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The Fir Property |
The FIR deposit, already defined by 15 diamond drill holes, now contains a drill indicated resource.
The current geological model suggests this may be part of a larger mineralized system, traced in soil
sampling and geophysics.
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The Verity Property |
The Verity deposit is host to an inferred resource of 3.06 million tones grading 196 grams per tonne
tantalum and 646 grams per tonne niobium. (McCrea, 2001) The Verity remains open for expansion in
three directions.
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Mineral Resource Estimates |
Both the Fir and Verity projects are host to resources of tantalum and niobium. In February 2001,
the Canadian Securities Administrators, the overseeing body of the provincial securities commissions
enacted National Instrument 43-101, which sets strict geological guidelines for classifying mineral
projects.
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Chronology |
Since early 2001, Commerce Resources has continued to explore and develop its Blue River Fir and
Verity projects. See a timeline of our milestones and activities.
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Overview of the Fir and Verity Projects |
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The Blue River tantalum discovery was made thanks to an outcropping
carbonatite which assayed higher than usual values of tantalum and niobium.
An interesting discovery that certainly warranted further investigation --
and in the 1980's, a company called Anschutz Mining did. Drilling confirmed
the presence of rich tantalum mineralization. In 2000, Commerce Resources
staked the Fir and Verity properties and have continued to explore and
develop the two deposits.
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