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April 15, 2019 -- InvestorsHub NewsWire --
Ximen Mining Corp. (TSXV:
XIM)(USOTC:
XXMMF) (FRA: 1XMA) Although this report
may seem a bit long, I can only urge you to read it all carefully
as today’s news may also have broad implications for Ximen Mining
Corp. going forward.
Golden Dawn Minerals Inc. announced that Christopher Anderson
has agreed to accept an appointment as the company’s Interim CEO
and Director. Mr. Anderson also serves as President and CEO of
Ximen Mining Corp.
Mr. Anderson intends to switch Golden Dawn’s lights back on,
which may also greatly benefit Ximen as the company owns 3
precious/base metals projects in southern British Columbia, with
the Gold Drop Project being in proximity to Golden Dawn’s Greenwood
Mill.
Today, Ximen and its option partner reported that the spring 2019
drilling program on the Gold Drop Property has
begun. This could turn out as one of North America’s highest grade
gold-silver-tellurium projects, potentially advancing towards bulk
sampling faster than many would have thought (until today). Same
applies to Ximen’s 100% owned Brett Gold Project
(2h drive to the Greenwood Mill), where underground workings
already exist.
Furthermore, Ximen last week reported its focus to acquire
the past producing Kenville Gold Mine located in
trucking distance to the Greenwood Mill. In 2009, a historic
(non-compliant with NI 43-101) inferred resource was estimated with
522,321 tonnes averaging 23.01 g/t gold, translating into 356,949
ounces of gold.*
With today’s news adding the highly experienced mine manager
Lloyd Penner to the Ximen team, the company obviously aims to
aggressively advance towards developing its mining activities on
its various assetsa. He oversaw a large drill program in 2010-2012,
discovering several new high-grade veins at Kenville.
Overall, the road(s) to success may begin today. Enjoy the
ride!
The Greenwood Mill: In 2016, Golden
Dawn acquired this asset, along with the past producing Lexington
and Golden Crown mines, whereas the previous owner invested
approximately $35 million to develop these
assets.
The Kenville Gold Mine
Last week, Ximen announced its plans on acquiring
the past producing Kenville Gold Mine located near Nelson in
southern British Columbia, Canada.
When you connect the dots of the Greenwood Mill and the Kenville
Mine on a map, the result is a mere distance of around 150 km on
Highway #3 and #3A. That’s not a long trucking distance, especially
when talking about high-grade gold quartz vein material.
When the Kenville Mine ceased operations in the 1950s, a total
production of over 2 tonnes of gold (plus silver, lead, zinc,
copper and cadmium) was recorded from the processing of 181,395
tonnes.
Historically successful drilling programs by the previous
operator discovered additional high-grade gold quartz veins
striking beyond the historical footprint of the Kenville Mine,
indicating potential for new gold mineralization with silver-copper
enrichment.
Excerpts from Ximen’s news:
“The mine deposit consists of multiple, gold-silver quartz veins
hosted by diorite. Between 2007 and 2008, 13,000 meters of diamond
drilling was conducted that targeted previously un-tested areas
southwest of the historic mine, and detailed sampling was conducted
within the mine on the 257 Level. There are six other historical
levels within the mine footprint; only this level was rehabilitated
and remains open and accessible. Based on the mine sampling and
drill hole information available at the time, new zones of gold
mineralization were identified, and mineral resources were
estimated (see table below).”
*A qualified person has not done
sufficient work to classify the historic estimate as current
mineral resources or mineral reserves. As such the issuer, Ximen
Mining Corp., is not treating this historical estimate as current
mineral resources or mineral reserves. Ximen considers this
historic mineral resource estimate to be relevant and reliable in
that it was based upon the results of underground sampling and
diamond drill information available at the time. The historic
estimate uses the categories of Measured, Indicated and Inferred
mineral resources as defined by the Canadian Institute of Mining,
Metallurgy and Petroleum. Measured and Indicated Resources are
based on projections of mineralized veins exposed on the 257 Level.
