XIMEN MINING CORP. Ximen Mining Corp. provided an update on activities at its Kenville Gold Mine project in southeastern BC. The Company is steadfastly working with its consultants to complete the engineering studies that are required prior to starting mine development.
Activities completed: Hydrogeological assessment completed and sites selected for two ground water monitoring wells. Proposed sites submitted to regulatory authority for approval. Engineering assessment completed for contact water capture and conveyance for area of new portal and rock dump.
Engineering assessment of drainage channel completed. As a result of this study and requirements associated with a required water licence, a new road crossing and new discharge point are now required. The initial design has been completed.
An application for an archaeological permit to investigate the new discharge site was submitted. On-going Technical Activities: waiting on final approval drill monitoring wells and install groundwater monitoring equipment. Finalization and approval of road crossing design.aeology permit to be obtained to conduct geological supervision at new discharge point prior to construction (Estimated 4 months from submission).
Mine water conveyance pumping system engineering design underway to be finished. Complete mine engineering detailed design drawings for mine excavations including drill cut-outs, re-muck cut-outs, safety bays and sumps. Completion of Geotechnical stability assessment of existing mine-site building foundations and mine roads.
Completion of Geotechenical design for 2 historic portals and new portal closures. Obtain explosives storage and use permit. discussion held with regulatory officer indicates site inspection and final use permit to be completed close to commencement of operations.
On-going water flow monitoring. The process of completing all the above technical works is required prior to commencing the start of underground development. The Company is fully committed to addressing these items in a timely and efficient manner and is very much looking forward to then starting the underground mine development on the 100% Company owned Kenville Gold Mine no matter the weather or the season.
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 securitieslaws 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 a more complete discussion of such risk factors and their potential effects.
