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The Verity deposit is host to an inferred resource of 3.06 million tonnes grading 196 grams per tonne tantalum and 646 grams per tonne niobium (McCrea, 2001). The Verity remains open for expansion in three directions.
The company's Verity project consists of 13 claims totaling 325 acres, covering the Verity carbonatite and is located 30 kilometers north of Blue River, British Columbia. The claims were staked by Commerce Resources Corp. between February and October 2000, and are owned 100% by Commerce with no underlying royalties.
The area was previously explored for tantalum in the 1980s by Anschutz Mining Ltd. who conducted extensive exploration that included diamond drilling. To date, near the western end of the Verity Carbonatite Sill, within an area measuring 600m (vertical) by 630m (north-south) by 1000m (east-west) area, an inferred resource of 3.06 million tonnes containing 196g/t Ta2O5, 646g/t Nb2O5 and 3.20% P2O5 is estimated (McCrea, 2001). The Verity-Paradise Carbonatite Complex has been traced by intermittent surface sampling over a strike length of more than 5,500 meters.
On October 22, 2001, the company released the results from its drill program on the Verity Carbonatite. The results not only confirmed those previously reported by Anschutz Mining Ltd., but also upgraded known tantalum mineralization at several locations.
Maps
Photo Gallery
Technical Report
History of Exploration
The Blue River tantalum discovery was made thanks to an outcropping carbonatite which assayed higher than usual values of tantalum and niobium. An interesting discovery that certainly warranted further investigation -- and in the 1980s, a company called Anschutz Mining did. Drilling confirmed the presence of rich tantalum mineralization. In 2000, Commerce Resources staked the Fir and Verity properties and has continued to explore and develop the two deposits.
| Year |
Description |
| 2001 | Diamond drilling at Verity, total of 404 meters in 5 holes; mapping and sampling. Assay results confirmed those previously by Anschutz Mining (Canada) Ltd. (release of Oct 22, 2001). |
| 2001 | Ground geophysical surveys, prospecting, stream sediment sampling, preparation for drilling (Dahrouge, 2001). |
| 2000 | Prospecting of new occurrences in recently logged areas, sampling of specimen pit for mineralogy (Dahrouge, 2001). |
| 1987-88 | Serpentine Creek and Gum Creek carbonatites discovered (Digel et. al., 1989). |
| 1984 | Mapping and sampling (Pell, 1985). |
| 1982 | Detailed mapping and sampling of known carbonatites (Aaquist, 1982). |
| 1981 | Diamond drilling at Mill, Verity, Bone Creek, Fir, total of 2,964.9m in 28 holes; mapping and sampling; a 1:4,000 scale topographic map (Aaquist, 1982). |
| 1979-80 | Airborne and ground geophysics, geologic mapping and sampling, and 1,066.8m core drilling (Ahroon, 1980). |
| 1977-8 | Ground magnetometer and scintillometer surveys, prospecting, trenching, sampling and analysis (Jackson et al., 1978). |
| 1968 | Geologic mapping of the Paradise Area (Rich, 1968). |
| 1967 | Howard Creek area prospected by Earl Dotson of Falconbridge, Howard Creek carbonatites discovered and staked by Anthony Rich (Mariano, 1982). |
| 1967-9 | Blue River carbonatites examined by Kennecott Copper Corporation (Mariano, 1982). |
| 1964 | Carbonatite occurrences examined by Kennco Explorations (Western) Limited (Mariano, 1982). |
| 1955 | Property examination by R. B. Rowe (1958) of the Geological Survey of Canada. |
| 1954 | Minor sampling (McCammon, 1954). |
| 1953 | About 3 miles of road-building, stripping and trenching; mill-showing discovered (McCammon, 1954). |
| 1951-52 | Extensive geologic mapping, test-pitting and sampling; primarily examined for its uranium potential (McCammon, 1952). |
| 1950 | Several hand trenches, mapping and sampling (McCammon, 1950). |
| 1949 | Carbonatite bodies first discovered by Oliver E. French, Zonolite Corporation examined the property for its vermiculite potential (Mariano, 1982). |
Infrastructure
The project benefits from excellent existing infrastructure. The Yellowhead Highway, Canadian National Railway, and BC Hydro power lines all cross the Verity property. There is year-round access to the Fir deposit from a logging road which branches from Highway 5 about 23 kilometers north of the town of Blue River. The main line of the Canadian National Railway (CNR) runs through the western parts of the property.
Project Highlights
- Inferred resource of 3.06 million tonnes containing 196g/t Ta2O5, 646g/t Nb2O5 and 3.20% P2O5.
- Project remains open for expansion.
- Favorable proximity to infrastructure such as rail, roads and power.
- Parts of the Verity Carbonatite are potentially an 'open-pittable resource'.
A Qualified Person as defined by NI 43-101 has verified the written disclosure of any scientific and technical information on this webpage.
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