VANCOUVER, April 16 /CNW/ - Commerce Resources Corp. (TSXv: CCE) (FSE:
D7H) ("Commerce") is pleased to announce that it has initiated an expanded
environmental and regulatory program to support the requirements of the BC
Environmental Assessment Office (BC EAO), for a potential future application
of an approval of an environmental assessment certificate for the Upper Fir
Project. Given a positive pre-feasibility study, this approval would allow
Commerce to enter into the regulatory process for permitting mine construction
and development at its wholly owned Blue River Tantalum-Niobium Project.
Additional work planned for 2007 includes ongoing metallurgical testing
for niobium and tantalum extraction at SGS-Lakefield. The results which are
expected in May 2007, will feed into a pre-feasibility study scheduled for
completion in the fall of 2007.
Commerce Resources has recently signed contracts with Gartner Lee Limited
and its team of subcontractors to carry out field programs which will expand
upon environmental work started in 2006. Planned work includes water and
sediment quality sampling, groundwater sampling, and surface water surveys; as
well as fish, benthic life and fish habitat investigations. On the terrestrial
side, soils, vegetation, rare plants and habitat surveys will be undertaken
this summer. Terrain analysis, acid rock drainage and metal leaching studies
will also be completed in late spring to summer 2007. The latter programs will
provide information that is essential to the environmental and engineering
teams, who will prepare a mine plan, should the project development proceed.
Reports will be delivered to Commerce Resources in the fall of 2007 for
inclusion in the proposed pre-feasibility.
"This is a very positive step for Commerce Resources as they move the
Upper Fir Project forward", said Neil Westoll, National Mining Practice Area
Lead, "and Gartner Lee Limited is pleased to have been selected to continue
working with Commerce Resources on this exciting property."
While environmental specialists are preparing the field programs and
reports, Commerce Resources is planning to engage early with the local
communities to provide project information and regular updates. The goal will
be to ensure that all stakeholders are given opportunities to keep abreast of
plans, and provide input to the process. Following the early communication and
information sessions planned for late spring to summer 2007, more formal
consultation will take place once the Upper Fir enters the British Columbian
Environmental Assessment process. Commerce Resources is committed to fostering
effective and early consultation with all local groups to ensure that any
concerns may be addressed early in the process.
About Commerce Resources Corp.
Commerce Resources Corp. is focused on the development and exploration of
its Fir and Verity tantalum and niobium projects covering about 500 square
kilometers in British Columbia, Canada. The Company is one of the most active
tantalum-niobium explorers in North America, conducting detailed exploration
of its Fir, Verity and Upper Fir deposits. Commerce Resources Corp. trades on
the TSX Venture Exchange under the symbol "CCE".
On Behalf of the Board of Directors
President and Director
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein
For further information:
For further information: David Hodge, President and Director, Tel: (604)