VANCOUVER, BC / ACCESSWIRE / December 8, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce")") is pleased to announce assay results from Saville Resources Inc.'s (SRE)(S0J) ("Saville Resources") maiden drill program (EC21-178, 179, 180, and 181) completed on the Miranna Prospect as part of its 2021 diamond drill program at the Niobium Claim Group Property (the "Property"), owned by Commerce. The Property covers several prospective and advanced-stage niobium-tantalum targets, where Saville Resources is completing an Earn-in Agreement for up to a 75% interest in the claim group.
The 2021 drill program, completed in July, included seven (7) holes totalling 1,349 m split over two prospects - Mallard (681 m over 3 holes) and the Miranna Prospect (668 m over 4 holes). The results of the drill holes targeting the Mallard Prospect were announced November 1st, 2021, and include the best niobium intersection to date. The maiden drilling at Miranna followed and has also demonstrated the potential for >1% Nb2O5 mineralization at depth.
Core sample assay highlights at Miranna include:
- 20.4 m of 0.72% Nb2O5 and 5.7% P2O5 (EC21-180), including,
- 3.1 m of 1.20% Nb2O5 and 7.6% P2O5, or
- 4.6 m of 0.97% Nb2O5 and 6.4% P2O5
The four drill holes completed by Saville Resources at Miranna are the first to date to test the Miranna Prospect and were scoping in nature. Each drill hole, ranging in depth from 140 m to 236 m, was designed to test a different area of the geophysical anomaly that defines the prospect - the north-northwest margin, east-northeast margin, and the anomaly centre - with the objective of identifying the most prospective area for follow-up. Saville Resources also reported that drill hole EC21-180 achieved this objective, returning significant mineralization downhole, including 1.20% Nb2O5 over 3.1 m within a larger interval of 0.72% Nb2O5 over 20.4 m. The potential of this area is further emphasized by the additional mineralization encountered from surface in drill hole EC21-180 at 0.61% Nb2O5 over 7.9 m. Core assay highlights for all four (4) Miranna holes are presented in Table 1 and Figure 1.
Table 1: 2021 drill hole results for the Mallard and Miranna prospects
The high-grade mineralization encountered in EC21-180 is hosted within dark grey phoscorite to cream-grey phoscorite-calcite carbonatite units with minor to abundant magnetite and local dolomitization. This rock type and mineralogy is consistent with one of the common rock types present in the high-grade boulder train, in which the bedrock source is interpreted to be the Miranna geophysical anomaly (Figure 2).
The high-grade mineralization encountered in the 2021 Miranna and Mallard drill holes is present within 110 m of surface and is locally known to reach surface. Coupled with the presence of numerous high-grade, glacially dispersed boulders, suggests that open-pit extraction methods may be potentially applicable in a development scenario. By comparison, several of the more advanced niobium focused projects in North America are being developed using underground extraction scenarios due to significant amounts of overburden, including North America's only operating niobium mine - Niobec. Overburden thickness at Miranna and Mallard is less than 10 m.
Saville Resources also announced that the field programs were carried-out while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. The process to enter Nunavik was successfully navigated with authorization obtained to complete the planned field activities. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec. Saville Resources also reported that no cases of COVID-19 were documented with respect to the 2021 exploration program.
Quality Assurance / Quality Control (QAQC)
A quality assurance / quality control protocol following industry best practices was incorporated by Saville Resources into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 5%. Drill holes were sampled from top to bottom and shipped to Activation Laboratories in Ancaster, ON for analysis.
Lab analysis included niobium, tantalum, and major oxides by X-ray fluorescence (package 8-Coltan XRF + Major Oxides) and fluorine by Fusion Specific Ion Electrode-ISE (Code 4F-F). Standard drill core sample preparation was completed and comprised of crushing to 80% passing 10 mesh, followed by a 250 g riffle split and pulverizing to 95% passing 105 µ (package RX1).
The Company also announces that it has granted an aggregate of 2,500,000 stock options (each, an "Option") to certain directors, officers, employees and consultants of the Company for the purchase of up to 2,500,000 common shares of the Company pursuant to its Stock Option Plan. Each Option is exercisable for a period of two (2) years at a price of $0.23 per common share. Of these Options, 150,000 are being granted to persons providing investor relations services to the Company and, pursuant to the policies of the TSX Venture Exchange, must vest over 12 months from the issuance date, with 25% vesting in each three (3) month period after the grant of the Options.
Figure 1: 2021 drill assay highlights - Miranna Prospect
Figure 2: Miranna mineralized boulder train
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and 'Qualified Person' as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.
