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February 18, 2019
Report #7
Gold, Silver and Tellurium in
British Columbia, Canada
Ximen Hires B.C. Mining Expert Dr. Mathew Ball:
Another Perfect Team Member To Start Rolling
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: 32,179,025
Canadian Symbol (TSX.V): XIM
Current Price: $0.59 CAD (02/15/2019)
Market Capitalization: $19 Million CAD
German Symbol / WKN: 1XMA / A2JBKL
Current Price: €0.365 EUR (02/15/2019)
Market Capitalization: €12 Million EUR
Chart Canada (TSX.V)
Chart Germany (Frankfurt)
Today, Ximen Mining Corp.
announced that Mathew Ball, Ph.D,
P. Geo, has been appointed as Vice
President of Exploration.
Dr. Ball currently also serves as COO
and Chief Geologist as well as Interim
CEO of Golden Dawn Minerals Inc.
following the tragic loss of Wolf Wiese
as its CEO last summer due to a serious
medical situation at the age of 72.
Ximen now has a highly experienced
geologist who knows well the
Greenwood Mining District and the
permitting procedures in British
Columbia. Before working for Golden
Dawn Minerals, Dr. Ball held positions
as President and COO at the Bralorne
Gold Mine in southern British
Columbia.
Without doubt, today’s personnel
appointment could turn out as a major
advantage for Ximen going forward
as the company owns 3 gold projects
in southern British Columbia. Chris
Anderson, President and CEO of Ximen,
explained in today’s news:
”Ximen is most fortunate to have a
geologist of Matt Ball’s caliber join the
company. As Ximen moves forward
with its plans for underground
exploration and potential bulk
sampling, Matt is key to this process.”
Previously, Dr. Mathew Ball was working to get the Greenwood Mill facility permitted and
operational near the city of Greenwood in southern Bristish Columbia, Canada.
Dr. Mathew Ball has over 30 years
of worldwide geological experience
including underground precious
metals mine development programs.
He brings a wealth of practical
experience and knowledge of lode
and epithermal gold-silver, porphyry
copper-gold and related skarn
deposits, all of which potentially occur
in Ximen’s three 100% owned projects
in southern British Columbia.
Ximen‘s Gold Drop Project recently
made headlines with record-breaking
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 according to
an article on Mining.com (see table
to the right). Ximen has optioned the
Gold Drop Project to GGX Gold Corp.
but it is Ximen who has the right to
elect to form a joint venture in case
GGX successfully fulfills its option
agreement.
Ximen’s team member Alex Mcpherson
worked underground at the past produ-
cing Dentonia Mine, which is adjacent
to the Gold Drop Property. He knows
that area well, and how such veins are
mined. He has worked on many notable
projects across Canada and the United
States. In British Columbia, he was also
sinking shafts for Bralorne Gold Mines.
He has decades of experience in mining
and mineral exploration, has done
extensive underground work including
drifting, stoping, sinking shafts, driving
raises, timbering, blasting and much
more for a variety of private and public
companies.
Ximen’s press-release today also stated
that Dr. Ball’s “primary focus will be on
assisting the company with finalizing
permits for underground development
and drilling at Ximen’s Brett epithermal
gold project near Vernon British
Columbia. He will also be assisting
the Company with permitting bulk
samples opportunities as they may
occur on the Brett project or any of its
other British Columbia projects.”
One of the questions typically arising
when hearing the term “bulk sample”:
Where will its processing be tested?
Golden Dawn‘s Greenwood Mill facility
(see the 2 pictures to the right) has a
processing capacity of 200 t/day, which
is upgradable to 400 t/day with the
addition of a second ball mill.
However, that’s not the only processing
facility in the region.
Ximen also has Peter Cooper on
board. He has been involved in 3
successful new gold mine start-ups
and has overseen 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. See pictures below sourced from
Kinross.
