MONTREAL, QUEBEC--(Marketwire - March 16, 2011) - Critical Elements Corporation (News - Market indicators) (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 |
|
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. 
