Business
Xander Resources 2022 Recap & Exploration Plan Update
(TheNewswire) Vancouver, British Columbia – TheNewswire - July 27, 202...
About this update from Core Critical Metals Corp.
[{"type":"text","content":"Xander Resources 2022 Recap & Exploration Plan Update\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n July 27, 2022 – Xander Resources Inc.\n(“Xander” or the “Company”) (TSXV:XND) (OTC:XNDRF) (FSX:1XI)\n \n \n is pleased to provide a recap of 2022 to-date\nand lay out its exploration plans for the remainder of 2022 including\nits maiden drill program for its Timmins Nickel Project located near\nTimmins, Ontario.\n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n Closing of oversubscribed non-brokered private\nplacement for the aggregate proceeds of $2,683,263.87\n \n \n \n \n \n \n Completion of several exploration milestones at the\nTimmins Nickel Project as the Company moves towards a minimum 2,500\nmetre drilling program\n \n \n \n \n \n \n Completion of a\n \n \n fixed wing\ngradient Mag-VLF survey that will be used to develop drilling targets\nat the Senneville Gold Project\n \n \n \n \n \n \n Deepak Varshney, Xander CEO, said,\n\"So far in 2022 it has been a year of steady progress for Xander\ndespite the challenges of the rapidly changing geo-economic climate\nand the aftermath of the COVID-19 pandemic. In late 2021 we completed\nan accelerated buyout of our Sennevillle properties in Quebec and\nacquired the Timmins Nickel Project. The closing of our oversubscribed\nprivate placement has put us in a position where a well funded\ntreasury now lets us focus on exploration and we look forward to\ndrilling these two excellent projects in the coming months.”\n \n \n \n \n Timmins Nickel Project\n \n \n \n \n The Company has completed multiple site visits,\nobtained permits, acquired relevant historic data from third parties,\nand begun a 3D Magnetic Inversion Study (the “Study”) using\nhistorical VTEM data as it moves towards its upcoming drill program.\n \n \n \n \n The Company has also retained EarthEx Geophysical\nSolutions Inc. to fly a UAV‑borne magnetic survey over specific\ntargets. The superior spatial precision of the UAV-acquired data will\nassist in diamond drill targeting by providing a higher resolution\nassessment of the depth to source, dip of the body and the overall\nshape and size of the bodies. The UAV-assisted magnetic survey is\nbeing flown at 50 m ...