Hello Eric
Long time no chat...
CMD has a NR out this morning re: their interesting Baffin Island AU iron formation deposit. If interested, read on:
NEWS RELEASE
Date: July 19, 2005
TSX Venture Exchange: CMD
Shares Issued: 36,166,423
News Release #05-21
Commander Resources Ltd. (CMD-TSX Venture) reports that the 2005 diamond drilling program on the Baffin Island gold project has commenced. The initial phase of drilling will be on the Ridge Lake prospect area where 2000 metres is planned in 20 – 25 shallow holes. The average hole-depth will be about 75 to 100 metres. Gold mineralization at Ridge Lake occurs in several prospects over a strike length of 3.5 kilometres. Numerous high-grade channel sample results from 2004 included up to 107.1 grams per tonne gold and preliminary drilling in 2004 on the western portion of the prospect returned encouraging results including 2.15 metres grading 17.48 grams per tonne gold and 1.50 metres grading 15.06 grams per tonne gold.
Drilling will start on Ridge Lake East, focused on a thickened and structurally complex block that exposes areas of iron formation containing some of the highest gold values recovered in 2004. The drill holes will be located using surface geology, surface gold mineralization and the results of a recently completed detailed ground magnetic survey. The structural complexity observed can result in thickening of mineralized zones and increased gold grades due to remobilization, an important characteristic of iron formation deposits such as Lupin, N.W.T and Homestake, South Dakota.
The geological field program which commenced in early May with a ground geophysical program is well underway. Our full geological crew has been on site for about a month and has made excellent progress in finalizing drill targets at Ridge Lake. Detailed mapping and sampling at the Qim 5 and Durette prospect areas is also underway, each which could develop quickly to the drill stage. Prospecting on these areas in 2004 returned values up to 103 grams per tonne gold from surface rock chip samples.
Infill channel samples at Ridge Lake and preliminary channel samples from the Durette Prospect have been sent to the laboratory for analysis. Results are awaited.
For a reference map of the prospect areas and the geological maps for Ridge Lake, Qim 5 and Durette, please refer to the Company’s website.
Allan Armitage, PhD, P.Geo joined Commander this year to manage the Baffin Project. Allan has extensive experience with iron formation gold deposits and Arctic geology. He was formerly Chief Geologist at Comaplex Minerals where he was primarily involved in the Meliadine gold project near Rankin Inlet, Nunavut for the past eight years.
Bernard Kahlert, P.Eng is the Company’s Qualified Person under N.I. 43-101 for the 2005 project. Dr. Allan Armitage, P.Geo will be managing all aspects of the 2005 field 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
Their Newfoundland Uranium property also seems to be kicking out some attractive numbers.
Hope all is well.
Vaughn |