Inferred Resources in the historical estimate are based on assumed
continuity beyond measured and (or) indicated resources. The
inferred mineral resources are based on historical drill and assay
information verified by underground channel samples collected in
2007/8. The resource tonnages were estimated using an assumed
specific gravity. A cut-off grade of 1.1 grams per tonne was used.
No allowance for dilution was included based on an anticipated
“resue” mining method, which would separate mineralized material
from waste rock. (Source: Ximen Mining)
“Significant diamond
drilling was conducted after the above mineral resource estimate
was made between 2009 and 2012. At least 4 new veins were
identified with potential strike lengths of over 700 metres. The
results of this drilling have not yet been reviewed by the
Company’s Qualified Person. A complete review of the technical
information is required with the aim of completing a new resource
estimate that includes the more recent diamond drill results.”
“The property is
located 8 km west of Nelson, BC, is accessible by paved road and is
connected to the power grid. Existing infrastructure includes
mining equipment, offices, mechanic shop, core storage and
accommodation.”
Chris Anderson of Ximen Mining commented that, “The Kenville
Gold Mine has played a major role in the rich history of BC Gold
mining. It was the first underground lode gold mines in British
Columbia and was once the largest producer in the Nelson Mining
Camp. There have been multiple new targets and veins discovered in
the last several years and Ximen is looking forward to the
potential opportunity that exists ahead.”
In mid-2010, the previous owner said that the Kenville Mine was
“in production-ready state”, but the concurrent beginning of a bear
market in gold appears to have put an end to that plan.
However even more importantly, the previous owner did not have a
processing facility, not to speak of a tailings pond which would be
difficult or impossible to get permitted as the mine property is
located on the slope of a mountain, likely to even make the
alternative of dry stack tailings
unfeasible/unpermissable.
With gold prices on the rise again, the time could be ripe now
for Ximen to write history in one of Canada’s most prolific gold
mining districts, especially if an opportunity with an existing
processing facility in southern British Columbia evolves.
Frankly put: The
Kenville Gold Mine has everything to lift your heart higher than
the clouds – with the exception of a processing plant and a
tailings pond. This missing key might have been the main reason why
the previous operator could not succeed into production.
The Greenwood Mill: In 2016, Golden Dawn acquired this asset,
along with the past producing Lexington and Golden Crown mines,
whereas the previous owner invested approximately $35 million to develop these
assets.
The Key(s) to Success
There is something of utmost importance when planning to go into
production: People.
Today, Ximen announced the addition of
Lloyd Penner to the Ximen team. Previously, he
worked as mine manager for several projects and was also
instrumental in discovering new high-grade vein systems in
previously unexplored areas of the Kenville Mine property. He knows
Kenville by heart, lives in Nelson, and thus is believed to be the
perfect match for Ximen “focusing on assisting the company with its
future plans and aspirations towards developing its mining
activities on its various assets”, as Ximen noted.
Another key for any exploration company with an intention to go
into production: Processing Plant. However, the
construction of a new processing facility, including a tailings
pond and ancillary equipment, is not only very expensive but also
highly time consuming, and oftentimes difficult or impossible to
permit even in mining-friendly jurisdictions.
“Part of the infrastructure for the
Greenwood Precious Metals Project includes a modern
crushing-grinding-gravity-flotation facility with a mill rated at
212 tonnes per day capacity, assay laboratory and tailing
facilities, all fully permitted and under care and maintenance
since operations ceased in late 2008. This mill and tailings
facility was constructed on the Zip claims within the Golden Crown
Property by Merit between September 2007 and May 2008, when the
mill was commissioned to process material from the
Lexington-Grenoble Mine. Merit operated the Greenwood Mill and
tailings facility processing Lexington-Grenoble mill feed from May
2008 until the end of December 2008. The operation is currently
under care and maintenance. The crushing and conveyor belts are
outside the mill building and appear in reasonable shape. The
equipment inside the mill building includes a ball mill, a regrind
ball mill, a centrifugal gravity concentrator system, a series of
flotation banks and a filter that all appear in good shape. There
is a dry and lunch room also inside the building. There is a fork
lift and one portable living trailer also inside the mill building.
