VANCOUVER, BC / ACCESSWIRE / December 22, 2021 / Commerce Resources Corp. (TSX-V:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce assay results received for the first four (4) holes completed at the Ashram Rare Earth and Fluorspar Deposit ("Ashram Deposit") as part of the 2021 drill program. The field program, completed in July-August 2021 in support of the Ashram Project's Prefeasibility Study, included twelve (12) drill holes totalling 2,814 m focused on resource infill within the planned open-pit shell.
Core sample assay highlights include:
- 2.19% rare earth oxide ("REO") over 302.0 m (EC21-187), including,
- 2.14% REO over 222.7 m (EC21-185), including,
- 1.71% REO over 297.6 m (EC21-183), including,
- 2.44% REO over 24.0 m (EC21-182)
The primary objective of the 2021 drill program at Ashram was to improve the confidence of the mineral resource (inferred -> indicated -> measured) in support of an updated mineral resource estimate to be completed as part of the ongoing Prefeasibility Study, which will also determine the initial mineral reserve estimate for the Ashram Project. Based on the drilling to date, the Company anticipates a large portion of Ashram's current inferred and indicated resources will be converted to indicated and measured resources.
All four (4) drill holes collared in mineralization starting at depths of 1.4 - 4.7 m (core length), consistent with previous drilling, with three (3) of the drill holes remaining mineralized over their entire length. The grades of the infill drilling at Ashram continue to remain strong compared to the current resources' head grades, with wide intervals of greater than 2% REO common.
In addition, the NdPr oxide distribution (i.e. % of Nd+Pr oxide of the total REO) continues to remain very strong compared to active global producers, and commonly ranges from 19 - 24+%, including a 21% NdPr oxide distribution in EC21-187's 302.0 m interval of 2.19% REO. The high distribution of NdPr oxide at Ashram is a result of the monazite dominate rare earth mineralogy and unique chemistry and equates to a relatively high-value end-product that Ashram could supply the market with over the long-term. Grade over width and corresponding NdPr oxide distributions are presented in Table 1, with drill hole highlights and locations presented in Figure 1.
Table 1: 2021 drill hole results for infill drill holes at the Ashram Deposit
Drill hole EC21-182 was completed as a vertical step-out at the northern margin of the deposit. The hole collared in mineralization before trending out of and back into at depth, indicating the geometry of the deposit in this location flares out near surface. The northern margin of the deposit remains open with mineralization continuing to be intersected in step-out holes, as is evidenced by EC21-182.
Drill holes EC21-183 and 187, were part of a group of four (4) holes (EC21-183, 184, 187, and 193) which targeted the region beneath the shallow bay (<1.5 m water depth) on Centre Pond, in the north-central area of the deposit. These drill holes were completed at various orientations, resulting in the drill holes crossing the deposit at different oblique angles, and were primarily completed to help constrain the geological model. The drill holes continue to re-enforce the strong mineralization (and NdPr distribution) in this area of the deposit.
Drill hole EC21-185 was completed in the central area of the deposit and returned strong mineralization, as expected, at 2.14% REO (20.3% NdPr oxide distribution) over 222.7 m, including 2.35% over 93.5 m. This drill hole ended in strong mineralization with the last 15 m of the hole averaging 2.88% REO, and the last sample assaying 2.69% REO.
As the Ashram Deposit is known to continue for more than 600 m in depth, and remains open, the 2021 drill holes were ended at pre-determined depths below the anticipated pit shell, and therefore, most holes completed as part of the infill drilling at Ashram ended in mineralization, including EC21-182, 183, 185, and 187.
The Company notes that it carried out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. The Company successfully navigated the process to enter Nunavik with authorization obtained to complete its planned field activities. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec. The Company is also pleased to report that no cases of COVID-19 were documented related to the 2021 exploration program.
Quality Assurance / Quality Control (QAQC)
A quality assurance / quality control protocol following industry best practices was incorporated 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 major oxides and multi-element, including the rare earth elements, by ICP-OES/MS following a lithium borate fusion (package 8-REE) 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).
