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Commerce Resources Corp. Intersects 325.31m of 1.96% TREO, and 90.38m of 2.21% TREO at the Ashram Deposit, Northern Quebec
Dear Eric,
Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (OTCQX: CMRZF) today announced the results for four additional drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Zone at the Eldor Project in Quebec.
Significant rare earth element mineralization continues to be intersected at surface down to considerable depths.
Highlights are as follows:
- Drill Hole EC11-084: 325.31m of 1.96% Total Rare Earth Oxides (TREO)
- Drill Hole EC11-085: 144.52m of 1.94% TREO
Click Here to Read Today's News Release
Updated Mineral Resource Estimate
An updated block model and resource estimate with accompanying technical report under the supervision of SGS Geostat is currently underway using mapping and drill data from the 2011 winter and summer/fall campaigns. The initial, and current, resource includes only 12 holes (3,313 m) completed in 2010, leaving 33 holes (12,379 m) yet to be incorporated into the model.
For more information on Commerce Resources Corp:
Following your review, if you have any questions, feel free to contact investor relations at 604.484.2700 or toll free at 1.866.484.2700.
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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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. |