MARCH 16, 2011 – MONTREAL, QUEBEC – Critical Elements Corporation (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that a new zone has been discovered in drilling on the Rose deposit. The new zone is located stratigraphically above the southeast Rose zone, in its east-southeast extension. To date, 25 holes have been drilled on a 100-metre drill grid instead of the 50-metre grid used for earlier holes (LR-10-140 to LR-11-165, not included in the last resource estimate). All these holes intersected mineralized zone. This 100-metre drill grid will allow for a rapid increase in resources. The results obtained to date for these holes are shown in the table below.
The recently-obtained results are as follows:
|
HOLE |
FROM |
TO |
TRUE WIDTH |
LI2O |
Ta2O5 |
BeO |
Rb |
Ga |
Cs |
|
# |
(m) |
(m) |
(m) |
(%) |
ppm (g/t) |
ppm (g/t) |
ppm (g/t) |
ppm (g/t) |
ppm (g/t) |
|
LR-11-144 |
110.05 |
119.65 |
9.60 |
0.91 |
136 |
348 |
2447 |
64 |
101 |
|
131.40 |
137.45 |
6.05 |
1.17 |
82 |
385 |
1730 |
64 |
69 |
|
|
LR-11-145 |
137.15 |
151.15 |
14.00 |
0.98 |
78 |
298 |
1882 |
70 |
73 |
|
159.70 |
163.00 |
3.30 |
0.6 |
99 |
311 |
2423 |
70 |
89 |
|
|
LR-11-146 |
140.10 |
147.55 |
7.45 |
0.28 |
136 |
281 |
3058 |
67 |
96 |
|
162.85 |
175.90 |
13.05 |
1.47 |
100 |
494 |
2306 |
61 |
62 |
Drilling will resume next Monday, where the drill will be mobilized on Hole JR-11-13 to follow up on the 12 holes drilled on this zone in December 2010. The Company hopes to be able to outline a resource for this zone fairly quickly.
A map showing the location of the holes drilled at the Pivert/Rose Lithium project can be found in the Rose Project section of the Company’s website, at www.cecorp.ca.
In addition, nine 50-metre holes were also drilled on the Pivert-East (2), Pivert-South (2) and Helico (5) showings for a total of 450 metres. These holes confirmed the presence of multiple Tantalum-beryllium-rich zones. The Company plans to carry out more detailed surface work around these showings to better determine the strike and dip of these new Tantalum-beryllium zones.
|
HOLE |
FROM |
TO |
TRUE WIDTH |
LI2O |
Ta2O5 |
BeO |
Rb |
Ga |
|
# |
(m) |
(m) |
(m) |
(%) |
ppm (g/t) |
ppm (g/t) |
ppm (g/t) |
ppm (g/t) |
|
HE-10-01 |
9.00 |
11.35 |
2.35 |
0.94 |
> 100 |
683 |
1893 |
113 |
|
HE-10-02 |
7.80 |
9.90 |
2.10 |
0.35 |
282 |
506 |
1513 |
112 |
|
50.90 |
52.40 |
1.50 |
|
150 |
288 |
1329 |
79 |
|
|
HE-10-03 |
9.40 |
11.45 |
2.05 |
|
204 |
422 |
980 |
114 |
|
39.80 |
40.80 |
1.00 |
|
195 |
445 |
750 |
85 |
|
|
42.70 |
43.90 |
1.20 |
0.77 |
133 |
279 |
2490 |
91 |
|
|
HE-10-04 |
8.90 |
10.30 |
1.40 |
1.00 |
169 |
888 |
2189 |
106 |
|
17.65 |
18.25 |
0.60 |
|
232 |
218 |
660 |
92 |
|
|
44.60 |
46.70 |
2.10 |
|
107 |
388 |
4054 |
89 |
|
|
HE-10-05 |
12.10 |
13.60 |
1.50 |
|
328 |
331 |
3421 |
131 |
|
40.70 |
43.00 |
2.30 |
0.58 |
121 |
394 |
2431 |
96 |
|
|
PE-10-01 |
1.50 |
3.80 |
2.30 |
|
66 |
601 |
1429 |
54 |
|
12.30 |
12.90 |
0.60 |
|
122 |
293 |
610 |
58 |
|
|
43.10 |
44.15 |
1.05 |
|
> 100 |
431 |
1285 |
66 |
|
|
PE-10-02 |
3.70 |
5.30 |
1.60 |
0.77 |
> 100 |
680 |
2196 |
75 |
|
41.70 |
43.00 |
1.30 |
|
97 |
414 |
2799 |
51 |
|
|
PS-10-01 |
8.90 |
11.10 |
2.20 |
0.37 |
59 |
239 |
3240 |
84 |
|
29.65 |
30.20 |
0.55 |
|
101 |
327 |
1990 |
75 |
|
|
46.95 |
47.60 |
0.65 |
|
> 100 |
247 |
1470 |
64 |
|
|
PS-10-02 |
9.70 |
10.75 |
1.05 |
0.91 |
> 100 |
362 |
1174 |
92 |
|
11.30 |
11.70 |
0.40 |
|
110 |
383 |
1470 |
84 |
|
|
30.55 |
31.05 |
0.50 |
|
104 |
304 |
1950 |
72 |
|
|
46.00 |
46.45 |
0.45 |
|
> 100 |
246 |
160 |
41 |
* 1 ppm = 1 g/t
All samples were sent for analysis in sealed containers to the ALS Chemex laboratory in Val-d’Or by employees of the Company. ALS Chemex is the laboratory used for analysis of all samples from programs on the Lac Pivert/Rose property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 µM. All samples are analyzed using ICP-MS, with full analysis for 47 elements.
Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
For more information, contact
Jean-Sébastien Lavallée, P.Geo
President and CEO
819-354-5146