Commerce Resources Corp. (TSXv: CCE) announces that it has completed the first phase of its 2015 field program at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. (TSXv: CCE) provides an update on its Infrastructure Development Plan as part of the ongoing Pre-feasibility Study (PFS) underway for he Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. provides an update on the second phase of the 2015 drill program underway at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. announces the results for the 3 remaining drill holes from the 2015 winter/spring drill program at the Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX:
CMRZF) is pleased to announce results for an additional eleven drill holes from the recently completed winter/spring drill program at the Ashram Rare Earth Deposit located in northern Quebec.
Highlights are as follows:
- 199.11 metres (m) of 1.98% TREO(1), including 45.42 m of 2.44% TREO (EC15-129)
- 149.42 m of 1.88% TREO, including 43.87 m of 2.20% TREO (EC15-139)
- Expansion of rare earth element (REE) mineralization south, and potentially north, of the Ashram Deposit
Commerce Resources Corp. (TSXv: CCE) provides an update on its Infrastructure Development Plan as part of the ongoing Pre-feasibility Study (PFS) underway for he Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. provides an update on the second phase of the 2015 drill program underway at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. announces the results for the 3 remaining drill holes from the 2015 winter/spring drill program at the Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX:
CMRZF) is pleased to announce results for an additional eleven drill holes from the recently completed winter/spring drill program at the Ashram Rare Earth Deposit located in northern Quebec.
Highlights are as follows:
- 199.11 metres (m) of 1.98% TREO(1), including 45.42 m of 2.44% TREO (EC15-129)
- 149.42 m of 1.88% TREO, including 43.87 m of 2.20% TREO (EC15-139)
- Expansion of rare earth element (REE) mineralization south, and potentially north, of the Ashram Deposit
Motivated Geologist with over thirteen years in Oil and Gas industry. Proficient in Well-site Geologist & Geo-Pressure Predict Engineer and Mud-Logging Data Engineer. Most experienced as one man Offshore Well-site Geologist in exploration well with high pressure and high temperature, and some horizontal production wells with very thin and critical target. Main clients worked with: Exxon Mobil, Shell, Talisman, Salamander, Premier Oil, Apache Energy, Idemitsu, Origin Energy, Petronas, KNOC
Good skills of persuading and communicating with different kind of people, especially when resolving problems and dealing with tight deadlines. Capable of working under the pressure as well as independently
Commerce Resources Corp. (TSXv: CCE) announces that the flotation mini-plany is underway using bulk sample material from the company's 100% owned Ashram Rare Earth Deposit in northern Quebec.
Facing the Challenges of Exploring and Developing Projects in Remote Mining Environments - Presentation by Wes Carson, Vice President, Project Development, Sabina Gold & Silver Corp. at the Global Mining Summit March 17-18 2014 in Las Vegas
The Registry of Geothermal Services and Equipment contains the "Yellow Pages" for the worldwide geothermal industry. Companies are listed with a description of their products and services. The Geothermal Resources Council provides these pages for free.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) reported 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 include 2.30% TREO over 172.89m.
Motivated Geologist with over thirteen years in Oil and Gas industry. Proficient in Well-site Geologist & Geo-Pressure Predict Engineer and Mud-Logging Data Engineer. Most experienced as one man Offshore Well-site Geologist in exploration well with high pressure and high temperature, and some horizontal production wells with very thin and critical target. Main clients worked with: Exxon Mobil, Shell, Talisman, Salamander, Premier Oil, Apache Energy, Idemitsu, Origin Energy, Petronas, KNOC
Good skills of persuading and communicating with different kind of people, especially when resolving problems and dealing with tight deadlines. Capable of working under the pressure as well as independently
Commerce Resources Corp. (TSXv: CCE) announces that the flotation mini-plany is underway using bulk sample material from the company's 100% owned Ashram Rare Earth Deposit in northern Quebec.
