April 22, 2008 – Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“the Company”) is pleased to announce the appointment of Dr. Axel Hoppe, of Salzgitter, Germany, as Chairman of the Board of Directors.
For 29 years, Dr. Hoppe has held numerous positions with H.C. Starck GmbH (“HCST”): an international group of companies with more than 3,400 employees at 13 production sites in Europe, North America and the Far East. Dr. Hoppe’s last position at HCST was Head of Technical Services and Engineering Group and in addition he was a Member of the Executive Board. He was responsible for all sites worldwide.
Under Dr. Hoppe’s previous leadership as Head of the Electronics and Optics Business Group, HCST has grown into the leading producer of tantalum and niobium products, and remains one of the world’s largest consumers of tantalum raw materials.
During his time in senior management, Dr. Hoppe also worked in the fields of other refractory metals, such as tungsten, molybdenum, and rhenium.
From 1997 until 2007, Dr. Hoppe served as member of the Executive Committee of the Tantalum-Niobium International Study Center (“TIC”): an international association which promotes tantalum and niobium metals, and includes representatives from all segments of the tantalum and niobium industries. In addition, Dr. Hoppe was the President of the TIC in 2002 and 2007.
Dr. Hoppe: “When I first heard about Commerce Resources, I was impressed with the potential of their tantalum and niobium deposits and the positive impact it might have in stabilizing the supply chain for the tantalum industry. Now I was offered the chance to contribute to the company in developing the deposits into a producing mine. I’m glad to become a member of the management team in order to help Commerce Resources to become a world class producer of concentrate.”
Company president David Hodge stated, “We are extremely happy to have Dr. Hoppe join our team. His many years of experience in the industry will move us into the next phase of our development. With his chairmanship, our Upper Fir deposit, and our solid financial foundation, Commerce is in a strong position to move forward into the next phase of our development.”
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.
Exploration to date at the Upper Fir deposit has outlined an indicated resource of 8.6Mt with 208.2 g/t Ta2O5 and 1,372.6 g/t Nb2O5 and an inferred resource of 5.5Mt with 208.2 g/t Ta2O5 and 1,349.9 g/t Nb2O5 (Gorham, 2007). Exploration to date at the Fir Deposit has outlined an indicated resource of 5.65Mt with 203.1g/t Ta2O5 and 1,047g/t Nb2O5 (Verzosa, 2003). The Fir is also host to an inferred resource of 6.7Mt with 203.1 g/t Ta2O5, and 1,047 g/t Nb2O5 (Verzosa, 2003). The Verity Deposit, 10 km north of the Fir deposit, is estimated to host an inferred resource of 3.06Mt with 196g/t Ta2O5, 646g/t Nb2O5 and 3.20% P2O5 (McCrea, 2001). Detailed information on the deposits may be viewed in the Company’s public disclosure on SEDAR.
For further details on Commerce Resources Corp. and the Blue River Tantalum-Niobium Property, visit the corporate website at www.commerceresources.com.
Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“the Company”) is pleased to announce that results of its 2007 diamond drilling program have expanded the known tantalum and niobium mineralization at the Upper Fir deposit. The deposit is located in south-central British Columbia and is wholly-owned by the Company.
During 2007, 18 HQ sized drill holes totaling 4,710 meters were completed at the Upper Fir deposit. All 18 holes intersected mineralized carbonatite, thereby extending the known mineralization by an additional 250 meters to the south and 200 meters to the east of the area identified in 2006. When combined with the apparently contiguous Bone Creek occurrence (drilled in Oct. 2005), the Upper Fir Carbonatite Complex now extends approximately 800 meters east-west, by 1,400 meters north-south. The Upper Fir Carbonatite remains open to both the east and to the south.
Highlights from the 2007 program include:
The weighted average of Ta2O5 (tantalum oxide) without application of a cutoff grade is 176g/t; with an average apparent thickness of 55.2 meters. The weighted average grade of Nb2O5 (niobium oxide) is 1,549g/t and of P2O5 (phosphate) is 3.11% over the same interval.
Using a 150g/t cutoff, the overall weighted average grade for Ta2O5 is 212g/t with an average true thickness of 29.7 meters. Weighted average grades of Nb2O5 and P2O5 (phosphate) for the respective intervals are 1,468g/t and 3.55% P2O5.
Using a 1,500g/t cutoff for Nb2O5, the overall weighted average grade for Nb2O5 is2,587g/t with an average true thickness of 16.7 meters. Weighted average grades of Ta2O5 and P2O5 for these respective intervals are 195g/t and 3.00%.
