Critical Elements Corporation Intersects up to 1.60% Li2O, 427 ppm Ta2O5, 749 ppm BeO, 5,175 ppm Rb and 85 g/t Ga
LAVAL, QUEBEC -- (Marketwire) -- 04/28/11 -- Critical Elements Corporation (TSX VENTURE: CRE) (OTCQX: FGEXF) (FRANKFURT: F12) is pleased to announce the recent drill results for the Rose Tantalum-Lithium project. The table below shows the results for holes LR-10-147 to LR-10-155, which were drilled to test zone extensions to the north and east. The holes all intersected the mineralized zones. However, for Hole LR-10-149 intersected the mineralized zone within a fault, and core recovery within the zone was therefore only about 30%, which does not allow for representative grade estimation for this hole. Zones enriched in tantalum were also intersected in the immediate vicinity of the main Rose zone. These various zones returned up to one pound per tonne in some areas. All these results will be included in the new resource estimate.
Critical has drilled 26 new holes on the Rose showing, including three exploration holes, as well as six other holes on the JR showing. The results for these holes are expected in the coming weeks. Holes LR-10-156 to LR-10-178 will also be included in the new resource estimate.
A map showing the location of the holes drilled on the Rose Tantalum-Lithium project can be found in the Projects section of Critical's website.
The best results obtained to date are as follows:
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CORE Ta2O5 BeO Rb Ga
HOLE FROM TO LENGTH Li20 ppm ppm ppm ppm
# (m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t)
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LR-11-147 159.70 167.95 8.25 0.33 184 386 2,251 63
192.30 200.85 8.55 0.56 94 330 1,951 65
205.05 207.50 2.45 NSV 282 389 1,467 85
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LR-11-148 174.00 184.90 10.90 NSV 184 103 2,800 62
217.65 230.65 13.00 0.84 71 348 1,805 59
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LR-11-149 170.70 173.10 2.40 NSV 173 345 5,175 67
228.40 242.40 14.00 NSV 108 131 943 48
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LR-11-150 214.10 225.60 11.50 1.42 71 411 2,275 71
247.20 249.75 2.55 0.42 191 180 1,012 68
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LR-11-151 179.60 187.05 7.45 1.42 134 226 1,635 63
188.50 189.60 1.10 1.60 147 162 690 81
191.85 194.45 2.60 0.82 111 272 2,266 65
218.85 219.85 1.00 NSV 427 35 183 63
225.40 227.60 2.20 NSV 291 64 347 69
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LR-11-152 167.05 168.85 1.80 1.01 138 295 1,178 73
172.55 174.10 1.55 0.26 167 395 1,936 70
204.80 209.30 4.50 1.59 128 376 1,504 76
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LR-11-153 183.45 186.65 3.20 0.81 58 449 1,173 69
231.05 235.65 4.60 0.86 77 479 2,291 75
263.00 263.90 0.90 NSV 195 316 1,570 84
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LR-11-154 81.90 85.10 3.20 1.23 249 323 1,487 73
141.00 142.15 1.15 NSV 232 207 910 60
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LR-11-155 93.85 106.55 12.70 0.92 110 749 2,155 60
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(i) 1 ppm = 1 g/t
All the samples were sent for analysis in sealed containers to the Chemex laboratory in Val-d'Or by Critical employees. Chemex is the laboratory used for analysis of all samples from exploration program on the Rose Tantalum-Lithium 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.
The Corporation regrets to announce the departure of Daniel Kivari. The Board of Directors thanks Mr. Kivari for his contribution.
Critical Elements Corporation is working toward a future transition from tantalum and lithium exploration company to a development company with project in Quebec and British Columbia, Canada. Critical is engaged in executing its strategic plan, which involves fast-tracking its Rose deposit to the commercial production stage. The wholly-owned Rose deposit is located near Nemiscau, Quebec.
Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Corporation 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
Paradox Public Relations
514-341-0408