Commander Commences 2012 Field Program
27 6월 2012 - 7:16AM
Marketwired Canada
Commander Resources Ltd. (TSX VENTURE:CMD) ("Commander") reports that it has
commenced field work at several of its 100% owned gold and base metal
properties. The focus for 2012 will be to advance projects in the Company's
portfolio through ground work and geophysics to drill stage. The Company is well
financed to complete the planned programs and does not anticipate the need for
further financing in 2012.
This year's work programs will focus on the Sabin copper-gold project in
Ontario, the Glenmorangie gold project in southeast Yukon, and the Omineca
copper-gold project in northern British Columbia. Efforts are continuing to
obtain a JV partner for the Baffin Island gold project in order to test drill
targets that were defined during the 2011 field season. In New Brunswick,
Stratabound Resources has started geophysical surveying on Commander's
Nepisiguit property and plans to drill further on our Stewart copper zone.
The Sabin Copper-Gold Property is located in the Sturgeon Lake Greenstone belt
of Archean metavolcanic and metasedimentary rocks in the Wabigoon Sub-Province
of the Superior Province, 400 km northwest of Thunder Bay, Ontario. This year's
program will be the first significant work done on the property since 1996.
Previous work primarily focused on the search for base metals, but a recent
review of the historical data identified significant gold potential. A
geochemical survey is planned to extend information beyond previously discovered
mineralization. The Mattabi mine, which is located 45km south of the Sabin
property, was mined by Noranda and contained 12.8 Mt of ore grading 7.6% zinc,
0.91% copper, 0.84% lead, 97.3 g/t silver and 0.21 g/t gold. The previous Sabin
property holder, Umex, delineated a 100,000 ton zone of mineralization grading
2.2% copper, as well as 1.18% zinc and 2.81 oz/t silver (87.4 g/t Ag). This is a
historic estimate and is not to be relied upon, although it is indicative of the
potential mineralization. Gold was reported in some of the drill holes, but was
ignored because of the low gold price at that time. The property is accessible
by road. The Company's geological team is on site and the geochemical survey has
commenced.
The Glenmorangie Gold Property was acquired by Commander in May 2011, and is
located in SE Yukon. The property is situated 35 km north of the 3Ace property,
a recently discovered shear hosted gold system and 7km west of the North
American Tungsten mine. In 2011 Commander carried out a $345,000 program which
included mapping, prospecting, and soil, silt and rock chip geochemical
sampling. A total of 205 rock samples, 1,396 soils and 52 silt samples were
collected and assayed. Two discrete zones, the Camp Zone and the Hidden Valley
Zone, were identified as being anomalous. This year's program is intended to
in-fill the geochemical data within these zones, and to continue geological
mapping of the area. Several drill programs have been announced for properties
adjacent, and in close proximity, to Glenmorangie. Results from those programs
may add to the geological understanding and the potential for gold
mineralization of our property.
The Omineca Porphyry-Copper Gold Project is located in North Central B.C. within
the prolific copper-gold producing Quesnel trough. Commander holds six
properties in the area. The program for this year will consist of mapping and
geochemical surveys, with the possibility of an airborne survey being added late
in the season. The property is accessible by road, making exploration costs for
this part of the province relatively low. The prospects fall within the southern
part of the Abraham Creek complex, an elongated package of late Triassic and
early Jurassic intrusions, with later stage Cretaceous intrusions (known to host
Cu, Au mineralization). Mapping by the B.C. Geology Survey in 2004 highlighted
this area as having many similarities to the Iron Mask complex around Kamloops
B.C. hosting the Newgold Afton copper-gold mine and the Abacus / KGHM
copper-gold Ajax pit.
The Baffin Island Gold Project in Nunavut, has yielded the discovery of numerous
orogenic gold occurrences over 10 years in several geological environments
permissive to hosting major gold deposits. The Company's property covers a 140
km long belt of Proterozoic aged metavolcanic and metasedimentary rock within
the Fox Fold Belt. Approximately 18,000 m of drilling has been carried out over
three prospective areas, known as Malrok, Ridge Lake and Kanosak, with
appreciable gold intersections. The present focus is on the Kanosak prospect, a
3 km2 area that was the subject of a detailed 3D I.P. survey during 2011. This
survey defined a 3 km linear zone of interest, co-incident with surface channel
samples with values as high as 1,440 g/t gold (46 oz/t Au). The area is fully
permitted and a camp is in place. Commander is continuing discussions with
potential joint venture partners to carry out a drill program along the I.P.
identified zone.
The Company will not incur further expenditures on the Stump Lake gold property
in central BC, having reviewed this year's drill results and decided that it
does not meet the Company's objectives.
Steve Potts, P. Geo, VP of Exploration is a Qualified Person as defined by
National Instrument 43-101 and has reviewed and approved the technical
disclosure contained in this release.
COMMANDER RESOURCES LTD. is a diversified exploration company that employs
project generation and leverage strategies to develop Canadian resources for
either sale or joint venture. By employing this strategic approach Commander is
able to systematically enhance shareholder value while managing the risk
associated in exploration and development.
COMMANDER trades on the TSX Venture Exchange under the symbol "CMD". For
additional information, please visit the Company's website at
http://www.commanderresources.com.
On behalf of the Board of Directors,
Eric Norton, President & CEO
Commander Resources (TSXV:CMD)
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