Commander Mobilizes for 2011 Baffin Island Gold Program
July 06 2011 - 11:35AM
Marketwired
Commander Resources Ltd. (TSX VENTURE: CMD) reports that
mobilization for the summer field program on their Baffin Island
gold property is commencing. A budget of approximately $3 million
has been allocated to carry out an extensive geophysical program at
the Kanosak gold prospect along with early stage exploration on new
claims that were acquired in 2009. The program will be operated by
Commander and financed by AngloGold Ashanti under the terms of the
$20 million farm-in Joint Venture Agreement as announced on
September 3rd, 2009.
The 2011 exploration program will focus on the extensive,
sediment hosted Kanosak gold prospect. The Kanosak gold prospect
has been previously identified to cover a large area of about 4 km
by at least 300 metres. It is characterized by two silicified
strata, averaging 20 metres and 10 metres thick respectively, which
carry gold mineralization associated with arsenopyrite. The area
was first examined in 2010 with a drill campaign of 13 widely
spaced shallow holes over a 2.5 km strike length. The drilling
confirmed that a large gold bearing system is present over the
entire strike length. The host strata dip gently to the east over a
long distance, and can be traced to depth using a wide spaced IP
array. In the 2011 field season an extensive IP survey, covering a
nine square kilometre area and modelled in 3 dimensions, will be
carried out in order to expand the prospect area and identify the
best potential targets for follow-up drilling in upcoming years.
The contract for this work has been awarded to Abitibi Geophysics,
based out of Val-d'Or, Quebec.
In addition to the I.P. survey at Kanosak, prospectors and
geological support provided by GeoVector Management Inc. of Ottawa,
Ontario will continue a regional mapping and prospecting program on
the 150 kilometre Greenstone Belt. New claims that were staked in
2009 will be explored this year for the first time since being
acquired.
The 2011 field program will commence on 10th July and be
completed around the first of September. To date the Baffin project
has yielded numerous gold prospect areas occurring over a strike
length in excess of 100 kilometres. The property includes
high-grade gold values in at least three separate iron formation
units, within shear zones and quartz veins in younger granodiorite,
gabbro, and metasedimentary units. In each of the different
settings, gold occurs primarily as free gold. The 2011 program,
with the large IP survey and early stage exploration on new
properties, is designed to generate a pipeline of targets at
various stages of development for upcoming field seasons.
The 2011 exploration program is being supervised by Mr. Steve
Potts, P. Geo, V.P. of Exploration for Commander Resources. Mr.
Potts is a Qualified Person as defined by National Instrument
43-101 and has reviewed and approved the technical content of this
News Release.
On behalf of the Board of Directors,
Eric Norton, President & CEO
Shares Issued: 99,592,548
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
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