You're receiving this email because of your relationship with Commerce Resources Corp. Please confirm your continued interest in receiving email from us.
You may if you no longer wish to receive our emails. |
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.
Forward email
|
|
|
|
Commerce Resources Corp. | Suite 1450 - 789 West Pender Street | Vancouver | BC | V6C 1H2 | Canada | |
|
Commerce Resources Corp.
|
|
EXPLORATEUR |
CODE : CCE.V |
ISIN : CA2006971006 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Commerce Resources est une société développant des projet miniers d'argent et d'or basée au Canada. Commerce Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ELDOR, BLUE RIVER - FIR, CARBOT, AU-WEN CLAIMS et CABLE CREEK au Canada. Commerce Resources est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 36,7 millions CA$ (26,7 millions US$, 25,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 mai 2007 à 1,80 CA$, et son plus bas niveau récent le 16 août 2019 à 0,04 CA$. Commerce Resources possède 293 860 000 actions en circulation. |