| ||August 31, 2006|
9.61 g/t Gold over 1.56 M Intersected at Durette and A New Gold Zone Discovered Containing up to 113.95 g/t Gold
| ||COMMANDER RESOURCES LTD. (CMD-TSX Venture) reports that the potential of the Baffin Island gold project has been expanded with the preliminary drill test of the Durette showing area, the discovery of a new 1400 metre long mineralized zone southwest of Ridge Lake, and expansion of the Qim 5 prospect with a new gold find. |
At the Ridge Lake prospect, a 20-25 hole drill program is currently on-going to follow-up high-grade results from 2005 drilling. Assay results for Ridge Lake will be reported once received and interpreted.
- At Durette, hole 06-03, the most westerly of the six-hole program, intersected 9.61 g/t over 1.56 metres at a depth of 14.30 metres within a 19 metre thick highly silicified iron formation which appears to be thickening to the northwest. This trend is open and continues to the west under cover for 300 metres and into the area where a surface sample collected in 2005 assayed 17 g/t gold.
- A new mineralized zone, named the BRENT SHOWING, after the discoverer, prospector Brent McAllister, was found five kilometres southwest of Ridge Lake. It consists of a 1400 metre long shear zone with well developed quartz veining that contains arsenopyrite (5-50%) and pyrrhotite (3-5%). A total of the 66 grab samples were collected along the length of the shear zone, with results ranging up to 113.95 g/t gold. A total of 21 samples (32%) assayed greater than 5 g/t gold and 9 samples (14%) assayed greater than 10 g/t gold. The shear zone where exposed is up to 50 metres wide and represents a new and potentially significant target type on the property.
- At Ridge Lake, a second, similar shear zone occurs 1.8 kilometres west of 2005 drill hole RLD-05-35. The zone contains 3-5%, disseminated, medium to coarse grained arsenopyrite over a strike length of 250 metres. Six grab samples from this zone contained 1.34 to 9.23 g/t gold.
- At Qim 5, located 20 kilometres east of Ridge Lake, a grab sample containing 48.29 g/t gold was discovered within silicified and altered iron formation containing well-developed quartz veins and 3-5% arsenopyrite. This new showing is located 150 metres southeast of a 2004, 100 g/t gold channel sample. Silicified iron formation with arsenopyrite (1-3%) was outlined in discontinuous outcrop for 800 metres southeast of the 100 g/t gold sample. Assays of 6.58g/t gold and 7.06g/t gold in grab samples occur at the south-eastern most point of the trend. Overburden cover extends beyond this point.
A drill hole location map for Durette and general location maps and a photo of the Brent Showing can be found on the Company's website. A new map for the Qim5 prospect area will be posted when available.
On surface, the silicified iron formation at Durette has been extended to 2 kilometres west of the main Durette showing. The ground over this western extension is largely overburden covered, however, silicified iron formation was outlined over an area of 800 metres (east-west) by 200 metres (north-south). Several anomalous assays (0.41 to 0.96 g/t Au) from boulders and frost-shattered outcrop (felsenmeer) were outlined.
Follow-up prospecting of a sample containing 3.98 g/t gold, 0.23% copper collected 5 kilometres south-east of the main Durette showing has outlined silicified and sulphide bearing iron formation and mafic volcanics over approximately 200 metres of strike length in felsenmeer and boulders. Up to 60% sulphides (pyrrhotite, pyrite and chalcopyrite) and 10% quartz veins with pyrrhotite and chalcopyrite occur over the length of this new area. Assay results on the 32 grab samples taken are pending. More details including a map will be provided when all sample results have been received from this area.
The Durette prospect had not been previously drill-tested and an initial pattern of six (6) drill holes was planned to test various geological targets along a 465 metre strike length where surface alteration and mineralization was sampled in 2005. Ground conditions, including slumped mega-blocks of the silicified iron formation and deep snow cover prevented a direct test of surface mineralization over the central part of the main showing area.
Drill holes 06-01 and 06-02 were drilled from the same set-up as a direct test of the exposed silicified iron formation. Hole 06-02 intersected 1.57 g/t over 2.80 metres, from 6.80 to 9.60 metres depth. Hole 06-01 intersected 0.41 g/t over 6.07 metres, from 5.83 to 11.90 metres depth, which includes 1.26 g/t over 0.67 metres.
Hole 06-03 was drilled 100 metres west from 06-01 to test the intersection of the silicified iron formation, an east-west structure and an electromagnetic conductor from a 2005 survey. The hole intersected 9.61 g/t / 1.56 metres at a depth of 14.30 metres.
Hole 06-04 and 06-05 were drilled from north to south to intersect the east-west structure at depth beneath the exposed surface mineralization. The holes could not be spotted to intersect the silicified iron formation directly due to local ground conditions, so the main target could not be tested with either hole in the central area. No significant assays were reported.
Hole 06-06, collared about 200 metres southeast of holes 4 and 5, was drilled at the eastern end of the known alteration zone to test for buried silicified iron formation and to intersect possible vein-style mineralization at depth. Approximately 2 metres of silicified iron formation was intersected from 2.0 to 4.0 metres. No significant assays were reported.
GeoVector Management Inc. of Ottawa is managing the field program this year. Alan Sexton, MSc, P.Geol. is the Project Manager and the Qualified Person under 43-101 supervising the technical aspects of the program.
All assaying of drill core is completed by TSL Laboratories Ltd. based in Saskatoon, Saskatchewan. Drill core analysis is performed on saw cut, half NQ core with standard fire assay procedures and a gravimetric finish (1 assay ton). A QA/QC program involves the insertion by Commander of at least one of each external standard (low to high grade Au), and one blank per short drill hole, typically within an iron formation interval. TSL completes its own internal QA/QC program by inserting a standard, and several pulp duplicates in every batch of 20 analyses. The QA/QC procedures and results are monitored through the duration of the program.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company with control one of the largest new gold districts in Canada and a new uranium belt in Newfoundland. Commander's underlying mission is to generate or acquire quality opportunities and add significant shareholder value through discovery of mineral deposits, leveraged partnerships, and/or sale of assets.
On Behalf of the Board of Directors,
Kenneth E. Leigh
For further information, please call:
Cathy DiVito, Corporate Communications
Commander Resources Ltd.
Telephone (604) 685-5254 Toll Free Canada/U.S.: 1-800-667-7866
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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