Commander Awaits Assay Results From Baffin Gold Project
Mon Nov 3, 1:26 PM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2008) - Commander Resources Ltd. (TSX VENTURE: CMD.V) is awaiting assay results from the limited field program completed on the Baffin Island gold project, Nunavut. The program was successful in expanding and enhancing the potential and opportunity of the Hebert gold zone, initially discovered in 2007 during completion of a till sampling program.
The 2008 program discovered significant mineralized quartz-arsenopyrite veins in outcrop extending over a 1500 metre trend hosted by interbedded greywacke and micro-conglomerate sedimentary units. Quartz veins are generally metre-spaced, 0.1 to 0.8 metre wide, 5 to 100 metres in length, containing 5-75% arsenopyrite and in several locations, coarse free gold. Locally arsenopyrite also occurs as semi-massive "gossans" within the quartz veins and as stratigraphic units within the hosting sediments between quartz veins.
A total of 105 channel samples were cut from 29 different outcrops of quartz-arsenopyrite veins. In addition to the channel samples, 175 grab and chip samples were collected from outcrop and felsenmeer (frost-heaved blocks from outcrop that is close to being in place).
Assay results for all of the channel and grab samples are expected soon. The presence of coarse gold requires special processing which takes more time to complete.
Alteration was observed in the host rock to the veins consisting of albite, up to 10% coarse grained arsenopyrite and trace to minor amounts of disseminated galena and pyrite. The presence of well-developed quartz-arsenopyrite-galena vein systems carrying gold hosted in greywacke, quartzite and micro-conglomerates suggests that there is good potential for a new gold target type to be developed on the large property.
A detailed map of the channel samples and various associated photos will be posted to the website once all the results have been received.
The location of Hebert Zone and the other gold prospects on the Baffin property can be found on the Company's website and in the Company's news releases pertaining to the Baffin gold project. The property is readily accessible to tidewater, contains abundant fresh water and is located near two "Distant Early Warning" (DEW line) radar stations, each with an operational 4,000 foot airstrip.
GeoVector Management Inc. of Ottawa managed the field program this year. Alan Sexton, MSc, P.Geol. is the Project Manager and the Qualified Person under NI 43-101 supervised the technical aspects of the 2008 field program.
On behalf of the Board of Directors,
Kenneth E. Leigh, President & CEO
Shares Issued: 79,532,516
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts
Cathy DiVito
Commander Resources Ltd.
Investor Relations
(604) 484-7111 or Toll Free: 1-800-667-7866
Email: info@commanderresources.com
Website: www.commanderresources.com |
