Commerce Resources Corp. filed a National Instrument 43-101 technical report for its initial mineral resource estimate of the Ashram Rare Earth Deposit located on its Eldor property in Quebec. The report estimates an inferred resource of 117.3 million tonnes grading 1.74% total rare earth oxides. SGS Canada Inc. prepared the independent resource estimate based on data from 12 drill holes totaling 3,313 meters drilled in 2010. The initial resource provides a basis for ongoing exploration and development of the Ashram zone to expand resources.
Commerce Resources Files NI 43-101 Report for Ashram Rare Earth Deposit
1. Commerce Resources Corp. Files NI 43-101 Technical Report for Initial
Resource Estimate for Ashram Rare Earth Deposit, Eldor Property Quebec
April 18, 2011 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the
“Company” or “Commerce”) announces that, further to its news release of March 3, 2011, it has
filed its National Instrument 43-101 Technical Report entitled “Technical Report, Mineral
Resource Estimation, Eldor Property – Ashram Deposit, Nunavik, Quebec” dated April 15, 2011,
on SEDAR at http://www.sedar.com. The report has also been posted on the Company’s website
at http://www.commerceresources.com.
SGS Canada Inc. – Geostat (“SGS Geostat”) was commissioned by Commerce to prepare an
independent estimate of the mineral resources of the Ashram Rare Earth Deposit (“Ashram”) at
the Eldor Property, Quebec. The Technical Report was prepared for the Company by André
Laferrière M.Sc. P.Geo. of SGS Geostat. SGS Geostat calculated the mineral resource estimate
based on data from twelve holes totalling 3,313 metres drilled at the Ashram in 2010. The
mineral resource estimate for the Ashram at a base case cut-off grade of 1.25% Total Rare Earth
Oxide (“TREO”) totals 117,340,000 tonnes grading 1.74% TREO in the inferred resource
category. The initial resource model provides a foundation for the ongoing exploration and
development of the Ashram Zone.
NI 43-101 Disclosure
Jody Dahrouge, P.Geo., Vice-President Exploration of Commerce Resources Corp., a qualified
person as defined by National Instrument 43-101, supervised the preparation of the technical
information in this news release.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus
on tantalum, niobium and rare earth element deposits with a potential for economic grades and
large tonnages. The Company is developing its Upper Fir Tantalum and Niobium Deposit in
British Columbia and is also exploring its Eldor Rare Earth Project in northern Quebec and the
Carbo Rare Earth Project in northern British Columbia.
For more information please visit the corporate website at http://www.commerceresources.com
or contact Investor Relations at 1.866.484.2700 or info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
2. David Hodge
President and Director
Tel: 604 484 2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.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.
Forward Looking Statements
This news release may contain forward-looking information and is subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ from those projected in the forward-looking
statements. Forward-looking information is based on the opinions and estimates of management and its consultants
at the date the information is given. It is subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those projected in the forward-looking information.
Information is based on reasonable assumptions. Forward-looking statements address future events and conditions
and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such statements. The forward-looking information contained herein is given as of the date hereof and
the Company assumes no responsibility to update or revise such information to reflect new events or circumstances,
except as required by law.