Critical Elements Corporation Intersects 1.29% Li20 and 275 ppm Ta2O5 Over 5.90 Metres Near Surface
Published : June 09, 2011
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Keywords :   Canada | Gold | Lithium | Market | Niobium |

LAVAL, QUEBEC--(Marketwire - June 9, 2011) - Critical Elements Corporation (News - Market indicators) (OTCQX:CRECF) (FRANKFURT:F12) is pleased to announce the latest results of drilling on the Rose Tantalum-Lithium deposit. The table below shows the results for holes LR-11-167 and LR-11-172 to LR-11-181 drilled to test the eastern extension of the zones. All the holes intercepted the mineralized zones with similar grades to earlier results. Furthermore, some intersections returned particularly high tantalum grades, such as holes LR-11-167, LR-11-172 and LR-11-173, which yielded 549, 338 and 359 PPM TA2O5 respectively.

All these results will be included in the new resource evaluation already in progress.

A map showing the location of the holes drilled on the Rose Tantalum-Lithium project can be found in the Projects section of Critical Elements' website, at http://www.cecorp.ca/en/projects/rose-tantalum- lithium.html.

THE RECENTLY OBTAINED RESULTS ARE AS FOLLOW:

      LENGTH          
HOLE FROM TO ALONG THE Li20 Ta2O5 BeO Rb Ga
      CORE   ppm ppm ppm ppm
No. (m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t)
  25.00 26.70 1.70 0.09 549 154 3611 72
  32.60 38.50 5.90 1.29 275 288 3521 83
LR-11-167 56.65 58.70 2.05 0.55 157 247 1021 72
  95.40 103.75 8.35 1.3 133 536 3042 77
  169.90 174.45 4.55 0.53 101 303 2322 66
  57.05 65.50 8.45 0.62 338 491 2686 65
LR-11-172 87.10 89.60 2.50 0.02 96 402 2470 58
  127.85 136.80 8.95 1.09 101 387 2224 77
LR-11-173 78.05 79.65 1.60 0.3 359 614 4511 56
  84.35 87.75 3.40 0.64 182 361 2405 68
  112.25 114.65 2.40 0.02 246 583 954 49
  154.90 161.75 6.85 0.04 168 516 2391 64
LR-11-174 6.00 8.25 2.25 0.01 209 596 2053 64
  108.65 110.15 1.50 0.02 208 183 3440 75
  194.95 198.10 3.15 0.01 284 224 2155 61
  200.65 202.10 1.45 0.02 232 102 388 60
LR-11-175 93.40 101.15 7.75 0.83 137 267 2278 73
  118.90 126.40 7.50 0.61 242 260 1638 106
LR-11-176 85.20 94.00 8.80 1.06 206 438 3220 74
LR-11-177 8.75 10.50 1.75 0.02 237 1246 2441 68
  125.50 129.15 3.65 0.28 278 453 2351 75
LR-11-178 74.65 78.95 4.3 0.08 160 474 1936 47
  218 224.05 6.05 1.42 103 584 2049 73
LR-11-181 83.55 86.00 2.45 0.18 148 231 5259 52
  109.85 112.95 3.10 0.01 143 242 462 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 micron m. All samples are analyzed using ICP-MS, with full analysis for 47 elements.

ABOUT CRITICAL ELEMENTS CORPORATION

Critical Elements is actively developing its 100%-owned Rose lithium-tantalum flagship project located in Quebec. The project hosts a current Indicated resource of 11.4 million tonnes of 1.34% Li2O and 165 ppm Ta2O5 and Inferred resource of 2.1 million tonnes of 1.27% Li2O and 138 ppm Ta2O5.

Critical Elements has commissioned a prefeasibility study for the project from Genivar, one of the largest independent engineering firms in Canada. Genivar is also doing an environmental study, and Acme Metallurgical Ltd. of Vancouver is carrying out project metallurgy.

Critical Elements' portfolio also includes rare-earth and tantalum-niobium projects in the Rocky Mountains of British Columbia and in Quebec, as well as a 50% interest in the Croinor project, which is located in Quebec and contains a measured and indicated resource of 814,228 tonnes at 9.11 g/t Au, for 238,414 ounces of gold at a 5 g/t cut-off.

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.

Critical Elements Corporation
Jean-Sebastien Lavallee, P.Geo.
President and Chief Executive Officer
819-354-5146
president@cecorp.ca
or
Paradox Public Relations
514-341-0408
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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$ 164.3 millions as of today (US$ 129.0 millions, € 106.8 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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3/9/2011New OTCQX Stock Symbol
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4/4/2008Breaking news
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3/17/2008Increased by 50,000 the number of common shares
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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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