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Thursday, April 26, 2012
Commander Reports Stump Lake Gold Drill Program Results
VANCOUVER, BC - Commander Resources Ltd. (CMD-TSX.V, "Commander")
reports that it has now received all the results from its first phase 2,000 m drill program located at Stump Lake, B.C.
The drill program was designed to test an anomalous 2.5 km strike length of a quartz carbonated brecciated vein system which has been sampled by rock grab sampling and found to consistently contain gold values of up to 6 g/t Au.
The highlights from the drilling program are presented below. Hole SL 12-06 returned the best results with Au mineralization found over 43.15 m, the best intersection being 19.0 metres grading 0.44 g/t Au, which included a 1 m interval grading 4.79 g/t Au. The core was pervasively altered and brecciated. This area was tested down dip but the hole caved and had to be abandoned before drilling through the vein systems had been completed. Five holes discovered gold mineralization along a strike length of 700 m and to depths of 200 m below surface.
Hole Number
Intersection
Width
Au Grade
From
to
m
g/t
DDH SL 12-01
174.00
175.05
1.05
0.65
DDH SL 12-02
42.50
43.90
1.40
0.29
DDH SL 12-03
49.50
51.85
2.35
0.86
DDH SL 12-04
106.30
108.65
2.35
0.59
DDH SL 12-06
130.10
142.35
12.25
0.36
DDH SL 12-06
149.55
151.70
2.15
1.14
including
151.15
151.70
0.55
4.11
DDH SL 12-06
161.45
180.45
19.0
0.44
including
161.45
161.95
0.50
2.30
178.55
179.55
1.00
4.79
The system is thought to be part of a low sulfidation epithermal gold event associated with the Triassic Nicola Volcanics or younger aged Cretaceous granitoid batholiths emplaced to the west of the claims. The mineralization is found in a stockwork of quartz carbonate veins which have pervasively altered the host rock of volcanic andesite. Hole SL12-06 hole targeted beneath an outcrop of brecciated vein exhibiting fluorite, thereby confirming the possible influence of the source rock being composed of granitoid.
Also interesting to note was the increased amount of hematite and potassic alteration in the core around the best mineralized zones which suggests the gold is associated with later thermal events and remobilization of gold. There was no arsenic association with the gold values and only a minimal kick in silver values, which makes pathfinder geochemistry a poor method for discovering this style of deposit. There was very little pyrite and the only way to recognize possible gold mineralization was through sampling the full length of the vein as well as the surrounding volcanic wall rock.
A total of 2,073 m were completed from 10 holes spread over a distance of 2.5 km. The drilling successfully delineated the brecciated veins which kept a constant dip of 30 degrees. The core samples were analyzed by SGS Minerals and were treated by AA fire assay technique as well as partial digest ICP MS method. The industry accepted QA/QC procedures were followed by submitting standards as well as blanks along with the split core samples. SGS also implemented its own quality control procedures.
Commander has invested $650,000 of exploration expenditure into the Stump Lake property through prospecting, mapping, chip sampling, soil sampling, an IP survey, ground magnetic survey and a drill program.
Steve Potts, P. Geo, VP of Exploration is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
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
For further information, please call:
Cathy DiVito, Investor Relations
Toll Free: 1-800-667-7866
info@commanderresources.com
or
Jay J. Bedard, President
Envoy Strategic Partners
T: 416 977-7778
jay@envoystrategicpartners..com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
�2011 Commander Resources Ltd. All Rights Reserved. |
Disclaimer
Commander Resources Ltd.
DEVELOPMENT STAGE
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In the News and Medias of Commander Resources Ltd.
3/30/2006
Corporate profile
Annual reports of Commander Resources Ltd.
2008 Annual report
2007 Annual report
2006 Annual report
Financings of Commander Resources Ltd.
5/23/2011
Closes Tranche 2 of Financing
4/12/2011
Announces Private Placement Financing
9/3/2009
Signs $20 Million Farm-In Agreement and $1.2 Million Private...
10/23/2007
Non-Brokered Private Placement
Option Grants of Commander Resources Ltd.
10/20/2008
Grants Incentive Stock Options
Nominations of Commander Resources Ltd.
5/12/2009
Appoints New Chair And Grants Options
6/24/2008
Announces Appointment of Director
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Expands Potential Of The Hébert Prospect With New High Grade...
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Discovers New Gold Showings On The Baffin Gold Project, Nuna...
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Earns 100% Interest In The Qimmiq Gold Property, Baffin Isla...
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Files 43-101 Technical Report On The Storm Copper Project, N...
11/3/2008
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Awaits Assay Results From Baffin Gold Project
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Attracts a New Partner to the Olympic-Rob Property, Yukon T...
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(Hermitage)
Samples 0.17% U3O8 Over 1.15 Metres At Hermitage
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(Hermitage)
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(Strickland (hermitage))
Outlines Drill Targets at Troy's Pond
1/14/2008
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Reaches Agreement to Accelerate Acquisition of 100% of Qimm...
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(Despinassy)
Sells Despinassy Interest To JV Partner
11/26/2007
Durette Drilling Returns High Grade Intersections And A New ...
10/15/2007
(South Voisey Bay)
Commander and Donner Commence EM Survey on the Sarah Lake Ni...
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Baffin Project Update - New Mineralized Trend Discovered
9/19/2007
(Olympic-rob)
's Partner In The Yukon Reports 1.12% Cu over 5.6 metres fro...
7/4/2007
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Drilling Commences On Commander'S Olympic-Rob Cu-Au-U Proper...
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(Hermitage)
Reports Drill Results From Newly Discovered Uranium Minerali...
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(Hermitage)
Completion of Phase 1 Drill Program: Radiometric Zones Disco...
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(Hermitage)
Drilling on White Bear Confirms Bedrock Uranium Mineralizati...
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Optionee Moving Forward on Public Listing
4/8/2011
Plans 2011 Exploration Program
4/6/2011
Appoints New Vice President of Exploration
7/29/2010
Options New Brunswick Properties to Stratabound Minerals
1/12/2010
Invites you to the following Events in Vancouver:
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Final Approvals For Anglogold Baffin Farm-In And JV
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Samples Up to 442 G/T Gold from New Baffin Prospects
6/4/2009
Receives Units of Fjordland as Settlement
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Seeks Partner For The Orion Gold Deposit, Newfoundland
12/3/2008
Cuts 91.06 G/T Gold Over 1.6 Metres In Channel Sampling On B...
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and Bayswater Sell a Royalty on Cochrane Pond to Global Gold...
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Provides An Update On Exploration Activities
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Commences Drill Program on High Priority Nickel Targets in L...
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Photos and information available from the Storm Copper prope...
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Global Gold Uranium Commences Airborne Survey On Cochrane Po...
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TSX-V (CMD.V)
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