Facing the Challenges of Exploring and Developing Projects in Remote Mining Environments - Presentation by Wes Carson, Vice President, Project Development, Sabina Gold & Silver Corp. at the Global Mining Summit March 17-18 2014 in Las Vegas
The Registry of Geothermal Services and Equipment contains the "Yellow Pages" for the worldwide geothermal industry. Companies are listed with a description of their products and services. The Geothermal Resources Council provides these pages for free.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) reported 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 include 2.30% TREO over 172.89m.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) announces it has been awarded a grant totaling $300,000 from the Fonds de recherche du Québec - Nature et technologie (FRQNT) and the Ministère de l’Énergie et des Ressources naturelles (MERN). These funds will be directed to the optimization of tailings management for the Ashram Rare Earth Element Deposit in Quebec.
Commerce Resources Corp. (TSXv: CCE) announced an update on the drill program currently underway at its
100% owned Ashram Rare Earth Deposit located in northern Quebec.
A total of seven holes have been completed with a focus along the eastern side of the near surface mineralization over Centre Pond, straddling the eastern contact of the deposit. The holes completed to date are NQ in diameter with depths ranging from approximately 80 to 160 m to
coincide with end-of-hole depths targeted below the level of the deepest Whittle pit shell identified in the Preliminary Economic Assessment (PEA) (effective date of July 5, 2012; revised January 7, 2015). The preliminary economic assessment is preliminary in nature, in that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as reserves.
Commerce Resources Corp. is pleased to announce that the second phase of the 2015 drill program is underway at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. announces that it has made significant metallurgical improvements to its mineral concentrate for the Ashram Rare Earth Deposit. Overall rare earth element recoveries have now increased from 71% to 76% while maintaining a grade of greater than 40% TREO. In addition, the recent testwork has simplified the leach process stage of the flowsheet through the elimination of the secondary leach.
Commerce Resources Corp. reports the results of a prospecting and sampling program completed on the Eldor Property. The results of this program are extremely encouraging, including the highest niobium mineralized sample collected to date from the area: 5.9% Nb2O5.
Commerce Resources Corp. announced that it has closed the second tranche of its previously announced short-form prospectus offering and its non-brokered flow-through private placement.
Commerce Resources Corp. (TSXv: CCE; FSE: D7H) is pleased to announce that it has filed an amended and restated final short form prospectus, amending and restating the short form prospectus dated February 25, 2016, with the securities regulatory authorities in the Provinces of British Columbia, Alberta and Ontario in connection with a best efforts offering of units (the “Units”) of the Company at a reduced price of $0.075 per Unit for gross proceeds of a minimum of $1 million and up to a maximum of $3 million.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) announces that it has completed a preliminary evaluation of local and regional wind data to the west of Lac LeMoyne, indicating favourable wind speeds for renewable power development as part of the Ashram Rare Earth Project’s energy requirements.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) announces that it has entered into a Memorandum of Understanding (MOU) with NorFalco Sales, a division of Glencore Canada Corporation.
Under the terms of the MOU, the Company agrees that NorFalco will be the sole provider of the sulphuric acid required for the Ashram Project, at highly competitive market rates and terms. The agreement is binding and is subject to an initial 5 year term and may be re-negotiated thereafter.
Commerce Resources Corp. (TSXv: CCE; FSE: D7H) is pleased to announce that it has filed on February 26, 2016, a final short form prospectus with the securities regulatory authorities in the Provinces of British Columbia, Alberta and Ontario in connection with a best efforts offering of units (the “Units”) of the Company at a price of $0.10 per Unit for gross proceeds of a minimum of $1 million and up to a maximum of $3 million (the “Offering”). The Company has granted the agent an over-allotment option to sell up to an additional 15% of the Offering on the same terms and conditions, exercisable at any time following the closing of the Offering for a period of 30 days.
