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Tuesday, February 24, 2009
Commander Files 43-101 Technical Report On The Storm Copper Project, Nunavut
Commander Resources Ltd. (CMD-TSX Venture) has filed a National Instrument 43-101 technical report on the Storm property staked in 2008. The report qualifies and confirms historical copper and zinc assay data generated by Teck Cominco Ltd. (formerly Cominco) and Xstrata Plc (formerly Noranda) in the early 1990's and highlights potential to discover copper and zinc deposits with economically significant size and grade. The technical report was completed by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) and may be viewed on Commander's website (
Storm Copper Project Technical Report
) or on
. The property, owned 100% by Commander, covers a 62,320-hectare land position.
Storm Copper includes four near-surface, high-grade centres of copper mineralization, which occur within a seven-kilometre-long mineralized structural corridor. Chalcocite and bornite are the dominant copper sulphides, providing the potential to produce a high-grade concentrate. Historical drilling returned results including 3.5% Cu over 15.0 metres, 3.2% Cu over 9.2 metres, 2.4% Cu over 7.3 metres, 5.09% Cu over 53.9 metres, 4.5% Cu over 35.5 metres, 2.65% Cu over 24.6 metres, and 9.29% Cu over 6.4 metres. Copper grades can be very high over significant intervals, such as 20.42% Cu over 5.0 metres.
The technical report concludes that:
Four zones discovered to date have high-grade copper intercepts suggesting the possibility for pipe-like feeder zones with high-grade keels and are associated with broad areas of stratabound mineralization.
The 4100N zone, the largest of the four known zones based on existing information, offers considerable room for expansion and possible development as an open-pittable or low-cost underground deposit if sufficient tonnes and grade are outlined. The 4100N zone extends over an area of at least 1,000 m x 400 m and is open to the north, east and west with potential for deep extensions. Widely spaced drill holes all encountered copper mineralization of varying grades in a predictable stratigraphic position.
Scott Wilson RPA could not make a resource estimate on the 4100N Zone based on the CIM classification system because the spacing between drill holes is too wide.
An aggressive exploration program of geophysics and drilling is warranted to define and expand the known zones and explore for new centres of mineralization.
High-grade zinc mineralization also occurs in the Seal deposit on the western end of the property on tidewater. Drilling to date has defined mineralization over 400 m long, 50 m to 100 m wide and 12 m to 20 m thick. The average grade of the deposit is 7% Zn to 8% Zn and 23 g/t Ag to 27g/t Ag. Intervals within the zone contain up to 33% Zn and 140 g/t Ag. A historic "geological resource" of 2 Mt grading 8% Zn and 30 g/t Ag was estimated from the drilling by Teck Cominco geologists in 1997. Scott Wilson RPA cautions that there is no data available to independently verify the historical resource. Consequently, while it is indicative of the potential extent of mineralization, it should not be relied upon. The limits of the Seal Zinc deposit appear to have been defined, but there is potential for this type of mineralization to occur elsewhere on the property.
Commander was awarded three prospecting permits February 1, 2008, valid for a term of five years. The total cost of the acquisition was about $15,000, which will be refunded upon completion of an equivalent amount of exploration work within the first two years.
Details regarding the acquisition of the Storm Property and the historical mineralization may be found on the Company's website and in a previous news release dated April 8, 2008.
On Behalf of the Board of Directors,
President & CEO
For further information, please call:
Cathy DiVito, Investor Relations
Telephone: (604) 484-7111 ~ Toll-free: 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.
�2006 Commander Resources Ltd. All Rights Reserved. |
Commander Resources Ltd.
CODE : CMD.V
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