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Commander receives further assays from Malrok prospect
Commander Resources Ltd (2) CMD
Shares issued 17,748,831 Sep 8 close $0.44
Tue 9 Sept 2003 News Release
Mr. William Coulter reports
COMMANDER RESOURCES LTD.: HIGH GRADE GOLD ZONE, BAFFIN ISLAND Commander Resources has received assays from a further 200 samples from the Malrok gold prospect. A 150-metre-wide lake channel bisects the Malrok gold zone splitting it into the Malrok North and Malrok South zones. Of the 200 samples reported, 57 show values in excess of one gram per tonne
(g/t) gold (Au) including 20 which exceed five g/t Au and six which range from 11 to 55 g/t Au. The location of 15 samples with values ranging from 2.5 to 9.8 g/t Au have not yet been received from the field. Due to the numerous samples and remote location, accurate positions of most samples is not known; however, definitive statements can be made as follows. On the Malrok North zone, scattered chip and channel samples extending for 700 metres from the previously reported high-grade discovery range from 5.6 g/t Au to 36.2 g/t Au. The visible gold and the very high assays reported on Aug. 27, 2003, all came from the Malrok North zone. On the Malrok South zone, six sample results run from 6.8 to 55 g/t Au, confirming the original 2001 BHP Billiton discovery value of 45 g/t Au. The samples were taken from both the Malrok iron formations and from areas outside the iron formation considered of merit by the prospectors. Gold results reported above represent fire assays of one-half assay-ton pulverized samples. Assaying is being carried out by Eastern Analytical Laboratory of Springdale, Nfld. Due to the presence of coarse visible gold, these results are preliminary values which will be check assayed. All sample results exceeding three g/t Au are being reassayed by the metallic method and all samples ranging from one to three g/t Au will be check assayed using one assay-ton samples. In addition to the above, preliminary geophysical results show that the iron formations hosting the gold mineralization can be detected with both the magnetic and electromagnetic methods. To date this work shows that the combined north and south Malrok zones are well over one kilometre long in strike length. A geophysical report is awaited. Bernard H. Kahlert, PEng, vice-president, exploration, for Commander Resources, is supervising all aspects of the exploration program.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com
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