Critical Elements Corporation.
TSX VENTURE : CRE
FRANKFURT : F12
OTCQX : CRECF

Critical Elements Corporation.

March 16, 2011 15:04 ET

Critical Elements Corporation Discovers a New Zone in Drilling on the Rose Deposit

MONTREAL, QUEBEC--(Marketwire - March 16, 2011) - 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:

HOLE FROM     TO   TRUE WIDTH   Li20   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.

The recently-obtained results are as follows:

HOLE FROM   TO   TRUE WIDTH   Li20   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.

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.

Contact Information

  • Critical Elements Corporation
    Jean-Sebastien Lavallee, P.Geo.
    President and Chief Executive Officer
    819-354-5146
    president@cecorp.ca