Commander Extends Strike Length of Gold Showings at Stump Lake, BC
VANCOUVER - Commander Resources Ltd. (TSX-V: 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|
* <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
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.