(TheNewswire)
February 22, 2021 – TheNewswire - Xander Resources Inc. (TSXV:XND) (FSE:1XI) (OTC:XNDRF) ("Xander" or the"Company") is pleased to announce thepreparation of drill pads on the Senneville Claim Group in Val-d’OrEast where drilling is now scheduled to commence in March 2021. Thisfurther delay is due to the high demand for equipment and experiencedlabour in an unprecedented market. The level of drilling activity inQuebec combined with COVID related restrictions and a shortage ofreplacement drilling parts have all exacerbated an already highlycompetitive situation in Quebec. Despite this delay Xander isencouraged by news that Monarch Mining are currently continuing anexploration program on their contiguous claims which are on strike tothe Senneville Claim Group.
Xander’s Senneville Claim Group is comprised of over 90 sq. km and is contiguous to Probe Metals new discovery, in the South andcontiguous to MonarchMining in the North and in close proximity to QMX Gold projects in theVal-d’Or Gold Camp, soon to be Eldorado Gold . TheSenneville Claim Group is located in the eastern part of the Abitibi GreenstoneBelt , about 25 km northeast of the gold miningcenter of Val-d’Or, which extend from the Lacorne Batholith in thewest to the contact area of the Pascalis Batholith in the east,contiguous to Probe Metals new discovery (Probe Metalpress release Oct. 28, 2020).
The Company plans to drill the first 3 holes of a9-hole program totaling over 3,000 meters to confirm the successfuldrilling done on the property in 2012 (reported in the Company’spress release dated November 19, 2020). The sites are being preppedwith Drill pads and 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 has planned a $1.6 million exploration budgetfor 2021 that will complete work programs on the Senneville ClaimGroup in the Val-d’Or GoldCamp , on the Blue Ribbon Property in the Fenelon Gold Camp , and on the Bachelor North Property in the Urban Barry Gold Camp .
James Hirst, CEO of the Company stated, “Now that Monarch Mining iscurrently continuing an explorationprogram on strike and contiguous to Xander , what I saidon January 7, 2021 is worth repeating: “We are extremely encouragedby the results announced by other companies who are activelyconducting successful exploration programs in proximity to ourSenneville Claim Group. We are contiguous to Probe Metals who arecurrently active on the Pascalis Gold Trend where they announceddrilling results of 5.9 g/t Auover 9.2 meters . Probe Metals also announced thediscovery of two new gold zones, one of which returned 94.1 g/t Au over 0.6meters 2.5 kms to thesouth and contiguous to Probe Metals is QMX Gold who areexpanding their Bonnefond deposit where they reported 6.48 g/t Au over 73.2 meters. To our north we are contiguous to Monarch Mining Corporation(TSX:GBAR) , formerly Monarch Gold who, onNovember 2, 2020, announced their acquisition by Yamana Gold for approximately $152 million, effectively selling theirWasamac underground project to Yamana. Wasamac has proven and probablereserves of 1.8 million ounces of gold at 2.56 g/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
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