Xander Resources Expands Claims At Blue Ribbon Property

Xander Resources (TSXV: XND) this morning announced that it has expanded its claims for the Blue Ribbon Property in the Fenelon region. The expansion results in the company having a total of 48 claims on the property, up from 39 claims.

The additional claims were acquired via staking, covering an additional 442.47 hectares. The additional claims were staked as a means of obtaining claims over what is referred to as a “cluster of three outcrop hills,” referred to as the Gaudet Hills.

The additional claims are near the historic gold showing originally reported on in 1969 by H. Remick. Assays conducted in 1986 for the government revealed 8.5 grams per tonne gold over a width of 0.76 metres, although it should be noted that this is not 43-101 compliant. This showing was located three kilometres northeast of the Hills, with the company planning exploration to determine if such mineralization is repeated in the hills themselves.

A base camp has been established by the company at the Gaudet Hills to facilitate exploration at the property. A two to three week program to identify targets is currently being prepared, with Xander looking to determine whether the shear zone at the Remick showing is repeated in the Gaudet Hills.

Xander Resources last traded at $0.30 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.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Kirkland Lake Gold: Analysts Reiterate Targets Following Financing Results

Last week, Kirkland Lake Gold (TSX: KL) announced their fourth quarter and full year 2021...

Wednesday, March 3, 2021, 02:50:00 PM

Why Gold Is Secretly Flooding Into The U.S. & Who’s Suppressing Silver?! | Andy Schectman

In this interview, Andy Schectman from Miles Franklin delivers an analysis of the current gold...

Sunday, April 27, 2025, 11:43:00 AM

China’s New ¥100K Cash-For-Gold Rule Could Spur Buying Frenzy Before Deadline

The People’s Bank of China has ordered every dealer of precious metals and gemstones to...

Saturday, July 5, 2025, 11:33:00 AM

New Found Gold Intersects 106.46 G/T Gold Over 9.15 Metres At Keats

New Found Gold (TSXV: NFG) has released drill results from ten additional holes that were...

Wednesday, April 7, 2021, 07:45:30 AM

Is This The Low for Gold? — With Jeffrey Christian of CPM Group

Returning today to the Daily Dive is Jeffrey Christian, founder & managing director of the...

Friday, October 28, 2022, 01:30:00 PM