This is probably what’s kicking the price and volume up!
NEWS RELEASE TRANSMITTED BY CCNMATTHEWS
Commander Resources Ltd.
August 18, 2005 - 11:59:23 ET
Commander Resources Ltd.: High Grade Uranium Results up to 2% U3O8 from
Newfoundland
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 18, 2005) - COMMANDER
RESOURCES LTD. (TSX VENTURE:CMD) reports analyses of 17 grab samples collected
as part of the first exploration program on the Blue Hills and White Bear
River, N.F. properties located just north of the port of Burgeo on the south
coast of Newfoundland. These samples were submitted to the lab after review of
the larger chip sample results reported on CCN Matthews on July 12, 2005. The
grab samples were collected from specific sites in the area of the larger
samples and from outcrop and boulders where historical results were reported.
At the Blue Hills Property:
- Bedrock samples near the previously reported channel samples on the Main
prospect ran 2.06% U3O8 (45.32 pounds per tonne U3O8) and 0.422% U3O8 (9.28
pounds per tonne U3O8)
- A boulder sample located 400 metres to the south of the Main prospect
assayed 1.14% U3O8 or 25.08 pounds per tonne U3O8
- A subcrop sample from the Baggs Hill prospect assayed 0.155% U3O8 or 3.41
pounds per tonne U3O8, and;
- A bedrock sample from the Chan prospect returned 0.16% U3O8 (3.52 pounds per
tonne U3O8).
On the White Bear River Property, three angular boulders from the #3 prospect
returned values from five samples including 0.564% U3O8, 0.512% U3O8 and
0.714% U3O8 (12.4, 11.5 and 15.7 pounds per tonne, respectively). A bedrock
sample from the #2 prospect ran 0.108% U3O8 or 2.38 pounds per tonne U3O8.
The results verify and confirm the historical high uranium values reported by
Shell Canada and the Central Electricity Generating Board (CEGB) as reported
in the Company's news release dated February 22, 2005.
A follow-up program is being finalized for September to include sampling and
mapping and a combination of basal till soil sampling and machine trenching
and sampling using a back-hoe. Results of this next phase of work will be used
to prioritize targets for drill-testing late this year and through the winter.
Uranium mineralization on both properties appears stratabound hosted within a
sedimentary and volcanic basin with several oxidized and reduced sequences
which may provide for good size potential. Glacial overburden is thin but
extensive limiting bedrock exposure to small "windows."
All grab sample results are shown in a table and map on the Company's website.
The property has not been previously drilled, is located close to a paved
highway, close to a sea port and is in a sparsely vegetated area.
The samples were processed by the Geoanalytical Laboratories at the
Saskatchewan Research Council ("SRC"), Saskatoon, Saskatchewan, an independent
laboratory. SRC GeoAnalytical Laboratories is licensed by the Canadian Nuclear
Safety Commission. In addition, SRC GeoAnalytical Laboratories is accredited
to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing
laboratory for specific tests and holds a Certification of Laboratory
Proficiency by the Standards Council of Canada.
Samples were crushed to 60% - 2 mm. Approximately 200g of crush is riffled out
then ground in a chrome steel grinding mill to 90% - 106 microns. Replicates
are chosen at random and another 200g of crush is riffled and ground. The pulp
is digested in aqua regia leach and diluted. The solutions are then analyzed
by ICP for % U308.
Bernard Kahlert (P.Eng), V.P. Exploration is the Qualified Person under N.I.
43-101 supervising all aspects of the program.
ON BEHALF OF THE BOARD:
Kenneth E. Leigh, President & CEO
Shares Issued: 36,226,423
***
NEWS RELEASE TRANSMITTED BY CCNMATTHEWS
Commander Resources Ltd.
August 15, 2005 - 14:27:18 ET
Commander Resources Ltd.: Baffin Project Update
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 16, 2005) - Commander
Resources Ltd. (TSX VENTURE:CMD) provides an update on its continuing Baffin
Island Gold Project. To date, approximately 1500 metres of diamond drilling in
20 shallow holes has been completed on the Ridge Lake Prospect with detailed
geological mapping, channel sampling and ground geophysics completed on the
Durette and 2369 prospect areas. The initial drill pattern was designed to
test several target areas chosen based on surface mineralization, geology and
geophysics. Assay results from surface channel samples collected from the
Durette and 2369 prospect areas and the first 10-12 drill holes at Ridge Lake
should be available within a couple of weeks.
At Ridge Lake, the iron formation in several of the holes shows strong
indications of shearing and alteration indicative of an intense mineralizing
system. Newly discovered this year was the occurrence of two iron formation
units in the Ridge Lake West area where drill holes were deeper. This compares
to only one seen so far in the drilling at Ridge Lake East where holes were
drilled to a shallower depth, suggesting the possibility that deeper drilling
may be required at Ridge Lake East to hit the lower iron formation unit.
The detailed ground magnetic survey completed on Ridge Lake in the spring
revealed some structural trends and complexes that are in excess of one
kilometre long each and appear to be controlling the more intensely altered
portions of the iron formation. Using this structural information in
conjunction with known surface mineralization we have now identified new key
target areas that will be further ranked based on the assay results from the
first pass of drilling.
At Durette, detailed geological mapping has determined that the gold values
recovered from the prospect area last year are hosted in a different
stratigraphic sequence to that found at Malrok and Ridge Lake. At Durette, a
thick silicified iron formation and recrystallized quartzite package is
carrying the gold values. The package is thick and individual sections are in
excess of 500 metres in strike length and occur over a 2 kilometre area before
diving under cover. Arsenopyrite is locally abundant. Results from this year's
sampling should be available in the next couple of weeks and will be used to
outline drill targets.
The find at Durette is significant in that it demonstrates the potential for
significant gold mineralization to occur outside of the stratigraphic iron
formation units. The quartzite sequence is thick and could provide for a much
more robust target. In addition, this discovery opens up the potential for the
same succession on other parts of the property, including in the mineralized
systems at Ridge Lake and Malrok.
More information on these target areas including previously reported results
can be found on the Company's website at www.commanderresources.com.
Allan Armitage, PhD, P.Geo is managing the Baffin project this year. 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.
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
Shares Issued: 36,226,423</l>
Looks like some more good news to come ove rthe next few months
Regards
Vaughn |
