Critical Elements Corporation

Published : March 27th, 2008

Start a Follow-Up Diamond Drill Program at Croinor

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Keywords :   Diamond | Gold | Lead |
 First Gold Exploration inc. Communiqu� de presse 

Montr�al (Qu�bec), March 27th, 2008 - First Gold Exploration Inc. (TSX Venture Exchange: EFG) ("First Gold") is pleased to announce that It will start another Diamond drill program on the Croinor mining lease under option from X-Ore Resources Inc. (TSX Venture Exchange: XOR).  The Croinor deposit located 75 km by road from Val-d'Or is known to contain an estimated 1,429,075 metric tons of 6.31 G/TM or 289,000 ounces of gold for combined measured and indicated mineral resources at a cut-off grade of 2.00 G/TM in the first 200 meters from surface (NI 43-101 report dated November 2005 - posted on www.sedar.com in 2007 under First Gold's Sedar profile).

In 2007, First Gold completed an additional 8,409 meters of Diamond drilling on the project which was successful in extending and better defining the known gold resource.  Previously reported infill holes CR-07-332A (15.25 grams Au over 4 meters) and CR-07-334 (5.19 grams Au over 10.9 meters) indicate that the quality of the resource has been improved and that the deeper holes CR-07-332A (27.03 grams Au over 2 meters) and CR-07-334 (4.05 grams Au over 6 meters) indicate that a mineralized zone not included in the measured mineral resource does exist below 200 meters from surface.  This new zone has now been identified over a length of 400 meters.  This mineralization as seen above presents a number of high gold grades.

 
First Gold's next drill program will begin in May and will entail a minimum of 5,000 meters which will lead to the preparation of a new NI 43-101 compliant resource. It will consist of:

1)                  more fill-in drilling in the area where the known resource is located;

2)                  7 deeper holes for a total of 2,650 meters to test the continuity of the zone identified below 200 meters; and

3)                  additional drilling laterally to test for more mineralization going both in the East and West directions.

 
While this program is in progress, First Gold and its partner will also commission the preparation of scoping study to determine the optimal location to drive a ramp underground on the project.  At this point, it looks like the best scenario would be to drive the ramp from the bottom of the West Pit, which is roughly 50 meters deep, which would allow immediate access into the mineralized zone thus significantly reducing the cost of the ramp.

Since bulk samples were already taken in 2003 and 2004 from which 8,081 ounces of gold were extracted, no additional metallurgical work will be required (NI 43-101 on pages 34 - 37).  The mineralization is simple and recoveries exceeded 97%. 

The President, Mr. Eric Leboeuf says: "We are happy that we have identified a new mineralized structure last year and now hope that this will add to the known resource and will add to the overall picture.  With gold prices at current levels, we are going to push to go explore underground and find out if it is possible to fast track production.  With a mining lease in place and the fact that we would certainly truck to an existing mill in the area any mineable gold resource, permitting should be rather quick.  Creating value for our shareholders is our main objective and we would like to thank them for their support".

Mr. Pierre O'Dowd, a Qualified Person under NI 43-101 has revised and approved the technical content of this release.  Mr. O'Dowd will supervise the field worked that will be executed on these projects.

 
Eric Leboeuf
President and Chief Executive Officer
(514) 234-6488

 
For more information about First Gold Exploration:

Agoracom IR
Hub Home for First Gold:
http://www.agoracom.com/ir/firstgoldexploration

 Profile for First Gold:
http://www.agoracom.com/ir/firstgoldexplration/profile

 Broker Fact Sheet:
http://www.agoracom.com/company/broker_fact_sheet/563067/Microsoft_powerpoint_-EFG-BFS-Feb25-08.pdf

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

 

                                                                                -30-                                    

©First Gold Exploration inc. - Tous droits r�serv�s
Conception de site Web par Eklyps Solutions Interactives
.

Critical Elements Corporation

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CODE : CRE.V
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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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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
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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
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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
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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
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5/18/2011Environmental Study
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4/4/2008Breaking news
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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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