CCE.V
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Ashram Rare Earth Element Deposit - Eldor Property The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The property is 100% owned by Commerce and is composed of 404 claims comprising approximately 19,006 hectares = 200 km2
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The Ashram Rare Earth Zone begins at surface and is open to the north, south, east, at depth, and is not fully constrained to the west. The Ashram Rare Earth Zone was discovered in 2009 by tracing the source of a glacially dispersed boulder train that assayed significant rare earth elements. The zone is located near the centre of the Eldor Carbonatite Complex, and is coincident with a magnetic low approximately 1 kilometre by 0.8 kilometres in size. Rare earth mineralization occurs within an area measuring in excess of 650 m east-west, by 350 m north-south, to depths of 365 m.In 2010, 12 holes totaling 3,300 metres were completed within a 650 by 350 metre area to depths of up to 378 metres. All holes intersected significant rare earth mineralization; Majority bottomed in mineralization
> Re: NI 43-101
The mineral resources were estimated using analytical results from 12 diamond drill holes totalling 5,390 metres completed by Commerce at the Ashram Zone in 2010.
The block model was defined by block size 10 metres long by 10 metres wide by 10 metres thick and covers 650 metres in the east-west direction and 450 metres in the north-south direction to a maximal depth of 430 metres below surface.
SGS Geostat determined the base case cut-off grade using a conceptual economic model based on a 7,500-tonne-per-day, 25-years life-of-mine open pit mining scenario with a concentration plant on site and a hydrometallurgical plant located in Kuujjuaq to produce high purity rare earth oxides.
> Present/current work
On March 2, 2011 Commerce commenced a winter drilling program that will include a minimum of six drill holes totalling 3,000 metres. All holes will be drilled from ice on an approximately 200 metre spaced grid. Since the majority of the 2010 drillholes at the Ashram Zone bottomed in mineralisation, the Company is using a drill rig capable of attaining depths in excess of 600 metres to potentially penetrate the full vertical extent of the mineralized system. Will test the eastern half of the target and extend the depth extent of the deposit |
GMA.V
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Montviel Rare Earth Element Deposit The Montviel property, located 200 km north of Val-d’Or in the Abitibi region of Quebec, is underlain by the Montviel carbonatite complex which extends over an area of 32 km2 making it one of North America’s largest carbonatite. GéoMégA has a staged option agreement with NioGold Mining Corp. (TSX-V: NOX) whereby it can earn up to 100% interest in the property.
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> The rare-earth mineral-bearing carbonatite has presently been identified over a strike length of 700 m, a 400-m width and to a vertical depth of 450 m below surface.
> The mineralisation remains open West of section 5+00W, East of section 2+00W, to the South and at depth.
> Project details
The Montviel property comprises 159 map-designated cells, for a total of 8830 hectares (ha).
The property is currently free of any royalties. There are no environmental liabilities pertaining to theproperty nor is the property subject to any litigation; the only permits required to conduct work are theforestry management permits. There is no mining infrastructure on the property.
The property is located in Montviel township and is covered by NTS sheets 32F/15 and 32F/16. It islocated approximately 100 km by road from the town of Lebel-sur-Quevillon, where services and manpower are available. The property is easily accessible via a network of logging roads, after a 60km drive from highway 113, which connects Val d’Or and Chibougamau. Heavy equipment can be mobilized by truck directly to the property.
The property shows a relatively flat topography, with a maximum elevation of 315 m above sea leveland the lowest point shows an elevation of 290 m. The main hydrographic feature is the NomansRiver, which crosses the property in a SW-NE direction. It flows to the NE, where it joins the Inconnue River, then the Maicasagi River and ultimately the Maicasagi Lake. The property is covered by a mix of swamp and forest, the latter consisting mainly of black spruce.
The area lies at the limit between the subarctic and humid continental climates. This climate zone is characterized by long, cold winters and short, cool summers. Daily average temperatures range from -20°C in January to +16.1°C in July. Break-up usually occurs in early April, and freeze-up in November.
These are normal climatic conditions for the Abitibi region, where exploration work is usually conducted year round. Finally, at this latitude, there is no permafrost.
> Geological setting and mineralization
The Montviel property is located in the eastern part of the Superior geological province, at the junction between the Opatica and Abitibi sub-provinces. The Montviel carbonatite complex, dated at 1,894 Ma, is enclosed in the Nomans tonalite, dated at 2,708.9 Ma. It is located just north of the Waswanipi –Saguenay corridor (Saguenay rift). Regional metamorphism is generally at the greenschistfacies, with the amphibolite facies seen in the vicinity of the intrusions. The Montviel alkaline intrusion measures approximately 10 x 3 km for a total of 32 km2. The carbonate core covers an approximate area of 3km2.
The complex is made up of six units named Pmvt 1 to 6, described below, going from the outside to the core:
Pmvt 1: is composed of pyroxenite and peridotite both characterized by biotite.
Pmvt 2: is composed of syenite, melanosyenite and biotite-bearing pyroxenite. It forms the north partof the complex.
Pmvt 3: is the main intrusive unit, and composed of ijolites, urtites, syenites and ultramafic intrusions.
Pmvt 4: forms the south central part of the intrusion. It is composed of granite.
Pmvt 5: forms the carbonate core of the intrusion. It is composed of carbonates and silicocarbonates. It contains all the mineralization intersected by historical drilling.
Pmvt 6: is a polygenic intrusive breccia with a carbonate matrix, located at the top of the Pmvt 5 unit.
The Montviel carbonatite complex is classified as a primary or magmatic-type complex, which around the world have produced Nb, REE, P2O5, Fe, Ni, vermiculite, Cu, Au and PGE. Historical exploration has revealed the potential of the Montviel carbonatite complex for Nb, REE, P2O5 and, to a lesser extent, base metals. All the mineralized intersections were obtained from the Pmvt 5 unit, which is the carbonate core of the complex. Potential also exists in the residual soil above the Pmvt 5 unit.
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