Critical Elements Start Summer Program on Rocky Mountain Rare Earths Properties
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 08/03/11 -- Critical Elements Corporation (TSX VENTURE: CRE) (OTCQX: CRECF) (FRANKFURT: F12) is pleased to report that the explorations activities have commenced on the Rocky Mountain Rare Metals and Rare Earth properties in southeastern British Columbia. The program will consist of an 1829 line-kilometer airborne, radiometric and magnetic geophysical survey at the Trident, Kin, Hiren and IRC properties. This will be followed by ground prospecting, geological and geochemical surveys on the above properties near Revelstoke BC, and the Munroe property near Canal Flats, BC.
In detail, the ground program will include helicopter assisted stream-sediment sampling, followed by rock sampling during prospecting traverses, and orientation portable XRF-assisted soil sampling in more promising areas. Prospecting and reconnaissance-scale mapping will be completed at each of the project areas in conjunction with the geochemical program. Finally, the best targets in outcrop will be channel sampled for more representative analysis.
The program will build on results stemming from a successful reconnaissance 2010 ground exploration program, which focused on known targets of alkaline intrusive complexes (Trident Mountain, and Ice River Complexes), and new prospective RGS-generated targets (Kin, Hiren, Munroe). Results from the 2010 program returned up to 2.82% Nb2O5 and 500 g/t Ta2O5 from grab samples at Trident Mountain, and 5.26% TREO (total rare earths oxides) and 2.70% Nb2O5 from proximal talus at the Kin property. Numerous, very anomalous stream-silt geochemical anomalies await follow-up examination.
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 new NI 43-101 compliant Indicated resource of 26.5 million tonnes of 1.30% Li2O Eq. or 0.98% Li2O and 163 ppm Ta2O5 and Inferred resource of 10.7 million tonnes of 1.14% Li2O Eq. or 0.86% Li2O and 145 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 hosts a current NI 43-101 compliant 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 by interim 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.
Contacts:
Jean-Sebastien Lavallee, P.Geo.
President and Chief Executive Officer
819-354-5146
Paradox Public Relations
514-341-0408
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Datum: 03.08.2011 - 07:40 Uhr
Sprache: Deutsch
News-ID 1027160
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