Xander Resources 2022 Exploration Plan and 2021 Review
Xander Resources 2022 Exploration Plan and 2021 Review
Vancouver, British Columbia / December 9, 2021 – Xa nder Resources Inc. (“Xander” or the
“Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to provide a corporate update
and lay out its exploration plans for 2022 includin g its maiden drill program for its Timmins Nickel
Project (the “ Property ”) located near Timmins, Ontario.
Deepak Varshney, Xander CEO, said, "2021 has been a year of steady progress for Xander despite the
challenges of the COVID-19 pandemic. We successfull y completed our maiden drill program at our
Senneville Gold Project, acquired the Timmins Nicke l Project, and have seen significant changes in
management. We have been very active on the ground at all our projects, collecting extensive data
through drilling, sampling, prospecting, and geophy sical surveys. We are excited to head into 2022 wit h
drill programs planned at 2 properties and look for ward to an aggressive exploration program in the
coming year.”
2021 Recap
• Acquired a further 20 claims to add to its Sennevil le Gold Project adjacent to Monarch Mining’s
McKenzie Break property and Probe Metals Val-d’Or E ast Project (see PR dated April 26, 2021 -
https://xanderresources.ca/news/xander-increases-pressence-in-val-dor-gold-camp/ ).
• Began exploration to assess for lithium potential o n the western portion of its Sennevile Gold
Project in close proximity to the North American Li thium Deposit, Great Thunder Gold Lithium
property, and Sayona Quebec Authier Lithium Deposit (see PR dated May 6,
https://xanderresources.ca/news/lithium-geophysical-exploration-commences-on-senneville-
claim-group-val-dor/ ). Work completed in 2021 includes a beep mat surve y, prospecting,
mapping and sampling, providing valuable information for the Company to build on in 2022.
• Completed an initial channel sampling program at it s Fenelon Blue Ribbon Property, excavating
four (4) trenches returning up to 1.42 gpt (see PR dated May 26, 2021 -
https://xanderresources.ca/news/fenelon-blue-ribbon-property-channel-sampling-program-
identifies-gold-occurrences/ ).
The Blue Ribbon Property is the only property in th e camp with visible gold at the surface and is
within close proximity to Wallbridge Mining’s Fenel on Mine Project where the current
exploration program is budgeted for $112 million an d an indicated mineral estimate of 2,670,600
oz gold was recently announced (see PR dated Novemb er 9, 2021 -
https://wallbridgemining.com/news/wallbridge-announces-mineral-resource-estimate-for-fenelon-
and-martiniere-deposits-on-detour-fenelon-gold-trend/ )
• Completed a maiden 980-metre drill program over 3 h oles targeting high-grade gold at its
Senneville Gold Project, identifying a structure th at extends at least 361 metres along strike with
an interval grading 18.15 gpt Au (see PR dated July 14, 2021 -
https://xanderresources.ca/news/xander-resources-hits-18-15-grams-a-ton-over-85-meters-at-
senneville-south-property/ ).
• Accelerated the buyout of the options at its Sennev ille Gold Project, enabling the Company to
better allocate its exploration expenditures and en sure more efficient utilization of financial and
other resources to thoroughly and systematically explore for gold and lithium (see PR October 27,
2021 - https://xanderresources.ca/news/xander-resources-announces-accelerated-buyout-of-
senneville-properties/ ).
• Acquired the Timmins Nickel Project, which consists of 236 claims west of Canada Nickel
Company’s (CNC) Crawford Project, where CNC has alr eady completed a preliminary economic
assessment only 20 months after the commencement of exploration drilling that indicates a 25-
year mine with an after-tax NPV 8% of $1.2 billion, and 50 claims adjacent to CNC’s M acDiarmid
Project, where CNC has identified a target 15% larg er than the original Crawford’s Main Zone
discovery (see PR dated Nov 1, 2021 - https://xanderresources.ca/news/xander-resources-
acquires-50-claims-contiguous-to-canada-nickels-macdiarmid-project-236-claims-west-of-cncs-
crawford-project/ ).
Upon executing the agreement, Xander immediately co mmenced with fieldwork and has already
completed an initial reconnaissance visit for its m aiden drilling program in 2022 (see PR dated
Dec 7, 2021 - https://xanderresources.ca/news/xander-resources-completes-reconnaissance-
program-at-timmins-nickel-project/ ).
• Staked and sold 39 claims adjacent to its Sennevill e Gold Project. The claims were acquired for
approximately $2,400 and sold for aggregate conside ration of $100,000 in common shares to QL
Minerals, an exciting new battery metals company th at intends to go public on a Canadian
securities exchange in 2022 (see PR dated December 1, 2021 -
https://xanderresources.ca/news/xander-resources-announces-appointment-of-adrian-smith-as-a-
director-and-sale-of-senneville-claims/ ).
