Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This from the/a May 12th Rockstone report
Find the May 12th and April 23rd reports here :
http://www.rockstone-research.com/#!__rockstone-en/research
because it sure seems to me that it's these reports which're hoisting things !
*And I too am fairly impressed with these Rockstone Reports.....
(They seem to be fairly "straight up")....Altho : Who is this "Secutor" guy ?
I dunno....*Might have to Google him out.
Wonder if he's any better'n the once famous Jack Lifton....
Or (lol) maybe whether they're both the same guys - Jack Liftons' alternate handle ?
Anyways : (look at his target valuation !)
This from the/a May 12th Rockstone report
VALUATION :
In Secutor‘s valuation, an after-tax NPV of $1.44/
share was calculated for Commerce‘s Ashram
Project in Quebec, which is +747% from its current
share price of $0.17.
The calculation was based on the July 2012 PEA
results, including project finance (100% debt plus
$28 million in equity for completion of the prefeasibility
study and feasibility study), using a
10% discounted cash flow model and March 2014
REE prices.
Although REE prices are much lower than in mid-
2012, the Ashram Project remains robust thanks
to its balanced REE distribution giving it “a better
chance of surviving price weaknesses“, as Secutor
analyses, and which is in stark contrast to other
producers, first and foremost Molycorp and Lynas,
struggling to remain profitable at current low
market prices.
$1.44.share : That is his Target.....
Don't you just love such things ?
God Bless
*MY Target would just be the upper-most line :
Well if they ARE the cream of the crop (as that April 27th report claims they are), then they may not need a joint venture partner, unless they're completely running out of funds, which could be the case but perhaps not for long (IF they're the cream of the crop)
But I've no idea what their financial status is :
I simply let charts tell me what it might be.
I think only one thing will sustain the price and that is a joint venture. Otherwise, I think that it will eventually backtrack. I voice this by observation of Commerce from over the years.
I hate to chase stocks too, as I usually lose.
We have the summer coming up; who knows if the entire market will slide.
I have more trust in my gardens than I do in the markets.
sumi
This is a dated post, seven years old, but it is worth reposting: #msg-16547628 In fact, start from the first post of this board; things are still in play. A lot has happened in the past and a lot more will happen in the future.
sumi
Great charts and yes, that 25-cent level is a hurdle.
I believe that the only way Commerce will break through future levels is with a joint venture with a large partner. That way it could avoid issuing stock to fund more drilling programs, secure its future with a deep-pocket partner and bring Commerce forth as a force in rare earth metals.
The offset is giving up part of the action, but I'd rather have a half loaf of bread than none at all.
Stay tuned and I'm patiently waiting,
sumi
Yes, I'd perhaps give 'em a call if I did have a phone - But circumstances currently aren't quite allowing that (not that I'm in prison or anything like that, although, perhaps in a sense I am)....lol
Regardless, I have more faith in charts than what advertisers (investor relations folks) say anyway.....
And right now the charts might just be speaking volumes ;
Its' .25 cent level - looks somewhat significant
Still, grasping at least some of what the fundamentals are though, naturally might also be helpful.
Not sure if you have spoken to Investor Relations at Commerce, but that would give you a better picture than I can provide:
Chris Grove, Director
Tel: 604.484.2700
sumi
Ouch......But,
Thanks for the heads up.
Can YOU see why that release was construed as so positive ?
Am attempting to compare it with the one which was released back in January : http://finance.yahoo.com/news/commerce-resources-corp-expands-rare-130000459.html
I reckon todays results were simply preliminary : From todays release :
"Preliminary results appear positive with information currently being assessed by Roche Ltd."
More detailed information (like that seen in the link above), I imagine is forthcoming.....(not that once it comes out, I'd actually be able to comprehend the sites' actual value or worthiness)....lol
What do you think ?....ARE THEY sitting atop a bonanza-style deposit ?
Commerce Resources Corp. Completes Drill Program at the Ashram Rare Earth Deposit, Northern Quebec
PR Newswire - Commerce Resources Corp.
VANCOUVER, May 13, 2014 /PRNewswire/
http://finance.yahoo.com/news/commerce-resources-corp-completes-drill-070500917.html
Commerce Resources Corp. (CCE.V) (D7H.F) (the "Company") is pleased to announce the completion of the winter drill program at its 100% owned Ashram Rare Earth Deposit located in Northern Quebec.
The drill program, which commenced in late March, has been completed on schedule and under budget. Final demobilization of field crews is underway. Twelve drill holes were completed for a total of 1,556.61 metres. The drill holes at the Ashram Deposit included:
1.Nine holes completed as infill on the Ashram Deposit over Centre Pond, focusing on the MHREO Zone, and
2.Three short geotechnical holes completed peripheral to the deposit to assess the preferred location of the dyke to be emplaced on Centre Pond.
A map illustrating the location of the 2014 drill holes may be viewed at http://www.commerceresources.com/i/maps/Ashram-Drill-Plan-TotMag-Pit-Footprint.pdf
Infill Drilling
The infill drill program was successful with all nine drill holes (1,494.56 metres) collaring in mineralization that continued over their entire length. Each infill drill hole was intentionally ended at a set depth below the base of the proposed pit bottom resulting in each hole bottoming in mineralization. Further, mineralogical and lithological information from several drill holes strongly indicate that the MHREO Zone was intersected over significant widths. Samples are en route to Activation Laboratories of Ancaster, Ontario for analysis. Results will be released when received.
Geotechnical Drilling
Three short geotechnical holes (total of 62.05 metres) were completed to the east of the deposit; two on Centre Pond and one on land. Information collected included soil type, depth to bedrock, and assessment of bedrock type and competency, which will assist in determining if the proposed dyke location would be adequate. Preliminary results appear positive with information currently being assessed by Roche Ltd.
Additionally, the Company is informed that Secutor Capital Management Corp., an Ontario based licensed investment advisor and broker, has initiated coverage on Commerce Resources. It is the policy of Commerce Resources not to comment on any report, analysis or coverage by registered financial analysts regarding any aspect of our Company.
The Ashram Deposit has a measured and indicated resource of 29.3 million tonnes at 1.90% TREO and an inferred resource of 219.8 million tonnes at 1.88% TREO, based on 57 holes and 16,868 metres drilled. (See news release dated May 24, 2012).
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., 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. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Upper Fir Tantalum and Niobium Deposit in British Columbia and the Ashram Rare Earth Element Deposit in Quebec.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604.484.2700
Email: dhodge@commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include such statements as strongly indicate that the MHREO Zone was intersected over significant widths and that the geotechnical drilling will assist in determining the proposed dyke location. These forward-looking statements are based on the opinions and estimates of management and its consultants at the date the information is disseminated. They are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include changing costs for mining and processing and their impact on the cut off value established; increased capital costs; changing forecasts of mine production rates; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; market pricing for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
Reason for April upspike =
This report - http://www.rockstone-research.de/research/RockstoneREEupdate3english.pdf
See page 5
About Niobium
http://www.commerceresources.com/s/AboutNiobium.asp
About Tantalum
http://www.commerceresources.com/s/AboutTantalum.asp
Tantalum Facts
Chemical & Physical Properties
By Anne Marie Helmenstine, Ph.D.
http://chemistry.about.com/od/elementfacts/a/tantalum.htm
Commerce Resources Corp. Produces 40% TREO Mineral Concentrate from the Ashram Rare Earth Element Deposit, Northern Quebec
1 hours 33 minutes ago - PR Newswire via Comtex
February 20, 2013
http://finance.yahoo.com/news/commerce-resources-corp-produces-40-133000048.html
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to announce additional results from the on-going metallurgical programs on the Company's 100%-owned Ashram Rare Earth Element (REE) Deposit. Significant metallurgical advancements have been made since those detailed in the Company's News Release dated November 15th, 2012.
Highlights
-- Production of reproducible, high-grade, rare earth mineral concentrates with greater than 30.0% TREO
-- Successful application of wet high intensity magnetic separation (WHIMS) to mineral concentrate upgrading
-- Significant advancement in sulphation roast-leaching ('cracking') of mineral concentrates using a two-acid method
Using conventional beneficiation and flotation techniques, multiple mineral concentrates of greater than 30% Total Rare Earth Oxide (TREO) have been produced including 40.0% TREO at 51.9% recovery, 30.7% TREO at 51.9% recovery, and 38.2% TREO at 44.8% recovery. These results represent TREO upgrading of over 15 times the original grade into less than 5% of the original mass (i.e. a mass reduction of more than 95%). In addition, mineral concentrate grades of 18.2% TREO at 73.0% recovery and 27.2% TREO at 58.4% recovery have been produced. This demonstrates that high-grade mineral concentrates with higher recoveries are achievable.
The high-grade mineral concentrates result from the Ashram Deposit's simple rare earth mineralogy consisting of monazite, bastnaesite, and xenotime. These three minerals contain among the highest REO (>60%) contents of any known mineral, dominate current commercial processing, and share common and conventional processing techniques.
Company President David Hodge states "We are excited by the considerable increase in mineral concentrate grades and recoveries over the past 3-4 months. The REE mineral concentrates produced from Ashram appear to be the highest grade of any developing rare earth project. Our ability to create a high-grade mineral concentrate will lead to reduced downstream processing costs and acid consumption. This will have a positive and direct impact on the Ashram Project's OPEX."
Physical Upgrade
To date, two successful approaches to physical upgrading have been developed involving conventional flotation at ambient temperatures, and wet high-intensity magnetic separation (WHIMS). The final Ashram flowsheet will merge the best attributes of both methods to develop an optimized approach of physical upgrading to a high-grade rare earth mineral concentrate. The production of a mineral concentrate is the final step before undergoing a sulphation roast-leach ('cracking') to liberate the REEs into solution.
Flotation (UVR-FIA GmbH)
The first method of physical upgrading is a size fraction approach in which all the mineralized whole rock material is ground and separated, via hydrocycloning and screening, into three size fractions termed 'fine', 'middle', and 'coarse'. The fine and middle size fractions are treated separately using conventional flotation techniques optimized for that fraction, while the coarse fraction is reground and classified proportionally into the other two fractions. After each fraction has been optimally upgraded they are recombined into a final high-grade mineral concentrate.
This method has been the focus of UVR-FIA GmbH of Freiberg, Germany under the direction of Gerhard Merker, a leading expert in mineral flotation. Representative test results are listed in Table 1.
