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News Release: Commerce Resources Corp. (TSXv: CCE) Intersects 176.43m of Middle and Heavy Rare Earth Element Enrichment
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News Release: Commerce Resources Corp. (TSXv: CCE) Intersects 176.43m of Middle and Heavy Rare Earth Element Enrichment

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Commerce Resources Corp. announced the results from 5 drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element Deposit at the Eldor Project in northern Quebec.

Commerce Resources Corp. announced the results from 5 drill holes completed during the summer/fall exploration program at the Ashram Rare Earth Element Deposit at the Eldor Project in northern Quebec.

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  • 1. Commerce Resources Corp. Intersects 176.43 metres of Middle and Heavy Rare Earth Element Enrichment from Surface at the Ashram Deposit, Northern QuebecDecember 14, 2011 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX:CMRZF) (the “Company” or “Commerce”) is pleased to report the results for an additional fivedrill holes completed during the summer/fall exploration program at the Ashram Rare EarthElement (“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 areas 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% TREOIn addition, the summer/fall program has continued to return consistent and strong REEmineralization continuing to the north with grades greater than that of the initial NI43-101resource estimate (1.74%). Several lengthy intersections also lie outside of the area of the initialresource 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 thenorth, 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 theCompanys website at: http://www.commerceresources.com/s/Eldor.asp
  • 2. Complete results are as follows:  Neodymium  Strike/Dip  From  To  Interval  TREO  MHREO  Drill Hole  Oxide  (◦)  (m)  (m)  (m)  (%)  (% of 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                    4.85  109.04  104.19  1.54  12.7  19.1  MHREO    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                    2.19  178.62  176.43  1.56  12.3  18.5  MHREO    3.05  51.96  48.91  1.46  14.2  20.2   Zone    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                 * All samples were analyzed by Activation Laboratories of Ancaster, ON using its method eight -- major oxide, rare earths andtrace element package by fusion ICP and ICP/MS in addition to fluorine by method 4F-F. The four most abundant REEs thatmake up the TREO reported above are cerium, lanthanum / neodymium and praseodymium.* Drill holes EC11-075, 077, and 078A are BTW in size. Drill holes EC11-076A and 082 are NQ in size. The true width of drillintersections is not confirmed. Strikes and dips are idealized as spotted.Drill holes EC11-077, 078A, and 082 targeted the north-western contact of the deposit while drillholes EC11-075, and 076A probed the extent of the MHREO enriched zone. All five holescollared in mineralization.Middle and Heavy Rare Earth Element EnrichmentA peak dysprosium oxide (Dy2O3) value of 529 ppm was returned from EC11-076A at an
  • 3. MHREO grade of 26.2% and a TREO grade of 2.02%. This is the highest value of Dy2O3 yetreturned from Eldor and highlights the continued potential for MHREO enrichment at Ashram.The grade (2.02% TREO) and distribution of this sample (1.4% Eu2O3 and 2.6% Dy2O3 ofTREO) is very rare in carbonatite hosted systems, and further adds to the potential of the zone.In addition, an intensely neodymium (Nd) enriched ferro-carbonatite dyke appears to cut thedeposit north of the main MHREO Zone with peak Nd oxide values of 41% (of TREO). Thedyke has thus far been identified in EC11-065 and 077 with 9.82 m of 28.2% Nd oxide and 8.95m of 30.5% Nd oxide at 1.09% and 1.06 % TREO respectively. MHREO values are alsoconsiderable at 16% and 12% respectively. The presence of this dyke illustrates thepervasiveness of the MHREO enrichment at Ashram, and suggests the presence of other distinctand enriched zones yet to be discovered.Further Results to ComeA total of 33 holes (10,120 metres) were completed with 26 holes (9,012 metres) at the AshramRare Earth Zone, and 7 holes (1,108 metres) at regional targets. Analytical results from theremaining holes will be reported in batches as they are received. To date, assays for eighteendrill holes have been released, with twelve still pending. Three holes were not sampled, ofwhich, two are being held for advanced metallurgical studies.Data compilation of regional results is underway as well as, metallurgical, mineralogical, andenvironmental studies on the Ashram Deposit in preparation for a Preliminary EconomicAssessment (“PEA”).The Eldor Property is located in northern Quebec approximately 130 kilometres south of thetown of Kuujjuaq and 100 kilometres north of Adriana Resources Inc.s Lac Otelnuk IronDeposit. The property is 100%-owned by the Company and encompasses 404 claims totalingapproximately 19,006 hectares.NI 43-101 DisclosureDarren L. Smith, M.Sc., P.Geol., a Qualified Person as defined by National Instrument 43-101,has read and approved the contents of this news release.Middle and Heavy Rare Earth Oxides ("MHREO") is defined as the sum of the middle rare earthoxides (Sm2O3, Eu2O3, Gd2O3) and the heavy rare earth oxides (Tb2O3, Dy2O3, Ho2O3, Er2O3,Tm2O3, Yb2O3, Lu2O3) plus Y2O3 expressed as a percent 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.
  • 4. About Commerce Resources Corp.Commerce Resources Corp. is focused on building shareholder value through the discovery anddevelopment of Canadian rare metal and rare earth element deposits. Commerce’s principalassets are its Blue River Tantalum-Niobium Project in British Columbia and its Eldor Rare EarthProject in Quebec. The Company trades on the TSX Venture Exchange under the symbol“CCE”, the Frankfurt Stock Exchange under the symbol “D7H” and the U.S. OTCQX under thesymbol “CMRZF.”For more information on Commerce Resources Corp. visit the corporate website athttp://www.commerceresources.com or contact investor relations at 1.866.484.2700 orinfo@commerceresources.com.On Behalf of the Board of DirectorsCOMMERCE RESOURCES CORP.“David Hodge”David HodgePresident and DirectorTel: 604.484.2700Email: 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 statementsregarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news releaseinclude that analytical results from the remaining holes from the summer/fall drill program at Eldor will be reported inbatches as they are received.It is important to note that actual outcomes and the Companys actual results could differ materially from those in suchforward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental andtechnological factors that may affect the Companys operations, markets, products and prices. Factors that could causeactual results to differ materially may include misinterpretation of data; that we may not be able to get equipment orlabour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration anddevelopment; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent usfrom 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 ourproperties; that we may not complete environmental programs in a timely manner or at all; that market prices for rareearth elements may not justify commercial production costs; and that despite encouraging data there may be nocommercially exploitable mineralization on our properties.Readers should refer to the risk disclosures outlined in the Companys Management Discussion & Analysis of its auditedfinancial statements filed with the British Columbia Securities Commission.