The mineral resource estimate for Commerce Resources' Ashram Rare Earth Element Deposit in Quebec confirms it as a large inferred resource containing 117.34 million tonnes averaging 1.74% total rare earth oxides. The deposit remains open for expansion to the north, south, east, at depth, and partially to the west. Commerce intends to continue drilling and metallurgical testing to further define and increase the resource.
Rare Earths Mine Costs - June 2013 - Greenfields Research / Curtin University...John Sykes
The document discusses rare earth mine costs and provides examples of cost calculations for two rare earth projects:
- The Avalon Rare Metals underground project in Canada has an operating cost of $240/tonne of ore or $17,280/tonne of REO, with a startup capital cost of $810 million.
- The Rare Element Resources open pit project in the US has a lower operating cost of $245/tonne of ore or $8,480/tonne of REO, but also a lower startup capital cost of $87 million.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) is announced the assay results for the final four holes completed as part of the winter drill program at the Company’s 100%-owned Eldor Property in northern Quebec.
The winter drill program at Ashram exceeded the Company’s expectations, with all holes completed returning significant grades and widths of mineralization. Highlights from the winter program include:
• A significant expansion of the footprint and depth extent of the Ashram Deposit; beyond that of the current Inferred Resource of 117.34 million tonnes of 1.74% TREO;
• Confirmation of enrichment in the middle and heavy rare earth oxides within the near-surface, north-central portions of the deposit; and
• Recognition of increasing REE grades within the northern portion of the deposit and at depth where drill intersections of 3%+ TREO have increased in occurrence with 4% assays now not unusual, with a new peak sample value of 9.88% TREO.
Aldridge Minerals provides a summary of its Yenipazar project in Turkey. The project has a large NI 43-101 compliant resource estimate of over 24 million tonnes containing gold, silver, copper, lead and zinc. A preliminary economic assessment shows strong economics, with an after-tax NPV of US$209 million and IRR of 23.2% at a 7% discount rate using 3-year average metal prices. Goals for 2011 include improving metal recoveries through further metallurgical testing, expanding resources through additional drilling, and advancing the project to a feasibility study.
- TNR Gold is a mineral exploration company focused on precious metals, base metals, and rare earth elements. It uses a "project generator" model of acquiring early stage prospects and advancing them through partnerships to diversify costs and risk.
- One of its main projects is Los Azules in Argentina, a large copper deposit it has a 25% back-in right to once a feasibility study is complete. It also owns two gold-copper prospects in Alaska.
- The presentation provides details on TNR Gold's management, projects, and financial information such as its share structure and ownership.
Kentor Gold operates gold and copper projects across Australia and Kyrgyzstan through its subsidiaries. It has a four-stage growth strategy focused on expanding production at its Murchison Gold Project in Australia and advancing the Jervois Copper Project in the Northern Territory towards feasibility. Recent exploration has yielded promising drill results across multiple prospects within its portfolio.
Statements made in this presentation should not be considered factual and are subject to risks and uncertainties. Sage Gold plans to become a significant gold producer in the next 5 years through exploration and acquisition in the Timmins gold camp. The company has a land position in Beardmore, Ontario including the Onaman-Lynx deposit and is exploring the Clavos deposit in Timmins through an option agreement.
On December 4, 2013, Commerce Resources Corp. (TSXv: CCE) announced significant advancements in the metallurgical flowsheet for the Ashram Rare Earth Deposit.
Objective Capital's Industrial Minerals & Metals Resources Investment Forum 2012
Ironmongers' Hall, City of London
6 November 2012
Speaker: Catherine Feore, Adroit Resources
Rare Earths Mine Costs - June 2013 - Greenfields Research / Curtin University...John Sykes
The document discusses rare earth mine costs and provides examples of cost calculations for two rare earth projects:
- The Avalon Rare Metals underground project in Canada has an operating cost of $240/tonne of ore or $17,280/tonne of REO, with a startup capital cost of $810 million.
- The Rare Element Resources open pit project in the US has a lower operating cost of $245/tonne of ore or $8,480/tonne of REO, but also a lower startup capital cost of $87 million.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) is announced the assay results for the final four holes completed as part of the winter drill program at the Company’s 100%-owned Eldor Property in northern Quebec.
