Commander Resources Commences Work on Yukon Gold Property
July 22 2011 - 9:30AM
Marketwired
Commander Resources Ltd. (TSX VENTURE: CMD) announces the
commencement of the 2011 field program at the Glenmorangie gold
property, located in south east Yukon. Camp has been established
and crews have started the planned work program. An eight man crew
has been mobilized to the property to collect a minimum of 2,000
soil samples across the 5,800 ha property. Commander's claims lie
to the north of, and along strike from, the highly prospective 3Ace
property, owned by Northern Tiger, where a $6 million drill program
has begun.
The company is budgeting for a first year program of
prospecting, mapping, extensive soil sampling, and follow-up
trenching and rock chip sampling. The initial focus of the
geological and prospecting programs will be to locate fault
structures and quartz vein systems, which have the potential to
host gold mineralization. Indicator minerals such as arsenopyrite
will be used in the soil sampling program to define sub surface
areas for follow up trenching. The planned work will continue into
September. Samples will be submitted to ALS Chemex Labs, based out
of Whitehorse.
About the Glenmorangie Property:
The Glenmorangie property is located in the Selwyn Basin and
lies at the southern end of the Tombstone Gold Belt. The formations
consist of phyllites, slates and argillite of the Vampire
formation, and conglomerates of the Highland Group. Intruding the
meta sediments are younger Cretaceous aged stocks and plutons. The
Little Highland River Valley is dominated by a major structural
feature called the March Fault and bounded to the north by the
Dawson Fault, and to the south-west, by the Tintina Fault. The
Tintina Fault and associated splays have become synonymous with
gold finds and the significance of this major tectonic event is
still being studied. Mineralized quartz veins have been found on
the Glenmorangie property and could either be associated with
faulting events or with an underlying Cretaceous aged intrusion, or
both. The area has been glaciated and therefore the valleys are
filled with glacial debris. Good rock exposure is found at higher
altitude.
The area has seen considerable interest over the last few
months, with land acquisitions by several companies. A regional
stream geochemistry program carried out by the Yukon Geological
Survey, highlighted gold anomalies from several tributaries running
into the Little Highland River. Prospecting of the claims, carried
out under a Government sponsored program (YMIP) has added
geochemical information to the database, and highlighted anomalous
gold assays in rock chip samples, soils and silt samples. The
results of the rock chip program are highlighted in Table 1.
Rock Chip Sampling
-----------------------------------------------
Sample ID Au - ppb Sample ID Au - ppb
-----------------------------------------------
RS10A 139 RS14 365
-----------------------------------------------
RS15 107 RS 18 205
-----------------------------------------------
RS 35 924 RS 36 1,485
-----------------------------------------------
RS 43 748 RS 44 442
-----------------------------------------------
RS61 A 430 RS61 B 265
-----------------------------------------------
RS 61C 266 RS 63 877
-----------------------------------------------
There has been minimal exploration for gold in this area, with
the focus historically being on tungsten and the North American
Tungsten mine located only 7 km from the Glenmorangie property. The
area favours a structurally hosted gold system, due to the major
structures which have been found and the meta sediment formations
whose porosity lends favourably to absorption of gold enriched
fluids. There is also the possibility of bonanza style vein systems
within the major structures, or sub paralleling these structures.
The third possibility for mineralization is the underlying
Cretaceous age intrusions, which could have forced magmatic fluids
into the host rocks overlying the intrusions.
Steve Potts, VP of Exploration, is the Qualified Person as
defined by National Instrument 43-101 and has reviewed and approved
the technical disclosure contained in this release.
On behalf of the Board of Directors,
Bernard H. Kahlert, VP of Corporate Development
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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