Commander Resources Ltd.
TSX VENTURE : CMD

Commander Resources Ltd.

October 17, 2012 14:04 ET

Commander Defines Drill Targets on its Glenmorangie Gold Property, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2012) - Commander Resources Ltd. (TSX VENTURE:CMD) ("Commander") reports that results from this year's geochemical and geological surveys and prospecting succeeded in defining several drill targets on the Glenmorangie property. Anomalous targets were delineated within the metamorphic aureole of strained Cretaceous intrusives and sheeted quartz veins known to be associated with gold mineralization in the district.

The property lies at the southern end of the Tintina Gold Province in SE Yukon and within an emerging new gold play area. The 2012 mapping and prospecting program focused on the Camp Zone and Hidden Valley Zone discovered during last year's exploration program. 401 soil samples were collected as in-fill samples across the two anomalous zones. In 2011, Heavy Mineral Concentrate (HMC) sampling downstream of the Hidden Valley resulted in one sample returning 7 grains of gold, equivalent to 20 g/t Au. Results of the 2012 HMC sampling upstream from this location, as well as sampling of adjacent water sheds are still pending.

The following points highlight the results from the last two years:

  • A target, area called the Camp Zone, has been defined by anomalous gold in soil values of up to 1050 ppb (1.05 g/t in 2012 sampling), and grab rock samples assaying up to 4.5 g/t Au (in last year's sampling). This zone now measures 2 km by 1.5 km.
  • A second anomalous zone to the south, called the Hidden Valley Zone, has returned values of up to 131 ppb Au in soils (last year's sampling). This year's infill sampling confirmed the zone.
  • There are highly elevated levels of bismuth and arsenic with gold, suggesting a strong possibility of the veins being associated with a buried intrusive system.
  • Mapping of the area has discovered localized higher grades of metamorphism and strong deformation, mineralized quartz veins, as well as the presence of intrusive bodies, which again suggests the possibility of gold mineralization associated with buried intrusions.

Eric Norton, President and CEO, states, "The exploration of Glenmorangie, now in its second year, continues to show evidence that this property has substantial gold potential, not too dissimilar from recognized gold deposits in the Tintina Gold Province, such as Dublin Gulch and Brewery Creek. Our sampling program has confirmed two anomalous zones suitable for an exploratory drill program in 2013, which may indicate that Glenmorangie does host intrusion related gold systems."

Summary of the Property:

The Glenmorangie Gold Property was acquired by Commander in May 2011. The property is underlain by pre-Cambrian to Cambrian aged phyllite and shale of the Vampire formation with a previously identified Cretaceous aged intrusion located at the southern end of the property. The intrusive events are associated with re-activation of major fault systems, which also created pathways for gold mineralization. Commander's exploration has discovered more intrusions as well as a calcareous clastic metasediment unit not associated with the Vampire formation. This unit could be part of the Hyland Group and which would suggest the major fault system has created significant structural disturbance on the property. These calcareous sediments are also potential host rock for gold mineralization.

QA/QC Statement:

Assaying of the geochemical samples was carried out by ALS Minerals using several methods; the ICP61 aqua regia package for soils and the ICP-MS41 aqua regia package for rocks, which analyses a 0.5g sample; lead fire assay for rocks, and the ST Au-43 method for soils, which analyses a 25g sample. By testing the variances of each method it has been found that the heavier sample method for soils is better suited for detecting gold.

Steve Potts, P. Geo, VP of Exploration is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.

COMMANDER trades on the TSX Venture Exchange under the symbol "CMD". For additional information, please visit the Company's website at http://www.commanderresources.com.

On behalf of the Board of Directors,

Eric Norton, President & CEO

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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