| Announcement Date: | 2022-02-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Commerce Resources Corp. |
| Project name: | Ashram Rare Earth |
| Location: | Canada |
| Commodities: | Rare Earth |
| Highlight: | Drilling results incl. 223.2m @ 1.79% REO from 0.8m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | February 7, 2022 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H0, OTCQX: CMRZF) (the “Company” or “Commerce”) is pleased to announce assay results received from three (3) additional holes completed at the Ashram Rare Earth and Fluorspar Deposit (“Ashram Deposit”) as part of the 2021 drill program. The field program, completed in JulyAugust 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. Results for the first seven (7) drill holes were announced December 22nd, 2021, and January 17, 2022 (noted in Table 1 and Figure 1) with the results for an additional three (3) drill holes reported herein. Highlights include All three (3) drill holes (EC21-188, 190, and 191) were collared in the southern portions of the deposit, and intersected grades consistent with previous drilling, remaining mineralized over their entire length. Strong NdPr distributions (i.e. % of Nd+Pr oxide of the total REO) continue to be returned in excess of 20-21%, including drill hole EC21-191 with 64.4 m of 2.15% REO at an NdPr distribution of 21.1% |
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