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| | January 20, 2006
Uranium Potential Expanded
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| | Commander Resources Ltd. (CMD-TSX-Venture) reports the discovery of eight high grade uranium results from the Company's latest round of work on its Newfoundland uranium properties. Two of these are particularly encouraging as they are from bedrock exposures not previously sampled. The current results confirm that the uranium mineralization is predominantly stratiform, following chemically-favourable stratigraphic units or beds of unknown lateral and depth extent. This is important as it opens up the potential for large tonnage deposits on the property.
At Blue Hills, the bedrock outcrop at the Main Showing was extended by backhoe trenching approximately five metres along strike before the trench was flooded. The bedrock along this five metre zone was continuously radiometric. Two channels were cut in the trench, approximately two metres east from a previously reported channel sample that ran 0.11% U308 (2.36 pounds per tonne) over 1.5 metres.
The two new channels assayed 0.18% U308 over a 1.4 metre length and 0.14% U308 over a 1.3 metre length respectively. Detailed mapping and sampling of the Main Showing outcrop and trench clearly demonstrate that uranium mineralization is continuous within the fine grained sediment-volcanic host in a stratabound setting over nearly ten metres. It could not be followed further due only to deepening overburden and the limitations of the small excavator. Additional samples were collected from the eastern end of the trench before it was flooded. Results are awaited from these samples.
A new uranium showing 400 metres west of the known "Chan" showing returned two bedrock composite chip samples assaying 0.11% U308 and 0.09% U308 and a locally derived boulder chip composite sample assaying 0.66% U3O8 at a volcanic -- sedimentary contact. The Chan prospect is located about seven kilometres west from the Main Showing.
A composite chip sample from a new showing in outcrop from the Baggs Hill granite intrusive assayed 0.49% U3O8, the highest result received to date from the granite indicating that significant potential may exist in the granite bodies themselves.
Four additional samples, collected near the Hawks Nest, Fat Lip, Main and #4 prospects assayed between 0.14% U3O8 and 0.36% U308. These were from coarse angular float considered to be sourced by these prospects.
At White Bear, 158 metres of back hoe trenching was completed in 14 trenches to follow-up sixteen composite rock chip samples that returned values ranging from 0.13% to 1.32% U3O8 previously reported in a news release dated November 1, 2005. The back-hoe was a mini-excavator capable of being transported by helicopter. Bedrock was not reached due to overburden depth, the limited depth capacity of the back hoe and flooding of the trenches. The area of the Doucette Prospect, considered to be a high priority target by the Company, remains to be followed up and evaluated by a subsurface sampling method such as percussion drilling.
Updated maps will be posted to the Company's website once all interpretation is complete.
Detailed interpretation of the soil sample data and geophysical data collected as part of the fall program is underway and will be presented once compiled with the prospecting and mapping results. The compiled data will then be used to plan the next phase of work. Due to the extensive overburden cover and lack of outcrop, the next step in areas of known mineralization, geochemical and geophysical anomalies may include percussion drilling to sample the bedrock beneath the cover. An airborne magnetic and radiometric survey is also being considered to cover the larger property area once the snow melts.
Samples were trucked to Eastern Analytical Laboratory in Springdale N.F. where samples were coarse crushed. Twenty-eight samples were sent to ACME Analytical Laboratory, Vancouver, B.C. and twenty-three samples were processed by the Geoanalytical Laboratories at the Saskatchewan Research Council ("SRC"), Saskatoon, Saskatchewan, an independent laboratory. Samples were analyzed by both labs using their standard U3O8 extraction methods.
Bernard Kahlert (P.Eng), V.P. Exploration is the Qualified Person under N.I. 43-101 supervising all aspects of the program.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company with a diversified portfolio of gold, copper-gold, nickel and uranium projects across Canada with focus on a large, emerging new gold district on Baffin Island. Commander's mission is to generate or acquire quality opportunities at a low cost and add significant shareholder value through discovery of mineral deposits, leveraged partnerships, and/or sale of assets. The company has exposure to the diamond sector through an equity position in Diamonds North Resources Ltd.
On Behalf of the Board of Directors
Bernard Kahlert
V.P. Exploration
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
Email: info@commanderresources.com
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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