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Dear Eric,
Commerce Resources Corp. (TSXv: CCE)(FSE: D7H)(OTCQX: CMRZF) is pleased to report the assay results for the first four of seven drill holes completed during the 2011 winter drilling program at the Ashram Rare Earth Zone at the Company's Eldor Project in Quebec.
The highlight is EC11-048 which intersected rare earth mineralization over its entire length returning 2.10% TREO over 586 metres including 36 metres of 3.00% TREO. EC11-048 is the best hole reported to date in terms of grade and thickness with seven sample intervals returning greater than 4% TREO to a peak value of 9.88% TREO. The hole ended in mineralization as the depth limitations of the drill were reached.
Click Here to Read Today's News Release
Click Here to View the Winter Drill Plan Map
Commerce will be continuing exploration and drilling at the Eldor through the summer in combination with metallurgical work with the aim to collect the data necessary to complete a Preliminary Economic Assessment for the Ashram Deposit. Details of the summer work program will be provided upon receipt of the final assays from the winter program.
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 1.866.484.2700.
Sincerely,
Chris Grove
Corporate Communications
Tel: 604.484.2700
Toll Free: 866.484.2700
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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VanEck Vectors Global Alternative Energy ETF
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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 7.1 millions as of today (US$ 5.2 millions, € 4.7 millions). Its stock quote reached its highest recent level on May 11, 2007 at 1.80, and its lowest recent point on August 16, 2019 at 0.04. Commerce Resources has 47 442 200 shares outstanding. |