Table 1: Test Results of Flotation Upgrading Using a Three Size Fraction Approach
(1) XRF refers to quantitative analysis by XRF using a fusion bead/tablet.Analytical Size Test ID Upgrading % of Original Analysis Recovery(4) Upgrade
Method(1) Fraction(s)(2) Process Feed Weight (TREO)(3) Ratio(5)
Grade and Recovery referenced to Size Fraction Input - fine, middle, and coarse
XRF Fine 55-25/124 Flotation 14.2% 8.3% 60.5% 4.3 times
XRF Middle 58-18a Flotation 10.0% 22.4% 88.4% 11.5 times
ICP Middle 58-18b Flotation 7.9% 26.8% 83.7% 13.7 times
XRF Fine(7) + Middle 58-20a Flotation 6.0% 27.2% 74.5% 13.9 times
ICP Middle 58-13 Flotation 5.4% 29.7% 70.1% 15.2 times
XRF Middle 58-17a Flotation 7.6% 30.7% 79.8% 15.7 times
ICP Middle 58-16 Flotation 5.3% 32.9% 72.9% 16.9 times
ICP Middle 58-17b Flotation 5.3% 38.2% 68.9% 19.6 times
XRF Fine(7) + Middle 58-20b Flotation 4.1% 40.0% 66.5% 20.5 times
XRF Middle 55-25-132 Flotation 1.9% 43.3% 33.8% 22.2 times
- Coarse Re-ground proportionally back to fine and middle fractions
Grade and Recovery referenced to Whole Rock Input(6)
XRF Fine + Middle + 55-25/124 + 58-18a Flotation 11.7% 15.5% 78.6% 7.9 times
Coarse
XRF/ICP Fine + Middle + 55-25/124 + 58-18b Flotation 10.4% 16.7% 75.6% 8.6 times
Coarse
XRF Fine + Middle + 55-25/124 + 58-17a Flotation 10.2% 18.2% 73.0% 9.3 times
Coarse
XRF/ICP Fine + Middle + 55-25/124 + 58-17b Flotation 8.8% 19.0% 66.0% 9.7 times
Coarse
XRF Fine(7) + Middle + 58-20a Flotation 4.2% 27.2% 58.4% 13.9 times
Coarse
XRF Middle + Coarse 58-17a Flotation 4.5% 30.7% 51.9% 15.7 times
(Fine Discarded)
ICP Middle + Coarse 58-16 Flotation 3.2% 32.9% 47.4% 16.9 times
(Fine Discarded)
ICP Middle + Coarse 58-17b Flotation 3.2% 38.2% 44.8% 19.6 times
(Fine Discarded)
XRF Fine(7) + Middle + 58-20b Flotation 2.9% 40.0% 51.9% 20.5 times
Coarse
Analytical Test ID Upgrading Process % of Original Analysis Recovery(2) Upgrade
Method(1) Feed Weight (TREO)(1) Ratio(3)
ICP 3638-1 Flotation 9.1% 15.0% 68.9% 7.7 times
(Cleaner 1 of 2 Roughers)
ICP 3612-155 Flotation 11.2% 13.4% 75.0% 6.9 times
ICP 3612-116 Flotation 15.1% 10.6% 79.6% 5.4 times
ICP 3638-1 Flotation 16.3% 10.1% 82.9% 5.2 times
Whole Rock REE Mineral WHIMS WHIMS Referenced to
Material Concentrate(1) (Magnetic Fraction)(1) Concentrate Feed
Test ID - 3638-10 3638-43 -
Upgrading Process None Flotation of Whole Flotation (3638-10) + -
(Original Feed) Rock Material WHIMS
Weight 989.1g 163.0g 124.2g - 38.8g
% of Original Feed Weight 100% 16.5% 12.6% 24% reduction in weight
TREO(2) Content 2.0% 9.7% 11.8% 22% increase in grade
TREO Recovery(3) 100% 79.5% 75.2% 95% recovery
TREO Upgrade Ratio 0 times 4.9 times 5.9 times -
Fluorite Content(3) 5.9% 29.6% 15.2% 51% decrease in fluorite grade
Fluorite Recovery 100% 82.3% 31.9% 61% fluorite rejection
China reshapes role in rare earths, could be importer by 2014
07/13/2012
By David Stanway
BEIJING | Tue Jul 10, 2012 10:50pm BST
http://uk.reuters.com/article/2012/07/10/business-us-china-rareearths-idUKBRE8691E920120710
BEIJING (Reuters) - China, the world's biggest producer of rare earth metals, is likely to turn an importer of the vital industrial ingredients by as early as 2014 as it boosts consumption in domestic high-tech industries rather than just shipping raw material overseas.
China says it is curbing exports to redress the environmental damage done by decades of mining, but has also made clear it would prefer to be the biggest consumer of rare earths rather than the biggest producer.
China's appetite is growing fast as it seeks to maintain its stranglehold over the group of 17 elements used in new technologies like smartphones and hybrid cars.
A concerted effort to build an entire industrial chain means that China, which produces more than 90 percent of world supplies of rare earths, is now consuming 65 percent of output versus 25 percent a decade ago.
"By 2014 or 2015, China will probably be in a net import situation for certain rare earths," said Mark Smith, chief executive of Colorado-based miner Molycorp, which this year acquired China-based Neo Material Technologies to boost its processing know-how and its presence in China.
"When the demand is there, that's where the supply has to go. Over 80 percent of the magnets produced in the world come from China and that is growing just tremendously every year," Smith told Reuters in an interview.
While its tight export controls have sparked disputes with the United States, Japan and Europe, Beijing's priorities extend beyond controlling supplies and prices. It aims to dominate downstream products like magnets, which can be made smaller and more powerful with rare earths.
China's coking coal sector offers a lesson, analysts say. Determined to feed its own steel mills instead of shipping the material abroad, China changed itself from the world's biggest exporter into one of the biggest importers.
SHARING THE BURDEN
The United States Geological Survey says China has about half of global rare earth reserves, with 55 million tonnes, as compared to Russia with 19 million and the United States with 13 million. But China says the figure is closer to a quarter and churning out 90 percent of world supplies is unsustainable.
Domestic consumption will grow at least 10 percent a year in the next few years, said Li Zhong, vice-president of China's biggest miner, Baotou Rare Earth, and with Beijing also capping output, the growth can only be met by a further export cut or increased imports.
Beijing's policies have already pushed up prices, persuading countries like the United States, Canada and India to resume production after shutting mines decades ago. Processing is also becoming attractive, with Australia's Lynas Corp seeking approval to build a plant in Malaysia.
HIGH-TECH REWARDS
For Beijing, shipping low-end ore abroad meant it paid all the environmental costs but gained none of the rewards from high-tech manufacturing. Its efforts to clean up mining and limit foreign sales are part of the same strategy to maximize returns from its resources.
"The control over global rare earth output is important as far as it buys China the time needed to establish the supply chain," said Jane Nakano, a researcher at the Center for Strategic and International Studies in Washington.
As part of the push downstream, big producing regions like Baotou in Inner Mongolia are being encouraged to emulate the likes of Japan's Hitachi, which began as a copper mine and turned itself into multi-billion dollar high-tech conglomerate.
One key industry is magnets, used in renewable energy, satellites, MRIs and gas drilling. Chinese producers like Zhenghai Magnetic Materials contribute more than 80 percent of global output, up from almost zero two decades ago.
China also makes more than 70 percent of the world's total luminescent materials, hydrogen storage cells and glass polishing materials, the industry ministry said in a report last month. All these items utilize rare earths.
While the ministry said China still lagged in downstream technologies, export curbs are playing a role in the effort to catch up, encouraging foreign firms to bring technology to China in pursuit of cheaper rare earth.
"We were supplying all the glass plants and they were a huge operation in the United States for over 100 years, but those operations have essentially all moved to China," said Michael Silver, chief executive of advanced materials maker American Elements, which gets rare earths from China.
Glass makers were lured to China because of cerium, used in glass coloring and polishing. Neodymium is also used in energy-saving light bulbs, whose production has also moved to China.
IMPORTS
China's experience with coking coal provides a precedent.
As the world's biggest producer of the steelmaking material, China was also a massive exporter, shipping millions of tonnes a year to Europe and Japan.
But it wanted more. It imposed export curbs, rode out trade disputes and became a net importer by 2008 following a massive expansion of its steel sector. Imports now meet a fifth of China's 550 million-tonne annual consumption.
While China is unlikely to import light rare earths such as lanthanum and cerium, abundant in Inner Mongolia, shortages of heavy and medium rare earths could arise.
"Given the way demand is increasing, it is quite possible China will eventually be importing some heavy rare earth elements," said an official with a rare earth magnet producer.
Smith of Molycorp hopes for a time when his company will not only fill gaps in global supplies but also supply China itself.
"Simply put, we don't think China can keep up with the demand for rare earths," he said. "They are going to have to go to the outside."
(Editing by Clarence Fernandez)
The Contender
Commerce Releases Quebec REE PEA, Moves to Prefeas
Robert Owen
The bubble burst with such force that it blew away dozens of fledgling projects. That’s what happened to rare earths in 2011. Since then, the sector has seen a race to production which further separates the contenders from the pretenders. Last week’s preliminary economic assessment from Commerce Resources TSXV:CCE puts the Ashram Deposit at its northeast Quebec Eldor Project “in an advantageous position,” says Chris Grove, Corporate Communications.
Grove continues, “We have been rapidly advancing exploration at the project to be able to demonstrate this resource. Now, with this PEA, we have shown the robust economics of the Ashram Deposit, and we are excited about the next stages of development of it.”
Read more of this article on Commerce Resource's REE PEA. http://resourceclips.com/2012/05/31/the-contender/
Commerce Resources Corp. Reports Robust Economics from Preliminary Economic Assessment for the Ashram Rare Earth Element Deposit, Northern Quebec
Press Release: Commerce Resources Corp. – May 24, 2012
http://finance.yahoo.com/news/commerce-resources-corp-reports-robust-152700399.html
Commerce Resources Corp. Files NI 43-101 Technical Report for Ashram Rare Earth Element Deposit Resource Update
Press Release: Commerce Resources Corp. – Fri, Apr 20, 2012 8:12 PM EDT
http://finance.yahoo.com/news/commerce-resources-corp-files-ni-001200667.html
Agree, CCE is way oversold.
This week's NR did not do a thing; in fact, share price went down.
I'm still holding for the long term.
sumi
CCE looking good.
Needs volume!
Commerce Resources Corp. Reports Significant Increase in Resources and Grade at the Ashram Rare Earth Element Deposit, Northern Quebec
Press Release: Commerce Resources Corp. – 2 hours 13 minutes ago
http://finance.yahoo.com/news/commerce-resources-corp-reports-significant-130000362.html
Commerce Resources Corp. Intersects 325.31 m of 1.96% TREO, and 90.38 m of 2.21% TREO at the Ashram Deposit, Northern Quebec
38 minutes ago - PR Newswire via Comtex
Commerce Resources Corp. (TSXv: CCE), (FSE: D7H), (OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the results for four drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element ("REE") Deposit, at the Eldor Project in northern Quebec.
