Commerce Resources Corp. Provides Update on Drill Program at Ashram Rare Earth Deposit

Commerce Resources Corp. (TSXV:CCE) announced an update on the drill program at Ashram Rare Earth Deposit located in northern Quebec.

As quoted in the market news,

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 mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

Click here for the full Commerce Resources Corp. (TSXV:CCE) press release