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Xander Resources Engages Drill Contractor for Timmins Nickel Project
(TheNewswire) Vancouver, British Columbia – TheNewswire - November 9, ...
About this update from Core Critical Metals Corp.
[{"type":"text","content":"Xander Resources Engages Drill Contractor for Timmins Nickel Project\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 November 9, 2022 –\n \n \n Xander Resources Inc. (“Xander” or the\n“Company”) (TSXV:XND) (OTC:XNDRF) (FSX:1XI)\n \n \n is pleased\n \n \n to announce that it has\nengaged the services of Forage DCB Drilling of Rouyn-Noranda\n(“DCB”) to complete the near-term drill program at its Timmins\nNickel Project (the “\n \n \n Property\n \n \n ”) located in Timmins, Ontario.\n \n \n \n \n The drill program will commence in the coming weeks and\nis anticipated to comprise between 2,500 and 4,000 metres with a focus\non the Company’s “North Block” of claims, in particular near\nCanada Nickel Company’s (“CNC”) recently identified Reid\nDiscovery which has already through early exploration delineated a\nmineralized footprint 90% as large as CNC’s Crawford Project where\nCNC has completed a preliminary economic assessment only 20 months\nafter the commencement of exploration drilling that indicates 25-year\nmine with an after-tax NPV\n \n \n 8%\n \n \n of $1.2 billion.\n \n \n \n \n Deepak Varshney, CEO of Xander\nResources stated: “We are very pleased to welcome and announce DCB\nas our drilling partners. They are a very\n \n \n well-regarded and experienced company. We\nlook forward to working with them to complete our maiden drill\nprogram.”\n \n \n \n \n The Timmins Nickel Project\n \n \n \n \n The Timmins Nickel Project consists of two (2) separate\nmineral claim blocks (as shown in Figure 1 below) and is located\nwithin the Timmins mining camp in Ontario, Canada, a highly prolific\nmining complex with over 100 hundred years of history and well\nsupported by major infrastructure including highways, rail, and\nrelatively 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 where CNC has completed a preliminary\neconomic assessment only 20 months after the commencement of\nexploration drilling that indicates 25-year mine with an after-tax\nNPV\n ...