The winter drill program at Ashram exceeded the Company’s expectations, with all holes completed returning significant grades and widths of mineralization. Highlights from the winter program include:
• A significant expansion of the footprint and depth extent of the Ashram Deposit; beyond that of the current Inferred Resource of 117.34 million tonnes of 1.74% TREO;
• Confirmation of enrichment in the middle and heavy rare earth oxides within the near-surface, north-central portions of the deposit; and
• Recognition of increasing REE grades within the northern portion of the deposit and at depth where drill intersections of 3%+ TREO have increased in occurrence with 4% assays now not unusual, with a new peak sample value of 9.88% TREO.
Aldridge Minerals provides a summary of its Yenipazar project in Turkey. The project has a large NI 43-101 compliant resource estimate of over 24 million tonnes containing gold, silver, copper, lead and zinc. A preliminary economic assessment shows strong economics, with an after-tax NPV of US$209 million and IRR of 23.2% at a 7% discount rate using 3-year average metal prices. Goals for 2011 include improving metal recoveries through further metallurgical testing, expanding resources through additional drilling, and advancing the project to a feasibility study.
- TNR Gold is a mineral exploration company focused on precious metals, base metals, and rare earth elements. It uses a "project generator" model of acquiring early stage prospects and advancing them through partnerships to diversify costs and risk.
- One of its main projects is Los Azules in Argentina, a large copper deposit it has a 25% back-in right to once a feasibility study is complete. It also owns two gold-copper prospects in Alaska.
- The presentation provides details on TNR Gold's management, projects, and financial information such as its share structure and ownership.
Kentor Gold operates gold and copper projects across Australia and Kyrgyzstan through its subsidiaries. It has a four-stage growth strategy focused on expanding production at its Murchison Gold Project in Australia and advancing the Jervois Copper Project in the Northern Territory towards feasibility. Recent exploration has yielded promising drill results across multiple prospects within its portfolio.
Statements made in this presentation should not be considered factual and are subject to risks and uncertainties. Sage Gold plans to become a significant gold producer in the next 5 years through exploration and acquisition in the Timmins gold camp. The company has a land position in Beardmore, Ontario including the Onaman-Lynx deposit and is exploring the Clavos deposit in Timmins through an option agreement.
On December 4, 2013, Commerce Resources Corp. (TSXv: CCE) announced significant advancements in the metallurgical flowsheet for the Ashram Rare Earth Deposit.
Objective Capital's Industrial Minerals & Metals Resources Investment Forum 2012
Ironmongers' Hall, City of London
6 November 2012
Speaker: Catherine Feore, Adroit Resources
Commerce Resources Corp. announces a large indicated resource at the Upper Fir Tantalum and Niobium Deposit, Blue River, B.C.
Highlights include:
* AMEC has determined a base case Indicated mineral resource of 36.35 million tonnes containing 195 ppm (gpt) Ta2O5 and 1,700 ppm (gpt) Nb2O5. Base case Inferred mineral resources are 6.40 million tonnes containing 199 ppm (gpt) Ta2O5 and 1890 ppm (gpt) Nb2O5.
* AMEC concludes that the 2009 work program has markedly improved the interpretation of the geology of the Upper Fir tantalum- and niobium-bearing carbonatite, which in turn has resulted in an increase in confidence and size of the deposit.
* The selected base case resource model provides the foundation for the Preliminary Economic Assessment (“PEA”), which is ongoing under the direction of AMEC and which once completed, will provide the basis for a separate news release.
The document summarizes a preliminary economic assessment for the Upper Fir Tantalum-Niobium Deposit in British Columbia. Key findings include:
1) The assessment indicates positive cash flow for a 7,500 tonne per day underground mining operation, with cash costs of $24.91 per kg of tantalum.
2) Resources total 36.4 million tonnes of indicated resources at 195 ppm Ta2O5 and 1,700 ppm Nb2O5, plus 6.4 million tonnes of inferred resources at 199 ppm Ta2O5 and 1,890 ppm Nb2O5.
3) Over a 10 year mine life, the
The document discusses the conflict minerals provision of the Dodd-Frank Act, which requires companies to disclose whether their products contain minerals from the Democratic Republic of Congo. Complying with this provision will require companies to conduct due diligence on their supply chains to determine the origin of minerals like gold, tin, and tungsten. While some companies have already begun this process, most companies have yet to take action or are unaware of the requirement. The document provides an overview of the law's requirements and recommends KPMG's approach for conducting supply chain due diligence in accordance with international standards.
