Ximen on Move, Including Share Price

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, May 28, 2020

The exciting news is still filtering in from junior miners these days. Thursday, it was the turn of Vancouver-based Ximen Mining Corp. (TSX-Venture:XIM) to announce is mobilizing crews and equipment for exploration drilling and trenching on properties near Greenwood in southern British Columbia.

XIM’s field season will begin in June with drilling and trenching activities, as well as general geological investigations and rock sampling. Importantly this year, preparations for field programs will first start with development and implementation of protocols and measures to prevent and control the risk of transmission of COVID-19.

Exploration field activities will commence on the permitted Providence property, where previous investigations identified an historic mine on a polymetallic silver vein target and a number of outcropping sulphide showings with copper-gold-silver skarn and/or vein type mineralization.

One piece of massive sulphide from historic pit displayed 0.23% copper and 3.4 g/t silver.

Vein quartz from historic mine produced readings of 3.87 g/t gold and 100 g/t silver.

XIM shares hiked eight cents, or 12.7%, to 71 cents, on 247,000 shares.

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