Commander to Commence Initial Drill Program at Stump Lake Gold Property in BC
VANCOUVER, BC - Commander Resources Ltd. (CMD-TSX.V, "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,
President & CEO
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