/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES/
Xander Resources Inc. (XND: TSX.V) ("Xander" or the "Corporation")
VANCOUVER, Nov. 3, 2014 /CNW/ - Xander has an option to acquire 100% interest in the Hot property, located north of the town of Smithers in north-central British Columbia.
The Hot property hosts a calc-alkalic porphyry copper-molybdenum deposit prospect. Such deposits commonly have early disseminated and vein-hosted copper mineralization associated with highly magnetic potassic alteration which also has a distinctive potassium ion signature. Later molybdenum mineralization is associated with plumes of poorly magnetized phyllic alteration that lacks a strong potassium ion signature. Patterns associated with these alteration types can be discerned using magnetic and radiometric surveys.
In October the Company obtained the opinion of a licensed professional geoscientist that an airborne survey comprising electromagnetic and magnetic surveys would expedite and refine the 2015 work program. As a result, the Company commissioned Precision GeoSurveys Inc., of Vancouver, B.C. to conduct helicopter-borne magnetic and radiometric surveys over the Hot property. A total of 179 east-west survey lines were flown at a spacing of 50 m (164 feet). The survey lines along with 10 north-south tie lines comprised a total of 937 km (571.6 mi) of line which were more than sufficient to cover the whole 3,342.75-ha (8,256.59-acre) area of the Hot property. We expect that data generated by these surveys will improve the effectiveness of our subsequent first-phase ground exploration program.
Currently, data is being processed; the results should be available to us soon.
On behalf of
XANDER RESOURCES INC.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Xander Resources Inc.
For further information: XANDER RESOURCES INC., #200 - 905 W. Pender Street, Vancouver, BC V6C 1L6, Tel: 604. 683-0343, Fax: 683-4499