Commodore Reports Exploration Results on Keefers-Hannah Gold Project
Commodore Metals Reports Exploration Results
on Keefers-Hannah Gold Project
Vancouver, BC – July 16, 202 6 – Commodore Metals Corp.
("Commodore" or the "Company") (CSE: C) is pleased to report on its
exploration program on the Keefers-Hannah gold project located near Boston
Bar, B.C., approximately 130 kilometres northeast of Vancouver.
The program adheres to the exploration program recommended in the
National Instrument 43 -101 technical report that the Company filed via
SEDAR+, which was designed to further investigate previously discovered
anomalous gold values and arsenic geochemistry associated with the main
fault structure, referred to as the west structural zone. Pyrite and other
sulphides were noted in parts of the dike-like quartz veins associated with the
zone.
Commodore's exploration also focused on the Hannah East zone, which is
anomalous in gold and arsenic with a number of previous assay values ranging
from 0.48 gram per tonne to 17.1 grams per tonne gold. This zone can be
traced for approximately 150 metres (410 feet) and varies in width from two
to five metres. Previous grab samples taken in 2010 assayed up to 8.70 grams
per tonne in the quartz -arsenopyrite zone at the main East Hannah zone. In
February 2011, a total of five diamond drill holes were completed in the
Hannah East zone that exhibited structurally complex folding and intersected
several gold zones.
The Company has completed an airborne survey which showed several
significant magnetic and radiometric anomalies. The airborne results have
helped in tracing the Keefers showing, which previously produced a
representative sample reported to have assayed 1.42 pe r cent copper, 2.24
per cent nickel, 0.15 per cent cobalt, 3.77 grams per tonne platinum and 0.79
gram per tonne palladium.
Previous stripping on the Hannah East Zone exposed quartz and arsenopyrite
veins occurring along narrow shears and along limbs and folded axis of tightly
foliated, fine grain siltstones. On surface, the mineralized zone appears to vary
in width from 2 to 5 metres with an exposed strike length of approximately
150 metres. The host rock is hydrothermally altered, bleached siltstone and
phyllite carrying disseminated to massive lenses of arsenopyrite and quartz.
Some fine visible gold was noted in a narrow (two metre) shear occurring in
weathered arsenopyrite cavities. Samples collected in 2010 assayed up to
8.70 grams per tonne gold.
The genesis for the source of gold found in the East and West Hannah zones
is believed to be structurally controlled, epigenetic -mesothermal –
sedimentary-hosted orogenic type environment. The post deformation
intrusive stock located to the west and adjacent to the structures likely played
a role in the remobilization of auriferous-bearing solutions.
The assay results for samples from drill hole “Keefers Road,” which is located
further south from the Hannah East Zone, suggest that further exploration is
warranted to the south and potentially to the northwest. This is further
supported by the 2011 drill results from the Hannah East Zone as shown in
Holes HC03 and HC04 positioned about 50 meters to the north of HC01 & 2
which both intersected mineralized quartz breccias . HC03 orientated to the
east at -53-degree dip intersected the mineralized quartz breccia between
30.71-33.41 meters and carries disseminated sulphides including pyrite,
pyrrhotite and arsenopyrite. HC04 drilled to the southeast and at oblique angle
to th e trend of the Hannah zone, with a dip of -60 degrees, may have
intersected the fold hinge. Here, an interval between 35.18 -49.57 meters,
encountered sections of mineralized quartz breccia carrying disseminated
pyrite, pyrrhotite and arsenopyrite.
Commodore Metals Corp. conducted the first significant exploration north of
the Hannah East Zone in 2024 since the previous program conducted by
previous operators in 1983 to 1984 seasons. Prospecting and sampling around
drill hole KF -24-01 and approximately 75 m to the north located significant
structures and intense alteration along with the location of a very altered
granitic intrusion which may be related to the dyke material in drill hole KF -
24-01. The alteration material consisted of significant silica and carbonate
alteration on the surface of the argillaceous and graphic schist outcrop and
appears to emanate from streams flowing along fault zones. This has formed
Tufa/Travertine deposits on the host rocks. Although mineralization was
subdued, it is noted that drill hole KF -24-01 may have fallen short of
penetrating significant N -S trending fault structures to the west. The
Tufa/Travertine altered material and the altered granitic outcrop to the north
of the drill hole may represent an east-west trending fault zone structure.
During the 2024 exploration seaso n, two drill holes were undertaken along
with general prospecting and geological mapping. One drill hole, called Keefers
Road, was located south of the Hannah East Showing along the access road
to Hannah East and the community of Keefers. A small outc rop of dark grey
carbonaceous–argillaceous schist with graphitic slips parallel to schistose
bedding places and milky white quartz stringers and boudins was observed
with minor pyrite/chalcopyrite grains was located along the side of road.
Commodore completed a diamond drill program in September 2024 using a
hand operated Shaw Drill. Keefers Road Drill Hole was drilled to a depth of
3.66 m (12 ft). The drill was not oriented in a specific direction or dip angle
due the fact that the outcrop was small and rounded where exposed. The drill
core was sampled in 0.6 m increments. Core recovery was 90%. The drill core
samples were logged and split and analyzed at the ALS Laboratory located in
North Vancouver BC. A summary of the assay results is tabulated below.
