Commander Completes Initial Drill Program at Stump Lake Gold Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/27/12 -- Commander Resources Ltd. (TSX VENTURE: CMD) ("Commander") reports that it has completed a ten-hole 2,000 metre drill program at its Stump Lake Gold Property located near Kamloops in B.C.
The program tested a 2.5 km corridor of geochemical gold anomalies associated with an epithermal brecciated vein system, which has been mapped across the property. Rock chip samples with assays of up to 6 g/t gold were taken from the vein in 2011. Following on from the mapping, a soil geochemical survey was carried out, as well as a ground magnetometer and IP survey over a 9 km square grid. The results from these surveys confirmed the north, north-east trend of the vein. As rock outcrop is limited in the area, it was felt justified to test the vein system at depth with a drill program. Since the vein system dips to the east at 30 degrees, all holes were drilled from the east side toward the west in order to intersect the vein perpendicularly. The drill holes were set at -50 to -60 degrees. The holes ranged in depth from 136 metres to 306 metres.
Drilling was carried out by Matrix Drilling of Kamloops, and was completed over a period of three weeks. The core was split using a core cutter and submitted to SGS Minerals based in Vancouver. The industry standard QA/QC procedures were in place for the assay program. It is expected that the results from SGS will be received in the next few weeks.
Eric Norton, President and CEO, states: "The Stump Lake gold property has been a nice addition to the Company's portfolio due to its ease of access, year round working conditions and low exploration costs in comparison to our northern properties. We have advanced the project very quickly to this present drill program, and if results justify further testing, we will carry on with a second phase of drilling."
A follow up news release is forthcoming once all the results have been received.
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 trades on the TSX Venture Exchange under the symbol "CMD". For additional information, please visit the Company's website at http://www.commanderresources.com.
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