Commerce Resources stakes claims at Blue River
2007-11-06 16:30 ET - News Release
Mr. David Hodge reports
COMMERCE RESOURCES CORP. DOUBLES CLAIMS FOR BLUE RIVER TANTALUM- NIOBIUM PROJECT AND NEW DISCOVERY
Commerce Resources Corp. has doubled the size of its Blue River property by staking an additional 95 claims totalling about 104,700 acres to the south of the Bone Creek watershed. The claims were acquired for their potential to host additional mineralization, as well as ensuring ownership of mineral tenure under areas where infrastructure for potential mine development may be located. The total size of the Blue River property is now in excess of 1,000 kilometres square.
The acquisition of the new claims reaffirms Commerce's commitment to the Blue River project which is host to several known carbonatites, each with anomalous concentrations of tantalum and niobium.
The acquisition of the new claims was prompted by results from the 2007 exploration program, which led to the discovery of an extensive ultramafic body that outcrops about 12 kilometres to the southeast of the Upper Fir carbonatite. This dike-like body is made up of massive to layered pyroxenites and hornblendites (see photos on the company website). The steeply dipping body can be traced over a six km strike length, and is at least 400 m thick.
The occurrence of this very large ultramafic intrusion at the Blue River property is significant due to the diverse styles of mineralization typically associated with these types of intrusions. Ultramafic intrusions can be host to minerals that contain nickel, copper, cobalt, platinum group elements and gold.
Also, the company has added considerable data for the Howard Creek carbonatite, which is located within the northeast part of the Blue River property. Portions of this extensive carbonatite complex form an approximate dip slope, and contain significant titanium-bearing minerals (ilmenite, magnetite, titantite) and zircon. This deposit has now been mapped and sampled (with a total of 43 surface rock grab samples) with assays ranging from background concentrations up to 7 per cent Ti02, 8.61 per cent P205, 4,843 grams per tonne V205 and 3,055 g/t Zr02. Given the occurrence of a diverse array of commodities at the Howard Creek carbonatite, the company anticipates conducting additional fieldwork in the area during the summer of 2008. Recently completed logging roads lead to within one to two km of the Howard Creek carbonatite.
Jody Dahrouge, PGeo, a director of Commerce Resources and qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
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