About Commerce Resources Corp.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.
For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"Chris Grove"
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include that we believe the niobium potential at the Mallard and Miranna prospects to be promising; that an open pit extraction method may be potentially applicable; and that there is potential for additional mineralization in the Miranna area based on the results of drill hole EC21-180, the Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that our contracted engineering firms, or those contracted by Saville Resources, may not be able to provide engineering solutions which are effective or can be implemented economically; changing costs for mining and processing; increased capital costs; the timing and content of any future work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process or the process utilized by Saville Resources on our Property may not prove successful and even if such tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our Property cannot be economically mined, if at all, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE: Commerce Resources Corp.
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不列顛哥倫比亞省溫哥華/ACCESSWIRE/2021年12月8日/商業資源公司(多倫多證券交易所股票代碼:CCE)(FSE: D7H0)(OTCQX: CMRZF)(“公司” 或 “商業”))欣然宣佈薩維爾資源公司的化驗結果。”s (SRE) (S0J)(“Saville Resources”)在米蘭納勘探區完成了首次鑽探計劃(EC21-178、179、180和181),這是其2021年在商務部擁有的鈮索賠集團財產(“財產”)的鑽石鑽探計劃的一部分。該物業涵蓋了幾個潛在的和後期的鈮鉭目標,Saville Resources正在其中完成一份收益協議,要求在索賠組中獲得高達75%的權益。
2021年的鑽探計劃於7月完成,包括七(7)個鑽孔,總長度爲1,349米,分佈在兩個勘探區——馬拉德(3個鑽孔681米)和米蘭娜勘探區(4個鑽孔668米)。針對 Mallard Prospect 的鑽孔結果已於 11 月 1 日公佈st,2021 年,幷包括迄今爲止最好的鈮交叉點。隨後在 Miranna 進行了首次鑽探,也表明了 Nb 的潛力 > 1%2O5 深度礦化。
Miranna 的核心樣本分析亮點包括:
- 2,04 萬個 0.72% 的鈮含量2O5 還有 5.7% P2O5 (EC21-180),包括
- 3.1 m of 1.20% Nb2O5 還有 7.6% P2O5,或
- 4.6 m(0.97% Nb)2O5 還有 6.4% P2O5
Saville Resources在米蘭納完成的四個鑽孔是迄今爲止第一個測試米蘭納勘探區的鑽孔,也是自然界中的瞄準孔。每個鑽孔的深度從140米到236米不等,旨在測試定義前景的不同地球物理異常區域——西北邊緣、東北東北邊緣和異常中心——目的是確定最具前景的後續區域。Saville Resources 還報告說,EC21-180 鑽孔實現了這一目標,在井下回收了大量礦化物,包括 1.20% 的氮2O5 在 0.72% Nb 的更大間隔內超過 3.1 m2O5 超過 20.4 m。在 Nb 含量爲 0.61% 的 EC21-180 鑽孔中,地表出現了額外的礦化作用,這進一步凸顯了該區域的潛力2O5 超過 7.9 m。所有四 (4) 個 Miranna 洞的核心分析亮點如表 1 和圖 1 所示。
表 1:2021 年 Mallard 和 Miranna 潛在客戶的鑽孔結果
EC21-180 中遇到的高品位礦化位於深灰色磷礦至奶油灰色磷礦-方解石碳酸鹽巖單元中,磁鐵礦微量至豐富,局部白雲石化。這種岩石類型和礦物學與高等級巨石列中存在的一種常見岩石類型一致,其中基岩來源被解釋爲米蘭納地球物理異常(圖 2)。
