Ximen Mining Proceeds with Construction Activities at Kenville Gold Mine
Ximen advances Kenville construction while facing a critical funding gap that threatens project progress.
Ximen Mining Corp. (XIM) is advancing site construction and preparation at its Kenville Gold Mine in British Columbia. The company has completed the 60-day pre-construction notice period for surface water pond drawings and successfully tied electrical power to the site, enabling crew and equipment mobilization.
Immediate milestones include completing flood retention pond liner installation by the end of September 2026 and targeting the commencement of new portal construction by the end of October 2026. Management confirmed a small crew is already on-site, with plans to expand employment as feasible.
Crucially, the company stated it continues to evaluate funding options to support site construction and mobilization, with no definitive arrangements announced yet. Technical information was reviewed by Andrew Randell, P.Geo., President and CEO of Aeonian Resources Corp., serving as the independent Qualified Person.
Ximen Mining Corp. (XIM) announced expected, incremental progress on pre-construction and engineering milestones at Kenville. The update aligns with the historical trajectory of permitting, water licensing, and engineering design releases issued over the past year.
The announcement is not market-moving. It confirms the company is executing on its stated roadmap but fails to address the most critical risk: the complete lack of announced funding to execute the next phase of construction. Given the company's critically constrained liquidity, the absence of a capital raise announcement alongside construction mobilization is a notable omission that tempers the positive operational update.
Ximen Mining Corp. (XIM) is a junior gold explorer and developer focused exclusively on British Columbia mineral properties. Its flagship asset is the Kenville Gold Mine, located in the historic Nelson mining camp in southeastern BC. The project involves reopening a past-producing mine by constructing a new underground decline to access gold-bearing quartz veins identified in surface drilling.
The company holds a 100% interest in the Kenville, Amelia Gold Mine, and Brett Epithermal Gold Project. It also holds an option on the Treasure Mountain Silver Project, which is adjacent to the Huldra mine, requiring staged cash and stock payments as well as development funding from the option partner. Ximen Mining is currently in the pre-revenue, advanced engineering and pre-construction phase at Kenville.