Commerce Resources Corp. (CCE.V) reported the results for an additional 11 drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element Deposit at the Eldor Project in northern Quebec. A total of 33 drill holes were completed with assays pending for 18.
It said the summer, fall program continued to return lengthy intersections of REE mineralization, including several lying outside of the area used to calculate the initial NI 43-101 resource estimate. Highlights are as follows: Drill Hole EC11-064: 491.05 metres of 2.04% Total Rare Earth Oxides; Drill Hole EC11-068: 218.74 metres of 2.20% TREO; Drill Hole EC11-059: 123.41 metres of 2.47% TREO.
The rare earth mineralized footprint at Ashram now extends approximately 700 metres along strike, over 500 metres across, and to depths exceeding 600 metres. Mineralization remains open to the north, south, at depth, and is not fully constrained to the west and east.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