2 Report #7 | Ximen Mining Corp.
Kinross‘ Kettle River Buckhorn Operation Kinross‘ Kettle River Buckhorn Operation
Golden Dawn‘s Greenwood Mill facility
The modern Greenwood Mill processing
facility was built in 2007. It was opera-
tional for only 9 months during 2008, in
part due to the global financial crisis, a
corresponding lack of financing and the
weak gold price at that time. In 2016,
Golden Dawn acquired the Greenwood
Mill complex, along with the past produ-
cing Lexington and Golden Crown mines.
3
Previous Coverage
Report #6: “Location is Key for Ximen‘s
Treasure Mountain Project“
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“
Report #7 | Ximen Mining Corp.
Link to updated chart (15 min. delayed): http://schrts.co/nVvegNqV
4
Disclaimer and Information on
Forward Looking Statements
Rockstone Research, Zimtu Capital Corp.
and Ximen Mining Corp. (“Ximen“) cau-
tion investors that any forward-looking
information provided herein is not a gu-
arantee of future results or performance,
and that actual results may differ materi-
ally from those in forward-looking infor-
mation as a result of various factors. The
reader is referred to the Ximen´s public
filings for a more complete discussion
of such risk factors and their potential
effects which may be accessed through
the Ximen´s documents filed on SEDAR
at www.sedar.com. All statements in
this report, other than statements of
historical fact, should be considered
forward-looking statements. Statements
in this report that are forward looking
include that Dr. Mathew Ball is another
perfect team member to start rolling;
that the personell appointment of Dr.
Ball could turn out as a major advantage
for Ximen going forward; that Golden
Dawn Minerals Inc.‘s Greenwood Mill
facility is not the only processing facility
in the region; that Kinross might be loo-
king for replacement feedstock to keep
its large Kettle River Mill alive. These for-
ward-looking statements are subject to
a variety of risks and uncertainties and
other factors that could cause actual
events or results to differ materially from
those projected in the forward-looking
information. Risks that could chan-
ge or prevent these statements from
coming to fruition include that Ximen
or its partners may not raise sufficient
funds to carry out their plans; changing
costs for exploration and other matters;
increased capital costs; interpretations
based on current data that may change
with more detailed information; po-
tential process methods and mineral
recoveries assumption based on limited
test work and by comparison to what
are considered analogous deposits may
prove with further test work not to be
comparable; the availability of labour,
equipment and markets for the products
produced; world and local prices for
metals and minerals; that joint venture
terms may be changed or no agreement
is reached; and even if there are con-
siderable resources on the company’s
properties or on those under control of
Golden Dawn Minerals, they may not be
minable profitably; that Kinross has or
will be shutting down / closing its Kettle
River Mill following the depletion of its
Buckhorn Gold Mine; that Golden Dawn
Minerals will file for bankruptcy and thus
its Greenwood Mill will not be available
for processing. The writer assumes no
responsibility to update or revise such
information to reflect new events or cir-
cumstances, except as required by law.
Disclosure of Interest and
Advisory Cautions
Nothing in this report should be con-
strued as a solicitation to buy or sell any
securities mentioned. Rockstone, its
owners and the author of this report are
not registered broker-dealers or financial
advisors. Before investing in any secur-
ities, you should consult with your finan-
cial advisor and a registered broker-deal-
er. Never make an investment based
solely on what you read in an online or
printed report, including Rockstone’s re-
port, especially if the investment involves
a small, thinly-traded company that isn’t
well known. The author of this report,
Stephan Bogner, is paid by Zimtu Capital
Corp. (“Zimtu”), a TSX Venture Exchange
listed investment company. Part of the
author’s responsibilities at Zimtu is to re-
search and report on companies in which
Zimtu has an investment or is being paid
to conduct shareholder communications.
So while the author of this report may
not be paid directly by Ximen Mining
Corp., the author’s employer Zimtu will
benefit from appreciation of Ximen’s and
Golden Dawn Minerals’stock prices. In
addition, the author also holds equity
of Ximen Mining Corp., Golden Dawn
Minerals Inc. and Zimtu Capital Corp., and
thus would also benefit from volume and
price appreciation of their stocks. Ximen
has paid Zimtu to provide this report
and other investor awareness services.
