Neuste Beiträge aus: Critical Elements - .....oder wie "First Gold" sich entwickelt hat

Painting a rosy picture of lithium and tantalum

by Frik Els | January 17, 2013

http://www.mining.com/painting-a-rosy-picture-of-lithium-and…

Public Comments Invited on Critical Elements' Rose Mining Project

By Midnight Trader | December 27, 2012, 11:20:32 AM EDT
http://www.nasdaq.com/article/public-comments-invited-on-cri…



Public Notice

Rose Mining Project
Federal Funding Available

Canadian Environmental Assessment Agency | December 27, 2012

http://www.ceaa-acee.gc.ca/050/document-eng.cfm?document=842…

"Critical Elements eyes path to production"


DAILY NEWS Oct 19, 2012


“You know when you find a mine in your life, you are lucky,” says Jean-Sébastien Lavallée, president and CEO of Critical Elements (CRE-V), which is advancing a bankable feasibility study on the Rose tantalum-lithium project in the James Bay area of northern Quebec.

Lavallée, a third-generation miner and geologist by training, is striving for that good fortune by putting the property that he vended to Critical Elements in 2009 through his family-owned Val d’Or-based consulting firm into production as early as mid-2014.

Believing so much so in the prospect, Lavallée, who joined Critical Elements, formerly known as First Gold Exploration, as a director in 2009, took over the company’s reins a year later and subsequently recruited new technical muscle to steer the project forward.

Over the past three years Critical Elements has drilled over 26,000 metres, published two resource calculations, a preliminary economic assessment (PEA), and is finalizing an environmental impact study and offtake discussions, enthuses Lavallée.

Confident with the PEA released last November, the junior jumped straight into a feasibility study, so it could quickly bring the project on stream and benefit from the rising demand in tantalum and lithium.

The company states that in the past year there has been a growth in demand for battery-grade material in the hybrid/electric vehicles, electronics and energy storage markets owing to renewable energy policies in China, Japan and the United States.

The current spot price in China for battery-grade lithium carbonate ranges from US$6,290 to US$6,600 per tonne, up from the US$6,000-price used in the company’s 2011 PEA.

There is also a growing need for tantalum as laws, such as the recent U.S. Dodd-Frank Act, forbid companies from using tantalum that was illegally extracted in the Democratic Republic of the Congo, or adjoining countries, increasing the appetite for ethically-sourced or “conflict free” tantalum, explains Lavallée.

Once in production, the company says the Rose mine should be “the first new significant producer of tantalum in over 20 years.”

According to the PEA, the 4,600-tonne-per-day open-pit operation should deliver 452,000 tonnes of lithium carbonate and 3.5-million lbs. of Ta2O5 over its estimated 17-year life.

The mine carries an after-tax internal rate of return of 25% and a net present value of $279 million using an 8% discount and prices of US$118 per lb. Ta2O5 and US$6,000 per tonne lithium carbonate.

The project hosts 26.5 million tonnes of 0.98% Li2O and 163 ppm Ta2O5 in indicatedand 10.7 million tonnes of 0.86% Li2O and 145 ppm Ta2O5 in inferred.

Critical Elements aims to wrap up the feasibility study by the first quarter of 2013 and start construction by the middle of that year, with production targeted for mid-2014 or mid-2015, says Lavallée.

Meanwhile, it is arranging project financing for the $268-million project and is finalizing offtake agreements with lithium carbonate and tantalite buyers.

Lavallée estimates the contract for tantalum should be in place in the next two to three months and for lithium within six months.

While the offtake agreements should cover a portion of the project’s start-up costs, the company anticipates receiving some funding from the provincial government.

“We’ve got big support from the Quebec government. We have been working with the Quebec government for two years to prepare project financing and expect to get some debt from them,” says Lavallée.

He adds the project is well-located, with access to road and power. “So we are very lucky with this project.”

Lavallée and his father, who heads the family consulting business and isn’t part of Critical Elements, together own 12 million shares or 11% of the junior.

The company recently closed at 23¢, within a 52-week range of 9¢-27.5¢. It has 110.7 million shares outstanding.


http://www.northernminer.com

Antwort auf Beitrag Nr.: 43.594.795 von hbg55 am 12.09.12 12:32:24


....uuuuund der wochenanfang sieht schon mal ganz verheissungsvoll aus, nachdem
unser baby auf TH den handel beschlieszt..........


