- Commander Resources (CMD) has commenced an initial 1,000-metre drill program at its Burn Copper and Gold porphyry project in British Columbia
- Freeport-McMoRan Mineral Properties Canada Inc. is earning into the Burn Property, and Commander is the operator of the project
- Commander has expanded the Burn Property through an option agreement allowing Commander to acquire a 100-per-cent interest in two claims
- Commander Resources is a Canadian-focused exploration company
- Commander Resources Ltd. was unchanged at $0.095 at 1:06 PM ET
Commander Resources (CMD) has commenced an initial 1,000-metre drill program at its Burn Copper and Gold porphyry project in British Columbia.
Freeport-McMoRan Mineral Properties Canada Inc. is earning into the Burn Property and Commander is the operator of the project.
Furthermore, Commander has expanded the Burn Property through an option agreement with private tenure holders allowing Commander to acquire a 100-per-cent interest in two claims totalling 127 hectares.
The Burn Property, which covers 17,675-hectare property, is located 100 km north of Smithers, British Columbia and was acquired directly by Commander in 2018 to cover prominent gossans exposed along ridges.
The Burn Property is located within the Babine Porphyry belt 70 km north of two past-producing mines at Bell and Granisle.
Initial work at Burn in 2018 identified widespread phyllic-style alteration with trace amounts of chalcopyrite.
There is no record of previous geophysical surveys or drilling.
A property-wide sampling program of stream sediment sampling, soil and rock sampling, and geological mapping has identified four alteration zones, of which the largest is referred to as the Central zone.
The Central zone, the focus of this year’s drill program, is underlain by numerous phases of feldspar-biotite-hornblende monzonite and quartz monzonite dykes and stocks exhibiting alteration from chlorite to chlorite-magnetite and moderate quartz-sericite-pyrite (QSP) to intense QSP with local quartz veinlets.
Commander has been granted the right and option to acquire a 100-per-cent interest in seven mineral tenure cells (127 ha.) from private vendors on certain terms.
Freeport has been granted the right to earn up to a 75-per-cent interest in the Burn Property through staged-option payments and work expenditures.
Commander Resources 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.
Freeport-McMoRan Mineral Properties Canada Inc. is a wholly-owned subsidiary of Freeport-McMoRan, a leading international mining company with headquarters in Phoenix, Arizona.
Commander Resources Ltd. was unchanged at $0.095 at 1:06 PM ET.
