Business
Commander and Fjordland Announce 2018 Drill Program at South Voisey's Bay Nickel Project, Labrador
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2018) - Commander Resources Ltd. (" Co...
About this update from Fjordland Exploration Inc.
[{"type":"text","content":"Commander and Fjordland Announce 2018 Drill Program at South Voisey's Bay Nickel Project, LabradorVancouver, British Columbia--(Newsfile Corp. - March 4, 2018) - Commander Resources Ltd. (\"Commander\") (TSX-V: CMD) is pleased to report that its project partner Fjordland Exploration Inc. (\"Fjordland\") (TSX.V: FEX) will fund a minimum $1,200,000 exploration program on the company's South Voisey's Bay nickel-copper-cobalt project (the \"SVB Property\") located 80 kilometres south of Vale's Voisey's Bay nickel mine in Labrador, Canada. Fjordland's funding will be provided by its strategic investor, High Power Exploration Inc. (\"HPX\").The large 29,400 Ha SVB Property is located in central Labrador 80 kilometres south of Vale's Voisey's Bay Nickel mine and covers parts of the Pants Lake Gabbro Complex. Fjordland recently completed a 1469 metre drill program in which hole 17-6 returned a 3.9 metre interval of semi-massive to massive sulphide comprised of pyrrhotite, pentlandite and chalcopyrite grading 0.37% nickel, 0.27% copper and 0.1 % cobalt at the base of the Worm Gabbro within a sequence of troctolite. Borehole Electro-Magnetic (BHEM) data, collected by Crone Geophysics in November, defined several extremely high conductivity targets in particularly in holes 17-6 and 17-7 where a strong conductor was associated with the intersected sulphides, and an even stronger non-decaying off-hole conductor. (see news release dated January 18, 2018 and the accompanying QA/QC statement) Drilling in 2017 was centred on modeled conductors derived from re-processed historical UTEM-3 surveys conducted in 2002 and 2014. Targeting incorporated recent geological concepts being successfully applied at the Voisey's Bay Mine wherein structure plays an important ore control role and where massive sulphide accumulations may also occur in wall rock structures. Ongoing processing of historical geophysical surveys completed by previous project operators and aided by recent improved geological insights derived from the recent drilling has outlined numerous untested conductors throughout the property and will form the basis of the 2018 drill program.Fjordland currently has a 35% project interest. Under the terms of the Commander/Fjordland option agreement, announced on June 5, 2017, Fjordland may earn up to a 100% interest in the property by paying Comman...