Recent Trades - Last 10 of 275
Time ET Ex Price Change Volume Buyer Seller Markers

15:45:05 V 0.265 0.035 15,000 19 Desjardins 79 CIBC KW
15:45:05 V 0.265 0.035 5,000 19 Desjardins 19 Desjardins KW
15:44:24 V 0.26 0.03 1,000 2 RBC 1 Anonymous K
15:44:24 V 0.26 0.03 1,000 2 RBC 1 Anonymous K
15:44:24 V 0.26 0.03 2,000 2 RBC 99 Jitney K
15:44:24 V 0.26 0.03 11,000 2 RBC 33 Canaccord K
15:44:05 V 0.26 0.03 9,000 64 Octagon 33 Canaccord K
15:44:05 V 0.26 0.03 6,000 64 Octagon 1 Anonymous K
15:44:05 V 0.26 0.03 15,000 64 Octagon 80 National Bank K
15:41:08 V 0.255 0.025 5,000 7 TD Sec 99 Jitney K

Antwort auf Beitrag Nr.: 43.591.744 von hbg55 am 11.09.12 18:34:14


.....mit nachfolg. meldung rundet sich jüngste entwicklung schööööön UP
und weckt hoffnungen auf MEHR..........



Critical Elements Corporation is Proud to Name Ron MacDonald as Executive Chairman and to Benefit From his Asia Battery Expertise

MONTREAL, QUEBEC--(Marketwire - Sept. 11, 2012) - Critical Elements Corporation (TSX VENTURE:CRE) (OTCQX:CRECF) (FRANKFURT:F12) is proud to name Ron MacDonald as the Company's Executive Chairman and thus advance off-take negotiations.

Mr. Macdonald is well known within the global green energy and emerging battery storage industries, particularly for his knowledge of the rising demand for the Asian markets. He has spoken internationally on the demand drivers in these markets and has been working to secure the key components required to feed this growing requirement.

Mr. MacDonald has also developed a close working relationship with the end users of these commodities, which gives Critical Elements Corporation a distinct advantage in advancing its large Quebec-based Lithium-Tantalum deposit toward production.............


http://tmx.quotemedia.com/article.php?newsid=54196289&qm_sym…

Antwort auf Beitrag Nr.: 43.590.387 von hbg55 am 11.09.12 14:24:25

bei solch einer unterstützung darf man gespannt sein, wie sich kurs
weiter entwickelt.......





akt.....cad 0,205

Antwort auf Beitrag Nr.: 43.581.134 von hbg55 am 07.09.12 19:51:48.....und nach CEO kauft nun auch ein weiterer insider im public market
dazu..........


As of 11:59pm ET September 10th, 2012


Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Price


Sep 10/12 Sep 7/12 Robert, Michel Direct Ownership Common Shares 10 - Acquisition in the public market 17,800 $0.205

Sep 3/12 Aug 30/12 Lavallée, Jean-Sébastien Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.165


http://www.canadianinsider.com/node/7?menu_tickersearch=cre

Antwort auf Beitrag Nr.: 41.265.874 von hbg55 am 25.03.11 12:06:13


mit bisherigem TH von 0,215 standen wir sogar schon kurz vorm jahreshoch.....


Recent Trades - Last 10 of 176
Time ET Ex Price Change Volume Buyer Seller Markers

13:10:32 V 0.205 0.025 300 19 Desjardins 36 Latimer E
13:10:20 V 0.205 0.025 1,000 1 Anonymous 33 Canaccord K
13:10:20 V 0.205 0.025 3,000 1 Anonymous 33 Canaccord K
13:10:20 V 0.205 0.025 2,500 19 Desjardins 33 Canaccord K
13:10:20 V 0.205 0.025 7,000 80 National Bank 33 Canaccord K
13:10:20 V 0.205 0.025 23,000 19 Desjardins 33 Canaccord K
13:10:20 V 0.205 0.025 10,000 33 Canaccord 33 Canaccord K
12:56:32 V 0.21 0.03 2,500 85 Scotia 85 Scotia K
12:56:28 V 0.21 0.03 3,000 85 Scotia 85 Scotia K
12:56:28 V 0.21 0.03 4,000 85 Scotia 85 Scotia K

Antwort auf Beitrag Nr.: 43.533.347 von Wellaflex am 25.08.12 17:27:10
.....nunja, nach solch pos. PR ists nicht so gaaaaanz überraschend


Critical Elements: SECOR Recommends the Rose Site as the Location of the Lithium Carbonate Secondary Processing Plant

MONTREAL, QUEBEC--(Marketwire - Aug. 30, 2012) - Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to report on the results of the location study confirming the Rose property as the most favourable site for the construction of its secondary transformation plant to produce lithium carbonate. The full study will be included in the final feasibility report, and will be available once the feasibility study is complete. Critical Elements Corporation is presently conducting a feasibility study on the construction of a mine and a processing plant to feed a secondary transformation plant that will produce lithium carbonate destined primarily for the manufacturing of batteries for electric cars, as well as for the energy storage market (electric, wind, solar and hydraulic power).

