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Dear Eric,
Commerce Resources Corp. (TSXv: CCE)(FSE: D7H)(OTCQX: CMRZF) today announced the first National Instrument 43-101 compliant mineral resource estimate for the Ashram Rare Earth Element Zone at the Eldor Project in Quebec.
Highlights from today's news:
- An Inferred Resource Estimate for the deposit was determined using cut-off grades of 1.00%, 1.25% (base case) , 1.50% and 1.75% Total Rare Earth Oxides ("TREO") and an average specific gravity of 3.00g/cc
- Using a base-case cut-off grade of 1.25%, the Ashram Zone hosts an Inferred Resource of 117.34 million tonnes grading 1.74% TREO
- SGS Canada Inc. - Geostat has recommended an aggressive exploration and development program to rapidly advance the project. A winter drill program has just commenced.
Click Here to Read the Complete News Release
Regarding the resource estimate, Mr. Dave Hodge, President stated, �This large tonnage, initial resource estimate is a significant milestone for Commerce and the Eldor Project. The resource confirms the importance of the project and puts Commerce in a unique and attractive position in that we control one of the largest rare earth deposits with NI 43-101 compliant resources outside of China. We intend to continue to advance the project rapidly with the aim to expand the deposit and continue to define zones of enrichment in the middle and heavy rare earths that are unique for these deposit types.�
For more information on Commerce Resources Corp.:
Following your review, if you have any questions, feel free to contact me at 604.484.2700 or toll free at 866.484.2700.
Sincerely,
Chris Grove
Corporate Communications
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Disclaimer: This email does not constitute investment advice. Commerce Resources Corp. provides investor relations materials for convenience and information only.
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Commerce Resources Corp. | Suite 1450 - 789 West Pender Street | Vancouver | BC | V6C 1H2 | Canada | |
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Commerce Resources Corp.
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EXPLORATION STAGE |
CODE : CCE.V |
ISIN : CA2006971006 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Commerce Resources is a silver and gold development stage company based in Canada. Commerce Resources holds various exploration projects in Canada. Its main exploration properties are ELDOR, BLUE RIVER - FIR, CARBOT, AU-WEN CLAIMS and CABLE CREEK in Canada. Commerce Resources is listed in Canada and in Germany. Its market capitalisation is CA$ 32.3 millions as of today (US$ 23.8 millions, € 21.5 millions). Its stock quote reached its highest recent level on May 11, 2007 at CA$ 1.80, and its lowest recent point on August 16, 2019 at CA$ 0.04. Commerce Resources has 293 860 000 shares outstanding. |