Commander Identifies Anomalous Gold Zones on Yukon Gold Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/10/12 -- Commander Resources Ltd. (TSX VENTURE: CMD) announces that the field campaign carried out at the Glenmorangie gold property, located in south east Yukon, has identified two anomalous gold zones with values of up to 4.5 g/t gold in grab rock samples and anomalous soil values of up to 106 ppb gold. The first three km long by two km wide zone lies in the northern part of the claims where a significant number of quartz veins have been mapped and which trend in a north westerly direction.
The second zone is to the south, and was identified through mapping and sampling. Again, a north west trending fault system was discovered and along with this, gold was found in soils, with values up to 131 ppb gold. Heavy metal concentrate sampling of silts draining from this area returned 8 grains of gold, the highest number found to date from this method of sampling.
Eric Norton, President of Commander Resources states; 'The results from this program are very encouraging. This area continues to attract a lot of attention with the on-going success of Northern Tiger's 3Ace drill program and we feel that the Glenmorangie property has good fundamental geology to justify continued exploration in the area.'
Results of the Program:
A total of 1,350 soil samples, 205 rock samples, 20 silt samples and six bulk silt samples were obtained from the Company's 5,600 ha property over a two month period last year. The samples were processed by ALS Minerals in their Whitehorse and Vancouver labs, using ICP-MS methods. A total of $320,000 has been spent to date. A map of sample locations can be found on the Company's website at www.commanderresources.com.
Geological mapping of the area has identified a significant amount of structural complexity, and identified a number of small intrusive bodies that had not been previously recorded. Further work will shed light on the coincidence of gold values along these structural corridors. A program for 2012 will be planned in the following months.
About the Glenmorangie Property:
The Glenmorangie property is located in the Selwyn Basin of the Yukon 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 Hyland group. Intruding the metasediments are younger Cretaceous aged stocks and plutons. The Little Hyland 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. 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 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 Hyland River. There has been very little exploration for gold in this area, with the focus historically being on tungsten. The North American Tungsten mine is located only 7 km from the Glenmorangie property.
Steve Potts, P. Geo, 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.
COMMANDER RESOURCES LTD. is a diversified exploration company that employs project generation and leverage strategies to develop Canadian resources for option, sale or joint venture. By employing this strategic approach Commander plans to systematically enhance shareholder value while managing the risk associated in exploration and development.
On behalf of the Board of Directors,
Eric Norton, President & CEO
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
Envoy Strategic Partners
Jay J. Bedard
President
416 977-7778
jay@envoystrategicpartners.com