(via TheNewswire)
2021 Recap
Acquired a further 20 claims to add to its
Senneville Gold Project adjacent to Monarch Mining’s McKenzie Break property and Probe Metals Val-d’Or East Project (see PR datedApril 26, 2021 -https://xanderresources.ca/news/xander-increases-pressence-in-val-dor-gold-camp/).
Began exploration to assess for lithium potential on the western portion of its
Sennevile Gold Project in close proximity to the North American Lithium Deposit, Great Thunder Gold Lithium property, and Sayona Quebec Authier Lithium Deposit (see PR datedMay 6 ,https://xanderresources.ca/news/lithium-geophysical-exploration-commences-on-senneville-claim-group-val-dor/). Work completed in 2021 includes a beep mat survey, prospecting, mapping and sampling, providing valuable information for the Company to build on in 2022.
Completed an initial channel sampling program at its Fenelon Blue Ribbon Property, excavating four (4) trenches returning up to 1.42 gpt (see PR dated
May 26, 2021 -https://xanderresources.ca/news/fenelon-blue-ribbon-property-channel-sampling-program-identifies-gold-occurrences/).
The Blue Ribbon Property is the only property in the camp with visible gold at the surface and is within close proximity to Wallbridge Mining’s
Completed a maiden 980-metre drill program over 3 holes targeting high-grade gold at its
Senneville Gold Project , identifying a structure that extends at least 361 metres along strike with an interval grading 18.15 gpt Au (see PR datedJuly 14, 2021 -https://xanderresources.ca/news/xander-resources-hits-18-15-grams-a-ton-over-85-meters-at-senneville-south-property/).
Accelerated the buyout of the options at its
Senneville Gold Project , enabling the Company to better allocate its exploration expenditures and ensure more efficient utilization of financial and other resources to thoroughly and systematically explore for gold and lithium (see PROctober 27, 2021 -https://xanderresources.ca/news/xander-resources-announces-accelerated-buyout-of-senneville-properties/).
Acquired the
Timmins Nickel Project , which consists of 236 claims west of Canada Nickel Company’s (CNC)Crawford Project , where CNC has already completed a preliminary economic assessment only 20 months after the commencement of exploration drilling that indicates a 25-year mine with an after-tax NPV8%of$1.2 billion , and 50 claims adjacent to CNC’sMacDiarmid Project, where CNC has identified a target 15% larger than the original Crawford’sMain Zone discovery (see PR datedNov 1, 2021 -https://xanderresources.ca/news/xander-resources-acquires-50-claims-contiguous-to-canada-nickels-macdiarmid-project-236-claims-west-of-cncs-crawford-project/).
Upon executing the agreement, Xander immediately commenced with fieldwork and has already completed an initial reconnaissance visit for its maiden drilling program in 2022 (see PR dated
Staked and sold 39 claims adjacent to its
Senneville Gold Project . The claims were acquired for approximately$2,400 and sold for aggregate consideration of$100,000 in common shares to QL Minerals, an exciting new battery metals company that intends to go public on a Canadian securities exchange in 2022 (see PR datedDecember 1, 2021 -https://xanderresources.ca/news/xander-resources-announces-appointment-of-adrian-smith-as-a-director-and-sale-of-senneville-claims/).
Strengthened its management team by adding three professional geologists,
Deepak Varshney ,P.Geo .,Adrian Smith ,P.Geo ., andAndrew Tims ,P.Geo ., and a mining engineer,James Walker .
Deepak, Adrian and James add strong public company experience as they presently are also CEOs of Usha Resources Ltd. (USHA.V),
The Company’s new QP,
2022 Exploration Plans
The Company is budgeting
Completing further geophysical surveys and 3D inversion modelling to refine the existing targets.
Completing a 10-hole, 2,500-metre core drilling program at its North Claim block.
Completing a 3-hole, 1,200-metre core drilling program at its South Claim block.
The Company is budgeting
Completing geophysical surveys and 3D inversion modelling to develop drill targets on the eastern half of the property with a particular focus in the area adjacent to Monarch Mining and Mackenzie-break style targets.
Completing a 1,000-metre core drilling program following the development of targets.
Completing additional surveying, prospecting, and sampling to explore the lithium geology on the western portion of its claims.
The recent promising results from the Fenelon Gold Camp, particularly Wallbridge Mining’s announcement of its maiden mineral reserve estimate for their Fenelon and Martiniere deposits, has prompted the Company to accelerate its Fenelon exploration plans.
The Company intends on in the coming months to design a plan for Winter 2022 when the property is more accessible. Exploration will be focused around a showing discovered by Government geologist Jérome Remick in 1969 where a gold value of 8.5 g/t Au over 0.76 meters was reported. Two (2) drill pads have been prepared at the Site for future drilling. The Company will announce a detailed plan in 2022 upon completion of the design.
Qualified Person
The technical content of this news release has been reviewed and approved by Mr.
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Xander is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Val-d’Or,
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Forward-looking statements:
This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks,accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
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Copyright (c) 2021 TheNewswire - All rights reserved., source