February 02, 2015 Commerce Resources Corp. Initiates Drill Program at the Ashram Rare Earth Deposit Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the "Company" or "Commerce") is pleased to announce that crew and equipment mobilization is underway for an extensive drill program at its 100% owned Ashram Rare Earth Deposit located in Northern Quebec.
The drill program will consist of approximately 4,000 metres and will target infill holes in order to increase the resource confidence from the current inferred category to the indicated and/or measured categories. An indicated or measured resource category is required for all in-pit mineralized material in order to convert mineral resources to ore reserves as required for the ongoing Pre-feasibility Study (PFS).
The first phase of the program is anticipated to be completed during April-May, and the second phase will begin, after a short hiatus for break-up, during the summer. In addition, the Company will complete fieldwork relating to the ongoing geomechanical and hydrogeological programs.
NI 43-101 Disclosure Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
On Behalf of the Board of Directors COMMERCE RESOURCES CORP.
Chris Grove President and Director Tel: 604.484.2700 TF: 866.484.2700 Email: cgrove@commerceresources.com |