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Dear Eric,
Commerce Resources Corp. (TSXv: CCE)(FSE: D7H)(OTCQX: CMRZF) today announced an updated resource estimate for the Ashram Rare Earth Element Deposit at the Eldor Project in Quebec..
Highlights from today's news:
- SGS Geostat has determined a base case Inferred mineral resource of 219..8 million tonnes containing 1.88% TREO, an Indicated mineral resource of 27.7 million tonnes containing 1.90% TREO, and a Measured mineral resource of 1.6 million tonnes containing 1.77% TREO
- The deposit includes a near-surface zone of middle and heavy rare earth element enrichment; most significantly in neodymium, europium, terbium, dysprosium, and yttrium
- The selected base case resource model provides the foundation for a Preliminary Economic Assessment, which is nearing completion under the direction of SGS Geostat .
Click Here to Read the Complete News Release
"The SGS Geostat Resource Estimate for the Ashram Deposit is further confirmation that we are defining one of the largest rare earth element deposits in the world,� said Mr. Dave Hodge, President. �With the delineation of a middle and heavy rare earth zone from surface, we are excited by the potential of the project to provide light, middle, and heavy rare earth oxides to the market. We are eagerly awaiting the results of SGS Geostat�s PEA..�
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$ 36.7 millions as of today (US$ 26.9 millions, € 25.2 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. |