Commerce Resources Corp. and Saville Resources Inc. Report Drill Results including 1.10% Nb2O5 over 5.4 m at the Niobium Claim Group Property, Quebec
Commerce Resources Corp. and Saville Resources Inc. Report Drill
Results including 1.10% Nb2O5 over 5.4 m at the Niobium Claim Group
Property, Quebec
June 3, 2019 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the “Company” or
“Commerce”) is pleased to announce the results from Saville Resources Inc. (TSXv: SRE, FSE:
S0J) (“Saville Resources”) first drill hole from the Mallard Target at the Niobium Claim Group
Property (the “Property”), a subset of the Company’s Eldor claims, which are located
approximately 130 km south of Kuujjuaq, Quebec. The Property covers several prospective and
advanced-stage niobium-tantalum targets, with Saville Resources completing Year-1 of its Earn-
in Agreement on these claims.
The Company is pleased to report that the first hole (EC19-171) of Saville Resources’ maiden
drill program at the Mallard Target has returned the widest high-grade niobium intercept to
date on the Property at 0.70% Nb2O5 over 38.3 m, including 1.10% Nb2O5 over 5.4 m,
starting from 71 m depth. In addition, another wide intercept of strong niobium mineralization
was intersected further downhole, returning 0.63% Nb2O5 over 34.0 m , as well as another
intercept of 0.76% Nb2O5 over 7.5 m higher up in the hole. Therefore, the drill hole achieved
its primary objective and was successful in extending the strike of the high-grade niobium
mineralization by approximately 60 m to the southeast of historic drill hole EC10-033. A
summary of the analytical results is presented below in Table 1 as well as a map with hole
locations at the link below.
Table 1: Summary of mineralized intercepts for drill hole EC19-171
Hole ID From
(m)
To
(m)
Interval
(m)
Ta2O5
(ppm)
Nb2O5
(%)
P2O5
(%) Comments
EC19-171 6.23 182.16 175.93 127 0.51 6.6 Entire hole
23.00 49.00 26.00 267 0.43 9.1
49.00 56.50 7.50 64 0.76 8.2
71.22 109.50 38.28 116 0.70 6.6
Incl. 71.22 76.63 5.41 182 1.10 7.2
145.00 179.00 34.00 95 0.63 6.2
EC19-172 Assays pending
EC19-173 Assays pending
EC19-174 No samples (hole lost)
EC19-174A Assays pending
(1) Analytical detection limits are 0.003% (30 ppm) for Nb2O5 and Ta2O5, and 0.01% for P2O5.
(2) Fluorine analysis yet to be completed.
(3) All drill holes are NQ core size, with approximate strike/dip of 230/45.
(4) True width is not fully constrained; however, the dip of mineralization is interpreted as moderate/steep to the northeast.
Incorporation of the 2019 drill data is anticipated to provide a proper basis for true width to be reasonably estimated.
The entirety of EC19-171 was sampled and assayed 0.51% Nb2O5 over 175.9 m and effectively
bottomed in mineralization with two of the last four samples assaying >0.90% Nb2O5. The wide
intercepts of niobium mineralization are also accompanied by strong tantalum and
phosphate mineralization as presented in Table 1. In addition, a near-surface intercept of high-
grade tantalum at 267 ppm Ta2O5 over 26 m was also returned starting from 23 m depth.
In summary, Saville Resources’ Phase I drill program on the Property included a total of 1,049 m
completed over five (5) holes, focused at the Mallard Target in the Southeast Area of the
Property. The primary objective of the drill program was to test, through drill holes EC19-171,
172, and 174A, the southeastern extension of the high-grade and near-surface niobium
mineralized intercepts returned historically by the Company from drill hole EC10-033. In
addition, a single drill hole (EC19-173) was also completed to test the strike extension of the
main mineralized zone to the northwest.
