DrillingFalconbridge Limited Quick Quote: T.FL 21.50 (-0.01)
Commander Announces Drilling Starts On South Voisey Bay Project
9/15/03
Commander Resources Ltd. reports that diamond drilling under the direction of Falconbridge Limited, operator of the South Voisey Bay Project, has commenced.
The initial phase of 1,200 metres of drilling will test three high-priority geophysical targets, located in an east-west-trending structure in an area predominated by northwest-southeast features.
All three target areas are located on the north gabbro in the general area of the highest grades and nickel tenors intersected on the South Voisey Bay Project to date. Two of the three target areas are located on the Commander/Donner joint venture property and these will be tested by the first two holes.
Falconbridge has an option to earn a 50 percent interest in the Commander/Donner Project by spending $4 million on exploration through the year 2006. Falconbridge has spent approximately $4.0 million to date on the entire South Voisey Bay Project, which includes four ownership blocks and has met the requirements up to the end of 2003 to maintain its option. Falconbridge has increased the 2003 budget by approximately $400,000 in order to carry out the drilling.
Commander's interest in Sarah Lake Commander/Donner joint venture property is 48%.
William J. Coulter
President
CONTACT: TEL: (604) 685-5254 William J. Coulter, President,
Commander Resources Ltd.
TOLL FREE: 1-800-667-7866
WEBSITE: www.commanderresources.com
Email: info@commanderresources.com