🕐17.01.11 - 23:27 Uhr

Commander Resources Diverse Portfolio Set To Rise






Commander Resources Diverse Portfolio Set To Rise

Click Here for a Free Real-time Stock Quote on TSX-V: CMD

ANCHORED BY BAFFIN GOLD PROJECT: COMMANDER USES LEVERAGE STRATEGIES TO DEVELOP COMMODITY DIVERSE ROSTER OF PROPERTIES

Bottom Line Report readers will be more than familiar with the classic grainy black and white photographs of an endless line of weary prospectors struggling up impossible mountains at the peak of the Klondike Gold Rush. Today we are becoming, perhaps wearily, familiar with the market oracles telling us that there is another gold rush happening right here right now, with their breathless predictions of $2,000 per ounce gold clogging the arteries of our inboxes. Well the thing with rushes is that a lot of people get trampled.

Yesteryears shrewd prospectors and todays savvy investors will both have the experience to know when its time to step off that endless line and take a real look around. A lot of amateur prospectors froze to death wearing next to nothing and the same is likely to happen to many frantic investors. Investors who want to keep warm and not get crushed will want to provision their portfolios with a company that has its gold flagship property but is also patiently building discovery promise across a commodity diverse and geographically broad portfolio of projects. There simply arent a lot of companies out there that fit that description but one such outfit is the quietly confident Commander Resources Ltd. (TSX-V:CMD) with a resource rich portfolio strongly anchored by Baffin Island Gold Project and its multi-million ounce potential the Canada wide roster also includes Storm Copper, advanced, high grade copper opportunity in Nunavut; and Orion Gold Deposit, with a historical resource of about 100,000 ounces in Newfoundland.

Commanders Embarrassment of Resource Riches

Commander isnt the kind to rush: instead they are committed to building true and lasting shareholder value through the advancement of the companys almost uniquely varied package of projects. This really is a distinctly diversified junior, applying strong project generation and varied leverage strategies toward multiple discoveries with exposure to the hot commodities that developing economies crave, including gold, copper, zinc, nickel, and lead.

Many other juniors who have multiple properties focused on multiple metals often seem to be putting chips on every number on the wheel by spreading projects almost at random across the globe without a coherent strategy to develop them. Commander is different: Canucks through and through, every single one of their properties is located in the politically stable Canadian mining jurisdiction, from the Yukon to Nunavut to Newfoundland. Commander have been focused on striking smart deals with operators like AngloGold Ashanti, the worlds fifth largest gold producer, to do the heavy lifting on Baffin Island while using the time with money in the bank to hammer out other deals to start drill and work programs on their Orion Gold, Storm Copper and Hermitage Uranium projects.

An outfit with as diverse and complex a stable of projects as this needs a steady hand and Commander is guided by Eric Norton who comes to the company after more than 30 years with Teck Resources Ltd. They have the strategy, they have the team and they certainly have the properties to prosper. With projects that span the country, each with multiple drilling seasons, Commander plans on a steady flow of news in the coming year and they will likely be commanding a lot more investor attention in the months to come.

Commander Resources Highlights

Rare commodity Diversity: gold, copper, zinc, nickel, and lead projects Anchored by 100% owned Baffin Island gold project: large district scale iron formation with multi-million ounce gold potential An Aggressive exploration program funded by AngloGold Ashanti in 2010 on Baffin and Anglos commitment to the 2011 exploration season Work begun on the Orion gold project with Maritime Resources Corp. (MAE-TSX.v) including 4,000 metres of diamond drilling, beginning January 2011; Commander owns 12 million shares of MAE Developing Storm Copper project to come online to serve Chinas surging needs Aggressively seeking joint venture partners to develop resource diverse property portfolio Committed to building value through a varied portfolio of properties using leverage strategies to reduce shareholder dilution Well funded with approximately $1 million in cash and $1.6 million in working capital All projects located in politically stable Canada Properties with multiple drilling seasons guarantee continuous news flow Early investment opportunities in multi-commodity juniors disappearing quickly

Commander Aims To Be Ready When World Realizes It Needs More Ore Than Gold

You cant heat your home with gold and despite its glitter and glow you cant light the world with it. In fact you cant really do much of anything with gold. As the developing worlds already insatiable appetite for base metals such as copper, nickel and lead becomes more and more desperate the juniors like Commander who have been patiently developing commodity diverse portfolios will be there to fill that need. And as we get over our atavistic atomic aversion and realize that we will need to have nuclear power as part of our energy mix in order to power our future demand for Uranium will soar as well. Well Commanders arsenal of weapons includes all of the above. The worlds commodity shortages are accelerating and in the last decade there have been few large-scale mineral discoveries made and of course even less prospects ready for production. This is of where Commander comes in who are driving toward discovery on all these fronts.

