The Conversation (0)
Commerce Resources Corp. (CVE:CCE) reports on the summer exploration activities at its Eldor project in northern Quebec.
The press release is quoted as saying:
Commerce’s 2011 summer drilling program is well underway with two drill rigs currently operating on site. The Company plans to complete a minimum of 7,500 metres of drilling as part of the program. The objective of the program is threefold: (i) to upgrade a portion of the current resource at the Ashram Zone from the “inferred” to the “indicated” category; (ii) to continue to expand the size of the Ashram Zone and to test for areas of higher grades and middle and heavy rare earth element (“REE”) enrichment; and (iii) to test additional REE targets within the Eldor Carbonatite Complex.
Commerce’s President & Director, Dave Hodge says:
“Over the past twelve months we have had many significant achievements and milestones at Eldor including the discovery of the Ashram Zone, an initial resource estimate and a successful winter drill program which expanded the deposit significantly.” “Now we are rapidly moving through the next stage of development, with additional drilling, as well as metallurgical, mineralogical and environmental studies which will lay the foundation for a resource update and Preliminary Economic Assessment.”
Click here to access the entire news release.
Click here to access Commerce Resources’ company profile.(TSXV:CCE)