VANCOUVER, April 18 /CNW/ - Commerce Resources Corp. (TSXV: CCE) (FSE: D7H) (OTCQX: CMRZF) (the "Company" or "Commerce")
announces that, further to its news release of March 3, 2011, it has
filed its National Instrument 43-101 Technical Report entitled
"Technical Report, Mineral Resource Estimation, Eldor Property - Ashram
Deposit, Nunavik, Quebec" dated April 15, 2011, on SEDAR at http://www.sedar.com. The report has also been posted on the Company's website at http://www.commerceresouces.com.
SGS Canada Inc. - Geostat ("SGS Geostat") was commissioned by Commerce
to prepare an independent estimate of the mineral resources of the
Ashram Rare Earth Deposit ("Ashram") at the Eldor Property, Quebec. The
Technical Report was prepared for the Company by André Laferrière M.Sc.
P.Geo. of SGS Geostat. SGS Geostat calculated the mineral resource
estimate based on data from twelve holes totalling 3,313 metres drilled
at the Ashram in 2010. The mineral resource estimate for the Ashram at
a base case cut-off grade of 1.25% Total Rare Earth Oxide ("TREO")
totals 117,340,000 tonnes grading 1.74% TREO in the inferred resource
category. The initial resource model provides a foundation for the
ongoing exploration and development of the Ashram Zone.
NI 43-101 Disclosure
Jody Dahrouge, P.Geo., Vice-President Exploration of Commerce Resources
Corp., a qualified person as defined by National Instrument 43-101,
supervised the preparation of the technical information in this news
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with
a particular focus on tantalum, niobium and rare earth element deposits
with a potential for economic grades and large tonnages. The Company is
developing its Upper Fir Tantalum and Niobium Deposit in British
Columbia and is also exploring its Eldor Rare Earth Project in northern
Quebec and the Carbo Rare Earth Project in northern British Columbia.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
President and Director
Tel: 604 484 2700
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release may contain forward-looking information and is subject
to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ from those projected in the
forward-looking statements. Forward-looking information is based on
the opinions and estimates of management and its consultants at the
date the information is given. It is subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking information. Information is based on reasonable assumptions. Forward-looking
statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements. The
forward-looking information contained herein is given as of the date
hereof and the Company assumes no responsibility to update or revise
such information to reflect new events or circumstances, except as
required by law.
For further information:
please visit the corporate website at http://www.commerceresources.com or contact Investor Relations at 1.866.484.2700 or email@example.com