As drilling progresses north, significant REE mineralization continues to be intersected at surface down to considerable depths.
Highlights are as follows:
Drill Hole EC11-084: 325.31 m of 1.96% Total Rare Earth Oxides (TREO)
Including 52.25 m of 2.26% TREO
Drill Hole EC11-085: 144.52 m of 1.94% TREO
Including 90.38 m of 2.21% TREO
Drill Hole EC11-083: 88.68 m of 2.14% TREO
Drill Hole EC11-086: 80.56 m of 2.14% TREO
Middle and Heavy Rare Earth Element Enrichment
The Middle and Heavy Rare Earth Oxide ("MHREO") zone at Ashram has expanded significantly with the results from the 2011 summer/fall drill program and now has a surface footprint of approximately 175 m along strike, 200 m in width, and to a depth of 175 m, with considerable room for expansion remaining.
Middle and heavy rare earth enrichment remains consistent throughout the deposit with the main enriched zone still present in EC11-083, 084, and 085 as small zones averaging ~10% MHREO grading in and out down hole. Peak values greater than 20% MHREO continue to be returned including one sample with 410 ppm dysprosium and 201 ppm europium at a TREO of 1.86%.
Complete results are as follows:
Strike/Dip Drill Hole From To Interval TREO MHREO Neodymium
(?) (m) (m) (m) (%) (% of Oxide
TREO) (% of TREO)
230/45 EC11-083 2.12 154.93 152.81 1.80 7.1 16.7
incl. 2.12 90.80 88.68 2.14 7.1 15.6
MHREO 24.59 30.89 6.30 1.82 11.7 16.6
Zone
45.88 50.81 4.93 1.88 10.5 18.2
51.55 54.61 3.06 1.83 10.4 16.7
56.40 58.90 2.50 1.97 9.5 19.5
139.26 144.18 4.92 1.15 11.9 22.0
0/90 EC11-084 3.10 400.17 397.07 1.83 6.6 16.6
incl. 3.10 328.41 325.31 1.96 6.6 16.2
incl. 208.42 260.67 52.25 2.26 4.5 15.2
MHREO 56.30 84.00 27.70 1.77 9.6 18.0
Zone
104.93 110.20 5.27 1.96 11.1 18.6
124.61 130.37 5.76 1.40 11.7 17.5
147.75 157.12 9.37 1.33 10.4 22.4
171.60 181.59 9.99 1.66 10.7 18.9
359.05 364.85 5.80 1.07 10.8 22.9
230/45 EC11-085 3.66 148.18 144.52 1.94 7.2 16.2
incl. 28.53 118.91 90.38 2.21 7.1 15.4
MHREO 13.43 16.87 3.44 1.54 11.5 16.9
Zone
37.80 56.62 18.82 2.05 10.7 16.3
143.20 146.42 3.22 1.16 11.2 22.4
230/45 EC11-086 368.69 757.73 389.04 1.61 6.1 18.1
incl. 582.17 662.73 80.56 2.14 5.4 17.4
Rare Earths In Abundance
Commerce Finds Up to 44 Pounds per Ton at Eldor
By Ted Niles
The phrase “more of the same” has an uncharacteristically positive implication when applied to Commerce Resources Corp’s TSXV:CCE Eldor project. In 2010, when analyst John Kaiser of Kaiser Research Online called Eldor “the most important new grassroots rare earth discovery since market interest in rare earths took off in 2009,” the assessment was based on the discovery hole. Since then, much has occurred to vindicate Kaiser’s claim. “Every time we’ve started a new program,” President Dave Hodge remarks, “we had to bring in a different drill, one that would go deeper, because the deposit just seemed to keep going and going. This drill program was no different.”
Commerce acquired Eldor—located in northern Quebec’s Labrador Trough—in 2007 with a focus on tantalum and niobium. In the process, says Hodge, “[We] discovered what we believe will be one of the world’s largest resources of rare earths in a small portion of a very large carbonatite complex.” This is small only relatively—given Eldor’s 19,006 hectares—and is called the Ashram deposit. On March 3, Commerce released an NI 43-101 inferred resource estimate for Ashram of 117.34 million tonnes grading 1.74% total rare earth oxides (TREO) at a 1.25% cut-off. This was based on Commerce’s 2010 12-hole drill campaign, consisting of 3,300 metres.
Read the rest of this article: http://resourceclips.com/2011/12/19/rare-earths-in-abundance/
Commerce Resources Corp. Intersects 176.43 metres of Middle and Heavy Rare Earth Element Enrichment from Surface at the Ashram Deposit, Northern Quebec
17 hours 9 minutes ago - CNW Group via Comtex
http://finance.yahoo.com/news/Commerce-Resources-Corp-cnw-3329199605.html?x=0
Commerce Resources Corp. (TSXv: CCE), (FSE: D7H), (OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the results for an additional five drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element ("REE") Deposit, at the Eldor Project in northern Quebec.
Of the results, two holes have significantly expanded the Middle and Heavy Rare Earth Oxide ("MHREO") zone at depth; increasing it to more than 175 metres from surface.
Highlights are as follows:
-- Drill Hole EC11-075: 104.19 metres of 12.7% MHREO at 1.54%
Total Rare Earth Oxides ("TREO")
-- Drill Hole EC11-076A: 176.43 metres of 12.3% MHREO at 1.56%
TREO,
o Including 48.91 m of 14.2% MHREO at 1.46% TREO
o Including 38.71 m of 11.7% MHREO at 2.03% TREO
In addition, the summer/fall program has continued to return consistent and strong REE mineralization continuing to the north with grades greater than that of the initial NI43-101 resource estimate (1.74%). Several lengthy intersections also lie outside of the area of the initial resource estimate. Highlights are as follows:
-- Drill Hole EC11-078A: 136.48 metres of 2.21% TREO
-- Drill Hole EC11-077: 64.18 metres of 1.96% TREO
-- Drill Hole EC11-082: 321.76 metres of 2.05% TREO
* Drill holes EC11-077 and 078A are located outside the area used for the initial 43-101 resource estimate while EC11-082 was collared approximately 35 m within.
The rare earth mineralized footprint at Ashram extends approximately 700 metres along strike, over 500 metres across, and to depths exceeding 600 metres. Mineralization remains open to the north, south, at depth, and is not fully constrained to the west and east.
A map showing the drill hole locations and detailed analytical results will be posted on the Company's website at: http://www.commerceresources.com/s/Eldor.asp
Complete results are as follows:
_____________________________________________________________________
|Strike/Dip| |From | To |Interval |TREO |MHREO|Neodymium |
| (à¦) |Drill Hole| (m) | (m) | (m) | (%) |(% of| Oxide |
| | | | | | |TREO)|(% of TREO)|
|__________|__________|______|______|_________|_____|_____|___________|
| 230/45 | EC11-075 | 4.85 |191.13| 186.28 |1.77 | 9.2 | 17.4 |
|__________|__________|______|______|_________|_____|_____|___________|
| | incl. |129.71|186.10| 56.39 |2.20 | 5.6 | 15.4 |
|__________|__________|______|______|_________|_____|_____|___________|
| | | | | | | | |
|__________|__________|______|______|_________|_____|_____|___________|
| | MHREO | 4.85 |109.04| 104.19 |1.54 |12.7 | 19.1 |
|__________| Zone |______|______|_________|_____|_____|___________|
| | | 7.68 |23.20 | 15.52 |1.15 |15.4 | 23.9 |
|__________| |______|______|_________|_____|_____|___________|
| | |44.40 |66.02 | 21.62 |1.36 |14.4 | 21.7 |
|__________|__________|______|______|_________|_____|_____|___________|
| | | | | | | | |
|__________|__________|______|______|_________|_____|_____|___________|
| 0/90 |EC11-076A | 2.19 |385.22| 383.03 |1.56 | 8.9 | 17.5 |
|__________|__________|______|______|_________|_____|_____|___________|
| | incl. |250.00|313.89| 63.89 |2.08 | 4.5 | 15.0 |
|__________|__________|______|______|_________|_____|_____|___________|
| | | | | | | | |
|__________|__________|______|______|_________|_____|_____|___________|
| | MHREO | 2.19 |178.62| 176.43 |1.56 |12.3 | 18.5 |
|__________| Zone |______|______|_________|_____|_____|___________|
| | | 3.05 |51.96 | 48.91 |1.46 |14.2 | 20.2 |
|__________| |______|______|_________|_____|_____|___________|
| | |53.36 |92.07 | 38.71 |2.03 |11.7 | 16.6 |
|__________|__________|______|______|_________|_____|_____|___________|
| | | | | | | | |
|__________|__________|______|______|_________|_____|_____|___________|
| 230/45 | EC11-077 | 3.00 |118.23| 115.23 |1.71 | 7.4 | 17.2 |
|__________|__________|______|______|_________|_____|_____|___________|
| | incl. |23.74 |87.92 | 64.18 |1.96 | 7.3 | 15.8 |
|__________|__________|______|______|_________|_____|_____|___________|
| | | | | | | | |
|__________|__________|______|______|_________|_____|_____|___________|
| |MHREO Zone| 4.71 |13.66 | 8.95 |1.06 |11.9 | 30.5 |
|__________|__________|______|______|_________|_____|_____|___________|
| | | | | | | | |
|__________|__________|______|______|_________|_____|_____|___________|
| 230/75 |EC11-078A | 5.17 |259.88| 254.71 |1.92 | 5.4 | 16.0 |
|__________|__________|______|______|_________|_____|_____|___________|
| | incl. |30.10 |166.58| 136.48 |2.21 | 5.2 | 15.1 |
|__________|__________|______|______|_________|_____|_____|___________|
| | or |156.94|166.58| 9.64 |3.06 | 3.2 | 12.6 |
|__________|__________|______|______|_________|_____|_____|___________|
| | | | | | | | |
|__________|__________|______|______|_________|_____|_____|___________|
| 0/90 | EC11-082 | 4.19 |325.95| 321.76 |2.05 | 6.2 | 15.7 |
|__________|__________|______|______|_________|_____|_____|___________|
| | incl. |282.08|325.02| 42.94 |2.26 | 4.0 | 14.2 |
|__________|__________|______|______|_________|_____|_____|___________|
| | | | | | | | |
|__________|__________|______|______|_________|_____|_____|___________|
Commerce President David Hodge on Quebec rare earths assays of 2.04% TREO over 491.1m
Commerce Resources Corp TSXV:CCE announced results from the Ashram deposit of its Eldor project in northern Quebec. Assays include
2.04% total rare earth oxides over 491.1 metres
2.2% over 218.7 metres
2.47% over 123.4 metres.
