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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.

Thursday, June 05, 2008

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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