Commerce Resources Corp. initiates drill program at the Ashram Rare Earth Deposit

by Keith Powell — February 12, 2015

Aurora Borealis at Eldor/Ashram Rare Earth Project. — Photo courtesy Commerce Resources

Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the "Company" or "Commerce") is pleased to announce that crew and equipment mobilization is underway for an extensive drill program at its 100% owned Ashram Rare Earth Deposit located in Northern Quebec.

The drill program will consist of approximately 4,000 metres and will target infill holes in order to increase the resource confidence from the current inferred category to the indicated and/or measured categories. An indicated or measured resource category is required for all in-pit mineralized material in order to convert mineral resources to ore reserves as required for the ongoing Pre-feasibility Study (PFS).

The first phase of the program is anticipated to be completed during April-May, and the second phase will begin, after a short hiatus for break-up, during the summer. In addition, the Company will complete fieldwork relating to the ongoing geomechanical and hydrogeological programs.