Commerce Resources Begins Phase II of 2015 Drill Program at Ashram
Commerce Resources (TSXV:CCE) announced that the second phase of its 2015 drill program at its Ashram Rare Earth deposit in Quebec. The summer/fall drill program is expected to be completed in December.
Commerce Resources (TSXV:CCE) announced that the second phase of its 2015 drill program at its Ashram Rare Earth deposit in Quebec. The summer/fall drill program is expected to be completed in December.
As quoted in the press release.
The program will consist of approximately 3,000 metres (~32 holes) and will focus on the remaining resource infill, mine-site infrastructure assessment, and hydrological test work as required for the ongoing Pre-feasibility Study (PFS).
Approximately 2,200 m (17 holes) will be completed as part of the infill drill program in order to increase the resource confidence from the current inferred category to the indicated and/or measured categories. An indicated or measured resource category is required for all in-pit mineralized material in order to convert mineral resources to ore reserves as required for the completion of the PFS.
The infill drilling will comprise NQ and HQ core size with hole depths ranging from 50 to 200 m. In addition, one drill hole will target a gravity anomaly proximal to the south of the deposit. This anomaly is postulated to be related to the middle and heavy rare earth oxide mineralization present at Ashram, which has been associated with a strong gravity anomaly.
The infrastructure assessment will include an estimated 14 geotechnical drill holes (~600 m), of which, 2-3 will also serve as condemnation drill holes to be located at the mill and ancillary structure site, as well as the tailings management facility site options (both conventional and drystack). Drill hole depths are anticipated to range from 10 m to 150 m.
Click here to read the Commerce Resources (TSXV:CCE) press release
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