VANCOUVER, Aug. 21, 2015 /CNW/ - Commerce Resources
Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company") is
pleased to report the completion of a recent round-table session in
Kuujjuaq, as well as a project
site visit, attended by several key Inuit organizations as part of
its ongoing community dialogue and information exchange program.
This process is one of many key aspects to be carried out as part
of the ongoing Pre-feasibility Study (PFS) underway for the Ashram
Rare Earth Deposit located in northern Quebec.
The objective of the round-table session was to further the
ongoing dialogue between the Company and the community leaders,
extend the dialogue to additional community organizations, present
the current status of the project in detail, and gather feedback in
order to maximize the social, environmental, and economic benefits
of the project.
The round-table was well attended, and well received, with the
following Inuit organizations present:
- Makivik Corporation
- Northern Village of Kuujjuaq
(NV)
- Nayumivik Landholding Corporation (LHC)
- Nunavik Landholding Corporation Association (NLHCA)
- Local Hunting Fishing Trapping Association (LNUK)
- Nunavik Hunting Fishing Trapping Association (NHFTA)
- Kativik Regional Government (KRG)
- Kativik School Board (KSB)
- Nunavik Regional Board of Health and Social Services
(NRBHSS)
- Nunavik Mineral Exploration Fund (NMEF)
- Nunavik Investment Corporation (NIC)
The Company intends to follow-up this round-table session with
an open-community information exchange and discussion session to
continue the dialogue the Company has been engaged in since 2008.
The feedback from the community will be incorporated into the
overall Project Description to further refine and maximize the
social, environmental, and economic benefits.
Project Site Visits
On August
3rd, a site visit to the project was hosted by
the Company and attended by the President of Makivik, Jobie Tukkiapik, Makivik's Mining Liaison,
Ron Gordon, the Mayor of
Kuujjuaq, Tunu Napartuk, as well as three board members of
the Nayumivik Land Holding Corporation of Kuujjuaq, George
Peters, George Berthe, and
Robbie Kooktook. Mr Peters is also President of the Nunavik
Landholding Corporation Association (NLHCA), while Mr Berthe is
also the General Manager of the Nunavik Investment Corporation
(NIC), as well as being a councillor for the town of Kuujjuaq (NV).
The site visit included a tour of the Ashram Project's proposed
infrastructure sites (tailings management facility options,
open-pit and dyke, process plant, haul road, and airstrip), current
drill site, and the deposit's discovery outcrop.
On August 6th, another
site visit to the project was also completed with the Naskapi of
Kawawachikamach, from the
Schefferville area. The visit was
attended by the Chief, Noah Swappie,
the Cultural Skill Coordinator, and two Elders. The visit was an
excellent opportunity to further the ongoing dialogue with the
community and will be followed up with a presentation to council,
planned to occur this fall.
James Bay and Northern
Quebec Agreement (JBNQA) and Northeastern Quebec Agreement
(NEQA)
The Ashram Deposit is located in the Nunavik
Territory of Quebec which lies
within the region covered by the James
Bay and Northern Quebec Agreement (JBNQA), and the
Northeastern Quebec Agreement (NEQA), which are the first two
modern treaties between aboriginal peoples and Canada.
The JBNQA, completed in 1975, is a comprehensive land claims
agreement between the aboriginals of Northern Quebec (Cree and Inuit), and
Canada (Federal and Provincial).
The treaty is heralded as first modern treaty between Canada and its aboriginal peoples. The JBNQA
settles aboriginal land claims, and provides for financial
compensation to local peoples, outlines harvesting rights, as well
as establishes land categories and a mechanism for dialogue,
consultation, and resource management.
The signing of the JBNQA also established school boards,
re-structured health services, created the Kativik Regional
Government (KRG) to deliver public services, and created the
Makivik Corporation which is mandated to protect the rights and
interests of the Inuit as provided for under the JBNQA.
The Naskapi of Kawawachikamach
are a First Nation peoples and signatories to the Northeastern
Quebec Agreement (NEQA), completed in 1978. Similar to the JBNQA
completed 3 years prior, the NEQA settles Naskapi land claims and
defines the rights and interests of the Naskapi, including
harvesting rights, as well as providing a mechanism for dialogue,
consultation, and resource management.
NI 43-101 Disclosure
Darren L.
Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd.,
a 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 rare earth elements. The
Company is focused on the development of its Ashram Rare Earth
Element Deposit in Quebec and the
Upper Fir Tantalum and Niobium Deposit in British Columbia.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"Chris Grove"
Chris
Grove
President
Tel: 604.484.2700
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
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 statements in this press release
include but are not limited to any references to future meetings
and to proposed infrastructure sites as they are preliminary in
nature. 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 changing costs for mining and processing;
increased capital costs; the timing and content of upcoming work
programs; geological interpretations based on current data that may
change with more detailed information; potential process methods
and mineral recoveries assumption based on limited test work and by
comparison to what are considered analogous deposits that with
further test work may not be comparable; 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.
SOURCE Commerce Resources Corp.
