Xander Resources Engages Geotech to Fly VTEM Survey at Timmins Nickel Project
Xander Resources Engages Geotech to Fly VTEM Survey at Timmins Nickel
Project
Vancouver, British Columbia / November 22, 2021 – Xander Resour ces 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 announcing commencement of fieldwork at its Timmins Nickel
Project (the “Property”), it has contracted the services of Geotech Airborne Geophysical Surveys to carry
out a 163 line-kilometre VTEM survey.
The survey is expected to be flown in late-February and will be completed over the 50 claims contiguous
to Canada Nickel’s MacDiarmid Project that comprise the “South Block” of the Property (as shown in
Figure 1 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 discoveryi.
Figure 1 ‐ Location of the “South Claim Block”
The objective of the geophysical survey is to build upon a hist orical magnetic survey which has identified
magnetic targets indicative of mafic-ultramafic bodies favourab le to hosting magmatic sulphides. The
Company expects to have interpretations completed and initial d rill targets selected shortly thereafter for
drill testing.
Xander CEO Deepak Varshney, comments: "Utilizing th e VTEM, with its exceptional ability to identify
deep hidden structures, should provide us a much clearer picture of what targets to prioritize for our first
drill program. The VTEM data will provide the final pieces to our puzzle by connecting modern geophysics
with associated geological evidence as we work towards a potential important new discovery at our
Timmins Project."
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 phone Dan Samartino, Investor Rela tions, 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 https://canadanickel.com/wp-content/uploads/2021/10/2021-10-26-East-Zone-High-Grade-vFinal2.pdf