Connects New Portal Completing Mine Access
Ximen Mining Corp. (TSXV:XIM) has completed its portal construction at the Kenville Gold Mine project in the Nelson mining camp in southern British Columbia.
The installation of the new portal culvert is now complete, providing access to the Kenville mine 257 level. The final stages included placement of back-fill, construction of a door on the outside of the culvert, an as-built survey, and installation of rail ties and track on the inside to connect with the 257 mine level (see photos below).
President, CEO and Director, Christopher Anderson, said permitting for the new mine development is progressing well with public notifications and responses completed. The final application has been submitted to the Mines Review Committee.
The company also announces that it has closed a financing for gross proceeds of C$250,000 and closed a non-brokered private placement for gross proceeds of C$250,000. ]
The net proceeds from the private placements will be used for the further exploration on the company’s British Columbia mineral properties and general working capital.
imen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine.
Currently, the Treasure Mountain Silver Project is under a option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.
