News Release: Commerce Resources Corp. (TSXv: CCE) Announces Indicated Resource at Upper Fir Tantalum-Niobium Deposit
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Commerce Resources Corp. announces a large indicated resource at the Upper Fir Tantalum and Niobium Deposit, Blue River, B.C. ...
Commerce Resources Corp. announces a large indicated resource at the Upper Fir Tantalum and Niobium Deposit, Blue River, B.C.
* 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.
* The selected base case resource model provides the foundation for the Preliminary Economic Assessment (“PEA”), which is ongoing under the direction of AMEC and which once completed, will provide the basis for a separate news release.
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