Critical Elements Corporation

Published : February 09th, 2011

Drilling Leads to New Tantalum Discovery on Pivert/Rose

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Keywords :   Niobium |

 

Critical Elements drilling leads to new tantalum discovery on pivert/rose

 

 

 

 

 

First Gold Exploration Inc. (TSX VENTURE:EFG - News; OTCQX:FGEXF) (FRANKFURT:F12 - News) is pleased to report that diamond drilling on the Hydro showing has resulted in the discovery of a near surface tantalum-rich zone that returned significant results for three holes. The best intersection was 400 ppm Ta2O5 over 5.50 metres in Hole HD-10-01. Hole HD-10-02 returned 364 ppm Ta2O5 over 3.80 metres and Hole HD-10-03 returned 553 ppm Ta2O5 over 1.40 metres. The table below shows all the results for the three holes.

 

The Hydro showing lies about 500 metres northeast of the Rose lithium-tantalum deposit where a NI43-101 compliant indicated resources of 11,436,000 tonnes has been report December 14th 2011. The newly towered structured occurs horizontally on surface and dips 20 degrees to 30 degrees to the northeast. Stratigraphically speaking, this horizontal zone lies above the Rose main zone, which is consistent with the geological model established by the technical team. The zone is open to the east, west and north. More drilling will be done in the coming weeks to better delineate this discovery.

 

"This is yet another very important discovery for the Company. With its particularly high grades, this showing will enable us to rapidly increase the size of our tantalum deposit for the Rose project at a low cost." said Jean-Sebastien Lavallee, President and Chief Executive Officer.

 

A map showing the location of the holes drilled on the Pivert/Rose Lithium project can be found in the Projects section of the Company's website, at www.firstgoldexploration.com.

 

As reported previously, drilling on the Rose deposit is ongoing. To date, seven additional holes have been drilled out of a total of 16 holes planned for this phase. These holes are being drilled at a 100-metre grid spacing on the extension of the structure eastward and northward. The 16 holes will cover an area of 1.5 km(2). Following this phase of drilling on the Rose deposit, the Company plans to drill 15 to 20 holes on the JR showing. The Company hopes to include all the new holes drilled during this program in a new resource estimate for the Rose deposit. This estimate may also take into account tantalum-enriched zones that were not included in the previous estimate as the original model was designed for lithium only.

 

The best results obtained to date for the Hydro showing are as follows:

 




--------------------------------------------------------------------------
--------------------------------------------------------------------------
HOLE       FROM     TO  TRUE WIDTH     Ta2O5       BeO        Rb        Ga
#           (m)    (m)         (m) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-01  13.15  18.65         5.5       400       479      2191        64
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-02  10.45  14.25         3.8       364       456      1650        77
                                                                         
          15.45  16.35         0.9       269       379      1290        65
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-03   9.30  10.70        1.40       553        30      1346        68
                                                                          
          50.35  51.85        1.50        99       144      1887        47
--------------------------------------------------------------------------
--------------------------------------------------------------------------

(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 employees of the Company. Chemex is the laboratory used for analysis of all samples from programs on the Lac Pivert/Rose property.

 

In amendment of the February 2, 2011 press release, First Gold has also retained the services of Mr. Peter Tse, a world renowned metallurgist to support the pre-feasibility study. During the past few years, Mr. Tse has managed the development of the metallurgical processing for the Aley Niobium project of Taseko Resources Ltd. He is currently managing the metallurgical studies for the Upper Fir Tantalum-Niobium project of Commerce Resources Inc. For further clarity, Mr. Tse's involvement with Bernic Lake Mine did not include the management of the plant modifications.

 

Exploration First Gold is also pleased to announce that, at its annual general and special meeting held on February 8, 2011, shareholders of the Company approved all the items, including the proposed slate of directors, retention of the auditors and the name change.

 

First Gold also announces that it has increased the number of shares reserved for issuance under its stock option plan by 4,233,946. The number of shares that can be issued under the Plan is now 10,299,737, or 10% of the number of issued and outstanding shares as at January 26, 2011. The increase is subject to the approval of the TSX Venture Exchange.

 

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:

Jean-Sebastien Lavallee, P.Geo.
First Gold Exploration Inc.
Interim President and Chief Executive Officer
819-354-5146
president@firstgoldexploration.com
www.firstgoldexploration.com

 

 

 

 

 

Critical Elements Corporation

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Critical Elements is an exploration gold company based in Canada.

Critical Elements holds various exploration projects in Canada.

Its main exploration properties are MATCHI-MANITOU, ROSE (LAC PIVERT), CROINOR, GATINEAU, LAC SAVIGNY NE and MELASSE in Canada.

Critical Elements is listed in Canada. Its market capitalisation is CA$ 125.8 millions as of today (US$ 96.7 millions, € 81.1 millions).

Its stock quote reached its lowest recent point on August 14, 2009 at CA$ 0.07, and its highest recent level on December 15, 2017 at CA$ 1.86.

Critical Elements has 148 030 000 shares outstanding.

