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Commerce Resources Corp.
Summary
| Project: | Ashram Rare Earth | |
|---|---|---|
| Deposit: | Ashram Rare Earth | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 11/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 28-11-2019: Commerce Resources Corp. announces an Exploration/Drilling Update report for its Ashram Rare Earth deposit at the Ashram Rare Earth project. Assays from 2016 drill core. November 28 th, 2019 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H0) (t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Darren L. Smith (Dahrouge Geological Consulting Ltd.) | |
| ABSTRACT: | November 28 th, 2019 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H0) (the “Company” or “Commerce”) is pleased to announce analytical results for drill core recently analyzed from the Ashram Rare Earth and Fluorspar Deposit, located approximately 130 km south of Kuujjuaq, Quebec. The analytical results announced herein are from drill holes completed in 2016, in which core samples were only recently submitted for analysis. During the 2016 field campaign, fourteen (14) drill holes totalling approximately 2,014 m were completed as part of the resource definition drilling at Ashram, focused along the northern (EC16- 160 and 161), western (EC16-162 to 166, and 170), and southern (EC16-157 to 159, and 167 to 169), margins of the deposit. The drill core was sampled during the 2016 and 2017 field programs; however, due to market conditions at the time, as well as diligent financial prudence, the core was placed into secure storage and only recently submitted for analysis in the fall of 2019. With assay results now received, the 2016 drill program confirms intervals of strong rare earth element (REE) mineralization through to the outer boundary of the deposit’s A-B zones, as evidenced by EC16-166 with 2.16% REO over 53.6 m near the deposit’s western margin, and EC16-159 with 2.38% REO over 64.5 m, including 3.02% REO over 28.4 m, near the deposit’s southern margin. Further, this intersection from EC16-159 is one of the highest-grades returned from this area of the deposit to date. | |
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