VANCOUVER, April 20, 2012 /CNW/ - Commerce Resources Corp. (TSXV: CCE) (FSE: D7H) (OTCQX: CMRZF) (the "Company") announces that, further to its news release of March 6, 2012, it has filed its National Instrument 43-101 Technical Report entitled "Mineral Resource Estimation Update, Eldor Property - Ashram Deposit Nunavik, Quebec" dated April 20, 2012, on SEDAR at http://www.sedar.com. The report has also been posted on the Company's website at http://www.commerceresouces.com.
As part of the ongoing Preliminary Economic Assessment ("PEA"), SGS Canada Inc. - Geostat ("SGS Geostat") completed an independent Qualified Person's review of the Eldor Project and prepared an updated mineral resource estimate for the Ashram Rare Earth Element Deposit. The Technical Report was prepared for the Company by Gaston Gagnon, Eng. and Yann Camus, Eng. of SGS Geostat. The resource model provides the foundation for the PEA, which is ongoing under the direction of SGS Geostat and which, once completed, will provide the basis for a separate news release.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the exploration of the Eldor Rare Earth Project in northern Quebec.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
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.
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: