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Commerce Resources Corp.
Summary
| Project: | Niobum | |
|---|---|---|
| Deposit: | Niobum | |
| Location: | Canada | |
| Commodities: | Niobium-Phosphorus-Tantalum | |
| Date: | 4/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-4-2018: Commerce Resources Corp. announces an Exploration/Drilling Update report for its Niobum deposit at the Niobum project. Drilling results incl. 74.25m @ 0.57% Nb2O5, 145ppm Ta2O5, 8.9% P2O5 . April 5, 2018 – Commerce Resources Corp. (TSXv: CCE, FS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darren Smith (Dahrouge Geological Consulting Ltd.) | |
| ABSTRACT: | April 5, 2018 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the “Company”) is pleased to provide an overview of the work completed to date on its Niobium Claim Group (the “Property”) located in northern Quebec, approximately 130 km south of Kuujjuaq. The Company has provided Saville Resources with all of the results collected on these claims since 2007, and Saville is currently delineating targets for their upcoming drill program at the Property. Saville is acquiring the Property based on the strong niobium-tantalum potential demonstrated from the considerable amount of exploration work completed to date (surface sampling, geophysics, and drilling). This work includes numerous surface samples grading >1% Nb2O5 and >1,000 ppm Ta2O5 to a peak assay of 16.1% Nb2O5 and 7,540 ppm Ta2O5 returned from the same boulder sample. This boulder sample assayed the highest Nb-Ta grade ever returned from the Eldor Carbonatite Complex and highlights the strong potential for high-grade discovery on the Property. Company President Chris Grove states “I continue to be excited by these excellent grades of niobium and by the prospect of further work being done on these areas by Saville Resources.” | |
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