Mr. David Hodge reports
COMMERCE RESOURCES CORP.'S UPPER FIR TANTALUM AND NIOBIUM DEPOSIT CONFIRMED AS A LARGE INDICATED RESOURCE, BLUE RIVER, B.C.
As part of the continuing preliminary economic assessment, AMEC has completed a new National Instrument 43-101-compliant resource estimate for Commerce Resources Corp.'s Upper Fir tantalum-niobium deposit at its Blue River project in British Columbia. The Blue River project is located near the village of Blue River, which is approximately 250 kilometres north of the city of Kamloops and approximately 90 km south of the town of Valemount.
Highlights
AMEC has determined a base case Indicated mineral resource of 36.35 million tonnes containing 195 ppm (gpt) Ta2O5 and 1,700 ppm (gpt) Nb2O5. Base case Inferred mineral resources are 6.40 million tonnes containing 199 ppm (gpt) Ta2O5 and 1890 ppm (gpt) Nb2O5.
AMEC concludes that the 2009 work program has markedly improved the interpretation of the geology of the Upper Fir tantalum- and niobium-bearing carbonatite, which in turn has resulted in an increase in confidence and size of the deposit.