 |
| | |
| | August 05, 2004
Drill Targets Identified At Big Hill, Newfoundland
|
| | Commander Resources Ltd. (CMD - TSX Venture) Coincident gold-in-soil and Induced Polarization (IP) anomalies have been outlined on the Company's optioned Big Hill property, Newfoundland. The property is located about 25 kilometres northeast of and along-strike with the structure hosting the Hammerdown Gold Deposit. In 2002, Black Bart Prospecting Inc. discovered a high grade gold vein and staked the property.
In 1999, Commander's predecessor company, Major General Resources Ltd., sold the Hammerdown Gold Deposit for $4 million to Richmont Mines Ltd. who successfully developed and mined it. Ore was treated at their Nugget Pond mill, located 25 kilometres northeast of Big Hill property, across Green Bay.
Groundwork in late 2003 outlined a 250--300 metre long gold soil anomaly with elevated arsenic and copper trending northeast from the discovery vein. Gold values in the anomalous area range from 27 to 657 ppb gold. Background values in the survey area are less than 5 ppb gold. A recently completed IP survey has outlined a 350 metre long chargeability anomaly coincident with the gold soil anomaly and extending 100 metres further northeast. The southwestern end of the anomaly is open into the shallow waters of Western Bay. The IP anomaly is of similar intensity to the anomaly over the Hammerdown-Rumbullion gold vein system. Refer to the Company's website for maps of the Big Hill property.
The IP survey outlined several other, slightly stronger northeast trending anomalies, one of which is associated with an arsenic soil anomaly.
Preliminary geological mapping on the dense brush and overburden covered property found limited outcrops. Some quartz veining with copper mineralization was noted, further mapping is planned.
The Company plans to test the coincident IP and gold soil anomalies with 2-3 drill holes later this year, with the possible assistance of the Junior Exploration Assistance Program of the Province of Newfoundland and Labrador.
Analytical Procedures
Individual samples are sealed in Kraft soil sample bags and packed in plastic bags and shipped by truck to Eastern Analytical Services in Springdale, Newfoundland. All samples are sieved to minus 80 mesh. Material is fire assayed for gold at half assay tonne. 30 Element I.C.P. analyses are then completed for other metals and trace elements.
The Qualified Person under National Instrument 43-101 overseeing the project for Commander Resources is Bernard H Kahlert, P.Eng.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company with a diversified portfolio of gold, copper-gold and nickel projects across Canada with focus on a large, emerging new gold camp on Baffin Island and advanced nickel projects in Labrador. The company holds 1.72 million shares of Diamonds North Resources Ltd.
On behalf of the Board of Directors,
Kenneth Leigh
President & CEO
For more information, please contact:
Commander Resources Ltd.
510 - 510 Burrard Street
Vancouver, B.C. V6C 3A8
Tel. (604) 685-5254 Fax (604) 685-2814
info@commanderresources.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
| |
| | You can view the Next News Releases item: Fri Aug 6, 2004, Non Brokered Financing Completed
You can view the Previous News Releases item: Fri Jul 30, 2004, Big Hill Property Option
You can return to the main News Releases page, or press the Back button on your browser.
|
|
