Xander Resources Private Placement Extension

Quebec is a prolific mining jurisdiction due to its Tier One mining status. The jurisdiction hosts high grade mineralization and numerous precious metal showings. In addition, government-supported mining conditions, rich resource networks and a skilled local workforce place Xander Resources in an exceptional position in its mine development and exploration.

The company is undervalued in the region as its market capitalization is the lowest among explorers in 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 reported 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 claims group consists of three separate properties in the Val d’Or gold camp within the Abitibi Greenstone Belt that are relatively close together: Senneville East, Senneville South and Senneville West. The properties take advantage of excellent infrastructure, easy access and widespread high-grade gold mineralization.

The Company’s second property is the Blue Ribbon property in the Fenelon gold camp. Blue Ribbon comprises 48 claims and shows active mineralization and exploration opportunities aligned with mining giants such as Probe Metals, Midland Exploration (TSXV:MD), Great Thunder Gold (TSX:GTG) and Goldseek Resources (TSX:GSK).

In January 2021, Xander announced plans to enter into an option agreement to acquire a 100% interest in the 35 mineral claims 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 relative to its geographic neighbors.

Xander has commenced an extensive drill program on the Senneville claim group, followed by advanced exploration in 2021 on its well-positioned Bachelor North and Blue Ribbon properties which could make it a major gold producer worldwide.

Xander Resources’ management team consists of world-class professionals in finance, geology and mineral exploration. The company’s solid leadership positions it for significant mining success and economic prosperity.

Company Highlights from Xander Resources

  • Xander Resources is a junior exploration company focused on developing well positioned and valuable gold properties in Canada. The Company has three highly prospective gold projects located in three gold camps along the prolific Abitibi Greenstone Belt.
  • The Company’s current portfolio of assets includes the Senneville group of claims in Val-d’Or, the Blue Ribbon property at the Fenelon gold camp and the Bachelor North property at the Urban Barry gold camp.
  • Quebec’s Abitibi Greenstone Belt is the world’s largest mineral-rich geological belt and hosts many large gold and base metal deposits.
  • Xander’s market capitalization is one of the lowest in the Abitibi region, which advantageously places Xander among mining giants at a competitive investment price.
  • Xander looks forward to the planned drill program and exploration campaigns at his three key underexplored projects.
  • Xander announced results from the first 3 drill holes completed on the Senneville South property confirming that gold mineralization extends over 361 metres. Brecciation consistent with epithermal gold and sulphide mineralization was observed in drill core.
  • Xander has staked an additional 39 claims contiguous to its Senneville West Lithium property, bringing the total number of claims from 171 to 210 or approximately 25,000 acres (10,000 hectares) in total.

Key projects of Xander Resources

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 reported recent drill results of 5.9 g/t gold over 9.2 meters and 94.1 g/t gold delivered at 0.6 meters.

At Senneville South, results from the 2012 drill program included two drill holes with mineralization grading 9.79 g/t and 11.03 g/t gold over 1 meter. Xander completed the call option to acquire 100 percent of Senneville South in September 2020.

In September 2020, Xander received the required permit and completed an exploration program and a successful magnetic geophysical survey campaign that returned multiple gold and base metal showings. A drill program is planned for 2021.

Senneville East’s 62 claims cover the intersection of the Lanaudiere Formation volcanoes 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 surveyed for massive sulphide potential and is currently providing the Company with exciting gold discovery opportunities.

Blue Ribbon Property (Fenelon Gold Camp)

The Blue Ribbon property consists of 48 claims covering approximately 1,885 hectares and is the only property in the camp where gold has been discovered at surface. Ideal positioning places the asset 11 kilometers southwest of Wallbridge Mining’s (TSX: WM) Fenelon project, which drilling has reported results of 22.73 g/t gold over 48.01 meters and 43.47 g/t gold over 19 meters. In addition, the property is contiguous with Probe Metals, Midland Exploration and Great Thunder Gold, as well as the nearby Goldseek resources.


Bachelor Property North (Urban Barry Gold Camp)

The Bachelor North property is located in the Urban Barry gold camp, one of the most active exploration camps in the world. The deposit currently hosts 8 million ounces of gold with area investments from a major mining company, Kirkland Lake Gold (TSX:KL). The property is accessible via Road 113 from Chapais to Waswanipi.


The rock profile covering the property ranges from felsic to mafic in composition and is indicative of potential orogenic gold with granitic masses. Drilling from 1980 returned a silver grade of 8.6 g/t. The property remains relatively underexplored.

The Company plans to conduct earthworks during the 2021 exploration season followed by sonic drilling. To surface level allows for a very cost effective first pass of exploration work to generate targets.

The Xander Resources management team

Deepak Varshney – President and CEO

Mr. Varshney is currently the CEO and Director of Usha Resources Ltd. (USHA.V), a gold and copper-focused junior mine 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.

Zara Kanji – Chief Financial Officer

Ms. Kanji, CPA, has financial reporting and compliance experience for junior public companies, tax, 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 corporate leadership experience. He has served in a variety of roles, including President, CEO and Corporate Secretary, for several private and public companies.

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 a senior geologist with Goldcorp. During his 11 years with Goldcorp, Dehn played a key role in Goldcorp’s regional exploration programs in the Red Lake Gold District of northern Ontario.

James Walker – Director

James Walker has extensive engineering and project management experience; particularly in the fields of mining engineering, mechanical engineering, design, manufacturing, construction, infrastructure, safety management and nuclear engineering. He is currently the CEO, 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

Mr. Smith is currently CEO of ArcPacific Resources Corp. and President, Director of M3 Metals Corp., Director of Go Metals Corp. and 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 sectors. During his time as CEO of M3 Metals Corp. has successfully executed multiple exploration programs and corporate strategies including the acquisition, development and optioning of the Mohave Gold Project in Arizona, USA.

Eric Allard – P.Eng

Mr. Allard is a geological engineer with 20 years of project and operations management experience in exploration mining, oil & gas and civil engineering. Mr. Allard has held various VP Operations positions in junior mining companies in Canada and Africa and has managed a geophysical services company in Canada for the last 10 years.

Donald Baxter – P.Eng

Don Baxter is one of the leading graphite experts outside of China and has built one of only two producing graphite mines in North America. Don is currently Chief Executive Officer and Director of Applied Graphite Technologies. He is also a director of Ceylon Graphite (TSXV:CYL).

Paul McGuigan – P.Geo.

Mr. McGuigan has over 45 years of international economic geology and mineral exploration management experience ranging from on-site exploration to mine and mining feasibility. He has worked in West Africa, the Middle East, the SW Pacific, and North and South America.

Andrew TimsP.Geo.

Andrew Tims is a Registered Professional Geologist in Ontario and Manitoba and a Qualified Person as defined by NI 43-101. He is an exploration geologist with over 30 years of experience in Manitoba, Ontario and Quebec and has spent time at the Kirkland Lake-Timmins, Red Lake and Wabigoon area gold camps of northwestern Ontario. He worked for major companies such as Teck Resources and Hemlo Gold Mines at the Hemlo Gold Camp, as well as junior exploration companies before joining Rainy River Resources in 2006 as a Senior Exploration Geologist until it was acquired 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 6 million ounces when it was acquired by New Gold.

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