Xander Resources (TSXV: XND) this morning announced that it has completed its historical compilation work for the Senneville East and South claim groups, located in the Val-d’Or, Quebec mining camp. The historical compilation was conducted ahead of an exploration program, with highlights from the data including historical grab samples yielding up to 49.5 g/t gold.
The work completed on historical data for the properties involved acquiring and compiling data from both government and previous assessment reports conducted for the property. The company also built a two dimensional GIS dataset while digitalizing geological features such as structures, trenches, and surface sample locations. Lastly, historical drill data was reviewed with a focus on gold mineralization.
The historical compilation was completed by the company ahead of its fall and winter exploration program. The program has been designed to validate historical work for accuracy and to further prove out the property.
Sponsored · Altamira Gold Corp.
There were several discoveries in relation to the property in connection with the data compilation, primarily focused on the Senneville South Claim Group. Previous work conducted on the property, as well as the East claim groups, were primarily focused on VMS discoveries rather than the discovery of gold.
Historical grab samples identified as belonging to the Gustave Cere Showing on the South claim group have recorded values as high as 49.5 g/t gold from grab samples, while a channel sample revealed 6.5 g/t over 1.8 metres. Historical drilling was conducted along strike for 180 metres, with values as high as 9.70 g/t gold over 1.0 metre being returned. Furthermore, one lone hole drilled 296 metres to the east along strike interesected 11.03 g/t gold over 1.0 metre.
The remainder of the Senneville property is said to not have been systematically explored for gold. As a whole, Xander’s Senneville project covers 158 claims, with the northern border being contiguous with Monarch Gold’s (TSX: MQR) McKenzie Break property, and the southern border being contiguous to Probe Metals’ (TSXV: PRB) Val d’Or East property.
Xander Resources last traded at $0.18 on the TSX Venture.
FULL DISCLOSURE: Xander Resources is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Xander Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
