CMD Commander Resources Ltd

Commander Resources Ltd. (TSX VENTURE:CMD) ("Commander") reports that following
the receipt of encouraging results of this year's work on the Sabin Property, it
has acquired, by staking, a large area of land covering the strike extent of
rock formation hosting geochemical anomalies and gold, silver and base metals
mineralization adjacent to Commander's Sabin property in Ontario. The newly
staked area covers an approximate 26 km x 6 km W-E trend of the Savant Lake
Greenstone belt, which forms the northern limb of the prolific Sturgeon Lake
greenstone belt, host to past producers of base and precious metals deposits.


The new claims, collectively named the "Houghton Lake Property" ("Houghton
Lake") were acquired by a syndicate led by Commander. A syndicate of private
individuals was assembled by Commander to fund the staking program in order to
minimize cost to shareholders while maintaining significant exposure to the
upside potential of this opportunity. Under this structure, Commander will own
40% of Houghton Lake and will manage all future work programs. The syndicate has
no ownership rights to Commander's adjacent Sabin Property.


The rationale for the acquisition is as follows:



--  Commander adds a strategic land package in an area of increasing
    exploration activity and adjacent to its existing Sabin holdings -
    becomes the dominant land holder in the greenstone belt.
--  Historical work was mainly for base metals and not gold.
--  The property has year-round access and is in close proximity to paved
    roads and power in an area of historic mine operations.
--  Low acquisition cost and potential to carry out value-added exploration
    at a low cost.



Recent research of private and public exploration records by Commander has shown
that a number of drill hole intersections and grab samples located on the Savant
Lake Greenstone belt assayed from 2 to 6 g/t gold. This formation underlies the
Company's Sabin property and extends westward along Ontario highway #518.


Gold mineralization located to date is hosted in both the local volcanic
sequences as well as smaller granitic bodies situated within the Greenstone
belt. Structurally, gold appears to be associated with northeasterly trending
shear zones which occur throughout the newly acquired property. One of the
strongest N-E structures forms the axis on the Sabin property where the volcanic
stratigraphy flexes from trending north-south to east-west.


Competitor activity in the area has also focused on gold targets within this
prospective district. The large new property acquired by Commander will allow
the Company to undertake methodical exploration in an area which has previously
been under-explored for gold.


The Sabin property is known to host a base metal deposit, with significant
precious metals credits (see CMD News dated December 17, 2012 for more
information).


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,

Bernard Kahlert, P.Eng., V.P. of Corporate Development

FOR FURTHER INFORMATION PLEASE CONTACT: 
Commander Resources Ltd.
Cathy DiVito
Investor Relations
Toll Free: 1-800-667-7866 or (604) 685-5254
(604) 685-2814 (FAX)
info@commanderresources.com
www.commanderresources.com

Commander Resources (TSXV:CMD)
Historical Stock Chart
From Oct 2024 to Nov 2024

Commander Resources (TSXV:CMD)
Historical Stock Chart
From Nov 2023 to Nov 2024