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CMD Commander Resources Ltd

0.075
0.00 (0.00%)
31 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Commander Resources Ltd TSXV:CMD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.075 0.07 0.075 0.075 0.075 0.075 7,000 18:50:58

Commander Defines Drill Targets on its Glenmorangie Gold Property, Yukon

17/10/2012 7:04pm

Marketwired Canada


Commander Resources Ltd. (TSX VENTURE:CMD) ("Commander") reports that results
from this year's geochemical and geological surveys and prospecting succeeded in
defining several drill targets on the Glenmorangie property. Anomalous targets
were delineated within the metamorphic aureole of strained Cretaceous intrusives
and sheeted quartz veins known to be associated with gold mineralization in the
district.


The property lies at the southern end of the Tintina Gold Province in SE Yukon
and within an emerging new gold play area. The 2012 mapping and prospecting
program focused on the Camp Zone and Hidden Valley Zone discovered during last
year's exploration program. 401 soil samples were collected as in-fill samples
across the two anomalous zones. In 2011, Heavy Mineral Concentrate (HMC)
sampling downstream of the Hidden Valley resulted in one sample returning 7
grains of gold, equivalent to 20 g/t Au. Results of the 2012 HMC sampling
upstream from this location, as well as sampling of adjacent water sheds are
still pending.


The following points highlight the results from the last two years:



--  A target, area called the Camp Zone, has been defined by anomalous gold
    in soil values of up to 1050 ppb (1.05 g/t in 2012 sampling), and grab
    rock samples assaying up to 4.5 g/t Au (in last year's sampling). This
    zone now measures 2 km by 1.5 km. 
--  A second anomalous zone to the south, called the Hidden Valley Zone, has
    returned values of up to 131 ppb Au in soils (last year's sampling).
    This year's infill sampling confirmed the zone. 
--  There are highly elevated levels of bismuth and arsenic with gold,
    suggesting a strong possibility of the veins being associated with a
    buried intrusive system. 
--  Mapping of the area has discovered localized higher grades of
    metamorphism and strong deformation, mineralized quartz veins, as well
    as the presence of intrusive bodies, which again suggests the
    possibility of gold mineralization associated with buried intrusions.



Eric Norton, President and CEO, states, "The exploration of Glenmorangie, now in
its second year, continues to show evidence that this property has substantial
gold potential, not too dissimilar from recognized gold deposits in the Tintina
Gold Province, such as Dublin Gulch and Brewery Creek. Our sampling program has
confirmed two anomalous zones suitable for an exploratory drill program in 2013,
which may indicate that Glenmorangie does host intrusion related gold systems."


Summary of the Property:

The Glenmorangie Gold Property was acquired by Commander in May 2011. The
property is underlain by pre-Cambrian to Cambrian aged phyllite and shale of the
Vampire formation with a previously identified Cretaceous aged intrusion located
at the southern end of the property. The intrusive events are associated with
re-activation of major fault systems, which also created pathways for gold
mineralization. Commander's exploration has discovered more intrusions as well
as a calcareous clastic metasediment unit not associated with the Vampire
formation. This unit could be part of the Hyland Group and which would suggest
the major fault system has created significant structural disturbance on the
property. These calcareous sediments are also potential host rock for gold
mineralization. 


QA/QC Statement: 

Assaying of the geochemical samples was carried out by ALS Minerals using
several methods; the ICP61 aqua regia package for soils and the ICP-MS41 aqua
regia package for rocks, which analyses a 0.5g sample; lead fire assay for
rocks, and the ST Au-43 method for soils, which analyses a 25g sample. By
testing the variances of each method it has been found that the heavier sample
method for soils is better suited for detecting gold. 


Steve Potts, P. Geo, VP of Exploration is a Qualified Person as defined by
National Instrument 43-101 and has reviewed and approved the technical
disclosure contained in this release.


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,

Eric Norton, President & CEO

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