Critical Elements Start Summer Program on Rocky Mountain Rare Earths Properties
August 03 2011 - 9:40AM
Marketwired
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 president@cecorp.ca Paradox Public
Relations 514-341-0408
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