Commerce Resources (CVE:CCE) reports that it is in receipt of analytical results for the remaining five holes from the 2010 drill program at the Ashram Rare Earth Zone.
The press release is quoted as saying:
The 2010 drill program at the Ashram Rare Earth Zone consisted of 12 holes totalling 3,312.67 metres. REE mineralization occurs within an area measuring in excess of 650 m east-west, by 350 m north-south, to depths of 365 m. The mineralization remains open to the north, south, east, at depth, and is not fully constrained to the west.
A 43-101 compliant resource estimate, based on the first 12 holes at the Ashram Rare Earth Zone, will be forthcoming from SGS Geostat Ltd. (“SGS”) of Montreal, Quebec. All exploration data has been delivered to SGS and a property visit has been completed. It is anticipated that the resource estimate will be completed within the first quarter of 2011 and will be reported as soon as it is received.