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Blue River Tantalum-Niobium Project

Upper Fir Property
The Upper Fir deposit is located in the Kamloops Mining Division of British Columbia, approximately 10 kilometers north of the town of Blue River.

The company has outlined an indicated resource for the Upper Fir totaling 11.30 million tonnes grading 198 grams per tonne Ta2O5 and 1,170 grams per tonne Nb2O5. The Upper Fir is also host to an inferred resource of 26.20 million tonnes grading 194 grams per tonne Ta2O5 and 1,182 grams per tonne Nb2O5. [READ MORE]

Fir Property
The Fir deposit, defined by 15 diamond drill holes, contains an indicated resource of 5.65 million tonnes grading 203.1 grams per tonne Ta2O5 and 1,047 grams per tonne Nb2O5. The current geological model suggests this may be part of a larger mineralized system, traced in soil sampling and geophysics. [READ MORE]

Verity Property
The Verity deposit is host to an inferred resource of 3.06 million tonnes grading 196 grams per tonne tantalum and 646 grams per tonne niobium (McCrea, 2001). The Verity remains open for expansion in three directions.

The company's Verity project consists of 13 claims totaling 325 acres, covering the Verity carbonatite and is located 30 kilometers north of Blue River, British Columbia. The claims were staked by Commerce Resources Corp. between February and October 2000, and are owned 100% by Commerce with no underlying royalties. [READ MORE]

Regional Exploration
The Blue River Tantalum-Niobium Project is surrounded by geologically-fertile mineral claims that are also wholly-owned by Commerce Resources Corp. In fact, prior exploration at the project has identified a number of other distinct tantalum-niobium bearing carbonatites. They include the Switch Creek, Bone Creek, Gum Creek, Paradise, Serpentine and Mill complexes. The possibility that these carbonatites may outline the parameters of a large mineralized structure is expected to be better investigated during upcoming exploration seasons.

Eldor Project

The Eldor Property is at a relatively early stage of exploration with historic exploration results indicating considerable potential for carbonatite-hosted niobium and tantalum mineralization. Following its acquisition from Virginia Mines Inc. in 2007, Commerce Resources completed a comprehensive exploration program to confirm the historic mineralization at the property.

The Eldor Carbonatite is similar in size to, or slightly larger than, the present and past producing Canadian carbonatite complexes Oka, and St. Honore, both located in Quebec. It is also comparable in size to the Araxa Carbonatite Complex in Brazil, which is about 4.5 kilometers in diameter. [READ MORE]

Carbo Project

The Carbo Claims consist of five mineral claims, located approximately 80 kilometers northeast of Prince George, British Columbia. During 2006-2007, Commerce Resources conducted rock and soil sampling, and geophysical surveys on the property. The results have produced highly anomalous concentrations of niobium and rare earth elements in the soil and rock samples. Further exploration is required to ascertain the nature of this mineralization.

In 2009, Commerce optioned a 75% interest in the Carbo Claims to Canadian International Minerals ("CIN"). In consideration for the interest CIN will pay a total of $30,000 cash and 1,500,000 common shares. The company is also required to incur a total of $198,000 in exploration expenditures. Commerce retains a 2% Net Smelter Royalty on the property. [READ MORE]