(TheNewswire)
Vancouver, British Columbia – TheNewswire - November 22, 2021 – Xander ResourcesInc. (“Xander” or the “Company”) (TSXV:XND) (OTC:XNDRF)(FSX:1XI) is pleased to announce that further toits news release dated November 4, 2021 announcing commencement offieldwork at its Timmins Nickel Project (the“ Property ”), it has contracted the services of Geotech AirborneGeophysical Surveys to carry out a 163 line-kilometre VTEM survey.
The survey is expected to be flown in late-February andwill be completed over the 50 claims contiguous to Canada Nickel’sMacDiarmid Project that comprise the “South Block” of the Property(as shown in Figure 1 below) where in May 2021, Canada Nickelannounced a secondary discovery through the identification ofsignificant intersections of mineralized dunite similar to the averagemineralization initially discovered at Crawford.Geophysical surveys reveal that the MacDiarmidtarget to be approximately 1.8 kilometres long indicating a structuralfootprint averaging 400 meters in width – 15% larger than CanadaNickel’s original Crawford’s Main Zone discovery i .
Figure 1 - Location of the “SouthClaim Block”
The objective of the geophysical survey is to buildupon a historical magnetic survey which has identified magnetictargets indicative of mafic-ultramafic bodies favourable to hostingmagmatic sulphides. The Company expects to have interpretationscompleted and initial drill targets selected shortly thereafter fordrill testing.
Xander CEO Deepak Varshney,comments: "Utilizing the VTEM, with its exceptional ability toidentify deep hidden structures, should provide us a much clearerpicture of what targets to prioritize for our first drill program. TheVTEM data will provide the final pieces to our puzzle by connectingmodern geophysics with associated geological evidence as we worktowards a potential important new discovery at our TimminsProject."
Qualified Person
The technical content of this news release has beenreviewed and approved by Mr. Andrew Tims, P.Geo., a qualified personas defined by National Instrument 43-101 Standards of Disclosure for MineralProjects (“ NI 43-101 ”).
About Xander Resources Inc.
Xander Resources Inc. is a Canadian mineral acquisitionand exploration company based in Vancouver, BC, Canada focused ondeveloping accretive gold and battery metal properties within Canada.The company currently has a focus on projects located within theProvinces of Ontario and Quebec.
Xander is exploring for commercially exploitablemineral deposits and is currently focused on deposits located inVal-d’Or, Quebec, including the Senneville Claim Group whichcomprises over 100 sq. km and is contiguous in the south to ProbeMetals’ new discovery, and contiguous in the north to MonarchMining, in close proximity to Eldorado Gold’s (formerly QMX Gold)projects, and east of the North American Lithium Deposit, GreatThunder Gold‘s Chubb Lithium property and East of the SayonaQuebec's Authier Lithium Deposit, all in the Val-d’Or Mining Camp,plus its newly acquired nickel-sulphide project in Timmins, Ontarionear Canada Nickel’s MacDiarmid and Crawford Projects.
We seek Safe Harbor
ON BEHALF OF THE BOARD OFDIRECTORS
Deepak Varshney, P.Geo., Presidentand CEO
For more information, please phone Dan Samartino,Investor Relations, at 778-962-0234, email ir@xanderresources.ca , or visit www.xanderresources.ca .
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
Forward-looking statements:
This news release may include"forward-looking information" under applicable Canadiansecurities legislation. Such forward-looking information reflectsmanagement's current beliefs and are based on a number of estimatesand/or assumptions made by and information currently available to theCompany that, while considered reasonable, are subject to known andunknown risks, uncertainties, and other factors that may cause theactual results and future events to differ materially from thoseexpressed or implied by such forward-looking information. Readers arecautioned that such forward-looking information are neither promisesnor guarantees and are subject to known and unknown risks anduncertainties including, but not limited to, general business,economic, competitive, political and social uncertainties, uncertainand volatile equity and capital markets, lack of available capital,actual results of exploration activities, environmental risks, futureprices of base and other metals, operating risks, accidents, labourissues, delays in obtaining governmental approvals and permits, andother risks in the mining industry.
The Company is presently anexploration stage company. Exploration is highly speculative innature, involves many risks, requires substantial expenditures, andmay not result in the discovery of mineral deposits that can be minedprofitably. Furthermore, the Company currently has no reserves on anyof its properties. As a result, there can be no assurance that suchforward-looking statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements.
i https://canadanickel.com/wp-content/uploads/2021/10/2021-10-26-East-Zone-High-Grade-vFinal2.pdf
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