Vancouver, BC, January 30, 2014 - Commerce Resources (TSXV:CCE) (FSE:D7H) has reported several very high-grade tantalum and niobium assays from a limited prospecting and sampling program carried out on the Eldor Property in Northern Quebec in 2013.
Commerce Resources, an exploration and development company, is focusing on the development of its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the Ashram Rare Earth Project in Quebec. Preliminary Economic Assessments have been completed for both Projects.
Although the 2013 field season's focus was on advancing the Eldor Property's primary asset, the Ashran Rare Earth Deposit, with the infill and step out program, a small prospecting and sampling program was also completed, targeting the tantalum-niobium potential of the Miranna Area. A total of 15 samples were collected, focused over two exploration areas; south Glim Lake, and Miranna, east of the northern half of Centre Pond.
Several very high-grade tantalum and niobium boulders were collected with one sample assaying 1,220 ppm Ta2O5, 15,700 ppm Nb2O5, and 10.6% P2O5, and 0.46% TREO. Commerce Resources considers these results significant.
The presumed source or sources of the mineralized boulder train in the Minanna Area is not one of the known mineralized zones, and thus, represents a new discovery.
Management believes an extensive boulder field is becoming evident and additional work will focus on tracing it back to its source. This very same boulder exploration methodology is largely credited with the discovery of the company's Ashram Rare Earth Deposit, located less than a kilometre to the east.
President David Hodge stated, "Since the acquisition of the Eldor Carbonatite in early 2007, exploration has identified multi-commodity potential on this claim group. This was first realized with the discovery of the Ashram Deposit which now ranks amongst the world's largest REE projects. The truly significant aspect of these current results is the future exploration potential of the overall Eldor Carbonatite where other commodities, identified in boulders, soil surveys and outcrop, include: Niobium, Tantalum, Phosphate, Copper and Nickel. These early stage results point out a clear long term direction for Commerce, in that when Commerce is successful in establishing industry partners to advance the Ashram Rare Earth Deposit, as well the Upper Fir Tantalum and Niobium Deposit into production, Commerce will have multiple targets to begin the process of exploration and discovery again on both claim groups in Quebec and British Columbia."
For more information, please visit the company's website www.commerceresources.com (http://www.commerceresources.com/). For investor relations call 1-866-484-2700 or email info@commerceresources.com (mailto:info@commerceresources.com).
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