Business
Xander Resources Provides Exploration Update
(TheNewswire) Vancouver, British Columbia – TheNewswire - September 8,...
About this update from Core Critical Metals Corp.
[{"type":"text","content":"Xander Resources Provides Exploration 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 September 8, 2022 – Xander Resources Inc.\n(“Xander” or the “Company”) (TSXV:XND) (OTC:XNDRF) (FSX:1XI)\n \n \n is pleased to provide an exploration update at\nits Timmins Nickel Project located near Timmins, Ontario.\n \n \n \n \n The Company is pleased to announce that\n \n \n EarthEx Geophysical Solutions Inc. has completed the\nUAV‑borne magnetic survey over specific targets at the northern\nclaim block and is presently awaiting the results. A total of 145\nline-kilometres at 50 metre line-spacing with 500 metre tie-lines was\nflown as part of the UAV‑borne magnetic survey.\n \n \n \n \n The Company is also pleased to announce that it has\nreceived the initial results of its 3D Magnetic Inversion Study using\nhistorical VTEM data. The data confirms that there are multiple\nconductors present that have the potential for hosting massive sulfide\nnickel deposits similar to the discoveries nearby by Canada Nickel\nCompany.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n Figure\n \n \n 1 - Inversion of\nelectromagnetic data as a Voxel Overlain with coloured elevation\n \n \n \n The Company will work in the coming weeks to integrate\nthe results from its UAV-born magnetic survey with the final results\nof the Inversion Study. The Company remains on track to commence\ndrilling the project beginning Fall 2022 and is currently accepting\nbids from drill contractors. As indicated previously, a minimum of\n2,500 metres is anticipated to be drilled over two (2) months, with\nthe drill hole list and plan to be finalized following the completion\nof inversion works.\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 forw...