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Commerce Resources drilling to upgrade Ashram resource

by Greg Klein | March 21, 2014

Drilling has resumed at one of the world’s largest rare earth projects, Commerce Resources’ (TSXV:CCE) Ashram deposit on the 19,000-hectare Eldor property in Quebec’s Labrador Trough. About 1,000 to 1,500 metres of infill drilling will try to upgrade the project’s inferred resource to the indicated or measured categories, the company announced March 20.

The area of focus will be the MHREO (middle and heavy rare earth element oxide) zone, which Commerce terms “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.”

The company expects the current program to take six to eight weeks as the project advances towards pre-feasibility. Read more about the Eldor property.

Disclaimer: Commerce Resources Corp is a client of OnPage Media Corp, the publisher of The principals of OnPage Media may hold shares in Commerce Resources.

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