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Saturday, Jun 15, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Ximen Mining acquires final permit for gold project in Nelson B.C.

The Kenville Gold Mine began operations in 1888 and is now entering a new phase

Ximen Mining acquires final permit for gold project in Nelson B.C.
Kenville Gold Mine, Nelson, B.C. Photo via Ximen Mining

Ximen Mining Corp. (TSX-V: XIM) (FRA: 1XMA) (OTCQB: XXMMF) has received the final permit needed to commence underground exploration drilling and other activities at a British Columbia mine with a long history.

On Wednesday, the Vancouver-based miner announced that it had acquired the Final Mines Act Permit for its new operations at Nelson B.C.’s Kenville gold project.

The Kenville Gold Mine has a history dating back to 1888 and was one of the province’s first underground gold mines.

Gold mineralization at the Kenville mine. Photo via Ximen Mining

Read more: Calibre Mining starts drilling at Eastern Borosi

Read more: Calibre Mining’s new drill results help solidify a 2M oz resource potential at Golden Eagle

The permit will enable Ximen to start 20,250 metres of underground exploration drilling from a new decline, establish onsite fuel storage and a waste rock storage facility, set up portable offices and install surface water management structures among other things.

“After years of working on this particular permit, the Kenville Gold Mine is now on track to becoming one of the greenest and environmentally-friendly gold mines in Southern B.C.,” said Christopher R. Anderson, CEO of Ximen Mining.

Ximen acquired the Kenville Gold Mine in 2019 and says it is very pleased to have this permit in its possession now.

“While there is still very much to do, our team’s tenacity has brought us this far and we are ready for the next phase of milestones that will finally bring this gold mine to fruition,” added Anderson.

Read more: Calibre Mining reports record gold production in Q1 2023

Read more: Calibre Mining Nicaraguan operations thrive with hub-and-spoke model: Raymond James

Artemis Gold Inc. (TSX-V: ARTG) also recently acquired the final permit needed for a major gold project in B.C. The company received a B.C. Mines Act Permit for its Blackwater gold mine in the province’s Cariboo region this March.

Artemis expects to have its initial gold pour there by the end of June next year, has ordered the initial fleet of construction equipment from Finning International Inc (TSX: FTT) and has made considerable headway with the construction of a processing plant at the site. The project is expected to contribute $13.2 billion to B.C.’s economy

Calibre Mining (TSX: CXB) (OTCQX: CXBMF) is another Vancouver-based gold producer undertaking new exploration endeavours. On Tuesday, the company announced that it had started drilling new holes at its Eastern Borosi project located in the relatively underexplored Mining Triangle in northeast Nicaragua.

Calibre’s share price has risen by almost 32 per cent over the past month and they are now worth $1.57 on the Toronto Stock Exchange.

Ximen’s shares rose by 6.67 per cent Wednesday to $0.16 on the TSX Venture Exchange.

 

Calibre Mining is a sponsor of Mugglehead news coverage

 

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