VANCOUVER, Dec. 19, 2007 (Canada NewsWire via COMTEX)Commerce Resources Corp. (FSE: D7H) ("the Company") is pleased to announce the results from its 2007 exploration program at its Eldor Carbonatite Project, located in the Labrador Trough area of Quebec, Canada. The results substantiate anomalous concentrations of niobium (Nb(2)O(5)) and tantalum (Ta(2)O(5)) identified historically as well as anomalous concentrations of gold, uranium and apatite over an area exceeding 6 km long by 1.5 km wide.
The 2007 exploration program, designed to confirm the historic mineralization, consisted of an 862 line-km magnetic/radiometric airborne geophysical survey, and rock and soil sampling. In total, 895 soil samples and 60 rock (grab) samples were collected. The soil sampling (50 meter sample intervals) was considered reconnaissance in nature and consisted of lines spaced approximately 1 km apart across the property.
Highlights are as follow:
<< - the airborne geophysical survey outlined a magnetic anomaly about 9 km long by 3 km wide which is partly coincident with a radiometric anomaly that exceeds 13 km length by 5 km width.
- the soil geochemical survey outlined a niobium anomaly that exceeds 300 ppm Nb(2)O(5) (maximum of 1.18% Nb(2)O(5)), over an area measuring approximately 6 km long by 1.5 km wide, which is coincident with one of the most intense parts of the radiometric geophysical anomaly. Of the 60 rock samples collected, 18 exceeded 0.1% Nb(2)O(5). One rock sample exceeded the maximum detection limit for niobium oxide, which is 7.15%. The samples averaged 0.49% Nb(2)O5.
- twenty-three (23) of the soil samples exceeded 250 g/t Ta(2)O(5), with a peak value of 988 g/t Ta(2)O(5). Of the 60 rock samples collected, 26 exceeded 100 g/t Ta(2)O(5) to a maximum of 1,550 g/t Ta(2)O(5).
- four (4) of the soil samples exceeded 100 ppb gold (Au), with a peak value of 456 ppb Au. Of the 60 rock samples collected from the area, 19 exceeded 100 ppb Au to a maximum of 803 ppb Au (0.803 g/t Au). The 60 rock samples averaged 104 ppb Au. The five (5) greatest samples contained 803, 710, 539, 538, and 533 ppb Au, respectively.
- twenty-five (25) rock samples collected from the area exceeded 100 ppm uranium (U(3)O(8)) to a maximum of 1,668 ppm U (0.16% U(3)O(8)). The 60 rock samples averaged 231 ppm U(3)O(8) (0.51 lbs/tonne).
- twenty-eight (28) rock samples collected from the area exceeded 5% P(2)O(5) (phosphate occurring as apatite) to a maximum of 28.24% P(2)O(5). The 60 rock samples averaged 5.42 % P(2)O(5). >>
In addition, the soil geochemical survey outlined a nickel anomaly that exceeds 100 ppm nickel to a maximum of 595 ppm nickel. The anomaly measures 7 km long by up to 2 km wide, and is partly coincident, and to the east of the magnetic geophysical anomaly. This represents a separate exploration target from the carbonatite.
The Company is encouraged by the results of the 2007 exploration. Based on the local geology and the sampling results obtained in the field, the Company believes that the Eldor Carbonatite Project has potential for the discovery of a variety of high-value commodities within a very large carbonatite complex.
The diverse array of mineralization evidenced in the Eldor Carbonatite, are not uncommon to these types of systems. Carbonatites are very rare and unique rock types, with only approximately 500 complexes known worldwide. Often containing a variety of exotic minerals, carbonatites have been known to produce economic concentrations of rare earth elements, niobium, copper, iron, apatite, vermiculite and fluorite; with significant byproducts which may include barite, zircon, tantalum, gold, silver, uranium, nickel and platinum group elements.
The Eldor Carbonatite appears larger than the present and past producing Canadian ca