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Last updated on April 19, 2014 at 13:20 EDT

Latest Commerce Resources Corp. Stories

2012-11-15 08:24:09

VANCOUVER, Nov. 15, 2012 /PRNewswire/ - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to provide an update on the ongoing metallurgical test work for the Company's 100%-owned Ashram Rare Earth Element ("REE") Deposit located in northern Quebec. Significant metallurgical advancements have been made over those detailed in the project's Preliminary Economic Assessment ("PEA") as released on May 24, 2012. Initial Cracking Tests...

2012-09-21 02:20:51

VANCOUVER, Sept. 21, 2012 /PRNewswire/ - Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX: CMRZF) (the "Company") is pleased to announce that it has engaged Roche Ltd. (Roche) to complete a Pre-feasibility Study (PFS) on the Ashram Rare Earth Element Deposit, located within the Labrador Trough in north-eastern Quebec.  Work on the PFS has commenced and is planned for completion in Q4 2013 / Q1 2014. Roche is an engineering firm with extensive experience in the mining...

2012-07-06 02:20:51

Highlights -- Study results show Indicated Mineral Resources totalling 51.8 million tonnes at 192 ppm Ta2O5 and 1,490 ppm Nb2O5andInferred Mineral Resources totalling 8.8 million tonnes at 186 ppm Ta2O5 and 1,660 ppm Nb2O5. -- This represents a 42% increase in the tonnage of Indicated Resources and a 37% increase in the tonnage of Inferred tonnes over the figures in the 2011 PEA. -- Contained...

2012-07-05 10:22:16

VANCOUVER, July 5, 2012 /PRNewswire/ - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company") announces that, further to its news release of May 24, 2012, it has filed its National Instrument 43-101 Technical Report entitled,  "Preliminary Economic Assessment, Ashram Deposit for Commerce Resources Corp." ("PEA") dated July 5, 2012, on SEDAR at http://www.sedar.com. The report has also been posted to the Company's website here. The following Qualified...

2012-05-24 06:23:44

Highlights -- Study results show a strongly positive cash flow from a 4,000 tonne per day open-pit operation at Ashram with a 25-year mine life, a pre-tax and pre-finance Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44% and a pre-tax/pre-finance payback period of 2.25 years. -- SGS's economic evaluation was based on the March 6,...

2012-03-06 07:00:00

Highlights -- SGS Geostat has determined a base case Inferred mineral resource of 219.8 million tonnes containing 1.88% TREO, an Indicated mineral resource of 27.7 million tonnes containing 1.90% TREO, and a Measured mineral resource of 1.6 million tonnes containing 1.77% TREO -- The deposit includes a near-surface zone of middle and heavy rare earth element enrichment; most significantly in neodymium,...

2012-01-27 08:00:00

VANCOUVER, Jan. 27, 2012 /PRNewswire/ - Commerce Resources Corp. (TSXv: CCE), (FSE: D7H), (OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the results for four drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element ("REE") Deposit, at the Eldor Project in northern Quebec. As drilling progresses north, significant REE mineralization continues to be intersected at surface down to considerable depths. Highlights are as...

2011-12-14 15:00:00

VANCOUVER, Dec. 14, 2011 /PRNewswire/ - Commerce Resources Corp. (TSXv: CCE), (FSE: D7H), (OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the results for an additional five drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element ("REE") Deposit, at the Eldor Project in northern Quebec. Of the results, two holes have significantly expanded the Middle and Heavy Rare Earth Oxide ("MHREO") zone at depth; increasing it to more...

2011-12-07 15:00:00

VANCOUVER, Dec. 7, 2011 /PRNewswire/ - Commerce Resources Corp. (TSXV: CCE) (FSE: D7H) (OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the results for an additional eleven drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element ("REE") Deposit at the Eldor Project in northern Quebec.  A total of thirty-three drill holes were completed with assays pending for eighteen. The summer/fall program continued to return lengthy...

2011-11-18 08:00:00

Highlights: -- 2011 fieldwork included approximately 8,715 metres in a 34 drill-hole definition drilling program which was targeted to improve understanding of geological and structural relationships within the Upper Fir deposit. -- 2010 drilling results (54 holes; 12,949 metres) are currently being compiled for inclusion in an updated three dimensional block model and resource estimate which will itself form...