Xander Resources Commences Drilling Program at the Senneville Gold Project
Xander Resources Commences Drilling Program at the Senneville Gold
Project
Vancouver, British Columbia / November 09, 2023 – Xander Resour ces Inc. (“Xander” or the
“Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to announce that target
generation on the Company’s Senneville Project (the “Project) is complete and drill testing of targets have
commenced. The project is located in the eastern part of the Abitibi Greenstone Belt, about 25 km northeast
of the gold mining centre of Val-d’Or, Quebec. The Company’s Se nneville Project covers over 100 km 2
and is contiguous in the South to Probe Metals’ Novador Project, host to the 2.04 Moz Monique Resource
grading 1.42 g/t Au, and in the north to Monarch Mining’s Beauf or Mine, which has produced over 1.1
Moz Au.
Highlights
Compilation of previous work is complete.
A total of six Priority-One drill targets have been developed to test the strike extension of the Cére
Gold for a total of 1,200 m.
An additional eight Priority-Two holes (1,400 m) have been deve loped as covering a potential
strike-length of 3.5 kilometres.
A compilation of historical expl oration work included a recent Terraquest airborne gradient magnetic
survey flown by Xander in 2022 and a Mobile Metal Soil survey been completed in June of 2023.
The Terraquest survey included horizontal-gradient magnetic dat a plus VLF-EM data to model the
resistivity over the Senneville Property. The survey data accurately traced out the lithological contacts and
cross-cutting structures associated with the Cére gold zone.
Using the airborne survey data, a soil sampling survey consisti ng of 650 samples covering a 3.5 kilometre
strike-length was completed. T he magnetic/VLF and soil data fr om SGS Canada in Burnaby, British
Columbia was used to develop drill targets.
Drill testing of the first target is underway. A total of six Priority-One targets totalling up to 1,200 metres
are planned.
Figure 1 ‐ Summary of Priority‐One hole locations on Senneville Property.
Qualified Person
The technical content of this ne ws release has been reviewed an d approved by Mr. Andrew Tims, P.Geo.,
a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral
Projects (“NI 43-101”).
About Xander Resources Inc.
Xander Resources Inc. is a Canadian mineral acquisition and exp loration company based in Vancouver,
BC, Canada focused on developing accretive gold and battery met al 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 mineral deposi ts 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 discovery, and contiguous in the north to Monarch Mining,
in close proximity to Eldorado Gold’s (formerly QMX Gold) proje cts, 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Deepak Varshney, P.Geo., President and CEO
For more information, please 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 in formation" under applicable Canadian securities
legislation. Such forward-looking information re flects 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 known and unknown risks, uncertainties, and other factors that
may cause the actual results and future events to differ materially from those expressed or implied by such
forward-looking information. Read ers are cautioned that such forwar d-looking information are neither
promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not
limited to, general business, economic, competitive, political and social uncertainties, uncertain and
volatile equity and capital markets, lack of availabl e capital, actual results of exploration activities,
environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays
in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company . 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. Furthermo re, the Company currently has no reserves on any of its
properties. As a result, there can be no assurance that such forward-looking statements will prove to be
accurate, and actual results and fu ture events could differ materially from those anticipated in such
statements.