Commerce Resources Corp. (TSXv: CCE) announced that drilling is underway on the company's Eldor Tantalum-Niobium and Rare Earth Element Project located in northern Quebec. Up to 15 holes totaling 3,000 meters will be completed. The exploration program will also include prospecting, mapping, soil sampling, a ground magnetic survey and trenching.
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.
The document summarizes a preliminary economic assessment for the Ashram rare earth element deposit in northern Quebec. Key highlights include a pre-tax net present value of $2.32 billion, a 44% internal rate of return, and average annual rare earth oxide production of 16,850 tonnes over a proposed 25-year mine life. The assessment indicates that open-pit mining, on-site processing to produce a mixed rare earth carbonate, and trucking the product to a port for shipping can be economically viable based on the deposit's mineral resources.
Commerce Resources Corp. announced an initial inferred resource estimate for its Eldor rare earth element project in Quebec. The estimate defined an inferred resource of 117.34 million tonnes grading 1.74% total rare earth oxides. This is one of the largest rare earth deposits outside of China. The company is conducting further drilling to expand and define higher grade zones of the resource. The analyst raised Commerce's fair value estimate to C$2.13 per share based on the resource size and comparable transaction values, maintaining a "Buy" rating. However, the company remains highly speculative as it has no operating mines currently.
The document reports on an updated resource estimate for the Ashram Rare Earth Element Deposit in Quebec, Canada. Key points include:
- The inferred, indicated, and measured resource totals 219.8 million tonnes at 1.88% TREO, 27.7 million tonnes at 1.90% TREO, and 1.6 million tonnes at 1.77% TREO respectively.
- The deposit shows enrichment in critical rare earth elements like neodymium, europium, terbium, dysprosium, and yttrium near the surface.
- The resource estimate finds a 100% increase in tonnage and 8% increase in grade compared to the previous estimate
Oceanus press release El Tigre 13-09-2017Chris Helweg
Oceanus Resources Corporation announces an independent Mineral Resource Estimate for the El Tigre Property completed by P&E Mining Consultants Inc. which is detailed in Table 1 below. The El Tigre Property, located in Sonora, Mexico, is owned and operated by Oceanus Resources, and includes the El Tigre1, Fundadora2 and El Tigre Tailings3 Deposits.
Commerce Resources Corp. (TSXv: CCE) announced that the results from the second hole of the 2010 drilling program at the Eldor Project in Quebec, has further confirmed the potential for a significant new, and large tonnage, rare earth element ("REE") discovery at the Ashram Rare Earth Zone.
- Commerce Resources Corp. reported results from the first hole of its 2010 drilling program at the Eldor Project in Quebec, confirming potential for a significant rare earth element (REE) discovery.
- Hole EC10-027 intersected 1.72% total rare earth oxides over 215.30 meters, including higher grades over shorter intervals.
- Two additional holes intersected significant mineralized intervals and analytical results are pending. Drilling will continue to better define the Ashram REE zone, which remains open in several directions.
Commerce Resources Corp. reported results from the first two drill holes completed during their summer/fall exploration program at the Ashram Rare Earth Element Zone in Quebec. Both drill holes intersected significant mineralization of Total Rare Earth Oxides (TREO) including enriched zones of Middle and Heavy Rare Earth Oxides (MHREO). Notably, drill hole EC11-056 returned 1.76% TREO over 44.56 metres with a MHREO/TREO ratio of 15.6%, and expanded the known zone of MHREO enrichment. Results indicate the potential for further increased grades of REEs within the MHREO enriched zone which remains open for expansion.
Tms2013 cux puc charley creek presentation april 19 2013 v2 - 1135proedge2013
This document provides an overview and scoping study results for the Charley Creek Alluvial Rare Earth Project in Northern Territory, Australia. The project is a joint venture between Crossland Uranium Mines and Pancontinental Uranium and involves mining and processing alluvial heavy mineral sands to produce rare earth oxides. Key findings of the scoping study show the project has potential to be a low capital and operating cost producer of critical rare earth elements, with an estimated net present value of $302 million Australian dollars.
