Commerce Resources Corp.
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To Mine Or Not To Mine
This is a 70lbs Tantalum bearing carbonatite from the Verity property in Blue River British Columbia
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Tantalum & Niobium: Fir Project

o Property Summary
The Fir Project consists of 12 contiguous unsurveyed mineral claims (Fir 1 to 12) which cover a total area of about 1725 ha (17¼ km2). The Fir claim group was originally staked by Commerce Resources Corp. for its exploration potential, and are thus held 100 percent. The property is not subject to any royalties, back-in payments or other agreements.

The Fir Carbonatite, with the highest reported tantalum grades, is up to 75m thick and near flat-lying. It has been intersected by fifteen (15) drill holes and traced (on surface) along a strike length of about 400m. Significant prior drill results include: Hole BC-19 with 8.2m of 318g/t Ta2O5, 1400g/t Nb2O5 and 3.15% P2O5. The apparently simple mineralogy of the Fir Carbonatite includes ferrocolumbite and pyrochlore in a ratio of approximately 20 : 1 (columbite : pyrochlore), with very low to negligible uranium. Given the foregoing, this carbonatite body has the potential for exceptional grades and tonnages.
o Project Highlights
  • Indicated resource at the Fir Property of 5.65 Million Tonnes grading 203 g/t Ta2O5 and 1,074 g/t Nb2O5 (Verzosa, 2003).
  • Inferred resource at the Fir Property of 6.74 Million Tonnes grading 203 g/t Ta2O5 and 1,074 g/t Nb2O5 (Verzosa, 2003).
  • Project remains open for expansion
  • Favorable proximity to infrastructure such as rail, roads and power.
  • Inferred resource at the Verity property of 3.06 million tones containing 196 g/t Ta2O5, 646 g/t Nb2O5 and 3.20% P2O5. (See Verity Property for proximity)

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o History of Exploration
The following is a summary of prior work conducted at the Blue River properties:

