Commander Completes First Year Review of Its Sabin Cu-Zn-Au Property, Ontario
December 17 2012 - 8:00AM
Marketwired Canada
Commander Resources Ltd. (TSX VENTURE:CMD) ("Commander") reports that results
from this year's soil geochemical sampling program conducted at its Sabin
property have now been received. The property is situated approximately 400 km
NW of Thunder Bay, ON at the northern extent of the Sturgeon Lake greenstone
belt and is accessible by highway. This is the first time that a soil sampling
program has been conducted on this property. The property is known to host a VMS
base-precious metal deposit called the Marchington Zone. Four other zones have
been identified but have not been drill tested.
The intent of the 2012 soil sampling program was to correlate soil geochemistry
with the known Marchington VMS deposit, and to determine if this method could be
useful for detecting anomalous levels of metals on other zones. Approximately
650 samples were collected on a north-south grid at 50m spacing with lines 100m
apart.
Conclusions from the 2012 geochemical program are as follows:
-- The method was successful in outlining the existing zones as well as
identifying additional zones to the west and north that have not been
drill tested.
-- Numerous anomalous gold samples are irregularly distributed, likely due
to overburden variation, however there is a co-incidence of gold values
with the Marchington zone.
-- The program indicates that the area has potential for further
discoveries. Previous work did not close off the existing known
mineralized zones, with potential to depth and along strike, and
additional new zones have been identified.
-- The detailed plot showing the combined results of base metals in soils
across the area, as well as anomalous values (greater than 10ppb) for
gold is posted on the Company's website at www.commanderresources.com.
Eric Norton, President and CEO states, "This is the first time in 16 years that
the Sabin property has been explored. The known deposit was identified in the
1970's by an airborne survey followed by ground surveys and drilling by Union
Miniere. Approximately 53 holes were drilled across the mineralized zones. The
deposit was left open at depth and along strike. In fact, at that time a mining
plan was developed but not implemented. With today's better analytical methods
and lower levels of detection, soil sampling has been carried out for the first
time and we can now move the project forward, under favourable market
conditions, with a planned IP survey and exploration drilling of our own."
The samples were collected by Commander's personnel and a contracted crew from
Billington Resources Ltd, based out of Toronto. The samples were submitted to
SGS Mineral Services, based in Toronto and Vancouver, and were analyzed using
lead fire assay technique, with an ICP-MS 35 element finish.
About the Property:
The Sturgeon Lake greenstone belt is host to several commercial deposits.
Historic mining 40 km to the south of the Sabin property (the Mattabi, Sturgeon
Lake and Lyon Lake mines) recovered zinc, copper and lead with significant
silver and gold credits. The Pickle Lake gold mining camp is located 120 km to
the north. The Sabin property falls within the Savant Lake greenstone belt (part
of the Sturgeon Lake belt), underlain by the Archean Handy Lake volcanic belt: a
complex assemblage of moderately to intensely altered felsic volcanic sequences.
The majority of the known mineral occurrences in the region are hosted by the
lower felsic cycle. To date four significant base metal showings including a
small deposit have been discovered on the property. Widespread alteration
characterized by sodium and calcium depletion is evident in areas underlain
primarily by sericitized lower cycle felsic volcanics containing chalcopyrite,
sphalerite, galena and pyrite carrying significant precious metals. Previous
drill programs targeted base metals, and did not consistently assay for gold. In
1995 Noranda, now Xstrata entered into a JV partnership with Commander and
drilled three holes, one of which reported 3.75 g/t Au over 0.5m. Noranda
carried out enough work to earn a 41% partnership on some of the claims owned by
Commander. With a better understanding of the value of precious metals
associated with base metals in VMS style deposits, Commander recognizes the
potential for Sabin as a base metal property with significant precious metal
credits.
The Table below summarizes some of the mineralized sections from previous drill
programs. In total, 53 holes for a combined 8,748 m have been completed, with 22
holes intersecting significant mineralization.
Historical Drill Results - Sabin 1977 to 1995
----------------------------------------------------------------------------
Intersected
From To Width Cu Zn Pb Ag Au
Drill hole (m) (m) (m) (%) (%) (%) (g/t) (g/t)
----------------------------------------------------------------------------
SA-5 46.52 49.88 3.35 1.92 5.71 2.03 102.00 Tr
----------------------------------------------------------------------------
SA-42 134.91 137.20 2.29 0.13 4.48 1.51 27.00 2.11
----------------------------------------------------------------------------
SA-50 89.94 93.84 3.90 3.14 1.43 0.59 88.00 0.53
----------------------------------------------------------------------------
SA-52 110.40 110.98 0.58 5.26 1.18 0.93 222.00 3.42
----------------------------------------------------------------------------
SA-63 17.38 20.88 3.50 1.67 7.71 2.21 160.00 0.33
----------------------------------------------------------------------------
SA-68A 6.55 11.43 4.88 1.47 5.15 1.46 83.00 0.83
----------------------------------------------------------------------------
SA-68B 19.21 22.94 3.73 1.53 3.21 0.93 109.00 0.68
----------------------------------------------------------------------------
SA-69 5.79 8.99 3.20 4.28 4.75 1.62 161.00 1.07
----------------------------------------------------------------------------
SAB 95-1 120.25 123.00 2.75 1.86 1.62 NA 97.00 1.41
----------------------------------------------------------------------------
Tr = Trace NA= not assayed
Steve Potts, P. Geo, VP of Exploration is a Qualified Person as defined by
National Instrument 43-101 and has reviewed and approved the technical
disclosure contained in this release.
COMMANDER trades on the TSX Venture Exchange under the symbol "CMD". For
additional information, please visit the Company's website at
http://www.commanderresources.com.
On behalf of the Board of Directors,
Eric Norton, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
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 Oct 2024 to Nov 2024
Commander Resources (TSXV:CMD)
Historical Stock Chart
From Nov 2023 to Nov 2024