on Commerce Resources Corp. (NASDAQ:CMRZF)
Commerce Resources Reveals Promising Niobium Results at Eldor Property
Commerce Resources Corp. reports significant niobium mineralization at the Mallard Prospect, Eldor Property, Quebec. The company confirms a 122.5 m intercept of 0.62% Nb2O5 near the surface. These results stem from the 2024 drill program, which concluded with 29 drill holes totaling 8,253 meters.
The detailed core assay results highlight several notable intercepts at Mallard, including 7.5 m at 1.01% Nb2O5. The Spoke Target also returned promising measurements, such as 27.5 m at 0.60% Nb2O5. Remaining assay results are expected by the end of 2024.
Commerce Resources aims to enhance its portfolio at Eldor, home to the substantial Ashram rare-earth deposit. CEO Ross Carroll emphasizes the potential for a standalone niobium project. Exploration is ongoing to evaluate further mineral resources nearby.
R. H.
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