SUMMARY OF PRIOR WORK

Year Description

2005-06 Company releases results from drilling program at the Upper Fir Carbonatite which demonstrated the existence of another deposit with similar mineralogy and chemistry to that of the Fir Property.
2005 Company expands Blue River land position with acquisition of the Mud Lake Property.
2004 Company commissions SGS Lakefield Research Limited to investigate direct acid leaching of its tantalum and niobium gravity concentrate. The company is encouraged by the results as the hydrofluoric additions used in the test program were less than that reported by a commercial operation employing similar processing technology. Further investigations and optimization are planned.
2004 The University of British Columbia, along with Nelson concentrators, completed metallurcial work using a magstream separator. Overall recovert exceeded 92% of the available metal oxides. This exceeds previous results from pilot scale testing, hinting at the opportunity for further metallurgical refinements in the recovery process.
2004 Metallurgical work on concentrate from the Fir deposit confirmed the prediction of high recoveries for tantalum and niobium (83 to 91 percent of the contained metal values).
2003 Company commissions initial bulk sample gravity separation test using material from the Fir Property.
2003 Indicated resource estimate for the Fir Property. The Fir carbonatite contains drill indicated resource of 5.65 million tonnes (Verzosa, 2003).
2003 Updated inferred resource estimate for the Fir Property. The Fir Carbonatite contains a potentially open pitable inferred resource of 6.74 Million tonnes (Verzosa, 2003).
2003 Company releases conclusions to Phase 1 metallurgical investigations which recommend a large scale bulk sample program at the Fir Property.
2002 New Discovery -- exploration and sampling leads to the discovery of the Upper Fir Carbonatite 1.2km east of the main Fir deposit.
2002 Company releases assay results from the 2002 Work Program. Results continue to confirm the large tonnage potential of the Fir Property.
2002 Company releases preliminary cost assessment studies on the processing and beneficiation of the tantalum and niobium rich carbonatites from the Fir & Verity properties.
2002 Company processing 300kg bulk sample of carbonatite from the Fir Property at Knelson Concentrators of Langley, British Columbia. Sample was designed to produce a large enough sample of 'gravity concentrate' to allow the testing of multiple methods of upgrading the tantalum and niobium concentrate.
2002 Inferred resource estimate for the Fir Property. The Fir Carbonatite contains a potentially open-pitable inferred resource of 5.2 Million Tonnes grading 194 g/t Ta2O5, 897 g/t Nb2O5, and 3.50% P2O5. (McCrea, 2002)
2001 Diamond drilling at Fir, estimated to be 1200m in 6 holes.
2001 Diamond drilling at Verity, total of 404m. in 5 holes; mapping and sampling. Assay results confirmed those previously by Anschutz Mining (Canada) Ltd. (release of Oct 22, 2001)
2001 Ground geophysical surveys, prospecting, stream sediment sampling, preparation for drilling (Dahrouge, 2001)
2000 Prospecting of new occurrences in recently logged areas, sampling of specimen pit for mineralogy (Dahrouge, 2001)
1987-88 Serpentine Creek and Gum Creek carbonatites discovered (Digel et. al., 1989)
1984 Mapping and sampling (Pell, 1985)
1982 Detailed mapping and sampling of known carbonatites (Aaquist, 1982b)
1981 Diamond dirlling at Mill, Verity, Bone Creek, Fir, total of 29,964.9m in 28 holes; maping and sampling; 1:4,000 scale topographic map (Aaquist, 1982a)
1979-80 Airborne and ground geophysics, geologic mapping and sampling, and 1,066.8m core drilling (Ahroon, 1980)
1977-8 Ground magnetometer and scintillometer surveys, prospecting, trenching, sampling and analysis (Jackson et al., 1978)
1968 Geologic mapping of the Paradise Area (Rich, 1968)
1967 Howard Creek area prospected by Earl Dotson of Falconbridge, Howard Creek carbonatites discovered and staked by Anthony Rich (Mariano, 1982)
1967-9 Blue River carbonatites examined by Kennecott Copper Corporation (Mariano, 1982)
1964 Carbonatite occurrences examined by Kennco Explorations (Western) Limited (Mariano, 1982)
1955 Property examination by R. B. Rowe (1958) of the Geological Survey of Canada
1954 Minor sampling (McCammon, 1954)
1953 About 3 miles of road-building, stripping and trenching; Mill-showing discovered (McCammon, 1954)
1951-52 Extensive geologic mapping, test-pitting and sampling; primarily examined for its Uranium potential (McCammon, 1952)
1950 Several hand trenches, mapping and sampling (McCammon, 1950)
1949 Carbonatite bodies first discovered by Oliver E. French, Zonolite Corporation examined the property for its Vermiculite Potential (Mariano, 1982)

o Location

The Fir Carbonatite is accessible from a logging road which branches from Highway 5 about 23km north of Blue River. The main line of the Canadian National Railway (CNR) passes through the western parts of the property. In addition, a B.C. Hydro line passes through the central part of the Fir claim group. Just as the Verity Carbonatite, access to the property is via an active logging road which is well-maintained during summer months.

PROPERTY MAPS:

Fir, Verity and Mara Claim Map
Fir Drill Holes Location Map
Fir Cross Section of 4 Historical Drill Holes
Fir Claim Ground Magnetics, Drill Hole and Sample Locations
Fir Claim Group - Cross Section A
Fir Claim Group - Cross Section B
o Infrastructure
The project benefits from excellent existing infrastructure. The Yellowhead Highway, Canadian National Railway, and BC Hydro power lines all cross Commerce's property. There is year-round access to the Fir deposit from a logging road which branches from Highway 5 about 23 km north of the town of Blue River. Through the western parts of the property is the main line of the Canadian National Railway (CNR). Lastly, a BC Hydro line passes through the central part of the Fir claim group.

Powerlines Railway Logging Roads


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Property Information:
oShow Complete Report
oProperty Summary
oProject Highlights
oHistory of Exploration
oLocation
oInfrastructure

Maps and Photos:
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Area Map of the Blue River Carbonatites
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Drill Hole Map of the FIR Property
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Drill Program 2002 - Drilling of July 2002
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Drill Program 2002 - Tantalum Core from Hole #14
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Drill Program 2002 - Drilling Hole #14
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Drill Program 2002 - Core Boxes
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