Commander Extends Strike Length of Gold Showings at Stump Lake, BC
September 13 2011 - 11:08AM
Marketwired
Commander Resources Ltd. (TSX VENTURE: CMD) recently started work
on the Stump Lake gold property located 25 km south of Kamloops.
Commander has the option to earn a 100% interest in the property
under terms announced in a news release dated June 14, 2011. The
property, covering over 57 square kilometres, can be worked
year-round and has good access by road. Scattered showings of a
gold-bearing breccia unit were initially identified over a 1.2
kilometre strike length in limited outcrop with gold values ranging
from 0.5 to 6 g/t Au. Recent work has now extended the srike length
of gold mineralization to over two and a half (2.5) kilometres.
A team of prospectors completed a 20 day program early in the
summer collecting rock chip samples and soil samples on the western
part of the claims. Based on the outcome of that work, a crew
consisting of geologists, prospectors and soil samplers began work
at the end of August to complete an intensive follow-up soil
sampling and prospecting program on a 100m x 50m spaced grid
covering the entire strike length of the mineralized trend.
Approximately 2,000 soil samples will be collected as part of this
program. Geological mapping is also in progress but available
outcrop exposure is limited to occasional breaks in slope on the
flat Interior plateau.
A total of 59 rock chip samples were collected during the 2011
early season prospecting program. These samples are sourced by
coarse, quartz-carbonate breccia containing an abundant stockwork
of open-spaced, chalcedonic quartz veins and fracture-fillings.
Rock chip samples collected from the exposed outcrop yielded the
following values of gold and molybdenum:
--------------------------------------------------------------------------
Sample # g/t Au ppm Mo Sample # g/t Au ppm Mo
--------------------------------------------------------------------------
M412175 1.70 0.18 M412205 0.64 0.31
--------------------------------------------------------------------------
M412182 1.73 0.29 M412180 0.40 7.07
--------------------------------------------------------------------------
M412183 1.54 201.00 M412181 less than D.L. 4.98
--------------------------------------------------------------------------
M412187 2.72 0.21 M412185 less than D.L. 161.50
--------------------------------------------------------------------------
M412194 0.56 0.09 M412188 0.20 1.05
--------------------------------------------------------------------------
M412204 0.87 0.22
--------------------------------------------------------------------------
(i) less than D.L. = below detection limit
"We are very encouraged by the results of our initial property
work and indications that the mineralized gold trend is much larger
than originally thought," states Eric Norton, President &
CEO.
The breccia bodies have been emplaced at the western margin of a
block of Triassic Nicola volcanics, a fault-bounded uplift that
juxtaposes older, arc-related volcanics with younger (Upper
Cretaceous) granitoid intrusives. The Moore Creek Fault forms the
western boundary of the block less than one kilometre from the
Stump lake Showings.
Preliminary interpretation of regional magnetic data indicates a
series of small intrusives underlie the gold prospective area. A
ground mag survey is being conducted as part of the current program
and an Induced Polarization survey is planned for this fall. All of
the data collected this summer and early fall will be compiled and
interpreted to identify and prioritize drill targets for later in
the year.
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 NI 43-101 and has
reviewed and approved the technical content of this News
Release.
On Behalf of the Board of Directors,
Eric W. Norton, President & CEO
Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements
are subject to numerous risks and uncertainties, which are beyond
the control of the Company, including, but not limited to, risks
associated with mineral exploration and mining activities, the
impact of general economic conditions, industry conditions,
dependence upon regulatory approvals, and the uncertainty of
obtaining additional financing. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements.
Shares Issued: 99,852,548
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this 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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