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Commander Resources Ltd.

Publié le 21 janvier 2013

Reports Progress on Storm Copper Property, Nunavut

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Mots clés associés :   Copper | Report | Zinc |
Commander Resources Ltd.



  Friday, January 18, 2013
Commander Reports Progress on Storm Copper Property, Nunavut

  VANCOUVER, BC - Commander Resources Ltd. (CMD-TSX.V, "Commander") is pleased to report that Aston Bay Ventures Ltd. ("Aston Bay"), who optioned Commander's wholly-owned Storm Property in 2011, is making progress in obtaining a public listing, which is one of the requirements of the Option and Earn-in Agreement between Commander and Aston Bay dated November 17, 2011 ("Option Agreement").

Aston Bay recently announced concluding an Arrangement Agreement with Escudo Capital Corporation ("Escudo", a Capital Pool company listed as EDO.P on the TSX Venture Exchange) whereby each issued and outstanding share of Aston Bay will be acquired by Escudo in exchange for one common share of Escudo.

Commander received 3 million shares of Aston Bay under the terms of the Option Agreement (see CMD News dated October 11, 2011) and will therefore hold 3 million shares of Escudo if the Arrangement Agreement is approved by the Exchange.

Concurrent with the closing of the acquisition of Aston Bay, Escudo plans on completing a best-efforts private placement financing with the proceeds to be used for exploration on the Storm Property (which includes the Storm Copper area and the Seal Zinc area).

Additionally, Aston Bay executed an agreement with Teck Metals Ltd ("Teck") for a license to Teck's historical technical database on the Storm Property, which documents early exploration work, including drilling, conducted by Teck from 1996 to 2001. This database will significantly advance Aston Bay's technical knowledge of the property and will place Teck as a key shareholder in Aston Bay.

About the Commander - Aston Bay Option Agreement:

Commander and Aston Bay signed an Option Agreement in November, 2011 (amended in July, 2012), under which Aston Bay (a private company) has the option to earn an initial 50.1% interest in the Storm Property by spending $6 million over four years, including a minimum of $1-million expended in each of the first two years, and by completing a public listing on a recognized stock exchange by March 31, 2013. Aston Bay may earn a 70% interest in Commander's Storm Property by funding total exploration expenditures of $15 million. As part of the Option Agreement and subsequent amendment, Commander has received payments totaling $150,000 and 3 million shares of Aston Bay, and is to be issued an additional 500,000 shares by December 31, 2015.

In 2012, Aston Bay completed an exploration program which included staking of approximately 75,000 acres (30,000 Ha), rock sampling of the main copper showings, geological mapping and regional prospecting. Historical drill core was examined and selectively re-sampled over extensive, previously un-sampled intersections. A condition of the agreement is that work programs be conducted on the property in 2013 and 2014. Full details of the agreement are available on Commander's website.


About the Storm Property:

The Storm Property is situated within a thick Paleozoic sedimentary sequence on northwest Somerset Island, Nunavut. High grade stratabound copper mineralization is hosted by altered carbonate rocks as breccias and replacement bodies. Historic drill hole intercepts range up to 53 metres assaying 5.05% copper and 96 metres averaging 0.96% copper, in four known zones. The property also hosts the Seal zinc prospect, with assay intervals up to 18 metres grading 10.5% Zn and 28 g/t silver, and is located at tidewater. Commander Resources holds 100% of the 250,000 acre property with no outstanding royalties.

Bernard H. Kahlert, P.Eng., VP of Corporate Development, is the Qualified Person under NI 43-101 guidelines who has read and approved the technical content of this News 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 W. Norton
President & CEO

 

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

Commander Resources Ltd.

