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Commerce Resources Corp V.CCE

Alternate Symbol(s):  CMRZF

Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is primarily focused on suppling of mixed rare earth carbonate and/or neodymium and praseodymium (NdPr) oxide to the global market. Its primary asset is the Eldor Property in Quebec. The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by the Company and is composed of 244 claims comprising approximately 11,475 hectares, including the Ashram Rare Earth Deposit. Capacitor Metals Corp. is the wholly owned subsidiary of the Company.


TSXV:CCE - Post by User

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Post by thairaton Nov 28, 2019 6:36am
117 Views
Post# 30401088

Kardashian-Style News Bomb: Already Big #Ashram Gets Bigger

Kardashian-Style News Bomb: Already Big #Ashram Gets Bigger

What a pleasant surprise! 

The Ashram Rare Earth and Fluorspar Deposit continues to grow. 

As announced today by Commerce Resources Corp., recent core assays for vertical drilling at Ashram has discovered high-grade rare earth oxide (2.38% REO) over 64.54 m, including a whopping 3.02% REO over 28.35 m.

What makes this high-grade intercept (hole EC16-159) so compelling is that it was drilled at the southern margin of the deposit, where the grades have tended to be lower  yet this hole demonstrates how there may exist high-grade zones all the way to the deposit boundary in the south.

Also at the southern margin of the deposit, hole EC16-158 discovered excellent REO grades (1.71%) along with robust grades of fluorite (7.2% CaF2) over a whopping 222 m long interval starting from surface (from 2.69 m to 224.64 m), including a sub-interval of 2.18% REO over 36.2 m. This hole is located about 150 m from hole EC16-159 and again demonstrates that high grades continue to be present at the southern end of the deposit, and up to the margins. More infill drilling in this area of the deposit would be great to possibly grow the overall resource grade in the next update, making Ashram that much bigger and better. 

Compare that to the recent Rockstone report, in which hole EC15-133 was quoted as one of the best REO-fluorite holes ever drilled at Ashram: 235.35 m of 1.92% TREO and 9.8% CaF2 (from 3.65 m to 239 m): There are strong similarities.

The big difference is that today´s announced hole (EC16-158) was drilled some 275 m to the south from hole EC15-133, where Ashram´s MHREO Zone (main zone; high grades of middle and heavy rare earth oxides along with fluorite) is located:...

https://www.rockstone-research.com/index.php/en/research-reports/5560-Kardashian-Style-News-Bomb-Already-Big-Ashram-Gets-Bigger-And-Bigger

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