NewsCommander Commences Baffin Exploration Program
5/2/05
VANCOUVER, BRITISH COLUMBIA, May 2, 2005 (CCNMatthews via COMTEX) --
COMMANDER RESOURCES LTD. (TSX VENTURE:CMD) reports the start of its 2005 exploration field program on the Baffin Island project, Nunavut where Commander has discovered a new gold district containing 14 prospect areas with potential for one or more high-grade gold deposits along a 140 kilometre belt of iron formation.
The main objective of the 2005 program is to outline a near-surface, high-grade continuous gold zone at Ridge Lake and advance the high-grade gold prospects east in the "Qim 5" and "Durette" areas. The program includes detailed ground geophysics, detailed structural mapping, sampling and diamond drilling.
The first phase of the program, now underway, will consist of a 500 line kilometre detailed ground magnetic survey, which will provide maximum structural detail over the priority target areas. Detailed geological mapping and diamond drilling are planned following completion of the ground geophysics. 2000 metres of drilling in 20-25 holes at Ridge Lake will be guided by previous surface gold results, drill results and magnetic data. These programs may be extended if warranted. Detailed structural mapping, channel sampling and ground geophysics will be completed over the "Qim 5" and "Durette" prospect areas to develop drill targets for planned testing later in the season.
At Ridge Lake, a 3.5 kilometre strike length of iron formation contains several areas of high grade surface gold mineralization grading in excess of 10 g/t gold including samples up to 107.1 g/t gold. An "ore-grade" intersection of 17.48 g/t gold over 2.15 metres including 31.34 g/t gold over 1.15 metres at a depth of less than 30 metres from surface came from the limited 2004 drilling.
High-grade gold results from the "Qim 5" prospect area include 42.91 g/t gold and 103.1 g/t gold in an area of complex deformation where only prospecting was completed in 2004. The "Durette" Showing consists of a 700 metre strike length of exposed iron formation on the northern limb of a large fold with rock samples of 41.1 g/t gold, 46.95 g/t gold, 16.5 g/t gold, 17 g/t gold and 10.6 g/t gold. Rock samples from the iron formation exposed on the southern limb include 7.5 g/t gold and 9.5 g/t gold.
Drilling at Malrok returned high-grade but discontinuous gold results in 2004 within 50 metres of surface, including 9.15 g/t gold over 6.0 metres (including 15.12 g/t gold over 3.0 metres), 12.1 g/t gold over 3.3 metres and 4.46 g/t gold over 9.41 metres (including 12.7 g/t gold over 1.5 metres). The system is open along strike and at depth and will be followed-up in a later program once the inventory of advanced targets has been prioritized.
In addition to the gold targets, a high grade nickel prospect discovered at the end of the 2004 season containing 1.27% nickel, 0.88% copper and 0.40% cobalt will be evaluated and drill tested if warranted. The cobalt value in this sample is approximately four times higher than that found in average nickel deposits where cobalt is a bi-product credit.
The Baffin Island Project is close to tidewater, there is an abundance of water available for year-round development and mining, and there is access to two long airstrips capable of handling larger aircraft including C-130 Hercules. The fuel, core boxes and propane required for this season's work was sent to the area by ship in 2004.
The setting and style of gold mineralization is similar to the past-producing Homestake Gold mine in South Dakota, the Lupin deposit in N.W.T, and Morro Velho, Brazil. Gold deposits of this type can be very large and high grade.
All of the gold values presented above were previously disclosed in various news releases issued by the Company in 2004 and can be found on the Company's website or on Sedar. Geological maps and additional summary information can be found on the company's website, www.commanderresources.com.
To complement the team at Commander, Allan Armitage, PhD, P.Geo was hired to run the Baffin project this year. Allan has extensive experience with iron formation gold deposits and Arctic geology. He was formerly Chief Geologist at Comaplex Minerals where he was primarily involved in the Meliadine gold project near Rankin Inlet, Nunavut for the past eight years.
Bernard Kahlert, P.Eng is the Company's Qualified Person under N.I. 43-101 for the 2005 project. Dr. Allan Armitage, P.Geo will be the Qualified Person managing all aspects of the 2005 field program.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company with a diversified portfolio of gold, copper-gold and nickel projects across Canada with focus on a large, emerging new gold district on Baffin Island. Commander's mission is to generate or acquire quality gold and base metal opportunities at a low cost and add significant shareholder value through discovery of mineral deposits, leveraged partnerships, and/or sale of assets. The company has exposure to the diamond sector through an equity position in Diamonds North Resources Ltd.
ON BEHALF OF THE BOARD:
Kenneth E. Leigh, President & CEO
Shares Issued: 30,777,590
Commander Resources Ltd.Cathy DiVitoCorporate Communications(604) 685-5254 or Toll Free: 1-800-667-7866(604) 685-2814 (FAX)info@commanderresources.comwww.commanderresources.com
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