SECOR was retained by Critical Elements Corporation to conduct a location study for its future carbonate processing plant for its Rose mining project. More specifically, SECOR was to determine whether there were other possible locations for the lithium carbonate secondary transformation plant than the Rose site.......


http://tmx.quotemedia.com/article.php?newsid=53910160&qm_sym…

Sieht so aus als ob wieder Bewegung bei den Lithium-Playern.
Das hat sicher auch etwas mit dem Buyout der Kanadischen Talison Lithium zu tun. Sehen wir mal was die Zukunft bringen wird.

PRESS RELEASES 2/28/2012 1:15:00 PM | Marketwire News
Critical Elements Corporation: Strategic Analysis Linked to Rollout of Secondary Carbonate Processing Plant for the Rose Mining Project
February 28, 2012 - 01:15:00 PM MONTREAL, QUEBEC--(Marketwire - Feb. 28, 2012) - Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is actively working on development of the Rose mining project, which includes construction of a primary processing plant as well as a secondary processing plant for lithium carbonate. The planning process for the latter facility is well underway and Critical Elements is planning rollout of the lithium carbonate secondary processing plant.

Critical Elements therefore has commissioned SECOR to conduct a strategic analysis linked to rollout of the secondary processing plant. SECOR will work in conjunction with the Critical Elements management team to determine the key factors for success and the optimal framework for operating the plant. The findings of this analysis will be available to Critical Elements senior management in May 2012.

Jean-Sebastien Lavallee, President & CEO of Critical Elements, is very pleased with this joint initiative: "We want the Rose project to become a driving force in wealth creation for Quebec, especially for the local communities that will host our operations, as well as for our employees and shareholders. The Rose mining project will benefit from SECOR's experience and from its team in the Quebec and international mining sectors."

About SECOR

Founded in Quebec more than 35 years ago, SECOR is the largest independent strategic consulting firm in Canada. The company's mission is to support management teams making strategic decisions that will have a major impact on success of their organization. With recognition for its unique approach to strategy in both the private and public sectors, SECOR has consistently earned distinction for its concern with and ability to identify the major strategic issues of an organization or industry, while factoring in the organizational, economic and financial impact resulting from the directions chosen.

PRESS RELEASES 2/23/2012 10:44:01 AM | Marketwire News
Critical Elements Corporation: Annual Meeting
February 23, 2012 - 10:44:01 AM MONTREAL, QUEBEC--(Marketwire - Feb. 23, 2012) - Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to cordially invite you to its annual and special meeting of shareholders. The meeting will be held March 9, 2012 at 1:00 p.m. at the Saint-James Club, 1145 Union Avenue, Montreal, Quebec, for the following purposes:



-- To submit to the shareholders the Company's financial statements for the
fiscal year ended August 31, 2011, as well as the related auditor's
report;

-- To elect the directors of the Company;

-- To appoint the Company's auditors and authorize the board of directors
to fix their remuneration;

-- Approval of the shareholders' rights plan; and

-- To consider any other matter that might properly come before the
meeting.

Critical Elements names MacDonald as director

2012-01-05 11:18 ET - News Release

Mr. Jean-Sebastien Lavallee reports

CRITICAL ELEMENTS CORPORATION : STRATEGIC METALS MARKETING EXPERTS JOIN THE COMPANY

Critical Elements Corp. has appointed Ron MacDonald as a director of the company and Mark Baggio as a consultant.

Mr. MacDonald is a graduate of Dalhousie University in Halifax, N.S. He spent two years as senior assistant to the Canadian Minister of Foreign Affairs and Deputy Prime Minister and two years as Chief of Staff to the Leader of the Government in the Senate of Canada. From 1988 to 1997, Mr. MacDonald was the Member of Parliament for Halifax, N.S., during which time he was appointed by the Prime Minister of Canada as Parliamentary Secretary of International Trade. In 1997 to 2002, Mr. MacDonald was president and chief executive officer of the Council of Forest Industries, the largest lumber manufacturing, grading and marketing group, during which time he became a founding member and director of Canada Wood, which developed wood markets in China, Korea, India and Japan. From 2003 to 2006, he was senior adviser, international market development, to the president and chief executive officer of Canfor Ltd., Canada's largest lumber manufacturer.