Commanders Commodity Diverse Project Portfolio

Baffin Island Gold Project, Nunavut:
The Baffin Island Project is Commanders anchor project and with a AngloGold 2010 drill program completed the company committed to a 2011 exploration program to expand upon those initial results. Its clear that when a producer like AngloGold Ashanti comes on board a project like Baffin there is something worth taking a closer look at.

As Commanders CEO Eric Norton told The Bottom Line Report "They certainly validated the project by coming in and doing this deal in 2009it was a real vote of confidence. Norton goes on to sum up what he believes to be the potent potential of the Baffin project stating "Baffin has huge potential for us" with 2010s drill results showing " 12 holes in a line over 2.5 km strike line and almost all those holes had gold in them� we really believe there is a sweet spot there"

The 2010 exploration program at the Baffin Gold project was funded by AngloGold Ashanti under the terms of the $20 million option agreement signed with Commander in 2009. Speaking of the deal Norton pointed out "AngloGold will spend 20 million dollars to earn in for 51% if they spend $19 million and walk away with nothing they get zero. But we have $19 million worth of work on the property and advanced the property at no cost to us."

Baffin Island Gold Project Property Detail
The Baffin Gold project consists of claims and licenses covering a 140 km strike length of Lower Proterozoic volcanics and sediments that are host to numerous prospective gold showings. Two major orogenic gold deposit settings are exhibited, iron formations, such as the giant Homestake mine, and arsenical sediments with rich quartz veins.

A drilling program consisting of 5,557 m of drilling in 32 holes was completed in 2010 at the Baffin Gold project at two prospects - Malrok and Kanosak. At Malrok, drilling targeted the extension of high-grade gold mineralization hosted in sulphidized silicate iron formation initially defined in drill holes completed in 2004. The most significant drill results from this years work were from holes 45, 47 and 58 drilled in the South Malrok area which returned 7.65 g/t Au over 3.24 m, 5.9 g/t Au over 2.87 m and 2.92 g/t Au over 7.69 m respectively. This mineralized zone is open down-plunge to the east.

The Kanosak prospect is a large area about 4 km X 300 m in size characterized by abundant, strongly mineralized, quartz veins that intrude locally sulphidized and altered metasedimentary rocks. The 2010 drilling campaign, consisting of 13 widely spaced shallow holes over a 2.5 km strike length, represented the first drill hole testing of this prospect. Two parallel bedded units of arsenopyrite/gold enrichment were defined. Some of the better assays were 2.26 g/t over 9.39 m and 2.16 g/t over 4.21 m from holes 7 and 4 respectively. An IP survey was completed over the northern extension of the Kanosak trend, and a strong chargeability anomaly was defined along the eastern margin of the area surveyed. This area is untested by drilling, and is a priority for future work. This years drilling has confirmed that a large gold bearing system is present over the entire strike length exceeding 2.5 km. Future work will be aimed at locating the areas of enrichment and defining targets in this area.

Other prospective gold zones ready for further evaluation are the Ridge Lake and Durette prospects. Drilling at Ridge Lake in 2005 and 2006 encountered significant gold intervals including 21.4 g/t Au over 4.24 m and 10.2 g/t Au over 4.5 metres. At Durette, narrower zones of high grade gold were encountered in a very thick, altered iron formation that continues into a shallow lake. Detailed geophysics is planned in both areas prior to further drill testing.

Regional prospecting continued to discover new occurrences of gold mineralization in the Kanosak area and beyond. A total of 27 rock samples from mostly outcrop yielded greater than 1 g/t Au, and 6 samples reported greater than 5 g/t Au. The best sample was taken from the Kanosak area, and returned 226.3 g/t Au.

Commander has been informed by AngloGold Ashanti of its intention to proceed with funding a 2011 exploration program on Commanders wholly owned Baffin Island Gold Project, Nunavut. The program and budget allocations are being designed in consultation with Anglos technical team and will be finalized early in the New Year. The program will be operated by Commander and financed by AngloGold Ashanti under the terms of the farm-in JV Agreement.

Commanders Compelling Commodity Diversity

Storm Copper Property, Nunavut:
This 100% owned high-grade copper property is situated close to the Northwest Passage shipping lanes in Nunavut. Previous drilling in the 1990s by Teck Resources Ltd. encountered up to 53 metre core intervals grading 5.05% copper in widespread breccia zones. Four separate copper prospects were discovered over a 7 km x 2 km area, the largest of which is 400 metres by 1,000 metres, open in all directions. As copper is held within favourable mineralogy, a very high-grade concentrate can be prepared here. The copper mineralization is located on a 20 km regional structure that at its western end hosts a small zinc deposit that is also covered by Commanders holdings. The majority of the regional structure is un-explored.