Keefer Road Drill Hole Results
Sample No. Metres Gold ppb Copper ppm Nickel ppm
Keefers Road-1 0 – 0.6 90 391 55
Keefers Road-2 0.6–1.22 181 962 101
Keefers Road-3 1.22–1.83 205 716 101
Keefers Road-4 1.83- 2.44 493 642 83
Keefers Road-5 2.44-3.04 60 210 84
Keefers Road-6 3.04-3.66 275 661 82
Recommendations and Proposed Exploration Budget
The Company’s consulting geologist recommends that it initia lly extend the
airborne survey conducted in September 2025 further to the north over the
Hannah East Zone continuing north for approximately 2.5 km and westerly for
3 to 5 km.
Additionally, geochemical soil and rock chip sampling and geological mapping
should be conducted across the NNW trending reduced magnetic pole and
radiometric anomaly. A NE-SW trending grid should be established over the
area selected for geological mapping and soil sa mpling to accurately identify
sample locations.
Geochemical soil sampling and additional geological mapping is recommended
in the area, north of DDH KF -24-1, where intensely altered zone with
carbonate altered surface expression of altered graphitic schist and the altered
intrusive outcrop was located. It also recommended that additional
examination of the area between this altered zone be continued to the west
to a geochemical soil anomaly located along southeast trending portion of the
2024 drill hole KF-24-01 access road. On this road, a geochemical soil anomaly
was encountered to the east and west sides of the road 1983 geochemical
anomaly). The altered zone north of drill hole KF -24-01 may connected with
the anomalous altered zone on the SW trending access road to drill Hole KF -
24-01. Additional drilling in 2026 should be considered for this 1983 anomaly
should new sampling and mapping identify areas of further interest. Further
mapping and sampling should continue to the southeast between the 1983
soil anomaly on the DDH KF-24-01 SW trending access road to the location of
2025 drill holes KE -01-25 and KE -2-25. If results are encouraging, this
anomalous zone should also be considered for drill hole testing in 2026.
It is recommended that the following budget outline be implemented with an
additional p hase of exploration commencing in 2026. With encouraging
results, successive phases can be established. A budget estimate for a second
phase of explorations is also provided below.
Keefers-Hannah Exploration Budget For 2026
Airborne Geophysics, Magnetics & Radiometrics $20,000
Grid Establishment & Geological Mapping $12,000
Vehicle Rentals (Truck and UTV) $10,000
Accommodations $10,000
Soil and Rock Chip Sampling and Analyses $10,000
Drilling $50,000
Report $ 5,000
Phase 1 Total $117,000
Management is reviewing the recommendations and considering its next
steps.
About Commodore Metals Corp.
Commodore Mining Corp. is a Canadian mineral exploration company focused
on the discovery and development of high -value strategic minerals , with a
focus on identifying and developing assets critical to the global energy
transition. Commodore is committed to responsible exploration and value
creation through the acquisition and advancement of highly prospective
properties. The Company holds an option to acquire a 100% interest, subject
to a 2% net smelter returns royalty, in 16 mineral claims covering
approximately 2,741 hectares located in New Westminster Mining Division,
British Columbia.
Qualified Persons
The scientific and technical information contained in this news release has
been reviewed and approved by W.B. Lennan, B.Sc., P.Geo., an arm’s length
consulting geologist who is a “Qualified Person” as such term is defined under
National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI
43- 101”).
Mr. Lennan has verified the historical work described in this news release ,
which is contained in his NI 43-101 report entitled “Summary Technical Report
on the Keefers -Hannah Gold Project” dated November 30, 2024 (revised
August 6, 2025) that Commodore Metals Corp. filed via SEDAR+ on August
29, 2025.
On Behalf of the Board of Directors
Christopher Paterson
President and Chief Executive Officer
For further information, please contact:
Commodore Mining Corp.
Christopher Paterson, President
E-Mail: [email protected]
Disclaimer for Forward-Looking Information
Certain statements in this release are forward -looking statements, which reflect the
expectations of management regarding Commodore’s intention to continue to identify
potential transactions and its intention to complete the exploration program on the Keefers-
Hannah Gold Project as recommended. Forward looking statements consist of statements that
are not purely historical, including any statements regarding beliefs, plans, expectations, or
intentions regarding the future. Such statements are subject to risks and uncertainties that
may cause ac tual results, performance, or developments to differ materially from those
contained in the statements. No assurance can be given that any of the events anticipated by
the forward-looking statements will occur or, if they do occur, what benefits Commodore will
obtain from them. These forward-looking statements reflect managements’ current views and
are based on certain expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause actual results to differ materially
from those expressed or implied by the forward -looking statements, including Commodore’s
results of exploration or review of properties that Commodore does acquire. These forward -
looking statements are made as of the date of this news release and Commodore assumes
no obligation to update these forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking statements, except in accordance
with applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of
this release.