cmd-Commander Resources Ltd.: Alto Commences Infill Drilling on Despinassy Gold Project
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 26, 2006) - Joint
venture partners Alto Ventures Ltd. (TSX VENTURE:ATV) and Commander
Resources Ltd. (TSX VENTURE:CMD) are pleased to announce the
commencement of a 5,000 metre (m) drill program on the Despinassy gold
project in Quebec.
The program will include infill drilling on the DAC deposit as well as
drilling to be conducted approximately 1 km east of the DAC at Area 2,
where previous drilling by Cameco Corporation ("Cameco") intersected up
to 34 grams per tonne (g/t) gold in a similar geological setting to DAC.
The objective of the DAC drill program is to bring closer to definition,
an inferred resource at shallow depths through infill drilling of gold
zones initially discovered by Cameco. From 1997 through 2001, Cameco
completed over 20,000 m of diamond drilling in 63 holes and intersected
several zones of mineralization with assays up to 26.1 g/t gold over 3.1
m and thicker intervals with grades greater than 5 g/t gold over 9.7 m.
In 2005, Alto completed a 5,307 m drill program (20 holes) which
demonstrated continuity of gold mineralization at DAC.
The Despinassy project is located within the Abitibi greenstone belt,
approximately 75 kilometres (km) north of Val D'Or, Quebec. Gold
mineralization is widespread over the 6 km strike length of the
Despinassy Shear Zone suggesting excellent potential for additional gold
deposits. A study completed by Hubacheck Consulting Geologists (HCG) of
Mississauga, ON, on the DAC deposit concluded that a potential gold
deposit ranging from 303,000 tonnes to 670,000 tonnes with grades
ranging from 6.8 g/t to 7.8 g/t of gold has been outlined along a 300 m
strike length and to a depth of 360 m. The DAC deposit remains open
along strike and at depth. See the Company's news release dated November
28, 2005 for further details and additional disclosures.
The property is owned under a Joint Venture Agreement between Cameco
(70%) and Commander (30%). Alto is acquiring Cameco's 70% interest in
the joint venture and is the project operator. Mike Koziol, P.Geo.,
P.Eng., is Alto's Vice President of Exploration and Qualified Person.
Robert J. Tremblay, P.Geo. (Quebec), is the Qualified Person supervising
Alto's drill program.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company with a
diversified portfolio of gold, copper-gold, nickel and uranium projects
across Canada with focus on a large, emerging new gold district on
Baffin Island. Commander's mission is to generate or acquire quality
opportunities at a low cost and add significant shareholder value
through discovery of mineral deposits, leveraged partnerships, and/or
sale of assets. The Company has exposure to the diamond sector through
an equity position in Diamonds North Resources Ltd.
On Behalf of the Board of Directors,
Kenneth E. Leigh, President & CEO
Shares Issued: 39,599,648
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FOR FURTHER INFORMATION PLEASE CONTACT:
Commander Resources Ltd.
Cathy DiVito
Corporate Communications
(604) 685-5254 or Toll Free: 1-800-667-7866
(604) 685-2814 (FAX)
info@commanderresources.com
www.commanderresources.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. |