Commerce Resources Corp. (TSXv: CCE) is pleased to announce that a reduction in flowsheet processing steps has been confirmed at the pilot scale for the Company's 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE) has announced that it has closed a second tranche of a non-brokered private placement. Combining both tranches, the Company has raised a total of $1,974,225.
Commerce Resources Corp. (TSXv: CCE) announced that it has closed a first tranche of a non-brokered private placement for gross proceeds of $1,650,429. The proceeds of the private placement will be used in qualified exploration expenditures at the Company's mineral properties in Quebec.
Commerce Resources Corp. (TSXv: CCE) announces that it has received the 2015 e3 Plus Award, presented annually by the Association de l'exploration minière du Québec (AEMQ), for its work in advancement of the Ashram Rare Earth Project in Northern Quebec.
Commerce Resources Corp. (TSXv: CCE) announces the achievement of key metallurgical milestones with the successful completion of a leach mini-pilot plant and the subsequent production of the highest-grade mineral concentrate to date from the Company’s 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) reports the completion of a recent round-table session in Kuujjuaq, as well as a project site visit, attended by several key Inuit organizations as part of its ongoing community dialogue and information exchange program. This process is one of many key aspects to be carried out as part of the ongoing Pre-feasibility Study (PFS) underway for the Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. (TSXv: CCE) updated the drill results from the winter/spring drill program at the Ashram Rare Earth Deposit in northern Quebec. In one of the drill holes, the Company intersected the strongest heavy rare earth element mineralization to date from the project.
Commerce Resources Corp. announces the completion of the flotation pilot plant, the first phase in a series of related pilot plant tests on material from the Company's 100% owned Ashram Rare Earth Deposit.
More from Commerce Resources Corp. (TSXv:CCE) (20)
News Release: Commerce Resources Corp. Completes Phase 1 of the 2015 Drill Program at the Ashram Rare Earth Deposit
1. Commerce Resources Corp. Completes Phase I of the 2015 Drill Program at
the Ashram Rare Earth Deposit
May 20, 2015 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the “Company” or
“Commerce”) is pleased to announce it has completed the first phase of its 2015 field program at
its 100% owned Ashram Rare Earth Deposit located in northern Quebec. The 2015 winter/spring
field program was composed of resource infill drilling, geotechnical drilling and downhole
surveying, geomechanical sampling, as well as hydrogeological drill hole testing. A total of 31
drill holes were completed.
The primary goals of the program were to increase the resource confidence from the current
inferred category to the measured and/or indicated categories with infill drilling, as well as
complete geotechnical/geomechanical and hydrogeological studies required for the ongoing Pre-
feasibility Study (PFS). All necessary work was completed as planned.
The majority of the first phase of work focused on infill drilling over Centre Pond, along the
eastern periphery of the deposit, as well as on the MHREO Zone (EC15-133 and 134). A total of
31 drill holes totaling approximately 4,146 m (land: 15 holes for 1,988 m; pond: 16 holes for
2,157 m) were completed.
The drilling included both NQ (22 holes for 2,903 m) and HQ (9 holes for 1,243 m) drill core
size, with holes ranging in depth from 7 m to 239 m. Table 1 below outlines the attributes of
each drill hole as well as the holes purpose (i.e. resource, hydrogeological, geotechnical, and/or
geomechanical).
