Commander Commences Work on Storm Copper Property
June 29 2011 - 12:41PM
Marketwired
Commander Resources Ltd. (TSX VENTURE: CMD) reports that it has
signed a contract with Geotech Ltd. to complete a detailed airborne
VTEM survey over Commander's wholly-owned Storm property. The
contract will cover approximately 5,000 line kilometres over an
area of 350 km2. The survey will commence in the first week of July
and take about three weeks to complete. Spacing of flight lines
will initially be at 150 metres with infill spacing at 75 metres in
order to provide good resolution for follow-up examination.
The VTEM survey will be used to identify the EM signature of the
zones of known copper mineralization and to carry this information
to other areas down dip, along strike and hopefully to, as yet,
undiscovered zones. The nature of mineralization and of the host
rocks, as well as the structural setting, makes them ideal for a
VTEM survey. Follow up field work and a drill program will be
implemented during 2012.
The Storm property was initially discovered in the 1990's by
Teck Resources (formerly Cominco Ltd.) and explored between 1995
and 2000. A small portion of the property, approximately 5 km2,
received considerable attention, with detailed geochemical and
drilling investigations. To date, 52 holes have been drilled in
this area of interest, with 28 holes returning copper
mineralization. Four zones of copper mineralization have been
identified, outcropping at surface and extending to depths of at
least 100 metres. These are located within 16 - 20 kilometres of
tidewater.
The 4100N zone, the largest discovered, contains a consistent
interval of copper mineralization starting at a depth of about 50
metres from surface, based on 17 widely spaced diamond drill holes.
The zone extends over an area of at least 1000 metres x 400 metres
and remains open. The 2750N zone is a pipelike breccia body that
extends to depths in excess of 100 metres. Examples of drill
intersections from the 4100 and 2750 zones are highlighted in the
following table:
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Grade
Zone Drill Hole Intersected Width (m) Cu %
--------------------------------------------------------------------------
--------------------------------------------------------------------------
4100N ST 99-47 17.20 3.50
----------------------------------------------------------------
Including 11.00 4.90
----------------------------------------------------------------
----------------------------------------------------------------
ST 00-62 52.60 1.14
----------------------------------------------------------------
Including 7.30 2.41
----------------------------------------------------------------
----------------------------------------------------------------
ST 97-13 71.70 1.01
--------------------------------------------------------------------------
--------------------------------------------------------------------------
2750N ST 97-8 105.00 2.92
----------------------------------------------------------------
Including 53.00 5.09
----------------------------------------------------------------
----------------------------------------------------------------
ST 97-9 24.60 2.65
----------------------------------------------------------------
----------------------------------------------------------------
ST 99-19 58.40 3.10
----------------------------------------------------------------
Including 13.30 9.56
----------------------------------------------------------------
----------------------------------------------------------------
ST99-43 35.50 1.00
----------------------------------------------------------------
----------------------------------------------------------------
ST99-47 13.70 4.20
----------------------------------------------------------------
----------------------------------------------------------------
ST00-62 52.60 1.14
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Also of interest is the 3500N zone, which is exposed at surface
over a 300 metre strike length. Limited drilling in 1999 returned
encouraging results.
The copper mineralization discovered previously is exposed over
a 7 km portion of a 30 km long structural corridor. Mineralization
occurs as stratabound bodies and as large-scale fault-related
high-grade breccia structures. The contact between the host Allen
Bay and overlying Cape Storm formations appears to be favourable
for mineral deposition. The most prominent feature on the property
is a 7 km long block fault (graben) structure. This graben may hide
offset portions of the known mineralization or new zones. There has
been very little investigation carried out along strike or down dip
beneath the cover of the Cape Storm formation. Drilling has been
conducted only to a shallow depth in a few areas. The detailed
airborne survey will be able to map structures to depth, and
identify new anomalous zones that can be targeted for an aggressive
drill program in 2012. Most of the mineralization found to date has
been in the form of chalcocite, bornite and native copper. With
higher prices now being used for the evaluation of copper projects
(compared to prices used in the 1990's) the model being pursued is
for a higher tonnage, lower grade copper resource at depth.
The area covered by Commander's concessions also hosts the Seal
Zinc mineralized zone, located on tidewater at Aston Bay. Previous
drilling indicates that there is potential for a resource in the 2
million tonne range with grades of approximately 8% Zn and 28 g/t
Ag.
The 2011 exploration program is being supervised by Mr. Steve
Potts, P. Geo, V.P. of Exploration for Commander Resources. Mr.
Potts is the Qualified Person under NI 43-101 and has reviewed and
approved the technical content of this release.
On behalf of the Board of Directors,
Eric Norton
President & CEO
Shares Issued: 99,442,548
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Commander Resources Ltd. Cathy DiVito Investor
Relations Toll Free: 1-800-667-7866 info@commanderresources.com
www.commanderresources.com
Commander Resources (TSXV:CMD)
Historical Stock Chart
From Dec 2024 to Jan 2025
Commander Resources (TSXV:CMD)
Historical Stock Chart
From Jan 2024 to Jan 2025