(TheNewswire)
Vancouver, British Columbia – TheNewswire - December 29, 2020 - (TSXV:XND) (FSE:1XI)(OTC: XNDRF) (“Xander” or the “Company”) is pleased to announce that Drill permits for 9 holes has been filedand approved by the Quebec Government for the Senneville Claim Groupin Val-d’Or East. The Val-d’Or Senneville Claims comprises of over 90 sq. km and is contiguous to Probe Metals new discovery, contiguous to Monarch Gold and in close proximity to QMX Gold projects.
Xander’s Senneville Claim Groups are located in theeastern part of the AbitibiGreenstone Belt , about 25 km northeast of thegold mining center of Val-d’Or, which extend from the LacorneBatholith in the west to the contact area of the Pascalis Batholith in the east , contiguous to ProbeMetals new discovery. (Probe Metal press releaseOct. 28, 2020)
The Company is permitted to drill 9 holes totaling over3,000 meters in its upcoming drilling campaign to confirm thesuccessful drilling program done on the property in 2012. The sitesare just off Route 397 Nord and 22 km North ofVal-d’Or, Quebec. Gold-bearing zones in this area are associatedwith shear zones, faults, tension fractures and tectonic breccias andgenerally associated with syn-volcanic intrusions (ref: GM68366 gardenisland report page 24 (section deposit type))
Drill pads will be set shortly and Xander has retainedMagnor Exploration Inc. to conduct the drilling program which isscheduled to commence as soon as logistics and COVID rules permit.
Drilling will follow up on the underexplored area alongthe strike trend of the 2012 program reported in the Company’s pressrelease dated November 19, 2020.
Options Granted:
Xander Resources has awarded options totaling 600,000shares at $0.15 cents for a period of 5 Years to two officers and aconsultant of the Company.
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 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
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
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