The assay laboratory is fully equipped for gold and copper assaying
inside a Seacan and sits near the mill building. This laboratory
was not available to the mining operation until days before the
mining ceased.“ (See more details about the existing
infrastructure at the Greenwood Mill and Tailings Facility on pages
43-44 in Golden Dawn‘s Updated June 2017 PEA)
Thousands of exploration companies exist globally, eager to
spend millions of dollars for drill programs and economic studies,
to hopefully delineate a mineable deposit over time. Yet even if a
mining project turns out feasible on paper after many years, the
essential question must be addressed: How to go into
production? How to finance a required processing
facility?
The costs of a new processing plant are typically in the tens to
hundreds of millions of dollars, sometimes even in the
billion-dollar sphere. For such reason, many explorers do not
bother about planning to go into production but rather wait (and
hope) that eventually a major mining company comes by and buys the
project. That’s because the alternative would be risky debt or
dilutive equity financings, both of which can have devastating
consequences for the company and/or shareholders as the past has
shown countless times.
For example, take a look at the well-known company Nemaska
Lithium Inc. (TSX: NMX), which successfully delineated a
“world-class” lithium deposit in Canada with hundreds of drill
holes and highly positive project economics, only to subsequently
undertake painfully dilutive equity financings to build a
processing facility. Since its all-time high at $2.44, Nemaska’s
stock imploded, currently trading at $0.32 CAD: An uninspiring
performance of -87% despite being “successful” in what most others
never accomplish: Going into production.
This recent example demonstrates that for a company to be also
successful at the stock exchange (i.e. producing happy
shareholders) it is not decisive that you
go into production but how.
All the more brilliant may today’s move by Chris Anderson turn
out in the future, on the one hand for Golden Dawn and potentially
also for Ximen.
The Alpha and Omega: Protecting Shareholders
Ximen currently has around 33 million shares issued and
outstanding. Alone Mr. Anderson increased his holdings in Ximen to
more than 4.3 million shares last year, whereas he also held some 2
million warrants and options (as per December 31, 2018), thus, if all
exercised, controlling in excess of 6.3 million shares.
Simply put: Ximen’s
management and insiders have serious “skin in the game“, i.e. they
put their money where their mouth is and have, accordingly, a
lesser degree of interest for heavy dilution.
Chris Anderson now has the reins in his hands to produce happy
shareholders for Ximen and Golden Dawn as he is
already a major shareholder of Ximen and possibly soon the
principal shareholder of Golden Daw, too (last week, it was
announced that Mr. Anderson has
the opportunity to earn up to 15.5 million shares of Golden
Dawn).
A tight share structure with management and insiders holding
large equity positions is one of the prerequisites of having
sustainable success as a publicly listed company (in respect of
creating shareholder value).
Hand in Hand Pursuing the Same Goal?
Mr. Anderson could be setting the course for what he may see
ahead for Golden Dawn and Ximen: A golden opportunity for both
companies pursuing the same goal synergistically. If Anderson can
turn Golden Dawn’s lights back on, this could also have positive
implications for Ximen as, for example, bulk samples from its
projects could be tested at the Greenwood Mill processing
plant.
The Gold Drop Project
Ximen currently owns 100% of the Gold Drop Project, located only
a few kilometers from the Greenwood Mill. Ximen‘s option partner,
GGX Gold Corp., recently made headlines with drill results of “129
g/t gold and 1,154 g/t silver over 7.28 meter core length“, which
ranks as the world‘s 7th best drill intercept
of 2019.
Map showing Ximen‘s Gold Drop Property in proximity to Golden
Dawn‘s Greenwood Mill. According to the NI 43-101 Technical Report on the
Gold Drop Property (2014): ”Since custom milling opportunities
exist in the district, the property does not necessarily need to
support a stand-alone mine/mill operation to be viable. Even a
small or modest tonnage of high grade ore could potentially be
profitable to extract, given the excellent infrastructure of the
region and the property itself.”
