Xander Resources Completes Reconnaissance Program at Timmins Nickel Project
Xander Resources Completes Reconnaissance Program at Timmins Nickel
Project
Vancouver, British Columbia / December 7, 2021 – Xander Resourc es Inc. (“Xander” or the
“Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to announce that further to its
news release dated November 4, 2021, it has completed its preli minary reconnaissance program at its
Timmins Nickel Project (the “Property”) located in Timmins, Ontario.
The primary purpose of the initial reconnaissance program was t o build upon the airborne geophysical
survey work completed previously (Geotech’s Helicopter Borne VT EM) which has delineated a series of
high-priority electromagnetic ano malies within the Property (Fi gure 1) through a soil sampling program
and to assess access for future work including its planned drill program in early 2022.
Figure 1 ‐ Location of VTEM Conductors on the North Claim Block
Andrew Tims, P.Geo., the Company’s Qualified Professional (QP) completed the site visit. A total of 115
samples were collected from outcrop and soils in the vicinity of the identified conductors for Mobile Metal
Ion (MMI) extraction. Samples were submitted to SGS Minerals Lab in Burnaby, BC.
SGS Minerals Lab was chosen for processing samples from the Tim mins nickel project due to their
innovative trademarked MMI process. MMI uses a different approa ch that provides results that are more
meaningful in areas of exploration where the overburden is considered deep. As such, the usage of MMI is
an effective tool to characterize the nature of the buried cond uctors at Timmins, as the results will reflect
the concentrations of elements within the underlying bedrock, providing additional valuable information as
the Company prepares for its 2022 drill program.
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 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 commen cement of exploration drilling that
indicates 25-year mine with an after-tax NPV 8% 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 Claim 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 se condary discovery through the
identification of significant intersections of mineralized dunite similar to the average mineralization initially
discovered at Crawford. Geophysi cal surveys reveal that the Mac Diarmid 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 3 ‐ Location of the “South Claim Block”
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, and east of the North American
Lithium Deposit, 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 newl y 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 phon e Dan Sammartino, Investor Rel ations, 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 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.
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