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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 17, 2012) – Commander Resources Ltd. (TSX VENTURE:CMD) (“Commander”)reports that results from this year’s geochemical and geological surveys and prospecting succeeded in defining several drill targets on the Glenmorangie property. Anomalous targets were delineated within the metamorphic aureole of strained Cretaceous intrusives and sheeted quartz veins known to be associated with gold mineralization in the district.
The property lies at the southern end of the Tintina Gold Province in SE Yukon and within an emerging new gold play area. The 2012 mapping and prospecting program focused on the Camp Zone and Hidden Valley Zone discovered during last year’s exploration program. 401 soil samples were collected as in-fill samples across the two anomalous zones. In 2011, Heavy Mineral Concentrate (HMC) sampling downstream of the Hidden Valley resulted in one sample returning 7 grains of gold, equivalent to 20 g/t Au. Results of the 2012 HMC sampling upstream from this location, as well as sampling of adjacent water sheds are still pending.
The following points highlight the results from the last two years:
Eric Norton, President and CEO, states, “The exploration of Glenmorangie, now in its second year, continues to show evidence that this property has substantial gold potential, not too dissimilar from recognized gold deposits in the Tintina Gold Province, such as Dublin Gulch and Brewery Creek. Our sampling program has confirmed two anomalous zones suitable for an exploratory drill program in 2013, which may indicate that Glenmorangie does host intrusion related gold systems.”
Summary of the Property:
The Glenmorangie Gold Property was acquired by Commander in May 2011. The property is underlain by pre-Cambrian to Cambrian aged phyllite and shale of the Vampire formation with a previously identified Cretaceous aged intrusion located at the southern end of the property. The intrusive events are associated with re-activation of major fault systems, which also created pathways for gold mineralization. Commander’s exploration has discovered more intrusions as well as a calcareous clastic metasediment unit not associated with the Vampire formation. This unit could be part of the Hyland Group and which would suggest the major fault system has created significant structural disturbance on the property. These calcareous sediments are also potential host rock for gold mineralization.
QA/QC Statement:
Assaying of the geochemical samples was carried out by ALS Minerals using several methods; the ICP61 aqua regia package for soils and the ICP-MS41 aqua regia package for rocks, which analyses a 0.5g sample; lead fire assay for rocks, and the ST Au-43 method for soils, which analyses a 25g sample. By testing the variances of each method it has been found that the heavier sample method for soils is better suited for detecting gold.
Steve Potts, P. Geo, VP of Exploration is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
COMMANDER trades on the TSX Venture Exchange under the symbol “CMD”. For additional information, please visit the Company’s website athttp://www.commanderresources.com.
On behalf of the Board of Directors,
Eric Norton, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
