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.
Drilling Begins at Niobium, Tantalum, Phosphate and Uranium Property in Quebec
Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“the Company”) is
pleased to announce the initiation of its 2008 diamond drilling and field work program on its
Eldor niobium and tantalum property in Quebec. The Eldor Property is situated about 115 km
south of the community of Kuujjuaq, which is located 5 km from Ungava Bay.
The 2008 exploration program is designed to build upon the strong results obtained during the
2007 exploration program, which substantiated historic concentrations of niobium (Nb2O5) and
tantalum (Ta2O5). In addition, significant concentrations of phosphate (P2O5) and uranium
(U3O8) were identified.
Pertinent highlights, as reported on December 19, 2007, include:
• The airborne geophysical survey outlined a magnetic anomaly about 9 km long by
3 km wide which is partly coincident with a radiometric anomaly that exceeds 13
km by 5 km.
• The soil geochemical survey outlined a niobium anomaly over an area measuring
approximately 6 km long by 1.5 km wide. Of the 60 rock samples collected, 18
exceeded 0.1 percent Nb2O5. One rock sample exceeded the maximum detection
limit for niobium oxide, which is 7.15 percent. The samples averaged 0.49
percent Nb2O5. (10.78 lb/ton)
• Twenty-eight rock samples collected from the area exceeded 5 percent P2O5
(phosphate occurring as apatite) to a maximum of 28.24 percent P2O5. The 60
rock samples averaged 5.42 percent P2O5.
The initial planned 7,500 m of BTW drilling began on June 2, 2008. Initial locations for drilling
include areas within highly anomalous concentrations of niobium and tantalum in both soil and
rock samples where they overlap with coincident anomalous magnetic and radiometric
geophysical responses. It is anticipated that between 30 and 40 drill holes will be completed
during this phase of the exploration.
Building on the work from the 2007 exploration program, continued soil and rock sampling,
trenching and ground-based geophysics is planned to begin in mid-June, 2008. This will include
infill of the widely spaced reconnaissance sampling program of 2007 to provide additional
drilling targets. As well, reconnaissance soil and rock geochemistry is planned on claims to the
south of the main Eldor block which the Company recently acquired.
Maps of the property may be viewed at http://www.commerceresources.com.
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Other Commerce Resources articles
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04/06/09 Commerce Resources reports encouraging tantalum and niobium grades at Eldor property, Quebec
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19/02/09 Proactiveinvestors Audio Interview with David Hodge of Commerce Resources
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23/12/08 Talison Minerals closes Wodgina Mine. So what?
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05/12/08 Commerce Resources - Marks a successful 2008 drill campaign
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27/11/08 Wodgina – A surprise closure by Talison Minerals
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20/09/08 Commerce Resources Corp. reports a 70% increase in indicated resources
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09/05/08 International Metals Expert Sees Canadian Tantalum-Niobium Company becoming “World-Class Producer”
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09/04/08 Commerce Resources Corp – An emerging tantalum player next to the largest end-user, the US
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21/03/08 Tantalum: what you should know
Other Commerce Resources news
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26/06/09 Commerce Resources to provide updated resource for Upper Fir Tantalum project in next four weeks
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18/05/09 Commerce Resources appoints Sven Olsson to the board
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10/02/09 Commerce Resources grants Canadian International rare earth option deal in British Columbia
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05/01/09 Commerce Resources Interview
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08/08/08 Commerce Resources Corp. Receives Updated Resource Estimate for Upper Fir Tantalum and Niobium Project
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12/06/08 Two Drills in Operation at Blue River Tantalum and Niobium Project in British Columbia
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23/04/08 Commerce Resources appoints rare earth metals specialist as Chairman
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