EN DÉVELOPPEMENT
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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Dans les médias de Commander Resources Ltd.
30/03/2006Corporate profile
Rapports annuels de Commander Resources Ltd.
2007 Annual report
2006 Annual report
Financements de Commander Resources Ltd.
23/05/2011Closes Tranche 2 of Financing
12/04/2011Announces Private Placement Financing
Nominations de Commander Resources Ltd.
24/06/2008Announces Appointment of Director
Projets de Commander Resources Ltd.
02/12/2013Drilling Commences on Commander's Nepisiguit Property, New B...
09/07/2013Expands Sarah Lake Nickel Property, Labrador
17/05/2013to Acquire 100% Interest in Sarah Lake Nickel Property, Labr...
21/01/2013Reports Progress on Storm Copper Property, Nunavut
25/09/2012Completes 2012 Field Program & Receives Results from Omineca...
23/07/2012Optionee Commences Work at Storm Copper Property
29/03/2012Provides Update on Storm Copper Property Deal
27/03/2012Completes Initial Drill Program at Stump Lake Gold Property
23/03/2012(Baffin Island)Retains 100% of the Baffin Island Project
10/02/2012Identifies Anomalous Gold Zones on Yukon Gold Property
08/02/2012to Commence Initial Drill Program at Stump Lake Gold Propert...
31/01/2012Sells Remaining Green Bay Property Interest to Maritime
26/01/2012(Baffin Island)Outlines Large I.P. Anomaly at Baffin Island Gold Property
15/12/2011(Storm Property)Closes Storm Property Deal
24/11/2011Signs $15 Million Option Agreement on Storm Copper Property
13/10/2011Commences IP Survey on Stump Lake Gold Property, BC
22/07/2011Commences Work on Yukon Gold Property
06/07/2011(Baffin Island)Mobilizes for 2011 Baffin Island Gold Program
14/06/2011Acquires New Gold Property In BC
03/06/2011Options Gold Property in the Yukon
13/04/2011Partner Intersects High Grade Gold in Newfoundland
24/02/2011(Orion Gold)Reports That Drilling Has Commenced on Orion Gold Project
16/02/2011Partner Cuts High Grade Copper at Nepisiguit
24/09/2009(Baffin Island)Discovers New Gold Showings On The Baffin Gold Project, Nuna...
24/02/2009Files 43-101 Technical Report On The Storm Copper Project, N...
03/11/2008(Baffin Island)Awaits Assay Results From Baffin Gold Project
30/05/2008Commissions a 43-101 Technical Report on the Newly Acquired ...
09/05/2008(Rob) Attracts a New Partner to the Olympic-Rob Property, Yukon T...
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26/03/2008(Hermitage) Samples 0.17% U3O8 Over 1.15 Metres At Hermitage
14/02/2008(Blue Hills (hermitage)) Earns 100% Interest In The Blue Hills And White Bear Uraniu...
04/02/2008(Hermitage) Extends Uranium Trend On Hermitage
21/01/2008(Strickland (hermitage)) Outlines Drill Targets at Troy's Pond
14/01/2008(Baffin Island) Reaches Agreement to Accelerate Acquisition of 100% of Qimm...
10/01/2008(Despinassy) Sells Despinassy Interest To JV Partner
26/11/2007Durette Drilling Returns High Grade Intersections And A New ...
15/10/2007(South Voisey Bay)Commander and Donner Commence EM Survey on the Sarah Lake Ni...
02/10/2007(Baffin Island)Baffin Project Update - New Mineralized Trend Discovered
19/09/2007(Olympic-rob)'s Partner In The Yukon Reports 1.12% Cu over 5.6 metres fro...
04/07/2007(Olympic-rob)Drilling Commences On Commander'S Olympic-Rob Cu-Au-U Proper...
05/06/2007(Hermitage)Reports Drill Results From Newly Discovered Uranium Minerali...
07/05/2007(Hermitage)Completion of Phase 1 Drill Program: Radiometric Zones Disco...
26/04/2007(Hermitage)Drilling on White Bear Confirms Bedrock Uranium Mineralizati...
09/04/2007(Hermitage)CMD's Hermitage Uranium Exploration Update
Communiqués de Presse de Commander Resources Ltd.
23/06/2016Commander Acquires Exploration Assets from Bearing Resources
09/06/2016Commander Elects Five Directors and Appoints Stephen Wetheru...
02/05/2016Commander Raises $1 million through Sale of Aston Bay Shares
07/04/2016Commander Amends Option Agreement with Maritime for Purchase...
08/10/2015Commander Announces Executive Appointment
01/10/2015Commander Resources Announces Executive Appointment
21/07/2015Commander Grants Incentive Stock Options
11/07/2015Commander Amends Option of Glenmorangie Property
09/07/2015Commander Appoints Robert Cameron to the Board
08/07/2015Commander Appoints Robert Cameron to the Board
02/03/2015Geophysical Survey Outlines Strong Conductors on South Voise...
15/08/2013Attains 100% Ownership of South Voisey's Bay Nickel Project
28/05/2013Reports Resource Estimate for 40% Owned Maritime Resources N...
06/05/2013Optionee on Storm Copper Property Completes Public Listing
17/10/2012Defines Drill Targets on its Glenmorangie Gold Property, Yuk...
11/10/2012Optionee Moving Forward on Public Listing
27/06/2012Commences 2012 Field Program
27/04/2012Reports Stump Lake Gold Drill Program Results
13/09/2011Extends Strike Length of Gold Showings at Stump Lake, BC
29/06/2011Commences Work on Storm Copper Property
21/06/2011Partner Expands High Grade Gold Zones at Orion
01/06/2011(Orion Gold)and Maritime Resources Corp.: Exploration and Development Al...
08/04/2011Plans 2011 Exploration Program
06/04/2011Appoints New Vice President of Exploration
29/07/2010Options New Brunswick Properties to Stratabound Minerals
19/11/2009Final Approvals For Anglogold Baffin Farm-In And JV
09/11/2009Samples Up to 442 G/T Gold from New Baffin Prospects
04/06/2009Receives Units of Fjordland as Settlement
02/03/2009Seeks Partner For The Orion Gold Deposit, Newfoundland
03/12/2008Cuts 91.06 G/T Gold Over 1.6 Metres In Channel Sampling On B...
13/11/2008and Bayswater Sell a Royalty on Cochrane Pond to Global Gold...
30/09/2008CMD - Update September 2008
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13/05/2008Commander Leverages Its Base Metal Rights On Baffin Island
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25/02/2008 Plans Geophysical Survey on Labrador Nickel Properties
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20/12/2007Corporate Update
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