NWT Mineral Exploration

[Ed Monton]

Commander finds high-grade gold at 2369 prospect

2004-09-16 11:47 ET - News Release


Mr. Kenneth Leigh reports

COMMANDER DISCOVERS ANOTHER HIGH GRADE GOLD SHOWING ON BAFFIN

Commander Resources Ltd. has discovered a new high-grade gold showing within the 2369 prospect area on its Baffin Island project, Nunavut. This new discovery (Durette showing), located at the eastern end of the 140-kilometre-long belt of Bravo iron formation is about 50 kilometres east of the Ridge Lake prospect and further demonstrates the gold potential of the Bravo iron formation. Refer to the company's website for maps http://commanderresources.com/gold/NR26/pop_09Rbafreg.htm.

The Durette showing extends over a 700-metre strike length comprising 20 gold-bearing rock samples, 11 of which grade in excess of 4.0 grams per tonne gold, the best values being 46.9 grams per tonne gold, 41.2 grams per tonne gold, 16.9 grams per tonne gold and 16.5 grams per tonne gold.

An additional 74 rock samples have been assayed from the western portion of the 2,369 prospect area in the vicinity of a showing discovered in 2003. Of these samples, five are greater than 1.0 gram per tonne gold, the best being 9.5 grams per tonne gold. Results for 18 samples are awaited.

Significant arsenopyrite and intense silicification are associated with gold values within the Bravo iron formation in this area. The overall geology consists of a large synclinal fold with evidence for structural complexity and thickening of the iron formation. No detailed geological mapping or channel sampling has yet been completed.

The 2369 prospect area is situated on mineral lands optioned from Falconbridge Ltd. in which Commander may earn a 100-per-cent interest, subject to a sliding scale net smelter return royalty (NSR) of 1 to 3 per cent based on the gold price.

The qualified person under National Instrument 43-101 for Commander Resources is Bernard H. Kahlert, PEng, and the on-site qualified person running the Baffin Island project is Wesley Raven, PGeo. Mr. Kahlert has reviewed and verified the results and content of this news.

Sampling and analytical procedures

Individual rock samples are sealed in plastic sample bags and packed into 15-kilogram to 20-kilogram fibre bags, securely closed and shipped by air to Deer Lake, Nfld., where they are picked up by Eastern Analytical Services and trucked to its laboratory in Springdale, Nfld. All samples from the iron formation are coarsely ground with 250-gram splits pulverized to 150 mesh. A 15-gram pulp is then assayed by standard fire assay procedure. A total of 30 element ICP analyses are then completed for other metals and trace elements.