Commerce Resources Corp. has completed its 2013 summer field program at its 100% owned Ashram Rare Earth Element Deposit in northern Quebec. The program consisted of 12 drill holes and related geotechnical and hydrological work to increase the resource confidence and evaluate extensions to the deposit. Three drill holes in the northeast extended mineralization further than anticipated and are expected to lower the strip ratio outlined in the preliminary economic assessment. Phase I of the geotechnical and hydrological programs were also completed to evaluate pit stability and groundwater parameters. Environmental monitoring work also continued at the site.
South American Silver Corp's January 2012 Corporate Presentation. Learn about Malku Khota, one of the largest silver, indium and gallium resources, and Escalones, a large-scale copper project.
Commerce Resources Corp. announces a large indicated resource at the Upper Fir Tantalum and Niobium Deposit, Blue River, B.C.
Highlights include:
* AMEC has determined a base case Indicated mineral resource of 36.35 million tonnes containing 195 ppm (gpt) Ta2O5 and 1,700 ppm (gpt) Nb2O5. Base case Inferred mineral resources are 6.40 million tonnes containing 199 ppm (gpt) Ta2O5 and 1890 ppm (gpt) Nb2O5.
* AMEC concludes that the 2009 work program has markedly improved the interpretation of the geology of the Upper Fir tantalum- and niobium-bearing carbonatite, which in turn has resulted in an increase in confidence and size of the deposit.
* The selected base case resource model provides the foundation for the Preliminary Economic Assessment (“PEA”), which is ongoing under the direction of AMEC and which once completed, will provide the basis for a separate news release.
The document summarizes a preliminary economic assessment for the Upper Fir Tantalum-Niobium Deposit in British Columbia. Key findings include:
1) The assessment indicates positive cash flow for a 7,500 tonne per day underground mining operation, with cash costs of $24.91 per kg of tantalum.
2) Resources total 36.4 million tonnes of indicated resources at 195 ppm Ta2O5 and 1,700 ppm Nb2O5, plus 6.4 million tonnes of inferred resources at 199 ppm Ta2O5 and 1,890 ppm Nb2O5.
3) Over a 10 year mine life, the
The document discusses the conflict minerals provision of the Dodd-Frank Act, which requires companies to disclose whether their products contain minerals from the Democratic Republic of Congo. Complying with this provision will require companies to conduct due diligence on their supply chains to determine the origin of minerals like gold, tin, and tungsten. While some companies have already begun this process, most companies have yet to take action or are unaware of the requirement. The document provides an overview of the law's requirements and recommends KPMG's approach for conducting supply chain due diligence in accordance with international standards.
Commerce Resources Corp. (TSXv: CCE) announced that drilling is underway on the company's Eldor Tantalum-Niobium and Rare Earth Element Project located in northern Quebec. Up to 15 holes totaling 3,000 meters will be completed. The exploration program will also include prospecting, mapping, soil sampling, a ground magnetic survey and trenching.
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.
The document summarizes a preliminary economic assessment for the Ashram rare earth element deposit in northern Quebec. Key highlights include a pre-tax net present value of $2.32 billion, a 44% internal rate of return, and average annual rare earth oxide production of 16,850 tonnes over a proposed 25-year mine life. The assessment indicates that open-pit mining, on-site processing to produce a mixed rare earth carbonate, and trucking the product to a port for shipping can be economically viable based on the deposit's mineral resources.
Commerce Resources Corp. announced an initial inferred resource estimate for its Eldor rare earth element project in Quebec. The estimate defined an inferred resource of 117.34 million tonnes grading 1.74% total rare earth oxides. This is one of the largest rare earth deposits outside of China. The company is conducting further drilling to expand and define higher grade zones of the resource. The analyst raised Commerce's fair value estimate to C$2.13 per share based on the resource size and comparable transaction values, maintaining a "Buy" rating. However, the company remains highly speculative as it has no operating mines currently.
The document reports on an updated resource estimate for the Ashram Rare Earth Element Deposit in Quebec, Canada. Key points include:
- The inferred, indicated, and measured resource totals 219.8 million tonnes at 1.88% TREO, 27.7 million tonnes at 1.90% TREO, and 1.6 million tonnes at 1.77% TREO respectively.
- The deposit shows enrichment in critical rare earth elements like neodymium, europium, terbium, dysprosium, and yttrium near the surface.
