Nepisiguit, New Brunswick Base-Precious Metal Property Being Advanced
Commander Resources Ltd. (CMD-TSX Venture - "Commander") reports joint venture partner Stratabound Minerals ("Stratabound") announced that they will complete their third year option work on Commander's Nepisiguit copper-lead-zinc-silver-gold property in the prolific Bathurst camp of New Brunswick.
Earlier this year, Stratabound and Commander agreed to extend Stratabound's third-year expenditure obligation deadline on the Commander claims to December 31, 2013. In consideration for doing so, Stratabound will, subject to regulatory approval, issue 25,000 shares to Commander.
Field work in late 2013 will consist of geophysical surveys and drilling claims optioned from Commander, 100%-owned CNE Mining Lease and CNE/Captain claim groups. Stratabound will be drilling geophysical features that may reflect volcanogenic massive sulphides with zinc-lead-silver or copper-gold mineralization.
Stratabound can acquire up to 65% interest in this (800 hectare) claim group 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,
Bernard H. Kahlert
Vice President of Corporate Development
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.