The Ashram deposit has an NI 43-101 inferred mineral resource estimate of 117.34 million tonnes averaging 1.74% total rare earth oxides, using a base cutoff of 1.25% TREO.
Read the rest of this article: http://bit.ly/snTUwt
Commerce Resources Corp. Intersects 2.47% TREO over 123.41 metres, and Continues to Expand Middle and Heavy Rare Earth Element Enrichment at the Ashram Deposit, Northern Quebec
http://finance.yahoo.com/news/Commerce-Resources-Corp-cnw-220033154.html?x=0
17 hours 33 minutes ago - CNW Group via Comtex
Commerce Resources Corp. (TSXV: CCE) (FSE: D7H) (OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the results for an additional eleven drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element ("REE") Deposit at the Eldor Project in northern Quebec. A total of thirty-three drill holes were completed with assays pending for eighteen.
The summer/fall program continued to return lengthy intersections of REE mineralization, including several lying outside of the area used to calculate the initial NI 43-101 resource estimate. Highlights are as follows:
-- Drill Hole EC11-064: 491.05 metres of 2.04% Total Rare Earth Oxides ("TREO")
-- Drill Hole EC11-068: 218.74 metres of 2.20% TREO
-- Drill Hole EC11-059: 123.41 metres of 2.47% TREO
The rare earth mineralized footprint at Ashram now extends approximately 700 metres along strike, over 500 metres across, and to depths exceeding 600 metres. Mineralization remains open to the north, south, at depth, and is not fully constrained to the west and east.
Expanded Middle and Heavy Rare Earth Enrichment
The Middle and Heavy Rare Earth Oxide ("MHREO") enriched zone continues to expand at Ashram with significant intersections returned from EC11-062, 063, 073, and 074 that extend the zone approximately 100 metres to the southeast of EC10-047. The Zone continues to remain at or near surface, and typically ranges from 10-20% MHREO at 1.20-1.80% TREO with peak individual sample values of >20% MHREO not uncommon.
Highlights of this Middle and Heavy Rare Earth enrichment zone include EC11-062 with 43.32 metres of 13.1% MHREO, EC11-63 with 72.45 metres of 12.7% MHREO, EC11-073 with 52.02 metres of 14.9% MHREO, and EC11-074 with 4.51 metres of 15.0% MHREO and 39.94 metres of 10.4% MHREO.
A map showing the drill hole locations and detailed analytical results will be posted on the Company's website at: http://www.commerceresources.com/s/Eldor.asp
Complete results are as follows:
____________________________________________________________________________
| Strike/Dip | Drill | From | To | Interval | TREO |MHREO | Neodymium |
| (à¦) | Hole | (m) | (m) | (m) | (%) | (% of| Oxide |
| | | | | | |TREO) |(% of TREO)|
|____________|________|________|________|__________|______|______|___________|
| 230/45 |EC11-058| 2.95 | 60.10 | 57.15 | 1.83 | 6.3 | 14.7 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 14.22 | 52.50 | 38.28 | 2.10 | 5.5 | 13.8 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 2.95 | 14.22 | 11.27 | 1.31 | 10.2 | 16.2 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 0/90 |EC11-059| 0.68 | 289.29 | 288.61 | 2.03 | 5.4 | 15.6 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 34.14 | 157.55 | 123.41 | 2.47 | 4.6 | 14.3 |
|____________|________|________|________|__________|______|______|___________|
| | or| 119.76 | 157.55 | 37.79 | 2.69 | 3.8 | 13.8 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 0.68 | 32.20 | 31.52 | 1.61 | 11.2 | 18.9 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 230/45 |EC11-060| 4.57 | 61.03 | 56.46 | 2.05 | 6.6 | 15.5 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 32.00 | 61.03 | 29.03 | 2.24 | 5.5 | 15.1 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 23.79 | 32.00 | 8.21 | 1.49 | 11.4 | 17.6 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 230/75 |EC11-061| 4.03 | 166.27 | 162.24 | 1.48 | 7.0 | 18.1 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 4.03 | 72.85 | 68.82 | 1.72 | 8.0 | 17.6 |
|____________|________|________|________|__________|______|______|___________|
| | Incl.| 149.04 | 166.27 | 17.23 | 2.37 | 3.7 | 14.2 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 230/45 |EC11-062| 4.20 | 130.53 | 126.33 | 1.49 | 9.4 | 18.2 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 74.14 | 103.12 | 28.98 | 1.88 | 6.7 | 16.0 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 4.20 | 47.52 | 43.32 | 1.40 | 13.1 | 20.3 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 230/75 |EC11-063| 3.89 | 219.38 | 215.49 | 1.78 | 7.6 | 16.6 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 76.34 | 158.32 | 81.98 | 2.05 | 6.4 | 15.7 |
|____________|________|________|________|__________|______|______|___________|
| | Incl.| 201.00 | 209.75 | 8.75 | 3.03 | 2.7 | 11.8 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 3.89 | 76.34 | 72.45 | 1.41 | 12.7 | 19.0 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 0/90 |EC11-064| 2.87 | 493.92 | 491.05 | 2.04 | 5.8 | 15.9 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 357.86 | 389.00 | 31.14 | 2.66 | 4.0 | 14.1 |
|____________|________|________|________|__________|______|______|___________|
| | Incl.| 442.00 | 454.64 | 12.64 | 3.00 | 3.4 | 13.6 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 92.07 | 96.21 | 4.14 | 1.86 | 12.6 | 18.9 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 320/45 |EC11-065| 3.85 | 114.77 | 110.92 | 1.67 | 6.8 | 17.0 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 3.85 | 42.41 | 38.56 | 1.89 | 7.0 | 16.1 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 67.72 | 92.00 | 24.28 | 2.15 | 3.9 | 14.0 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 42.41 | 52.23 | 9.82 | 1.09 | 16.0 | 28.2 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 225/45 |EC11-068| 272.13 | 562.16 | 290.03 | 1.95 | 5.0 | 15.9 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 277.53 | 496.27 | 218.74 | 2.20 | 4.7 | 15.2 |
|____________|________|________|________|__________|______|______|___________|
| | or| 419.15 | 460.11 | 40.96 | 2.54 | 4.2 | 14.6 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 230/45 |EC11-073| 3.41 | 135.74 | 132.33 | 1.75 | 8.8 | 17.0 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 71.80 | 108.95 | 37.15 | 2.24 | 6.0 | 14.9 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 3.41 | 55.43 | 52.02 | 1.32 | 14.9 | 20.1 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| 230/45 |EC11-074| 4.07 | 140.19 | 136.12 | 1.79 | 7.4 | 17.0 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 7.55 | 37.89 | 30.34 | 2.06 | 7.5 | 16.1 |
|____________|________|________|________|__________|______|______|___________|
| | incl.| 78.94 | 120.65 | 41.71 | 2.23 | 5.2 | 15.0 |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 4.07 | 8.58 | 4.51 | 1.42 | 15.0 | 19.2 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | MHREO| 37.89 | 77.83 | 39.94 | 1.47 | 10.4 | 19.7 |
| | Zone| | | | | | |
|____________|________|________|________|__________|______|______|___________|
| | | | | | | | |
|____________|________|________|________|__________|______|______|___________|
Gareth Hatch: Navigating the Rare Earth Metals Landscape
Source: Brian Sylvester of The Critical Metals Report (11/22/11)
http://www.theaureport.com/pub/na/11751
Commerce Resources (TSXV:CCE) (OTCQX:CMRZF) (FSE:D7H) Provides Update on Blue River Tantalum & Niobium Deposit - Video Summary
Posted on http://www.InvestmentPitch.com
Press Release: InvestmentPitch – 17 hours ago.. .
http://finance.yahoo.com/news/Commerce-Resources-TSXV-CCE-thomsonreuters-3664697114.html?x=0&l=1
Vancouver, British Columbia, November 21, 2011 - Commerce Resources (TSXV:CCE.V - News) (FSE:D7H.F - News) (OTCQX:CMRZF.PK - News) has provided an update on its recently completed exploration and development activities for the company`s wholly owned Blue River Project.
InvestmentPitch.com has produced a "video news alert" about Commerce Resources. If this link is not enabled, please visit http://www.InvestmentPitch.com and enter "Commerce Resources" in the search box.
The Blue River project, located in east-central British Columbia, is host to the Upper Fir Tantalum and Niobium Deposit.
Tantalum is another of those relatively unknown elements found in many ways in our everyday lives, improving technology and material performance. Its many applications include uses in electronics, medicine, engineering and energy generation. Niobium is used mostly to make stainless steel and high-strength, low-alloy steels.
This deposit was discovered in 2002, and has been the principal focus of the company`s work in British Columbia since 2005.
On November 3rd, Commerce announced completion of a NI 43-101 compliant Preliminary Economic Assessment for the Upper Fir Tantalum-Niobium Deposit. This report indicates that the deposit can be developed economically as an underground mine and recommends further studies to support a pre-feasibility level assessment of the project. Although dated September 2011, this report incorporated drilling and structural data developed to the end of 2010, but was based only on assay data to the end of 2009, resulting from 183 holes comprising 37,000 metres of HG drill core.
The report is available for viewing on http://www.sedar.com.
Exploration in 2011 included 8,715 metres of HQ-diameter diamond drilling in 34 holes, largely for purposes of infilling geological and structural information within the Upper Fir Deposit. Additional field work included core logging, assaying, down-hole geophysics, specific gravity measurements and structural mapping to test the evolving structural model. This new data, when available, including results from 54 holes drilled in 2010, will be included in a second and subsequent technical report, providing a second milestone for the Blue River Project.
The Blue River Project is wholly owned by Commerce and encompasses 105,000 hectares or about 1,050 square kilometres. Power transmission lines, rail, and paved and gravel roads are all adjacent to, or within the property boundaries.
The Upper Fir deposit is one of more than 25 carbonatite occurrences on the project.
In related news, Jenna Hardy, who since 2006 has acted as Manager Environmental Regulatory and Technical Services for this project, has joined the Board of Directors.
The company has sufficient working capital to complete all of the company`s development and exploration plans for the Blue River.
In a research report issued in September by Fundamental Research, Fundamental gave the company a buy recommendation, and a target of $2.00.
The shares currently trade at $0.32, and with 148 million shares outstanding, the company is capitalized at $47 million, and is sitting on $12 million in cash and investments.
For a more information on Commerce Resources, including their Rare Earth Element resource in Quebec, which Fundamental Research considers is one of the world`s largest NI 43-101 deposits outside of China, please visit their website at http://www.commerceresources.com, phone 866-484-2700 or email info@commerceresources.com.