Hermitage Uranium Property, Newfoundland:
The company acquired a large land position in southern Newfoundland in 2005. Seven known uranium prospects in the Blue Hills area were optioned from local prospectors and a large land package was staked to cover potential host rocks over a 100 kilometre strike extent. Airborne radiometric surveying followed by prospecting resulted in the discovery of two more clusters of uranium showings 40 km east and 35 km west of Blue Hills. A total of 27 uranium prospects are now held by the Company in the Blue Hills, White Bear River and Strickland areas.

Uranium mineralization is hosted in five different geological settings, including sandstone and unconformity hosts. Exploration work was completed in 2006 and 2007 with encouraging results, but with the collapse of uranium prices in recent years no further work has been done. With the current revival of uranium prices outside interest in our properties is returning as well. The properties are now being reviewed to determine the best options available.

The Commander Team:
Eric W. Norton, President & CEO
Mr. Norton comes to Commander after more than 30 years with Teck Resources Ltd., and three years with Baja Mining Corp. as Vice President, Project Development & Operations. He graduated from University of Toronto in 1974 with a B.Sc. (Honours) in Metallurgy and Materials Science and is a member of the Association of Professional Engineers and Geoscientists of BC. While at Teck he held senior positions in Operations, Commercial & Business Development, including evaluation of projects and the coordination of concentrate purchases and metal sales at the Trail smelter. His roles also included Manager, Strategic Opportunities, working with the Exploration Business Development Group & Manager, Business Development in Vancouver. In these roles he was involved in evaluation of advanced resource and development projects and acquisition targets. While at Baja Mining he led the Definitive Feasibility Study for development of the Boleo Project in Mexico, and was active in working with brokers, banks and trading companies negotiating financing and commodity product agreements.

Bernard H. Kahlert, B.Sc., P.Eng., Vice-President Exploration, and Director
Mr. Kahlert, a geological engineer, has more than three decades experience in international mineral exploration (including diamonds). Prior to joining Commander in 1990, he served as exploration manager for Amoco Minerals and Superior Oil in Australia, Canada and USA, as well as a consulting geologist for junior and major companies.

David Watkins, M. Sc., Chairman
Mr. Watkins is an international mining executive with 40 years of experience in building and managing mining companies. He is a geologist by training whose work resulted in the discovery, acquisition, development, and operation of 15 successful gold, copper, and zinc mines in Canada, US, Chile, Peru, Australia, and Zambia. His experience includes managing a number of corporate mergers, acquisitions, and dispositions.

Kenneth Leigh, MSc., Director
Past President & CEO of Commander Resources from 2004 to 2010. Mr. Leigh has more than 15 years of geological, project generation, management and business experience in Canada and internationally. Prior to joining Commander, he served as a Senior Geologist with Teck Comincos Exploration Business Development Group focusing on technical, financial and risk evaluations of new advanced resource and business situations globally and providing business development support to the exploration department.

The Bottom Line On Commander Resources Ltd.

As gold has risen inexorably in value in the last decade, climbing 24% in the last year alone, investors have once again sought out the protection of golds glittering harbour, and as the global market exodus from instability grows, many junior gold exploration companies with dubious claims to value step into the breach and absorb the money fleeing from complex and unreliable investments. This has led to a run on junior gold companies and many in-box investors may be headed for a shock as golds ascending arc levels out.

It is at this critical point in the increasingly frenzied gold and commodities markets that informed investors will separate the exploration companies who are no more than a brief flash in the proverbial pan from those who are determined to build themselves, as Commander is determined to do, into a company building shareholder value through solid properties with clear discovery potential and the strategies and commitment to maximize that potential.

Looking for a company with potential gold discoveries in its pocket? Check. Looking for a company with potential copper discoveries in its pocket? Check. Uranium? Commander has that as well. The clear technical strength, depth of experience and vast network of Commanders management team support commanders strategy of building a commodity diverse portfolio developed through joint venture partnerships minimizing shareholder risk.

As those many weary investors with scant protection continue to climb that golden mountain, well-provisioned and patient buyers will want to think about layering up with the warmth of a diverse and dedicated junior like Commander.

Follow Commander Resources Ltd. (TSX-V:CMD) at

Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. The Bottom Line Report makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the Bottom Line Report only and are subject to change without notice. The Bottom Line Report assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

Click Here for a Free Real-time Stock Quote on TSX-V: CMD


Disclaimer: Vantage Communications Ltd. was paid to distribute this bulletin.
Vantage Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for VantageWire News.
Past performance of Companies mentioned does not guarantee future performance.

If you would like to opt out click here.

For more information about this service, please contact
Vantage Communications Ltd. at 1.800.574.0901
Suite 550 - 666 Burrard St, Vancouver, British Columbia V6C 3P6

This email complies with the US Federal CAN-SPAM Act of 2003




Products & Services | Jobs