- Xander Resources (XND) has signed an option agreement to acquire 100 per cent interest in 100 mineral claims located in Timmins, Ontario
- The property consists of 100 separate mineral claim blocks comprising over 21 square kilometres
- With the acquisition of these claims, the company’s Timmins North Block now consists of 336 claims
- The company plans further geophysical mapping, interpretation and sampling in order to launch a comprehensive drill program
- Xander Resources Inc. is a Canadian mineral acquisition and exploration company
- Xander Resources Inc. (XND) opened trading at C$0.03
Xander Resources (XND) has signed an option agreement to acquire 100 per cent interest in 100 mineral claims located in Timmins, Ontario.
The property consists of 100 separate mineral claim blocks comprising over 21 square kilometres that are located contiguous to the west of the company’s existing Timmins North claims.
Historical work at the property includes airborne geophysical survey work, which has delineated six drill targets in line with the existing high-priority electromagnetic anomalies within the property and numerous major and minor structures.
With the acquisition of these claims, the company’s Timmins North Block now consists of 336 claims that are not only near Canada Nickel Company’s (CNC) Crawford Project but also adjacent and along trend with CNC’s recently identified Reid Discovery which has already through early exploration delineated a mineralized footprint 90 per cent as large as Crawford.
The company’s plan is to build on the geophysical work completed through further geophysical mapping, interpretation and sampling in order to launch a comprehensive drill program.
Deepak Varshney, Xander CEO, commented on the acquisition.
“We are very pleased to have been able to add these claims to our portfolio. Our goal is to build a significant nickel footprint in this district and acquiring these claims, particularly in light of the recent large-scale discovery by CNC at its Reid property, will help us successfully move forward with that objective.”
Xander Resources Inc. is a Canadian mineral acquisition and exploration company 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 Resources Inc. (XND) opened trading at C$0.03.