For a copy of the research report, please contact Fundamental Research at http://www.researchfrc.com.
InvestmentPitch.com is a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan@investmentpitch.com
Commerce Resources Corp. Announces Positive Preliminary Economic Assessment for Upper Fir Tantalum and Niobium Deposit, Blue River, B.C.
Press Release Source: Commerce Resources Corp. On Thursday November 3, 2011, 9:27 am
Highlights
• AMEC's PEA Technical Report on the Blue River Tantalum-Niobium Project dated 29-September-2011 will be filed shortly for public disclosure (www.SEDAR.com).
• Study results show a positive cash flow for a potential 7500 tonnes per day underground operation at the Upper Fir, with cash costs of $C24.91 per kilogram of tantalum metal (net of niobium metal credits) in a technical grade oxide product.
• AMEC's economic evaluation was based on the September 29, 2011 mineral resource base of 36.4 million tonnes of Indicated mineral resource containing 195 ppm (gpt) Ta2O5 and 1,700 ppm (gpt) Nb2O5 plus 6.4 million tonnes of Inferred mineral resource containing 199 ppm (gpt) Ta2O5 and 1890 ppm (gpt) Nb2O5.
• The PEA identified opportunities for optimization in the geology and mining areas with the key risks for project development lying in the sensitivity of the project to fluctuations in commodity prices and the United States dollar to Canadian dollar exchange rates.
• With the milestone of the PEA completed, AMEC has commenced work on an updated mineral resource estimate that will include the results of drilling completed to the end of 2010 and assays received as of September 29, 2011. This will be followed by a technical report that will incorporate drilling, assaying, geological mapping and other work completed on the Upper Fir to the end of Commerce's 2010 field program. A subsequent update to this technical report is also planned that will include results of the 2011 drilling and metallurgical test programs.
• Results of the PEA represent forward-looking information. The preliminary economic assessment is preliminary in nature and it includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
THE REST:
http://finance.yahoo.com/news/Commerce-Resources-Corp-prnews-250264074.html?x=0&.v=28
Commerce Resources Corp. Intersects Significant Heavy Rare Earth Element Mineralization at Ashram, Eldor Project in Quebec Hole From To Interval TREO MHREO Neodymium
COMMERCE Press Release Source: Commerce Resources Corp. On Wednesday October 19, 2011, 9:27 am EDT
http://finance.yahoo.com/news/Commerce-Resources-Corp-cnw-3510138284.html?x=0&.v=1
VANCOUVER , Oct. 19, 2011 /CNW/ - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the results for the first two drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element ("REE") Zone at the Eldor Project in northern Quebec . To date, 32 drill holes have been completed at Eldor as part of this year's ongoing exploration program.
The initial two drill holes were successful in intersecting significant Middle and Heavy Rare Earth Oxide ("MHREO") enrichment at and near surface. Results from EC11-056 include 1.76% Total Rare Earth Oxides ("TREO") over 44.56 metres with a MHREO/TREO ratio of 15.6%; including 1.28% TREO over 12.26 metres with a MHREO/TREO ratio of 27.9%. The enriched zone was within a wider zone of mineralization of 2.00% TREO over 92.28 metres with a MHREO/TREO ratio of 10.6%. Of particular importance are the high values of dysprosium, europium, terbium and yttrium as well as enrichment in neodymium (neodymium consistently exceeds 15% of the TREO) which compare favorably with other advanced rare earth deposits.
Complete results are as follows:
(m) (m) (m) (%) (% of TREO) Oxide
(% of TREO)
EC11-056 2.14 94.42 92.28 2.00 10.6 17.1
Incl. 50.27 78.08 27.81 2.31 5.8 15.0
MHREO Zone 5.71 50.27 44.56 1.76 15.6 18.6
Incl. 5.71 25.05 19.34 1.62 22.4 20.9
or 7.04 19.30 12.26 1.28 27.9 23.6
EC11-057 1.32 280.54 279.22 2.06 7.1 16.6
Incl. 261.81 280.54 18.73 2.89 3.1 12.8
MHREO Zone
77.54 116.82 39.28 1.62 12.2 17.6
* All samples were analyzed by Activation Laboratories of Ancaster, ON using its method eight -- major oxide, rare earths and trace element package by fusion ICP and ICP/MS in addition to niobium by XRF and fluorine by method 4F-F. The four most abundant REEs that make up the TREO reported above are cerium, lanthanum/neodymium and praseodymium. All holes are BTW in size. The true width of drill intersections is not confirmed.
The MHREO enrichment encountered in both EC11-056 and EC11-057 expands the zone of middle and heavy enrichment approximately 50 metres north-northwest of EC10-047. A peak value of 41% MHREO, of the total TREO, was returned from EC11-056. In addition, the grade of the enriched zone increased significantly in EC11-056 with a grade of 1.78% TREO over 44.56 metres at 15.6% MHREO, thereby demonstrating the potential of further increased grade within the MHREO enriched zone. By comparison, EC10-047 intersected 1.41% TREO over 61.19 metres at 19.7% MHREO. Furthermore, neodymium enrichment continues to be prevalent within the MHREO zone (peak of 29% of TREO in EC11-056, 37% in EC10-047) with other portions of the deposit commonly exceeding 20% neodymium as a percentage of the TREO content.
Very few carbonatites are host to REE deposits that are significantly enriched in the middle and heavy REEs such as at Eldor. This unique zone of mineralization is dominated by large, fluorine rich ferrocarbonatite dykes of near massive texture and dark, olive-green to brown colour. They appear concentrated at or near surface within A-Zone type material.
The main area of MHREO enrichment is more extensive than previously thought and may exist at higher grades near to or exceeding the deposit average (1.74% TREO) as defined from the recent 43-101 resource estimate (SGS Canada Inc. - Geostat, April 2011). The zone is central to the northwest part of the deposit, is present at or near surface (<100 m) and is underlain and adjacent to some of the higher grade (2+% TREO) material within the deposit. In addition, signficant 2+% TREO interections continue to be prevalent throughout the deposit with drill hole EC11-057 returning 2.06% over 279.22 metres thereby highlighting the continuity and vast extent of mineralization within the deposit
David Hodge , President of Commerce stated, "We are very pleased with the initial results from the summer program at the Eldor Project. We had indications from hole 47 drilled last year that there may be a significant near-surface middle and heavy rare earth component to the Ashram Deposit and these two holes confirm the zone and expand it."
Drill holes EC11-056 (230 azimuth, 45 dip) and EC11-057 (vertical) were collared in mineralization and drilled from the same pad. They targeted the western contact of the deposit. A map showing the location of the drill holes, along with an Excel spreadsheet with detailed analytical results, will be posted on the Company's website at: http://www.commerceresources.com/s/Eldor.asp
Further Results to Come
The summer/fall drilling program has been expanded beyond the minimum 7,500 metres. As of October 17, 2011 a total of 9,338 metres over 32 holes have been completed including 25 holes (8,230 metres) at the Ashram Zone and a further 7 holes (1,108 metres) at regional targets. Analytical results from the remaining holes will be reported in batches as they are received. Surface exploration, as well as metallurgical, mineralogical and environmental studies are ongoing.
The Eldor Property is located in northern Quebec approximately 130 kilometres south of the town of Kuujjuaq and 100 kilometres north of Adriana Resources Inc.'s Lac Otelnuk Iron Deposit. The property is 100%-owned by Commerce and encompasses 404 claims totalling approximately 19,006 hectares. The Company is well financed and has sufficient working capital available to complete all of its development and exploration plans. The Company currently has approximately $12 million in cash and investments.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
Middle and Heavy Rare Earth Oxides ("MHREO") is defined as the sum of the middle rare earth oxides (Sm2O3, Eu2O3, Gd2O3) and the heavy rare earth oxides (Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3) plus Y2O3 expressed as a percentage out of the TREO content.
Total Rare Earth Oxides ("TREO") include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3 and Y2O3.
About Commerce Resources Corp.
Commerce Resources Corp. is focused on building shareholder value through the discovery and development of Canadian rare metal and rare earth element deposits. Commerce's principal assets are its Blue River Tantalum-Niobium Project in British Columbia and its Eldor Rare Earth Project in Quebec .
At Blue River, Commerce is advancing its Upper Fir Tantalum and Niobium Deposit through development with a Preliminary Economic Assessment in the advanced stages of completion. At the Eldor Project, Commerce's 2010 exploration program led to the discovery of a significant new rare earth deposit known as Ashram. Commerce reported an initial NI 43-101 Inferred Resource Estimate for Ashram and is continuing exploration and drilling in combination with metallurgical, mineralogical and environmental work. The data from these studies will be used to undertake a resource update and Preliminary Economic Assessment for the deposit.
Commerce Resources Corp. trades on the TSX Venture Exchange under the symbol "CCE", the Frankfurt Stock Exchange under the symbol "D7H" and the U.S. OTCQX under the symbol "CMRZF."
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604.484.2700
TF: 866.484.2700
Email: dhodge@commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include that analytical results from the remaining holes from the summer/fall drill program at Eldor will be reported in batches as they are received..
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for rare earth elements may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission
Rare Earth Elements—The Key to Technological Innovation
A growth asset, grossly undervalued, and an opportunity for investors with foresight
Guest Expert 10/12/2011
James J Puplava CFP with Mark A. Smith
Mark Smith, President and CEO of Molycorp Inc., joins Jim Puplava on in a wide-ranging macro discussion of the Rare Earth Element sector and the prospects of Molycorp.
Mark A. Smith serves as President, Chief Executive Officer and is a member of the Board of Directors and a shareholder of Molycorp. Prior to Molycorp, Mr. Smith was the president and Chief Executive Officer of Chevron Mining Inc. a wholly-owned subsidiary of Chevron Corporation. Mr. Smith was appointed President and Chief Executive Officer in April 2006. Chevron Mining Inc. operated five mines, one of which was the Mountain Pass, CA Rare Earth mine.
INTERVIEW FOLLOWS@
http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/10/12/mark-a-smith/rare-earth-minerals-the-key-to-technological-innovation
Commerce Resources Corp. and Canadian International Minerals Inc. Amend Option Agreement for Carbo Rare Earth Property
Press Release Source: Commerce Resources Corp. On Friday September 23, 2011, 3:15 pm EDT
http://finance.yahoo.com/news/Commerce-Resources-Corp-cnw-1565357473.html?x=0&.v=1
VANCOUVER , Sept. 23, 2011 /CNW/ - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") and Canadian International Minerals Inc. (TSXv: CIN.V - News) ("Canadian International") are pleased to jointly announce that they have entered into an amending agreement with respect to the Carbo Property Option Agreement (see Commerce news release dated February 10 , 2009).
