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Commander Resources Ltd.

Publié le 13 avril 2011

Partner Intersects High Grade Gold in Newfoundland

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Commander Resources Ltd.



  Tuesday, April 12, 2011
Commander's Partner Intersects High Grade Gold in Newfoundland

 
Commander Resources Ltd. (CMD-TSX Venture - "Commander Resources" or "Commander") reports that joint venture partner Maritime Resources Corp. ("Maritime") has provided an update on the 2011 drill program at the Orion gold project, located near Springdale, Newfoundland. The current drill campaign has intersected high grade gold intervals in extensions of the previously identified Discovery and Main Vein zones, as shown in the table below.

Key Intersections:
Drill Hole Number Name From � To (metres) Total (metres) Average g/t Gold
11-89 Discovery Vein 390.10 to 392.20 2.10 7.47
(including) 390.95 to 392.20 1.25 10.16
Main Vein 432.80 to 434.00 1.20 16.58
(including) 433.10 to 433.70 0.60 32.51
11-87 Discovery Vein 303.20 to 304.05 0.85 1.99
Main Vein 320.55 to 320.90 0.35 3.93
11-88 No Significant Values

The high grade gold intervals reported above were assayed by both fire assay and metallic assay techniques to capture possible irregular gold distribution. As all assays varied by less than 15%, the assays shown in the table are the weighted average of the two techniques. True thickness of all intersections reported above is estimated at 91% of drilled interval length.

The Hole 11-89 intersections extend both the Discovery and Main Veins over 50 metres along strike to the south-west where previous interpretation was thought that the veins terminated. These vein systems are now open in this direction for a further 200 metres, substantially increasing the opportunity to increase gold resources at Orion. Drilling is continuing in this direction.

These results are the highest grades that have yet been encountered at Orion where the mineralization of the veins is similar to those at the nearby Hammerdown deposit.

Drilling by Maritime commenced on February 24, 2011 and to date five holes have been completed for a total of approximately 2,300 metres. The Orion deposit is located 2 kilometres from the formerly producing Hammerdown mine, which operated from 2000 to 2004, producing 315,000 tonnes of ore grading an average of 16 g/t gold. The intent of the current program is to examine the Orion prospect for a possible extension of Hammerdown type ore and to expand the defined resource at Orion.

This drill program has been assisted financially by the Government of Newfoundland and Labrador through its Junior Exploration Assistance Program at the Department of Mines.

Quality Assurance and Quality Control ("QA/QC") Procedures for the Orion Project:
Maritime Resources is presently drilling at the Orion project utilizing a diamond drill rig with NQ-sized core being recovered. The drilling is conducted by Springdale Forest Resources Inc. The core is logged, photographed and then split in half using a diamond core saw. Samples are collected on intervals ranging from 30 to 80 cm core length. Half the core is retained off-site at a secure storage facility and the other half is sampled, secured in sealed, labelled bags and then delivered to Eastern Analytical Ltd lab in Springdale, NL. The entire sample is crushed to 95% passing 2 millimetres, split and pulverized to 95% passing 150 mesh, split again, and a 150 gram sample sent for assay. Gold assays are determined by fire assay with an AA finish, and over limit assays are determined by fire assay with a gravimetric (metallic) finish. The Company systematically inserts certified standard samples, duplicate samples and blank samples in a non-sequential order in all batches of samples sent to Eastern Analytical as a means of quality control. Additionally, Eastern Analytical has stringent internal QA/QC protocols. Upon completion of the 2011 assaying 5% to 10% of the core sample pulps from 2011 drilling program will be submitted to another certified lab for check assaying.

Bernard Kahlert, P.Eng. is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.

About the Orion Deposit Transaction:
Under the terms of the Option Agreement, Commander received 12 million shares of Maritime, in exchange for 50% of the Orion gold property. Maritime has the right to earn an additional 50% of the property by issuing another 5 million shares to Commander.

Please see Commander's News Release dated October 7, 2010 for the details of the Orion Property transaction with Maritime. For further property information, visit the Orion Gold Project page on our website at www.commanderresources.com/s/OrionGold.asp.


On behalf of the Board of Directors,



Eric Norton
President & CEO

For further information, please call:
Investor Relations: BMK Communications
Toll Free: 1-866-782-6032

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.

 

�2011 Commander Resources Ltd. All Rights Reserved. | Disclaimer
Adnet Communications Inc.

Commander Resources Ltd.

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CODE : CMD.V
ISIN : CA2005021027
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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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