British Columbia Rare Earth Projects
Source: Rare Earth Investing News, Michael Montgomery (8/17/10)
"REE mining companies hope BC is also an area of rich natural bounty."
Many projects are underway in the most western of Canadian Provinces. The "Rocky Mountain Rare Earth Belt" is home to almost all of the exploration and development activity, with the epicenter being Spectrum Mining's Wicheeda REE discovery and the subsequent claims by mining firms on surrounding properties. This area is located 80 km NE of Prince George, BC. What makes this region so appealing for mining firms is the close proximity of electrical lines, roadways and railways, which improves the cost efficiency of mining operations.
Commerce Resources' BC property is the Blue River Project. The property contains deposits of tantalum and niobium, with an indicated resource of 11.3 Mt. with average grades of 198 g/t tantalum and 1,170 g/t niobium and an inferred resource of 26.2 Mt. with average grades of 194 g/t tantalum and 1,182 g/t niobium.
The company also has a JV with Canadian International Minerals on a project close to the Wicheeda Property. The Carbo Project has seven claims for a total of 2778.63 hectares. "Field crews are continuing the geological mapping and soil sampling program that began in 2009. A permit application for a minimum 1,000m diamond drill program has been submitted," according to a recent press release.