On top of that, these assays showed that tellurium grades have
exceeded the upper analytical limits at the lab (i.e. 500 g/t
tellurium), which prompted Ximen’s option partner to re-analyze the
core for tellurium, also “due to multiple industry inquiries” as
Ximen stated. On March 18, the exact
tellurium grades were announced with “up to 3,860 g/t
tellurium”, including “823 g/t tellurium over 7.28-meter core
length” and “640 g/t tellurium over 6.90-meter core length”.
(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 those Ximen
news-releases.)
Fortis Metals, the world’s leading producer of minor metals,
recently forecasted a tellurium supply deficit that, “as of 2020
could be as big as a staggering 370 metric tonnes.” Noting the
rapidly-growing use of tellurium for thin-film solar panels, Fortis
stated: “At the moment, we are still seeing (tellurium) inventories
in China but these are being eaten away by the two main suppliers
of First Solar (the world’s largest thin-film solar manufacturer).
It is only a matter of time before the market will understand the
new dynamics and prices will start to reflect the growing deficit.
We would not be surprised to see prices break the previous record
seen in 2011.”
Ximen’s option partner has produced some of the highest grade
tellurium drill intercepts in the world over the 2018 drill season.
See also Rockstone Report #8 “Industry inquiries persuade Ximen‘s
partner to re-assay drill core for tellurium“ for more
information on the importance of tellurium for the solar industry
as well as Ximen’s note on “Tellurium’s Unique Value”.
What makes above mentioned assays from hole COD18-70 at the
C.O.D. Vein so impressive is that the high-grade quartz vein
intersection occurs near surface, indicating a
so-called “ore shoot“, possibly being, or leading to a
“motherlode”-style feeder system, as GGX stated.
The NI 43-101 Technical Report on the
Gold Drop Property (2014) explains why such an outstanding
discovery could have been made recently:
“The Gold Drop property covers geologically prospective ground
in the well mineralized Greenwood District, and hosts 8 or more
known gold-bearing veins or vein systems. On the adjoining Dentonia
property, significant historic production has come from similar
veins. There has been little effective modern exploration on the
Gold Drop property, and in the author’s opinion, the property is
unique in this respect. Good opportunities remain untested on this
property while most properties in the area that host showings of
similar quality have been more thoroughly explored.“
The near-by Dentonia Vein on the Dentonia
Property averaged about 1 m in width,
historically producing approximately 125,000 tonnes at an average
grade of 10.8 g/t gold and 64.6 g/t silver (Minfile 082ESE055).
Key to success: Ximen’s
team member, Alex Mcpherson, worked underground at
the Dentonia Mine and thus knows the area well, and how such veins
are mined. He worked on many notable projects in North America. In
British Columbia, he was also sinking shafts for Bralorne Gold
Mines (note that Ximen‘s VP Exploration, Dr. Ball, held positions
as President and COO at the Bralorne Gold Mine). Mr. Mcpherson has
decades of experience in mining and exploration, has done extensive
underground work including drifting, stoping, sinking shafts,
driving raises, timbering, blasting and much more for several
companies.
Another key to success:
Ximen also has Peter Cooper on board who was
involved in 3 successful new gold mine start-ups and oversaw
projects from the exploration stage right up to production. He
played a significant role in the exploration, pre-production and
development of Kinross Gold Corp.‘s Buckhorn Gold Mine located in
northern Washington State, close to Ximen’s Gold Drop Project. For
many years, he served as Chief Geologist and then Manager of
Operations at Kinross‘ Kettle River Mill, where the ore of the
Buckhorn Gold Mine was processed. With the recent closure of
Kinross‘ Buckhorn Gold Mine (depleted), Kinross might be looking
for replacement feedstock to keep its large Kettle River Mill
(capacity: 1,800 t/day) alive. However, there are also indications
that Kinross is in the process of shutting down its Kettle River
Mill, which would make the Greenwood Mill the only processing
facility available in the camp.