Under the amendment, Canadian International will immediately acquire a 100% interest in the Carbo Property by issuing an additional 8,000,000 common shares to Commerce. Commerce will retain its 2% NSR royalty on the property with no buyback right. Canadian International will also void any amounts due from Commerce for prior exploration under the original option agreement. The transaction is subject to acceptance by the TSX Venture Exchange.
Concurrently, Commerce shall subscribe for $300,000 worth of Units (the "Units") into Canadian International's recently announced private placement. Each Unit will consist of one common share and one-half of one transferable share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle Commerce to purchase one additional share of Canadian International for a period of 24 months from the closing date at a price of $0.25 per share in the first year and $0.30 per share in the second year. Commerce will also have the right of first refusal to participate in any future Canadian International financings up to 19.9% of the aggregate value of the respective offerings.
The Carbo Property comprises seven claims totaling 2,778 hectares and is accessible by all-weather gravel roads. The project is located 80 kilometres northeast of Prince George , B.C. within the Wicheeda-Carbo carbonatite camp and is directly contiguous with Spectrum Mining Corporation's Wicheeda Rare Earth Discovery. Commerce acquired the four main claims that make up the property by staking in 2005.
About Commerce Resources Corp.
Commerce Resources Corp. is focused on building shareholder value through the discovery and development of Canadian rare metal and rare earth element deposits. Commerce's principal assets are its Blue River Tantalum-Niobium Project in British Columbia and its Eldor Rare Earth Project in Quebec .
At Blue River, Commerce is advancing its Upper Fir Tantalum and Niobium Deposit through development with a Preliminary Economic Assessment in the advanced stages of completion. At the Eldor Project, Commerce's 2010 exploration program led to the discovery of a significant new rare earth deposit known as Ashram. Commerce reported an initial NI 43-101 Inferred Resource Estimate for Ashram and is continuing exploration and drilling in combination with metallurgical, mineralogical and environmental work. The data from these studies will be used to undertake a resource update and Preliminary Economic Assessment for the deposit. The Ashram Deposit is a large tonnage rare earth discovery and is ranked as one of the largest rare earth deposits outside of China .
Commerce Resources Corp. trades on the TSX Venture Exchange under the symbol "CCE", the Frankfurt Stock Exchange under the symbol "D7H" and the U.S. OTCQX under the symbol "CMRZF."
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604.484.2700
TF: 866.484.2700
Email: dhodge@commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that Canadian International will immediately acquire a 100% interest in the Carbo Property by issuing an additional 8,000,000 common shares to Commerce, that Commerce will retain its 2% NSR royalty on the property with no buyback right, that Canadian International will void any amounts due from Commerce for prior exploration under the original option agreement, that Commerce shall subscribe for $300,000 worth of Units into Canadian International's recently announced private placement, and that Commerce will have the right of first refusal to participate in any future Canadian International financings up to 19.9% of the aggregate value of the respective offering.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for rare earth elements may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
Commerce Resources Corp. Updates Rare Earth Element Exploration at Eldor Project, Quebec
Press Release Source: Commerce Resources Corp. On Thursday August 25, 2011, 9:00 am EDT
http://finance.yahoo.com/news/Commerce-Resources-Corp-cnw-2212540501.html?x=0&.v=1
VANCOUVER, Aug. 25, 2011 /CNW/ - Commerce Resources Corp. (TSXV:CCE.V), (FSE: D7H), (Other OTC:CMRZF.PK) (the "Company" or "Commerce") is pleased to provide an update on the summer exploration activities at the Company's Eldor Project in northern Quebec.
Commerce's 2011 summer drilling program is well underway with two drill rigs currently operating on site. The Company plans to complete a minimum of 7,500 metres of drilling as part of the program. The objective of the program is threefold: (i) to upgrade a portion of the current resource at the Ashram Zone from the "inferred" to the "indicated" category; (ii) to continue to expand the size of the Ashram Zone and to test for areas of higher grades and middle and heavy rare earth element ("REE") enrichment; and (iii) to test additional REE targets within the Eldor Carbonatite Complex.
The bulk of the drilling (~6,000 metres) will be conducted at Ashram. The remaining drilling will test additional exploration targets along the ring structure of the Eldor Carbonatite Complex. The drill core will be sent in batches to Activation Laboratories in Ancaster, Ontario for assaying. Results are expected continuously throughout the fall.
Commerce is also working with Hazen Research Inc. of Golden, Colorado to complete preliminary metallurgical studies for Ashram. Additionally, the Company has retained Roger Mitchell of Lakehead University, Ontario to complete advanced mineralogical studies and Environnement Illimite Inc. of Montreal, Quebec to complete a baseline environmental study. The data from these studies and the summer drilling program will be used to undertake a resource update and Preliminary Economic Assessment for Ashram which will be completed by SGS Canada Inc. - Geostat.
"Over the past twelve months we have had many significant achievements and milestones at Eldor including the discovery of the Ashram Zone, an initial resource estimate and a successful winter drill program which expanded the deposit significantly," said Dave Hodge, Commerce's President. "Now we are rapidly moving through the next stage of development, with additional drilling, as well as metallurgical, mineralogical and environmental studies which will lay the foundation for a resource update and Preliminary Economic Assessment."
The Ashram Zone is a large tonnage rare earth discovery and is ranked as one of the largest REE deposits outside of China. In early 2011, Commerce reported an initial NI 43-101 resource estimate for Ashram of 117.34 million tonnes averaging 1.74% TREO in the Inferred Category using a base case cutoff of 1.25% TREO (SGS Canada Inc. - Geostat, April 2011). The resource estimate was based on twelve holes totalling 3,313 metres drilled in 2010. Following the resource calculation, Commerce completed a follow-up winter drill program consisting of seven holes totalling 3,367 metres. The program significantly expanded the footprint and depth extent of the Ashram Zone beyond that of the current Inferred Resource. Mineralization at Ashram has now been confirmed over an approximate area of 600 metres east-west, by 650 metres north-south, to depths of greater than 600 metres. The deposit remains open to the north, east, south, at depth, and is not fully constrained to the west. Altogether since its discovery in 2010, a total of 6,680 metres of drilling has been completed at Ashram. The 7,500 metre summer drilling program at Eldor will be the most extensive program completed to date.
The Eldor Property is located in northern Quebec approximately 130 kilometres south of the town of Kuujjuaq and 100 kilometres north of Adriana Resources Inc.'s Lac Otelnuk Iron Deposit. The property is 100%-owned by Commerce and encompasses 404 claims totalling approximately 19,006 hectares. The Company is well financed and has sufficient working capital available to complete all of its development and exploration plans. The Company currently has approximately $12 million in cash and investments.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., 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. is focused on building shareholder value through the discovery and development of rare metal and rare earth element deposits with a 100% focus on Canadian assets. Commerce's principal assets are its Blue River Tantalum-Niobium Project in British Columbia and its Eldor Rare Earth Project in Quebec.
At Blue River, Commerce is advancing its Upper Fir Tantalum and Niobium Deposit through development with a Preliminary Economic Assessment in the advanced stages of completion. At the Eldor Project, Commerce's 2010 exploration program led to the discovery of a significant new rare earth deposit known as Ashram. Commerce reported an initial NI 43-101 Inferred Resource Estimate for Ashram and is continuing exploration and drilling in combination with metallurgical, mineralogical and environmental work. The data from these studies will be used to undertake a resource update and Preliminary Economic Assessment for the deposit. The Ashram Deposit is a large tonnage rare earth discovery and is ranked as one of the largest rare earth deposits outside of China.
Commerce Resources Corp. trades on the TSX Venture Exchange under the symbol "CCE", the Frankfurt Stock Exchange under the symbol "D7H" and the U.S. OTCQX under the symbol "CMRZF."
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge President and Director
Tel: 604.484.2700
TF: 866.484.2700
Email: dhodge@commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the company will complete a minimum of 7,500 metres of drilling at the Eldor Project as part of the summer program, that the bulk of the drilling will be conducted at the Ashram Zone, that the remaining drilling will test additional exploration targets along the ring structure of the Eldor Carbonatite Complex, and that data from the metallurgical, mineralogical, and environmental studies and the summer drilling program will be used to undertake a resource update and Preliminary Economic Assessment for Ashram.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for rare earth elements may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
Commerce Resources Corp. Confirms Middle and Heavy Rare Earth Enrichment at Ashram Rare Earth Deposit, Eldor Property, Quebec
5 hours 51 minutes ago - PR Newswire via Comtex
PR NewswireCommerce Resources Corp. (TSXV: CCE), (FSE: D7H), (OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the assay results for the final four holes completed as part of the winter drill program at the Company's 100%-owned Eldor Property in northern Quebec.
A highlight of these new results is EC11-053 which intersected 2.06% Total Rare Earth Oxides ("TREO") over 344.49 metres from 39.56 metres. The hole was drilled midway between EC10-047 and EC11-048 and targeted the near surface zone of middle and heavy rare earth oxide ("MHREO") enrichment previously encountered in hole EC10-047. The hole was successful in encountering this zone of enrichment with 12.4% MHREO as well as 21.1% Nd2O3 over 32.75 metres at 1.37% TREO starting near surface (6.81 to 39.56 metres). Highly anomalous MHREO enriched intersections continued down hole including one sample with 25.9% MHREO at 2.60% TREO. EC11-053 bottomed in mineralization, with the final sample returning 2.66% TREO.
A further highlight was EC11-054 which intersected 1.99% TREO over 243.54 metres (305.10 to 548.64 metres). EC11-054 is the northernmost hole drilled to date at Ashram and was located approximately 150 metres north of hole EC11-051. The hole extended the mineralization at Ashram by over 275 metres to the northeast of the area used in the previous resource estimate and confirmed the presence of significantly higher grades within the deposit to the north and at depth. Grades increased significantly at depth with the final 37.18 metres returning 2.83% TREO including 3.0% TREO over 22.27 metres with the final sample assaying 5.36% TREO. The hole ended in mineralization at 548.64 metres.
The winter drill program consisted of eight holes (seven at Ashram) totalling 3,656 metres. Based on the winter program, the rare earth element mineralization at Ashram has been significantly expanded and has now been confirmed over an approximate area of 600 metres east-west, by 650 metres north-south, to depths of greater than 600 metres. The winter program has roughly doubled the size of footprint and depth extent of the deposit beyond that of the current NI 43-101 resource. Average grades have increased as drilling has progressed northward. The deposit remains open to the north, east, south, at depth, and is not fully constrained to the west.
