Commander Outlines Large I.P. Anomaly at Baffin Island Gold Property
VANCOUVER, BC - Commander Resources Ltd. (TSX-V: CMD) is pleased to announce that results from the deep sensing, 3-D Induced Polarization (IP) Survey conducted at the Kanosak gold prospect in the 2011 field season have been reported. The survey results indicate the presence of a steeply dipping, cross-cutting zone of high chargeability and low resistivity below gold anomalous strata bound sulphide mineralization hosted in flat lying sediments over a 3 km strike length. The IP anomaly is interpreted as a possible feeder to the extensive surface mineralization. Trenching and shallow drilling has previously found widespread free gold in quartz veins and associated with disseminated arsenopyrite and pyrite.
The survey was conducted by Abitibi Geophysics of Val d'Or, Quebec, who also prepared all plans and interpreted the results. The report states that a large, sub-vertical anomaly commences about 150 metres directly below the surface gold showings at Kanosak. The IP chargeability anomaly underlies the entire 3 km strike extent of the grid. Additionally, the anomaly is open to the south, with the strongest response at the southern most grid line.
The report states that the intensity of the anomaly increases with depth, with primarily background chargeability values (15-30 mv/V) from surface to 50 metres, increasing to some of the highest recorded values (300 mv/V) at 150 metres. The high values are interpreted to be attributable to sulphides, as there is no graphite recorded in this area.
The IP results are presented with maps on the Company's website. Three plan maps show chargeability values at 50-100-150 metre depths and a surface interpretive plan shows the IP anomaly, along with completed and proposed drill holes. Most of the holes (shown in grey) were drilled west of the target or were too shallow to reach the top of the interpreted source. This previous drilling was designed to test surface gold showings and early stage, shallow (less than 75 metre depth) IP response. Proposed holes, (shown in green) are designed to test the new, deep responses.
The interpretation of the IP response from the deep, 3-D survey indicates that a very large, strong disseminated sulphide source dips sub-vertically below 150 metres depth from surface. This may be the feeder system which produced the very high grade, but irregularly distributed gold veins scattered over 3 km's on surface at Kanosak.
The chargeability anomaly is associated with a resistivity high, which is also reflected in the surface showings at Kanosak. Here, gold is associated with the arsenopyrite and minor pyrite, which are good IP sources. As the IP source is associated with magnetic lows, the source is not expected to be magnetic pyrrhotite or magnetite.
A 3,000 metre drill program has been proposed to test these strong, deep targets. A camp is established and permits are in place.
Bernard Kahlert, P.Eng. is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
COMMANDER RESOURCES LTD. is a diversified exploration company that employs project generation and leverage strategies to develop Canadian resources for, either, sale or joint venture. By employing this strategic approach Commander is able 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,
President & CEO
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