| ||May 19, 2010|
Commander Provides Baffin Exploration Update
| ||Commander Resources Ltd. (CMD-TSX Venture) has completed the mobilization of crews, drill equipment and supplies for the comprehensive field exploration program on its wholly owned Baffin Island Gold Project, Nunavut. As previously reported the program will be operated by Commander and funded by AngloGold Ashanti under the terms of a $20 million Farm-in JV Agreement announced September 3, 2009. The initial budget approved by AngloGold for the 2010 program is USD$4.55 million and will include at least 5,500 metres of drilling on two target areas. There has been some weather related delays over the past weeks, which has slowed the start-up process; we are awaiting arrival of the helicopter to the Malrok camp and then we will be ready to drill. |
The program will start with approximately 3,500 metres of drilling on the Malrok Zone and will be followed by 2,000 metres of drilling on the new Kanosak Prospect Area (previously named the Hébert Prospect Area). A brief description of the two target areas is provided below.
In addition, surface geological mapping, core re-logging and structural interpretation will be done through the summer months in the Ridge Lake and Durette areas to delineate targets for further drilling in 2011.
Ken Leigh, Commander CEO stated "We are very excited to kick off a major, well funded exploration program that will finally come to grips with some of the exceptional gold targets in what we hope will prove to be a major new gold district in Nunavut."
Gold mineralization at Malrok is hosted in structurally-thickened silicate iron formation units. Drill results reported by Commander in 2004 included 9.15 grams per tonne gold over 6.0 metres (including 15.12 grams per tonne gold over 3.0 metres), 12.1 grams per tonne gold over 3.3 metres, and 4.46 grams per tonne gold over 9.41 metres (including 12.7 grams per tonne gold over 1.5 metres). The gold zone at Malrok is exposed at surface and has been drill tested to a depth of only 50 metres; it remains wide open to expansion. The initial drilling will be designed to expand the known gold mineralization along a predominant southeast or easterly plunging fold axis. Select targets will also be tested around the remainder of the 3 kilometre diameter Malrok structure to locate further gold bearing iron formation.
Kanosak Prospect Area (formerly named Hébert)
The Kanosak Prospect Area, which consists of Kanosak Main (formerly Hébert Main), Kanosak South (formerly Hébert South), and Kanosak North (formerly Traciane) outlines a 3.5 kilometre long 300-400 metre wide gold-bearing structural corridor that remains open to further expansion. Surface gold mineralization extends from high-grade sub-vertical and bedding-parallel quartz vein sets into altered arsenopyrite-bearing sedimentary units. Similarities in vein orientation, style, alteration, geophysical signature and gold mineralization confirm that the entire Kanosak Prospect is part of one large gold mineralized system. There has been no prior drilling on this target area.
The initial 2,000 metre drill program at Kanosak will consist of 15-20 shallow holes to test the best surface exposure of the gold mineralization and the width of a coincident Induced Polarization (IP) anomaly at the Kanosak Main target area. Success in the first pass drilling program will verify the potential of this mineralized corridor and may lead to an expanded drilling and geophysical effort this year and in 2011.
Previously reported surface channel sample results from Kanosak Main included 9.32 grams per tonne gold over 5.87 metres (including 104.3 grams per tonne gold over 0.40 m), 91.06 grams per tonne gold over 1.6 metres (including 446.6 grams per tonne gold over 0.3 m), and 22.83 grams per tonne gold over 1.0 metres. Results from surface grab samples returned some high values such as 1,388 grams per tonne gold, 861 grams per tonne gold, 720 grams per tonne gold, 213.5 grams per tonne gold, and 660.3 grams per tonne gold.
The location and detailed results from the gold zones and prospects on the Baffin Property can be found on Commander's website and in the Company's news releases pertaining to the Baffin Island Gold Project. The property is readily accessible to tidewater, contains abundant fresh water and is located close to a "Distant Early Warning" (DEW line) radar station, which has an operational 4,000 foot airstrip.
The Baffin Gold Project is subject to a Farm-in J.V. Agreement, announced September 3, 2009, with AngloGold Ashanti Limited's subsidiary AngloGold Ashanti Holdings Plc ("AGA") that provides AGA the option to earn an initial 51% interest in the project by funding $20 million in exploration along with other considerations as detailed in the Company's September 3, 2009 News Release.
GeoVector Management Inc. of Ottawa will be managing the field program this year. Alan Sexton, MSc, P.Geol. is the Project Manager and the Qualified Person under NI 43-101 who will be supervising the technical aspects of the 2010 field program.
On Behalf of the Board of Directors,
President & CEO
For further information, please call:
Cathy DiVito, Investor Relations
Telephone: (604) 484-7111 ~ Toll-free: 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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