Re: News Release - Monday, October 15, 2007
Commander and Donner Commence EM Survey on the Sarah Lake Nickel
Property; Commander Retains BMK Communications For Investor
News Release: #07-23
Commander Resources Ltd. (CMD - TSX Venture) reports that a detailed
low frequency ground Electromagnetic (EM) survey has commenced on the
Sarah Lake Property, Labrador. Commander also reports that it has
retained BMK Communications Inc. of Vancouver, B.C., to provide
investor relations and marketing services.
The Sarah Lake property is a Joint Venture between Commander and Donner
Metals and is located about 90 kilometres south of the 150 Mt Voisey's
Bay Nickel Mine. The property covers a portion of the extensive Pants
Lake Gabbro Complex, which is similar in age and chemical composition
to the intrusions that host Voisey's Bay.
On the Sarah Lake Property, as reported in the Company's news release
dated September 13, 2007, previous drilling to the west of the property
in the 1990's intersected 0.5% nickel to 11.9% nickel with several
intercepts on the Sarah Lake Property grading 0.4 to 0.9% nickel. A
large area of the key basal contact of the gabbro lies within a few
hundred metres of the surface and has not been sufficiently explored
for nickel-bearing massive sulphide accumulation.
Discrete geophysical conductors on the property were identified from
previous surveys to be at a depth coincident with the interpreted base
of the gabbro where sulphides could have accumulated. High grade
nickel sulphide deposits are usually highly conductive bodies and
therefore, a detailed low frequency EM survey is required to isolate
and define the strongest and potentially the most metal rich portions
of the known conductors. This new geophysical data along with existing
geological, geochemical and geophysical data will be used to prioritize
targets for drill testing in 2008.
Commander owns 48.2% of the Sarah Lake Property. Donner Metals owns
51.8% and is operator of the Joint Venture.
Commander also holds other interests in the larger South Voisey's Bay
area including 59.9% of the Adlatok 1 Property and 100% of Sally and
Sadie properties on which there are existing geophysical conductors.
These other properties will be surveyed with a similar EM system in
2008 and will be drill-tested if warranted.
Summary information and maps of the properties can be found on the
Company's website at www.commanderresources.com.
Investor Relations Contract
The agreement with BMK, commencing October 15th, 2007, is structured as
a 12 month contract with a six month initial term. In consideration
for their services, BMK will be paid $6,000 per month and be granted
125,000 incentive stock options, exercisable at a price of $0.225 per
share for a one-year period in accordance with Commander's stock option
plan. The agreement with BMK is subject to regulatory approval and all
terms will be subject to and in accordance with the rules and
regulations of the TSX Venture Exchange.
BMK provides investor relations services to public companies in North
America and specializes in development and management of customized
marketing programs. Principals, Lisa May and Bernie Kennedy bring over
20 years marketing and investor relations experience to Commander with
the goal of raising market awareness and providing a conduit between
management and its shareholder base.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company with
control of one of the largest new gold districts in Canada and a new
uranium belt in Newfoundland. The Company also owns several high
quality exploration properties were being explored this year by
partners. The Company uses a combination of aggressive land
acquisition, focused projects and good deal-making to increase its
exposure to success while reducing risk to shareholders.
On Behalf of the Board of Directors,
President & CEO
For further information, please call: Commander Resources Ltd.
Telephone: (604) 685-5254 or 1-800-667-7866
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Copyright (c) 2007 COMMANDER RESOURCES LTD. (CMD) All rights reserved.
For more information visit our website at
http://www.commanderresources.com/ or send
Message sent on Mon Oct 15, 2007 at 9:18:35 AM Pacific Time