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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (35520)	7/20/2005 6:51:15 PM
From: VAUGHN	Read Replies (1) \| Respond to of 39344

Hello Eric I believe it is too early to suggest tonnage Eric however the iron formation is 140 km long with Au intersections from .5m to 9m thick and surface sample grades ranging from 7.5g/t up to 212g/t. Preliminary grades from the 2004 drill program seem to suggest average grades in the 10 to 12g/t range over 3m. As for Lupin being IOICG type ore, sorry but you're too technical for me on that one but if Lupin had 7mil tonnes and this deposit stretches over 140km it wouldn't take that much of an average grade or width to reach 7mil and the grades and widths appear to be averaging in some very attractive numbers. Here is an excerpt from the CMD Web Site: Project History: The current land position was first acquired by both BHP Billiton and Falconbridge in 2000 for lead-zinc-silver and nickel-copper exploration respectively. In mid 2003, Commander signed agreements with BHP Billiton and Falconbridge to explore for gold and other commodities on three contiguous parcels of land (Qimmiq, Dewar and Bravo Lake) covering 1,000,000 acres in west-central Baffin Island. The agreements provide Commander the right to earn 100% in the entire Property package. There are no back-in rights to gold deposits for either BHP Billiton or Falconbridge. Historically the area had not been subject to any significant systematic exploration. Previous Work was directed towards base metal mineralization, mainly zinc, lead and nickel but not for gold. Setting & Infrastructure: The project area is typified by flat rolling hills of exposed rock and tundra and presents few obstacles for exploration. The area is dotted with lakes providing access to water most of the year since the lakes do not freeze to the bottom. The property is anchored to the ocean and has two “Distant Early Warning” (DEW line) radar stations that each include an operational 5000’ airstrip to which we have access. Bravo Lake Fm. Contains Gold: Gold on the Property is hosted by a silicate facies iron formation in the Lower Proterozoic Bravo Lake Formation, similar in age and tectonic history to the past-producing Homestake Gold mine in South Dakota. The Bravo Lake Formation is comprised chiefly of mafic and ultramafic metavolcanic units with interbedded metasedimentary units. The iron formation hosting the gold mineralization consists of coarse garnet, amphibole and sulphide mineralization with local strong chlorite alteration, silicification and quartz flooding. Sulphides include variable amounts of pyrrhotite and arsenopyrite with minor pyrite and chalcopyrite. Small quartz veins appear to fill tension gashes at the base of the iron formation in some locations. The iron formation varies from approximately 0.5 to 9 metres thick as seen on surface and in drill core. 2004 Exploration: Work in 2004 included collection of more than 1800 channel and grab samples, completion of 4,500 metres of diamond drilling on two target areas leading to an expansion of the area of iron formation, identification of several new high grade gold prospects and confirmation of the down-dip extent and potential for high-grade gold mineralization at Malrok and Ridge Lake. A 3,100 line km airborne Electromagnetic and magnetic survey was flown over three areas underlain by Bravo Lake Formation effectively mapping out the distribution of the iron formation and guiding prospecting crews. MALROK The first ever drill-testing of the 140 km long Bravo Iron Formation was undertaken at Malrok in 2004. Results confirm the continuity of gold-bearing iron formation with potential for high-grade zones. The Malrok zone is comprised of siliceous, garnet-amphibole-sulphide-bearing iron formation traced through surface sampling and drilling over a strike length of approximately 2 km. The horizon varies in thickness from approximately 0.5-9.0 metres, surface samples have returned high-grade gold assays of up to 212 g/t gold. Drilling results down to 50 metes depth included 15.12 g/t gold over 3.0 metres and 12.1 g/t Au over 3.3 metres. A second gold-bearing iron formation indicates potential for stacked mineralized iron formations. A shallow gold zone with local high grade sections has been outlined extending down-dip from surface for at least 130 metres and remains open along strike and downdip. Thirty-nine diamond drill holes totaling 3617 metres were completed in 2004. RIDGE LAKE The iron formation is similar to that at Ridge Lake and has been traced on surface and with geophysics over a strike length of approximately 3 km. At Ridge Lake West surface grab and channel samples returned assays up to 40.27 g/t gold over 1.00 metres. Preliminary diamond drilling confirmed the surface results with assays up to 17.48g/t over 2.15 m including 31.34 g/t gold over 1.15 metres at a depth of less than 30 metres from surface. 