With only about 400 m of the potential 1,500 m strike length
(based on soil and rock sampling) already being drilled off, the
COD Vein remains open at depth, to the south, and to the north
where gold showings are present some 100 m away, as a video from Ximen demonstrates.
Ximen, GGX and Golden Dawn are controlling some of the largest
properties in the Greenwood Mining Camp, whereas staking and
acquisitions by others have increased lately.
Today, Ximen also announced that its option
partner has begun the spring 2019 drilling on the Gold Drop
Property, focussing on the C.O.D. Vein (C.O.D. stands for
“Continuation of Dentonia”; the Dentonia is another gold-quartz
vein in the camp that was historically mined). The C.O.D Vein was
first targeted in 2017. For 2019, the drilling will be initially
aimed at extending and in-filling the ore shoot of high-grade
gold-silver-tellurium mineralization that was intersected in 2018.
Following this, the Everest vein to the south, and the C.O.D.
extension to the north will be drill-tested. Below pictures from
Ximen’s news-release show the arrival of drilling equipment and an
excavator.
The Brett Gold Project
Rockstone is looking forward to follow Ximen‘s 2019 plans to
aggressively advance its 100% owned Brett Epithermal Gold Project
near the city of Vernon in southern British Columbia (a 2h drive to
the Greenwood Mill).
This large property (~20,000 hectares) hosts potential for both
high-grade (bonanza grades) and low-grade (bulk tonnage)
mineralization, possibly evolving as a candidate for
blending with material from other projects
stockpiled at a central processing facility. In this respect: What
makes this project attractive is the low sulfide
mineralization, which translates into simple
metallurgy (95% gold recovery).
“The Brett Gold property was acquired by Ximen in late 2013...
Prior to its acquisition, previous work on the Brett property from
the early 1980’s through to 2004 included over 15,000 metres of
diamond drilling and 459 meters of underground development.
Exploration work on the epithermal gold property by Ximen in 2014
included ground magnetics/VLF-EM, soil geochemistry,
biogeochemistry, rock sampling, geological mapping, induced
polarization and 2,977 meters of diamond drilling. Thirteen drill
holes were drilled to test geological, geochemical and geophysical
targets. All of the holes were drilled to test new targets that
were untested, or only minimally tested, by historic work on the
property. Widespread alteration was identified in several areas.
Some core samples from the drilling program reveled high gold
intersections. Two new high-grade gold-bearing zones were
identified, with results including 34.18 g/t Au over 0.9 m from one
zone and 16.7 g/t Au over 1.5 m from the second. Significant
intervals of bulk tonnage gold mineralization were also
intercepted, including 1.77 g/t Au over 31 m, 1.88 g/t Au over
16.55 m and 0.82 g/t Au over 33 m. In 2016, Ximen drilled sixteen
drill holes totaling 2,364 m on specific targets which resulted
from geological interpretation conducted on cross-sections. Some
core samples from the drilling program revealed high gold
intersections. Drill hole 16-1 intercepted an interval with 18.95
g/t Au over 1 m, drill hole 16-2 intercepted an interval with 3.13
g/t Au over 1.1 m, drill hole 16-11 intercepted 13.35 g/t Au over
0.58 m and drill hole 16-17 intercepted 5.7 g/t Au over 0.5
m.“ (Source: Ximen‘s news-release of October 31,
2018)
Background
During strongly rising gold prices in 2007 and early 2008, the
Greenwood Mill and the underground access of the Lexington Mine was
completed.
In April 2008, production commenced at a time when the gold
price was starting to trend lower due to the global financial
crisis. During the 9 months of operation, the gold price dropped
sharply from around $1,000 to $700 USD/ounce.
Upated Chart
In December 2008, when the gold price just started to trend
higher again, the previous owner (Merit Mining Corp.) ceased
operations as the metal prices were obviously too low and costs too
high. Golden Dawn´s 2016 Preliminary Economic Assessment (PEA)
calculated all-in sustaining cash costs of 820 USD/oz gold, whereas
the updated June 2017 PEA indicated
all-in sustaining cash costs of 786/oz gold). Subsequently, the
Lexington Mine and the Greenwood Mill were put on care and
maintenance.
