ZURICH, SWITZERLAND / ACCESSWIRE / September 21, 2016 / Today, Stephan Bogner from Rockstone Research published an update on Commerce Resources Corp. (TSX.V: CCE). Last week, the company reported sampling assays from the Miranna Area, located only 1 km east of its Ashram REE Deposit in Québec. The best results include 5.9% and 4.2% niobium pentoxide (Nb2O5). The 9 selected samples reported by Commerce averaged 2.3% Nb2O5. Of all 64 samples, 40 assayed >0.5% Nb2O5, with 16 surpassing 1%. Sampling also found significant grades of tantalum, phosphate and rare earth oxides (2 samples each graded >1,000 ppm Ta2O5 and 1% Nb2O5, while several samples revealed >10% P2O5).
When comparing these niobium grades with the range of global average mining grades of about 0.5 to 1.5% Nb2O5, and the average grades of niobium exploration projects, Commerce Resources indeed has every reason for being enthusiastic.
Niobium focused juniors seem to be enjoying a recent lift in share prices and market valuations potentially due to positive demand growth for niobium for structural steel for infrastructure projects, as well as for the current lighter and stronger chassis for cars. MDN Inc. has recently seen its' share price appreciate by almost 400% following the announcement of their acquisition of the James Bay Niobium Project, called the Argor Project, which has an historic indicated resource with a grade of 0.52% Nb2O5.
Last year, NioCorp Developments Ltd. (originally structured by Zimtu Capital Corp.) reported an average indicated resource grade of 0.71% Nb2O5 assuming a 0.3% cut-off grade at its Elk Creek Niobium Deposit in Nebraska, USA. Today, NioCorp enjoys a market valuation exceeding $150 million CAD.
The full report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/Commerce20en.pdf
English (web version):
German (PDF):
http://rockstone-research.com/images/PDF/Commerce20de.pdf
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SOURCE: Rockstone Research