Drilling Commences on Commander's Nepisiguit Property, New Brunswick
Commander Resources Ltd. (CMD-TSX Venture - "Commander") reports joint venture partner Stratabound Minerals ("Stratabound") has commenced drilling on the Commander's Nepisiguit property located in the Bathurst, New Brunswick area.
The Nepisiguit property is located in the core of the prolific Bathurst camp which produced high grade base-precious metals over the past 60 years. Stratabound Minerals owns the adjacent CNE property to the south, from which it mined lead-zinc-silver ore earlier this year and had it toll processed at the nearby #12 Mill owned by Glencore-Xstrata.
Over the past two years, Stratabound completed various detailed geophysical surveys and several drill holes on the Stewart copper zone of Commander's property. Previous drilling encountered significant copper-gold intersections including 27 metres grading 1.4% Cu and 11 metres grading 2.04% Cu, 0.49 g/t Au and 7.48 g/t Ag.
The first hole of the current program is targeted on a gravity high associated with this copper zone. Results will be published as made available by Stratabound.
Stratabound can acquire up to 65% interest in this 1,049 hectare property from Commander over a period of five years or less. Terms of this option agreement can be found on our website in Commander's News Release dated July 29, 2010.
On Behalf of the Board of Directors,
Eric W. Norton
President & CEO
For further information, please call:
Cathy DiVito, Investor Relations
Telephone: (604) 484-7111 ~ Toll-free: 1-800-667-7866
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this news release.