Critical Elements Corporation Discovers a New Zone in Drilling on the Rose Deposit
MONTREAL, QUEBEC -- (Marketwire) -- 03/16/11 -- Critical Elements Corporation (TSX VENTURE: CRE) (OTCQX: CRECF) (FRANKFURT: 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:
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HOLE FROM TO WIDTH Li20 Ta2O5 BeO Rb Ga Cs
ppm ppm ppm ppm ppm
# (m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t) (g/t)
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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
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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
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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
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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.
The recently-obtained results are as follows:
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HOLE FROM TO WIDTH Li20 Ta2O5 BeO Rb Ga
ppm ppm ppm
# (m) (m) (m) (%) ppm (g/t) (g/t) (g/t) (g/t)
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HE-10-01 9.00 11.35 2.35 0.94 greater than 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 greater than 100 431 1285 66
PE-10-02 3.70 5.30 1.60 0.77 greater than 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 greater than 100 247 1470 64
PS-10-02 9.70 10.75 1.05 0.91 greater than 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 greater than 100 246 160 41
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(i) 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 um. 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Critical Elements Corporation
Jean-Sebastien Lavallee, P.Geo.
President and Chief Executive Officer
819-354-5146
president@cecorp.ca