Commerce Resources Corp. (TSXV:CCE) has unveiled promising sample assay results for the first three drill holes from Saville Resources Inc.’s 2021 diamond drill programme at the Niobium Claim Group Property located in northern Quebec.
The Property covers several prospective and advanced-stage niobium-tantalum targets, where Saville Resources is completing an Earn-in Agreement for up to a 75% interest in the claim group.
The 2021 drill programme, completed in July, included seven holes totalling 1,349 m split over two prospects – Mallard (681 m over 3 holes) and the Miranna Prospect (668 m over 4four holes). Core sample assay highlights at Mallard include:
- 42.3 m of 0.82% Nb2O5, 153 ppm Ta2O5, and 8.7% P2O5 (EC21-175), including,
- 17.1 m of 1.00% Nb2O5, 136 ppm Ta2O5, and 8.3% P2O5, or
- 5.1 m of 1.39% Nb2O5, 148 ppm Ta2O5, and 12.0% P2O5,
- 12.4 m of 0.84% Nb2O5, 186 ppm Ta2O5, and 11.3% P2O5 (EC21-176), including,
- 3.8 m of 1.06% Nb2O5, 151 ppm Ta2O5, and 12.9% P2O5
- 29.7 m of 0.61% Nb2O5, 251 ppm Ta2O5, and 6.8% P2O5 (EC21-177)
The initial three holes of the drill programme, completed at the at the Mallard Prospect (EC21-175, 176, and 177), were designed as 50 m step-outs along strike to the southeast of the high-grade intersection in drill hole EC19-174A, which was completed as the final drill hole of the 2019 programme, returning 1.36% Nb2O5 over 4.5 m, within a larger interval of 0.80% Nb2O5 over 31.5 m.
The company said the 2021 drill programme has returned the best niobium intercept to date from the Property at 1.00% Nb2O5 over 17.1 m, within a larger interval of 0.82% Nb2O5 over 42.3 m, including a peak sample assay of 1.73% Nb2O5.
In addition to the high-grades of niobium, drill intercepts continue to return coincident and significant tantalum and phosphate mineralisation.
The company said given the elongate nature of the mineralisation at Mallard, as well as the moderate-steep dip, the mineralised horizons encountered at depth in each hole have a reasonable potential to continue down-dip, as well as up-dip and potentially to surface.
Drill hole EC21-175 was collared in mineralisation with 0.75% Nb2O5 over 9.5 m confirming potential for additional subparallel zones to the northeast, an area of Mallard that remains to be drill tested.
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