Xander Resources (TSXV: XND) offered up a market update on its ongoing exploration this morning, providing updates for both the Fenelon as well as Val d’Or properties in which it currently operates. While short in nature, the update provided insight on the go-forward plans for both projects.
At the Fenelon property, referred to as Blue Ribbon, the company has located the often-discussed Remick showing, which was first identified in 1969. The shear zone, which was previously stated to have visible gold, was subjected to stripping of overburden as well as channel sampling. Further stripping is currently planned for this shear zone to enable drilling that is slated for later this fall.
Xander has also completed a UAV drone magnetometric survey of the area so as to be able to provide a better interpretation of historical surface gold on the property.
At the firms other property, located near Val d-‘Or, Quebec and referred to as the Senneville project, Xander has announced that it intends to expand the summer program that was conducted on the northern claims of the property. The program will now also be subjected to a UAV drone magnetometric survey, which is to be focused on the Pascalis and Lanaudiere zone. The zone presently has a t kilometre long volcanic contact zone.
The southern portion of the Senneville project meanwhile is currently waiting for 3D modeling to be completed, which was conducted on historical drill holes conducted on the property. The modeling will enable the company to identify where to drop drills later this fall during the planned drill program. Downhole geophysics are being planned for at least two holes drilled here as well, to a depth of 250 metres.
Xander Resources last traded at $0.25 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.
