Xander Resources Engages Drill Contractor for Timmins Nickel Project
Xander Resources Engages Drill Contractor for Timmins Nickel Project
Vancouver, British Columbia / November 9, 2022 – Xander Resourc es Inc. (“Xander” or the
“Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to announce that it has engaged
the services of Forage DCB Drilling of Rouyn-Noranda (“DCB”) to complete the near-term drill program
at its Timmins Nickel Project (the “Property”) located in Timmins, Ontario.
The drill program will commence in the coming weeks and is anti cipated to comprise between 2,500 and
4,000 metres with a focus on the Company’s “North Block” of cla ims, in particular near Canada Nickel
Company’s (“CNC”) recently identified Reid Discovery which has already through early exploration
delineated a mineralized footprint 90% as large as CNC’s Crawfo rd Project 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 NPV8% of $1.2 billion.
Deepak Varshney, CEO of Xander Resources stated: “We are very pleased to welcome and announce DCB
as our drilling partners. They are a very well-regarde d and experienced company. We look forward to
working with them to complete our maiden drill program.”
The Timmins Nickel Project
The Timmins Nickel Project consists of two (2) separate mineral claim blocks (as shown in Figure 1 below)
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 where CNC has completed a preliminary economic assessment only
20 months after the commencemen t of exploration drilling that i ndicates 25-year mine with an after-tax
NPV8% of $1.2 billion i. It is also situated southwest of Kingsmill, Mahaffy-Aubin, an d Nesbitt North,
properties acquired from Noble Mi neral Exploration by Canada Ni ckel through option agreements earlier
in 2021 ii and adjacent to CNC’s recently identified Reid Discovery which has already through early
exploration delineated a mineralized footprint 90% as large as Crawford.
The “South Block” consists of 50 claims contiguous to Canada Nickel’s MacDiarmid Project where in May
2021, Canada Nickel announced a secondary discovery through the identification of significant
intersections of mineralized dunite similar to the average mine ralization initially discovered at Crawford.
Geophysical surveys reveal that the 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 1 ‐ Location of Xander's Claims in the Timmins Camp
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 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