Precious Metals

Vancouver, British Columbia TheNewswire - December 1, 2021 Xander Resources Inc. is pleased to announce the appointment of Adrian Smith as a director of the Company, effective immediately. Mr. Smith is currently the CEO of ArcPacific Resources Corp. and President, director of M3 Metals Corp., director of Go Metals Corp. and a director of Usha Resources Ltd. Mr. Smith is a professional geologist with over a decade of ...

(TheNewswire)



Vancouver, British Columbia TheNewswire - December 1, 2021 Xander Resources Inc. ("Xander" or the "Company") (TSXV:XND) (OTC:XNDRF) (FSX:1XI) is pleased to announce the appointment of Adrian Smith as a director of the Company, effective immediately.

Mr. Smith is currently the CEO of ArcPacific Resources Corp. and President, director of M3 Metals Corp., director of Go Metals Corp. and a director of Usha Resources Ltd. Mr. Smith is a professional geologist with over a decade of experience in the capital markets and mineral exploration and development sector. He has successfully executed multiple exploration programs and corporate strategies, including the acquisition, development and optioning of the Mohave Gold project in Arizona, USA during his time as CEO of M3 Metals Corp.

The Company also announces the resignation of Marsha Panar as a director of the Company.  The Company wishes to thank Ms. Panar for her contributions to the Company and wishes her the best in her future endeavors.

Deepak Varshney, P.Geo., President and CEO of the Company, commented, "We are thrilled to welcome Adrian to our board as an independent director. He brings a wealth of knowledge with extensive mining industry and capital markets experience. We believe his skill set complements those of our existing board members and that he will be a tremendous resource for Xander as we continue to execute on our strategy, drive growth and build long-term shareholder value for the Company."

Property Transaction

The Company also announces that, further to its news release of August 20, 2021, it has entered into a mineral property purchase and sale agreement (the " Agreement ") with QL Minerals Inc., of Toronto, Ontario (the " Purchaser ") whereby the Company has agreed to sell to Purchaser 100% of its rights title and interest of 39 claims located in the township of Senneville, Quebec, Canada (the " Property ").

The Purchaser plans on listing its common shares for trading on a Canadian stock exchange in the coming months and, to this effect, following execution of the Agreement, has signed a separate agreement with PetroCorp Group Inc. as part of its go-public transaction.

As consideration for the purchase of the Property, the Purchaser has agreed to issue the Company 400,000 common shares in the capital of the Purchaser (the " Consideration Shares ") at a deemed price of $0.25 per Consideration Share for aggregate consideration of $100,000.

Deepak Varshney, P.Geo., President and CEO of the Company, commented : "Xander is looking forward to working with the team at QL Minerals, which we expect will have a very exciting value proposition for investors. Xander's share position in QL Minerals gives our shareholders the opportunity to benefit substantially from the expected growth and success of this new battery metals company. Following completion of this sale, we still own 171 claims as part of our Senneville Project where we will be moving forward with a gold-focused exploration program, particularly in the east adjacent to Monarch Mining's claims and the McKenzie Break deposit."

About Xander Resources Inc.

Xander Resources Inc. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada focused on developing accretive gold and battery metal 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 deposits 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) projects, 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 newly acquired nickel-sulphide project in Timmins, Ontario near Canada Nickel's MacDiarmid and Crawford Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

Deepak Varshney, P.Geo., President and CEO

For more information, please phone Dan Samartino, Investor Relations, at 778-962-0234, email ir@xanderresources.ca , 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.

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

Xander Resources

Xander Resources

Overview

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.

Keep reading... Show less
roll of US bills

Top Stories This Week: Gold Drops After FOMC Meeting, How Low Can it Go?

Gold took a tumble this week, although it started the period strong.

The yellow metal traded between about US$1,835 and US$1,850 per ounce from Monday (January 24) to Wednesday (January 26), but dropped mid-week. It was just over US$1,785 by Friday (January 28) afternoon.

So what happened to gold? The major event this week was the year's first Federal Open Market Committee (FOMC) meeting, which took place from Tuesday (January 25) to Wednesday.

Keep reading... Show less
Endurance Invited And Exhibiting at AME Roundup Core Shack Featuring High-Grade Drill Intersections From The Reliance Gold Project BC

Endurance Invited And Exhibiting at AME Roundup Core Shack Featuring High-Grade Drill Intersections From The Reliance Gold Project BC

Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to announce that the Company will be exhibiting, in-person and by special invitation, at the 2022 AME Roundup Conference Core Shack located at the Vancouver Convention Centre West on Monday, January 31 and Tuesday, February 1.