In early 2016, Golden Dawn acquired the Greenwood Mill along
with the past producing Lexington and Golden Crown Mines, just
about when the gold price ended a 4 year downtrend.
 The Greenwood Mill is a modern processing
facility with a nominal daily throughput capacity of 212 t/day
(72,000 t/year), upgradable to 424 t/day with the addition of a
second primary grinding mill and modifications to existing rougher
flotation circuit. The mill‘s conventional processing can produce a
gold gravity concentrate and copper-gold flotation concentrate,
both marketable to smelters for immediate cash-flow. The near-by
tailings pond, pictured above in the background, has a permitted
capacity of 400,000 t.
As of March 2018, Golden Dawn was progressing towards production
at the Lexington Mine and Greenwood Mill: “Permits have been
obtained, the Lexington Mine has been dewatered (which took longer
than anticipated due to greater water volume), the mill has been
organized and readied to be operational within a month’s notice,
underground equipment has been repaired, and the shop and offices
at the portals of the Lexington Mine have been rebuilt.“
In May, the company was eyeing to initiate trial mining
in August 2018. A month later in June, Golden Dawn provided a last project update
before announcing in July that Mr.
Wiese is “unable to carry out the duties of his office due to a
medical situation“.
As no project or management update was reported thereafter – and
as it became increasingly clear that Mr. Wiese may never return to
the business world – Golden Dawn‘s share price declined from
>$0.50 in early 2018 to $0.025 in late 2018, and currently
trades at $0.055 with a market capitalization of around $4 million
CAD (69,712,345 shares issued).
Anderson to the Rescue!
Now, Chris Anderson has the opportunity to take the reins in his
hands to achieve a turnaround for Golden Dawn and its shareholders,
while simultaneously being the President and CEO of Ximen.
Christopher R. Anderson (pictured above) is President, CEO and
Director of Ximen Mining Corp. He brings over 30 years of
entrepreneurial experience with an astute emphasis on strategic
planning, communications and creative marketing. He has been
instrumental in facilitating tens of millions of dollars of
financing for both public and private enterprises. With a specific
focus on mining over the last decade, Mr. Anderson successfully
navigated the waters of one of the toughest bear markets in mining
history.
Golden Dawn stated in today‘s news-release, “The Company’s board
believes that his success, prior to this appointment and working
for his own account, in negotiating a debt restructuring
opportunity with the Company’s major credit makes him ideally
situated provide this assistance to the Company. The Company
expects that Mr. Anderson’s role as interim CEO will be reviewed by
the board of directors by the end of July 2019.“
In February 2019, Ximen announced that Dr. Mathew Ball
(P. Geo.) – Golden Dawn‘s Chief Geologist, COO, and Interim CEO –
has been appointed as Ximen‘s Vice President of Exploration. Dr.
Ball is a highly experienced geologist who knows well the Greenwood
District and the permitting procedures in British Columbia as he
was working to get the Greenwood Mill facility, along with the
Lexington Mine, permitted and operational for Golden Dawn. Before
the many years that he worked for Golden Dawn, Dr. Ball was
President and COO of the Bralorne Gold Mines in British
Columbia.
As per today‘s news from Golden Dawn, Dr. Ball “has agreed to
continue to provide his services as Chief Operating Officer and has
further agreed to accept an appointment as President of the
Company“.
“Every sunset brings the promise of a new dawn.” — Ralph W.
Emerson
As I have visited Golden Dawn‘s properties and its Greenwood
Mill in May 2017, and personally met Dr. Ball, Mr. Wiese and his
team for the first time there, I sincerely hope that Mr. Anderson
can turn Golden Dawn around for the benefit of its shareholders and
that he can finish the job which Dr. Ball and Mr. Wiese were
working hard to achieve, and for what they successfully laid the
essential groundwork.
