Sunday 11th December 2016

Resource Clips


Posts tagged ‘phosphate’

Commerce Resources announces successful close of 2016 field season

October 20th, 2016

by Greg Klein | October 20, 2016

A series of hydrogeological tests concluded the 2016 field season as Commerce Resources’ (TSXV:CCE) Ashram rare earths deposit moves towards pre-feasibility. Last month the company finished the year’s definition drilling and environmental data collection on the northeastern Quebec project.

“With the three main field objectives now completed, drill core processing and sample collection for analysis are the next steps,” the company stated.

Commerce Resources announces successful close of 2016 field season

Still to come are assays from the season’s
14-hole, 2,000-metre, near-surface drill campaign.

The hydrogeological data will help evaluate sub-surface water flow and slope stability of different pit shell configurations. The environmental program included surface water and groundwater samples for baseline data collection and related studies. Last June the Quebec government granted Commerce $300,000 towards studies to optimize tailings management.

The season’s drill program sunk 14 holes totalling about 2,000 metres on the deposit’s northern, western and southern margins. While assays are pending, “initial geologic review and portable XRF data indicates significant mineralization is present over appreciable widths in several holes,” Commerce added. The goal is to expand and upgrade the project’s 2012 high-grade, near-surface resource.

The company keeps busy on a number of fronts as the project advances. Metallurgical studies have simplified Ashram’s flowsheet and shown a potential byproduct in fluorspar. Ashram’s rare earth elements mostly appear in monazite and to a lesser extent bastnasite and xenotime, minerals that dominate commercial extraction processes. Ashram’s REE distribution shows enrichment in the critical and magnet feed elements neodymium, praseodymium, europium, terbium, dysprosium and yttrium.

While rare earths remain the company’s focus, a sampling program on the same property but one kilometre from the deposit brought a “spectacular” result of 5.9% niobium pentoxide last month. Forty out of 64 samples graded above 0.5% Nb2O5, with 16 surpassing 1%. Significant tantalum, phosphate and rare earth oxide grades were also found.

In August the company closed a private placement of $551,040 and the second tranche of a short-form prospectus that totalled nearly $1.45 million.

Commerce also holds the Blue River tantalum-niobium deposit in southeastern British Columbia, which reached PEA in 2011 and a resource update in 2013.

Read more about Commerce Resources.

Commerce Resources samples high-grade niobium outside its Ashram rare earths deposit

September 13th, 2016

by Greg Klein | September 13, 2016

A “spectacular” niobium assay has Commerce Resources TSXV:CCE enthused about an exploration target one kilometre from its Ashram rare earths deposit. A sampling program on the northern Quebec Eldor property strengthens the Miranna area’s niobium-tantalum-phosphate potential, with results up to 5.9% niobium pentoxide. But excited as the company is, work continues to focus on Ashram’s pre-feasibility studies.

“That’s the highest grade niobium sample I have ever seen on the planet,” says president Chris Grove. “I’ve never seen anything higher. This is spectacular.”

Commerce Resources samples 5.9% Nb2O5 outside its Ashram rare earths deposit

A serene-looking camp contrasts with activity
elsewhere on Commerce Resources’ Eldor property.

Of 64 samples, 40 assayed above 0.5% Nb2O5, with 16 surpassing 1%. The program also found significant grades of tantalum, phosphate and rare earth oxides. Two samples each graded above 1,000 ppm Ta2O5 and 1% Nb2O5, while several samples revealed more than 10% P2O5.

The samples also showed appreciable REE mineralization associated with the niobium, Commerce added.

The finding brings to mind the origin of Commerce, which was created around the Upper Fir project in southeastern British Columbia. The property’s Blue River tantalum-niobium deposit reached PEA in 2011 and a resource update in 2013.

Niobium’s price explosion in late 2006 sent Commerce looking for additional deposits, Grove says. That led the company to Eldor. But Ashram’s initial drill results switched the focus to rare earths.

And while Miranna now presents additional multi-commodity potential, work will continue to focus on Ashram’s pre-feas, Grove emphasizes.

The Miranna samples come from a glacial train of niobium-tantalum-phosphate mineralized boulders believed to be near their source. Some mineralized samples hold magnetite, suggesting a magnetic signature to the source. The company says a magnetic high immediately south, which appears to coincide with the train’s apex, could mark the bedrock source.

Previous mineralogical work indicates that Miranna’s niobium and tantalum mineralization is hosted by pyrochlore, the world’s dominant mineral source of niobium, Commerce stated. The pyrochlore’s coarse grains would also benefit recovery.

Meanwhile work continues at Ashram, where a near-surface program of 14 holes totalling 1,600 metres began last month. Metallurgical studies at a mini-pilot plant have simplified the project’s flowsheet. Busy on a number of fronts, a company priority remains producing samples to send to potential JV or offtake partners, who might then take part in the pre-feas.