- The resource estimate finds a 100% increase in tonnage and 8% increase in grade compared to the previous estimate
Oceanus press release El Tigre 13-09-2017Chris Helweg
Oceanus Resources Corporation announces an independent Mineral Resource Estimate for the El Tigre Property completed by P&E Mining Consultants Inc. which is detailed in Table 1 below. The El Tigre Property, located in Sonora, Mexico, is owned and operated by Oceanus Resources, and includes the El Tigre1, Fundadora2 and El Tigre Tailings3 Deposits.
Commerce Resources Corp. (TSXv: CCE) announced that the results from the second hole of the 2010 drilling program at the Eldor Project in Quebec, has further confirmed the potential for a significant new, and large tonnage, rare earth element ("REE") discovery at the Ashram Rare Earth Zone.
- Commerce Resources Corp. reported results from the first hole of its 2010 drilling program at the Eldor Project in Quebec, confirming potential for a significant rare earth element (REE) discovery.
- Hole EC10-027 intersected 1.72% total rare earth oxides over 215.30 meters, including higher grades over shorter intervals.
- Two additional holes intersected significant mineralized intervals and analytical results are pending. Drilling will continue to better define the Ashram REE zone, which remains open in several directions.
Commerce Resources Corp. reported results from the first two drill holes completed during their summer/fall exploration program at the Ashram Rare Earth Element Zone in Quebec. Both drill holes intersected significant mineralization of Total Rare Earth Oxides (TREO) including enriched zones of Middle and Heavy Rare Earth Oxides (MHREO). Notably, drill hole EC11-056 returned 1.76% TREO over 44.56 metres with a MHREO/TREO ratio of 15.6%, and expanded the known zone of MHREO enrichment. Results indicate the potential for further increased grades of REEs within the MHREO enriched zone which remains open for expansion.
Tms2013 cux puc charley creek presentation april 19 2013 v2 - 1135proedge2013
This document provides an overview and scoping study results for the Charley Creek Alluvial Rare Earth Project in Northern Territory, Australia. The project is a joint venture between Crossland Uranium Mines and Pancontinental Uranium and involves mining and processing alluvial heavy mineral sands to produce rare earth oxides. Key findings of the scoping study show the project has potential to be a low capital and operating cost producer of critical rare earth elements, with an estimated net present value of $302 million Australian dollars.
Commerce Resources Corp. has completed its 2013 summer field program at its 100% owned Ashram Rare Earth Element Deposit in northern Quebec. The program consisted of 12 drill holes and related geotechnical and hydrological work to increase the resource confidence and evaluate extensions to the deposit. Three drill holes in the northeast extended mineralization further than anticipated and are expected to lower the strip ratio outlined in the preliminary economic assessment. Phase I of the geotechnical and hydrological programs were also completed to evaluate pit stability and groundwater parameters. Environmental monitoring work also continued at the site.
South American Silver Corp's January 2012 Corporate Presentation. Learn about Malku Khota, one of the largest silver, indium and gallium resources, and Escalones, a large-scale copper project.
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.
The document summarizes a presentation by Edgewater Exploration Ltd about the Corcoesto Gold Project in Galicia, Spain. Key points include:
- Edgewater purchased the project in 2010 and has conducted drilling programs to expand resources and evaluate economics.
- The project has measured and indicated resources of 1 million ounces gold and inferred resources of 885,000 ounces gold.
- Gold mineralization consists of arsenopyrite-bearing quartz veins and is controlled by the structural setting of the area.
- A 2011 PEA outlined average annual production of 102,000 ounces gold over a 9.9 year mine life with an NPV of $206 million at a gold price of $1,300
South American Silver February 2012 Corporate Presentationsoamsilver
South American Silver's February 2012 Corporate Presentation. Learn about the Malku Khota silver-indium project in Bolivia and Escalones copper-gold project in Chile.
Pele Mountain Resources Inc. is developing the Eco Ridge Rare Earth and Uranium Project located in Elliot Lake, Ontario. The project has an indicated resource of 48.7 million tonnes containing 124,295,000 lbs of total rare earth oxides and 27,661,000 lbs of uranium oxide. A preliminary economic assessment indicates the project could have an after-tax IRR of 50% and payback period of 1.5 years. The project is expected to produce critical rare earths, neodymium oxide, and uranium oxide, with production targeted to begin in 2015.
KGL Resources (ASX:KGL) Investor Presentation September 2014Symposium
September 2014 – KGL Resources ASX:KGL, presented their latest investment update to over 300 investors in Sydney and Melbourne.
