Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Commerce Resources Corp.

Publié le 27 janvier 2011

Intersects 2.30% TREO over 172.89 m at the Eldor Property, Quebec and up to 45% Heavies

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Lanthanum |

 

Commerce Resources intersects 2.30 treo over 172.89 m at the eldor property quebec and up to 45 heavies

 

 

 

 

 

Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report that it is in receipt of analytical results for the remaining five holes from the 2010 drill program at the Ashram Rare Earth Zone. The Ashram Rare Earth Zone is located at the Company's wholly-owned Eldor Project within northern Quebec. Highlights are as follows:

Drill hole EC10-045: 309.18 metres of 1.99% Total Rare Earth Oxides ("TREO"), including 172.89 m of 2.30% TREO.

Drill hole EC10-044: 239.66 metres of 1.78% TREO, including 71.11 m of 2.19% TREO, with heavy and middle rare earth oxide contents of individual samples up to 45.3%.

Importantly, the middle to heavy rare earth oxide (MREO, HREO) enriched zone previously identified in EC10-047 (see news release dated November 24, 2010) is evident 110 metres to the east in EC10-044 with 15.7% MREO+HREO over 55.56 m.  This interval includes 19.8% over 17.13 m with a peak value of >45% MREO+HREO. Grades of TREO within the enriched zone range from 0.75 to 2.20%. The enriched zone is also evident in EC10-045 with 13.2% MREO+HREO over 19.0 m. MREO is defined as samarium through gadolinium and HREO as terbium through lutetium plus yttrium.

It appears that rare earth element ("REE") fractionation has occurred during the emplacement of the rare earths at Ashram, resulting in pods or zones of MREO and HREO enrichment. This is very unusual for carbonatite-hosted REE bodies as they are typically light rare earth enriched, with only minor credits of the valuable heavy rare earths. The discovery of an enriched, near surface, middle and heavy REE zone at Eldor is significant and its delineation a priority for future drilling.

Complete results are as follows:

Hole #

From (m)

To (m)

Interval (m)

TREO (%)

EC10-045

5.30

314.48

309.18

1.99

incl.

121.39

294.28

172.89

2.30

or

195.61

249.00

53.39

2.51

EC10-044

3.00

242.66

239.66

1.78

incl.

158.54

229.65

71.11

2.19

EC10-043

10.68

378.51

367.83

0.88

incl.

55.88

105.12

49.24

1.22

EC10-042

9.48

286.78

277.30

1.13

incl.

32.64

95.18

62.54

1.60

incl.

208.92

215.16

6.24

2.09

EC10-039

1.00

348.96

347.96

0.86

incl.

251.69

348.96

97.27

1.27

* All samples were analyzed by Activation Laboratories of Ancaster, ON using its method eight -- major oxide, rare earths and trace element package by fusion ICP and ICP/MS.  Fluorine analysis is being compiled.  The four most abundant REEs that make up the TREO reported above are cerium, lanthanum / neodymium and praseodymium. 

The 2010 drill program at the Ashram Rare Earth Zone consisted of 12 holes totalling 3,312.67 metres. REE mineralization occurs within an area measuring in excess of 650 m east-west, by 350 m north-south, to depths of 365 m.  The mineralization remains open to the north, south, east, at depth, and is not fully constrained to the west.

A 43-101 compliant resource estimate, based on the first 12 holes at the Ashram Rare Earth Zone, will be forthcoming from SGS Geostat Ltd. ("SGS") of Montreal, Quebec. All exploration data has been delivered to SGS and a property visit has been completed. It is anticipated that the resource estimate will be completed within the first quarter of 2011 and will be reported as soon as it is received.

In addition, Cartwright Drilling Inc. out of Goose Bay, Labrador has been contracted to conduct a minimum 3,000 metre winter drill program at the Ashram Rare Earth Zone with a drill rig capable of attaining depths in excess of 600 metres. The drill program is expected to begin at the end of February and continue for as long as the weather permits. Vertical holes from the pond in the centre of the zone will target the depth extension of the mineralization and define its eastern and northern boundaries. Based on exploration to date, the highest grades and the enriched MREO+HREO zone appear to be within the northeastern margins of the deposit.

