Ximen''s Mining Update, Drill Test of Geophysical Anomaly Intersected over 235 metres of Magnetite Mineralization Gold Drop Property Greenwood BC

ID: 1554560
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(PresseBox) - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the ?Company? or ?Ximen?) is pleased to announce that its option partner GGX Gold Corp. provided an update on the last drill hole at the Gold Drop property in the Greenwood Mining Camp.

Following an intensive drilling campaign on the C.O.D veins, the last hole drilled on the Gold Drop property in 2019, Hole AMT19-01, tested a large audio magnetotelluric (AMT) geophysical anomaly that was identified on the property by Earth Science Services Corporation of Oshawa, Ontario (ESSCO).ore information about this anomaly, see the video posted on the GGX website.

Hole AMT19-01 was competed on October 21 at a depth of 718.8 metres (2,358 feet).

The first appearance of strong magnetite mineralization at 479 meters closely corresponds to the predicted start of the modeled anomalous zone (the start of the zone was predicted at 441 metres depth by ESSCO) so it appears the magnetite mineralization is related to the source of the geophysical anomaly.

The origin of the magnetite mineralization remains unexplained.

For hole AMT19-01, the core assays are pending, and petrography will be conducted on selected samples to aid in mineral identification.

The Company also announces it has closed a tranche of a private placement by issuing 350,000 units for gross proceeds of $105,000. Each Unit consists of one common share at a price of $0.30 and one transferable common share purchase warrant.

Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.

On behalf of the Board of Directors,

?Christopher R. Anderson?

Christopher R. Anderson,

President, CEO and Director

604 488-3900

Investor Relations: Sophy Cesar, 604-488-3900, ir(at)XimenMiningCorp.com

About Ximen Mining Corp.



Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. 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.

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 1XMA and WKN with the number as A2JBKL.

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company''s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management''s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged to refer to the Company''s reports, publicly available through the Canadian Securities Administrators'' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

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.

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



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Date: 12/09/2019 - 02:33
Language: English
News-ID 1554560
Character count: 4928
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Firma: Swiss Resource Capital AG
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