Significant variability in grade was demonstrated by the 2007 drilling, indicating the potential for higher grade zones within the overall Upper Fir Carbonatite. For example, maximum values of 693g/t Ta2O5 and 9,142g/t Nb2O5 were recorded over one meter, and several significant zones of enrichment were noted, such as within Hole 28, the southernmost hole drilled to date, which contained:
11.00 meters between 128 and 139 meters, averaging 329g/t Ta2O5, 4,990g/t Nb2O5, and 2.83% P2O5;
17.04 meters between 92.96 and 110 meters, averaging 4,943g/t Nb2O5, 153 g/t Ta2O5, and 2.21% P2O5.
Additional examples of higher grade mineralization which are correlative between drill holes, follows:
17 meters from 48 to 65 meters, averaging 232g/t Ta2O5, 1,789g/t Nb2O5, and 3.25% P2O5 (Hole #F07-18);
9 meters from 73 to 82 meters, averaging 284g/t Ta2O5, 2,309g/t Nb2O5, and 3.20% P2O5 (Hole #F07-19);
12 meters from 62 to 74 meters, averaging 245g/t Ta2O5, 1,581g/t Nb2O5, and 2.91% P2O5 (Hole #F07-20).
A summary of the 2007 results follows:
Hole
Carbonatite
Total
Ta2O5
Nb2O5
P2O5
From
(m)
To
(m)
Thick
(m)
Carbonatite (m)
(g/t)
(g/t)
(%)
F07-18*
37.00
221.46
184.46
60.13
189
1,333
3.36
F07-19*
34.84
235.00
200.16
80.06
175
1,481
3.11
F07-20*
48.00
155.00
107.00
42.33
224
1,852
2.77
F07-21*
43.00
228.03
185.03
33.26
185
1,403
3.28
F07-22
12.50
247.38
234.88
54.18
185
1,837
2.72
F07-23*
46.00
251.79
205.79
24.46
196
1,133
3.26
F07-24*
47.00
114.14
67.14
24.84
192
2,327
2.93
F07-25*
90.00
145.37
55.37
29.32
193
1,256
3.1
F07-26
44.00
121.42
77.42
21.45
174
1,501
2.43
F07-27
109.30
225.78
116.48
35.80
135
1,735
2.36
F07-28
92.96
150.40
57.44
57.44
212
3,288
2.51
F07-29
13.71
137.85
124.14
7.00
87
1,370
0.89
F07-30
75.13
149.46
74.33
74.33
204
911
3.43
F07-31
81.00
173.18
92.18
90.64
175
675
3.26
F07-32
67.00
169.60
102.60
87.10
160
1,111
3.40
F07-33
32.00
219.16
187.16
60.50
200
1,350
3.70
F07-34
125.00
304.88
179.88
66.75
161
1,085
3.46
F07-35
166.78
198.70
31.92
18.34
207
1,882
3.45
* results reported in Company news release of October 1, 2007
President of Commerce Resources David Hodge comments, “We are very excited by these results because they not only show an increase in the size of the Upper Fir Carbonatite, but also the discovery of zones of enriched grades of tantalum and niobium. These results point to an extension of the potential life span of this project. Our primary direction is the focus on the development of this near surface deposit, although we will continue our exploration of the other Blue River carbonatites under claim.”
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.
Exploration to date at the Upper Fir deposit has outlined an indicated resource of 8.6Mt with 208.2 g/t Ta2O5 and 1,372.6 g/t Nb2O5 and an inferred resource of 5.5Mt with 208.2 g/t Ta2O5 and 1,349.9 g/t Nb2O5 (Gorham, 2007). Exploration to date at the Fir Deposit has outlined an indicated resource of 5.65Mt with 203.1g/t Ta2O5 and 1,047g/t Nb2O5 (Verzosa, 2003). The Fir is also host to an inferred resource of 6.7Mt with 203.1 g/t Ta2O5, and 1,047 g/t Nb2O5 (Verzosa, 2003). The Verity Deposit, 10 km north of the Fir deposit, is estimated to host an inferred resource of 3.06Mt with 196g/t Ta2O5, 646g/t Nb2O5 and 3.20% P2O5 (McCrea, 2001). Detailed information on the deposits may be viewed in the Company’s public disclosure on SEDAR.
For further details on Commerce Resources Corp. and the Blue River Tantalum-Niobium Property, visit the corporate website at www.commerceresources.com, or contact Investor Relations at (604) 484 2700 or toll free at (866) 484 2700.
February 14, 2008 – Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“the Company”) is pleased to announce that it has received Tier 1 status on the TSX Venture Exchange. This reclassification recognizes the financial strength, management expertise, and significant geological merit of the Blue River Project.
Tier 1 is the TSX Venture Exchange’s premier tier and is reserved for the Exchange’s most advanced issuers with the most significant financial resources. Tier 1 Issuers have eased filing requirements and improved service standards. In addition, it also increases the opportunity for additional institutional participation in the Company.
“This advancement to Tier 1 will allow Commerce to take advantage of a more favorable regulatory environment,” said Shaun Ledding, Director of Commerce Resources Corp. “Our graduation demonstrates our commitment to continued growth as an exploration and development-stage company.”