Overall, multiple conflicts of interests
exist. Therefore, the information provided
should not be construed as a financial
analysis but as an advertisement. The
author’s views and opinions regarding
the companies featured in reports are his
own views and are based on information
that he has researched independently
and has received, which the author as-
sumes to be reliable. Rockstone and the
author of this report do not guarantee
the accuracy, completeness, or useful-
ness of any content of this report, nor its
fitness for any particular purpose. Lastly,
the author does not guarantee that any
of the companies mentioned will per-
form as expected, and any comparisons
made to other companies may not be
valid or come into effect. Please read
the entire Disclaimer carefully. If you do
not agree to all of the Disclaimer, do not
access this website or any of its pages
including this report in form of a PDF.
By using this website and/or report, and
whether or not you actually read the
Disclaimer, you are deemed to have ac-
cepted it. Information provided is for en-
tertainment and general in nature. Data,
tables, figures and pictures, if not labeled
or hyperlinked otherwise, have been ob-
tained from Stockwatch.com, Comdirect.
de, Ximen Mining Corp., Golden Dawn
Minerals Inc. and the public domain.
Author Profile & Contact
Stephan Bogner (Dipl. Kfm., FH)
Rockstone Research
8260 Stein am Rhein, Switzerland
Phone: +41 44 5862323
Email: sb@rockstone-research.com
Stephan Bogner studied Economics,
with specialization
in Finance & Asset
Management,
Production &
Operations, and
Entrepreneurship
& International
Law, at the
International School
of Management
(Dortmund, Germany), the European
Business School (London, UK)
and the University of Queensland
(Brisbane, Australia). Under Prof. Dr.
Hans J. Bocker, Stephan completed
his diploma thesis (“Gold In A
Macroeconomic Context With
Special Consideration Of The Price
Formation Process”) in 2002. A year
later, he marketed and translated into
German Ferdinand Lips‘ bestseller
“Gold Wars“, After working in Dubai’s
commodity markets for 5 years, he
now lives in Switzerland and is the
CEO of Elementum International AG
specialized in duty-free storage of gold
and silver bullion in a high-security
vaulting facility within the St. Gotthard
Mountain in central Switzerland.
Rockstone Research is specialized
in capital markets and publicly
listed companies. The focus is set
on exploration, development, and
production of resource deposits, as
well as cannabis and technology
ventures. Through the publication
of basic geological and stock
market knowledge, the individual
company and sector reports receive
a background in order for the reader
to be inspired to conduct further
due diligence and to consult with a
financial advisor.
All Rockstone reports are being made
accessible free of charge, whereas it is
always to be construed as non-binding
research and is addressed solely to
a readership that is knowledgeable
about the risks, experienced with stock
markets, and acting on one’s own
responsibility.
For more information and sign-up for
free email newsletter, please visit:
www.rockstone-research.com
Report #7 | Ximen Mining Corp.