In this investor update, Simon Milroy, Managing Director of KGL gives an overview of their current position and opportunities.
For more information about KGL Resources, visit http://www.kglresources.com.au
For more information about Symposium’s Investor Roadshows, visit http://symposium.net.au/InvestorRoadshow/
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 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) 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. closed a second tranche of a non-brokered private placement, raising an additional $323,796 through the sale of 2,943,600 flow-through shares. In total across both tranches, the company raised $1,974,225 from the sale of 17,947,500 flow-through shares. The proceeds will be used to fund qualified exploration expenditures at the company's mineral properties in Quebec, including its Ashram Rare Earth Element Deposit. Commerce Resources Corp. is focused on the development of rare metal and rare earth deposits in Quebec and British Columbia.
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. announces a non-brokered private placement of up to 23 million flow-through shares at $0.11 per share, for gross proceeds of up to $2.53 million. The proceeds will be used to fund exploration at the company's Ashram Rare Earth Element Deposit in Quebec. The private placement is subject to TSX Venture Exchange approval. Commerce Resources is focused on developing its Ashram and Blue River rare metal deposits in Quebec and British Columbia.
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. (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. 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, 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. issued a news release to clarify and correct disclosures about its preliminary economic assessments of rare earth element deposits. The company did not properly disclose cautionary language regarding the preliminary and speculative nature of the assessments. It also failed to specify metrics were pre-tax and did not report measured and indicated resource quantities separately. The company has removed outdated presentations and modified disclosures on its website to provide clear and compliant statements regarding the preliminary assessments and resource estimates.
More from Commerce Resources Corp. (TSXv:CCE) (20)
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
1. Commerce Resources’ Ashram Rare Earth Element Deposit Confirmed as a
Large Inferred Resource, Eldor Project, Quebec
Inferred Mineral Resource: 117.34 Million Tonnes averaging 1.74% TREO
March 3, 2011 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF)
(the “Company” or “Commerce”) is pleased to announce the first National Instrument 43-101
compliant mineral resource estimate for the Ashram Rare Earth Element (“REE”) Zone at the
Eldor Project in Quebec. The Eldor Project is located in northeastern Quebec approximately 130
kilometres south of the community of Kuujjuaq. The resource estimate was prepared by SGS
Canada Inc. – Geostat (“SGS Geostat”) of Montreal, Quebec, who have recommended an
aggressive exploration and development program to rapidly advance the project.
Mineral resources were estimated by SGS Geostat applying four different Total Rare Earth
Oxide (“TREO”) cut-off grades, with a base-case resource estimated using a TREO cut-off grade
of 1.25%. At this cut-off, the Ashram Zone hosts an Inferred Resource of 117,340,000
tonnes grading 1.74% TREO. The mineral resource estimate for TREO cut-offs of 1.00%,
1.25% (base case), 1.50% and 1.75% are outlined in the table below.
Table: Mineral Resources Estimate - Eldor Property - Ashram REE Deposit
Cut-off
Resources TREO LREO IREO HREO Y2O3 CaF2
Grade Tonnes*
Categories (%)** (%)** (%)** (%)** (%)** (%)***
TREO (%)
1.00% Inferred 134,970,000 1.663 1.538 0.067 0.018 0.040 5.30
1.25%
Inferred 117,340,000 1.740 1.612 0.069 0.019 0.040 5.56
(base case)
1.50% Inferred 95,000,000 1.818 1.687 0.071 0.019 0.041 5.78
1.75% Inferred 50,950,000 1.966 1.831 0.074 0.020 0.042 6.15
*Rounded to nearest 10,000. ** Rounded to nearest 0.001. *** Rounded to nearest 0.01
Notes:
• Effective date March 1, 2011.
• Mineral resources are not mineral reserves and do not have demonstrated economic viability.
2. • Bulk density of 3.0 t/m3 used.
• Total Rare Earth Oxides (TREO) include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3,
Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3.
• Light Rare Earth Oxides (LREO) include: La2O3, Ce2O3, Pr2O3 and Nd2O3.
• Intermediate Rare Earth Oxides (IREO) include: Sm2O3, Eu2O3 and Gd2O3.
• Heavy Rare Earth Oxides (HREO) include: Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3 and Lu2O3.
