Critical Elements Corporation Intersects 1.64% Li20 and 226 ppm Ta2O5 Over 9.20 Metres Near Surface
Published : May 24, 2011
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Keywords :   Canada | Gold | Lithium | Market | Niobium |

LAVAL, QUEBEC--(Marketwire - May 24, 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-11-156 to LR-11-171 (except for Hole LR-11-167), 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-11-160, LR-11-164, LR-11-166 and LR-11-169, which yielded 405, 483, 483 and 466 PPM TA2O5 respectively. Furthermore, the results of six other holes drilled on the JR showing confirm the potential for resource delineation at that showing. With the exception of Hole JR-11-16, for which results are still pending, all these holes returned significant lithium and tantalum values.

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)
LR-11-156  28.75 31.55   2.8 0.33 348 734 2629 61
  122.75 135.3   12.55 1.14 64 291 2186 67
  188.15 188.95   0.8 0.02 342 484 810 76
LR-11-157  150.45 155.70   5.25 1.22 101 543 1946 74
  166.05 174.75   8.70 0.42 75 241 2955 55
LR-11-158 20.25 24.5   4.25 0.97 286 403 2337 81
LR-11-159 131.35 145.35   14.00 1.29 66 464 2497 71
LR-11-160  32.00 35.20   3.20 0.91 405 434 2608 73
  53.35 56.80   3.45 0.93 387 375 2104 96
  122.50 133.15   10.65 1.22 105 443 2712 72
LR-11-161 83.55 90.95   7.40 1.41 85 365 2470 73
LR-11-162  44.95 55.2   10.25 1.55 161 301 1738 77
  119.65 122.3   2.65 0.01 204 376 2767 62
LR-11-163  14.60 18.25   3.65 0.97 319 303 2120 67
  45.90 55.10   9.20 1.64 226 306 2675 79
  134.85 139.75   4.90 0.93 114 388 2216 77
LR-11-164 16.65 20.15   3.5 1.02 300 238 2517 73
  24.3 25.65   1.35 0.09 293 415 800 65
  51.05 54.7   3.65 1.26 197 372 1345 67
  79.75 81.15   1.4 0.12 466 184 3123 79
  88.25 90.15   1.9 0.02 483 310 3903 59
  150.05 161.9   11.85 0.71 82 392 2704 67
LR-11-165 26.10 28.50   2.40 0.19 246 270 2608 51
  43.00 47.20   4.20 0.15 285 165 2985 57
  143.95 146.55   2.60 0.01 132 286 132 56
  161.70 173.70   12.00 1.77 67 500 1507 73
LR-11-166  31.25 32.65   1.40 0.54 232 241 2930 76
  42.65 48.10   5.45 0.77 167 468 2538 76
  114.35 116.45   2.10 0.03 483 285 2690 80
  179.85 185.20   5.35 0.69 62 406 2379 78
LR-11-168 21.15 29.80   8.65 1.02 254 365 3109 66
  83.30 91.05   7.75 1.25 154 450 3419 72
LR-11-169 15.90 20.25   4.35 0.57 250 359 3516 68
  23.45 25.50   2.05 0.01 466 250 2051 78
  57.00 59.90   2.90 0.77 78 430 2060 70
  66.55 73.75   7.20 1.11 249 366 2755 73
LR-11-170 55.45 58.75   3.30 0.98 164 362 1174 74
  62.50 66.15   3.65 0.43 379 476 1745 70
LR-11-171 64.75 67.05   2.30 0.02 357 364 2416 55
  69.95 74.60   4.65 0.4 223 424 1689 75
  112.55 119.35   6.80 0.89 172 563 2280 72
JR-11-13 31.70 36.90   5.20 0.5 103 106 1454 32
  48.80 52.90   4.10 0.66 88 314 2150 47
  56.20 58.85   2.65 0.57 119 432 1552 49
JR-11-14 31.75 36.95   5.20 1.41 120 358 1850 58
  44.20 47.75   3.55 0.27 78 391 2867 48
  50.90 52.10   1.20 0.7 107 347 1560 70
  74.10 75.65   1.55 0.04 120 261 1270 48
JR-11-15  40.15 42.75   2.60 0.67 149 450 2621 69
  57.55 59.85   2.30 0.15 117 656 3116 60
JR-11-17 55.55 58.05   2.50 0.37 105 254 1662 63
  63.65 66.80   3.15 0.93 145 492 2336 57
JR-11-18  42.80 48.95   6.15 0.83 98 549 2325 69
  61.00 64.90   3.90 0.95 74 347 1894 67
* 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.

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
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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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