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.
- 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 that extends from Ontario to Quebec in Canada.
- The company’s current asset portfolio includes the Timmins Nickel Project, the Senneville claims group in Val-d’Or, and the Blue Ribbon property in the Fenelon 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.
Timmins Nickel Project
Xander Resources owns two separate properties that make up the Timmins-Nickel Claim Group totalling 393 claims – with 343 claims to the west of Canada Nickel’s Crawford Main Resource, and 50 claims in the south, contiguous to Canada Nickel’s MacDiarmid Block.
- The Timmins Nickel project has 393 claims totalling approximately 75 square kilometres in a well-established camp with infrastructure and a long history of mining
- The North Block is composed of 343 claims located approximately 21 kilometres west of Canada Nickel Company’s (CNC’s) Crawford Project and adjacent to the Reid Discovery
- The “South Block” consists of 50 claims contiguous to Canada Nickel’s MacDiarmid Project
- Southwest of Kingsmill, Mahaffy-Aubin & Nesbitt North, projects actively being explored by CNC in 2021
- CNC recently acquired a further 13 additional target properties within a 95 kilometre radius of Crawford and is actively seeking out additional targets
Val-d’Or Gold Camp - Senneville
The Val-d’Or Gold Camp was established in 1923 as a gold rush town where gold, copper, zinc, lead and lithium are still extracted to this day. Xander Resources currently has three separate properties – Senneville South, Senneville West and Senneville East – that make up the Senneville Claim Group in the Val-d’Or gold camp. To the north, the Senneville is contiguous to Monarch Mining (TSXV:GBAR), and to the south, it is contiguous to Probe Metals’ project where drilling results of 5.9 g/t gold over 9.2 metres were reported.
- Composed of 171 claims totalling over 102 square kilometres.
- Contiguous to Monarch Mining and Probe Metals and North of Eldorado Gold (formerly QMC).
- 2012 drill program identified 9.79 g/t gold and 11.03 g/t gold over 1.0 metres and the 2021 drill program identified 18.15g/t gold over 0.85 metres.
Fenelon Gold Camp - Blue Ribbon
The Blue Ribbon property comprises 48 claims that cover approximately 23 square kilometers and is the only property in the camp with gold discovered at surface. Ideal positioning places the asset 11 kilometers southwest of Wallbridge Mining’ (TSX:WM) Fenelon project, which reported a recent mineral resource estimate of 543,700 indicated ounces of gold. Additionally, the property is contiguous to Probe Metals, Midland Exploration and Great Thunder Gold, and nearby Goldseek Resources.
Deepak Varshney - President and CEO
Deepak Varshney is presently CEO and a director of Usha Resources Ltd. (USHA.V), a gold and copper-focused junior mining exploration company, and CEO and director of Orcus Resources Ltd., a Capital Pool Company (CPC). He is a professional geologist and has over 10 years of experience in the capital markets and mineral exploration and development sector.
Zara Kanji CFO
Zara 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.
James Walker - Director
James Walker has extensive experience in engineering and project management; particularly within mining engineering, mechanical engineering, construction, manufacturing, engineering design, infrastructure, safety management, and nuclear engineering. He is currently the CEO and president and director of Ares Strategic Mining and a director of Bayhorse Silver Inc., both TSX Venture Exchange listed issuers, and a director of Orcus Resources Ltd.
Adrian Smith - Director
Adrian 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. 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.
Eric Allard - P.Eng
Eric Allard is a geological engineer with 20 years’ experience in project and operations management for exploration mining, oil & gas and construction engineering. 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.
Paul 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.
Andrew Tims - P.Geo.
Andrew Tims is a Registered Professional Geologist in Ontario and Manitoba and a Qualified Person under NI 43-101. He is an exploration geologist with more than 30 years of experience working throughout Manitoba, Ontario and Quebec, spending significant time the Kirkland Lake-Timmins, Red Lake gold camps plus the Wabigoon area of Northwest Ontario. He has worked for Major companies including Teck Resources and Hemlo Gold Mines in Hemlo gold camp, as well as junior exploration companies before joining Rainy River Resources, in 2006, as a senior exploration geologist until it was taken over by New Gold in 2013. Andrew was part of the exploration team that developed the Rainy River resource from 550 000 ounces of gold in 2005 to over six million when it was acquired by New Gold.