Mineral Resources Estimate ‐ Eldor Property ‐ Ashram REE Deposit
Cut‐off Grade Resources La2O3 Ce2O3 Pr2O3 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb2O3 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3
TREO (%)
Tonnes* (%)** (%)** (%)** (%)** (%)** (%)** (%)** (%)** (%)** (%)** (%)** (%)** (%)** (%)**
Categories
1.00% Inferred 134,970,000 0.411 0.759 0.080 0.288 0.037 0.009 0.021 0.002 0.010 0.001 0.003 0.000 0.002 0.000
1.25%
Inferred 117,340,000 0.435 0.796 0.083 0.298 0.038 0.009 0.022 0.002 0.010 0.001 0.003 0.000 0.002 0.000
(base case)
1.50% Inferred 95,000,000 0.459 0.834 0.086 0.308 0.039 0.009 0.023 0.002 0.010 0.001 0.003 0.000 0.002 0.000
1.75% Inferred 50,950,000 0.506 0.905 0.093 0.328 0.041 0.010 0.023 0.002 0.010 0.001 0.003 0.000 0.002 0.000
Effective date March 1, 2011. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
* Rounded to nearest 10,000. ** Rounded to nearest 0.001. Bulk density of 3.0 t/m3 used. TREO includes Y2O3.
“Commerce’s exploration efforts at the Eldor Project have succeeded in outlining a major new
large-tonnage, near-surface rare earth element deposit in about six months from the completion
of the first drill hole at the Ashram Zone,” stated Mr. Jody Dahrouge, Vice President of
Exploration. “Exploration during 2011, which will include both step-out and infill drilling, will
provide us with the opportunity to significantly expand the deposit, outline locations with high
grade mineralisation, and define near-surface zones with significant enrichment in the middle
and heavy rare earth elements.”
The Ashram Zone begins at surface and is open to the north, south, east, at depth, and is not fully
constrained to the west. During 2011, Commerce intends to advance the project with additional
diamond drilling at the Ashram Zone and at other high-priority REE exploration targets located
at the property. In addition, the Company will commence a program of metallurgical testing and
continue ongoing mineralogical studies.
“This large tonnage, initial resource estimate is a significant milestone for Commerce and the
Eldor Project,” said Mr. Dave Hodge, President. “The resource confirms the importance of the
project and puts Commerce in a unique and attractive position in that we control one of the
largest rare earth deposits with NI 43-101 compliant resources outside of China. We intend to
continue to advance the project rapidly with the aim to expand the deposit and continue to define
zones of enrichment in the middle and heavy rare earths that are unique for these deposit types.
The deposit is host to a significant inventory of high-demand, light-rare earths with significant
zones of enrichment in middle and heavy rare earths.”
3. Commerce recently 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. The drill
program commenced today, March 2nd, and will continue as long as weather permits.
Ashram Mineral Resource Estimate Details
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 mineral
resource estimate has been completed using a three-dimensional wireframe modelling followed
by block model interpolation methodology. The wireframe model was interpreted by Commerce
under the supervision of SGS Geostat.
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. The interpolation process was conducted using
ordinary kriging using assay composites of three metres in length. The mineral resources were
estimated using the software SectCad version 5.5.18. No capping was applied to the assays.
Results are presented undiluted and in situ. A bulk density of 3 tonnes per cubic metre was used
to calculate tonnages from the volumetric estimates of the mineral resources block model. The
bulk density used is an average of 449 specific gravity measurements taken from core samples.
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.
NI 43-101 Disclosure
Jody Dahrouge, P.Geo., Vice-President Exploration of Commerce Resources Corp., a qualified
person as defined by National Instrument 43-101, supervised the preparation of the technical
information in this news release.
André Laferrière, M.Sc. P.Geo., from SGS Canada Inc. - Geostat, an independent qualified
person as defined by National Instrument 43-101, is responsible for the mineral resource estimate
for the Ashram Zone and has verified the data disclosed in this release.
The Technical Report, compliant with National Instrument 43-101 standards, describing the
mineral resource estimation and providing details of the 2010 drilling and sampling will be filed
on SEDAR (www.sedar.com) within 45 days.
4. 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 developing its Upper Fir Tantalum and Niobium Deposit in
British Columbia and is also exploring its Eldor Rare Earth Project in northern Quebec and the
Carbo Rare Earth Project in northern British Columbia.
For more information please visit the corporate website at http://www.commerceresources.com
or contact Investor Relations at 1.866.484.2700 or info@commerceresources.com.
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.