Commander Resources Ltd.
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South Voisey’s Bay, Nickel, Labrador
Baffin Island Gold
Hermitage Uranium
Storm Property



This geological setting is typical of Abitibi gold camps which form the largest greenstone-hosted gold deposits in the world and which attracted Cameco Gold Inc. to the Despinassy Property.

Alto's recently completed 20-hole drill program demonstrated continuity of four veins comprising the DAC gold deposit along a strike length of 250 metres (m) and to a depth of 600 m. A total of 5,307 metres were drilled on the DAC veins. Results included gold mineralization intersections grading 14.6 grams per tonne (g/t) over 3.7 m, 6.4 g/t over 5.9 m, 22.0 g/t over 1.4 m, 6.7 g/t over 3.1 m, 7.0 g/t over 7.2 m and 8.1 g/t over 3.5 m within a major mineralized shear structure traceable for at least six kilometres (km) through the project claims as previously announced by the company. Alto is currently evaluating the results of this drill program along with previous drill results from Cameco Corp. with a view to determining future work programs. Alto is earning a 70-per-cent interest in the Despinassy gold project.

For detailed drilling information, please go to Alto Ventures website.

January 10, 2008 News Release Commander Sells Despinassy Interest To JV Partner

May 31, 2006 News Release Further High Grade Results

Mar. 29, 2006 News Release New High Grade Gold Zone Discovered   SEE MAP>>>


PROJECT HISTORY

In the early 1970's, SOQUEM drill explored the base metal potential of the property and intersected a number of narrow gold veins. During the 1980's, UMEX discovered several more narrow intersections of gold mineralization in a number of shallow holes. Both drill programs only tested the upper portion of the wide deformation zone. (Main Zone 1)

Cameco Gold Inc. was operator and 70 percent owner of the Despinassy Gold project in Quebec's Abitibi Gold Belt. Prior to optioning the property to Alto Ventures, Cameo completed drilling of more than fifty core holes in various gold zones, with numerous intercepts assaying between 5 and 15 g/T Au.

In early 2004, Cameco entered into an agreement with Alto Ventures to sell their 70% interest. Commander retains its 30% interest in the Joint Venture and through an agreement with Alto Ventures has agreed to waive its right of first refusal to acquire Cameco's 70% interest in consideration of the following:

  1. Commander is issued 100,000 common shares of Alto Ventures at a deemed price of $0.10 per share with a maximum hold period of four months;

  2. Alto Ventures shall complete a minimum exploration expenditure of $500,000 on the Property over a maximum two year period including a minimum of 1500 metres on targets mutually agreed to by Commander and Alto Ventures. Alto Ventures shall carry Commander's Joint Venture obligation through the Term to a maximum of $150,000 (being Commander's 30% obligation for a $500,000 exploration program).

    REGIONAL AND PROPERTY GEOLOGY

    click on the following images to view enlarged
    Gold mineralization is related to felsic porphyry dykes within a broad deformation zone in mafic volcanics. This east-west trending zone traced by drilling hosts gold mineralization over a strike length of more than 4 km. The deformation zone and mineralization are open in both directions and downdip.

    Drilling by Cameco Gold Inc. from 1998 to year-end 2000 totalled 17,679.5 m in 58 holes. Widely spaced step-out drilling has extended the gold-bearing deformation zone to more than 4 km. This drilling was highlighted by hole DES99-17 which encountered a major gold zone 21.3 meters wide (over 70 feet) grading 6.42 g/T gold (0.19 oz/t).

     


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