The highlights from holes EC11-052 through EC11-055 are summarized in the table below:
General Location Hole From (m) To (m) Interval (m) TREO (%) Neodymium Oxide
(% of TREO)
Ashram EC11-052 6.85 243.84 236.99 1.67 17.6
Incl. 126.00 243.84 117.84 1.99 17.2
Incl. 202.89 227.91 25.02 2.25 15.1
Ashram EC11-053 39.56 384.05 344.49 2.06 17.1
Incl. 133.24 172.00 38.76 2.35 16.1
Incl. 250.92 273.54 22.62 2.44 16.4
Incl. 367.46 372.36 4.90 2.95 15.5
Ashram EC11-054 9.93 305.10 295.17 0.73 21.6
305.10 548.64 243.54 1.99 16.4
Incl. 468.95 474.62 5.67 2.97 14.0
Incl. 511.46 548.64 37.18 2.83 13.2
Or 526.37 548.64 22.27 3.00 13.1
Triple D EC11-055 113.97 123.97 10.00 1.38 8.9
Incl. 117.91 121.52 3.61 1.83 8.5
Commerce Resources Corp. Drills 2.10% TREO over 586.92 metres including 3.00% TREO over 36.99 metres at the Eldor Property, Quebec
16 hours 24 minutes ago - PR Newswire via Comtex
PR NewswireCommerce Resources Corp. (TSXV: CCE), (FSE: D7H), (OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to report the assay results for the first four of seven drill holes completed during the 2011 winter drilling program at the Ashram Rare Earth Element ("REE") Zone at the Company's Eldor Project in northern Quebec.
The thickness and north-south extent of the REE mineralization at the Ashram Zone has been significantly expanded by this set of drill holes. The highlight is EC11-048 which intersected REE mineralized carbonatite over its entire length returning 2.10% Total Rare Earth Oxides ("TREO") over 586.92 metres including 36.99 metres of 3.00% TREO. EC11-048 is the best hole reported to date in terms of grade and thickness with seven sample intervals returning greater than 4% TREO to a peak value of 9.88% TREO. The hole ended in mineralization as the depth limitations of the drill were reached.
Further results from holes EC11-048, 49, 50 and 51 are included in the table below:
Hole From (m) To(m) Interval (m) TREO (%) Nd2O3 (%) /
TREO (%)
EC11-048 6.83 593.75 586.92 2.10 17.0
Incl. 491.37 499.22 7.85 3.00 13.2
Incl. 523.67 560.66 36.99 3.00 14.4
EC11-049 7.06 323.09 316.03 1.06 20.2
Incl. 243.00 323.09 80.09 1.85 17.3
Incl. 308.00 323.09 15.09 2.01 15.5
EC11-050 12.00 600.46 588.46 1.42 19.7
Incl. 165.54 234.82 69.28 2.04 16.2
Incl. 439.31 478.35 39.04 2.01 17.8
Incl. 590.72 600.46 9.74 2.80 18.0
EC11-051 9.14 563.60 554.46 1.86 18.0
Incl. 25.00 479.63 454.63 2.00 17.1
or 389.00 479.63 90.63 2.37 16.7
or 425.25 432.50 7.25 3.00 14.4
Commerce Resources Corp. Nears Completion of Winter Drill Program at Ashram Rare Earth Deposit, Eldor Property Quebec
May 02, 2011
http://www.commerceresources.com/s/NewsReleases.asp?ReportID=454620&_Type=News-Releases&_Title=Commerce-Resources-Corp.-Nears-Completion-of-Winter-Drill-Program-at-Ashram...
--------------------------------------------------------------------------------
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") reports that it is nearing completion of its winter drilling program at the Ashram Rare Earth Element ("REE") Deposit at the Eldor Property in northern Quebec.
As of April 28, approximately 3,367 metres of drilling over seven holes had been completed (holes EC11-048 through EC11-054). The drilling was designed to expand the deposit by testing the northeastern half of the Ashram Zone as well as expanding its depth extent with deeper drilling. Drilling also aimed to continue to define areas where significant near-surface enrichment in the valuable, middle and heavy REEs were encountered in 2010.
All drill holes were vertically collared over Centre Pond and were drilled to depths between 320 and 600 metres. In 2010, the Ashram Deposit was tested to depths of up to 365 metres, with the majority of the holes bottoming in mineralization.
To date, all drill holes completed have intersected encouraging rock types similar to previous holes. Portable XRF readings, along with rock types and other indicators, support the presence of strong REE mineralization. Samples have been submitted to Activation Laboratories of Ancaster Ontario for analysis with initial results expected around mid May. A map showing the location of the drill holes will be posted shortly on the Company's website at: http://www.commerceresources.com/s/Eldor.asp
The winter drilling program is expected to conclude this week with one to two more holes planned. A pause in drilling of four to six weeks will follow to allow for break-up with spring/summer exploration and drilling expected to resume as early as late June.
The Eldor Property covers a carbonatite complex located within the central Labrador Trough in northern Quebec; approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by Commerce and encompasses 404 claims totalling approximately 19,006 hectares.
Commerce recently reported an initial NI 43-101 compliant resource estimate for the Ashram Deposit of 117.34 million tonnes averaging 1.74% Total Rare Earth Oxide ("TREO") in the Inferred Category using a base case cutoff of 1.25% TREO (Laferrière, April 2011). The resource estimate was based on twelve holes totalling 3,313 metres drilled in 2010.
Mineralization begins near surface and has been outlined over an area measuring approximately 650 metres east-west by 350 metres north-south. The deposit is one of the largest REE deposits with NI 43-101 resources outside of China and remains open for expansion to the north, south, east, at depth, and is not fully constrained to the west. The target is coincident with a magnetic low approximately 1 kilometre by 0.8 kilometres in size.
Drilling has also outlined the potential for near-surface enrichment in the valuable, middle and heavy REEs within the Ashram Deposit. The enrichment is rare for a carbonatite-hosted orebody and its definition is an important priority for future and ongoing drilling.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., is the Qualified Person, as that term is defined in National Instrument 43-101, who has reviewed and approved the technical information in this press release.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604 484 2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com
Commerce Resources Corp. Files NI 43-101 Technical Report for Initial Resource Estimate for Ashram Rare Earth Deposit, Eldor Property Quebec
Press Release Source: Commerce Resources Corp. On Monday April 18, 2011, 7:24 pm EDT
http://finance.yahoo.com/news/Commerce-Resources-Corp-Files-cnw-1214870551.html?x=0&.v=1
Think of what rare earth metals in the ground as being the potential over time and not something that is immediately available. This applies to all natural resources of all companies.
Since China will soon be restricting the export of rare earth metals, these restrictions will have to be replaced by the western nations.
Molycorp will remain a mainstay stock in the rare earth metal sector, in my opinion.
Commerce Resources will eventually become a successful producer, again, in my opinion.
Juniors in any sector are often targets to be acquired by majors. Although Commerce management has the vision to become a producer, it is not out of the realm of possibility that someday they might be acquired.
sumi
Over 100 Billion $ worth of Rare Earth Metals. This is value of over 770$ per share (based on 130 Mio shares)
You think they will put MCP out of business?
Commerce Resources' Ashram Rare Earth Element Deposit Confirmed as a Large Inferred Resource, Eldor Project, Quebec
Press Release Source: Commerce Resources Corp. On Thursday March 3, 2011, 11:34 am EST
Inferred Mineral Resource: 117.34 Million Tonnes averaging 1.74% TREO
VANCOUVER, March 3 /CNW/ - Commerce Resources Corp. (TSXV:CCE.V), (FSE: D7H), (Other OTC:CMRZF.PK) (the "Company" or "Commerce") is pleased to announce the first National Instrument 43-101 compliant mineral resource estimate for the Ashram Rare Earth Element ("REE") Zone at the Eldor Project in Quebec. The Eldor Project is located in northeastern Quebec approximately 130 kilometres south of the community of Kuujjuaq. The resource estimate was prepared by SGS Canada Inc. - Geostat ("SGS Geostat") of Montreal, Quebec, who have recommended an aggressive exploration and development program to rapidly advance the project.
Mineral resources were estimated by SGS Geostat applying four different Total Rare Earth Oxide ("TREO") cut-off grades, with a base-case resource estimated using a TREO cut-off grade of 1.25%. At this cut-off, the Ashram Zone hosts an Inferred Resource of 117,340,000 tonnes grading 1.74% TREO. The mineral resource estimate for TREO cut-offs of 1.00%, 1.25% (base case), 1.50% and 1.75% are outlined in the table below.
http://finance.yahoo.com/news/Commerce-Resources-Ashram-cnw-670360067.html?x=0&.v=1
Commerce Resources Corp. Resumes Work at Ashram Rare Earth Zone, Eldor Property, Quebec
Press Release Source: Commerce Resources Corp. On Tuesday March 1, 2011, 9:56 am EST
VANCOUVER, March 1 /CNW/ - Commerce Resources Corp. (CDNX:CCE.V) (FSE: D7H) (Other OTC:CMRZF.PK) (the "Company" or "Commerce") is pleased to announce that it has begun mobilizing field crews in advance of the 2011 winter/spring drill program at the Ashram Rare Earth Element ("REE") Zone located at the Eldor Property in northeastern Quebec.
The drill program will include a minimum of six, vertical, core holes totalling 3,000 metres with a drill rig capable of attaining depths in excess of 600 metres. Drill holes will be completed from ice over the Centre Pond on an approximately 200-metre spaced grid. A map showing the locations of the proposed drill holes will be posted on the Company's website at: http://www.commerceresources.com/s/Eldor.asp
To date, REE mineralization at the Ashram Zone has been defined by twelve holes over an area measuring in excess of 650 metres east-west, by 350 metres north-south, to depths of 365 metres with the majority of holes bottoming in mineralization. Mineralization at the Ashram Zone remains open to the north, south, east, at depth, and is not fully constrained to the west. The zone is located near the centre of the Eldor Carbonatite Complex and is coincident with a magnetic low which measures approximately 1 kilometre by 0.8 kilometres in size.
Based on the results of the first twelve holes, SGS Geostat Ltd. of Montreal, Quebec is in the process of completing an initial NI 43-101 compliant resource estimate for the Ashram Zone; with an anticipated completion date of early March.
Drilling is scheduled to begin March 2nd and, in the event that favourable drill conditions persist beyond the completion of the first six drill holes, will continue as long as weather permits.
The Eldor Property encompasses 19,006 hectares and, in addition to the Ashram REE Zone, is host to several other niobium, tantalum, phosphate and REE targets. Altogether in 2010, 21 drill holes totalling 5,389.98 metres were completed across the property as well as regional prospecting, trenching and soil sampling.
