Gold Exploration in the Abitibi Greenstone Belt in Quebec
This Xander Resources profile is part of a paid investor education campaign.*
The Abitibi Greenstone Belt in Quebec, 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, having yielded 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 in Quebec.
Quebec is a prolific mining jurisdiction due to its Tier One mining status. The jurisdiction hosts high-grade mineralization and numerous precious metal occurrences. Additionally, the government-supported mining conditions, rich resource networks and skilled local workforces give Xander Resources exceptional positioning in its mining development and exploration.
The company is undervalued in the region, with its market cap being the lowest among explorers in the Abitibi. Xander Resources has the potential to mimic the discovery potential of the assets of neighboring companies, including Monarch Mining (TSX:GBAR) and Probe Metals (TSXV:PRB). Probe Metals recently returned drill results of 5.9 g/t gold over 9.2 meters and 94.1 g/t gold over 0.6 meters.
Xander Resources’ flagship Senneville claim group consists of three separate properties in the Val-d’Or gold camp within the Abitibi Greenstone Belt within relatively close proximity to one another: Senneville East, Senneville South and Senneville West. The properties leverage excellent infrastructure, easy access and widespread high-grade gold mineralization.
The company’s second l property is the Blue Ribbon property in the Fenelon gold camp. Blue Ribbon comprises 48 claims and shows active mineralization and exploration possibilities aligned with mining giants like Probe Metals, Midland Exploration (TSXV:MD), Great Thunder Gold (TSX:GTG) and Goldseek Resources (TSX:GSK).
In January 2021, Xander announced plans to enter an option agreement to acquire a 100 percent interest in the 35 mineral claims located in Waswanipi, Quebec, known as the Bachelor North property. The asset, located in the Urban Barry gold camp, hosts widespread gold mineralization and excellent discovery potential in relation to its geographical neighbors.
Xander has commenced a major drilling program on the Senneville claim group, followed by advanced exploration of its well-positioned Bachelor North property and Blue Ribbon properties in 2021. Long-term plans for the company include further acquiring highly prospective gold properties across Canada, which could transition it to a major gold production player globally.
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.
Xander Resources’ Company Highlights
- Xander Resources is a junior exploration company focused on developing well-positioned and valuable gold properties within Canada. The company operates three highly prospective gold projects across three gold camps along the prolific Abitibi Greenstone belt.
- The company’s current asset portfolio includes the Senneville claims group in Val-d’Or, the Blue Ribbon property in the Fenelon gold camp and the Bachelor North property in the Urban Barry gold camp.
- The Abitibi Greenstone Belt in Quebec is the world’s largest mineral-rich geological belt and hosts many major gold and base metal deposits.
- Xander’s market cap is one of the lowest in the Abitibi region, which advantageously places Xander amongst mining giants at a competitive investment price.
- Xander is excited for its intended drill program and exploration campaigns across its three key projects, which are underexplored.
Xander Resources’ Key Projects
Senneville Claim Group (Val-d’Or Gold Camp)
Xander Resources currently has three separate properties that make up the Senneville Claim Group in the Val-d’Or gold camp: Senneville East, Senneville South and Senneville West.
Xander’s Senneville group has the potential to mimic the discovery potential of neighboring assets, including Monarch Mining and Probe Metals, the latter of which returned recent drill results of 5.9 g/t gold over 9.2 meters and 94.1 g/t gold over 0.6 meters.
At Senneville South, drill program results from 2012 included two holes with mineralization at grades of 9.79 g/t and 11.03 g/t gold over 1 meter. Xander closed the purchase option to acquire 100 percent of Senneville South in September 2020.
In September 2020, Xander received the necessary permitting and conducted an exploration program as well as a successful magnetic geophysical survey campaign where multiple gold and base metal occurrences were returned. A drill program is planned for 2021.
Senneville East’s 62 claims cover the intersection between the Lanaudiere Formation Volcanics and the Pascalis Batholith. Prospecting on the property began in August 2020.
The Senneville West property consists of 80 claims located 20 kilometers northeast of Val d’Or, Quebec. In 2009, the property was partially investigated for massive sulfide potential and currently presents the company with exciting gold discovery possibilities.
Blue Ribbon Property (Fenelon Gold Camp)
The Blue Ribbon property comprises 48 claims that cover approximately 1,885 hectares and is the only property in the camp with gold discovered at surface.. Ideal positioning places the asset 11 kilometers southwest of the Wallbridge Mining (TSX:WM) Fenelon project, which reported drill results of 22.73 g/t gold over 48.01 meters and 43.47 g/t gold over 19 meters. Additionally, the property is contiguous with Probe Metals, Midland Exploration and Great Thunder Gold, and nearby Goldseek Resources.
Bachelor North Property (Urban Barry Gold Camp)
The Bachelor North property sits in the Urban Barry gold camp, one of the most active exploration camps in the world. The camp currently hosts 8 million ounces of gold with area investment by a major mining player, Kirkland Lake Gold (TSX:KL). The property is accessible via the 113 road from Chapais to Waswanipi.
The rock profile covering the property ranges from felsic to mafic compositions, pointing to potential orogenic gold with granitic masses. Drilling from 1980 reported a silver showing of 8.6 g/t. The property remains relatively underexplored.
The company plans to conduct groundwork followed by sonic drilling during the 2021 exploration season. Till soil at surface level allows for a very cost-effective first pass of exploration work to generate targets.
Xander Resources’ Management Team
James Hirst — CEO
James Hirst is a business executive with over 40 years of extensive experience in corporate governance of public companies. He is experienced in management, having acted as a director, president and CEO of several junior resource companies involved in mineral and oil and gas exploration.
Zara Kanji — CFO
Ms. Kanji, CPA, is experienced in financial reporting and compliance for junior listed companies, taxation, general accounting and financial reporting. She is the founder of Zara Kanji & Associates, CPA (est.2004)
Dwayne Yaretz — Corporate Secretary
Dwayne Yaretz is a seasoned entrepreneur with more than 25 years of experience in corporate leadership. He has acted for several private and publicly traded companies in various capacities, including as president, CEO and corporate secretary.
Michael Dehn — Chief Advisor
Michael Dehn has over 25 years of solid experience in Canada’s exploration and mining industry. Between 1994 and 2005, he worked as an exploration geologist and later became the senior geologist with Goldcorp. During his 11 year tenure with Goldcorp, Dehn played a vital role in Goldcorp’s regional exploration programs within the Red Lake gold district of Northern Ontario.
Eric Allard — P.Eng
Mr. Allard is a geological engineer with 20 years’ experience in project and operations management for exploration mining, oil & gas and construction engineering. Mr. Allard has held various positions as VP operations in junior mining companies in Canada and Africa and has been managing a geophysical services company in Canada for the last 10 year.
Donald Baxter — P. Eng
Don Baxter is one of the premier graphite experts outside of China, having built one of only two producing graphite mines in North America. Don is presently Chief Executive Officer and Director of Applied Graphite Technologies. He is also a Director is Ceylon Graphite (TSXV:CYL).
Paul Mcguigan — P.Geo.
Mr. McGuigan has 45 years international experience in economic geology and mineral exploration management, spanning grassroots exploration through to mine feasibility and mining operations. He has operated in West Africa, the Middle East, the SW Pacific, and North and South America.
*Disclaimer: This profile is sponsored by Xander Resources (TSXV:XND). This profile provides information which was sourced by the Investing News Network (INN) and approved by Xander Resources in order to help investors learn more about the company. Xander Resources is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Xander Resources and seek advice from a qualified investment advisor.