2021 年 Miranna 和 Mallard 鑽孔中遇到的高品位礦化物存在於距離地表 110 米以內,當地已知會到達地表。再加上大量高品位、冰川分散的巨石的存在,表明露天開採方法可能適用於開發場景。相比之下,由於有大量的覆蓋層,包括北美唯一正在運營的鈮礦——Niobec,北美一些更先進的以鈮爲重點的項目正在使用地下開採情景進行開發。米蘭娜和綠頭鴨的覆蓋層厚度小於 10 米。
Saville Resources還宣佈,實地項目是在遵守由於 COVID-19 疫情而實施的所有聯邦、省和地區限制措施的情況下進行的。在獲得授權後,進入努納維克的過程順利完成,完成了計劃中的實地活動。礦產勘探已被加拿大和魁北克省公認爲一項基本服務。薩維爾資源還報告說,沒有記錄與2021年勘探計劃有關的 COVID-19 病例。
質量保證/質量控制 (QAQC)
Saville Resources將遵循行業最佳實踐的質量保證/質量控制協議納入該計劃,其中包括系統地在樣品批次中插入石英毛坯和經過認證的參考材料,以及收集四分之一核心副本,比例約爲5%。從上到下對鑽孔進行採樣,然後運往安大略省安卡斯特的活化實驗室進行分析。
實驗室分析包括通過X射線熒光(封裝8-Coltan XRF +主要氧化物)獲得的鈮、鉭和主要氧化物,以及通過聚變特異性離子電極-ISE(代碼 4F-F)得出的氟。標準鑽芯樣品製備工作已經完成,包括破碎至 80%,通過 10 目,然後分割 250 g 裂片,然後粉碎至 95%,通過 105 µm(包裝 RX1)。
該公司還宣佈,它已向公司的某些董事、高級職員、員工和顧問授予了總計2,500,000份股票期權(每份均爲 “期權”),用於根據其股票期權計劃購買公司最多2,500,000股普通股。每份期權的行使期限爲兩(2)年,每股普通股價格爲0.23美元。在這些期權中,15萬份發放給向公司提供投資者關係服務的個人,根據多倫多證券交易所風險交易所的政策,必須在自發行之日起的12個月內進行歸屬,期權授予後的每三(3)個月內有25%的歸屬。
圖 1:2021 年鑽探分析亮點——米蘭納展望
圖 2:Miranna 礦化巨石火車
NI 43-101 披露
Darren L. Smith,理學碩士,P.Geo.,Dahrouge Geologues Ltd.,魁北克地質學勳章的許可證持有者,也是國家儀器 43-101 中定義的 “合格人員”- 礦產項目披露標準,監督了本新聞稿中技術信息的編寫。
關於商業資源公司
Commerce Resources Corp. 是一家初級礦產資源公司,專注於開發位於加拿大魁北克的阿什拉姆稀土和氟石礦牀。該公司定位成爲全球成本最低的稀土生產商之一,特別關注成爲全球市場混合稀土碳酸鹽和/或氧化釹鐵的長期供應商。Ashram礦牀的特點是簡單的稀土(獨居石、bastnaesite、xenotime)和脈石(碳酸鹽)礦物學,是品位有利的大噸位資源,並已證明可以生產高回收率(> 70%)的高品位(> 45% REO)礦物精礦,與活躍的全球生產商一致。除了是全球最大的稀土礦牀之一外,Ashram還是全球最大的螢石礦牀之一,有可能成爲金屬晶石和酸晶石市場的長期供應商。
欲了解更多信息,請訪問公司網站 www.commerceresources.com 或發送電子郵件至 info@commerceresources.com。
代表董事會
商業資源公司
“克里斯·格羅夫“
克里斯·格羅夫
總裁兼主任
電話:604.484.2700
電子郵件:cgrove@commerceresources.com
網頁:
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
前瞻性陳述
本新聞稿包含前瞻性陳述,其中包括有關公司認爲、預期或預期未來將發生或可能發生的活動、事件或事態發展的任何信息。本新聞稿中的前瞻性聲明包括:我們認爲Mallard和Miranna的鈮礦潛力前景光明;露天開採方法可能適用;根據鑽孔 EC21-180 的結果,米蘭納地區有可能進一步礦化,該公司將定位爲全球成本最低的稀土生產商之一,特別側重於成爲混合稀土碳酸鹽和/或釹的長期供應商 PR 氧化物。這些前瞻性陳述受各種風險和不確定性以及其他因素的影響,這些因素可能導致實際事件或結果與前瞻性信息中的預測存在重大差異。可能改變或阻止這些陳述實現的風險包括:我們的合同工程公司或與薩維爾資源簽約的工程公司可能無法提供有效或可以經濟地實施的工程解決方案;採礦和加工成本的變化;資本成本增加;任何未來工作計劃的時間和內容;基於鑽探的地質解釋,隨着更詳細的信息可能會發生變化;潛在的工藝方法和基於有限測試工作的礦產回收假設而且,與被視爲類似的礦牀相比,經過進一步的測試可能無法進行比較;對我們的工藝或薩維爾資源在我們財產上使用的工藝的測試可能不成功,即使這些測試成功,經濟和其他結果也可能不如預期;所生產產品的勞動力、設備和市場的可用性;儘管該項目目前預計可行,但條件變化使我們財產上的礦物無法實現經濟上開採的(如果有的話),或者那個可以獲得建造和運營設想中的礦山所需的許可證。本新聞稿中包含的前瞻性陳述自發布之日起作出,除非法律要求,否則公司不承擔更新或修改此類信息以反映新事件或情況的責任。
來源:商業資源公司
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