1、 2011 CMD:TSXV www.CommanderR ANNUAL REPORT UraniumVancouverTorontoSt.JohnsIqaluitSTORMCuOMINECACu-Au-MoNickelAu RoyaltiesBAFFIN ISLANDGold Zn-CuZn-Pb-CuDiamond RoyaltiesGREEN BAYAuOLYMPICCu-Au-UGLENMORANGIEAuSTUMP LAKEAuYUKONB.C.NUNAVUTNEWFOUNDLANDCANADA FOCUS2012 Commander is committed to a long-t
2、erm business strategy designed to deliver significant returns on investment for shareholders through the use of in-house exploration expertise and by leveraging its broad property base to engage the contribution and expertise of selected partners,while maintaining either direct property positions or
3、 significant equity positions in partner companies.This strategy was well demonstrated by the work completed in 2011.In spite of a challenging year,we advanced our two northern projects,Baffin Island gold and Storm copper,through option agreements with partners while focusing our own personnel and f
4、unds on our projects in more accessible and affordable areas.Two new exploration properties were acquired in 2011.In June we negotiated an option agreement for a package of claims located in the Watson Lake mining district in the Yukon.We also staked additional claims covering approximately 5,800 ha
5、 over a 20 km strike length.The Glenmorangie gold property offers Commander the opportunity to gain a position in an exciting gold region,which is accessible and has a known gold bearing trend.Work in 2011 identified two anomalous gold zones with values of up to 4.5 g/t gold in grab rock samples and
6、 anomalous soil values of up to 106 ppb gold.Additional ground work and a possible airborne survey are planned for 2012 to define drill targets.Commander also acquired the Stump Lake gold property,a package of claims located in Southern BC.The property is well-located,with good road access and year-