Commerce Resources announced that the summer field program has resulted in the identification a new rare earth (REE) zone at the Eldor Project in northern Quebec, Canada. The new zone, called the Ashram Peninsula, is associated with an approximately 1 km wide by 0.8 km long magnetic low where mineralization was discovered in outcrop with assays greater than 1.00 % REE+Y
consistently returned over multiple samples.
Commerce Resources reported that it has initiated its summer field work program at the Eldor project, located in the Labrador Trough area of northern Quebec, Canada. The program will include mapping, prospecting, and rock and trench sampling and is designed to test some of the areas that were identified in 2008 with high values of rare earth elements, tantalum and niobium as well as new prospective areas nearby.
Commerce Resources reported first drilling results from the 2008 exploration program at the Eldor Tantalum, Niobium and Rare Earth property in northern Quebec, Canada.To date, 26 holes totaling 5,842 meters were completed. Significant results came from hole EC08-025 intersecting 7.82 meters grading 0.0454% Ta2O5, 0.234% Nb2O5, 0.059% U3O8, 10.0% P2O5 from 15.50 meters.