“It would make sense to have a potential partner offer input on what our production scenario would be,” Grove points out. “We have a huge deposit and we can go bigger, go smaller or stay the same. So advice from a potential partner does make sense before we actually complete the pre-feas.”

Using a 1.25% cutoff, Ashram’s 2012 resource shows 1.59 million tonnes averaging 1.77% total rare earth oxides measured, 27.67 million tonnes averaging 1.9% indicated and 219.8 million tonnes averaging 1.88% inferred. The near-surface deposit remains open to the north and south, and at depth.

Ashram hosts REEs largely in monazite and to a lesser extent bastnasite and xenotime, minerals that dominate commercial extraction. Ashram’s distribution shows enrichment in the critical and magnet feed elements neodymium, praseodymium, europium, terbium, dysprosium and yttrium.

Read more about Commerce Resources.

December 16th, 2015

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Thibaut Lepouttre looks at gold, phosphate, oil and black swans Streetwise Reports
Graphite 2015: Graphene’s invisible potential Industrial Minerals
John Mauldin interviews George Friedman GoldSeek
Commodity faithful see some hope next year after 2015 heartbreak NAI 500

December 15th, 2015

Thibaut Lepouttre looks at gold, phosphate, oil and black swans Streetwise Reports
China is snookering the IMF and U.S. (again) on currency Equities Canada
Graphite 2015: Graphene’s invisible potential Industrial Minerals
John Mauldin interviews George Friedman GoldSeek
Commodity faithful see some hope next year after 2015 heartbreak NAI 500
Chinese-backed electric carmaker picks Nevada for $1-billion plant Stockhouse

June 6th, 2014

Tesla’s Gigafactory: The critical minerals impact Industrial Minerals
If you “sell in May and go away,” you might come home to lower returns Stockhouse
Secrets of strategic investors Streetwise Reports
1971 Murray Rothbard: The end of economic freedom GoldSeek
Tesla CTO on energy storage: “We should all be thinking bigger” VantageWire
Phosphates: Commodity overview Geology for Investors
Do baby boomers impact the U.S. labour force participation rate? Equedia

June 5th, 2014

If you “sell in May and go away,” you might come home to lower returns Stockhouse
Secrets of strategic investors Streetwise Reports
How lithium can change the solar landscape Industrial Minerals
1971 Murray Rothbard: The end of economic freedom GoldSeek
Tesla CTO on energy storage: “We should all be thinking bigger” VantageWire
Phosphates: Commodity overview Geology for Investors
Do baby boomers impact the U.S. labour force participation rate? Equedia

June 4th, 2014

Ricardo Carrion and Alberto Arispe: Finally, good news for mining in Peru Streetwise Reports
Why Martin Murenbeeld is moderately bullish on the outlook for gold Stockhouse
How lithium can change the solar landscape Industrial Minerals
1971 Murray Rothbard: The end of economic freedom GoldSeek
Tesla CTO on energy storage: “We should all be thinking bigger” VantageWire
Phosphates: Commodity overview Geology for Investors
Do baby boomers impact the U.S. labour force participation rate? Equedia

June 2nd, 2014

Ian Parkinson’s copper and gold names for a fresh round of M&A Streetwise Reports
Why Martin Murenbeeld is moderately bullish on the outlook for gold Stockhouse
How lithium can change the solar landscape Industrial Minerals
1971 Murray Rothbard: The end of economic freedom GoldSeek
Tesla CTO on energy storage: “We should all be thinking bigger” VantageWire
Phosphates: Commodity overview Geology for Investors
Do baby boomers impact the U.S. labour force participation rate? Equedia

May 30th, 2014

Vancouver mining entrepreneur wins round in Brent Pierce defamation suit Stockhouse
How lithium can change the solar landscape Industrial Minerals
1971 Murray Rothbard: The end of economic freedom GoldSeek
Tesla CTO on energy storage: “We should all be thinking bigger” VantageWire
Phosphates: Commodity overview Geology for Investors
Survival strategies in the Atacama Desert: Chilean lithium miners manage by playing the regs Streetwise Reports
Do baby boomers impact the U.S. labour force participation rate? Equedia

May 29th, 2014

How lithium can change the solar landscape Industrial Minerals
1971 Murray Rothbard: The end of economic freedom GoldSeek
Frank Holmes: In a flash, China looks strong Stockhouse
Tesla CTO on energy storage: “We should all be thinking bigger” VantageWire
Phosphates: Commodity overview Geology for Investors
Survival strategies in the Atacama Desert: Chilean lithium miners manage by playing the regs Streetwise Reports
Do baby boomers impact the U.S. labour force participation rate? Equedia