Commerce Resources Corp. Announces Test Project with MineSense through its Collaboration with CanmetMINING for the Ashram Deposit, Quebec
Commerce Resources Corp. Announces Test Project with MineSense
through its Collaboration with CanmetMINING for the Ashram Deposit,
Quebec
October 8th, 2020 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H0) (the “Company” or
“Commerce”) is pleased to announce the start of a test project initiative with MineSense, a digital
mining solutions provider based in Vancouver, BC. The project is being conducted as part of the
Company’s ongoing collaboration with Can metMINING, a branch of Natural Resources Canada
(NRCan).
MineSense (minesense.com) specializes in digital technology solutions for ore-waste classification
in real-time at the mining stage (run-of-mine), thereby providing better grade control compared to
that of the deposit block model or mine plan. MineSense utilizes data analytics combined with its
trademarked ShovelSense and BeltSense technologies to monitor mineralogical or grade changes
in an ore body daily, as it is mined. This information allows for optimal ore blending, grade trend
characterization, and overall improved mine planning with resultant cost efficiencies.
The funding for the test work is provided by Natural Resources Canada (NRCan ) through
CanmetMINING’s 6-year rare earth element (“REE”) and chromite program, (announced in April
2015), focused on developing new extraction technologies, addressing Canadian environmental
challenges, and improving the knowledge of Canadian deposits ( www.reechromite.ca). The
Company’s contribution to the collaboration is a supply of REE mineralized material from the
Ashram Deposit, in which several tonnes remain readily available from a bulk sample completed
in 2012.
The MineSense technology is based on XRF sensors fitted to specific pieces of mining equipment
which monitor the spectral response of the material being actively mined. The technology provides
for a higher level of control compared to the typical ore sorting process which occurs at the truck
scale in the process plant.
The project with Commerce will include assessing the spectral response on 127 course analytical
rejects from drill core, comprising 5 rock types associated with the Ashram Rare Earth and
Fluorspar Deposit. Of these 127 rejects, a total of 72 are from drill core within the Ashram
Deposit’s primary mineralized zone; the A-Zone. Based on the information collected, MineSense
will be able to assess the laboratory -scale efficacy of the technology to the Ashram Deposit
material. If successful, a value contribution assessment may be completed as a follow up activity
for the Ashram Project.
The Ashram Deposit outcrops at surface, allowing for cost-effective collection of material for test
work. As such, the Company is actively engaging with various research and academic institutions
to support the advancement of the REE industry in Canada, and in Quebec specifically.
The Company also announces the appointment of Jody Bellefleur as Corporate Secretary, effective
October 6th, 2020. Ms. Bellefleur has been with the Company since October 2010, se rving as the
Chief Financial Officer of the Company.
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 rar e 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 def ined 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 s tatements in this press release include that CanmetMINING’s work on the Ashram Deposit will
identify a key approach to further enhance beneficiation performance. 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 that CanmetMINING’s work may not be success ful; 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 rec overies
assumption based on limited test work and by comparison to what are considered analogous deposits that with further
test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the
economic and other outcomes may not be as expected; 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.