) - Ximen Mining Selective Sampling Results from its 2016 Drill Program Brett Gold Project, Vernon BC Canada

Sourcing and mining precious metal assets in British Columbia

Vancouver, B.C. - November 21, 2016 - TSX-V: XIM) Ximen Mining Corp. (the Company or Ximen) announces that it has completed the diamond drill program on the Brett Epithermal Gold-Silver Property, located 30 kilometres west of Vernon, BC. A total of 16 HQ diamond drill holes totaling 2364 meters, were drilled into specific targets between July and September 2016. Assay results from a few selected intervals of the drill holes returned significant results. Additional sampling of the drill core is being carried out so that the Company will have all holes fully assayed. The assay results will be released upon receipt.

We are extremely pleased with the work that has been complete so far this year, and that our market cap has appreciated over 300%. The company is now in a superior position to advance the Brett Gold project, since we own it 100% and have no further cash commitments. Prudent decisions are currently being made to advance the project as the technical team sees appropriate.
says Christopher Anderson, president and chief executive officer of Ximen Mining.

Some of the significant results of the selected intervals are as follows:
HoleNoFrom To LengthAu. Ag.
.

metersmetersmeters gpt gpt
1 90.83 91.83 1 18.95
91.83 92.83 1 0.771
92.83 93.83 1 0.418
93.83 94.83 1 0.835
2 80.54 81.64 1.10 3.13
81.64 82.70 1.06 0.32
82.70 83.81 1.11 3.66
11 61.00 62.00 1.00 1.635 8.7
62.00 62.58 0.58 13.35 >1.00
62.58 63.63 1.05 0.771 4.8
17 139.00139.500.5 5.700 3.2
139.50141.400.9 1.300 3.5
141.40142.000.6 0.849 2.9
142.00143.001.0 1.005 3.5

19 92.0 93.0 1.0 3.440 13.4
93.0 94.0 1.0 4.150 46.7
21 83.0 84.0 1.0 2.38 5.5
22 27.0 28.0 1.0 3.09 4.7


Hole North East Elv.Dip Length
No. m.

2016-0556773309928 1261-50 130.45
1 9

2016-0556775309914 1258-50 121.92
2 3

2016-0556776309937 1270-50 106.68
5 5

2016-0556774309996 1253-50 134.62
6 2

2016-0556766309938 1243-50 166.84
7 9

2016-1556785309901 1311-50 142.44
0 2

2016-1556785309879 1307-50 133.20
1 0

2016-1556809309794 1391-50 166.85
3 4

2016-1556766309937 1245-50 200.08
4 3

2016-1556800309816 1347-50 136.34
6 9

2016-1556803309830 1358-50 181.78
7 6

2016-1556691310302 1040-50 188.19
8 4

2016-1556815309792 1387-80 179.04
9 7

2016-2556815309792 1388-50 84.49
0 4

2016-2556819309769 1395-80 191.24
1 5

2016-2556824309756 1403-80 99.70
2 6
Table 2: Drill hole Locations

Note ; 2016 Drill Holes 3,4,8,9,12 have not been drilled as of yet

http://www.irw-press.at/prcom/images/messages/2016/38219/NR-XIM-Nov-21-2016-Drilling Samples_PRCOM.001.jpeg
http://www.irw-press.at/prcom/images/messages/2016/38219/NR-XIM-Nov-21-2016-Drilling Samples_PRCOM.002.jpeg

A total of 553 core samples where submitted to ALS Canada Ltd. and analyzed for Au. and Ag., including a 32 element I.C.P. analysis. Blanks and standards for all sample series in accordance to 43-101 guidelines was carried out by ALS.

Epithermal gold silver mineralization on the Brett property consists of native gold, electrum and argentite and is associated with multiphase silicification, chalcedony breccias, veins, stockwork veinlets as well as late-state calcite fillings within the silicified zones and veinlets. The structural orientations and interpretation of the breccia zones, veins and veinlets from the systematic drilling carried out to date is being compiled to delineate higher grade bonanza shoots close to existing underground workings. Systematic channel sampling is also planned in the historic open pit to determine the limits of the mineralization.

Past drilling assay results have returned many bonanza-grade drill intercepts through the Main Zone structure. The best one to date is from hole R-88 with 4.9 ounces per ton (169.6 gpt) over 25.1 feet (7.65 m). Additionally, 10 more intercepts of over one ounce per ton are reported while another 14 intercepts ranging from 0.3 opt to 1.0 ounce per ton are also reported. Besides multiple high grade drilling intercepts, 291 tonnes of ore was removed and processed at the Cominco smelter in Trail, where the recovered values averaged 27.74 g/t Gold and 63.7 g/t Silver.

Mohan R. Vulimiri, M.Sc., P.Geo, Technical Advisor, is a Qualified Person as defined by NI 43-101. Mr. Vulimiri has approved the technical content contained in this press release

The Company has granted 1,200,000 stock options at an exercise price of 12 cents per share. The options are exercisable for five years and will be cancelled 30 days after cessation of acting as director, officer, employee or consultant of the Company.

On behalf of the Board of Directors,

Christopher R. Anderson
Christopher R. Anderson,
President, CEO and Director
Ximen Mining Corp. 604 488-3900


About Ximen Mining Corp.

Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects. Ximen`s two Gold projects, The Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing Huldra Silver Mine. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN with the number as A1W2EG


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.

Ximen Mining Corp
888 Dunsmuir Street
Suite 888, Vancouver, B.C., V6C 3K4
Tel: 604-488-3900

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Datum: 21.11.2016 - 13:30 Uhr
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News-ID 508286
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