Baffin News ... A good start
Commander Resources Ltd.: Over 100 Grains of Visible Gold Intersected on Baffin Island
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 31, 2004) -
Commander Resources Ltd.. (CMD-TSX Venture) is pleased to
announce that visible gold was encountered in the third and
fourth drill holes on the Malrok North zone, Qimmiq Project,
Baffin Island. Holes MND-04-03 and MND 04-04 were collared 80
metres and 110 metres, respectively, down-dip from the 2003
channel samples. These channel samples returned gold assays of
12.98 g/t Au over 3.5 metres and 24.85 g/t Au over 3.6 metres,
respectively. Channels are close to true thickness in the host
iron formation.
Hole 04-03 cut the iron formation between 12.8 and 19.5 metres,
small grains of visible gold were noted at 15.5, 18.6 and 19.0
metres. Hole 04-04 intersected the iron formation between 22.1
and 29.7 metres depth. Over 100 grains of gold were counted in
the interval 24.75 and 26.52 metres as disseminated grains with
an estimated maximum gold grain size of 1.0 mm.
Holes MND 04-03 and 04-04 are drilled northwesterly on lines 40
metres apart. The first two holes, holes MND 04-01 and MND 04-02
were drilled 55 metres and 85 metres in front of holes 04-03 and
04-01, respectively. These two holes also intersected about 6
metres of the gold bearing iron formation with quartz veining and
sulphides. No visible gold was seen in the core. All holes were
terminated in footwall volcanic rocks. A diagrammatic
representation of the drillhole collar locations and an idealized
cross section through holes 1 and 3 may be found on the company's
website at
commanderresources.com.
Current plans are to drill about 20 holes in the Malrock North
gold zone. Core is being logged in detail and sampling is
underway. Verified assay results are expected in mid to late
June.
Other work on the Baffin project is progressing well. Ground
geophysics is assisting in defining the iron formation for
further drill targeting. The 2,500 line kilometer airborne
geophysical survey is now 80% complete; extra flying has been
added to the survey grid to cover additional favourable target
areas.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company
with a diversified portfolio of gold, copper-gold and nickel
projects across Canada with focus on a large, emerging new gold
camp on Baffin Island and advanced nickel projects in Labrador.
The company holds 1.72 million shares of Diamonds North Resources
Ltd.
On Behalf of the Board of Directors,
Bernard H. Kahlert, Vice President Exploration & Director
Shares Issued: 24,451,117
FOR FURTHER INFORMATION PLEASE CONTACT:
Commander Resources Ltd.
Bernard H. Kahlert
Vice President Exploration & Director
(604) 685-5254 or Toll Free: 1-800-667-7866
(604) 685-2814 (FAX)
Email: info@commanderresources.com
Website: www.commanderresources.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Copyright 2002 The Globe and Mail |