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 both deposits may be viewed in the Company’s public disclosure on SEDAR.
December 19, 2007 – Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“the Company”) is pleased to announce the results from its 2007 exploration program at its Eldor Carbonatite Project, located in the Labrador Trough area of Quebec, Canada. The results substantiate anomalous concentrations of niobium (Nb2O5) and tantalum (Ta2O5) identified historically as well as anomalous concentrations of gold, uranium and apatite over an area exceeding 6 km long by 1.5 km wide.
The 2007 exploration program, designed to confirm the historic mineralization, consisted of an 862 line-km magnetic / radiometric airborne geophysical survey, and rock and soil sampling. In total, 895 soil samples and 60 rock (grab) samples were collected. The soil sampling (50 meter sample intervals) was considered reconnaissance in nature and consisted of lines spaced approximately 1 km apart across the property.
Highlights are as follow:
- 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 length by 5 km width.
- the soil geochemical survey outlined a niobium anomaly that exceeds 300 ppm Nb2O5 (maximum of 1.18% Nb2O5), over an area measuring approximately 6 km long by 1.5 km wide, which is coincident with one of the most intense parts of the radiometric geophysical anomaly. Of the 60 rock samples collected, 18 exceeded 0.1% Nb2O5.One rock sample exceeded the maximum detection limit for niobium oxide, which is 7.15%. The samples averaged 0.49% Nb2O5.
- twenty-three (23) of the soil samples exceeded 250 g/t Ta2O5, with a peak value of 988 g/t Ta2O5. Of the 60 rock samples collected, 26 exceeded 100 g/t Ta2O5 to a maximum of 1,550 g/t Ta2O5.
- four (4) of the soil samples exceeded 100 ppb gold (Au), with a peak value of 456 ppb Au. Of the 60 rock samples collected from the area, 19 exceeded 100 ppb Au to a maximum of 803 ppb Au (0.803 g/t Au). The 60 rock samples averaged 104 ppb Au. The five (5) greatest samples contained 803, 710, 539, 538, and 533 ppb Au, respectively.
twenty-five (25) rock samples collected from the area exceeded 100 ppm uranium (U3O8) to a maximum of 1,668 ppm U (0.16% U3O8). The 60 rock samples averaged 231 ppm U3O8 (0.51 lbs/tonne).
- twenty-eight (28) rock samples collected from the area exceeded 5% P2O5 (phosphate occurring as apatite) to a maximum of 28.24% P2O5. The 60 rock samples averaged 5.42 % P2O5.
In addition, the soil geochemical survey outlined a nickel anomaly that exceeds 100 ppm nickel to a maximum of 595 ppm nickel. The anomaly measures 7 km long by up to 2 km wide, and is partly coincident, and to the east of the magnetic geophysical anomaly. This represents a separate exploration target from the carbonatite.
The Company is encouraged by the results of the 2007 exploration. Based on the local geology and the sampling results obtained in the field, the Company believes that the Eldor Carbonatite Project has potential for the discovery of a variety of high-value commodities within a very large carbonatite complex.
The diverse array of mineralization evidenced in the Eldor Carbonatite, are not uncommon to these types of systems. Carbonatites are very rare and unique rock types, with only approximately 500 complexes known worldwide. Often containing a variety of exotic minerals, carbonatites have been known to produce economic concentrations of rare earth elements, niobium, copper, iron, apatite, vermiculite and fluorite; with significant byproducts which may include barite, zircon, tantalum, gold, silver, uranium, nickel and platinum group elements.
The Eldor Carbonatite appears 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 4½ km in diameter.
Historic exploration of the Eldor Carbonatite outlined an elliptical shape body with dimensions of approximately 7.75 km by 2.5 km, and with localized, high concentrations of niobium and tantalum. Several of the historic grab and channel samples from the carbonatite ranged from >1% to 11.4% Nb2O5, and from >0.01% to 0.21% Ta2O5.
The primary mineral from which niobium is obtained is known as pyrochlore, found occurring in carbonatites globally. The world's largest deposit located at Araxa, Brazil, is operated by CBMM, and averages between 2.5% and 3.0% Nb205. Two other currently operating pyrochlore mines are Anglo American’s Brasil Mineracao (Brazil), grading 1.34% niobium oxide and Iamgold’s Niobec (Quebec) at their St. Honore deposit, grading 0.67% niobium oxide and mined underground.
Michael Guo, P.Geol., of Dahrouge Geological Consulting Ltd., the qualified person as defined by National Instrument 43-101, is responsible for the 2007 exploration of the Eldor Project. Jody Dahrouge, P.Geo., director and a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.
Except as noted above, all samples were analyzed at Acme Analytical Laboratories in Vancouver, B.C., using ICP-MS (Group 4A and 4B methods).
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 both deposits may be viewed in the Company’s public disclosure on SEDAR.
No interests defined.
