Commerce Starts Drill Program at Ashram Rare Earth Deposit

Commerce Resources Corp. (TSXV:CCE) announced that it has initiated a winter drill program at its Quebec-based Ashram rare earth deposit.

The program, which will last six to eight weeks and include 1,000 to 1,500 meters of drilling, is to focus on infill holes over Centre Pond “to increase the confidence level of existing resources from the current inferred category to the indicated and/or measured categories.”

As quoted in the press release:

It is anticipated that the current winter drill program will be sufficient to fully define the heavy rare earth enrichment of the Middle and Heavy Rare Earth Element Oxide (‘MHREO’) Zone at the indicated or measured level, although this cannot be confirmed until a resource update is completed. The MHREO Zone is a unique section of the Ashram Deposit in that it has significant enrichment in the middle and heavy rare earth oxides, it is central to the overall deposit, it extends from surface to depths exceeding 178 metres, and is therefore anticipated that this material will be the focus of early development activities.

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