About the Ashram Deposit
The Ashram Deposit ranks as one of the largest REE (and fluorspar) deposits globally, consisting of a monazite dominated, single mineralized body outcropping at surface, and has a footprint approximately 600 m along strike, over 300 m across, and 600 m deep, remaining open in several directions. The deposit hosts a measured resource of 1.6 million tonnes (Mt) at 1.77% rare earth oxide (REO) and 3.8% F, an indicated resource of 27.7 Mt at 1.90% REO and 2.9% F, and an inferred resource of 219.8 Mt at 1.88% REO and 2.2% F, at a cut-off grade of 1.25% REO (Effective Date July 5th, 2012). Note, mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.
Figure 1: 2021 drill assay highlights - Ashram Deposit
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 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 expect to complete an updated mineral resource estimate and a prefeasibility study for the Ashram Project, that we anticipate that certain of Ashram's inferred and indicated resources will be converted to indicate and measured resources; that an open-pit shell is planned for the Ashram Project; and that the Company is positioning to be one of the lowest cost rare earth producers globally. 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 we may not be able to fully finance any additional exploration on the Ashram Project; that even if we are able raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; 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 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 and equipment to undertake future exploration work and testing activities; the required permits to build and operate the envisaged open-pit shell may not be obtained in a timely or cost-effective manner, or at all; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable; 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22日/商業資源公司(TSX-V: CCE)(FSE: D7H0)(OTCQX: CMRZF)(“公司” 或 “商務部”)欣然宣佈,作爲2021年鑽探計劃的一部分,在Ashram稀土和氟石礦牀(“Ashram礦牀”)完成的前四(4)個孔的化驗結果已收到。該實地項目於 2021 年 7 月至 8 月完成,旨在支持 Ashram 項目的預可行性研究,包括十二 (12) 個鑽孔,總長達 2814 米,重點是計劃中的露天地殼內的資源填充。
核心樣本分析亮點包括:
- 超過 302.0 m(EC21-187)的稀土氧化物(“REO”)爲 2.19%,包括
- 2.14% 的 REO 超過 222.7 m (EC21-185),包括
- 超過 297.6 m (EC21-183) 的 REO 爲 1.71%,包括
- 2.44% 的 REO 超過 24.0 m (EC21-182)
Ashram2021年鑽探計劃的主要目標是提高礦產資源的信心(推斷->表示->測量),以支持作爲正在進行的預可行性研究的一部分完成的最新礦產資源估算,該評估還將確定Ashram項目的初始礦產儲量估算。根據迄今爲止的鑽探情況,該公司預計,Ashram目前的推斷和指示資源中有很大一部分將轉換爲指示和測量資源。
