# Xander Resources Announces Discovery at its Timmins Nickel Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625 Original source: https://money.tmx.com/en/quote/CCMC/news/7245118883820560/xander-resources-announces-discovery-at-its-timmins-nickel-project Publisher: tmx Original announcement: 2023-04-18T17:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Xander Resources Inc. - Ticker: CCMC - Exchange: TSX - Region: Ontario - Primary commodity: Nickel - Secondary commodities: None reported - Document categories: Drill results - Extracted: 2026-08-25 03:12:36 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Xander Resources announced a discovery from its maiden drill program at the Timmins Nickel Project in Ontario, reporting nickel intercepts comparable to Canada Nickel Company's nearby Macdiarmid Discovery. Drill hole NKV23-05 intersected a potential 161-metre mineralized zone, including 30 metres at 0.14% Ni, while NKV23-04 identified a 43.5-metre zone with grades up to 0.21% Ni. The company plans a follow-up program to expand on these results and explore untested targets. Reasoning: Xander Resources announced a discovery from its maiden drill program at the Timmins Nickel Project, with nickel intercepts comparable to Canada Nickel Company's adjacent Macdiarmid Discovery. While the grades are low in absolute terms, they are consistent with large-scale disseminated nickel deposits, and the company frames this as a significant discovery. However, the need for infill sampling and reliance on visual estimates for some intervals introduces uncertainty. - Positive factor: Maiden drill program yielded a new discovery - Positive factor: Mineralization comparable to adjacent large-scale nickel deposits - Positive factor: QA/QC procedures disclosed and QP signed off - Positive factor: Mineralization open at depth - Negative factor: Nickel grades are low in absolute terms - Negative factor: Infill sampling required to confirm exact grades and widths - Negative factor: Some intervals based on sporadic sampling and visual estimates Facts used in scoring: 12 ## Classification and evidence **Maiden Drill Program** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document explicitly states that this is the 'Maiden eleven-hole drill program' and 'maiden drill program at its Timmins Nickel Project'. Evidence · text > Maiden eleven-hole drill program has been completed. **Discovery** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company headlines the announcement as 'Xander Resources Announces Discovery at its Timmins Nickel Project' and refers to it as 'Xander’s discovery comparable both in grade and size'. Evidence · text > Xander Resources Announces Discovery at its Timmins Nickel Project **Infill Sampling Required** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document repeatedly states that 'Infill sampling is required to determine the exact grade of this interval' for both NKV23-04 and NKV23-05. Evidence · text > Infill sampling is required to determine the exact grade of this interval **Open at Depth** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document states that 'The interval identified is open at depth, as this hole terminated in an ultramafic unit' for NKV23-04 and 'The interval identified is open at depth, as this hole terminated in ultramafic' for NKV23-05. Evidence · text > The interval identified is open at depth, as this hole terminated in an ultramafic unit **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions that 'Duplicates, standards and blanks were inserted into the sample stream' and names the laboratories used. Evidence · text > Duplicates, standards and blanks were inserted into the sample stream. **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The technical content was reviewed and approved by 'Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101'. Evidence · text > Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects \(“ NI 43-101 ”\). ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Drill Results (12) ### NKV22-03 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-0) nickel #### Identity - Hole ID: NKV22-03 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.135 - Grade Unit: % - Intercept: 11.5 m - From: 244 m - To: 255.5 m - Hole Depth: 423 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV22-03:244.0-255.5 - Mining Method: open\_pit #### Location - Easting: 454800 - Northing: 5404125 - CRS: UTMnad83 - Azimuth: 206 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: AGAT - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept from the North Block is part of the maiden drill program, but the nickel grade of 0.135% over 11.5m is low, even for a disseminated deposit type, and is not highlighted as a key discovery. - Positive factor: Part of maiden drill program - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is below weak threshold for general nickel deposits Evidence · table > 0.135 Context: 11.5 ### NKV23-04 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-1) nickel #### Identity - Hole ID: NKV23-04 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.144 - Grade Unit: % - Intercept: 3 m - From: 187.5 m - To: 190.5 m - Hole Depth: 255 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-04:187.5-190.5 - Mining Method: open\_pit #### Location - Easting: 461452 - Northing: 5390373 - CRS: UTMnad83 - Azimuth: 180 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept is part of the new discovery in the South Block, highlighted as comparable to a significant adjacent deposit. While the grade is low, it aligns with the disseminated nickel target. Confidence is tempered by the need for infill sampling. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.144 Context: 3 ### NKV23-04 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-2) nickel #### Identity - Hole ID: NKV23-04 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.213 - Grade Unit: % - Intercept: 2.7 m - From: 205.5 m - To: 208.2 m - Hole Depth: 255 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-04:205.5-208.2 - Mining Method: open\_pit #### Location - Easting: 461452 - Northing: 5390373 - CRS: UTMnad83 - Azimuth: 180 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept represents the highest grade reported for NKV23-04, contributing to the new discovery in the South Block and its comparability to the Macdiarmid Discovery. The grade is still low, and the need for infill sampling reduces confidence. - Positive factor: Part of new discovery in South Block - Positive factor: Highest grade reported for NKV23-04 - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.213 Context: 2.7 ### NKV23-04 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-3) nickel #### Identity - Hole ID: NKV23-04 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.186 - Grade Unit: % - Intercept: 4.5 m - From: 226.5 m - To: 231 m - Hole Depth: 255 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-04:226.5-231.0 - Mining Method: open\_pit #### Location - Easting: 461452 - Northing: 5390373 - CRS: UTMnad83 - Azimuth: 180 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept contributes to the new discovery in the South Block, with grades comparable to the Macdiarmid Discovery. The grade is low, and the need for infill sampling reduces confidence in the exact reported value. