BRITISH COLUMBIA - Commerce Resources of Vancouver and the Simpcw First Nation have signed an exploration agreement covering the Blue River tantalum-niobium project near Kamloops. The property lies approximately 10 km north of the town of Blue River in the heart of Simpcw traditional territory.
Traditionally, First Nations become involved in exploration projects during advanced stages of mineral exploration, usually during the feasibility stage once the deposit has been defined. This agreement provides the Simpcw and Commerce Resources with an opportunity to work closely together during the grassroots exploration phase to ensure their mutual interests are respected and met. In particular, the agreement calls for representatives of the band council and the company to conduct a joint review every spring prior to commencing exploration and in the fall to review the field program in order to address and mitigate any concerns or impacts. Commerce has also agreed to work closely with the band to maximize training and employment opportunities for Simpcw members.
Commerce submitted a technical report on the Blue River property in March 2010. It can be read at www.CommerceResources.com.