Xander Resources Commences Fieldwork at Timmins Nickel Project
Xander Resources Commences Fieldwork at Timmins Nickel Project
Vancouver, British Columbia / November 4, 2021 – Xander Resources Inc. (“Xander” or the
“Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to announce that further to its
news release dated November 1, 2021, it has commenced fieldwork at its Timmins Nickel Project (the
“Property”) located in Timmins, Ontario.
The primary purpose of the initial reconnaissance program will be to build upon the airborne geophysical
survey work completed previously (Geotech’s Helicopter Borne VTEM) which has delineated a series of
high-priority electromagnetic anomalies within the Property (Figure 1) through a soil sampling program,
and to assess access for future work including its planned drill program in early 2022.
"We are thrilled to start our work program at Timmins. We look forward to the results of the
reconnaissance program as we move towards a more comprehensive program in the future" stated Deepak
Varshney, CEO of Xander Resources.
The Property
The Property consists of two (2) separate mineral claim blocks and is located within the Timmins mining
camp in Ontario, Canada, a highly prolific mining complex with over 100 hundred years of history and
Figure 1 - VTEM Conductors Identified on the "North Block"
well supported by major infrastructure including highways, rail, and relatively inexpensive hydroelectric
power.
The “North Block” consists of 236 claims located approximately 21 kilometres west of Canada Nickel
Company’s (CNC’s) Crawford Project (as shown in Figure 2 below) where CNC has completed a
preliminary economic assessment only 20 months after the commenceme nt of exploration drilling that
indicates 25-year mine with an after-tax NPV8% of $1.2 billioni. It is also situated southwest of Kingsmill,
Mahaffy-Aubin, and Nesbitt North, properties acquired from Noble Mineral Exploration by Canada
Nickel through option agreements earlier in 2021ii.
Figure 2 - Location of the "North Block"
The “South Block” consists of 50 claims contiguous to Canada Nickel’s MacDiarmid Project (as shown
in Figure 3 below) where in May 2021, Canada Nickel announced a secondary discovery through the
identification of significant intersections of mineralized dunite similar to the average mineralization
initially discovered at Crawford. Geophysical surveys reveal that t he MacDiarmid target to be
approximately 1.8 kilometres long indicating a structural footprint averaging 400 meters in width – 15%
larger than Canada Nickel’s original Crawford’s Main Zone discoveryiii.
Figure 2 - Location of the "South Block"
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 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 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 mineral 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 discovery, and contiguous in the north to Monarch
Mining, in close proximity to Eldorado Gold’s (formerly QMX Gold) projects, and east of the North
American Lithium D eposit, Great Thunder Gold‘s Chubb 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 Samartino, 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 information" under applicable Canadian securities
legislation. Such forward-looking information reflects 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. Readers 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, general business, economic, competitive, political and social
uncertainties, uncertain and volatile equity and capital markets, lack of available 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 expenditures, 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 its
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 could differ materially from those anticipated in such
statements.
i Preliminary Economic Assessment, titled "Crawford Nickel-Sulphide Project National Instrument 43-101
Technical Report and Preliminary Economic Assessment", Effective Date of May 21, 2021
ii https://canadanickel.com/wp-content/uploads/2021/04/20210422-Canada-Nickel-Acquires-Option-Properties-
final.pdf
iii https://canadanickel.com/wp-content/uploads/2021/10/2021-10-26-East-Zone-High-Grade-vFinal2.pdf