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Ximen Hires B.C. Mining Expert Dr. Mathew Ball: Another Perfect Team Member To Start Rolling

  • 1. February 18, 2019 Report #7 Gold, Silver and Tellurium in British Columbia, Canada Ximen Hires B.C. Mining Expert Dr. Mathew Ball: Another Perfect Team Member To Start Rolling 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: 32,179,025 Canadian Symbol (TSX.V): XIM Current Price: $0.59 CAD (02/15/2019) Market Capitalization: $19 Million CAD German Symbol / WKN: 1XMA / A2JBKL Current Price: €0.365 EUR (02/15/2019) Market Capitalization: €12 Million EUR Chart Canada (TSX.V) Chart Germany (Frankfurt) Today, Ximen Mining Corp. announced that Mathew Ball, Ph.D, P. Geo, has been appointed as Vice President of Exploration. Dr. Ball currently also serves as COO and Chief Geologist as well as Interim CEO of Golden Dawn Minerals Inc. following the tragic loss of Wolf Wiese as its CEO last summer due to a serious medical situation at the age of 72. Ximen now has a highly experienced geologist who knows well the Greenwood Mining District and the permitting procedures in British Columbia. Before working for Golden Dawn Minerals, Dr. Ball held positions as President and COO at the Bralorne Gold Mine in southern British Columbia. Without doubt, today’s personnel appointment could turn out as a major advantage for Ximen going forward as the company owns 3 gold projects in southern British Columbia. Chris Anderson, President and CEO of Ximen, explained in today’s news: ”Ximen is most fortunate to have a geologist of Matt Ball’s caliber join the company. As Ximen moves forward with its plans for underground exploration and potential bulk sampling, Matt is key to this process.” Previously, Dr. Mathew Ball was working to get the Greenwood Mill facility permitted and operational near the city of Greenwood in southern Bristish Columbia, Canada.
  • 2. Dr. Mathew Ball has over 30 years of worldwide geological experience including underground precious metals mine development programs. He brings a wealth of practical experience and knowledge of lode and epithermal gold-silver, porphyry copper-gold and related skarn deposits, all of which potentially occur in Ximen’s three 100% owned projects in southern British Columbia. Ximen‘s Gold Drop Project recently made headlines with record-breaking 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 according to an article on Mining.com (see table to the right). Ximen has optioned the Gold Drop Project to GGX Gold Corp. but it is Ximen who has the right to elect to form a joint venture in case GGX successfully fulfills its option agreement. Ximen’s team member Alex Mcpherson worked underground at the past produ- cing Dentonia Mine, which is adjacent to the Gold Drop Property. He knows that area well, and how such veins are mined. He has worked on many notable projects across Canada and the United States. In British Columbia, he was also sinking shafts for Bralorne Gold Mines. He has decades of experience in mining and mineral exploration, has done extensive underground work including drifting, stoping, sinking shafts, driving raises, timbering, blasting and much more for a variety of private and public companies. Ximen’s press-release today also stated that Dr. Ball’s “primary focus will be on assisting the company with finalizing permits for underground development and drilling at Ximen’s Brett epithermal gold project near Vernon British Columbia. He will also be assisting the Company with permitting bulk samples opportunities as they may occur on the Brett project or any of its other British Columbia projects.” One of the questions typically arising when hearing the term “bulk sample”: Where will its processing be tested? Golden Dawn‘s Greenwood Mill facility (see the 2 pictures to the right) has a processing capacity of 200 t/day, which is upgradable to 400 t/day with the addition of a second ball mill. However, that’s not the only processing facility in the region. Ximen also has Peter Cooper on board. He has been involved in 3 successful new gold mine start-ups and has overseen 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. See pictures below sourced from Kinross. 2 Report #7 | Ximen Mining Corp. Kinross‘ Kettle River Buckhorn Operation Kinross‘ Kettle River Buckhorn Operation Golden Dawn‘s Greenwood Mill facility The modern Greenwood Mill processing facility was built in 2007. It was opera- tional for only 9 months during 2008, in part due to the global financial crisis, a corresponding lack of financing and the weak gold price at that time. In 2016, Golden Dawn acquired the Greenwood Mill complex, along with the past produ- cing Lexington and Golden Crown mines.