The Company has also retained Roger Mitchell of Lakehead University in Ontario to conduct a preliminary mineralogical investigation of the REE mineralization at the Ashram Zone.

Complete analytical results for all of the holes drilled to date at Ashram, as well as a drill plan map, will be available at: http://www.commerceresources.com/s/Eldor.asp

Additional Details on Holes EC10-039, 042, 043, 044 and 045

Drill holes EC10-044 (230° azimuth, 45° dip) and EC10-045 (vertical) were located approximately 110 m east of EC10-047 and 80 m north-northwest of EC10-028. They were collared from the same pad, intersecting mineralization directly from surface and continuing over their entire lengths.

EC10-045 returned one of the thickest 2+% TREO intersections to date with mineralization increasing with depth (final sample assaying 2.36% TREO). EC10-044 followed a similar pattern.

The two holes continue to reinforce the deposit's potential for vast, near surface tonnages of REE mineralization, and confirm the presence of a significant near surface "pod" of MREO+HREO enrichment.

Drill holes EC10-042 (230° azimuth, 45° dip) and EC10-043 (50° azimuth, 45° dip) were collared from the same pad and are located approximately 160 metres east of EC10-029. A contact occurs near the collar as EC10-042 encountered A-Zone type material from surface while EC10-043 encountered a very heterogeneous breccia unit comprised of A and B zone, or similar, type lithologies. This unit is interpreted to be a late-stage, hydrothermal breccia with common fluorite and variable clast size.

EC10-039 (230° azimuth, 75° dip) tested the focus of the magnetic low that defines the Ashram Rare Earth Zone. It ended prematurely at 348.96 m and did not adequately test the target as the drill reached its maximum depth capabilities. TREO mineralization is less consistent down hole compared to EC10-043; however, TREO content increases with depth and the final 6.42 m returned 1.72% TREO.

Initial drilling at Ashram interpreted a cone-shaped deposit model with A-Zone material occupying the centre, rimmed on the outside by the B and BD zones respectively. Additional drilling suggests a lopolith-like ("bowl shape") body; however, its base has yet to be penetrated and the deposit remains open at depth. Given the geological model, drill holes EC10-044 and 045 are considered near to true thickness, while EC10-039, 042, and 043 are considered apparent. 

Drill data to date supports a TREO grade increasing to the north where the deposit remains open. Grade also appears to increase with depth as evidenced by EC10-027, 028, 044, 045, 046 and 047. 

The Eldor Property covers a carbonatite complex located within the central Labrador Trough approximately 130 km south of the town of Kuujjuaq. The property is 100%-owned by Commerce and encompasses 404 claims totalling approximately 19,006 hectares.

Sufficient working capital is available to complete all of the Company's development and exploration plans. The Company currently has approximately $11 million in cash and investments.

Change of Auditor
The Company also announces that it has changed auditors.  At the request of the Company, BDO Canada LLP ("BDO") has resigned as auditor of the Company and Chang Lee, LLP, Chartered Accountants ("Chang Lee") have been appointed.  The Audit Committee and Board of Directors of the Company have approved the appointment of Chang Lee as Successor Auditor. 

There were no reservations in BDO's reports for the two most recently completed fiscal years or for any period subsequent to the most recently completed period for which an audit report was issued and preceding the date of the BDO's resignation.  There were also no reportable events between the Company and BDO or between the Company and Chang Lee. 

In accordance with National Instrument 51-102, a Notice of Change of Auditor together with the required letters from the Former Auditor and the Successor Auditor has been filed via SEDAR.

NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on tantalum, niobium and rare earth element deposits with a potential for economic grades and large tonnages. The Company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit in British Columbia and is also exploring its Eldor Project in northern Quebec and the Carbo Project in northern British Columbia.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

David Hodge
President and Director
Tel:604 484 2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release may contain forward-looking information and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking information is based on the opinions and estimates of management and its consultants at the date the information is given.  It is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Information is based on reasonable assumptions which include but are not limited to the timing and content of the resource estimate on the Eldor Property, upcoming work programs as well as geological interpretations of the Eldor Property.  Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. 

The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

 

 

 

Commerce Resources Corp.

