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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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Thursday March 18, 12:26Healthcare & Biotech companies to present at "Ultimate Healthcare & Biotechnology Event 2010”

We have a cracking line-up for March 24, as we return to Healthcare & Biotech sector at our One2One Investor Forum. Seats are limited, to avoid disappointment, register now.

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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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Monday, November 30, 2009

Commerce Resources Says Carbo Results Are Encouraging And Plans 2010 Drilling

by Jamie Ashcroft company news image

Commerce Resources Corp. (TSX-V: CCE, FSE: D7H) (‘Commerce’) revealed the results of its summer exploration programme at the Carbo Property, British Columbia. The exploration work identified a 1x0.5km soil anomaly, sampling indicates the presence of both light and heavy rare earths.


The program’s results highlight soil samples within the new anomaly that exceeded the detection limit of 10,000 parts per million (ppm), equating to more than 1% cerium (Ce) and 309 ppm gadolinium (Gd).


The Carbo project is being explored through a joint venture with Canadian International Minerals Inc. (CNSX: CIN) (‘CIN’). The Canadian stock exchange explorer, which has the option to earn a 75% over a three year period, funded the exploration programme. Under the terms of the option agreement, Canadian international must provide $198,000 in exploration expenditures, pay a $30,000 cash sum and issue Commerce with 1.5 million shares. CIN has completed its required first year payments.


The Carbo property consists of five mineral claims, located approximately 80Km northeast of Prince George, British Columbia. The property contains rare earth elements and niobium-bearing intrusions. The Carbo claims boarder the recent rare earth discovery on the neighbouring Wicheeda property, which is being explored by privately owned Spectrum Mining (‘Spectrum’).


On neighbouring Wicheeda last month, Spectrum reported significant rare earth element mineralization, including a 48.64 metre interval which averaged 3.55% REE and two other drill holes with intervals of 72 metres and 144 metres grading 2.92% and 2.2% respectively.


The Carbo joint venture partners said they are encouraged by the results and they are planning an expanded program that will include trenching and drilling in 2010.  Future exploration aims to identify extensions of the Wicheeda discovery on the Carbo property and follow-up on the new soil anomaly in addition to some of the historic trenches on the property.


The sampling results supplement a positive couple of weeks for Commerce, who reported the results of an independent resource estimate for its Upper Fir deposit last week. Upper Fir in the Blue River tantalum and niobium project is currently the company’s primary focus.


The resource estimate reported an indicated resource of 6.5 million pounds of tantalum and 43.83 million lbs niobium.


As a result, the indicated tantalum and niobium resource was estimated at 16.95 million tonnes grading 175 g/t (grammes per tonne) Ta2O5 (tantalum) containing 6.5 million lbs and 1,174 g/t Nb2O5 (niobium) containing 43.85 million lbs at a cutoff grade of 100 g/t tantalum.

The inferred resource now stands at 44.12 million tonnes grading at 167 g/t Ta2O5 for 16.14 million lbs and 1,184 g/t Nb2O5 for 115 million lbs.


According to company President David Hodge, the Upper Fir deposit has the tonnage to provide a long term and stable supply of tantalum. Commerce previously stated that it’s wholly owned, 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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