sur Commerce Resources Corp. (NASDAQ:CMRZF)
Commerce Resources Corp. Identifies Substantial Niobium Zones in Quebec
Commerce Resources Corp. has announced significant discoveries of niobium in Quebec's Eldor Property. The 2024 drilling program uncovered new high-grade zones, notably at the Northwest and Moira prospects. Notable results include 24 meters at 0.91% Nb2O5 at the Mallard Prospect, while the Northwest prospect yielded 7.5 meters at 0.93% Nb2O5.
This expansion not only increases the known niobium footprint but also suggests potential connectivity between the various niobium prospects in the area. The adjacent proximity to the Ashram Rare Earth and Fluorspar Deposit enhances the possibility of a joint development scenario, offering a strategic advantage with shared infrastructure.
CEO Ross Carroll is optimistic about these high-grade discoveries, highlighting their potential to develop into a large-scale niobium resource. Future efforts will focus on integrating these results to refine exploration strategies for 2025.
R. P.
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