Commander Commences IP Survey on Stump Lake Gold Property in BC
October 13 2011 - 1:49PM
Marketwired Canada
Commander Resources Ltd. (TSX VENTURE:CMD) reports that work has commenced on an
Induced Polarization (IP) survey at the Stump Lake gold property, located south
of Kamloops, BC. During the months of August and September a detailed soil
sampling program was carried out, and a 3 km by 3 km grid was installed for the
IP survey. Analysis of the soil geochemistry and IP survey, in conjunction with
the previously completed geological mapping, outcrop sampling and ground
magnetic geophysical survey, will be used to identify high priority drill
targets for follow-up later this year.
Gold values ranging from 0.5 to 6 g/t Au are sourced by coarse, quartz-carbonate
breccia containing an abundant stockwork of open-spaced, chalcedonic quartz
veins and fracture-fillings. Scattered showings of this gold-bearing breccia
were initially located over a one kilometre strike in limited outcrop, but this
has since been extended to over two and a half kilometres in length. Values of
gold and significant amounts of molybdenum have been assayed in rock chip
samples as reported in the company's news release dated September 13, 2011.
Preliminary interpretation of regional magnetic data indicates that a series of
small intrusives underlie the gold prospective area.
The IP survey has been awarded to Frontier Geophysics, based out of North
Vancouver B.C. They mobilized to the property on October 4th 2011 and work has
now commenced. The arrays have been designed to pick out at depth, the
brecciated veins that have been located at surface and also to allow for a
deeper penetration for detection of any intrusives that may be the source of the
epithermal vein system.
The survey will be carried out over a five week period. The results and
interpretation of the IP data, combined with geochemical information, will
assist the company on focusing on anomalous areas, which will be followed up
with a drill program. A map of the survey area can be found on the company's web
page.
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.
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.
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