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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.

Friday, August 08, 2008

Commerce Resources Corp. Receives Updated Resource Estimate for Upper Fir Tantalum and Niobium Project

Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“the Company”) is in
receipt of an updated resource estimate for the Upper Fir Carbonatite, located in east-central
British Columbia.


The updated resource estimate is based upon 20 HQ diameter diamond drill holes completed
during 2005-2006, and an additional 18 HQ diameter diamond drill holes completed during
2007. The holes outlined a series of sill-like bodies with up to 100 m total thickness, that
extends for more than 1,100 m in a north-south direction and up to 600 m in an east-west
direction. The carbonatite remains open both to the east and to the south.


Based on the exploration from 2005-2007, the Upper Fir Carbonatite is estimated to contain an
indicated resource of 14.68 Mt with average grades of 190 g/t Ta2O5 (Tantalum) and 1,300 g/t
Nb2O5 (Niobium), within a 38 m confidence limit. In addition, the mineralized body is estimated
to contain an inferred resource of 19.8 Mt with average grades of 188 g/t Ta2O5 and 1,612 g/t
Nb2O5, within a 100 m confidence limit. When using higher grade cut-offs of 200 g/t Ta2O5, the
average tantalum grades increase to 231 g/t for the indicated portion and 225 g/t for the inferred
portion.


Notes:


• Mineral resources which are not mineral reserves do not have demonstrated economic viability.


• Not all tonnage will be recovered in mining, nor will all metal be recovered during milling and processing.


The mineral resource estimations have been prepared by John Gorham, P.Geol., an independent
Qualified Person as defined by National Instrument 43-101 based on the following:


• mineral resources were estimated from a solid model using ordinary kriging and a block
model with 5 m x 10 m x 10 m blocks;


• a specific gravity of 3.00 was utilized in converting volumes to tonnes; and


• indicated resources are those resources within 37.5 m of an existing data point, while
inferred resources are those resources that are between 37.5 m and 100 m of an existing
data point.


The outlook for prices of tantalum and niobium are positive as inventories continue to deplete
due to the increase in consumer spending on electronics as well as in the steel making industry.


In addition, there has been increased attention paid to alternate sources of tantalum due to market
instabilities driven by the world’s largest producer, Talison Minerals Pty Ltd. The majority of
tantalum is sold under long-term contract. A premium is put on material derived from ‘conflictfree’
sources. Though marketing investigations particular to potential products from the Upper
Fir carbonatite have not yet been completed, based on producer reports, tantalum concentrate
reportedly sells for between $35 to $70+ USD/lb, while ferro-niobium sells for between $7.50
and $13.50USD/lb.


John Gorham, P. Geol., a qualified person as defined by National Instrument 43-101, supervised
the preparation of the technical information in this news release.


About Commerce Resources Corp.
Commerce Resources Corp.’s stated goal is to become the world’s next source of tantalum and
niobium. Commerce is an active tantalum and niobium explorer in North America, with a focus
on developing the Upper Fir Deposit in British Columbia and the Eldor Deposit in Quebec.
Detailed information on the deposits may be viewed in the Company’s public disclosure on
SEDAR.

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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

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