Xander Resources Provides Exploration Update
Xander Resources Provides Exploration Update
Vancouver, British Columbia / September 8, 2022 – Xander Resour ces Inc. (“Xander” or the
“Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) is pleased to provide an exploration update
at its Timmins Nickel Project located near Timmins, Ontario.
The Company is pleased to announce that EarthEx Geophysical Sol utions Inc. has completed the
UAV-borne magnetic survey over specific targets at the northern claim block and is presently awaiting the
results. A total of 145 line-k ilometres at 50 metre line-spacin g with 500 metre tie-lines was flown as part
of the UAV-borne magnetic survey.
The Company is also pleased to announce that it has received the initial results of its 3D Magnetic Inversion
Study using historical VTEM data. The data confirms that there are multiple conductors present that have
the potential for hosting massive sulfide nickel deposits similar to the discoveries nearby by Canada Nickel
Company.
Figure 1 ‐ Inversion of electromagnetic data as a Voxel Overlain with coloured elevation
The Company will work in the co ming weeks to integrate the resu lts from its UAV-born magnetic survey
with the final results of the Inversion Study. The Company rema ins on track to commence drilling the
project beginning Fall 2022 and is currently accepting bids from drill contractors. As indicated previously,
a minimum of 2,500 metres is anticipated to be drilled over two (2) months, with the drill hole list and plan
to be finalized following the completion of inversion works.
Deepak Varshney, Xander CEO, said, "So far in 2022 it has been a year of steady progress for Xander
despite the challenges of the rapidly changing geo- economic climate and the aftermath of the COVID-19
pandemic. In late 2021 we completed an accelerate d buyout of our Sennevillle properties in Quebec and
acquired the Timmins Nickel Project. The closing of ou r oversubscribed private placement has put us in a
position where a well funded treasury now lets us fo cus on exploration and we look forward to drilling
these two excellent projects in the coming months.”
Senneville Gold Project
The Company is also pleased to announce that it has mobilized i ts technical team to its Senneville Gold
Project following the completion of the 1,150 line-kilometre, f ixed-wing, high-resolution aeromagnetic
gradiometer and digital VLF-EM survey using Terraquest Ltd.'s Matrix Digital VLF-EM frequency system.
The purpose of the visit will be to complete a ground examination of high-importance areas and to assist in
planning for a drill program planned to commence in early 2023.
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.