(TheNewswire)
Vancouver, British Columbia – TheNewswire - December 7, 2021 – Xander Resources Inc. (“Xander” or the “Company”) (TSXV:XND) (OTCQB:XNDRF) (FSX:1XI) is pleased to announce that further to its news release dated November 4, 2021, it has completed its preliminary reconnaissance program at its Timmins Nickel Project (the “Property”) located in Timmins, Ontario.
The primary purpose of the initial reconnaissance program was to build upon the airborne geophysical survey work completed previously (Geotech’s Helicopter Borne VTEM) which has delineated a series of high-priority electromagnetic anomalies within the Property (Figure 1) through a soil sampling program and to assess access for future work including its planned drill program in early 2022.
Click Image To View Full Size
Figure 1 - Location of VTEM Conductors on the North Claim Block
Andrew Tims, P.Geo., the Company’s Qualified Professional (QP) completed the site visit. A total of 115 samples were collected from outcrop and soils in the vicinity of the identified conductors for Mobile Metal Ion (MMI) extraction. Samples were submitted to SGS Minerals Lab in Burnaby, BC.
SGS Minerals Lab was chosen for processing samples from the Timmins nickel project due to their innovative trademarked MMI process. MMI uses a different approach that provides results that are more meaningful in areas of exploration where the overburden is considered deep. As such, the usage of MMI is an effective tool to characterize the nature of the buried conductors at Timmins, as the results will reflect the concentrations of elements within the underlying bedrock, providing additional valuable information as the Company prepares for its 2022 drill program.
The Property
The Property consists of two (2) separate mineral claim blocks and is located within the Timmins mining camp in Ontario, Canada, a highly prolific mining complex with over 100 hundred years of history and well supported by major infrastructure including highways, rail, and relatively inexpensive hydroelectric power.
The “North Block” consists of 236 claims located approximately 21 kilometres west of Canada Nickel Company’s (CNC’s) Crawford Project (as shown in Figure 2 below) where CNC has completed a preliminary economic assessment only 20 months after the commencement of exploration drilling that indicates 25-year mine with an after-tax NPV8% of $1.2 billioni. It is also situated southwest of Kingsmill, Mahaffy-Aubin, and Nesbitt North, properties acquired from Noble Mineral Exploration by Canada Nickel through option agreements earlier in 2021ii.
Click Image To View Full Size
Figure 2 - Location of the “North Claim Block”
The “South Block” consists of 50 claims contiguous to Canada Nickel’s MacDiarmid Project (as shown in Figure 3 below) where in May 2021, Canada Nickel announced a secondary discovery through the identification of significant intersections of mineralized dunite similar to the average mineralization initially discovered at Crawford. Geophysical surveys reveal that the MacDiarmid target to be approximately 1.8 kilometres long indicating a structural footprint averaging 400 meters in width – 15% larger than Canada Nickel’s original Crawford’s Main Zone discoveryiii.
Click Image To View Full Size
Figure 3 - Location of the “South Claim Block”
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
About Xander Resources Inc.
Xander Resources Inc. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada focused on developing accretive gold and battery metal properties within Canada. The company currently has a focus on projects located within the Provinces of Ontario and Quebec.
Xander is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Val-d’Or, Quebec, including the Senneville Claim Group which comprises over 100 sq. km and is contiguous in the south to Probe Metals’ new discovery, and contiguous in the north to Monarch Mining, in close proximity to Eldorado Gold’s (formerly QMX Gold) projects, and east of the North American Lithium Deposit, Great Thunder Gold‘s Chubb Lithium property and East of the Sayona Quebec's Authier Lithium Deposit, all in the Val-d’Or Mining Camp, plus its newly acquired nickel-sulphide project in Timmins, Ontario near Canada Nickel’s MacDiarmid and Crawford Projects.
We seek Safe Harbor
ON BEHALF OF THE BOARD OF DIRECTORS
Deepak Varshney, P.Geo., President and CEO
For more information, please phone Dan Sammartino, Investor Relations, at 778-962-0234, email ir@xanderresources.ca, or visit www.xanderresources.ca.
