Commander Resources Ltd.: High Grade Gold Zone, Baffin Island.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 9, 2003 Commander Resources Ltd. reports assays from a further 200 samples have been received from the Malrok Gold Prospect. A 150 metre wide lake channel bisects the Malrok Gold Zone splitting it into the Malrok North and Malrok South Zones. Of the 200 samples reported 57 show values in excess of 1 gram per tonne (g/T) gold (Au) including 20 which exceed 5 g/T Au and 6 which range from 11 to 55 g/T Au. The location of 15 samples with values ranging from 2.5 to 9.8 g/T Au have not yet been received from the field. Due to the numerous samples and remote location, accurate positions of most samples is not known however definitive statements can be made as follows. On the North Malrok Zone scattered Scattered Used for listed equity securities. Unconcentrated buy or sell interest. chip and channel samples extending for 700 metres from the previously reported high-grade discovery range from 5.6 g/T Au to 36.2 g/T Au. The visible gold and the very high assays reported on August 27, 2003 all came from the Malrok North Zone. On the South Malrok Zone six sample results run from 6.8 to 55 g/T Au confirming the original 2001 BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. discovery value of 45 g/T Au. The samples were taken from both the Malrok iron formations and from areas outside the iron formation considered of merit by the prospectors. Gold results reported above represent fire assays of one-half assay-ton pulverized pul·ver·ize v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. samples. Assaying is being carried out by Eastern Analytical Laboratory of Springdale, Newfoundland. Due to the presence of coarse visible gold, these results are preliminary values which will be check assayed. All sample results exceeding 3 g/T Au are being re-assayed by the metallic method and all samples ranging from 1 to 3 g/T Au will be check assayed using one assay ton 1. A weight of 29.166 + grams used in assaying, for convenience. Since it bears the same relation to the milligram that a ton of 2000 avoirdupois pounds does to the troy ounce, the weight in milligrams of precious metal obtained from an assay ton of ore gives directly the number of samples. In addition to the above, preliminary geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. results show that the iron formations hosting the gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. can be detected with both the magnetic and electromagnetic electromagnetic /elec·tro·mag·net·ic/ (-mag-net´ik) involving both electricity and magnetism. electromagnetic pertaining to or emanating from electromagnetism. methods. To date this work shows that the combined North and South Malrok Zones are well over one kilometre long in strike length. A geophysical report is awaited. Bernard H. Kahlert, P.Eng, Vice President Exploration for Commander Resources Ltd. is supervising all aspects of the exploration program. William J. Coulter, President The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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