UPDATE: Commerce Resources Up Nearly 4%, Moves Away From Near Yr Lows on Ashram Deposit Update
Commerce Resources Corp. (CCE.V), which lost nearly 5% yesterday, recouped most of those losses today and moved away from near a year low $1.29 as it reported the results for an additional five drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element Deposit, at the Eldor Project in northern Quebec.
Of the results, it said two holes have significantly expanded the Middle and Heavy Rare Earth Oxide zone at depth, increasing it to more than 175 metres from surface. Highlights are as follows: Drill Hole EC11-075, 104.19 metres of 12.7% MHREO at 1.54% Total Rare Earth Oxides; Drill Hole EC11-076A, 176.43 metres of 12.3% MHREO at 1.56% TREO.
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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.
