(TheNewswire)
Vancouver, British Columbia - TheNewswire - January 7, 2021 - (TSXV:XND) (FSE:1XI)(OTC:XNDRF) (“Xander” or the “Company”) is pleased to announce that drilling on the Senneville Claim Group inVal-d’Or East is now scheduled to commence in February 2021. Thisminor delay is the result of the current COVID related restrictions inQuebec. The Val-d’Or Senneville Claim Groups comprise of over 90 sq.km and is contiguous to Probe Metals new discovery, contiguous toMonarch Gold and in close proximity to QMX Gold projects.
Xander’s Senneville Claim Groups are located in theeastern part of the Abitibi Greenstone Belt, about 25 km northeast ofthe gold mining center of Val-d’Or, which extend from the LacorneBatholith in the west to the contact area of the Pascalis Batholith inthe east, contiguous to Probe Metals new discovery. (Probe Metal pressrelease Oct. 28, 2020).
The Company plans to drill the first 3 holes of a 9hole 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 just off Route397 Nord and 22 km North of Val-d’Or, Quebec. Gold-bearing zones inthis 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)).
James Hirst, CEO of the Company stated, “We areextremely encouraged by the results announced by other companies whoare actively conducting successful exploration programs in proximityto our Senneville Claim Groups. We are contiguous to Probe Metals whoare currently active on the Pascalis Gold Trend where they announceddrilling results of 5.9 g/t Au over 9.2 metres. Probe also announcedthe discovery of two new gold zones, one of which returned 94.1 g/t Auover 0.6 metres. 2.5 kms to the south and contiguous to Probe Metalsis QMX Gold who are expanding their Bonnefond deposit where theyreported 6.48 g/t Au over 73.2 metres. To our north we are contiguousto Monarch Gold who, on November 2, 2020, announced their acquisitionby Yamana Gold for approximately $152 million, effectively sellingtheir Wasamac underground project to Yamana. Wasamac has proven andprobable reserves 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 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 for Mineral Projects, has reviewed andapproved the geological information reported in this newsrelease.
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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