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Commerce Resources Corp. Updates Phase II of the 2015 Drill Program at the Ashram Rare Earth Deposit14.09.2015 | 9:30 Uhr | CNW
VANCOUVER, Sept. 14, 2015 /CNW/ - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to provide an update on the second phase of the 2015 drill program underway at its 100% owned Ashram Rare Earth Deposit located in northern Quebec. To date, 17 drill holes (EC15-140 through 156), totalling approximately 732.14 m (8 HQ holes for 351.95 m, 9 NQ holes for 380.19 m) have been completed. The objective of the Phase II program is to complete the field work relating to resource infill, mine-site infrastructure assessment, and hydrogeological testwork as part of the ongoing Pre-feasibility Study (PFS). The Company has now completed the planned mine-site infrastructure assessment program. This included a geotechnical drill and sampling program, condemnation drill holes, mapping, and monitoring well nest installations. The majority of this work was completed at the proposed process plant and tailings management facility (TMF) option sites, but also included ground evaluation of the proposed dyke and airstrip locations. Drilling over these areas (process plant and TMFs) totalled 529 m over 16 holes, with most holes completed to shallow depths from 5 to 60 m (15 holes) and one to a depth of 143 m for condemnation purposes. The shallow holes were needed primarily to confirm the depth to bedrock, and to collect samples of the overburden (shelby tube / split spoon) to assess soil type and bearing capacity. Samples collected have been submitted to Laboratoires d'Expertises de Québec ltée for analysis. In addition, targeted, representative samples for condemnation purposes were collected and will be submitted to Activation Laboratories in Ancaster, ON, for major oxides by Fusion ICP, rare earths by ICP-MS, and for fluorine by Fusion ISE. Although sample analysis has yet to be completed, the field interpretation of the work completed to date indicates the sites are acceptable for the infrastructure proposed. In addition, one hole for 203 m (EC15-0143) was completed as resource infill at the north end of the deposit. Samples have been collected and will be submitted to Activation Laboratories for analysis. The remaining program is anticipated to consist of:
Additional updates will follow as the program advances. The Pre-feasibility Study is ongoing with the results of the programs described in this news release to be incorporated, along with other necessary technical data including geological and engineering studies, into the PFS with costs and benefits to be described in more detail therein. NI 43-101 Disclosure About Commerce Resources Corp. On Behalf of the Board of Directors "Chris Grove" Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements SOURCE Commerce Resources Corp. Contact please visit the corporate website at http://www.commerceresources.com or contact Investor Relations at 604.484.2700 or info@commerceresources.com. Dieser Artikel stammt von Rohstoff-Welt.de
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