VANCOUVER, Feb. 4 /CNW/ - Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX: CMRZF) (the "Company") announces that,
further to its news release of February 2, 2011, it has filed its
National Instrument 43-101 Technical Report entitled "Blue River Ta-Nb
Project, Blue River, British Columbia" dated January 31, 2011, 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"), AMEC
Americas Limited ("AMEC") completed an independent Qualified Person's
review of the Blue River Project and prepared an updated mineral
resource estimate for the Upper Fir Tantalum and Niobium Deposit. The
Technical Report was prepared for the Company by Albert Chong, P. Geo.
and Tomasz Postolski, P. Eng, of AMEC. The resource model provides the
foundation for the PEA, which is ongoing under the direction of AMEC
and which, once completed, will provide the basis for a separate news
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with
a particular focus on tantalum, niobium and rare metal deposits with
potential for economic grades and large tonnages. The Company is
specifically focused on the development of 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.
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 firstname.lastname@example.org