by Greg Klein | July 2, 2014
Delineation drilling has not only boosted Commerce Resources’ (TSXV:CCE) confidence in its Ashram rare earths resource but found a possible extension at depth. On July 2 the company released assays from 12 winter holes totalling 1,557 metres on the northern Quebec project. Their focus was Ashram’s Middle and Heavy Rare Earth Oxide zone. Some highlights show:
- 2.06% total rare earth oxides (TREO) over 189.24 metres, starting at 4.92 metres in downhole depth
- (including 2.13% over 172.66 metres)
- (which includes 2.32% over 96.66 metres)
The hole ended in 2.49% TREO mineralization.
- 1.8% over 186.92 metres, starting at 5.1 metres
- (including 2.01% over 81 metres)
The hole ended in 1.39% mineralization.
- 1.97% over 162.47 metres, starting at 10.06 metres
- (including 2.25% over 56.32 metres)
The hole ended in 2.6% TREO mineralization.
Some intercepts that suggest the MHREO zone extends at depth show:
- 1.6% over 42.39 metres, starting at 105.61 metres
- 1.47% over 48.87 metres, starting at 39.1 metres
True widths weren’t provided. Three of the 12 holes were sunk to determine the position of a dyke to drain a shallow pond covering most of the deposit.
Commerce president Dave Hodge stated that the deposit features relatively simple rare earth mineralogy amenable to over 40% TREO mineral concentrate grades at high recovery, making Ashram “clearly a standout in the REE space.”
Located in Quebec’s Labrador Trough, Ashram is part of the 19,000-hectare Eldor property which reached its preliminary economic assessment in 2012. The project now advances to pre-feasibility.
The company has also reached PEA at its Upper Fir tantalum-niobium deposit in southeastern British Columbia.
Disclaimer: Commerce Resources Corp is a client of OnPage Media Corp, the publisher of ResourceClips.com. The principals of OnPage Media may hold shares in Commerce Resources.