Commander Completes Initial Drill Program at Stump Lake Gold Property
27 März 2012 - 6:39PM
Marketwired Canada
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
Commander Resources (TSXV:CMD)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Commander Resources (TSXV:CMD)
Historical Stock Chart
Von Nov 2023 bis Nov 2024