所有四 (4) 個鑽孔都處於礦化狀態,從深度爲1.4-4.7 m(岩心長度)開始,與之前的鑽探一致,三 (3) 個鑽孔在整個長度上都保持礦化狀態。與當前資源的頭部品位相比,Ashram的填充鑽探品位繼續保持強勁,REO通常間隔大於2%。
此外,與活躍的全球生產商相比,NdPr氧化物的分佈(即佔總REO中Nd+Pr氧化物的百分比)仍然非常強勁,通常在19-24%之間,包括在EC21-187 302.0米間隔內2.19%的REO中21%的NdPr氧化物分佈。NdPr氧化物在Ashram的高分佈是獨居石在稀土礦物學和獨特化學成分中占主導地位的結果,相當於Ashram可以長期向市場供應的價值相對較高的最終產品。表 1 列出了寬度上的等級和相應的 NdPR 氧化物分佈,圖 1 中顯示了鑽孔亮點和位置。
表 1:2021 年 Ashram 礦牀填充鑽孔的鑽孔結果
EC21-182 鑽孔是作爲礦牀北緣的垂直階梯完成的。該洞有礦化圈,然後向外傾斜,然後回到深處,這表明該位置礦牀的幾何形狀在地表附近爆發。正如 EC21-182 所證明的那樣,該礦牀的北緣仍然開放,礦化層繼續在階梯孔中相交。
EC21-183 和 187 鑽孔是四 (4) 個鑽孔(EC21-183、184、187 和 193)的一部分,這些鑽孔的目標是礦牀中北部中心池塘淺海灣(水深 <1.5 米)下方的區域。這些鑽孔是在不同的方向完成的,導致鑽孔以不同的斜角穿過礦牀,這些鑽孔主要是爲了幫助限制地質模型。鑽孔繼續加強該礦牀區域的強礦化(和NdPr分佈)。
EC21-185 鑽孔已在礦牀的中心區域完成,如預期的那樣,在 222.7 m 上恢復了強烈的礦化作用,REO 含量爲 2.14%(NdPR 氧化物分佈 20.3%),其中超過 93.5 m 的 2.35%。該鑽孔以強烈礦化告終,該孔的最後 15 m 的平均回收率爲 2.88%,最後一個樣本的 REO 含量爲 2.69%。
衆所周知,Ashram礦牀的深度將持續超過600米,並且仍然處於開放狀態,因此2021年的鑽孔以預先確定的深度結束,低於預期的礦井殼,因此,作爲Ashram填充鑽探的一部分而完成的大多數鑽孔都以礦化告終,包括 EC21-182、183、185 和 187。
該公司指出,它在執行實地計劃的同時遵守了由於 COVID-19 疫情而實施的所有聯邦、省和地區限制。該公司成功地完成了進入努納維克的程序,獲得了完成計劃中的實地活動的授權。礦產勘探已被加拿大和魁北克省公認爲一項基本服務。該公司還高興地報告,沒有記錄到與2021年勘探計劃有關的 COVID-19 病例。
質量保證/質量控制 (QAQC)
該計劃納入了遵循行業最佳實踐的質量保證/質量控制協議,包括系統地將石英坯料和經認證的參考材料插入樣品批次中,並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。
實驗室分析包括主要氧化物和多元素,包括稀土元素,由硼酸鋰(封裝8-REE)和聚變特異離子電極-ISE(代碼 4F-F)聚變後的氟化合物。標準鑽芯樣品製備工作已經完成,包括破碎至 80%,通過 10 目,然後進行 250 g 的裂片分割,然後粉碎至 95%,通過 105 µm(包裝 RX1)。
關於 Ashram 存款
Ashram 礦牀是全球最大的稀土礦(和螢石)礦牀之一,由以獨居石爲主、在地表露出的單一礦化體組成,其足跡沿走向約爲 600 m,橫跨超過 300 m,深 600 m,向多個方向開放。該礦牀的測得資源量爲160萬噸,稀土氧化物(REO)爲1.77%,華氏度爲3.8%,稀土氧化物濃度爲3.8%,稀土氧化物濃度爲2770萬噸,REO爲2.9%,推斷資源量爲2.198萬噸,REO爲1.88%,REO的截止品位爲1.25%(生效日期:7月5日)第四,2012)。注意,礦產資源不是礦產儲備,因爲它們沒有表現出經濟可行性。目前尚不確定全部或任何部分礦產資源是否會轉化爲礦產儲量。
圖 1:2021 年鑽探分析亮點——靜修所存款
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:我們預計將完成最新的礦產資源估算和阿什拉姆項目的預可行性研究;我們預計阿什拉姆的某些推斷和指示資源將轉化爲指示和測得的資源;計劃爲阿什拉姆項目建造露天外殼;該公司將成爲全球成本最低的稀土生產商之一。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聲明實現的風險包括:我們可能無法爲阿什拉姆項目的任何額外勘探提供全額資金;即使我們能夠籌集資金,勘探活動成本也可能增加,以至於我們可能沒有足夠的資金來支付此類勘探或加工活動;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;潛在的加工方法和礦物開採基於假設在有限的測試工作上,與被視爲類似的礦牀進行比較,如果進行進一步的測試工作,這些礦牀可能無法進行比較;對我們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;有勞動力和設備來進行未來的勘探工作和測試活動;建造和運營所設想的露天殼體所需的許可證可能無法及時或具有成本效益的方式獲得,甚至根本無法獲得建造和運營所設想的露天殼體所需的許可證;儘管目前的預期可行性Ashram Project,條件不斷變化,即使在阿什拉姆項目中發現了金屬或礦物,該項目在商業上也可能不可行;本新聞稿中包含的前瞻性陳述是截至本新聞稿發佈之日作出的,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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