Table 1: Drill Hole Attributes and Target Purpose
Hole ID
EOH
(m)
Hole
Size
Land/Pond
Purpose of Drill Hole
Resource Hydrogeological Geotechnical Geomechanical
EC15‐110 115 NQ Centre Pond X ‐ ‐ ‐
EC15‐111 124 NQ Centre Pond X ‐ ‐ ‐
EC15‐112 157 NQ Centre Pond X ‐ ‐ ‐
EC15‐113 127 NQ Centre Pond X ‐ ‐ ‐
EC15‐114 128 NQ Centre Pond X ‐ ‐ ‐
EC15‐115 82 NQ Centre Pond X ‐ ‐ ‐
EC15‐116 155 NQ Centre Pond X ‐ ‐ ‐
EC15‐117 212 NQ Land X ‐ X
(1)
X
EC15‐118 203 NQ Land X X X
(1)
X
EC15‐119 219 NQ Land X X X
(1)
X
EC15‐120 200 NQ Centre Pond X X X
(1)
X
EC15‐121 223 NQ Centre Pond X X X
(1)
X
2. EC15‐122 209 NQ Centre Pond X X X
(1)
X
EC15‐123 9 HQ Centre Pond ‐ ‐ X ‐
EC15‐123A 167 NQ Centre Pond ‐ X X ‐
EC15‐124 10 NQ Centre Pond ‐ ‐ X ‐
EC15‐125 7 NQ Land ‐ ‐ X ‐
EC15‐126 11 NQ Land ‐ ‐ X ‐
EC15‐127 11 NQ Centre Pond ‐ ‐ X ‐
EC15‐128 26 NQ Land ‐ ‐ X ‐
EC15‐129 200 HQ Land X X X
(1)
X
EC15‐130 62 HQ Land X X X ‐
EC15‐131 200 HQ Land X X X
(1)
X
EC15‐132 62 HQ Land X X X ‐
EC15‐133 239 HQ Centre Pond X ‐ X
(1)
‐
EC15‐134 200 HQ Centre Pond X X ‐ ‐
EC15‐135 203 HQ Land X X ‐ X
EC15‐136 68 HQ Land X X X ‐
EC15‐137 203 NQ Land X X ‐ ‐
EC15‐138 161 NQ Land X ‐ ‐ ‐
EC15‐139 151 NQ Land X ‐ ‐ ‐
X
(1)
Includes downhole optical‐acoustic televiewer (OTV‐ATV) and related surveys
A map showing the drill hole locations is available on the Company’s website at
http://www.commerceresources.com.
A total of 10 holes were completed with a focus along the eastern side of the near surface
mineralization over Centre Pond, straddling the eastern contact of the deposit. These holes are
NQ in diameter with depths ranging from 82 m to 223 m to coincide with end-of-hole depths
targeted below the level of the deepest Whittle pit shell identified in the Preliminary Economic
Assessment (PEA) (Effective date of July 5, 2012; revised January 7, 2015). Management notes
that the PEA is preliminary in nature, in that it includes inferred mineral resources that are
considered too speculative geologically to have the economic considerations applied to them that
would enable them to be categorized as mineral reserves, and there is no certainty that the PEA
will be realized.
The first 12 drill holes have arrived at Activation Laboratories in Ancaster, ON and will be
analyzed for rare earths by ICP-MS, as well as for fluorine by Fusion ISE. Results will be
released as they are received.
The second phase of the 2015 field program is anticipated to being in late-June / early-July.
3. NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., 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 deposits of rare metals and rare earth elements. The Company is focused on the development
of its Ashram Rare Earth Element Deposit in Quebec and the Upper Fir Tantalum and Niobium
Deposit in British Columbia.
For more information please visit the corporate website at http://www.commerceresources.com
or contact Investor Relations at 604.484.2700 or info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
“Chris Grove”
Chris Grove
President
Tel: 604.484.2700
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 contains forward-looking information which 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 statements in this press release include but are not limited to any implied changes to
the resource confidence of the inferred to measured or indicated categories and any references to the PEA as they
are preliminary in nature. These forward-looking statements are 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. Risks that could change or prevent these statements from coming to fruition include changing costs for
mining and processing; increased capital costs; the timing and content of upcoming work programs; geological
interpretations based on current data that may change with more detailed information; potential process methods and
mineral recoveries assumption based on limited test work and by comparison to what are considered analogous
deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the
products produced; and despite the current expected viability of the project, conditions changing such that the
minerals on our property cannot be economically mined, or that the required permits to build and operate the
envisaged mine can be obtained. 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.