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Xander Resources Announces Accelerated Buyout of Senneville Properties
(TheNewswire) Vancouver, British Columbia – TheNewswire - Octo...
About this update from Core Critical Metals Corp.
[{"type":"text","content":"Xander Resources Announces Accelerated Buyout of Senneville Properties\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n October 27, 2021 - Xander Resources Inc.\n(TSXV:XND) (FSE:1XI) (OTC:XNDRF)\n \n \n (the\n \n \n “Company”\n \n \n )\n \n \n announces that it has completed the\naccelerated buyout of the three options comprising the Senneville\nClaim Group:\n \n \n \n \n The Company’s Senneville Claim Group that covers\n \n \n over 100 sq km and is contiguous in the South to\nProbe Metals’ new discovery, and contiguous in the north to Monarch\nMining and in close proximity to Eldorado Gold’s (formerly QMX Gold)\nprojects in the Val-d’Or Gold Camp.\n \n \n The\nSenneville Claim Group is located in the eastern part of the Abitibi\nGreenstone Belt, about 25 km northeast of the gold mining center of\nVal-d’Or, Quebec. The claims extend from the Lacorne Batholith in\nthe west to the contact area of the Pascalis Batholith in the east.\nThe Senneville West Property geology is east of the North American\nLithium Deposit with proven and probable reserves of 17.06 Mt grading\n0.94% Li2O, and measured and indicated resources of 33.24 Mt grading\n1.19% Li2O; Great Thunder Gold‘s Chubb Lithium property and East of\nthe Sayona Mining Authier Lithium Deposit.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Val-d’Or Senneville South\nProperty\n \n \n \n \n Further to the news release dated September 11, 2020,\nannouncing the property option agreement dated May 27, 2020 with\nOptionor1, the Company has completed the accelerated buyout of the\nexclusive option to purchase a 100% interest in and to the Company’s\nSenneville South Property is comprised of three complete cells, five\npartial cells and one old-style lot, totalling an area of 370\nhectares.  The Company paid the cash balance of $35,000 and issued\n140,000\n \n \n common shares (the “\n \n \n Shares\n \n \n ”) of the\nCompany to Optionor1 at a deemed price of $0.16 per Share.\n \n \n The Shares are subject to the applicable hold\nperiods in accordance with securities laws in Canada and the Exchange\npolicies.\n \n \n \n \n The Company fulfilled the option exploration\nrequirements with a preliminary three-hole ...