Drilling Commences At The Treasure Mountain Silver Property
VANCOUVER, BC - Ximen Mining Corp. reported that its option partner New Destiny Mining Corp. (TSX.v NED) has begun drilling at its Treasure Mountain Silver Property, located near Tulameen, BC. Diamond drilling commenced with the first hole at the Superior (Lucky Todd) area, one of at least four holes to be drilled at this prospect. Drilling is targeted at the mineralized zones exposed in trenches completed earlier this season. The target is a porphyry copper-gold deposit.
Previously discussed, rock sample geochemical results from the Superior (Lucky Todd) prospect ranged up to 1.6% copper, 0.87 grams per tonne gold and 109 grams per tonne silver in one sample, and 0.36% copper and 3.99 grams per tonne gold in another. All samples were chip samples of varying widths between 0.3 and 1.5 metres. The true widths of the zones are unknown at this stage.
New Destiny will continue to examine other known historic prospects in the area, including the Railroad and Jim Kelly Creek areas. Rock samples from 2019 trenches at the Railroad ranged up to 1.06% copper and 264 grams per tonne silver in one sample, and 0.95 grams per tonne gold, 0.9% zinc and 0.4% lead in another sample. At Jim Kelly Creek, a grab sample from the Superior/John Bull prospect returned a result of 11.3 grams per tonne gold in 2018. Other known copper-gold prospects in the Jim Kelly Creek area include Spokane, Marsellaise and Gold Mountain.
The Company’s Treasure Mountain Silver Property covers 10,700 hectares of geologically prospective ground adjacent to Nicola Mining Inc.’s Treasure Mountain Property (site of the historic Treasure Mountain Silver-Lead-Zinc mine). The Treasure Mountain Silver Property hosts at least seven gold, silver, lead, zinc and / or copper B.C. MINFILE occurrences in various regions. These include gold-quartz vein, polymetallic veins and porphyry type showings. Some of these mineral occurrences have associated historic underground workings. The Property occurs within the Intermontane Terrane, which hosts numerous porphyry copper deposits. For more information, refer to the Company’s 2017 Technical Report on the Treasure Mountain Silver property.