(TheNewswire)
Vancouver, British Columbia – TheNewswire - December 7, 2021 – Xander Resources Inc. (“Xander” or the “Company”) (TSXV:XND) (OTCQB:XNDRF) (FSX:1XI) is pleased to announce that further to its news release dated November 4, 2021, it has completed its preliminary reconnaissance program at its Timmins Nickel Project (the “Property”) located in Timmins, Ontario.
The primary purpose of the initial reconnaissance program was to build upon the airborne geophysical survey work completed previously (Geotech’s Helicopter Borne VTEM) which has delineated a series of high-priority electromagnetic anomalies within the Property (Figure 1) through a soil sampling program and to assess access for future work including its planned drill program in early 2022.
Click Image To View Full Size
Figure 1 - Location of VTEM Conductors on the North Claim Block
Andrew Tims, P.Geo., the Company’s Qualified Professional (QP) completed the site visit. A total of 115 samples were collected from outcrop and soils in the vicinity of the identified conductors for Mobile Metal Ion (MMI) extraction. Samples were submitted to SGS Minerals Lab in Burnaby, BC.
SGS Minerals Lab was chosen for processing samples from the Timmins nickel project due to their innovative trademarked MMI process. MMI uses a different approach that provides results that are more meaningful in areas of exploration where the overburden is considered deep. As such, the usage of MMI is an effective tool to characterize the nature of the buried conductors at Timmins, as the results will reflect the concentrations of elements within the underlying bedrock, providing additional valuable information as the Company prepares for its 2022 drill program.
The Property
The Property consists of two (2) separate mineral claim blocks and is located within the Timmins mining camp in Ontario, Canada, a highly prolific mining complex with over 100 hundred years of history and well supported by major infrastructure including highways, rail, and relatively inexpensive hydroelectric power.
The “North Block” consists of 236 claims located approximately 21 kilometres west of Canada Nickel Company’s (CNC’s) Crawford Project (as shown in Figure 2 below) where CNC has completed a preliminary economic assessment only 20 months after the commencement of exploration drilling that indicates 25-year mine with an after-tax NPV8% of $1.2 billioni. It is also situated southwest of Kingsmill, Mahaffy-Aubin, and Nesbitt North, properties acquired from Noble Mineral Exploration by Canada Nickel through option agreements earlier in 2021ii.
Click Image To View Full Size
Figure 2 - Location of the “North Claim Block”
The “South Block” consists of 50 claims contiguous to Canada Nickel’s MacDiarmid Project (as shown in Figure 3 below) where in May 2021, Canada Nickel announced a secondary discovery through the identification of significant intersections of mineralized dunite similar to the average mineralization initially discovered at Crawford. Geophysical surveys reveal that the MacDiarmid target to be approximately 1.8 kilometres long indicating a structural footprint averaging 400 meters in width – 15% larger than Canada Nickel’s original Crawford’s Main Zone discoveryiii.
Click Image To View Full Size
Figure 3 - Location of the “South Claim Block”
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
About Xander Resources Inc.
Xander Resources Inc. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada focused on developing accretive gold and battery metal properties within Canada. The company currently has a focus on projects located within the Provinces of Ontario and Quebec.
Xander is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Val-d’Or, Quebec, including the Senneville Claim Group which comprises over 100 sq. km and is contiguous in the south to Probe Metals’ new discovery, and contiguous in the north to Monarch Mining, in close proximity to Eldorado Gold’s (formerly QMX Gold) projects, and east of the North American Lithium Deposit, Great Thunder Gold‘s Chubb Lithium property and East of the Sayona Quebec's Authier Lithium Deposit, all in the Val-d’Or Mining Camp, plus its newly acquired nickel-sulphide project in Timmins, Ontario near Canada Nickel’s MacDiarmid and Crawford Projects.
We seek Safe Harbor
ON BEHALF OF THE BOARD OF DIRECTORS
Deepak Varshney, P.Geo., President and CEO
For more information, please phone Dan Sammartino, Investor Relations, at 778-962-0234, email ir@xanderresources.ca, or visit www.xanderresources.ca.