January 27, 2012 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the results for four drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element ("REE") Deposit, at the Eldor Project in northern Quebec.

As drilling progresses north, significant REE mineralization continues to be intersected at surface down to considerable depths.

Highlights are as follows:
  • Drill Hole EC11-084: 325.31 m of 1.96% Total Rare Earth Oxides (TREO)
  • Including 52.25 m of 2.26% TREO
  • Drill Hole EC11-085: 144.52 m of 1.94% TREO
  • Including 90.38 m of 2.21% TREO
  • Drill Hole EC11-083: 88.68 m of 2.14% TREO
  • Drill Hole EC11-086: 80.56 m of 2.14% TREO
    Middle and Heavy Rare Earth Element Enrichment

    The Middle and Heavy Rare Earth Oxide ("MHREO") zone at Ashram has expanded significantly with the results from the 2011 summer/fall drill program and now has a surface footprint of approximately 175 m along strike, 200 m in width, and to a depth of 175 m, with considerable room for expansion remaining.

    Middle and heavy rare earth enrichment remains consistent throughout the deposit with the main enriched zone still present in EC11-083, 084, and 085 as small zones averaging ~10% MHREO grading in and out down hole. Peak values greater than 20% MHREO continue to be returned including one sample with 410 ppm dysprosium and 201 ppm europium at a TREO of 1.86%.




The text for this noodl has been truncated. To continue reading this document, please get the original version at: http://www.commerceresources.com/s/NewsReleases.asp?ReportID=504102&_Type=News-Releases&_Title=Commerce-Resources-Corp.-Intersects-325.31-m-of-1.96-TREO-and-90.38-m-of-2