Xander Resources (TSXV: XND) has completed follow up work on the historic Remick gold showing at its wholly owned Blue Ribbon property. Located in the Fenelon gold camp, the property is just south of Wallbridge Mining’s flagship property, where $112 million is planned to be spent over a two year period on exploration.
Delineation of the gold showing was conducted by Magnor Exploration, whom conducted follow-up work to the summer program conducted on the property by Xander. The company was tasked with identifying, compiling, and sampling the shear zone, while also opening up as much of the shear zone as was possible to get a better understanding of the mineralization.
The showing has historically been referred to as a vein type system, with a strike length of approximately 100 feet. Historically trenching subsequently assayed 8.5 g/t gold.
Additional work conducted by Magnor includes geological mapping of the area, which will be used for a planned winter drill program at site. Several trenches were also stripped in additional to building drill pads for future planned drilling. Chip channel samples from the trenching conducted were taken and sent for analysis, with results currently pending.
“We expect that the results of our most recent work will confirm this historical surface gold showing in the Fenelon Gold Camp. It will also provide new data to support our planned drill program designed to further delineate the previous findings by Provincial geologists with up to 8.5 g/t Au.”Jim Hurst, CEO of Xander Resources
Xander Resources last traded at $0.28 on the TSX Venture.
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