The project was conducted as part of the Company's ongoing collaboration with CanmetMINING, a branch of
The MineSense technology is based primarily on XRF (X-ray fluorescence) sensors fitted to specific pieces of existing mining equipment which monitor the spectral response of the material being actively mined in order to determine its composition. The technology provides for a higher level of grade control compared to typical methods, which allows for improved mine planning and resultant cost efficiencies.
The recently completed test project assessed the spectral response of 127 coarse analytical drill core rejects, comprising 5 rock types associated with the Ashram Rare Earth and Fluorspar Deposit. The Company is pleased to report that algorithmic modelling of responses obtained from each XRF and LIBS (Laser Induced Breakdown Spectroscopy) analyses were successful in predicting the neodymium (Nd) content of the samples, among other elements. This is a significant result as it indicates that a shovel or belt mounted sensor could effectively estimate the Nd content of the raw run-of-mine feed, allowing for real-time grade-control and therefore more efficient and cost-effective mining.
Further work was recommended, including a desktop geostatistical analysis of the drill hole database and a comprehensive review of mineral processing variables which, collectively, would feed into an economic assessment of the XRF, LIBS, or combined XRF-LIBS ore sorting method for the
The funding for the test work was provided by
The Ashram Deposit outcrops at surface, allowing for cost-effective collection of material for test work. As such, the Company is actively engaging with various research and academic institutions to support the advancement of the REE industry in
About MineSense
MineSense (minesense.com) specializes in digital technology solutions for ore-waste classification in real-time at the mine extraction face (run-of-mine), thereby providing better grade control compared to that of the deposit block model or mine plan. MineSense utilizes data analytics combined with its trademarked ShovelSense and BeltSense technologies to monitor mineralogical or grade changes in an ore body daily, as it is mined. This information allows for optimal ore blending, grade trend characterization, and overall improved mine planning with resultant cost efficiencies and reduced environmental footprint.
About CanmetMINING
CanmetMINING, a S&T branch of the Lands and Minerals sector of
About
Contact:
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com
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 that a shovel or belt mounted sensor could effectively estimate the Nd content of the raw run-of-mine feed, allowing for real-time grade-control and more efficient and cost-effective mining. 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 that our conclusions about CanmetMINING's work may not prove to be correct; changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling 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; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; 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.
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