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Annual reports of Critical Elements Corporation
Annual Report 2007
Financings of Critical Elements Corporation
2/21/2013Arranges Non-Brokered Private Placement
4/1/2011ANNOUNCES FINAL CLOSING OF ITS FINANCING
3/4/2011Reports a Partial Closing of its Financing
6/12/2008arranging non-brokered private placements for up of $1,750,0...
Nominations of Critical Elements Corporation
12/1/2010Appointment of Michel Robert and Jean Rainville as directors...
2/15/2008announce the appointment of Mr. Patrick Bradley
Project news of Critical Elements Corporation
6/9/2011INTERSECTS 1.29% LI20 AND 275 PPM TA2O5 OVER 5.90 METRES NEA...
5/26/2011(Rose (lac Pivert))INTERSECTS 1.64% LI20 AND 226 PPM TA2O5 OVER 9.20 METRES NEA...
4/28/2011(Rose (lac Pivert))INTERSECTS UP TO 1.60% LI2O, 427 PPM TA2O5, 749 PPM BEO, 5,1...
3/20/2011(Rose (lac Pivert))Discovers a New Zone in Drilling on the Rose Deposit
2/22/2011(J6l1)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/9/2011(Rose (lac Pivert))Drilling Leads to New Tantalum Discovery on Pivert/Rose
2/2/2011(Rose (lac Pivert))Pre-Feasibility Study Underway for the Rose Deposit
6/3/2010(Rose (lac Pivert))Intersects 1.24% Li2O, 3,532 g/t Rubidium, 208 ppm Ta2O5, 16...
3/27/2008(Croinor)Start a Follow-Up Diamond Drill Program at Croinor
1/24/2008(Croinor)RESOURCE ESTIMATE ON CROINOR
Corporate news of Critical Elements Corporation
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/1/2016Quarterly Activities Report - 30 June 2016
8/1/2016Activities Report to 30 June 2016
7/6/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (TSXV: NR...
7/6/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (tsxv: nr...
6/28/20162016-06-28 Critical Elements Corporation announces strategic...
6/2/20162016-06-02 Critical Elements announces closing of $6 million...
5/18/20162016-05-18 Critical Elements announces $5 million bought dea...
5/6/20162016-05-06 Lepidico exercised Lemare option
5/6/2016Lemare Option Exercised
5/2/2016Activities Report to 31 March 2016
4/28/2016CRITICAL ELEMENTS (TSXV: CRE.V) AND LOMIKO (TSXV: LMR.V) TO ...
4/28/20162016-04-28 Critical Elements (tsxv: cre) and lomiko (tsxv: l...
9/9/20152015-09-09 Critical Elements signs with strategic partner fo...
9/9/2015CORRECTION FROM SOURCE/Critical Elements Signs With Strategi...
9/8/20152015-09-08 Critical Elements signs with strategic partner fo...
9/8/2015IIROC Trading Resumption - CRE
9/8/2015Critical Elements Signs With Strategic Partner for: Off-Take...
9/3/2015IIROC Trading Halt - CRE
6/18/2015Critical Elements Corporation: Annual Meeting
6/16/2015Critical Elements Announces a Closing of $600,300
6/16/20152015-06-16 Critical Elements announces a closing of $600,300
1/16/2015Options Granted
1/16/2015Critical Elements Corporation: Options Granted
12/22/20142014-12-22 Critical Elements announces second closing of $16...
12/22/2014Critical Elements Announces Second Closing of $165,000
12/2/20142014-12-02 Critical Elements announces first closing of $300...
12/2/2014Critical Elements Announces First Closing of $300,000
10/1/2014Critical Elements Confirms the Economic Potential Value of M...
8/14/2014Critical Elements Receives Positive Material Testing Results...
8/7/2014Critical Elements Corporation: Matthew Lauriston Starnes App...
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6/13/2014Critical Elements Corporation: Annual Meeting
5/14/2014Critical Elements Corporation Sends Samples of Lithium Conce...
5/13/2014Critical Elements Corporation Closes the Sale of the Croinor...
9/23/2013Reports Robust Tantalum Recoveries in Optimization Batch Tes...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
8/6/2013Retains SGS Mineral Services in Lakefield to Complete Optimi...
4/11/2013Hires Paradox for IR
3/19/2013Announces Closing of Second Tranche of $604,000
2/12/2013Discovers Extension of JR Zone at 500 Meters West With High ...
11/12/2012Announces Pre-Development Agreement With the Grand Council o...
9/11/2012is Proud to Name Ron MacDonald as Executive Chairman and to ...
7/12/2011Initiates the Environmental Impact Assessment for the Rose T...
5/18/2011Environmental Study
3/9/2011New OTCQX Stock Symbol
2/17/2011First Gold Changes its Name to Critical Elements
4/4/2008Breaking news
3/24/2008Announce that is has started the application process for a F...
3/17/2008Increased by 50,000 the number of common shares
2/28/2008Announce the nomination of Mr. Denis Simoneau as Chairman
2/8/2008Increased by 479,550 the number of common shares
1/31/2008Announce that Mr. Eric Leboeuf has been appointed President ...
12/20/2007Breaking news
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