2010 Niobium, Tantalum, Phosphate and REE Exploration Drilling Results
The bulk of the 2010 drilling was completed at the Ashram Zone (12 holes totalling 3,312.67 metres) with nine other holes targeting separate niobium, tantalum and phosphate targets, as well as, a unique zone of REE mineralization.
The Company has now received all of the analytical results for the 2010 holes drilled outside of the Ashram Zone at three separate target areas, as follows:
http://finance.yahoo.com/news/Commerce-Resources-Corp-cnw-564552602.html?x=0&.v=1
Commerce Resources Corp. Files NI 43-101 Technical Report for Upper Fir Tantalum & Niobium Deposit Resource Update
Press Release Source: Commerce Resources Corp. On Friday February 4, 2011, 1:52 pm EST
http://finance.yahoo.com/news/Commerce-Resources-Corp-Files-cnw-70770498.html?x=0&.v=1
VANCOUVER, Feb. 4 /CNW/ - Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX: CMRZF) (the "Company") announces that, further to its news release of February 2, 2011, it has filed its National Instrument 43-101 Technical Report entitled "Blue River Ta-Nb Project, Blue River, British Columbia" dated January 31, 2011, on SEDAR at http://www.sedar.com The report has also been posted on the Company's website at http://www.commerceresources.com
As part of the ongoing Preliminary Economic Assessment ("PEA"), AMEC Americas Limited ("AMEC") completed an independent Qualified Person's review of the Blue River Project and prepared an updated mineral resource estimate for the Upper Fir Tantalum and Niobium Deposit. The Technical Report was prepared for the Company by Albert Chong, P. Geo. and Tomasz Postolski, P. Eng, of AMEC. The resource model provides the foundation for the PEA, which is ongoing under the direction of AMEC and which, once completed, will provide the basis for a separate news release.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on tantalum, niobium and rare metal deposits with 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 and is also exploring its Eldor Rare Earth Project in northern Quebec and the Carbo Rare Earth Project in northern British Columbia.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604 484 2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release may contain forward-looking information and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking information is based on the opinions and estimates of management and its consultants at the date the information is given. It is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Information is based on reasonable assumptions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
Commerce Resources Corp.'s Upper Fir Tantalum and Niobium Deposit Confirmed as a Large Indicated Resource, Blue River, B.C.
Press Release Source: Commerce Resources Corp. On Wednesday February 2, 2011, 3:01 pm EST
http://finance.yahoo.com/news/Commerce-Resources-Corp-Upper-cnw-2426876779.html?x=0&.v=1
Commerce Resources Corp. Intersects 2.30% TREO over 172.89 m at the Eldor Property, Quebec and up to 45% Heavies
Press Release Source: Commerce Resources Corp. On Thursday January 27, 2011, 4:27 pm EST
http://finance.yahoo.com/news/Commerce-Resources-Corp-cnw-1678947850.html?x=0&.v=1
China cuts rare earth export quotas, U.S. concerned
A worker shovels cast-off tailings out of a channel underneath a pipeline that transports crushed mineral ore containing rare earths to a disposal dam near Xinguang Village, located on the outskirts of the city of Baotou in China's Inner Mongolia Autonomous Region in this October 31, 2010 picture.
Credit: Reuters/David Gray
BEIJING | Tue Dec 28, 2010 6:07pm EST
http://www.reuters.com/article/idUSTRE6BR0KX20101228?feedType=RSS&feedName=GCA-GreenBusiness&rpc=43
BEIJING (Reuters) - China said on Tuesday it will cut its export quotas for rare earth minerals by more than 11 percent in the first half of 2011, further shrinking supplies of metals needed to make a range of high-tech products.
China produces about 97 percent of rare earth minerals, used worldwide in high-technology, clean energy and other products that exploit their special properties for magnetism, luminescence and strength.
The rare earth issue could further strain U.S.-China ties, which have been battered this year by arguments over human rights, Tibet, Taiwan, the value of the Chinese currency and North Korean military attacks on South Korea.
Chinese President Hu Jintao is due to visit the United States next month for talks with President Barack Obama that both sides hope can stabilize the vital relationship.
Beijing says its curbs are for environmental reasons and to guarantee supplies to Chinese clean energy firms it is trying to promote internationally. But it has also said its dominance as a producer should give it more control over global prices.
China's Commerce Ministry allotted 14,446 tons of quotas to 31 companies, which was 11.4 percent less than the 16,304 tons it allocated to 22 companies in the first half of 2010 quotas a year ago.
China slashed the export quota by 40 percent in 2010. The export restraints on rare earths has inflamed trade ties with the United States, European Union and Japan in particular.
In Washington, the U.S. Trade Representative's office expressed concern over the latest announcement.
"We are very concerned about China's export restraints on rare earth materials. We have raised our concerns with China and we are continuing to work closely on the issue with stakeholders," a USTR spokeswoman said.
Last week, the trade representative's office said China had refused U.S. requests to end export restraints on rare earths, and the United States could complain to the World Trade Organization, which judges international trade disputes.
TURBINES AND HYBRIDS
Wind turbines and hybrid cars are among the biggest users of rare earth minerals, which analysts say are facing a global supply crunch as demand swells. The minerals are also used in some weapons systems.
This little-known class of 17 related elements is also used for a vast array of electronic devices ranging from Apple's iPhone to flat-screen TVs, all of which are competing for the 120,000 tons of annual global supply.
While industrial users of rare earths in industrialized countries face tighter supplies and higher prices, China's export curbs have created opportunities to open mines or revive dormant production in Canada, Australia and the United States.
After China's announcement, shares of Molycorp Inc, the Colorado-based company that owns a rare earth mine in California, rose as much as 11.6 percent.
But the headline-driven surge in a firm whose value has tripled since July proved only temporary, in part reflecting the fact that Molycorp's rare-earth mine in Mountain Pass, California, is due to come back online only late next year.
Canada alone has at least 26 publicly traded companies, including Great Western Minerals Group and Rare Element Resources, that have rare earth projects in some stage of exploration.
Jack Lifton of Technology Metals Research, a Chicago-based consultancy, said Molycorp and Australia's Lynas Corporation Ltd can eventually offset shortfalls from Chinese cuts in supply and refining capacity -- but not before early 2013.
"Until one of them can produce commercial quantities of high-purity rare earths on a regular basis, the market will belong to the Chinese entirely," he said.
In a short statement on its website (www.mofcom.gov.cn), the Chinese Commerce Ministry said it had added more producer companies to the quota list but cut volumes allocated to trading companies.
CLEAN UP, CONSOLIDATION IN CHINA
Japan has been hard hit by the export curbs. Japanese imports of rare earths shrank further in November, reflecting the impact from China's de-facto ban on shipments of the minerals that was lifted late last month.
The European Union has also expressed concern over China's limiting of rare earth exports, though the bloc's trade commissioner said earlier this month China had reiterated that rare earth supplies would be sustained.
With more than 100 mines and some 40 refineries, "the Chinese seem to be quite serious about cleaning up the sector environmentally and consolidating it," said Lifton.
Beijing has been trying hard to impose discipline on its chaotic rare earth sector and is expected to establish a rare earth industry association by next May, said Wang Caifeng, an official with the Ministry of Industry and Information Technology, speaking at a conference on Tuesday.
Tougher environmental regulations for the rare earth sector are also expected to be unveiled next year, the China Business News reported on Tuesday.
(Reporting by Niu Shuping, David Stanway and Michael Martina in Beijing; and Roberta Rampton and Paul Eckert in Washington; Editing by Vicki Allen, Will Dunham and Todd Eastham)
Followers
|
13
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
409
|
Created
|
01/25/07
|
Type
|
Free
|
Moderators |
Commerce Resources Background
Commerce Resources Corporation
1450-789 West Pender Street
Vancouver, BC V6C 1H2
U.S. Toll-Free # 1-866-484-2700
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
COMPANY WEB PAGE
http://www.commerceresources.com/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FACTS ABOUT COMMERCE RESOURCES AND TANTALUM
Commerce Resources has an increasingly important 100% owned tantalum-niobium property at Blue River in British Columbia Canada.
The United States does not have a tantalum mining industry because U.S. resources are of low grade, and the United States must import all of its tantalum source materials for processing.
Tantalum has been classified as a "strategic metal" by the United States Government.
It is worth currently about $200 Canadian per pound. (About $170 U.S.)
Commerce, through drilling and extensive analysis, has defined a resource of more than 8 million pounds of Ta2 05. This resource value
was developed using official 43-101 standards mandated by the Canadian Government for their resource mining companies.
Most of the World's tantalum goes into making capacitors for electronics... (for example, in cell phones).
The use of tantalum is preferred over other metals due to its reliable long life, low energy use, resistance to temperature fluctuations and high capacitance.
Tantalum is VITAL! It cannot be substituted by other metals for high function cell phones such as picture, video, colorscreen phones and Blackberry devices (small handheld e-mailers).
Given the growing usage and dependence of people on cell phones and computers,
it is no wonder that TANTALUM is being called
"THE HIGH TECH METAL" and also called "THE METAL OF THE FUTURE."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
COMMERCE RESOURCES INC.FILINGS & PUBLIC DOCUMENTS with SEDAR
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00016212
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
COMPANY DETAILS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR COMMERCE NEWS RELEASES
http://finance.yahoo.com/q?s=cce.v
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
INFORMATION LINKS FOR TANTALUM AND NIOBIUM
http://minerals.usgs.gov/minerals/pubs/commodity/niobium/
TANTALUM-NIOBIUM INTERNATIONAL STUDY CENTER
http://www.tanb.org/index.html
Element Tantalum - TA
http://environmentalchemistry.com/yogi/periodic/Ta.html
Table of contents for tantalum
http://www.webelements.com/webelements/scholar/elements/tantalum/index.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
OTHER DUE DILIGENCE
Commerce Resources Corporation and Tantalum by Ed Hone, Mar 2, 2007
http://www.321gold.com/editorials/hone/hone030207.html
EMPOWERING HIGH TECH MATERIALS - H.C. Starck
http://www.youtube.com/watch?v=V7u102FJdoM
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
COMMENTS FROM SHAREHOLDERS
Sumisu 2/07/2007
"Fortuitously Commerce Resources enjoys these power and transportation advantages.
I just wish I had more funds to increase my position at the current price."
EnergyGuy62 2/06/2007
"Suppose it turns out, that the Blue River is one huge massive all-joined-together-everywhere deposit?
....if you look at a map of the Blue River Property, the Fir deposit, the Verity deposit and the Upper Fir deposit stretch across the northern part of the property.
And the Bone Creek deposit is in the south central part."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CHARTS
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |