Source: Commander Resources Ltd.
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  • Commander Resources (CMD) partner Fjordland (FEX) has concluded the drilling program at South Voisey’s Bay nickel copper-cobalt project in Labrador
  • The original plan was to complete up to 2,500m of diamond core drilling by the fall, but operational and safety issues reduced it to approximately 500m
  • Drill hole 22-001 targeted the Worm gabbro and reached a target depth of 420m
  • Fjordland has a vested 75-per-cent interest in the SVB Property and may acquire up to a 100-per-cent interest
  • Commander Resources Ltd. is a Canadian-focused exploration company
  • Commander Resources Ltd. (CMD) is down 11.111 per cent, trading at $0.08 at 3:45 PM ET

Commander Resources (CMD) project partner Fjordland Exploration (FEX) has concluded the drilling program at the South Voisey’s Bay nickel copper-cobalt project.

The program operated out of the community of Hopedale, Labrador.

The original plan was to complete up to 2,500m of diamond core drilling by the fall, but operational and safety issues reduced it to approximately 500m.

“This year’s program was the first significant exploration program since the 2017 and 2018 field seasons, and the addition of Dr. David Corrigan, who recently retired from the Geological Survey of Canada, has greatly enhanced our understanding of the exploration potential of the area,” noted James Tuer, Fjordland’s CEO.

“A number of samples and field observations have been collected to help us surmise the ultimate source of the nickeliferous rocks found in previous surface samples and drill core, but unfortunately, a number of these targets remain untested due to the poor performance of the drill program,” he added.

Drill hole 22-001 targeted the Worm gabbro and reached a target depth of 420m.

It was designed to test a modelled conductor plate at between 250m and 300m downhole and a modelled density high starting at 400m.

Gabbro was intersected between 206m and 260m, followed by paragneiss.

Another section of gabbro was intersected from 400m to the end of the hole. Drill hole 22-002 also targeted a strongly modelled conductor plate at 300m; however, the hole was terminated at 60m.

The company intends to announce a plan for future work once assays have been received and the program has been reviewed by the partners.

Fjordland has a vested 75-per-cent interest in the SVB Property and may acquire up to a 100-per-cent interest.

Fjordland can acquire the 100-per-cent interest by making additional combined cash payments of $250,000 to Commander, completing an additional $5.0 million in exploration expenditures, and issuing to Commander an aggregate of 3.0 million shares of Fjordland.

Commander Resources Ltd. is a Canadian-focused exploration company that has leveraged its success in exploration through partnerships and the sale of properties while retaining equity and royalty interests.

Commander Resources Ltd. (CMD) is down 11.111 per cent, trading at $0.08 at 3:45 PM ET.


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