Commander to Commence Initial Drill Program at Stump Lake Gold Property in BC
08 Febbraio 2012 - 7:59PM
Marketwired Canada
Commander Resources Ltd. (TSX VENTURE:CMD) ("Commander") announces it will
commence a six week drill program at its Stump Lake Gold property, located near
Kamloops, B.C. The drill is currently being mobilized to site and drilling is
expected commence on February 13th.
A 2,000 metre diamond drill contract has been awarded to Matrix Drilling, based
in Kamloops. This first phase of drilling is designed to evaluate continuity and
depth extent of a prospective north to northwest striking gold bearing
quartz-carbonate epithermal brecciated vein system. Analytical work will be
carried out by SGS Mineral Services in Vancouver.
Previously reported values in rock chip samples recorded up to 6 grammes per
tonne gold and anomalous values were traced along strike for over 2.5 kilometres
(see Company's news release dated September 13, 2011). Prospective indicator
minerals, adularia and fluorite are widespread. A ground magnetic survey and an
IP survey, both carried out last fall, confirm the existence of magnetic highs
as well as a chargeable source at depth.
A soil sampling program completed in 2011 confirmed the trend of anomalous gold
values and defined a width of 800 metres to the corridor. Elements such as
arsenic and silver were also identified at anomalous levels in the soil
geochemistry results. Geochemical analysis of the core from the upcoming program
will better define the level of alteration within and around the vein and
breccia system.
The area to be drilled is located approximately five kilometres west of Stump
Lake and 25 kilometres south of New Gold's NewAfton copper-gold mine and the
Ajax copper-gold deposit. The region encompasses the Nicola volcanic rocks of
Triassic age. On the western side of the claims, a Jurassic-Cretaceous
granodioritic batholith and a graphitic schist unit have been juxtaposed against
the Nicola volcanics by a regional uplifting fault (Moore Creek fault). The
Moore Creek fault is a north, north-west lineament and trends through the Iron
Mask batholith that hosts the Ajax and Afton deposits. The brecciated epithermal
veins that have been found to date on the property are interpreted to represent
an extensional phase of movement co-incident with the Moore Creek fault.
Textures within the vein system indicate multiple phases of fluid movement of
variable temperatures, features which are essential components for introducing
metal mobility and deposition.
The 2012 drill 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.
COMMANDER RESOURCES LTD. is a diversified exploration company that employs
project generation and leverage strategies to develop Canadian resources for
option, sale or joint venture. By employing this strategic approach Commander
plans to systematically enhance shareholder value while managing the risk
associated in exploration and development.
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 & CEO
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