| ||November 01, 2005|
New Uranium Discover - 400 Square Kilometres Staked
| ||Commander Resources Ltd. (CMD-TSX-Venture) reports the discovery of a new high grade uranium showing from its on-going exploration program in southern Newfoundland. This discovery prompted the Company to acquire an additional 1600 claims totaling 40,000 hectares covering a major geological belt known as the "Hermitage Flexure" which ties together the Blue Hills and White Bear River uranium properties. |
The new discovery, named the "Doucette Prospect" consists of stratiform uranium mineralization in metamorphosed sedimentary rocks. Sixteen composite rock chip samples from this new discovery returned values ranging from 0.13% to 1.32% U3O8 (or approximately 2.8 pounds per tonne to 29.0 pounds per tonne contained U3O8). Six of these samples contained in excess of 0.67% U3O8 (14.7 pounds per tonne U3O8). Refer to the map and complete table of results on the Company's website.
At the current price of U.S. $33 per pound U3O8, these grades represent very high in situ values. The property has not been previously drilled, is located close to a paved highway, close to a sea port and is in a favourable mining jurisdiction.
The discovery is located on the White Bear River Property, about 500 metres southeast of the #3 uranium prospect where rock chip samples in boulders contain up to 0.56% U3O8 and up to 0.47% U3O8 in outcrop (previously reported). The Doucette Prospect, discovered by prospector Wayne Doucette using a handheld spectrometer, consists of numerous angular boulders scattered over a distance measuring several hundred metres across the strike of the local stratigraphy. Two samples collected about 200 metres further south of the Doucette Prospect from similar rocks contained 0.15% U3O8 and 0.06% U3O8. High count readings from layered rocks resulted in the collection of some 25 composite rock chip samples averaging 1.5 kilograms each. The Company's project supervisor, Chris Hutchings, P.Geo believes that the central portion of these boulders is close to a bedrock source.
When considered with the other uranium showings on the Blue Hills -- White Bear River properties (previously reported in the Company's news releases dated July 12, 2005 and August 18, 2005), the Doucette Prospect indicates that widespread uranium mineralization is stratigraphically controlled within the an aerially extensive and continuous sequence of interlayered volcanic and sedimentary rocks of the Hermitage Flexure. Nearby granites are in both intrusive and unconformable contact and contain at least one of the uranium showings.
Back-hoe trenching and sampling will be undertaken on the new discovery and other high grade uranium showings on the Blue Hills Property. Prospecting, line cutting, soil sampling and geophysical surveying will continue on selected areas.
Samples were assayed by the Saskatchewan Research Council (SRC) Laboratory using their standard U3O8 extraction method. Mineralogical examination by petrologist Dr. K.V.Campbell indicates the host rock to be quartz-biotite-muscovite schist metamorphosed from an impure sandstone. Detailed examination under ultraviolet light shows that the uranium mineralization is concentrated within continuous layers immediately adjacent to biotite-rich bands.
Three other uranium prospects on the White Bear River property were discovered and described initially by Newfoundland government geologist S. O'Brian in the mid 1980's while his party was mapping the Hermitage Flexure area. O'Brian's discoveries were made at the end of the last uranium boom and received little attention until recently.
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
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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