COMMANDER RESOURCES LTD. : http://www.commanderresources.com/ : News Releases
|January 18, 2008|
Commander Outlines Drill Targets at Troy's Pond
|Commander Resources Ltd. (CMD-TSX Venture) reports that a geophysical survey has defined a significant drill target coincident with uranium mineralization at Troy's Pond. The Induced Polarization (I.P.) survey was completed late in 2007 on the Troy's Pond, ST-129 and Quinlan uranium prospects on the wholly-owned Strickland Property, part of the Hermitage uranium project, Newfoundland.|
Results from back-hoe trenching and alpha-track survey work completed in the fall on other areas of the large Hermitage project are awaited.
At Troy's Pond, six I.P. lines were completed to follow-up significant uranium mineralization intersected in drill holes completed in early in 2007 (previously reported in the Company's news release dated February 2nd, 2007), including a 10 metre wide uranium bearing zone assaying 0.02% U3O8, with a 4.3 m interval assaying 0.045% U3O8 (about 1 lb / t). A weak I.P. chargeability response, detected close to this uranium-bearing drill intersection, strengthens 100 metres to the west, then continues for a further 200 metres along strike of the host rock sequence to the end of the survey grid, beyond which the anomaly is open (refer to map on the Company's website). Several drill holes will be required to test this anomaly once a follow up I.P. survey has been done.
The I.P. survey identified a new target in an overburden-covered area in the northwest portion of the Troy's Pond grid where no uranium prospects are known. The new target is 300 metres long and is open beyond the survey limit. An alpha-track survey, scintillometer survey, and soil sampling are required to determine if there is uranium associated with the anomaly. If the presence of uranium is indicated on this anomaly, it will be ready for drill testing.
At the ST-129 uranium prospect, one kilometre east of Troy's Pond, three lines of I.P. surveying gave inconclusive results due to technical problems. Further I.P. surveying and sampling are required to develop drill targets.
At the Quinlan Uranium Prospect, 10 km to the east of Troy's Pond, only three short lines of I.P. surveying were completed due to weather constraints. An anomaly on the westernmost line surveyed is clearly associated with uranium in bedrock. The I.P. anomaly is open in the direction of the uranium bearing trend which continues for several 100 metres. Uranium mineralization has been traced over a strike length of more than 800 metres in this area. If a suitable I.P. anomaly is developed, it will be drill ready.
Logistically, the Strickland property is ideally located. Troy's Pond is situated only 8 kilometres from the old Hope Brook gold mine, which is 2 kilometres from tidewater where there is a useable pier. Also, an active, 150,000 volt powerline terminates at the old mine site.
ABOUT COMMANDER RESOURCES LTD.
Commander Resources Ltd. is a junior exploration company focused on gold and base metal exploration in Canada. The strength of Commander comes from a combination of aggressive land acquisition and strategic partnerships to increase exposure to discovery while mitigating risk to the shareholders. Diversification is the cornerstone of Commander's strategy and is reflected in its extensive property portfolio including the main projects, Baffin Island Gold, Hermitage Uranium and the South Voisey's Bay Nickel properties.
On behalf of the Board of Directors,
Kenneth E. Leigh
President & CEO
For further information, please call:
Investor Relations: BMK Communications
Toll Free: 1-877-489-4440
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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This page was created on Fri Jan 18, 2008 at 10:40:51 AM Pacific Time.