The Rose property comprises 500 active mining titles covering a total of 260.90 km2. The Rose property is located in the northeast part of the Archean Superior Province of the Canadian Shield craton, more precisely within the southern portion of the Middle and Lower Eastmain Greenstone Belt (MLEGB). Although the MLEGB displays a wide variety of lithologies, most of the claims constituting the Rose property are underlain by intrusives.
Based on the regional geology interpretation of Moukhsil et al. (2007), most of the property is covered by syntectonic intrusions (2,710 to 2,697 Ma). Late- to post-tectonic intrusions (<2,697 Ma) are also present to a lesser extent. Mineralization recognized to date on the Rose property includes rare-element LCT-type pegmatites (Block A) and molybdenum occurrences (Block A). An iron occurrence (Block B) is also mentioned in the government database. The Rose deposit is the most significant mineralization to date on the property.
PICTURES OF LABORATORY TESTING
Critical Elements Corp. began drilling the Rose property in late 2009. A total of 181 drill holes totalling 26,500 metres have been drill to date on Rose Deposit. Other than drilling, Critical Elements Corp. also performed some prospecting work on the Rose property. Prospecting was limited to the immediate vicinities of the known Pivert showing and the Rose deposit. The work consisted of a visual reconnaissance of pegmatites and sample collection, in addition to outcrop mapping at the Rose deposit only. Critical Elements Corp.'s exploration and drilling work since 2009 has yielded many significant drill hole intercepts that were used by InnovExplo to produce a better geological interpretation for the Rose deposit and to confirm the potential of the entire property area for new discoveries. Out of 181 drill holes at Rose, 175 returned significant mineralized values for Li, Ta, Rb, Cs, Ga or Be, and in most cases, for more than one of these elements. Mineralization is hosted within outcropping pegmatite dykes subparallel to the surface. The dykes and grades correlate well and show good continuity throughout the sections.
Based on the density of the processed data, the search ellipse criteria, and specific interpolation parameters, the authors are of the opinion that the current Mineral Resource Estimate can only be classified as Inferred and Indicated resources. The Estimate follows CIM standards and guidelines for reporting mineral resources and reserves. A minimum mining width of 2 metres (true width) and a cut-off grade of 0.75% LI2O were considered for the Mineral Resource Estimate. InnovExplo estimates that the Rose deposit consists of 26,500,000 tonnes of indicated resources containing 1.30% Li2O Equivalent (Eq) or 0.98% Li2O (259,700 tonnes of Li2O or 642,238 tonnes of Li2CO3 Eq), 163 ppm of Ta2O5 (9,514,317 pounds of Ta2O5) and 10,700,000 tonnes of inferred resources containing 1.14% Li2O Equivalent (Eq) or 0.86% Li2O (92,020 tonnes of Li2O or 227,565 tonnes ofLi2CO3 Eq), 145 ppm Ta2O5 (3,417,400 pounds of Ta2O5). The resource was compiled using a cut-off grade of 41$/t for the open pit model and 66$/t for the underground model (taking Li and Ta recovery into consideration) based on the current estimation of the resource and market conditions.
Although the Rose deposit is currently the most advanced area of the property in terms of exploration, three other identified showings on Block A (Pivert, JR and Hydro) appear very promising and should be further investigated by either trenching or drilling since they display similarities with the Rose deposit in terms of mineralogy, grades and thickness (according to surface observations). Field work also shows that these three showings dip gently subparallel to the surface, as is the case for Rose. JR and Hydro have not yet been drilled, but Critical Elements Corp. drilled three holes on Pivert in 2009. InnovExplo believes that the latter holes were oriented down-dip and therefore missed the target. Additional drilling is required as part of a drilling program in order to determine the extent of the Pivert showing. Based on the recent information obtained from the Rose deposit, the authors suggest that the drill should be oriented N206 with a dip of -60 in order to adequately test the Pivert pegmatite dyke. The West-Ell showing should be visited by Critical Elements Corp.'s geologists to determine the extent of what has been historically described as molybdenum mineralization withinveinlets crosscutting a pegmatite dyke. The dyke should be analyzed because it may be part of the same pegmatite group as the Rose, Pivert, JR and Hydro pegmatites, potentially hosting similar mineralization. The Rose deposit is at an advanced stage of exploration and hosts significant lithium and rare-element mineralization. InnovExplo's preliminary data compilation and review of historical reports concerning the Rose property revealed significant potential for the discovery of new lithium and rare-element pegmatites over the entire property. The property is strategically positioned in an area known to be associated with this type of mineralization. Although the Rose deposit is at an advanced stage of exploration, the sheer size of the dominantly unexplored remainder of the property leads InnovExplo to consider Rose as an early-stage project with great potential for discovering additional mineralization.
Pictures of Spodumine/Lepidolite Cores phase 2 of exploration