Drilling at Croinor Returns 15.11 g/t Au Over 4.1 Meters, 13.12 g/t Au Over 6 Meters and Values up to 50.76 g/t Au
20 Octubre 2011 - 7:30AM
Marketwired
Critical Elements Corporation (TSX
VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) ("Critical Elements") and
Blue Note Mining Inc. (TSX VENTURE:BNT)("Blue Note") are pleased to
announce results from the first five holes of a recently completed
eleven hole diamond drill program at the Croinor project, located
near Val d'Or, Quebec.
The drill program was designed to extend the limits of the
mineralized lenses in the area of the current ore reserves in order
to provide additional definition required for mine planning.
Significant mineralization was found in every hole of the program
ranging from 2.01 g/t Au to 50.76 g/t Au. The best results were
returned from CR-11-413 that included two main mineralized zones
with 15.11 g/t Au over 4.1 meters (3.9 meters true width) from
186.8 to 190.9 and 17.63 g/t Au over 4.3 meters (4.2 meters true
width) from 203.7 to 208.0 meters. Significant mineralized zones
from holes CR-11-409 to CR-11-413 are as follows:
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Hole no. Section Dip From To Length True Width Au
(meters) (meters) (meters) (meters) (g/t)
----------------------------------------------------------------------------
CR-11-409 390-W -66 155.5 157.0 1.5 1.41 6.63
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CR-11-409 162.2 162.9 0.7 0.68 3.78
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CR-11-409 166.4 170.1 3.7 3.58 10.92
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Includes 168.8 170.1 1.3 1.26 19.24
----------------------------------------------------------------------------
Includes 169.6 170.1 0.5 0.48 20.70
----------------------------------------------------------------------------
CR-11-409 176.0 177.0 1.0 1.0 5.64
----------------------------------------------------------------------------
CR-11-410 360-W -60 143.1 145.3 2.2 2.13 2.87
----------------------------------------------------------------------------
CR-11-410 147.6 148.2 0.6 0.58 2.28
----------------------------------------------------------------------------
CR-11-410 186.2 186.8 0.6 0.58 3.22
----------------------------------------------------------------------------
CR-11-411 380-W -56 159.8 160.3 0.5 0.50 2.01
----------------------------------------------------------------------------
CR-11-411 171.9 172.5 0.6 0.59 4.56
----------------------------------------------------------------------------
CR-11-412 390-W -67 147.2 148.0 0.8 0.75 15.08
----------------------------------------------------------------------------
CR-11-413 350-W -65 186.8 190.9 4.1 3.91 15.11
----------------------------------------------------------------------------
Includes 186.8 187.8 1.0 0.95 27.61
----------------------------------------------------------------------------
and 187.3 187.8 0.5 0.48 38.92
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and 190.4 190.9 0.5 0.48 50.76
----------------------------------------------------------------------------
CR-11-413 198.1 198.8 0.7 0.67 4.98
----------------------------------------------------------------------------
CR-11-413 203.7 209.7 6.0 5.87 13.12
----------------------------------------------------------------------------
Includes 203.7 208.0 4.3 4.20 17.63
----------------------------------------------------------------------------
Includes 206.1 207.3 1.2 1.17 32.38
----------------------------------------------------------------------------
CR-11-413 242.7 243.3 0.6 0.58 4.97
----------------------------------------------------------------------------
These results from the drill program continue to demonstrate
continuity of the mineralized lenses and the potential to further
increase reserves at Croinor.
The drill program was carried out by Forages La Virole and was
supervised by InnovExplo personnel under Carl Pelletier P.Geo., a
qualified and independent person as defined under NI 43-101
guidelines. Gold values were determined by fire assay and AAS, or
fire assay and gravimetric analyses if over 3 g/t, at the
Techni-Lab S.G.B. Abitibi Inc. laboratory in Ste-Germaine-Boule,
Quebec.
Arthur Hamilton, P.Geo., Exploration Manager for Blue Note
Mining Inc. is a Qualified Person as defined under NI 43-101
guidelines and has reviewed the technical information contained in
this release.
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.
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company
headquartered in Montreal with properties located in known gold
regions of Canada, including the prolific Val-d'Or region of Quebec
and northern New Brunswick.
Forward-Looking Statements
This news release contains discussion of items that may
constitute forward-looking statements within the meaning of
securities laws that involve risks and uncertainties. Although the
Company believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no
assurances that its expectations will be achieved. Factors that
could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by
government authorities, uncertainties associated with contract
negotiations, additional financing requirements, market acceptance
of the Company's products and competitive pressures. These factors
and others are more fully discussed in Company filings with
Canadian securities regulatory authorities.
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: Critical Elements shareholders, please contact:
Jean-Sebastien Lavallee, P. Geo, President & CEO
819-354-5146president@cecorp.cawww.cecorp.ca Paradox Public
Relations Jean-Francois Meilleur 514-341-0408 Blue Note
shareholders, please contact: Jean Mayer Executive Vice President
(800) 937-3095 x
236jmayer@bluenotemining.cawww.bluenotemining.ca
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