Commerce Resources Releases Assay Results from Ashram Deposit

Commerce Resources (TSXV:CCE,FWB:D7H) reported drill results from a further five drill holes from its Ashram rare earth deposit in Northern Quebec. Highlights included an intersection of 6.75 meters of 3.04 percent total rare earth oxides (TREO) including 1.45 meters of 4.56 percent TREO and 345 ppm Dysprosium. An intersection of 42.31 meters of 2.35 percent TREO was also reported within a larger interval of 163.31 meters of 20.7 percent TREO

As quoted in the press release:

The primary goal of the drill program was to increase the resource confidence from the current inferred category to the measured and/or indicated categories with infill drilling, as required for the ongoing Pre-feasibility Study (PFS). A total of 31 drill holes for 4,146 m were completed in the program, with 18 holes for 1,990 m remaining to be reported.

These five drill holes were located along the deposit’s western (EC15-118), northern (EC15-119), and eastern margins (EC15-120, 121, and 122). They were drilled for geotechnical, geomechanical, and hydrogeological purposes, in addition to infill drilling for the resource. Strong mineralization, including 2.23% over 32 m (EC15-119) and 2.35% over 42 m (EC15-121), continued to be encountered along the deposit margins (north and east) and are a higher grade intersection than the best intersections reported earlier from the first eight drill holes of the program.

Intersections of strong MHREO mineralization in drill hole EC15-121 and 122 were returned with 10.0% MH-T (MHREO divided by TREO expressed as a %) over 15.28 m at 1.85% TREO in EC15-122, including 1.45 m of 83 ppm Tb oxide, 345 ppm Dy oxide, 7,710 ppm Nd oxide, and 2,189 ppm Pr oxide for significant overall grade of magnet feed mineralization. Further, drill hole EC15-121 returned 15.5% MH-T over 1.67 m including 398 ppm Dy oxide. The highest Dy oxide assay returned to date is 791 ppm over 0.71 m in EC11-053 at 294 m depth.

Analytical results for the drill holes noted herein from the 2015 drill program are summarized in Table 1.

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