Commander Outlines Large I.P. Anomaly at Baffin Island Gold Property
26 Janvier 2012 - 6:28PM
Marketwired Canada
Commander Resources Ltd. (TSX VENTURE:CMD) is pleased to announce that results
from the deep sensing, 3-D Induced Polarization (IP) Survey conducted at the
Kanosak gold prospect in the 2011 field season have been reported. The survey
results indicate the presence of a steeply dipping, cross-cutting zone of high
chargeability and low resistivity below gold anomalous strata bound sulphide
mineralization hosted in flat lying sediments over a 3 km strike length. The IP
anomaly is interpreted as a possible feeder to the extensive surface
mineralization. Trenching and shallow drilling has previously found widespread
free gold in quartz veins and associated with disseminated arsenopyrite and
pyrite.
The survey was conducted by Abitibi Geophysics of Val d'Or, Quebec, who also
prepared all plans and interpreted the results. The report states that a large,
sub-vertical anomaly commences about 150 metres directly below the surface gold
showings at Kanosak. The IP chargeability anomaly underlies the entire 3 km
strike extent of the grid. Additionally, the anomaly is open to the south, with
the strongest response at the southern most grid line.
The report states that the intensity of the anomaly increases with depth, with
primarily background chargeability values (15-30 mv/V) from surface to 50
metres, increasing to some of the highest recorded values (300 mv/V) at 150
metres. The high values are interpreted to be attributable to sulphides, as
there is no graphite recorded in this area.
The IP results are presented with maps on the Company's website. Three plan maps
show chargeability values at 50-100-150 metre depths and a surface interpretive
plan shows the IP anomaly, along with completed and proposed drill holes. Most
of the holes (shown in grey) were drilled west of the target or were too shallow
to reach the top of the interpreted source. This previous drilling was designed
to test surface gold showings and early stage, shallow (less than 75 metre
depth) IP response. Proposed holes, (shown in green) are designed to test the
new, deep responses.
The interpretation of the IP response from the deep, 3-D survey indicates that a
very large, strong disseminated sulphide source dips sub-vertically below 150
metres depth from surface. This may be the feeder system which produced the very
high grade, but irregularly distributed gold veins scattered over 3 km's on
surface at Kanosak.
The chargeability anomaly is associated with a resistivity high, which is also
reflected in the surface showings at Kanosak. Here, gold is associated with the
arsenopyrite and minor pyrite, which are good IP sources. As the IP source is
associated with magnetic lows, the source is not expected to be magnetic
pyrrhotite or magnetite.
A 3,000 metre drill program has been proposed to test these strong, deep
targets. A camp is established and permits are in place.
Bernard Kahlert, P.Eng. is the Qualified Person as defined by National
Instrument 43-101 and has reviewed and approved the technical disclosure
contained in this release.
COMMANDER RESOURCES LTD. is a diversified exploration company that employs
project generation and leverage strategies to develop Canadian resources for,
either, sale or joint venture. By employing this strategic approach Commander is
able to systematically enhance shareholder value while managing the risk
associated in exploration and development.
COMMANDER trades on the TSX Venture Exchange under the symbol "CMD". For
additional information, please visit the Company's website at
http://www.commanderresources.com.
On behalf of the Board of Directors,
Eric Norton, President & CEO
Commander Resources (TSXV:CMD)
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