12 diamond drill holes totaling 800 metres were completed over a strike length of approximately 1.3km. At Ridge Lake East numerous high-grade gold grab and channel samples were received from the sampling programs with results of up to 107.1 g/t gold over 0.6 metres. The anomalous results are clustered in several areas three of which are slated for drilling in 2005. The largest exposure of iron formation occurs over an area of approximately 100 x 25 metres where it is complexly folded and thickened. Ridge Lake is a priority target for detailed ground geophysics and drill testing in 2005. DURETTE SHOWING AREA Two discoveries were made on exploration permit 2369, the 2369 Prospect and the Durette Showing. Ninety four rock samples have been assayed including twenty from the Durette Showing. At the Durette Showing 8 grab samples assayed > 5g/t gold including values of 41.1g/t and 46.95 g/t gold. The target iron formation has been traced for approximately 1 kilometre. At the 2369 prospect results of up to 7.5 g/t gold were received from the iron formation near the axis of a large syncline and up to 9.5 g/t gold from samples along the southern limb of the syncline. The iron formation has been traced intermittently for several kilometres within the permit. Significant arsenopyrite and intense silicification are associated with gold values. Presence of a large synclinal fold, secondary folds and varied bedding attitudes are evidence for structural complexity and potential thickening of the iron formation. Detailed mapping, channel sampling and ground geophysics planned to follow-up 2004 results. PENINSULA TO QIM 5 Eastward strike extensions of the mineralization at Ridge Lake occur on several small islands and a 6 km long peninsula jutting into Ridges Lake. Exposures of iron formation are poor as most occur at the lake edge so it is not possible to get complete sample coverage. Grab samples assayed up to 8.46 g/t gold. Multiple (up to 4) stacked horizons of iron formation were mapped and require additional sampling and detailed mapping. Qim 4 and 5: The iron formation extends eastward from Peninsula Prospect for a strike length of approximately 30 km. Only preliminary prospecting was completed in this area of poorly exposed iron formation. High-grade gold results were received from several locations, the best results were from a 0.8 metre channel sample which assayed 42.91 g/t gold and a 0.40 metre channel sample assaying 103.1 g/t gold. An additional 20 samples from this area assayed >1g/t gold up to 9.04 g/t gold. Detailed geological mapping, ground geophysics and channel sampling are planned for 2005. FOX 2 Nickel-Cobalt In addition to the gold mineralization, a grab sample of sulphide bearing amphibolite/basalt assayed up to 1.27% nickel, 0.89% copper, 0.40% cobalt and 8.56 g/t silver. This showing was discovered at the end of the field season and is not that unexpected given that Falconbridge was exploring the property for nickel deposits. Detailed mapping, channel sampling and ground geophysics planned to follow-up 2004 results. *** Some iron formation Au mines: · Lupin - 7 mil tonnes grading at 10.63g/t · Musselwhite – 11 mil tonnes at 5.5g/t . Homestake - 40 million tonnes at 15g/t Seems fairly interesting to me but you're the expert. Re: Arctic Loons, we do have a rare red headed loon up here but as to whether it is called the Arctic Loon I couldn't say. Typically however you see Canadian Loons at least in front of my house on GSL. The larger lakes on the Baffin property apparently don't freeze to the bottom so there's available fresh water year round and presumably Lake Trout if that's what you want to catch. As for temperatures, I've been up that way in the summer and it's not too bad averaging in the 12 to 8C range and to the best of my knowledge there wouldn't be any Polar Bears and probably no Muskox there. Its pretty desolate exposed rock with some tundra as near as I can tell and doesn't appear to be the kind of terrain PB's or MO would be found on. Caribou possibly but its not unique or even good habitat and there are no nearby villages to express significant concern over effects on their hunting. Regards Vaughn