  • 3. 3 Previous Coverage Report #6: “Location is Key for Ximen‘s Treasure Mountain Project“ 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“ Report #7 | Ximen Mining Corp. Link to updated chart (15 min. delayed): http://schrts.co/nVvegNqV
  • 4. 4 Disclaimer and Information on Forward Looking Statements Rockstone Research, Zimtu Capital Corp. and Ximen Mining Corp. (“Ximen“) cau- tion investors that any forward-looking information provided herein is not a gu- arantee of future results or performance, and that actual results may differ materi- ally from those in forward-looking infor- mation as a result of various factors. The reader is referred to the Ximen´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Ximen´s documents filed on SEDAR at www.sedar.com. All statements in this report, other than statements of historical fact, should be considered forward-looking statements. Statements in this report that are forward looking include that Dr. Mathew Ball is another perfect team member to start rolling; that the personell appointment of Dr. Ball could turn out as a major advantage for Ximen going forward; that Golden Dawn Minerals Inc.‘s Greenwood Mill facility is not the only processing facility in the region; that Kinross might be loo- king for replacement feedstock to keep its large Kettle River Mill alive. These for- ward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could chan- ge or prevent these statements from coming to fruition include that Ximen or its partners may not raise sufficient funds to carry out their plans; changing costs for exploration and other matters; increased capital costs; interpretations based on current data that may change with more detailed information; po- tential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits may prove with further test work not to be comparable; the availability of labour, equipment and markets for the products produced; world and local prices for metals and minerals; that joint venture terms may be changed or no agreement is reached; and even if there are con- siderable resources on the company’s properties or on those under control of Golden Dawn Minerals, they may not be minable profitably; that Kinross has or will be shutting down / closing its Kettle River Mill following the depletion of its Buckhorn Gold Mine; that Golden Dawn Minerals will file for bankruptcy and thus its Greenwood Mill will not be available for processing. The writer assumes no responsibility to update or revise such information to reflect new events or cir- cumstances, except as required by law. Disclosure of Interest and Advisory Cautions Nothing in this report should be con- strued as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any secur- ities, you should consult with your finan- cial advisor and a registered broker-deal- er. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s re- port, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report, Stephan Bogner, is paid by Zimtu Capital Corp. (“Zimtu”), a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu is to re- search and report on companies in which Zimtu has an investment or is being paid to conduct shareholder communications. So while the author of this report may not be paid directly by Ximen Mining Corp., the author’s employer Zimtu will benefit from appreciation of Ximen’s and Golden Dawn Minerals’stock prices. In addition, the author also holds equity of Ximen Mining Corp., Golden Dawn Minerals Inc. and Zimtu Capital Corp., and thus would also benefit from volume and price appreciation of their stocks. Ximen has paid Zimtu to provide this report and other investor awareness services. Overall, multiple conflicts of interests exist. Therefore, the information provided should not be construed as a financial analysis but as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author as- sumes to be reliable. Rockstone and the author of this report do not guarantee the accuracy, completeness, or useful- ness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned will per- form as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have ac- cepted it. Information provided is for en- tertainment and general in nature. Data, tables, figures and pictures, if not labeled or hyperlinked otherwise, have been ob- tained from Stockwatch.com, Comdirect. de, Ximen Mining Corp., Golden Dawn Minerals Inc. and the public domain. Author Profile & Contact Stephan Bogner (Dipl. Kfm., FH) Rockstone Research 8260 Stein am Rhein, Switzerland Phone: +41 44 5862323 Email: sb@rockstone-research.com Stephan Bogner studied Economics, with specialization in Finance & Asset Management, Production & Operations, and Entrepreneurship & International Law, at the International School of Management (Dortmund, Germany), the European Business School (London, UK) and the University of Queensland (Brisbane, Australia). Under Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller “Gold Wars“, After working in Dubai’s commodity markets for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain in central Switzerland. Rockstone Research is specialized in capital markets and publicly listed companies. The focus is set on exploration, development, and production of resource deposits, as well as cannabis and technology ventures. Through the publication of basic geological and stock market knowledge, the individual company and sector reports receive a background in order for the reader to be inspired to conduct further due diligence and to consult with a financial advisor. All Rockstone reports are being made accessible free of charge, whereas it is always to be construed as non-binding research and is addressed solely to a readership that is knowledgeable about the risks, experienced with stock markets, and acting on one’s own responsibility. For more information and sign-up for free email newsletter, please visit: www.rockstone-research.com Report #7 | Ximen Mining Corp.