Xander Resources Acquires Permits For Fenelon Property
Xander Resources (TSXV: XND) has secured the required permitting for its 100% owned Blue Ribbon Property, located in the Fenelon Gold camp. The permitting will enabled the company to continue with its exploration of the property.
Located near Fenelon, the Blue Ribbon Property currently borders claims held by Prove Metals (TSXV: PRB), Midland Exploration (TSXV: MD), and Great Thunder Gold (CSE: GTG). The property is made up of a total of 34 claims, covering roughly 19 square kilometres, with at least one region of the property showing gold.
The advanced permitting announced this morning will allow the company to forge ahead with its exploration program, which includes the use of heavy machinery to clear an outcrop. This clearing will be focused on the area hosting the Remick trench gold showing, as the company loos to expose and expand the trench and area.
Historical work completed on the property has shown values of 8.5 grams per tonne gold over 0.76 metres. Current work being conducted on the property will assist in planning and identifying drill targets for exploration later this fall.
Xander Resources last traded at $0.25 on the TSX Venture.
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