CCE-V

COMMERCE EXPANDS HREE ZONE AT ELDOR



Commerce Resources CCE-V $0.38
Market Cap... $50M

Commerce resource released results of the first two holes from the 7,500 meter summer/fall drill program at the Ashram Zone on the Eldor Project that were successful in expanding the HREE zone first discovered last November. 


The first 2 holes assayed...

• 92.28 meters @ 2.00% TREO @10.6% MHREE
• 279.22 meters @ 2.06% TREO @ 7.1% MHREE

The near surface HREE zone assayed..

• 44.56 meters grading 1.76% TREO with a 15.6% MHREE
• 39.28 meters @ 1.62% TREO at 12.2% MHREE

These holes were drilled 50 meters NNE to discovery hole EC-47 (61 meters @ ~20%) and EC-44 (55.56 meters 15.7% MHREE) which were drilled 110 meters apart.  If you shaded in the area that the holes cover you would have at minimum a 125m long zone by 45m wide that is testing between 40m to 60m thick.  At minimum at 1Mt near surface HREE zone.  The zone looks like it has the potential to be at least a 100m wide zone by 250 long and 40 to 60 meters thick giving the potential for at least a 4Mt zone.  

At minimum the MHREE zone at Ashram is at least 1Mt near surface zone of easily accessible heavy rare earth’s with the potential to be expanded to at least a 4 - 5Mt zone upon further delineation.

The zone is at surface, is easily accessible and has all the critical HREE’s including dysprosium, terbium, europium, and yttrium.   Higher grades of neodymium are also associated with this medium and heavy rare earth zone.   What most people do not understand about Ashram is that the entire deposit is enriched with MHREE’s, just at a less percentage of the grade at around ~5.5% for the entire deposit or 0.09% HREO.  Forget the enriched zone...  that just gives CCE a very nice focal point for a pit.  What makes Ashram a contender and valid case for a rare earth mine is is that it has the complete suite of lanthanides throughout the entire deposit.  So far exploration this summer is pointing to CCE increasing the overall MHREE ratio with the next resource calculation from what appears to be drilling the richer parts of the deposit this summer.


279 meters @ 2.06% TREO with 7.1% MHREE ratio says that this deposit will produce heavy rare earths long after the near surface enriched zone is depleted.


The smart money is buying CCE right here and I am confident in calling a bottom to CCE's share price as CCE is extremely undervalued given its peers.  


Ashram should be considered a HREE deposit like Tasman, Avalon, or Quest.  Ashram has all the qualities in place to be a contender...  

• 300Mt plus deposit potential
• Potential reclassified as a HREE deposit >5 - 6% of TREO
• Ashram has grade, tonnage, mining method, simple host rock
• Complete suite of critical minerals
• Dysprosium, Terbium, Europium, Yttrium, Neodymium
• Potential low cost mining method
• Near surface HREE zone with ratio between 12% - 20% of TREO
• Quebec plan Norde
• Extreme VALUE $50M market Cap
• Pending metallurgy

Commerce is very cheap and this years’ summer and fall delineation program will significantly expand Ashram to one of the biggest rare earth deposits in the world with a very material at surface heavy rare earth enriched zone.   With this near surface, easily accessible HREE zone enriched with the most critical heavy rare earths that is vital into putting a dent in the Chinese monopoly over the supply chain... CCE has a deposit that will be ideal to produce rare earths from if metallurgical testing goes well.  Ashram has the potential to be a low cost producer because of potential mining method with a very low strip ratio, they have high enough grade for light rare's with economies of scale and the deposit is hosted in carbonatite, the host rock that most producing rare earth mines produce rare earths from.  


In addition to having an ideal deposit that has tonnage, grade, and the complete suite of elements,  capital costs for Ashram will be largely for processing facilities and mine construction.  A majority of the needed infrastructure in the area will be laid in place with WISCO building a large railway for Lac Otelnuk just to the west of the Eldor property and the government of Quebec going forward with Plan Norde, a highway system that will connect the communities of the northern Quebec.  


I am telling you guys… This is a Cream of the Crop story…  The cream always rises to the top. 


Read the latest news below...


http://www.commerceresources.com/s/NewsReleases.asp?ReportID=485980&_Type=News-Releases&_Title=Commerce-Resources-Corp.-Intersects-Significant-Heavy-Rare-Earth-Element-Mi...