Urban Barry Gold Camp

Bachelor North Property

The Urban Barry Gold Camp is one of the most active exploration camps in the world. The camp currently hosts 8 million ounces of gold with area investment by a major (Kirkland Lake Gold) in both Osisko Mining and Bonterra Resources. Other companies actively conducting exploration and development in the area are Midland Exploration, Soquem and Globex.

On January 8, 2021 Xander announced that pursuant to an Option Agreement agreed to acquire a 100% interest in the 35 mineral claims located in Waswanipi, Quebec known as the Bachelor North Property, subject to TSX Venture Exchange approval.

The Bachelor North Property is contiguous to and north of Midland Exploration’s Lewis property, and to the southwest are Soquem, Goldex and Bonterra. The property is located a little east of the Lamarck-Wedding deformation corridor where several mining sites such as the Shortt Lake mine (2.7 Mt at 4.6 g/t Au), the Bachelor mine (869,432 tonnes at 4.7 g/t Au), the Coniagas mine (718,465 tonnes at 10.77% Zinc) and the Langlois mine (65 Kt Zinc concentrate, 2,1 Kt copper concentrate, 553 troy ounces Silver concentrate and 1,9 K troy ounces Gold concentrate) have been exploited. The corridor includes rhyolites said to be fertile with respect to VMS mineralization and a panoply of intrusions ranging from synvolcanic tonalites to late alkaline intrusions (syenites, carbonatites, kimberlites). The rocks covering the property are of felsic to mafic compositions favourable to orogenic gold with granitic masses around the claims. A silver showing of 8.6 g/t Ag was discovered in 1980 by drilling (80-LRC-1) in an H.E.M. conductor identified by geophysics.

The property is accessible via the 113 road from Chapais to Waswanipi (Native American territory). The property is reached via primary and secondary logging roads over 35 kilometers to the north of Lac Lewis. The topography is moderate with elevations varying from 100 to 250 m. There are few outcrops, and the overburden thickness can vary from 9 to 17 meters in some areas. The forest cover is composed of black spruce, jack pine with numerous swamps dot the landscape. From November to May, the ground is generally covered with snow and the lakes are frozen. There was a silver intercept on the property with the following mineralization noted “The mineralization is composed of pyrrhotite, pyrite, chalcopyrite and sphalerite.”. The property is underlain by mafic volcanics (greenstone) and has seen very little historical exploration. There is till soil at surface which allows for a very cost effective first pass of exploration work to generate targets. Other exploration companies in the Urban Barry Gold Camp have seen strong gold results in till which has been a leading indicator for discoveries in the area. The Company plans to conduct ground work followed by sonic drilling during the 2021 exploration season.