Corporate Profile

Blue River Tantalum / Niobium Project, Canada

The Blue River Tantalum/Niobium Project centers around the exploration and development of two highly prospective tantalum and niobium deposits that sit at the heart of an expansive, 100% owned, 49-square-kilometer land package in central British Columbia. The Verity and Fir Deposits are believed to host significant enough quantities of these rare metals to warrant a near-term pre-feasibility study.

What is Tantalum?

Though many investors have never heard of tantalum before, it is more than likely that they unwittingly depend on tantalum for many every-day activities. During the last 30 years, the demand for tantalum has skyrocketed with the evolution of miniaturized electronics. Due to its unique electrical properties, tantalum is used primarily in the production of tiny capacitors which power cellular telephones, pagers, personal computers, video cameras, video game recorders and automotive electronics. Hence, its price has appreciated over 2,000% in value since the 1950s -- eclipsing all other metals, including gold and platinum.

Tantalum and niobium are not traded in an auction-style commodities market. Instead, prices are negotiated on a per-contract basis between suppliers and processors or end users. For a growing number of industrial/manufacturing companies that particularly rely upon tantalum, buying this ‘rare earth’ metal typically involves signing long-term supply contracts at fixed prices. Again, Commerce’s ability to honour such long-term contracts (in the eventuality of a mine becoming a reality) would make the company appealing to processors or end users. In turn, this would surely also make Commerce an attractive takeover candidate.

 

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Production

Fir Deposit

The Fir Deposit is not only the larger of Commerce’s two adjacent deposits but it also hosts the highest grades. Significant prior drill results for the Fir Carbonatite include 8.2 metres of 318 g/t tantalum, 1,400 g/t of niobium and 3.15% phosphate. Further in-fill drilling also offers the potential for additional exceptional grades and increased tonnage, according to an independent geological report that was undertaken by Jim McCrea, P. Geo.

The Fir Carbonatite is up to 75 metres thick and near flat-lying. It has been intersected by 15 drill holes and traced on surface along a known strike for at least 400 metres in length. To date, Commerce has outlined an indicated resource by way of a total of 15 drill holes that were completed between 2001 and 2002. Historically, a total of four holes were drilled by the property’s previous owner, Anschutz Mining Ltd. in the 1980s. These exploratory holes encountered similar grades to those revealed by Commerce’s more recent drilling, which consisted of six holes in 2001 and five more the following year. Notably, the resources outlined to date do not account for the deposit’s full potential. In fact, mineralization in this high-grade deposit remains ‘open’ (continuous) for expansion in three directions.

Project Highlights:

Verity Deposit

The company's Verity tantalum-niobium property, which encompasses the Verity Deposit, consists of 13 contiguous (interconnected) claims totaling 325 acres. The Verity Deposit is host to an inferred resource of 3.06 million tonnes grading 196 grams per tonne of tantalum and 646 grams per tonne of niobium with phosphate credits running as high as 3.2%. This estimate is based on data from 30 drill holes conducted by Anschutz Mining Ltd. in the 1980s. A total of five holes were drilled by Commerce in 2001 that successfully corroborated the unusually high-grade results that were originally reported by Anschutz.

According to an independent geological report that was prepared for Commerce in 2001 by Jim McCrea, P. Geo, the Verity Deposit also remains ‘open’ (continuous) for expansion in three directions. Notably, parts of the deposit represent a potentially ‘open pittable’ resource that is amenable to very cost-efficient mining. The deposit consists of a carbonatite sill that is 15-30 metres thick with an estimated 5,500-metre surface strike length that Commerce believes likely connects to the Paradise Carbonatite mineralized complex to the east. Numerous outcrops, trenches and pits have been mapped and sampled along the estimated strike length.

Project Highlights:

For more information on each of these prospects, please go to http://www.commerceresources.com

Recent News and Press Releases

Commerce Resources forms Strategic Alliance with NAC KazAtomProm's Tantalum Division - OJSC Ulba Metallurgical Plant (June 8, 2006)

Commerce Resources Retains AXINO AG as Investor Relations Consultant in Europe (Thurs, May 18)

Commerce Resources forms Strategic Alliance with Tantalum Processor in China (Mon, May 8)

Commerce Resources Appoints Pitcher and Austin to Board of Advisors (Thurs, Feb 23)

Commerce Resources Corp. (TSX-V: CCE), Update, by Investrend Research Provider Fundamental Research

Commerce Resources Announces Tantalum-Niobium Results from Drilling at Upper Fir and Bone Creek (Fri, Jan 20)

Smartstox.com Spotlights Aldershot Resources, Commerce Resources and Blackstone Ventures
PrimeZone Media Network (Tue, Jan 10)

 

Commerce Resources Closes $976,200 Financing for Pre-feasibility Study and Bulk Sample on Blue River Tantalum/Niobium Project (Thu, Jan 5)

BTV Features Blenz, Emgold and Commerce Resources (Thu, Dec 8)

 

Management Team

David Hodge - President, Director

 

David Hodge contributes to Commerce Resources many years of management experience with publicly traded company. He has been a director of mineral exploration companies since 1996, and has stewarded the Blue River Project from its acquisition in 2000 through to current development activities.

Jody Dahrouge, P.Geol - VP Exploration, Director

 

Mr. Dahrouge is a graduate of the University of Alberta with a Bachelors Degree in Science (Geology) and a certificate in Computer Science. Mr. Dahrouge has successfully operated Dahrouge Geological Consulting Ltd. since 1998. His experience, insight and energy combine to provide Commerce with a real resource in the acquisition and management of resource project.

Shaun Ledding, B.Comm - VP Corporate Compliance, Director

 

Shaun Ledding graduated with a Bachelor of Commerce (Finance) degree from the University of British Columbia and has experience in the areas of management and regulatory compliance. He brings seven years of public company experience and is also a director of International Zimtu Technologies Inc.; the former parent company of Commerce Resources Corp.

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Headquarters:
789 West Pender Street, Suite 1450
Vancouver, B.C.V6C 1H2

Investor Relations:
Chris Grove
Phone: 604.484.2700
Fax: 604.681.8240

 

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