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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.

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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