Commander's Partner Intersects High Grade Gold in Newfoundland
April 12 2011 - 12:45PM
Marketwired
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
---------------------------------------------------------------
(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
Shares Issued: 90,942,516
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: BMK Communications Investor Relations Toll Free:
1-866-782-6032 info@commanderresources.com
www.commanderresources.com
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