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Xander Resources Commences Second Phase of Drilling Program for Timmins Nickel Project; Reviews Lithium Opportunities in the James Bay Region of Quebec
(TheNewswire) Vancouver, British Columbia – TheNewswire - February 13, 2023 ...
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[{"type":"text","content":"Xander Resources Commences Second Phase of Drilling Program for Timmins Nickel Project; Reviews Lithium Opportunities in the James Bay Region of Quebec\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 February 13, 2023 – Xander Resources Inc.\n(“Xander” or the “Company”) (TSXV:XND) (OTC:XNDRF) (FSX:1XI)\n \n \n is pleased\n \n \n to announce\nthat it has initiated the second phase of its fully financed drill\nprogram at its Timmins Nickel Project (the “\n \n \n Property\n \n \n ”) located\nin Timmins, Ontario.\n \n \n \n \n The drill program will comprise a minimum of 1,500\nmetres across six (6) drill holes and will continue Xander’s\nstrategy of targeting geophysical anomalies on its claims that are on\ntrend and/or adjacent to properties where Canada Nickel Company (CNC)\nhas identified significant nickel mineralization:\n \n \n \n \n \n \n Three (3) drill holes, NKV23-A, NKV23-B, and NKV23-C,\nwill be drilled in the northern part of the Company’s “North\nBlock” of claims along trend with CNC’s Mahaffy and Nesbitt\nproperties. Both properties have been drilled by CNC, with the first\ntwo drill holes at Nesbitt returning significant intersections of\nmineralization with intervals of visible disseminated sulphides\nconsistent with the Higher Grade Zone at CNC’s Crawford Project\nwhere a preliminary economic assessment indicates a 25-year mine with\nan after-tax NPV (net present value) with 8-per-cent discount rate of\n$1.2-billion (\n \n \n \n http://bit.ly/3YMsYFi\n \n \n \n ,\n \n \n \n http://bit.ly/3E3b3CB\n \n \n \n ).\n \n \n \n \n \n \n \n \n Three (3) drill holes, NKV23-D, NKV23-E, and NKV23-F,\nwill be drilled in the in the Company’s “South Block” of claims\nthat are adjacent to CNC’s MacDiarmid Project where CNC announced\nits second major discovery in the Timmins Camp with a target that is\napproximately 15% larger than Canada Nickel’s original Crawford’s\nMain Zone discovery (\n \n \n \n https://bit.ly/3RVjMfI\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 Figure\n \n \n 1 - Location of drill holes\ncomprising the second phase of Xander's ma...