COMMUNIQUÉ DE PRESSE

par Critical Elements Lithium Corporation (isin : CA22675W1077)

Critical Elements Lithium Confirms Major Discovery at Rose West with Multiple Wide Lithium-Rich Intercepts

Highlights

  • 1.31% Li2O and 235 ppm Ta2O5 over 40.40 m, including 1.64% Li2O and 219 ppm Ta2O5 over 22.50 m in hole RD-24-20
  • 2.22% Li2O and 95 ppm Ta2O5 over 20.30 m, including 2.78% Li2O and 92 ppm Ta2O5 over 10.50 m in hole RD-24-23A
  • 1.30% Li2O and 142 ppm Ta2O5 over 31.60 m, including 1.59% Li2O and 130 ppm Ta2O5 over 25.50 m in hole RD-24-22
  • 1.43% Li2O and 178 ppm Ta2O5 over 24.95 m, including 1.91% Li2O and 145 ppm Ta2O5 over 13.50 m in hole RD-24-16A
  • 1.16% Li2O and 145 ppm Ta2O5 over 24.30 m, including 1.41% Li2O et 159 ppm Ta2O5 over 10.50 m in hole RD-24-21
  • 1.66% Li2O and 180 ppm Ta2O5 over 12.20 m, including 2.34% Li2O and 153 ppm Ta2O5 over 7.50 m in hole RD-24-07

MONTRÉAL, QC / ACCESSWIRE / April 15, 2024 / Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce the most recent results from the winter 31-hole, 3,670-meter drill program on its 100% owned Rose West Discovery with multiple wide intersections of lithium-rich pegmatites.

The Rose West Discovery ("Rose West") is situated within the Rose and Rose South property blocks (Figure 1), which constitute 395 km2, or only 38% of the total 1,050 km2 in the Corporation's highly prospective exploration portfolio in Québec.

The 2024 winter drill campaign successfully completed 3,670 meters of drilling in 31 holes on the spodumene-bearing pegmatite showings discovered during the 2023 summer prospecting campaign, herein referred to as Rose West. Drilling results to date have demonstrated the continuity of a mineralized pegmatite body, which thus far extends over 450 m strike, 370 m down dip and to a vertical depth of 140 m. In the west, the body is comprised of multiple near surface mineralized pegmatites that range up to an apparent thickness of 12.40 m individually. These bodies appear to coalesce into a more substantial spodumene-bearing pegmatite in the east with an apparent width of up to 40.40 m. The near surface pegmatites appear to strike northwesterly with a gentle dip of 15°, while the thicker pegmatite appears to strike easterly with a near-horizontal dip of 13°. The body is still open in all directions, while the greatest exploration potential appears to be to the east.

New assay results from the drill program have been received for fourteen new drillholes. Several of the new drillhole results returned wide high grade lithium assays, as highlighted:

  • 1.31% Li2O and 235 ppm Ta2O5 over 40.40 m, including 1.64% Li2O and 219 ppm Ta2O5 over 22.50 m in hole RD-24-20
  • 2.22% Li2O and 95 ppm Ta2O5 over 20.30 m, including 2.78% Li2O and 92 ppm Ta2O5 over 10.50 m in hole RD-24-23A
  • 1.30% Li2O and 142 ppm Ta2O5 over 31.60 m, including 1.59% Li2O and 130 ppm Ta2O5 over 25.50 m in hole RD-24-22
  • 1.43% Li2O and 178 ppm Ta2O5 over 24.95 m, including 1.91% Li2O and 145 ppm Ta2O5 over 13.50 m in hole RD-24-16A
  • 1.16% Li2O and 145 ppm Ta2O5 over 24.30 m, including 1.41% Li2O et 159 ppm Ta2O5 over 10.50 m in hole RD-24-21
  • 1.66% Li2O and 180 ppm Ta2O5 over 12.20 m, including 2.34% Li2O and 153 ppm Ta2O5 over 7.50 m in hole RD-24-07
  • 2.16% Li2O and 81 ppm Ta2O5 over 6.70 m in hole RD-24-06
  • 1.55% Li2O and 105 ppm Ta2O5 over 9,00 m, including 2.41% Li2O and 90 ppm Ta2O5 over 4.50 m in hole RD-24-08

In addition to these early intersections of lithium-rich pegmatites, the program also discovered a different style of mineralization associated with an aplite dyke with high grade tantalum values, including 2009 ppm Ta2O5 over 0.70m in hole RD-24-07. A summary of the assay results received to date is presented in Table 1 and in Figures 2 to 7. Results of the last batch of assays will be released as soon as they are received and compiled, as expected over the next few weeks.

"It is very satisfying that assay results continue to confirm the discovery at Rose West, as well as the efficacy of our exploration model," observed Chief Executive Officer of the Corporation, Jean-Sébastien Lavallée. "We look forward to launching follow up drill programs to extend Rose West, Rose Lithium-Tantalum, and the mineralization at Lemare and Duval, not to mention applying our proven exploration model to test new targets identified on Critical Elements' extensive land package." He added, "Management continues to work diligently to deliver a financing package for the Rose Lithium-Tantalum Project that minimizes shareholder dilution."

Table 1: Results from Rose West Discovery 2024 winter drill program

<
Drillhole

UTM NAD 83 ZN18

Length

Azimuth

Dip

From

To

Interval**

Li2O

Ta2O5

Lithology

Easting

Northing

(m)

(°)

(°)

(m)

(m)(m)

(%)

ppm (g/t)

RD-24-01*

411119

5763973

153.00

235

-50

6.80

13.70

6.90

1.61

135

Pegmatite

including

7.70

12.00

4.30

2.17

77

Pegmatite

24.00

25.10

1.10

0.02

571

Aplite

95.10

102.80

7.70

0.03

374

Pegmatite

RD-24-02*

411104

5763903

156.00

325

-50

10.60

19.25

8.65

1.00

285

Pegmatite

including

10.60

15.00

4.40

1.34

376

Pegmatite

100.80

102.20

1.40

0.04

394

Aplite

103.70

104.20

0.50

0.04

339

Aplite

126.30

128.50

2.20

0.04

145

Pegmatite

130.25

133.25

3.00

0.03

153

Pegmatite

145.20

147.10

1.90

0.03

239

Pegmatite

RD-24-03

411105

5763898

114.00

145

-50

PENDING RESULTS

RD-24-04

411145

5763933

111.00

325

-70

16.40

20.20

3.80

1.11

163

Pegmatite

including

18.00

19.20

1.20

2.12

55

Pegmatite

67.60

72.60

5.00

0.94

256

Pegmatite

including

67.60

69.00

1.40

1.92

177

Pegmatite

RD-24-04

103.80

108.00

4.20

2.24

170

Pegmatite

RD-24-05

411188

5763963

51.00

315

-70

24.30

27.25

2.95

0.83

506

Pegmatite

including

24.30

25.65

1.35

1.41

397

Pegmatite

including

26.55

27.25

0.70

0.21

1066

Pegmatite

RD-24-06

411244

5763876

69.00

315

-70

26.60

28.70

2.10

0.14

458

Pegmatite

46.60

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