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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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Thursday March 11, 11:17Eco Animal Health Group: moves into US and China could be transformational

Aivlosin® now accounts for more than half of global sales for ECO. Sales in China during FY 2009 were more than 60% ahead of the previous year, and expectations for FY 2010 indicate similar progress.

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Thursday March 11, 06:52Lithium and rare earths markets poised for growth

One hybrid car requires 20 kilograms of lithium carbonate. By comparison, cellphone batteries need just a few grams. Some experts believe that as production of hybrid cars increases, so will the demand for lithium and other rare earths.

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Tuesday March 09, 10:55Nidec Corporation adds third factory and laboratory in Dalian City, China

Nidec Corporation (NYSE:NJ), the Japan headquartered manufacturer of small-to-mid-size motors, fan motors, and pivot assemblies, is to expand its presence in China through the construction [...]

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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, December 21, 2009

Commerce Resources expands rare earth element mineralization at Eldor after very successful sampling

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Commerce Resources Corp (TSX-V: CCE: FSE: D7H) said sampling has identified additional rare earth element mineralization (REE) within the newly discovered Ashram Zone at the Eldor project, northern Quebec.

The Ashram Zone was discovered in 2009 by tracing the source of a glacially dispersed boulder train that assayed significant REE. The zone is located near the centre of the Eldor Carbonatite complex, and is coincident with a magnetic low approximately 1 kilometre by 0.8 kilometre in size.

A total of 70 rock samples were collected as follow-up to the discovery made during the 2009 summer exploration program. A high value of 2.74 percent REE was returned from exposed outcrop, with values in excess of 1 percent REE representing over 55 percent of the total rock samples collected.

Significant mineralization, between 1 and 2.74 percent REE, was consistently returned from numerous samples over multiple outcrops within an area measuring approximately 500 metres by 150 metres.

REE distribution is dominantly light rare earth enriched.

During the fall program, sampling was also conducted at a tantalum-niobium target, the ‘Glimmerite Occurrence’, originally identified in 2007 and located 1.5 kilometres north of the Ashram Zone. Significant tantalum-niobium mineralization was confirmed with a sample assaying 1,682 parts per million tantalum and exceeding the detection limit for niobium of greater than 50,000 parts per million. Further work is required to fully assess the zone's significance and extent, Commerce Resources said.
 
Given the success of the reconnaissance work at Eldor, the company plans to significantly expand the scope of exploration in 2010. It is anticipated that next year’s program will include prospecting, mapping, and drilling at the Ashram Rare Earth Zone as well as further exploration at the tantalum-niobium targets developed during the 2008 drilling program.

In addition, the 2007 airborne radiometric and magnetic survey is currently being re-interpreted to examine the significance of the magnetic low that marks the Ashram Zone as well as other priority targets.
 
The Eldor property is located in northern Quebec, approximately 130 km south of the town of Kuujjuaq. The property is 100% owned by Commerce and now encompasses 404 claims comprising approximately 18,886 hectares. Additional ground was recently acquired, adjacent to the south and east of the property, to cover anomalies identified from prospecting and soil sampling.

The Eldor property hosts several mineralized zones including the Ashram Rare Earth Zone as well as the Northwest, Southeast and Star Trench zones where previous drilling has identified significant concentrations of tantalum and niobium as well as appreciable amount of uranium, phosphate and fluorine.

Geologically, the Eldor project is a large carbonatite complex. Carbonatites and carbonatite related deposits are a major host for rare metals, such as niobium and tantalum, and rare earth elements. The world's largest niobium mine, Araxa in Brazil, and several of the world's largest rare earth element deposits, including Mt. Weld in Australia, and Mountain Pass in the US, are all hosted by carbonatites, the company added.

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