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.186 Context: 4.5 ### NKV23-05 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-4) nickel #### Identity - Hole ID: NKV23-05 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.185 - Grade Unit: % - Intercept: 3 m - From: 67 m - To: 70 m - Hole Depth: 252 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-05:67.0-70.0 - Mining Method: open\_pit #### Location - Easting: 461550 - Northing: 5391120 - CRS: UTMnad83 - Azimuth: 20.1 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept is part of the new discovery in the South Block, highlighted as comparable to a significant adjacent deposit. While the grade is low, it aligns with the disseminated nickel target. Confidence is tempered by the need for infill sampling. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.185 Context: 3 ### NKV23-05 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-5) nickel #### Identity - Hole ID: NKV23-05 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.167 - Grade Unit: % - Intercept: 3 m - From: 87 m - To: 90 m - Hole Depth: 252 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-05:87.0-90.0 - Mining Method: open\_pit #### Location - Easting: 461550 - Northing: 5391120 - CRS: UTMnad83 - Azimuth: 20.1 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept is part of the new discovery in the South Block, highlighted as comparable to a significant adjacent deposit. While the grade is low, it aligns with the disseminated nickel target. Confidence is tempered by the need for infill sampling. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.167 Context: 3 ### NKV23-05 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-6) nickel #### Identity - Hole ID: NKV23-05 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.158 - Grade Unit: % - Intercept: 3 m - From: 105 m - To: 108 m - Hole Depth: 252 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-05:105.0-108.0 - Mining Method: open\_pit #### Location - Easting: 461550 - Northing: 5391120 - CRS: UTMnad83 - Azimuth: 20.1 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept is part of the new discovery in the South Block, highlighted as comparable to a significant adjacent deposit. While the grade is low, it aligns with the disseminated nickel target. Confidence is tempered by the need for infill sampling. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.158 Context: 3 ### NKV23-05 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-7) nickel #### Identity - Hole ID: NKV23-05 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.155 - Grade Unit: % - Intercept: 3 m - From: 125 m - To: 128 m - Hole Depth: 252 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-05:125.0-128.0 - Mining Method: open\_pit #### Location - Easting: 461550 - Northing: 5391120 - CRS: UTMnad83 - Azimuth: 20.1 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept is part of the new discovery in the South Block, highlighted as comparable to a significant adjacent deposit. While the grade is low, it aligns with the disseminated nickel target. Confidence is tempered by the need for infill sampling. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.155 Context: 3 ### NKV23-05 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-8) nickel #### Identity - Hole ID: NKV23-05 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.177 - Grade Unit: % - Intercept: 3 m - From: 147 m - To: 150 m - Hole Depth: 252 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-05:147.0-150.0 - Mining Method: open\_pit #### Location - Easting: 461550 - Northing: 5391120 - CRS: UTMnad83 - Azimuth: 20.1 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept is part of the new discovery in the South Block, highlighted as comparable to a significant adjacent deposit. While the grade is low, it aligns with the disseminated nickel target. Confidence is tempered by the need for infill sampling. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.177 Context: 3 ### NKV23-05 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-9) nickel #### Identity - Hole ID: NKV23-05 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.176 - Grade Unit: % - Intercept: 3 m - From: 159 m - To: 162 m - Hole Depth: 252 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-05:159.0-162.0 - Mining Method: open\_pit #### Location - Easting: 461550 - Northing: 5391120 - CRS: UTMnad83 - Azimuth: 20.1 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept is part of the new discovery in the South Block, highlighted as comparable to a significant adjacent deposit. While the grade is low, it aligns with the disseminated nickel target. Confidence is tempered by the need for infill sampling. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.176 Context: 3 ### NKV23-05 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-10) nickel #### Identity - Hole ID: NKV23-05 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.137 - Grade Unit: % - Intercept: 30 m - From: 177 m - To: 207 m - Hole Depth: 252 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-05:177.0-207.0 - Mining Method: open\_pit #### Location - Easting: 461550 - Northing: 5391120 - CRS: UTMnad83 - Azimuth: 20.1 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This is the longest intercept reported for NKV23-05, contributing significantly to the new discovery and its comparability to the Macdiarmid Discovery. The grade is low, and the need for infill sampling reduces confidence. - Positive factor: Part of new discovery in South Block - Positive factor: Longest intercept reported for NKV23-05 - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.137 Context: 30 ### NKV23-05 [Link to this fact](https://atlas-staging.minestarters.com/news/xander-resources-announces-discovery-at-its-timmins-nickel-project--ababc2fb-6bae-4536-8b05-b33770458625#fact-drill-facts-11) nickel #### Identity - Hole ID: NKV23-05 - Commodity: nickel - Ticker: CCMC #### Geometry - Grade: 0.136 - Grade Unit: % - Intercept: 6 m - From: 223 m - To: 229 m - Hole Depth: 252 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NKV23-05:223.0-229.0 - Mining Method: open\_pit #### Location - Easting: 461550 - Northing: 5391120 - CRS: UTMnad83 - Azimuth: 20.1 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: Activation Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: duplicates, standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-04-18T00:00:00.000Z Reasoning: This intercept is part of the new discovery in the South Block, highlighted as comparable to a significant adjacent deposit. While the grade is low, it aligns with the disseminated nickel target. Confidence is tempered by the need for infill sampling. - Positive factor: Part of new discovery in South Block - Positive factor: Comparable to adjacent Macdiarmid Discovery - Positive factor: QA/QC disclosed and QP signed - Negative factor: Nickel grade is low in absolute terms - Negative factor: Interval is from sporadic sampling, requiring infill to confirm exact grade Evidence · table > 0.136 Context: 6 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.