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Commander Resources Ltd V.CMD

Alternate Symbol(s):  CMDRF

Commander Resources Ltd. is a Canada-based exploration company. The Company is engaged in the business of acquisition and exploration of resource properties in Canada and Mexico. Its properties include First Loon, Sabin, October Dome, Henry Lee, Omineca, Burn, South Voisey’s Bay, Pedro, Hammerdown, Flume and Nepisiguit. Its First Loon Property is in northwestern Ontario in the Pickle Lake Gold Belt, which covers an area of approximately 8,892 ha. The Sabin property is located at the north margin of the mineral-rich Sturgeon Lake Greenstone belt of Archean metavolcanic. The South Voisey’s Bay property covers overs 29,400 hectares and is located approximately 80 km in central Labrador. Its Pedro claims are located approximately 100 km from the city of Torreon. The Nepisiguit property consists of over 55 contiguous mineral claim units covering an area of 1,203.9 hectares located approximately 40 km southwest of the city of Bathurst, New Brunswick.


TSXV:CMD - Post by User

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Post by player111on Aug 08, 2006 12:04pm
238 Views
Post# 11198062

NEWS RELEASE!

NEWS RELEASE!Press Release Source: Commander Resources Ltd. Commander Resources Ltd.: New High Uranium Assay of 3.1% U3O8 from Hermitage Tuesday August 8, 11:52 am ET VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 8, 2006) - COMMANDER RESOURCES LTD. (TSX VENTURE:CMD - News) reports further results from the on-going field program on the Hermitage Uranium Project in Newfoundland. - A high uranium assay of 3.1% U3O8 from a buried boulder at the HE-2 prospect, White Bear River area. - Significant uranium values from bedrock at the new Troy's Pond showing including 0.19% U3O8 and 0.22% U3O8. - At anomaly HE-1A, three samples assayed 0.20%, 0.24%, and 0.28% U3O8. The sample that ran 3.1% U3O8(i) was returned from a buried boulder located during detailed prospecting at the HE-2 anomaly. After receiving high scintillometer counts in an overburden area, a hole was dug to about 0.5 metres where the high count boulder was located. This Boulder is situated about 50 metres south of and uphill from the previous high assay boulders announced from anomaly HE-2. At Troy's Pond, on the recently staked Strickland Property, two 1.5 kg chip samples were taken from bedrock after digging through 30 centimetres of overburden in an area where high scintillometer counts were recorded over a 6 metre length. The samples assayed 0.19% U3O8 and 0.22% U3O8. The area of high counts will be exposed as much as possible to determine the extent and controls on uranium mineralization at Troy's Pond. Fifty metres to the south in a separate stratigraphic unit, two samples from a small bedrock exposure assayed 0.02% and 0.045% U3O8. Another 16 boulder and bedrock samples with lower scintillation counts are scattered across the southern margin of the Strickland Property; eight had values ranging from 120 ppm to 430 ppm U3O8, while the other eight had background values. Detailed prospecting at Strickland is awaiting results of the recent airborne radiometric survey. At anomaly HE-1A in the White Bear River area, three of the eleven sample results from widely scattered boulders received to date assayed 0.20%, 0.24%, and 0.28% U3O8 and four others returned values from 0.06% to 0.14% U3O8. A number of other high scintillometer count samples from HE-1A are still awaited. Anomaly HE-1A is located near the centre of the cluster of new uranium discoveries at White Bear River as described in the Company's July 18, 2006 News Release. Results from anomalies HE-2, HE-1A and the Doucette Prospect have shown highly encouraging uranium assays in a favourable geological setting. These areas will be further advanced to the drill stage with geological mapping, soil sampling and geophysical surveying on a grid. At the present time, subsurface radon gas emission test surveys are underway on these and several other targets on the property. Bernard Kahlert, P.Eng is the Company's Qualified Person under N.I. 43-101 for the Hermitage Project. Samples were sent to ACME Analytical Laboratory, Vancouver, BC where they were analyzed using 1DX Multiple Element ICP methods. Values greater than 0.24% U3O8 are assayed by methods 7TD using 4-acid digestion with ICP-ES analysis. (i)(all uranium values expressed in U3O8 are calculated from uranium analyses received from ACME Analytical Services and reported in %U and ppm U.) On Behalf of the Board of Directors, Bernard Kahlert, P.Eng, V.P. Exploration Shares Issued: 54,503,133 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Contact: Bernard Kahlert, P.Eng Commander Resources Ltd. V.P. Exploration (604) 685-5254 or 1-800-667-7866 (604) 685-2814 (FAX) info@commanderresources.com www.commanderresources.com -------------------------------------------------------------------------------- Source: Commander Resources Ltd.
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