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Market: TSX-V
Sector: General Mining
Epic: CCE
News: Latest news
Web Site: Commerce Resources
Other Articles: 11-03-201018-02-201021-12-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Commerce Resources

Commerce Resources

Commerce Resources Corp. is an exploration and development company with a particular focus on tantalum, niobium and rare metal deposits with a potential for economic grades and large tonnages. The Company is specifically focused on the development of its Upper Fir tantalum and niobium deposit in British Columbia, Canada. Commerce is well positioned with sufficient capital to advance the commercialization of a prospectively lucrative mining operation for tantalum and niobium.

Commerce Resources is also focused on the exploration of its new deposit the Eldor carbonatite in Quebec, which is highly prospective for niobium, tantalum and uranium.

Thursday, June 04, 2009

Commerce Resources reports encouraging tantalum and niobium grades at Eldor property, Quebec

by Andre Lamberti company news image

Commerce Resources Corp (TSX-V: CCE) said the 2008 drilling project at its Eldor tantalum, niobium and rare earth property in northern Quebec produced encouraging grades and intersections of tantalum and niobium at all three areas.

The company drilled 26 holes, totalling 5,842 meters, of which 1 in the Star Trench area, 12 at Northwest and 13 at Southeast.

Drilling also discovered that in addition to tantalum and niobium, the property has multi-commodity potential, with considerable local enrichments in uranium, phosphate, fluorine, and rare earths.

The single hole at Star Trench yielded one of the most significant intervals of high grade tantalum (Ta2O5) and associated niobium (Nb2O5), uranium (U3O8), and phosphate (P2O5) mineralization. The hole encountered 7.82 metres with 454 parts per million Ta2O5, 2,344 ppm Nb2O5, 593 ppm U3O8, and 10.0 percent P2O5.

Hole EC08-008 at Northwest intersected 46.88 metres grading 4,562 ppm Nb2O5, including 6,360 ppm Nb2O5 over 9.95 metres, and hole EC08-006 encountered 13.15 metres averaging 5,605 ppm Nb2O5. In addition, eight core samples from Hole EC08-001 returned rare earth element mineralization from 0.5 percent to 1.01 percent.

At Eldor Southeast, intersection highlights include hole EC08-015 finding 26.10 metres grading 5,466 ppm Nb2O5 as well as 16.05 percent fluorine over 13.78 metres. Hole EC08-016 encountered 25.38 metres grading 281 ppm Ta2O5, 3,952 ppm Nb2O5, 8.8 percent P2O5, and 257 ppm U3O8; as well as 22.29 metres grading 14.95 percent fluorine.

The discovery of fluorine in addition to tantalum and niobium is significant and points to the multi-commodity potential of the Eldor property.

Regional exploration consisting of trenching, soil and rock sampling, and a ground radiometric and magnetic survey successfully located several new tantalum, niobium, and rare earth occurrences on the property.

President David Hodge commented: "We are very pleased by these results and the success of our first drilling program at the Eldor property. Eldor provides our shareholders with exploration upside and also shows our commitment to actively advancing tantalum and niobium deposits. As the company works to bring our Blue River project in British Columbia to feasibility, the Eldor property will be our second focus."

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