(TheNewswire)
April 26, 2021 - TheNewswire - Vancouver, British Columbia - XanderResources Inc. (TSXV:XND) (FSE:1XI) (OTC:XNDRF) ("Xander" or the"Company") is pleased to announcethat pursuant to a Purchase Agreement datedApril 23, 2021 the Company has agreed to acquire a 100% interest inthe 20 mineral claims located contiguous to theSenneville Group of Claims East area of the Val-d’Or Gold Camp .
The Company has agreed to acquire the 20 New Claims inexchange for $1,340 cash payable on or beforeClosing (as defined below), 400,000 common shares on or beforeClosing, and a 2% net smelter return royalty. Closing will occur on or before the fifth dayfollowing acceptance by the TSX Venture Exchange of notice of thetransaction described herein and no later than May 15, 2021.
The new claims are contiguous to the Eastern boundaryof the Company’s SennevilleEast Claims and to the North boundary of Monarch Mining’s (TSX:GBAR) recentlyacquired claims and contiguous to Probe Metals(TSX.V:PRB) new discovery on the Southern boundary and in close proximity to Eldorado Gold(TSX:ELD-T) to the South West.
The Company’s Senneville Claim Group is located inthe eastern part of the Abitibi Greenstone Belt, about 25 km north ofthe gold mining centre of Val-d’Or. They comprise 26,000 acres inthree groups, Senneville East, Senneville West and Senneville Southand extend from the LacorneBatholith in the west to the contact area of the Pascalis Batholith in the east.
Prospecting and various geophysical programs wereconducted in 2020 and the first 3 holes of a 9-hole drill program werejust completed on the Senneville South/East claim group. (Xander newsrelease April 20, 2021.)
James Hirst, CEO states, “We are excited to acquirefurther mineral claims on the contact area of the Pascalis Batholith inour East Group of Claims that are contiguous to Probe Metals (TSX.V:PRB). Monarch Mining(TSX:GBAR) recently added mineral claims adjacent tothe East of our Claim Group signalling greater interest in theimmediate vicinity. We are pleased to be surrounded by such first ratecompanies.”
On behalf of the Board of Directors,
James Hirst, Chief Executive Officer
Tel: (236) 607-5490
Email: jimh@xanderresources.ca or info@xanderresources.ca
Website: https://xanderresources.ca/
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