Tantalex Intercepts 99.5 Metres of Spodumene Bearing Pegmatite in First Drillhole at Buckell Lithium Property
TORONTO and MUNICH, Germany, April 25, 2018 (GLOBE NEWSWIRE) -- Tantalex Resources Corp. (CSE:TTX) (FSE:1T0) (“TANTALEX” or the “Corporation”), is pleased to announce that the first hole of a 2,000-metre drilling program at its Buckell Lithium project, has intercepted multiple, parallel spodumene-bearing pegmatite bodies totalling 99.5 metres in apparent thickness.
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The pegmatite intruded on the contact of schistose and granitic unit, comprises of dark green mica and spodumene with varying amounts of quartz, albite feldspar and black tourmaline. It is regarded as similar in geological setting and thickness to that of the nearby Kitotolo pegmatite.
This first phase of drilling consists of 2,000 metres targeting the northeastern part of the property that lies on strike with the Kitotolo pegmatite, located 7 km to the northeast. In previous exploration work including sampling and pitting, results from laboratory analysis (SGS Labs) confirmed positive identification of pegmatite extensions below the soil cover. Nico Scholtz, VP Exploration of Tantalex, used the pitting results received to date, coupled with visual ground investigations, as well as airborne geophysical, data to plan the drill collars. In addition, his observations of spodumene and lithium alteration products in the drill core of hole BMDD001 is used to plan additional drill collars along strike with the Kitotolo pegmatite.
Dave Gagnon, Chief Executive Officer explains, “This is a turning point for Tantalex with our first hole intercepting multiple spodumene bearing pegmatite bodies. We are in a highly prolific area for lithium and I am excited by the width and potential mineralization of this first drill hole. We are continuing to drill along strike to identify further mineralization and should be reporting these results as we receive them”.
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Gary Pearse MSc, P. Eng, who is a "Qualified Person" as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
About TANTALEX Resources Corporation
TANTALEX is a mining company engaged in the acquisition, exploration, development and distribution of Lithium, Cobalt, Tantalum and other high-tech mineral properties in Africa. The Company is listed on the Canadian Stock Exchange (symbol: TTX) and the Frankfurt Stock Exchange (symbol: 1T0).
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although TANTALEX believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, TANTALEX disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
For further information, please contacts Investor relations: ir@tantalex.ca
Or visit us at: WWW.TANTALEX.CA
Tantalex Resources Corp.
Dave Gagnon
Chief Executive Officer
+16479637476
dg@tantalex.ca
Kyle Appleby
Chief Financial Officer
+14164179176
ka@tantalex.ca
Christina Lalli
Manager, Investor Relations
cl@tantalex.ca
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