Tantalum

Commerce Resources Corp. (CVE:CCE) reports its first National Instrument 43-101 compliant mineral resource estimate for the Ashram REE zone at the Eldor Project, Quebec.

Commerce Resources Corp. (TSXV:CCE) reports its first National Instrument 43-101 compliant mineral resource estimate for the Ashram REE zone at the Eldor Project, Quebec.

The press release is quoted as saying:

Mineral resources were estimated by SGS Geostat applying four different Total Rare Earth Oxide (“TREO”) cut-off grades, with a base-case resource estimated using a TREO cut-off grade of 1.25%. At this cut-off, the Ashram Zone hosts an Inferred Resource of 117,340,000 tonnes grading 1.74% TREO.

Commerce Resources’ VP of Exploration, Mr. Jody Dahrouge says:

“Commerce’s exploration efforts at the Eldor Project have succeeded in outlining a major new large-tonnage, near-surface rare earth element deposit in about six months from the completion of the first drill hole at the Ashram Zone.” “Exploration during 2011, which will include both step-out and infill drilling, will provide us with the opportunity to significantly expand the deposit, outline locations with high grade mineralisation, and define near-surface zones with significant enrichment in the middle and heavy rare earth elements.”

Click here to access the entire news release.

Click here to access Commerce Resources’ company profile.

MARKETS

Markets
TSX19694.16+74.03
TSXV666.01+1.84
DOW33017.52+214.05
S&P 5004173.73+28.54
NASD12758.46+100.90
ASX7015.60+40.70

COMMODITIES

Commodities
Gold1783.87+9.77
Silver20.44+0.62
Copper3.60+0.04
Palladium2239.00+123.00
Platinum944.00+12.00
Oil89.28+0.27
Heating Oil3.21-0.01
Natural Gas7.65-0.41

DOWNLOAD FREE REPORTS

×