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Xander Resources Acquires 50 Claims Contiguous to Canada Nickel's MacDiarmid Project & 236 Claims West of CNC's Crawford Project
(TheNewswire) Vancouver, British Columbia – TheNewswire - Nove...
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[{"type":"text","content":"Xander Resources Acquires 50 Claims Contiguous to Canada Nickel's MacDiarmid Project & 236 Claims West of CNC's Crawford Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n November 1, 2021 – Xander Resources Ltd.\n(“Xander” or the “Company”) (TSXV:XND) (OTC:XNDRF) (FSX:1XI)\n \n \n is pleased to announce that it has entered into\nan option agreement (the “\n \n \n Option\n \n \n ”)\n \n \n to acquire\n(the “\n \n \n Acquisition\n \n \n ”) 100% interest in certain 286\nmineral claims (the “\n \n \n Claims\n \n \n ” and the “\n \n \n Property\n \n \n ”) located\nin Timmins, Ontario.\n \n \n \n \n The\nProperty\n \n \n \n \n The Property consists of two (2) separate mineral claim\nblocks and is located within the Timmins mining camp in Ontario,\nCanada, a highly prolific mining complex with over 100 hundred years\nof history well supported by major infrastructure including highways,\nrail, and relatively inexpensive hydroelectric power.\n \n \n \n \n The “North Block” consists of 236 claims located\napproximately 21 kilometres west of Canada Nickel Company’s\n(CNC’s) Crawford Project (as shown in Figure 1 below) where CNC has\ncompleted a preliminary economic assessment only 20 months after the\ncommencement of exploration drilling that indicates 25-year mine with\nan after-tax NPV\n \n \n 8%\n \n \n of 1.2\nbillion\n \n \n \n \n \n i\n \n \n \n \n \n . It is also\nsituated southwest of Kingsmill, Mahaffy-Aubin, and Nesbitt North,\nproperties acquired from Noble Mineral Exploration by Canada Nickel\nthrough option agreements earlier in 2021\n \n \n \n \n \n ii\n \n \n \n \n \n .\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure\n \n \n \n \n 1\n \n \n -\nLocation of the \"North Block\"\n \n \n \n \n The “South Block” consists of 50 claims contiguous\nto Canada Nickel’s MacDiarmid Project (as shown in Figure 2 below)\nwhere in May 2021, Canada Nickel announced a secondary discovery\nthrough the identification of significant intersections of mineralized\ndunite similar to the average mineralization initially discovered at\nCrawford. Geophysical\n \n \n surveys reveal that the\nMacDiarmid target to b...