The Mallard Target is the most advanced prospect on the Property, with 2,490 m over nine (9)
drill holes completed by the Company (2008 and 2010), and 1,049 m over five (5) drill holes
now completed by Saville Resources (2019). Coupled with the strong mineralization returned
historically, Saville Resources’ Phase I drill program at Mallard will provide the foundation for
advancement towards an initial mineral resource estimate. Further drilling at Mallard as well as
several other high-priority targets, including Miranna, is planned as part of Phase II. The 2019
exploration of the Property is being carried out by Dahrouge Geological Consulting Ltd. and
managed out of Quebec.
Quality Assurance / Quality Control (QAQC)
A Quality Assurance / Quality Control protocol following industry best practices was
incorporated into the program and included systematic insertion of quartz blanks and certified
reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate
of approximately 5%. Drill holes EC19-171, 172, 173, and 174A were sampled in their entirety,
for a total of 764 samples including QAQC, and were shipped to Activation Laboratories in
Ancaster, ON for analysis. No samples were collected from EC19-174 as it was unexpectedly
lost at a depth of 81 m and recollared as EC19-174A.
Lab analysis included niobium, tantalum, and major oxides by XRF (package 8-Coltan XRF).
Standard drill core sample preparation was completed and comprised of crushing to 80% passing
10 mesh, followed by a 250 g riffle split and pulverizing to 95% passing 105 µ (package RX1).
Additional sample analysis is anticipated.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the
Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101,
supervised the preparation of the technical information in this news release.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus
on deposits of rare metals and rare earth elements. The Company is focused on the development
of its Ashram Rare Earth Element Deposit in Quebec and the Upper Fir Tantalum-Niobium
Deposit in British Columbia.
For more information, please visit the corporate website at www.commerceresources.com or
email [email protected].
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
“Chris Grove”
Chris Grove
President and Director
Tel: 604.484.2700
Email: [email protected]
Web: http://www.commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ from those projected in the forward-looking
statements. Forward looking statements in this press release include that the work has extended the strike length of
the high-grade niobium mineralization by approximately 60 m, and that this work will provide the foundation for
advancements towards an initial mineral resource estimate. These forward-looking statements are subject to a
variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from
those projected in the forward-looking information. Risks that could change or prevent these statements from
coming to fruition include changing costs for mining and processing; increased capital costs; the timing and content
of upcoming work programs; geological interpretations based on drilling that may change with more detailed
information; potential process methods and mineral recoveries assumption based on limited test work and by
comparison to what are considered analogous deposits that with further test work may not be comparable; the
availability of labour, equipment and markets for the products produced; and despite the current expected viability
of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the
required permits to build and operate the envisaged mine can be obtained. The forward-looking information
contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such
information to reflect new events or circumstances, except as required by law.
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!P
!P
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!P!P
EC10-032
EC10-033
EC10-040
EC08-016
EC08-017
EC08-024
EC08-014
EC08-015
EC08-013
EC10-041
EC08-021
EC19-174
EC19-173
EC19-172
EC19-171 EC19-174A
EC10-032:
0.71% Nb2O5, 6.6% P2O5 over 15.33 m
EC10-033:
0.82% Nb2O5, 8.5% P2O5 over 21.89 m and
0.72% Nb2O5, 9.6% P2O5 over 21.35 m
EC10-040:
0.72% Nb2O5, 6.6% P2O5 over 17.35 m and
1.09% Nb2O5, 9.8% P2O5 over 5.84 m
290
300
290
538000
6311000
!P 2019 Drill Hole Collar
N 2019 Drill Hole Surface Projection
! Historical Drill Hole
N Historical Drill Hole Surface Projection
¯
UTM Grid NAD83, Zone 19N
1:2,500
0 50 100
Metres
Saville Resources Inc.
Niobium Claim Group Property, QC
2019 Drilling
Mallard Target
EC19-171:
0.70% Nb2O5, 6.6% P2O5 over 38.28 m
incl 1.10% Nb2O5, 7.2% P2O5 over 5.41 m
0.63% Nb2O5, 6.2% P2O5 over 34.00 m