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Market: TSX-V
Sector: General Mining
Epic: CCE
News: Latest news
Web Site: Commerce Resources
Other Articles: 18-02-201021-12-200930-11-2009

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Wednesday March 17, 09:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Wednesday March 17, 09:25Wise-Owl puts speculative buy on Magma Metals

In the "Small-Cap Spotlight", as featured in the Australian, by Wise-Owl.com’s Tim Morris, runs the ruler over Magma Metals.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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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.

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Friday, June 26, 2009

Commerce Resources to provide updated resource for Upper Fir Tantalum project in next four weeks

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David Hodge, President of Vancouver based Commerce Resources (TSXV: CCE, FSE: D7H) confirmed to Reuters today that a updated resource estimate would be released in the next three to four weeks for the Upper Fir Tantalum deposit.


The Upper Fir Project is Commerce Resources flagship project, and is currently in the midst of a scoping study. As part of the study, a updated resource statement is being calculated.

The Upper Fir property is located in the Kamloops Mining Division of British Columbia, approximately 10 kilometers north of the town of Blue River. Commerce acquired a 100% interest in the property and is not subject to any underlying royalties.

The company has already outlined an indicated resource for the Upper Fir property totaling 8.60 million tonnes grading 208.9 grams per tonne Ta2O5 and 1,372 grams per tonne Nb2O5. The Upper Fir is also host to an inferred resource of 5.50 million tonnes grading 208.2 grams per tonne Ta2O5 and 1,349 grams per tonne Nb2O5.

“The complete scoping study will come out in the fall, but there will be an up­dated resource estimate in the next 20 to 30 days,” Hodge said in a telephone interview with Reuters.


Several tantalum mines around the globe have either failed to move into development due to lack of project finance or closed due to high production costs make them uneconomic. This has placed exploration juniors like Commerce Resources in a unique position to capitalise on concerns amongst many tantalum consumers about securing long term sources of the rare earth mineral which is used in the electronics industry for its ability to store and release an electrical charge.


Hodge told Reuters that the Upper Fir proj­ect could have a mine life of over 15 years, with annual production of about 1 million pounds of tantalum.




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