Commander Resources Reports Partner Kivalliq Energy's Exploration Results from the Baffin Gold Property Nunavut
Vancouver, October 25, 2017 - Commander Resources Ltd. (TSXV: CMD) ("Commander") is pleased to report that Kivalliq Energy Corp. (TSXV: KIV) ("Kivalliq") has provided exploration results from its 2017 work program on its Baffin Island Gold Property in Nunavut Territory, Canada. Commander holds a 0.25% NSR on Kivalliq 100% owned lands and a 0.25% to 0.5% NSR plus other consideration due on the portion of the ground directly optioned from Commander (the Commander Option) that includes the Malrock and Kanosak targets (see news release dated May 8, 2017). The Baffin Gold Property is one of the largest undeveloped greenstone-iron formation gold belts in Nunavut, totalling 408,981.6 ha and covering 160 km of the Foxe Fold Belt on central Baffin Island.
Kivalliq 2017 exploration Highlights:
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Results from 424 rock samples confirmed high-grade gold in banded iron formation (BIF) and (intrusion?)-metasediment hosted quartz veins. Highlight grab and channel sample assays include:
- 268 g/t Au, (Malrok BIF grab sample)
- 211 g/t Au over 0.5 m and 102.5 g/t Au over 0.5 m (Kanosak quartz vein channel sample)
- 114.5 g/t and 96.2 g/t Au, (Brent quartz vein grab sample)
- 86.14 g/t Au over 0.96 m, includes 193 g/t Au over 0.32 m, (W Kanosak/Qim 4 BIF channel sample)
- 20% of rock samples taken in 2017 (85) were > 0.5 g/t Au
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Results from 492 till geochemical samples identified a new 10 km long corridor of anomalous gold at south Kanosak, and further outlined seven anomalous areas warranting follow-up at Kanosak, Brent and Central Belt west.
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Rock and new till geochemical results have extended the strike length of known gold occurrences at Brent, confirmed gold in BIF over 5 km and 6 km at west and north Kanosak, and expanded anomalies around historic gold in till results.
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65 km2 of high resolution airborne drone imagery flown in key target areas will be used to develop digital surface models and aid structural interpretation.
Maps and images of the work performed in 2017 at the Baffin Gold Property can be viewed at: http://www.kivalliqenergy.com/projects/baffin_gold/maps/
QA/QC (as provided by Kivalliq)
All till samples were sent to ALS Geochemistry (ALS) in Sudbury, Ontario for preparation and then to ALS in Vancouver, BC for final analysis. ALS Geochemistry meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015. All ALS hub laboratories are accredited to ISO/IEC 17025:2005 for specific analytical procedures. Till samples were analysed for gold using cyanide extraction (Au-CN44) with a 33-element four acid digest ICP-AES analysis (ME-ICP61).
All rock samples were sent to ALS in Sudbury, Ontario for preparation and then to ALS in Vancouver, BC for final analysis. Rock samples were analyzed using ALS's Fire Assay Fusion method (Au-AA23) with an AAS finish for gold, followed by a 33-element four acid digest ICP-AES analysis (ME-ICP61). QA/QC included Kivalliq field standards and duplicates; plus internal standard samples, lab duplicates, re-assays, and blanks inserted by the ALS. All QA/QC results for till and rock samples were within expectations.
Jeff Ward, P.Geo, President of Kivalliq and a Qualified Person under National Instrument 43-101 has reviewed and approved the technical information contained in this release on behalf of Kivalliq.
Robert Cameron, P. Geo. is a qualified person within the context of National Instrument 43-101, and has read and takes responsibility for the technical aspects of this release.
About Commander Resources:
Commander Resources is a Canadian focused exploration company that has leveraged its success in exploration through partnerships and sale of properties, while retaining equity and royalty interests. Commander has a portfolio of base and precious metal projects across Canada and significant equity positions in Maritime Resources Corp. and Aston Bay Holdings. Commander also retains royalties from properties that have been partnered, optioned or sold.
On behalf of the Board of Directors
Robert Cameron, P. Geo.
President and CEO
For further information, please call:
Robert Cameron, President and CEO
Toll Free: 1-800-667-7866
info@commanderresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.