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Commander Resources Ltd (3)
Symbol CMD
Shares Issued 35,300,772
Close 2018-11-08 C$ 0.10
Market Cap C$ 3,530,077
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Commander completes airborne survey on Sabin project

2018-11-08 14:13 ET - News Release

Mr. Robert Cameron reports

COMMANDER COMPLETES AIRBORNE SURVEY ON SABIN ZINC PROPERTY, ONTARIO

Commander Resources Ltd. has completed an airborne versatile time domain electromagnetic survey on the Sabin zinc-copper-silver-gold volcanogenic massive sulphide (VMS) project located in Northwestern Ontario, Canada, about 10 kilometres north of the community of Savant Lake. The Sabin zinc property is in the Sturgeon Lake greenstone belt, host to significant polymetallic VMS deposits including the past-producing Sturgeon, Mattabi, Lyon and F VMS mines. Mining ceased in the belt in 1991.

The airborne survey consisted of 370 line kilometres of electromagnetic and magnetic surveying by Geotech Ltd. of Aurora, Ont., using its latest generation VTEM plus system. Results are expected by year-end. This is the first modern deep penetrating geophysical survey to be flown on the property.

The Sabin zinc property was first worked by Union de Miniere Exploration (UMEX) in the 1970s. Initial work by UMEX led to the discovery of the Marchington zone where shallow drilling on 15-metre centres outlined a historical near-surface resource from 15 m to 61 m depth.

            MARCHINGTON ZONE HISTORIC RESOURCE 
                 (NON-NI 43-101 COMPLIANT)

123,000 tonnes    2.9% Zn    0.7% Cu    1.3% Pb    56 g/t Ag 

The Marchington zone resource was defined by UMEX (based on internal company documents dated June 19, 1980), is historic in nature, is the most recent resource estimate currently available and is not to be relied upon except to provide an indication of exploration potential on the property. It was calculated by exploration professionals working for a major company widely reputed as competent, utilizing methodology accepted and relied upon as standard industry practice at the time, but is not compliant with National Instrument 43-101 standards. The reader is cautioned that a qualified person has not done sufficient work to classify this historical estimate as current resources and Commander is not treating it as a current mineral resource.

In addition to the Marchington zone horizon, three additional partially drill tested zones have been identified including the Kash, South and S-23 zones. The core of the Sabin property is underlain by intermediate and felsic volcanic units that exhibit widespread alteration comprising garnet, staurolite, sillimanite and sericite metamorphic mineralogy. Characteristics of the Sabin and Sturgeon Lake deposits include high zinc and silver values with low conductivity. Gold was not consistently analyzed but sporadic assays suggest elevated potential. The company has recently compiled a large exploration data set for the first time. The last major exploration program on the property was a limited three-hole campaign by Noranda in 1995.

Commander (formerly Major General) acquired the property through a purchase agreement with UMEX in 1990 and holds a 100-per-cent interest in the property except for two small internal claim parcels that are subject to a participating interest with Glencore Canada Corp. (formerly Noranda) who currently hold 41.5 per cent and 33.3 per cent. UMEX retains a 2.5-per-cent net smelter return royalty over the property that will be reduced to 1 per cent following $225,000 of royalty payments.

Robert Cameron, PGeo, is a qualified person within the context of National Instrument 43-101, and has read and takes responsibility for the technical aspects of this release.

About Commander Resources Ltd.

Commander Resources is a Canadian-focused exploration company that has leveraged its success in exploration through partnerships and sale of properties, while retaining equity and royalty interests. Commander Resources has a portfolio of base and precious metal projects across Canada and significant equity positions in Maritime Resources Corp. and Aston Bay Holdings. Commander Resources also retains royalties from properties that have been partnered, optioned or sold.

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