(TheNewswire)
TheNewswire - November 19, 2020 - Xander Resources Inc.(TSXV:XND) (FSE:1XI) (OTC:XNDRF) ("Xander" or the "Company") is pleased to announce that ground exploration of its Vald'Or East Senneville Property has been completed by its Geologicalteam. The Val-d'Or Senneville Claims comprise of over 90 sq. kms andare contiguous to Probe Metals and Monarch Gold and are in closeproximity to QMX Gold, all of which have active gold discoveries.
Xander's Senneville Claim Group is located in theeastern part of the AbitibiGreenstone Belt , about 25 km northeast of thegold mining centre of Val-d'Or, Quebec. The Claim Group is comprisedof 151 claims in three groups which extend from the Lacorne Batholithin the west to the contact area of the Pascalis Batholith inthe east. Probe Metals announced the new discoveries and are currentlydrilling to expand their Val-d'Or East Project. (see the Probe Metals press release October 28,2020) .
Utilizing the recent Orix Geoscience researchcompilation, the Company's Geologist's have completed a ground surveyof the Sennenville South Group of Claims. 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)). The 500-meter-long trench immediatelywest of Route 397 Nord was studied and five (5) channel and three (3)manual samples were taken from sites nearby.
The rocks observed are mainly of composition basalticand pyroclastic while the structure is characterized by a welldefined, shear zone containing quartz-carbonate veinlets (Stockwork)and brecciated areas, veins of tension, folds (kink) and faults. Themineralization consists of trace pyrite, pyrrhotite and chalcopyrite.These minerals are mostly associated within a network of quartzveinlets (stockwork) present in the rock and are fine grained andrarely in clusters. The weathering consists of chlorite and silica,magnetite and carbonate and locally ankerite.
An old trench approximately 75 meters in length, calledthe Cere zone, that was excavated in 1946 and returned a value of 49.5 g/t Au (manual sample) was examined. Water completely covered otherstructures that could not be examined. An examination of the blockscoming from the excavation of the trench was made using the BeepMatand three (3) samples were taken. A mirror fault was noted in thesouth and a rusty quartz vein of more than 20 centimeters was sampled.The blocks examined were of the same composition as the rocks mappedin the trench.
Compilation of Orix Geoscience reported historical Goldreferences in Senneville South Group of Claims (Area Map alongsideRoute 397 Nord, 22 km North East of Val-d'Or)
Drilling locations have been targeted for the area anda plan prepared for a systematic program to position 9 drill holes inthe area East-South-East of the Cere Gold zone.
The 2012 boreholes SV-12-01 (9.7 g/t Au) and SV-12-03(11.03 g/t Au) will be doubled (twinned) in order to confirm the three(3) previously intersected Gold zones. The other 7 holes werepositioned further east with the objective of extending themineralized zones and providing a better understanding of thestructures containing these intersections.
James Hirst, CEO stated, "To the North Xander'sSenneville Claim Group is contiguous to Monarch Gold which, onNovember 2, 2020, announced their acquisition by Yamana Gold forapproximately $152 million, effectively selling their Wasamacunderground project to Yamana. Wasamac has proven and probablereserves of 1.8 million ounces of gold at 2.56 g/t. To the South,Xander's Senneville Claim Group is contiguous to Probe Metals which,on October 20, 2020, announced expansion drilling with four drillscurrently active on the Pascalis gold trend where recent drillingresults of 5.9 g/t Au over 9.2 metres werereported. Probe also announced the discovery of two new gold zones,one of which returned 94.1 g/t Au over 0.6 metres. Just like ourFenelon project we are in the right place at the righttime."
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
For Xander French Inquiries:
Remy Scalabrini, Maricom Inc.
Tel: (888) 585-6274
Email: rs@maricom.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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