Magnor Exploration Inc. & Xander Complete Follow-up Work ON Historic Fenelon GOLD Showing
XANDER RESOURCES INC.
MAGNOR EXPLORATION INC. & XANDER COMPLETE FOLLOW-UP WORK
ON HISTORIC FENELON GOLD SHOWING
Vancouver, British Columbia / October 15, 2020 - Xander Resources Inc. (TSXV: XND)
(FSE: 1XI) (OTCQB:XNDRF) (the “Xander” or the “Company”) is pleased to announce that
Magnor Exploration Inc in collaboration with Xander’s team have delineated the historical gold
showings on surface at the 100% ow ned Blue Ribbon Property in the Fenelon Gold Camp.
Xander’s Blue Ribbon Property is south of the discovery by Wallbridge Mining who
announcedon Tuesday, October 13, 2020, a $112 million 2020-2021 exploration and
development on their Fenelon Gold Property to complete drilling and underground development.
The focus of Magnor Exploration on the Blue Ribbon Property was to follow-up on the Xander’s
summer program and better define an old trench first discovered by government geologist
Jerome Remick and further confirmed and strengthened by government geologist Sylvain
Lacroix. Magnor identi fied, compile d, took surface samples and open ed-up as much of the
surface shear zone as possible , garnering a further understanding of what the government
geologists found.
Government geologist Jerome Remick described the Blue Ribbon gold showing as a shear zone
with ankerite-quartz in sheared diorite with minor sulphides (pyrite and chalcopyrite) o ver 100
feet of strike length. The occurrence was interpreted as ‘vein type’ mineralization. (refer to
Xander press release July 8, 2020).
Government geologist Sylvain Lacroix’s recovery of gold from the site with a value of 8.5 g/t Au
from a trench (refer to Xander press release July 8, 2020) illustrates the significance of Jerome
Remick’s initial discovery.
Magnor successfully carried out geological mapping utilizing a UAV for Magnetometric over a
selected area to aide in drill hole collar coordinates for a winter drilling program. They also
completed stripping of several trenches and built two drill pads for future drilling. Numerous
chip channel samples were taken that have since been forwarded to Chemex Labs for analysis.
Grab samples evidencing Jerome Remick’s original findings were found but their exact origin is
unknown at this time. Further work including drilling is planned once all the above work is
interpreted and analysis results are received.
Jim Hirst, CEO state d, “We expect that t he results of our most recent work will confirm this
historical surface gold showing in the Fenelon Gold Camp . It will also provide new data to
support our planned drill program designed to further delineate the previous findings by
Provincial geologists with up to 8.5 g/t Au . The October 13, 2020 announcement by Wallbridge
Mining CEO, Marz Kord that “Approximately 10-15% of our drilling will be devoted to regional
exploration on the Company’s district-scale and underexplored land package on the Detour -
Fenelon Gold trend further supports Xander’s belief in the potential of the Blue Ribbon
Property.”
About Xander Resources:
Xander Resources is a junior exploration firm focused on developing accretive gold properties
within Canada. The company currently has a focus on projects located within the Provinces of
Ontario and Quebec.
ON BEHALF OF THE BOARD OF DIRECTORS
James H. Hirst, CEO
Tel: 778.709.3398
Email: [email protected]
Website: www.xanderresources.ca
For Xander French Inquiries:
Rémy Scalabrini, Maricom Inc.
Tél: (888) 585-6274
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.