Commerce Resources Corp. Reports a NI 43-101 Technical Report for the Niobium Claim Group Property has been Filed by Saville Resources Inc.
Commerce Resources Corp. Reports a NI 43-101 Technical Report for the
Niobium Claim Group Property
has been Filed by Saville Resources Inc.
September 17, 2018 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the “Company”
or “Commerce”) is pleased to report that, in accordance with National Instrument 43-101 (“NI 43-
101”), a Technical Report on the Niobium Claim Group Property has been completed and filed by
Saville Resources Inc. (“Saville”). The Technical Report provides a concise overview of the
property and its exploration potential and may be accessed through the System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com.
The Niobium Claim Group Property is comprised of a sub-set of the Eldor Property claims and is
under the Exploration Earn-in Agreement (the “Agreement”) with Saville, whereby Saville may
earn up to a 75% interest, subject to certain terms and conditions including TSX Venture Exchange
Approval (see news release dated January 11, 2018).
The Southeast Area is the most advanced prospect on the 26-claim group, with drill intercepts
including 0.82% Nb2O5 over 21.9 m and 1.09% Nb2O5 over 5.8 m in drill holes EC10-033 and
040, respectively. These strongly mineralized intercepts have yet to be followed-up and, along
with Miranna, are considered high-priority exploration targets by the Company.
The drilling at the Star Trench Area, completed in 2008 and 2010 by the Company, has returned
some of the strongest tantalum drill intercepts to date on the Niobium Claim Group Property,
including 454 ppm Ta2O5 over 7.8 m and 632 ppm Ta2O5 over 3.8 m in drill hole EC08-025.
These drill intercepts, also associated with moderate niobium and strong phosphate mineralization,
were returned from relatively shallow depths (<50 m core length) with only limited follow-up
drilling completed. This follow-up drilling, completed in 2010, consisted of three (3) drill holes
totalling 494 m and returned some of the highest-grade individual core samples collected to date
from the property, including 1.69% Nb2O5, 2,220 ppm Ta2O5, and 20.5% P2O5 over 0.3 m
(sample 84321).
Saville is planning a fall surface program on the claim group, consisting of prospecting and rock
sampling, and a ground magnetic survey to further delineate the mineralized horizon. The work
will be conducted by Dahrouge Geological Consulting Ltd. with the primary objective of the
program to further refine drill hole locations ahead of drilling planned for the first half of 2019.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as
defined by National Instrument 43-101, supervised the preparation of the technical information in
this 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 focused on the development
of its Ashram Rare Earth Element Deposit in Quebec and the Upper Fir Tantalum-Niobium
Deposit in British Columbia.
For more information, please visit the corporate website at http://www.commerceresources.com
or email [email protected].
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
“Chris Grove”
Chris Grove
President and Director
Tel: 604.484.2700
Email: [email protected]
Web: http://www.commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking information which 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 statement.
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.