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Commander Resources Ltd.

Publié le 16 février 2011

Partner Cuts High Grade Copper at Nepisiguit

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Mots clés associés :   Cobalt | Copper |
Commander Resources Ltd.



  Wednesday, February 16, 2011
Commander's Partner Cuts High Grade Copper at Nepisiguit

 
Commander Resources Ltd. (CMD-TSX Venture - "Commander Resources" or "Commander") has been advised that joint venture partner Stratabound Minerals ("Stratabound") has encountered significant intervals of high grade copper mineralization at the Stewart copper prospect on Commander's Nepisiguit property, Bathurst district, New Brunswick. Hole STW-10-1 intersected 3.5 metres grading 2.07% copper. Hole STW-10-2 cut 89.5 meters grading 0.75% copper with high grade intervals up to 3.1% copper over 4 meters, and significant gold, silver and cobalt credits. Detailed drill results and descriptions from hole STW-10-2 are given below.

Four holes, totaling 1,064 metres, were drilled by Stratabound. The first two holes were collared about 125 metres southwest of previously drilled hole NB-97-8 (1.04% copper over 25.5m), and 35 metres southwest of hole NB-97-10 (1.24% copper over 27.2m, including 13.25m grading 2.57%). Hole STW-10-2, drilled from the same location as STW-10-1 but with a steeper inclination, was intended to hit the NB-97-10 zone at about 185 metres down hole. At 137m the rods became stuck and the hole was abandoned before reaching the intended target. However, the drill hole intersected a substantial copper-cobalt-silver sulphide zone from surface down to 90 metres with the following assay results:

Drill hole From
(metres)
To
(metres)
Length
(metres)
Copper
(%)
Cobalt
(%)
Gold
(g/t)
Silver
(g/t)
STW-10-2 0.5 90 89.5* 0.75 0.018 0.11 6.26
including 0.5 11 10.5 1.86 0.019 0.27 12.10
including 0.5 5 4.5 2.35 0.020 0.37 17.11
and 8 11 3 2.34 0.024 0.31 13.43
  62 90 28 1.12 0.029 0.18 10.97
including 72 90 18 1.46 0.037 0.23 14.85
including 72 76 4 3.13 0.040 0.55 30.21
and 84 90 6 1.86 0.069 0.30 17.22
* Includes 14 metres of un-assayed material (26m-33m and 12m-19m) which have been assigned assay values of zero.

The lengths tabulated above are measured core intervals. The mineralization is contorted and generally transposed parallel to the local foliation. Core angles suggest the apparent widths are exaggerated, but the mineralized structural controls are not yet understood and true thicknesses are unknown.

The sulphides are present within strongly chloritized quartz-feldspar crystal tuff ("quartz augen schist") of the Nepisiguit Falls Formation. This unit has long been known to host base metal deposits in the Bathurst Mining Camp, including Stratabound's Captain deposit, located 4 km to the south. The Stewart mineralization resembles that at Captain, occurring as stringer-type pyrite-chalcopyrite veins, disseminations, and splashes. Accessory amounts of silver, gold and zinc accompany the copper and cobalt.

A third hole was drilled 700 metres south of holes STW-10-1 and 2, along the MaxMin/MEGATEM/IP conductor. It intersected strongly chloritized tuffs and disseminations and blebs of pyrite-pyrrhotite-chalcopyrite but returned no significant assay values. Hole STW-10-4 was collared 150 metres west of holes 1 and 2, cutting similar rocks with minor sulphides present from 230m - 254m, including 10 metres with 13 to 17% total sulphides, returning low copper and cobalt values.

The program included geophysical surveys over approximately 20% of the Nepisiguit property which delineated a strong HLEM (MaxMin) anomaly at least 1,200 metres in length, coincident with IP chargeability and MEGATEM anomalies. The Stewart prospect is located along the same IP trend associated with Stratabound's Captain copper-cobalt deposit, situated 4.8 km to the south.

The EM responses at Stewart are stronger and longer than at the Captain deposit, and have not been adequately explained by the predominantly stringer and disseminated mineralization encountered to date. A gravity survey is planned to investigate whether massive sulphide mineralization may be present below the intersected stringer network.

Stratabound can acquire up to 65% interest in this large (800 hectare) claim group from Commander over a period of five years or less, terms of this option agreement can be found on our website in Commander's News Release dated July 29, 2010.

Analysis of half-core samples was done by Eastern Analytical Limited of Springdale, Newfoundland. Stratabound has Quality Control and Quality Assurance protocols in place for drill core that include blank samples, duplicate samples, certified standards and third party check samples.

John Duncan, P.Geo., a Qualified Person as defined in National Instrument 43-101, is supervising the work program operated by Stratabound.

The information contained within this release was provided by Stratabound. Commander has not reviewed the data or the drilling information.
On Behalf of the Board of Directors,

"Eric Norton"

Eric Norton
President & CEO

For further information, please call:
Cathy DiVito, Investor Relations
Telephone: (604) 484-7111 ~ Toll-free: 1-800-667-7866
www.commanderresources.com
Email: info@commanderresources.com

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. | Disclaimer
Adnet Communications Inc.

Commander Resources Ltd.

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Commander Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Commander Res. est en développement de projets d'argent, d'or, de diamants et d'uranium au Canada, et détient divers projets d'exploration au Canada.

Ses principaux projets en développement sont HERMITAGE et BAFFIN ISLAND au Canada et ses principaux projets en exploration sont NEPISIGUIT-STEWART, OLYMPIC-ROB, LOCHINVAR, ORION GOLD, SABIN, STORM PROPERTY et DESPINASSY au Canada.

Commander Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 10,4 millions CA$ (8,3 millions US$, 7,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 24 mai 1996 à 1,40 CA$, et son plus bas niveau récent le 18 décembre 2015 à 0,01 CA$.

Commander Res. possède 115 300 000 actions en circulation.

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