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. (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. (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. 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. (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) 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. (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. 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. (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.
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.
Dear all connections,
Please help Mr. Komyshev, to find a suitable job. Below is his CV please have a look over it and if any of you find him eligible then do contact him at details provided on CV.
regards
Iron Road Limited (Iron Road, ASX: IRD) has released a copy of the presentation Larry Ingle, the General Manager of Iron Road, gave to the 11th South Australian Exploration and Mining Conference, Adelaide.
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.
Lakeland Resources Inc. (TSXv: LK) provides an exploration update for its Phase 1 drill program at the Gibbons Creek / Star Properties in the Athabasca Basin in northern Saskatchewan.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) announced that a significant reduction in the consumption of three principal flotation reagents has been achieved in bench scale development testwork for the Ashram Rare Earth Deposit.
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.
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.
Dear all connections,
Please help Mr. Komyshev, to find a suitable job. Below is his CV please have a look over it and if any of you find him eligible then do contact him at details provided on CV.
regards
Iron Road Limited (Iron Road, ASX: IRD) has released a copy of the presentation Larry Ingle, the General Manager of Iron Road, gave to the 11th South Australian Exploration and Mining Conference, Adelaide.
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.
Lakeland Resources Inc. (TSXv: LK) provides an exploration update for its Phase 1 drill program at the Gibbons Creek / Star Properties in the Athabasca Basin in northern Saskatchewan.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) announced that a significant reduction in the consumption of three principal flotation reagents has been achieved in bench scale development testwork for the Ashram Rare Earth Deposit.
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, 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. provides an overview of the pending 2013 field program at its 100% owned Ashram Rare Earth Element Deposit located in Northern Quebec.
Commerce Resources Corp. announced that crew and equipment mobilization for a winter drill program will commence at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
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.
Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) reports that it will add 1,500 metres (six holes) to the already 3,000 metres drilled
this year at its Eldor Rare Earth Project located in northeastern Quebec. The expanded program
has been driven by the discovery of significant intersections of rare earth elements announced
earlier this year.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) reports that it is nearing completion of its winter drilling program at the Ashram Rare Earth Element Deposit at the Eldor Property in northern Quebec.
The drilling was designed to expand the deposit by testing the northeastern half of the Ashram Zone as well as expanding its depth extent with deeper drilling. Drilling also aimed to continue to define areas where significant near-surface enrichment in the valuable, middle and heavy REEs were encountered in 2010.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) is pleased to provide an update on the flotation pilot plant currently underway for the Company’s 100% owned Ashram Rare Earth Deposit.
Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch gold project located in the Golden Horseshoe area of Northern British Columbia, approximately 300 kilometres north of Smithers, B.C.
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) announced that its joint venture partner Canadian International Minerals Inc. (TSXv: CIN) has commenced a 1,000 metre diamond drill program on the Carbo Rare Earth Project in northeastern British Columbia.
Excelsior is developing a low cost copper project within the copper porphyry belt of Arizona. Based on an initial production rate of 110 million pounds per year and a US$2.75/lb copper price, the Prefeasibility Study indicates a pre-tax NPV (7.5% discount rate) of US$1.24 billion, pre-tax IRR of 59.7% and a payback period of 1.8 years. Total initial capital expenditures (including contingency) are estimated at US$284.84 million with sustaining capital (including an acid plant) of US$602 million and an average life-of-mine direct operating cost of US$0.69/lb. These metrics are amongst the lowest per pound capital and operating costs for copper projects in North America.
Over 60,000 metres have been drilled to date on Gunnison, which has a Probable Mineral Reserves of 3.61 billion pounds (632 million tons at 0.29% copper) contained within the Measured and Indicated Mineral Resources of 3.91 billion pounds (683 M tons at 0.29%). There is also an additional Inferred Mineral Resource of 1.40 billion pounds (338 million tons at 0.21%). Please refer to the Projects page for further information on the mineral reserve and mineral resource estimates and results of the Prefeasibility Study.
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) 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, 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)
Osisko Development - Investor Presentation - June 24
News Release: Commerce Resources Corp. Updates Phase II of the 2015 Drill Program at the Ashram Rare Earth Deposit
1. Commerce Resources Corp. Updates Phase II of the 2015 Drill Program at the
Ashram Rare Earth Deposit
Sept 14, 2015 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the
“Company” or “Commerce”) is pleased to provide an update on the second phase of the 2015
drill program underway at its 100% owned Ashram Rare Earth Deposit located in northern
Quebec.
To date, 17 drill holes (EC15-140 through 156), totalling approximately 732.14 m (8 HQ holes
for 351.95 m, 9 NQ holes for 380.19 m) have been completed. The objective of the Phase II
program is to complete the field work relating to resource infill, mine-site infrastructure
assessment, and hydrogeological testwork as part of the ongoing Pre-feasibility Study (PFS).
The Company has now completed the planned mine-site infrastructure assessment program. This
included a geotechnical drill and sampling program, condemnation drill holes, mapping, and
monitoring well nest installations. The majority of this work was completed at the proposed
process plant and tailings management facility (TMF) option sites, but also included ground
evaluation of the proposed dyke and airstrip locations. Drilling over these areas (process plant
and TMFs) totalled 529 m over 16 holes, with most holes completed to shallow depths from 5 to
60 m (15 holes) and one to a depth of 143 m for condemnation purposes.
The shallow holes were needed primarily to confirm the depth to bedrock, and to collect samples
of the overburden (shelby tube / split spoon) to assess soil type and bearing capacity. Samples
collected have been submitted to Laboratoires d’Expertises de Québec ltée for analysis. In
addition, targeted, representative samples for condemnation purposes were collected and will be
submitted to Activation Laboratories in Ancaster, ON, for major oxides by Fusion ICP, rare
earths by ICP-MS, and for fluorine by Fusion ISE.
Although sample analysis has yet to be completed, the field interpretation of the work completed
to date indicates the sites are acceptable for the infrastructure proposed.
In addition, one hole for 203 m (EC15-0143) was completed as resource infill at the north end of
the deposit. Samples have been collected and will be submitted to Activation Laboratories for
analysis.
The remaining program is anticipated to consist of:
Completion of the remaining resource infill drill holes
A single drill hole targeting a gravity anomaly proximal to the south of the deposit that
may be related to the middle and heavy rare earth oxide mineralization present at Ashram
2. Installation of hydrogeological equipment in several previously completed drill holes
Completion of an HQ size drill hole at the north end of the deposit to be used for a
pumping test
Additional updates will follow as the program advances. The Pre-feasibility Study is ongoing
with the results of the programs described in this news release to be incorporated, along with
other necessary technical data including geological and engineering studies, into the PFS with
costs and benefits to be described in more detail therein.
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 our ongoing drill program; all field work
related to future processing plant, tailings management, dyke and airstrip locations and the early assumptions that
3. the sites will be acceptable for the proposed infrastructure; any comments related to the completion of a Pre-
feasibility study; and references that the anomaly to the south may be related to the middle and heavy rare earth
oxide mineralization present at Ashram. 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 drilling 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.