• Strengthened its management team by adding three pr ofessional geologists, Deepak Varshney,
P.Geo., Adrian Smith, P.Geo., and Andrew Tims, P.Geo., and a mining engineer, James Walker.
Deepak, Adrian and James add strong public company experience as they presently are also
CEOs of Usha Resources Ltd. (USHA.V), ArcPacific Re sources Ltd. (ACP.V), and Ares
Strategic Mining Inc. (ARES.CN).
The Company’s new QP, Andrew Tims, provides the Com pany with significant technical
expertise, as he was the senior exploration geologi st at Rainy River Resources that developed the
Rainy River resource from 550,000 ounces of gold in 2005 to over six million when it was
acquired by New Gold in 2013.
2022 Exploration Plans
Timmins Nickel Project
The Company is budgeting 1.5 million dollars for ex ploration at its Timmins Nickel Project in 2022.
Exploration work will include:
• Completing further geophysical surveys and 3D inversion modelling to refine the existing targets.
• Completing a 10-hole, 2,500-metre core drilling program at its North Claim block.
• Completing a 3-hole, 1,200-metre core drilling program at its South Claim block.
Senneville Gold Project
The Company is budgeting $500,000 for exploration a t its Senneville Project in 2022. Exploration work
will include:
• Completing geophysical surveys and 3D inversion mod elling to develop drill targets on the
eastern half of the property with a particular focu s in the area adjacent to Monarch Mining and
Mackenzie-break style targets.
• Completing a 1,000-metre core drilling program following the development of targets.
• Completing additional surveying, prospecting, and sampling to explore the lithium geology on the
western portion of its claims.
Fenelon Gold Project
The recent promising results from the Fenelon Gold Camp, particularly Wallbridge Mining’s
announcement of its maiden mineral reserve estimate for their Fenelon and Martiniere deposits, has
prompted the Company to accelerate its Fenelon exploration plans.
The Company intends on in the coming months to desi gn a plan for Winter 2022 when the property is
more accessible. Exploration will be focused around a showing discovered by Government geologist
Jérome Remick in 1969 where a gold value of 8.5 g/t Au over 0.76 meters was reported. Two (2) drill
pads have been prepared at the Site for future dril ling. The Company will announce a detailed plan in
2022 upon completion of the design.
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo.,
a qualified person as defined by National Instrumen t 43-101 Standards of Disclosure for Mineral
Projects (“ NI 43-101 ”).
About Xander Resources Inc.
Xander Resources Inc. is a Canadian mineral acquisi tion and exploration company based in Vancouver,
BC, Canada focused on developing accretive gold and battery metal properties within Canada. The
company currently has a focus on projects located within the Provinces of Ontario and Quebec.
Xander is exploring for commercially exploitable mi neral deposits and is currently focused on deposits
located in Val-d’Or, Quebec, including the Senneville Claim Group which comprises over 100 sq. km and
is contiguous in the south to Probe Metals’ new dis covery, and contiguous in the north to Monarch
Mining, in close proximity to Eldorado Gold’s (form erly QMX Gold) projects, and east of the North
American Lithium Deposit, Great Thunder Gold‘s Chub b Lithium property and East of the Sayona
Quebec's Authier Lithium Deposit, all in the Val-d’ Or Mining Camp, plus its newly acquired nickel-
sulphide project in Timmins, Ontario near Canada Nickel’s MacDiarmid and Crawford Projects.
We seek Safe Harbor
ON BEHALF OF THE BOARD OF DIRECTORS
Deepak Varshney, P.Geo., President and CEO
For more information, please phone Dan Sammartino, Investor Relations, at 778-962-0234, email
[email protected] , or visit www.xanderresources.ca .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release may include "forward-looking info rmation" under applicable Canadian securities
legislation. Such forward-looking information refle cts management's current beliefs and are based on a
number of estimates and/or assumptions made by and information currently available to the Company
that, while considered reasonable, are subject to k nown and unknown risks, uncertainties, and other
factors that may cause the actual results and futur e events to differ materially from those expressed or
implied by such forward-looking information. Reader s are cautioned that such forward-looking
information are neither promises nor guarantees and are subject to known and unknown risks and
uncertainties including, but not limited to, genera l business, economic, competitive, political and so cial
uncertainties, uncertain and volatile equity and ca pital markets, lack of available capital, actual re sults
of exploration activities, environmental risks, fut ure prices of base and other metals, operating risk s,
accidents, labour issues, delays in obtaining gover nmental approvals and permits, and other risks in t he
mining industry.
The Company is presently an exploration stage compa ny. Exploration is highly speculative in nature,
involves many risks, requires substantial expenditu res, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of it s
properties. As a result, there can be no assurance that such forward-looking statements will prove to be
accurate, and actual results and future events coul d differ materially from those anticipated in such
statements.