xander group

Xander Stakes Additional Senneville Claims, Drops Bachelor North Property and Director Resignation

(TheNewswire)



August 20, 2021 TheNewswire - Xander Resources Inc. (TSXV:XND) (FSE:1XI) (OTC:XNDRF) (" Xander " or the " Company ") is pleased to announce it has staked an additional 39 claims contiguous to its Senneville West Lithium property. This increases the total number of claims controlled by the Company from 171 to 210, or about 25,000 acres (10,000 hectares) in total area. The claim block extends in an east-west direction to cover the splays of Lithium mineralized structures and observed alteration zones found on the Senneville West claims. The Company's Senneville Claim Group now comprises of five contiguous properties totalling 210 claims (100 sq km) referenced as Senneville South 9 claims, Senneville West 80 claims, and Senneville East 62 claims and 20 additional claims acquired in April, 2021 plus the 39 new claims known as Senneville Xander Claims.


Click Image To View Full Size

The Company has retained Andrew Tims, P.Geo to review and design a preliminary exploration program to map and sample the Lithium and other mineralization potential of these new claims and all the claims comprising the Senneville Claim Group. Work is expected to commence shortly and further drilling of the remaining 6 holes of the 9-hole drill program will commence later in the year.

The Company has decided not to proceed any further with the Bachelor North Property and to concentrate its financial and exploration resources on the Lithium, Gold and other mineral potential of the Senneville Claim Group.

The Company also announces that Benoit Chotard has resigned as a director of the Company, effective immediately. The Company extends its appreciation to Mr. Chotard for his past contribution to the Company and wishes him well in his future endeavors.

James Hirst, CEO of the Company states "The recent addition of Deepak Varshney, P.Geo to our board of directors and the input of Andrew Tims, P.Geo significantly increases Xander's geological expertise to ensure a thorough and systematic exploration of our extremely well positioned properties in the  historic Val-d'Or Mining Camp."

About Xander Resources Inc.

Xander Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada. 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 of over 100 sq. km and is contiguous in the South to Probe Metals' new discovery, and contiguous in the North to Monarch Mining and in close proximity to Eldorado Gold's (formerly QMX Gold ) projects in the Val-d'Or Mining Camp .

ON BEHALF OF THE BOARD OF DIRECTORS

James Hirst, CEO
Telephone: (236) 607-5490
For more information please visit our website:
www.xanderresources.ca
Email:
info@xanderresources.ca
Investor Relations:
ir@xanderresources.ca Dan Samartino

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

The Conversation (0)
Xander Resources (TSXV:XND)

Xander Resources

Gold Exploration in Canada’s Abitibi Greenstone Belt

Gold Exploration in Canada’s Abitibi Greenstone Belt Keep Reading...
Gold bar and nuggets with text reading "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Lighthouse Gold Shines with 78 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Reuters reported on Friday (June 19) that a Panamanian government-led audit of First Quantum... Keep Reading...
David Nicholas, gold and silver bars.

David Nicholas: Gold's Next 30 Days — 10 Percent Price Pop?

David Nicholas, co-founder of XFunds, shares his outlook for gold, calling it "very constructive." In his view, it wouldn't be surprising to see an 8 to 10 percent price increase in the next 30 days. "I think gold and silver are the next trades to do really well here," Nicholas said.Don't forget... Keep Reading...
three gold bars stacked on top of each other

DGCX Introduces First Same-Day Physical Gold Contract in Gulf

The Dubai Gold and Commodities Exchange (DGCX) will launch the Gulf region’s first same-day physically settled spot gold contract on Monday (June 22), providing bullion dealers a regulated alternative to traditional over-the-counter markets.The Gold Spot T+0 Contract allows refineries, brokers,... Keep Reading...
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Dips Back Below US$4,300 as New Fed Chair Holds Rates Steady

The US Federal Reserve held its first meeting with new Chair Kevin Warsh from Tuesday (June 16) to Wednesday (June 17) as a US-Iran peace deal is on the table and the US economy is in the midst of a three-year inflation high alongside a resilient labor market. The central bank held the federal... Keep Reading...
Jeffrey Christian, gold bars.

Jeffrey Christian: Gold, Silver, PGMs — My Summer Price Outlook

Jeffrey Christian, managing partner at CPM Group, shares his summer outlook for gold and silver prices, saying he expects consolidation within a volatile range. However, as the year continues, he believes both precious metals could move back toward highs seen earlier in 2026. Platinum and... Keep Reading...

Interactive Chart

Latest Press Releases

Related News