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Commander Resources Ltd. (CMD-TSX Venture -
"Commander Resources" or
"Commander") announces its plans for the upcoming
2011 field season. The Company will have a very active year with work
occurring on up to six of its
properties. The focus of the activities
will be on Commander's copper and gold
holdings, with a program being
planned on the Storm copper
project in Nunavut. Three
of the programs will be
funded by Commander's partners: AngloGold Ashanti at Baffin Island gold, Maritime Resources
at the Orion gold project
in Newfoundland, and Stratabound Resources at the Nepisiguit
base metals project in
New Brunswick. The Company plans to fund exploration programs at their 100% owned Storm copper property in Nunavut,
the Olympic copper-gold
property in Yukon, and Sabin base metals property in Ontario.
Storm Copper Property: The Storm copper project is being activated
for the first time since being
acquired in 2008. The property consists of four permits covering 208,286
acres (84,291 ha) and is located
on the northwest corner of Somerset Island
adjacent to the Northwest Passage. The target is a large tonnage, high-grade
sedimentary (carbonate) hosted
copper deposit.
Significantly, the main copper
prospects are only 20 km from
tidewater, with access to shipping routes to European
and Asian markets.
Exploration carried out by Teck Resources (formerly Cominco Ltd.) in the 1990's, including
66 diamond drill holes,
indicated the presence
of extensive high grade copper
mineralization hosted
in several near surface
zones over a 7 km x 2 km structure cutting favourable Paleozoic
carbonate rocks. The main controlling structure is 15 kilometres long. Drill intercepts from the previously discovered zones yielded results of up to
5.09% copper over 53 metres
and 0.96% copper over 98 metres.
The largest zone so far
measures 1000 m x 400 m and is
open to expansion. With the current
and forecast price of copper now several times higher than in the 1990's, the type of target
has shifted from small tonnage, high grade deposits to a large tonnage, mid-grade
deposit.
The program for 2011 is intended
to consist of remapping
and sampling of the main showing
areas, prospecting and sampling
the main 15 km structural corridor for new copper
occurrences and refining the geological
targets for drill-testing.
Particular attention will
focus on alteration zones and identifying
the main controlling structures through targeted ground geophysical and geochemical surveys. Historical drill core that has been stored on the property will be re-logged and sampled with the new target type in mind. An airborne EM-Mag survey may be flown after
the completion of ground-work,
and a sealift will be shipped with materials being placed to support an aggressive and efficient drill program in 2012.
Olympic Property:
The Olympic copper-gold
property is located north of Dawson City
in the Yukon and has claims covering 4,431
hectares. The property covers
a very large (+10 km) hematite
breccia complex with numerous copper and copper-gold showings which are similar in style and age to
the Olympic Dam deposit
in Australia. Two deep seated magnetic blocks have recently
been identified which underlie the western portion of the breccia
complex based on airborne EM-Mag surveys. Although some drilling has been completed at Olympic, these new targets have not been evaluated
or tested.
The planned 2011 program will
consist of geological mapping, prospecting and sampling as well as a 15 km IP survey. This work will define
the targets for possible drill testing in 2012.
Sabin Property: The Sabin copper-zinc property is a large (114 claims) holding located
in northwest Ontario. It is
situated at the north end of the Sturgeon Lake Greenstone
Belt which hosted the precious metal rich Mattabi and Lynn Lake VMS deposits.
As the property is crossed by major paved highways and is only 8 km from the CN Mainline at Savant Lake, it can be
worked year round. Historic work on this property discovered significant base metal and precious metal showings.
Work on Sabin in 2011 will consist of detailing several large geochemical/geophysical targets on highly altered felsic volcanics. As Sabin has never
been explored for gold, Commander's
2011 program plans to evaluate the Rainy River style of mineralization
on the property for its
gold potential.
PARTNER FUNDED PROGRAMS:
Baffin Island Gold Property: As previously announced, AngloGold Ashanti will be funding an aggressive geophysical
program at the Kanosak
and Ridge Lake prospects, with
the intent of defining
drill targets for 2012, and possibly
late 2011. Prospecting will also be
done on property acquired in 2009. This will be Commander's
first look at this new
area. Mobilization will
commence in June and this
year's budget will be approximately $3 million.
Orion Gold Property: Maritime Resources is currently drilling on the
Orion gold deposit located
near Springdale, Newfoundland. Approximately 2,000 metres
have been drilled, of the 4,000+ metre planned program. Results are awaited. The current drill program is expected to continue into June 2011.
Nepisiguit Base Metals Property:
Stratabound Resources
has recently released results from their drill program, which included 18 metres at 1.45% Cu and 4.0 metres at 3% Cu with strong cobalt credits. Stratabound has also initiated a Preliminary Economic Assessment based on their Captain copper deposit located immediately south of Commander's property.
More detailed information on the projects will be provided when final budgets and programs are in place.
Information on the projects can
be found on the Company's website at www.commanderresources.com.
On Behalf of the Board
of Directors,
Eric Norton
President & CEO
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