Display Drill Core will include representative core from the four best holes drilled by the Company at the Reliance Gold Property (the "Property") in 2021 from drill holes spread along a 750 m trend which returned 15.7 gpt gold over 24.8 m including 26.96 gpt gold over 4.1 m, 8.47 gpt gold over 24.9 m including 16.27 gpt gold over 10.5 m, 8.62 gpt gold over 24.4 m including 17.02 gpt gold over 4.3 m, and the most recent drill announced last week of 1.70 gpt gold over 62.1 m.

Keep reading... Show less
Metals Creek Resources CEO Alexander Stares

Metals Creek Resources CEO Alexander Stares: Advancing Two Top-notch Properties in Ontario

Metals Creek Resources (TSXV:MEK) provided an update on its Dona Lake and Ogden gold projects in Ontario.

Metals Creek Resources CEO Alexander Stares shared, “We've been hitting some really nice stuff at Ogden. We just finished SGH soil sampling and we're in the process of doing deep-section IP. We're going to put all this data together, and we should be able to generate some really good drill targets. In about three weeks, we'll be back in Timmins drilling again. In my opinion, these are two top-notch properties. What more could an investor ask for?”

Keep reading... Show less

Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 2021 Results

Franco-Nevada Corporation is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of US$0.32 per share payable on March 31, 2022 to shareholders of record on March 17, 2022 (the "Record Date"). This is a 6.7% increase from the previous US$0.30 per share quarterly dividend and marks the 15 th consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada's IPO in December 2007 are now receiving an effective 10.7% yield on their cost base. The Board of Directors has determined to move its annual dividend reviews earlier in the year than prior practice starting with 2022. The dividend policy will now be reviewed at the beginning of the fiscal year so that any increases to the dividend will be effective for the full fiscal year rather than commencing in Q2 as in prior years. The dividend has been declared in U.S. dollars and the Canadian dollar equivalent will be determined based on the daily average rate posted by the Bank of Canada on the Record Date. Under Canadian tax legislation, Canadian resident individuals who receive "eligible dividends" are entitled to an enhanced gross-up and dividend tax credit on such dividends.

The Company has a Dividend Reinvestment Plan (the "DRIP"). Participation in the DRIP is optional. The Company will issue additional common shares through treasury at a 3% discount to the Average Market Price, as defined in the DRIP. However, the Company may, from time to time, in its discretion, change or eliminate the discount applicable to treasury acquisitions or direct that such common shares be purchased in market acquisitions at the prevailing market price, any of which would be publicly announced. The DRIP and enrollment forms are available on the Company's website at www.franco-nevada.com . Canadian and U.S. registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal at www.investorcentre.com/franco-nevada . Canadian and U.S. beneficial shareholders should contact their financial intermediary to arrange enrollment. Non-Canadian and non-U.S. shareholders may potentially participate in the DRIP, subject to the satisfaction of certain conditions. Non-Canadian and non-U.S. shareholders should contact the Company to determine whether they satisfy the necessary conditions to participate in the DRIP.

Keep reading... Show less
Quadro Resources

Quadro Announces Remaining 2021 Assay Results from Staghorn, Central Newfoundland Gold District

Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) ("Quadro" or the "Company") is pleased to announce the remaining assay results from its 2021 Staghorn gold project, Newfoundland. Further to its November 18, 2021, news release, in which the Company announced the discovery of a new gold zone intersected from the inaugural exploration drill program at its Long Lake property, in Central Newfoundland, Quadro's assays results from four drill holes at Staghorn remained overdue due to assay lab-related delays. After completing the Long Lake drilling, the drill was mobilized to Quadro's Staghorn property where an additional 891 meters were completed in four holes at the southwest end of the Marks Pond zone.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5339/111824_4ef3ac86740229f4_002.jpg

Keep reading... Show less
Metals Creek Drills 9.2 g/t Gold over 4.47 meters at the Ogden Gold Project

Metals Creek Drills 9.2 g/t Gold over 4.47 meters at the Ogden Gold Project

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce results for six holes recently drilled on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 5050 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator.

The Thomas Ogden Zone (TOG) was the main focus of the drill program, totalling 2,076 meters. By means of oriented core, the program's emphasis was to further define the orientation of high-grade cross cutting veins and mineralization, as well as determining true orientations of contacts, fold structures and faults within a very complex sequence of stratigraphy. Three of the six holes drilled had visible gold.

Keep reading... Show less

Latest Press Releases

Related News

×