Xander Resources
TSXV:XND
Gold Exploration in Canada’s Abitibi Greenstone Belt
Gold Exploration in Canada’s Abitibi Greenstone Belt
The Abitibi Greenstone Belt, which spans the border between Quebec and Ontario, Canada, is the world’s largest mineral-rich greenstone geological belt, hosting many major gold and base metal deposits. The prolific region contains a gold-mining history unsurpassed by most gold districts. It has yielded a spectacular 180 million ounces of gold since the discovery of its first mining camps in the early 1900s.
The Abitibi combines the perfect storm of government stability and high-grade mineralization discovery potential. One company looking to make the next big discovery is Xander Resources (TSXV:XND, OTCQB:XNDRF, FWB:1XI), a junior exploration company focused on developing highly prospective gold properties within Canada. The company currently has three projects located across three gold camps on the Abitibi Greenstone Belt.Quebec is a prolific mining jurisdiction with a tier one mining status. The jurisdiction hosts high-grade mineralization and numerous precious metal occurrences. Additionally, the government-supported mining environment, rich resource networks and skilled local workforces give Xander Resources exceptional positioning in its mining development and exploration.
Xander Resources has the potential to mimic the discovery potential of the assets of its neighboring companies, including Monarch Mining (TSX:GBAR) and Probe Metals (TSXV:PRB), which in October 2020 announced drill results of 5.9 g/t gold over 9.2 meters and 94.1 g/t gold over 0.6 meters.
Xander Resources is currently advancing its Timmins Nickel project and Val-d’Or - Senneville project. The Timmins mining camp is one of the most highly prolific mining districts in the world and has been in production for over 100 years. Established in 1923 as a gold rush town, the Val-d’Or is still producing gold, copper, lead, lithium and zinc to this day.
In November 2022, Xander Resources commenced its maiden drill program at the Timmins Nickel Project focused on trends identified by earlier airborne electromagnetic surveys, particularly those near Canada Nickel’s (TSXV:CNC) recently identified Reid Discovery which, through earlier drilling, has already been tested to contain a mineralized footprint of 90 percent.
In October 2022, Xander Resources entered into an option agreement to acquire 100 separate mineral claim blocks, comprising over 21 square kilometres located contiguous to the west of the company’s existing Timmins North claims. With the acquisition of these claims, the company's Timmins North Block now consists of 343 claims that are not only near Canada Nickel Company's (CNC) Crawford Project but also adjacent to its recent Reid Discovery.
Xander Resources’ management team comprises world-class experts in finance, geology and mineral exploration. The company’s solid leadership roster primes it for significant mining success and economic prosperity.
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