Commander Resources Commences Work on Yukon Gold Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/22/11 -- Commander Resources Ltd. (TSX VENTURE: CMD) announces the commencement of the 2011 field program at the Glenmorangie gold property, located in south east Yukon. Camp has been established and crews have started the planned work program. An eight man crew has been mobilized to the property to collect a minimum of 2,000 soil samples across the 5,800 ha property. Commander's claims lie to the north of, and along strike from, the highly prospective 3Ace property, owned by Northern Tiger, where a $6 million drill program has begun.
The company is budgeting for a first year program of prospecting, mapping, extensive soil sampling, and follow-up trenching and rock chip sampling. The initial focus of the geological and prospecting programs will be to locate fault structures and quartz vein systems, which have the potential to host gold mineralization. Indicator minerals such as arsenopyrite will be used in the soil sampling program to define sub surface areas for follow up trenching. The planned work will continue into September. Samples will be submitted to ALS Chemex Labs, based out of Whitehorse.
About the Glenmorangie Property:
The Glenmorangie property is located in the Selwyn Basin and lies at the southern end of the Tombstone Gold Belt. The formations consist of phyllites, slates and argillite of the Vampire formation, and conglomerates of the Highland Group. Intruding the meta sediments are younger Cretaceous aged stocks and plutons. The Little Highland River Valley is dominated by a major structural feature called the March Fault and bounded to the north by the Dawson Fault, and to the south-west, by the Tintina Fault. The Tintina Fault and associated splays have become synonymous with gold finds and the significance of this major tectonic event is still being studied. Mineralized quartz veins have been found on the Glenmorangie property and could either be associated with faulting events or with an underlying Cretaceous aged intrusion, or both. The area has been glaciated and therefore the valleys are filled with glacial debris. Good rock exposure is found at higher altitude.
The area has seen considerable interest over the last few months, with land acquisitions by several companies. A regional stream geochemistry program carried out by the Yukon Geological Survey, highlighted gold anomalies from several tributaries running into the Little Highland River. Prospecting of the claims, carried out under a Government sponsored program (YMIP) has added geochemical information to the database, and highlighted anomalous gold assays in rock chip samples, soils and silt samples. The results of the rock chip program are highlighted in Table 1.
Rock Chip Sampling
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Sample ID Au - ppb Sample ID Au - ppb
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RS10A 139 RS14 365
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RS15 107 RS 18 205
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RS 35 924 RS 36 1,485
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RS 43 748 RS 44 442
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RS61 A 430 RS61 B 265
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RS 61C 266 RS 63 877
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There has been minimal exploration for gold in this area, with the focus historically being on tungsten and the North American Tungsten mine located only 7 km from the Glenmorangie property. The area favours a structurally hosted gold system, due to the major structures which have been found and the meta sediment formations whose porosity lends favourably to absorption of gold enriched fluids. There is also the possibility of bonanza style vein systems within the major structures, or sub paralleling these structures. The third possibility for mineralization is the underlying Cretaceous age intrusions, which could have forced magmatic fluids into the host rocks overlying the intrusions.
Steve Potts, VP of Exploration, is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
On behalf of the Board of Directors,
Bernard H. Kahlert, VP of Corporate Development
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Commander Resources Ltd.
Cathy DiVito
Investor Relations
Toll Free: 1-800-667-7866
info@commanderresources.com
www.commanderresources.com