EXPLORATEUR
CODE : CCE.V
ISIN : CA2006971006
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez 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 58,8 millions CA$ (47,0 millions US$, 41,2 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.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de Commerce Resources Corp.
01/07/2016has closed the first tranche of its previously announced fin...
Nominations de Commerce Resources Corp.
23/04/2008Announces New Board Appointment
Projets de Commerce Resources Corp.
20/09/2016update on the 2016 field program currently underway at its 1...
04/12/2013from the Ashram Rare Earth Element Project
05/11/2013Invitation to the Edelmetall- & Rohstoff-Messe 2013
13/09/2013on 2013 Summer Field Program at Ashram Rare Earth Element De...
13/08/2013s Metallurgical Advancements on the Ashram Rare Earth Elemen...
19/06/2013Announces Summer Drill Program at Ashram Rare Earth Element ...
27/03/2013s Programs for Upper Fir Deposit
20/02/2013Produces 40% TREO Mineral Concentrate from Ashram Rare Earth...
06/11/2012Interview with Resource Stock Digest
21/09/2012Engages Roche Ltd. for the Ashram Rare Earth Element Deposit...
05/06/2012Financial Post Features Zimtu Investee Commerce Resources
24/05/2012Reports Robust PEA for Ashram Rare Earth Element Deposit
06/03/2012(Eldor)Reports Significant Increase in Resources and Grade at Eldor
27/01/2012Intersects 325.31m of 1.96% TREO
31/12/2011Exclusive Audio Interview: Resource Stock Digest
15/12/2011Intersects Significant Middle and Heavy Rare Earth Enrichmen...
29/11/2011Comments on Commerce Resources Corp. in Critical Metals Repo...
24/09/2011Amends Option Agreement for Carbo Rare Earth Property
26/08/2011(Eldor)on Rare Earth Element Exploration at Eldor Property, Quebec
03/05/2011(Eldor)Update on Drilling at Eldor Rare Earth Project
03/03/2011Ashram Rare Earth Element Deposit Confirmed as a Large Infer...
03/03/2011(Eldor)Resumes Work at Ashram Rare Earth Zone, Eldor Property, Queb...
27/01/2011(Eldor)Intersects 2.30% TREO over 172.89 m at the Eldor Property, Q...
05/06/2008(Eldor)Drilling Begins at Niobium, Tantalum, Phosphate and Uranium ...
06/11/2007(Au-wen Claims) Doubles Claims for Blue River Tantalum-Niobium Project and ...
01/10/2007Announces 17 Drill Holes on Upper Fir Extend Strike to Over ...
05/03/2007(Blue River - Fir)Announces Upper Fir Resource Estimate
Communiqués de Presse de Commerce Resources Corp.
21/06/2016Commerce Resources Corp. Announces Filing of Amended and Res...
16/06/2016Commerce Resources Corp. Receives Grant for Environmental St...
07/04/2016Commerce Resources Corp. Announces Binding Memorandum of Und...
05/01/2016Commerce Resources Corp. Closes Tranche Two Non-Brokered Flo...
19/10/2015Commerce Resources Corp. Reports Significant Improvement in ...
08/10/2015Commerce Resources Corp. Receives the 2015 e3 Plus Award fro...
05/10/2015Commerce Resources Corp. Achieves Key Milestones for the Ash...
16/09/2015Commerce Resources Corp. Intersects 19.71% TREO over 0.82 me...
14/09/2015Commerce Resources Corp. Updates Phase II of the 2015 Drill ...
02/09/2015Commerce Resources Corp. Announces Filing of Preliminary Sho...
01/09/2015Commerce Resources Corp. Intersects 2.44% TREO over 45 metre...
27/08/2015Commerce Resources Corp. Clarifies and Corrects Disclosure
27/08/2015Commerce Resources Corp. Updates Community Dialogue and Info...
21/08/2015Commerce Resources Corp. Updates Community Dialogue and Info...
24/07/2015Commerce Resources Corp. Intersects 18.5% MH-T over 32 m at ...
20/07/2015Commerce Resources Corp. Initiates 2nd Phase of Pilot Plant ...
02/07/2015OTC Markets Group Welcomes Commerce Resources to OTCQX
20/04/2015Commerce Resources Corp. Completes Flotation Pilot Plant for...
15/04/2015Commerce Resources Corp. Completes 22 Drill Holes at the Ash...
23/03/2015Commerce Resources Corp. Announces Filing of an Updated Tech...
17/03/2015Commerce Resources Corp. Announces Annual Filings for its Fi...
