Commander's Partner Intersects High Grade Gold in Newfoundland
April 12 2011 - 12:45PM
Marketwired Canada
Commander Resources Ltd. (TSX VENTURE:CMD) ("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:
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Drill Average
Hole Total g/t
Number Name From - To (metres) (metres) Gold
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11-89 Discovery Vein 390.10 to 392.20 2.10 7.47
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(including) 390.95 to 392.20 1.25 10.16
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Main Vein 432.80 to 434.00 1.20 16.58
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(including) 433.10 to 433.70 0.60 32.51
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11-87 Discovery Vein 303.20 to 304.05 0.85 1.99
---------------------------------------------------------------
Main Vein 320.55 to 320.90 0.35 3.93
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11-88 No Significant Values
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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
Shares Issued: 90,942,516
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