Commander Extends Strike Length of Gold Showings at Stump Lake, BC
13 Settembre 2011 - 5:08PM
Marketwired Canada
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
Grafico Azioni Commander Resources (TSXV:CMD)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Commander Resources (TSXV:CMD)
Storico
Da Nov 2023 a Nov 2024