13/03/2015/C O R R E C T I O N from Source -- Commerce Resources Corp....
11/03/2015The REE Basket Price Deception and the Clarity of OPEX
11/02/2015Commerce Resources Corp. Initiates Pilot Plant for the Ashra...
02/02/2015Commerce Resources Corp. Initiates Drill Program at the Ashr...
13/01/2015Commerce Resources Corp. Clarifies and Corrects Disclosure
22/12/2014Commerce Resources Corp. Closes $3.5 Million Private Placeme...
17/12/2014Commerce Resources Corp. Announces Private Placement
10/12/2014Commerce Resources Corp. Updates Metallurgical Programs for ...
03/11/2014Commerce Resources Corp. Engages Deloitte Global Metals & Mi...
06/10/2014Commerce Resources Corp. Closes $5 Million Private Placement
29/09/2014Commerce Resources Corp. Announces $4.5 Million Private Plac...
23/09/2014Commerce Resources Corp. Initiates Downstream Hydrometallurg...
15/09/2014Commerce Resources Corp. Appoints New President
19/08/2014Commerce Resources Corp. Updates Metallurgical Flowsheet and...
02/07/2014Commerce Resources Corp. Intersects 2.32% TREO Over 96.66m a...
03/02/2014Interview with Secutor Capital Management Corporation
29/01/2014News Release
10/01/2014News Release
23/12/2013News Release
17/09/2013Blog: Summer 2013 Ashram Drill Program Photo Gallery
12/07/2013Announces Resource Update for Upper Fir Tantalum-Niobium Dep...
11/01/2013Invitation to the 2013 Vancouver Resource Investment Confere...
06/07/2012Announces Updated Mineral Resource for Upper Fir Tantalum-Ni...
06/07/2012Files PEA for Ashram Rare Earth Element Deposit on SEDAR
08/12/2011(Eldor)Drills Significant Heavy Rare Earths at Eldor
19/09/2011Fundamental Research Corp. Issues Rating for Commerce Resour...
01/09/2011Strategy Metals Bulletin: Tantalum Fundamentals
04/08/2011Confirms Middle and Heavy Rare Earth Enrichment at Ashram
29/06/2011(Eldor)Drills 2.10% TREO Over 586 metres at Eldor
06/06/2011Closes $7.5 Million Private Placement
19/04/2011(Eldor)Files NI 43-101 Report for Eldor Rare Earth Mineral Resource
18/04/2011Files NI 43-101 Technical Report for Initial Resource Es...
30/03/2011Fundamental Research Corp. Issues Rating for Commerce Resour...
23/09/2008Welcomes Honourable Gordon Hogg Minister Responsible for Min...
11/08/2008Exploration Update for Blue River Tantalum and Niobium Proje...
14/07/200880% Price Increase for Tantalum Raw Materials
15/02/2008 Announces Graduation to TSX Venture Tier 1
19/12/2007Announces Significant Niobium-Tantalum-Uranium-Gold Minerali...
03/12/2007Featured in The Vancouver Province
21/11/2007President Interview
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (CCE.V)FRANKFURT (D7H.F)
0,200-6.98%0,026-13.33%
TSX-V
CA$ 0,200
08/08 11:08 -0,020
-6,98%
Cours préc. Ouverture
0,215 0,210
Bas haut
0,200 0,210
Année b/h Var. YTD
0,160 -  0,320 -11,11%
52 sem. b/h var. 52 sem.
0,160 -  0,320 -16,67%
Volume var. 1 mois
16 300 8,11%
24hGold TrendPower© : 15
Produit
Développe
Recherche Niobium - Tantalum
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 23/01/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2022-29,82%
2021-12,31%0,500,28
202054,76%0,380,11
2019281,82%0,410,04
2018-26,67%0,090,06
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,05 AU$+1,44%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,65 AU$+1,92%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
3,62 US$+3,75%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,57 GBX-1,88%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$-25,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,91 CA$+4,30%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
6,93 CA$+1,17%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,28 CA$-3,39%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,28 AU$+5,66%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,09 CA$-0,95%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
57,78 US$+1,99%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :