(TheNewswire)
TheNewswire - November 16, 2020 -Xander Resources Inc. (TSXV:XND) (FSE:1XI) (OTC:XNDRF) (" Xander " or the"Company") is pleased to announce further advancement of its100 Percent owned Blue Ribbon Property ("the Property") inthe Fenelon Gold camp. The Property is located south-west of the Wallbridge Mining Fenelon GoldProject . The Property borders Probe Metals,Midland Exploration and Great Thunder Gold.
Exploration work was recently completed on the propertyaround the showing first discovered by Government geologist JeromeRemick in 1969 and where a Gold value of 8.5 g / t Au over0.76 meters was found. (RP-564). The current work consisted ofexcavation of 4 trenches 3 to 7 meters wide by 20 to 30 meters inlength and groving on 35.3 meters of rock for a total of 40 samples.These samples were sent for gold analysis to the ALS Geochemistrylaboratory in Val D'Or and the results are pending.
A number of old trenches were observed and themineralization on the property is contained in a diorite shale rockaltered to ankerite and silica with small quartz veins. Themineralization is represented by millimeter grains of pyrite andchalcopyrite (1 to 4%). The envelope of this zone is approximately 10meters and visible for approximately 50 meters of length. The natureof the very wet ground slowed down further excavation work.
Analysis of the UAV Drone high resolution magnetometer survey completed in October indicates that the site where the recent excavation worktook place is located in a magnetic hollow south of two faults . TheMagnetometer was completed over a 1.5 km by 1.5 km grid over the BlueRibbon historical trenching and Gold Showing in the Fenelon Gold Camp .
Two drill pads have been prepared at the Blue Ribbon,Fenelon discovery site and drilling is expected to commence during thewinter months when access is more accessible.
James Hirst CEO stated "We are anxious to see theresults of our recent channel sampling of this historical gold showingarea structure and the commencement of a preliminary drilling test.The results of this test will provide valuable information so that wecan develop a more extensive drilling program in 2021. The recentannouncements by WallbridgeMining to our north and Great Thunder Gold toour East about their future Fenelon drilling programs reinforces ourbelief that we are in the right place at the right time."
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 within the Provinceof Quebec.
Daniel Turcotte, P.GEO. an Independent Qualified Person(" QP ") as such term is defined by National Instrument 43-101- Standards of Disclosure forMineral Projects , has reviewed and approved thegeological 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, neighbouring 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) 2020 TheNewswire - All rights reserved.