(TheNewswire)
TheNewswire - March 30, 2021 - Xander ResourcesInc . ( TSXV:XND ) (FSE:1XI ) ( OTCQB:XNDRF ) (“ Xander ” or the “ Company ”) ispleased to announce that Magnor Exploration Inc., a drilling crew, andgeological staff have been mobilized to the Senneville Claim Group in the eastern region of the Val-d’Or Gold Camp where drilling is now scheduled to commence once set-up is complete. Despite previous delays beyond the control of Xander, the Company isnow ready to start the first 3 drill holes of its 9-hole maidendrilling program on the Senneville Claim Group.
Xander plans to drill the first 3 holes of a 9-holeprogram totaling over 3,000 meters to confirm the successful drillingconducted on the property in 2012 (reported in the Xander’s pressrelease dated November 19, 2020). The sites have been prepped withdrill pads which are just off Route 397 Nord and22 km North of Val-d’Or, Quebec. Gold-bearing zones in this area are associated with shear zones, faults, tension fracturesand tectonic breccias and generally associated with syn-volcanicintrusions (ref: GM68366 garden island report page 24 (section deposittype)).
Xander’s Senneville Claim Group comprise of over 90 sq. km and is contiguous in the South to Probe Metals’ newdiscovery, and contiguous in the North to Monarch Mining and inclose proximity to QMX Gold’s (soonto be EldoradoGold ) projects in the Val-d’Or Gold Camp . The Senneville Claim Group is located in theeastern part of the AbitibiGreenstone Belt , about 25 km northeast of thegold mining center of Val-d’Or, Quebec. The claims extend from theLacorne Batholith in the west to the contact area of the PascalisBatholith in the east and are contiguous to Probe Metals’ newdiscovery . (Probe Metal press release Oct. 28, 2020).
James Hirst, CEO stated, “Finally after several delays beyond our controlwe are starting our first drill program on the Senneville Claim Group. Monarch Mining are currently continuing anexploration program on strike and contiguous to Xander and we are contiguous to ProbeMetals who are currently active on theirPascalis Gold Trend where they announced drilling results of 5.9 g/t Au over 9.2meters . Probe Metals also announced thediscovery of two new gold zones in the area, one of which returned 94.1 g/t Au over 0.6 meters. T o the south and contiguous to Probe Metals is QMX Gold (soon to be Eldorado Gold ) who are expanding their Bonnefonddeposit where they reported 6.48 g/t Au over 73.2 meters. To our north weare contiguous to MonarchMining Corporation (TSX:GBAR) , formerly Monarch Gold who, on November 2, 2020, announced acquisition by Yamana Gold for approximately $152 million, of their Wasamac undergroundproject. Wasamac has proven and probable reserves of 1.8 millionounces of gold at 2.56g/t .”
About Xander Resources:
Xander Resources is a junior exploration companyfocused on developing accretive Gold properties within Canada. TheCompany currently has a focus on projects located in three gold campson the Abitibi Greenstone Belt within the Province of Quebec.
Daniel Turcotte, P.GEO. an Independent Qualified Person(“ QP ”) as such term is defined by National Instrument 43-101– Standards of Disclosurefor Mineral Projects , has reviewed and approvedthe geological information reported in this news release.
The QP has not completed sufficient work to verify thehistoric information on the Properties, particularly in regard tohistorical exploration, neighboring companies, and governmentgeological work. The information provides an indication of theexploration potential of the Xander property but may not berepresentative of expected results.
ON BEHALF OF THE BOARD OFDIRECTORS
James Hirst, CEO
Tel: (778) 998-9257
Email: jimh@xanderresources.ca
Website: www.xanderresources.ca
Copyright (c) 2021 TheNewswire - All rights reserved.