Commander Commences IP Survey on Stump Lake Gold Property, BC
VANCOUVER - Commander Resources Ltd. (TSX-V: 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
Investor Relations: Cathy DiVito, Investor Relations
Toll Free: 1-800-667-7866
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. 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.