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.
Two Drills in Operation at Blue River Tantalum and Niobium Project in British Columbia
Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“the Company”) is
pleased to announce the start of its 2008 diamond drilling and field work program on the Blue
River Tantalum and Niobium Project. The property, wholly owned by Commerce Resources,
covers in excess of 1,000 sq. km and is located about 10 km north of the town of Blue River,
British Columbia.
The 2008 program has two major thrusts: the first is continued development of the Upper Fir
tantalum and niobium deposit towards a pre-feasibility study and the second is to build on the
strong results obtained from the 2007 exploration program through geological evaluation and
diamond drilling of several new exploration targets.
Upper Fir Development Program 2008
The initial phase of drilling will include two drill rigs and include up to 20,000 m of drilling in
50 holes. The work commenced on June 3, 2008.
With positive results, infill and step out holes on the Upper Fir deposit are targeted to provide
sufficient drill density and zone continuity to allow conversion of resources previously identified
as inferred into the indicated category.
An application to collect a bulk sample of up to 10,000 tonnes of mineralized carbonatite for the
purposes of conducting metallurgical test work also has been submitted to the Ministry of
Energy, Mines & Petroleum Resources, and is currently under review.
Regional Exploration Program 2008
Building on the work from the previous exploration, continued mapping, soil and rock sampling,
trenching and ground-based geophysics as well as helicopter prospecting and air photo
interpretation, will target areas which include the Bone Creek and Howard Creek carbonatites.
The regional evaluation is expected to run until October.
Exploration drill targets for this season include: the Switch Creek carbonatite, where 2 holes
totaling 400 m were completed last season. One hole intersected carbonatite which graded 238
ppm Ta205 and 1,793 ppm Nb205 over 1.01 m. Up to 15 drill holes are planned for Switch Creek.
A second drill target area is the Lower Gum Creek, an area identified in 2007 by a band of
anomalous tantalum and Rare Earth Element (REE) values located to the east of the Upper Fir.
This anomaly suggests the presence of a new zone tentatively named the Lower Gum Creek
carbonatite. This zone may also be the source of the anomalous stream sediment samples that returned values of 12,903 ppm combined REE’s and up to 6,409 ppm Nb205. Up to 15 drill holes
are planned for the Lower Gum Creek zone.
Maps of the property may be viewed at http://www.commerceresources.com.
Register here to be notified of future Commerce Resources articles.
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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05/06/08 Drilling Begins at Niobium, Tantalum, Phosphate and Uranium Property in Quebec
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23/04/08 Commerce Resources appoints rare earth metals specialist as Chairman
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