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Results from drill program show promise

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NUNAVIK

Commerce Resources Corp. has announced sample assay results for the first three drill holes from Saville Resources Inc.’s 2021 diamond drill program at the Niobium Claim Group Property, located in northern Quebec. The 2021 drill program has returned the best niobium intercept to date from the Mallard Prospect. In addition to the high grades of niobium, drill intercepts continue to return coincident and significant tantalum and phosphate mineralization. 

Saville Resources is in the process of updating the geological model at Mallard, which will guide targeting for the next phase of drilling, planned for 2022. 

Core sample assays for the four drill holes completed at the Miranna Prospect, immediately following the drilling at Mallard, marks the first drill testing to date at that prospect. The drilling at Miranna has also demonstrated the potential for >1 per cent Nb2O5 mineralization at depth. 

The high-grade mineralization encountered in the 2021 Miranna and Mallard drill holes is present within 110 m of surface and is locally known to reach surface. Coupled with the presence of numerous high-grade, glacially dispersed boulders, suggests that open-pit extraction methods may be potentially applicable in a development scenario. 

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