| ||October 02, 2003|
Second High Grade Gold Zone On Baffin Island
| ||Vancouver, October 2, 2003, Commander Resources Ltd. reports that new gold assays from prospecting samples on Baffin Island have indicated a second zone of high grade gold values. Prospecting in the Ridge Lake area located about 20 kilometres to the east of the Malrok Gold Zone, has discovered another gold rich iron formation.|
Forty-nine samples were collected in a three square kilometre area not previously sampled. Of the 49 samples collected, 14 exceed 1.0 gram per metric ton (g/T) gold, including 8 which assay from 7.9 to 17.3 g/T gold. These high gold values were taken over a 2.5 kilometre strike length from an iron formation similar in nature to the nearby Malrok Gold Zone. The iron formation was identified by a previously flown aerial magnetic survey.
The strike extent and gold values of this newly discovered Ridge Lake Prospect adds substantially to the gold opportunity on Baffin Island.
The Malrok and Ridge Lake gold prospects are located on the Nunavut Tunngavik Inc. (NTI) owned lands which have been permitted by BHP Billiton. It is part of 2,000,000 acres being explored by Commander Resources which can earn 100 percent interest in all gold resources, subject to a production royalty. (Commander Resources press releases #03-14 September 29, #03-10 August 27, #03-08 August 21 and #03-06 June 23, 2003).
Gold results reported above represent fire assays of one-half assay-ton pulverized samples. Assaying is being carried out by Eastern Analytical Laboratory of Springdale, Newfoundland. Due to the presence of coarse visible gold in the area, these results are preliminary values which will be check assayed. All sample results exceeding 3 g/T Au are being re-assayed by the metallic method and all samples ranging from 1 to 3 g/T Au will be check assayed using one assay ton samples.
Bernard H. Kahlert, P.Eng, Vice President Exploration for Commander Resources Ltd. is the qualified person and is supervising all aspects of the exploration program.
William J. Coulter
For more information, please contact:
Commander Resources Ltd.
1550-409 Granville Street
Vancouver, B.C. V6C 1T2
Tel. (604) 685-5254 Fax (604) 685-2814
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