(Kitco News) - Ximen Mining (TSXV: XIM) announced Wednesday that further to its news release of December 16, 2022 the company has now received the first draft of one of two permits expected.
The company said that its management received the Draft Environment permit for review on Friday December 23, 2022, and has had an initial look at the terms and conditions and everything appears to be in order and as expected.
Ximen noted that in summary, 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, adding that the balance of items is mostly related to clerical and administrative clarity.
“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,” Ximen said in its press release.
The company pointed out it 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. 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,” the company said.
“There is nothing unexpected and things appear to be straight forward from here. Once the bond amount is determined and the permit boundary defined, we expect to immediately receive a draft for final review,” Ximen added.
In 2019, Ximen acquired 100% of the former producing Kenville gold mine crown granted mineral claims and the surface rights along with all existing permits, infrastructure and equipment.
Ximen said that its mission is to exploit the high-grade vein structures with current technology and become a high-grade producing gold mine while concurrently exploring the limits of the reserve. The estimated life expectancy of the mine is 20 + years.
