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Commerce Resources drills 176 g/t Ta2O5 at Upper Fir 2008-02-27 16:48 ET - News Release Mr. David Hodge reports COMMERCE RESOURCES CORP. EXPANDS TANTALUM AND NIOBIUM MINERALIZATION AT THE UPPER FIR DEPOSIT Results of Commerce Resources Corp.'s 2007 diamond drilling program have expanded the known tantalum and niobium mineralization at the Upper Fir deposit. The deposit is located in south-central British Columbia and is wholly owned by the company. During 2007, 18 HQ-sized drill holes totalling 4,710 metres were completed at the Upper Fir deposit. All 18 holes intersected mineralized carbonatite, thereby extending the known mineralization by an additional 250 metres to the south and 200 metres to the east of the area identified in 2006. When combined with the apparently contiguous Bone Creek occurrence (drilled in October, 2005), the Upper Fir carbonatite complex now extends approximately 800 metres east-west, by 1,400 metres north-south. The Upper Fir carbonatite remains open to both the east and to the south. Highlights from the 2007 program include: The weighted average of Ta2O5 (tantalum oxide) without application of a cut-off grade is 176 grams per tonne (g/t), with an average apparent thickness of 55.2 metres. The weighted average grade of Nb2O5 (niobium oxide) is 1,549 g/t and of P2O5 (phosphate) is 3.11 per cent over the same interval. Using a 150 g/t cut-off, the overall weighted average grade for Ta2O5 is 212 g/t with an average true thickness of 29.7 metres. Weighted average grades of Nb2O5 and P2O5 (phosphate) for the respective intervals are 1,468 g/t and 3.55 per cent P2O5. Using a 1,500 g/t cut-off for Nb2O5, the overall weighted average grade for Nb2O5 is 2,587 g/t with an average true thickness of 16.7 metres. Weighted average grades of Ta2O5 and P2O5 for these respective intervals are 195 g/t and 3.00 per cent. Significant variability in grade was demonstrated by the 2007 drilling, indicating the potential for higher grade zones within the overall Upper Fir carbonatite. For example, maximum values of 693 g/t Ta2O5 and 9,142 g/t Nb2O5 were recorded over one metre, and several significant zones of enrichment were noted, such as within hole 28, the southernmost hole drilled to date, which contained: 11.00 metres between 128 and 139 metres, averaging 329 g/t Ta2O5, 4,990 g/t Nb2O5 and 2.83 per cent P2O5; 17.04 metres between 92.96 and 110 metres, averaging 4,943 g/t Nb2O5, 153 g/t Ta2O5 and 2.21 per cent P2O5; Additional examples of higher grade mineralization which are correlative between drill holes, follows: 17 metres from 48 to 65 metres, averaging 232 g/t Ta2O5, 1,789 g/t Nb2O5 and 3.25 per cent P2O5 (hole No. F07-18); Nine metres from 73 to 82 metres, averaging 284 g/t Ta2O5, 2,309 g/t Nb2O5 and 3.20 per cent P2O5 (hole No. F07-19); 12 metres from 62 to 74 metres, averaging 245 g/t Ta2O5, 1,581 g/t Nb2O5 and 2.91 per cent P2O5 (hole No. F07-20).
SUMMARY OF THE 2007 RESULTS Hole Carbonatite Total Ta2O5 Nb2O5 P 2O 5 From To Thick carbonatite (g/t) (g/t) (%) (m) (m) (m) (m) F07-18* 37.00 221.46 184.46 60.13 189 1,333 3.36 F07-19* 34.84 235.00 200.16 80.06 175 1,481 3.11 F07-20* 48.00 155.00 107.00 42.33 224 1,852 2.77 F07-21* 43.00 228.03 185.03 33.26 185 1,403 3.28 F07-22 12.50 247.38 234.88 54.18 185 1,837 2.72 F07-23* 46.00 251.79 205.79 24.46 196 1,133 3.26 F07-24* 47.00 114.14 67.14 24.84 192 2,327 2.93 F07-25* 90.00 145.37 55.37 29.32 193 1,256 3.1 F07-26 44.00 121.42 77.42 21.45 174 1,501 2.43 F07-27 109.30 225.78 116.48 35.80 135 1,735 2.36 F07-28 92.96 150.40 57.44 57.44 212 3,288 2.51 F07-29 13.71 137.85 124.14 7.00 87 1,370 0.89 F07-30 75.13 149.46 74.33 74.33 204 911 3.43 F07-31 81.00 173.18 92.18 90.64 175 675 3.26 F07-32 67.00 169.60 102.60 87.10 160 1,111 3.40 F07-33 32.00 219.16 187.16 60.50 200 1,350 3.70 F07-34 125.00 304.88 179.88 66.75 161 1,085 3.46 F07-35 166.78 198.70 31.92 18.34 207 1,882 3.45
* Results reported in Stockwatch on Oct. 1, 2007 President of Commerce Resources David Hodge comments: "We are very excited by these results because they not only show an increase in the size of the Upper Fir carbonatite, but also the discovery of zones of enriched grades of tantalum and niobium. These results point to an extension of the potential life span of this project. Our primary direction is the focus on the development of this near surface deposit, although we will continue our exploration of the other Blue River carbonatites under claim." John Gorham, PGeol, a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release. www.stockwatch.com/swnet/newsit/...ymbol=CCE&news_region=C

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| 3 | 18 | . | Eller | DA_BUA | 25.04.21 13:14 | |
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