Mr. Wiese‘s many years of hard work to the age of 72 – along
with his vision to revive the historic Greenwood Mining District
with modern exploration, mining and processing for decades to come
– will be remembered.
Wolf Wiese underground at the Lexington Mine in March 2018.
(Source)
Interview with Chris Anderson, CEO of Ximen, at the PDAC
2019:
Ellis Martin Interview with Chris Anderson (April 14,
2019):
Link to the interview: http://www.abnnewswire.net/press/en/96839/Ximen
Previous Coverage
Report #9: “Ximen takes a
shot at history, focuses on acquiring the Kenville Gold Mine“
Report #8: “Industry
inquiries persuade Ximen‘s partner to re-assay drill core for
tellurium“
Report #7: “Ximen Hires
B.C. Mining Expert Dr. Mathew Ball“
Report #6: “Location is Key
for Ximen‘s Treasure Mountain Project in Southern British
Columbia“
Report #5: “The
Unprecedented Gold-Silver-Tellurium Strikes in the Historic
Greenwood Mining Camp Continue“
Report #4: “Record-Breaking
Gold Hit in Southern British Columbia“
Report #3: “Strong drill
results and appreciating precious metals prices may herald golden
times for Ximen Mining“
Report #2: “Ximen Mining reveals
striking drill core observations ahead of assays“
Report #1: “Ximen Mining:
Hunting for Multi-Million Ounces in British Columbia“
Technical Perspective
Link to updated chart (15 min. delayed): http://schrts.co/nVvegNqV
Link to updated chart (15 min. delayed): http://schrts.co/pFkjWngW
Company Details
Ximen Mining Corp.
888 Dunsmuir Street – Suite 888
Vancouver, BC, Canada V6C 3K4
Phone: +1 604 488 3900
Email: office@ximenminingcorp.com
www.ximenminingcorp.com
Shares Issued & Outstanding: 33,136,125
Chart
Canadian Symbol (TSX.V): XIM
Current Price: $0.78 CAD (04/12/2019)
Market Capitalization: $26 Million CAD
Chart
German Symbol / WKN (Frankfurt): 1XMA / A2JBKL
Current Price: €0.497 EUR (04/12/2019)
Market Capitalization: €17 Million EUR
Disclaimer: This report
contains forward-looking information or forward-looking statements
(collectively "forward-looking information") within the meaning of
applicable securities laws. Forward-looking information is
typically identified by words such as: "believe", "expect",
"anticipate", "intend", "estimate", "potentially" and similar
expressions, or are those, which, by their nature, refer to future
events. Rockstone Research, Ximen Mining Corp. and Zimtu Capital
Corp. caution investors that any forward-looking information
provided herein is not a guarantee of future results or
performance, and that actual results may differ materially from
those in forward-looking information as a result of various
factors. The reader is referred to the Ximen Mining Corp.´s and
Zimtu Capital Corp.´s public filings for a more complete discussion
of such risk factors and their potential effects which may be
accessed through the Ximen Mining Corp.´s and Zimtu
Capital Corp.´s profile on SEDAR at www.sedar.com. Please read the full
disclaimer within the full research report as a PDF (here) as fundamental risks and
conflicts of interest exist. The author, Stephan
Bogner, holds a long position in Ximen Mining Corp., Golden Dawn
Minerals Inc. and Zimtu Capital Corp. and is being paid by Zimtu
Capital Corp. for the preparation, publication and distribution of
this report, whereas Zimtu Capital also holds a long position in
Ximen Mining Corp. and Golden Dawn Minerals Inc. The author
currently does not hold any equity positions or other kind of
interest in GGX Gold Corp. or any other mentioned company. Ximen
Mining Corp. has paid Zimtu Capital Corp. to provide this report
and other investor awareness services.
Contact:
Rockstone Research
Stephan Bogner (Dipl. Kfm.)
8260 Stein am Rhein,
Switzerland
Phone: +41-44-5862323
Email: info@rockstone-research.com
www.rockstone-research.com
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