- Write by:
-
Friday, December 30, 2022 - 11:11:23
-
172 Visit
-
Print
Mining News Pro - In a further update to the underground development of its Kenville gold mine, Ximen Mining (TSXV: XIM) has now obtained the first draft of the two permits expected. Last Friday, the BC-focused precious metals miner received the draft environment permit for review, and had an initial look at the terms and conditions.
“Everything appears to be in order and as expected,” the company stated in a follow-up media release, adding that “most items have been discussed and agreed to over the last three years and have already been addressed, such as construction of the discharge channel.”
According to Ximen, once the remaining items have been addressed and the company has had time to give the permit a final review, the final EMS permit will be issued.
Meanwhile, Ximen is also waiting on a second draft permit from the mines department. “In calls and discussions last week, we can see the end is very near,” the company said.
“Currently the task at hand is to digitize some existing historic reports for the completion of determining the bond amount and precise boundary of the area of the permit. There is nothing unexpected and things appear to be straight forward from here. Once the bond amount in determined and the permit boundary defined, we expect to immediately receive a draft for final review,” it added.
In 2019, Ximen acquired 100% of the past-producing Kenville gold mine, consisting of Crown-granted mineral claims and surface rights, along with all existing permits, infrastructure and equipment.
The project is located 8 km west of the town of Nelson in BC’s West Kootenay region, and forms part of the company’s larger Nelson property that hosts as many as five historic mines (including Kenville). Between 1890-1954, the Kenville mine produced approximately 66,000 oz. of gold along with silver, copper, lead and zinc.
Drilling on the property between 2008 and 2012 has identified several new gold-bearing veins in widely spaced drill holes. In order to adequately define these veins and the grade continuity, Ximen decided to proceed with infill drilling from underground workings. New underground development is therefore being permitted that will access the new vein extensions.
Shares of Ximen rose 13% by 12:20 p.m. ET Thursday. The company’s market capitalization is approximately C$15.5 million.
Short Link:
https://www.miningnews.ir/En/News/622530
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
Canadian miner Teck Resources has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc ...
The Côté gold mine has poured its first doré bar as the project advances toward commercial production. The mine, located ...
NextSource Materials has submitted an application to build a downstream battery anode facility (BAF) to process graphite ...
Canada has introduced tougher national security reviews of proposed foreign investments in sensitive sectors to enable ...
Australian gold miner Ramelius Resources Ltd said on Thursday it had ended discussions with Karora Resources for a ...
No comments have been posted yet ...