In 2006, Mr. MacDonald became president and chief executive officer of Cansource International, a natural-resource-focused international marketing and strategic management consultancy. He currently acts in the capacity of vice-chairman of American Vanadium and senior council, global markets, for Commerce Resources Ltd., as well as strategic political adviser to Western Potash. Mr. MacDonald has been a contributing member of the OECD committee developing international guidelines for tantalum end-users, as well as a member of the EICC committee developing guidelines for its global tantalum smelter verification program. Mr. MacDonald has also been a contributor to the EU Commission Framework 7 policy paper on scarcity of strategic minerals and a presenter at conferences in the United States, Canada and Asia on critical, strategic and rare earth markets.

Mr. Baggio founded Cansource Marketing, a company specialized in global strategic advice, governance and marketing services to unique natural resource companies, in 2006. Since then, he has provided advice to British Columbia-based lumber corporations with the aim of building international markets and international product-expansion initiatives. He has also developed and implemented a very successful global marketing program for a major Canadian fishery.

In the last four years, he has worked extensively in the rare and critical resource space, developing and implementing global market and financing programs for Canadian mining companies. As an independent consultant and representative of companies with unique assets, Mr. Baggio has introduced, presented and negotiated for clients in international forums, symposiums and to the Asian financial community, assisting in arranging investment capital. He has also been a member of the OECD committee that developed the new international due diligence guidelines, as well as contributing to the Electronic Industry Citizenship Coalition (EICC) committee dealing with ethical sourcing of materials used in its product production.

"With their many years of experience, Ron MacDonald and Mark Baggio add solid international market expertise and a broad network of contacts to Critical Elements Corp.," said Jean-Sebastien Lavallee, company president and chief executive officer. "Their work experience in many industries, including critical metals, will contribute greatly the company's growth."

Mr. MacDonald and Mr. Baggio will each receive 500,000 stock options of the company. Each option entitles its holder to acquire one share of the company at 15 cents for a five-year period.

Critical Elements also announces that the preliminary economic assessment (PEA) for its 100-per-cent-owned Rose tantalum-lithium deposit located in the James Bay area of Northern Quebec will be deposited on SEDAR today.

HKDP Communications and public affairs

The company is also pleased to announce that it has appointed public relations firm HKDP Communications and public affairs to provide it with media relations support. HKDP is a wholly owned subsidiary of Hill & Knowlton, a world leader in public affairs and communications. The agreement include a monthly basis fee of $4,500.

Antwort auf Beitrag Nr.: 41.857.688 von hbg55 am 28.07.11 11:35:22auf jeden fall ist es eine basis-verbesserung, hier könnte noch was gehen, also ein doppler von dem jetzigen niveau müsste dieses jahr noch drin sein!

Antwort auf Beitrag Nr.: 41.857.216 von nicolani am 28.07.11 10:28:39guuuuut denkbar............denn nach gestrigem res.- UPDATE des ROSE deposits schauts
immmmer besser aus.............


Critical Elements: The Rose Deposit is One of the Largest Resources of "Conflict Free" Tantalum, With a New Indicated Resource of 26,500,000 Tonnes at 1.30% Li2O Eq or 0.98% Li2O, 163 ppm Ta2O5

Jul. 27, 2011 (Marketwire Canada) --

MONTREAL, QUEBEC -- CRITICAL ELEMENTS CORPORATION (TSX VENTURE:CRE) (OTCQX:CRECF) (FRANKFURT:F12) is pleased to report an update to the independent resource estimate for its Rose deposit, James Bay, Quebec.

The Rose deposit now consists of 26,500,000 tonnes of indicated resources containing 1.30% Li2O Equivalent (Eq) or 0.98% Li2O (259,700 tonnes of Li2O or 642,238 tonnes of Li2CO3 Eq), 163 ppm of Ta2O5 (9,514,317 pounds of Ta2O5) and 10,700,000 tonnes of inferred resources containing 1.14% Li2O Equivalent (Eq) or 0.86% Li2O (92,020 tonnes of Li2O or 227,565 tonnes of Li2CO3 Eq), 145 ppm Ta2O5 (3,417,400 pounds of Ta2O5). The resource was compiled using a cut-off grade of 41$/t for the open pit model and 66$/t for the underground model (taking Li and Ta recovery into consideration) based on the current estimation of the resource and market conditions. The NI-43-101 compliant technical report will be available on SEDAR within the next 45 calendar days.

This new indicated resource represents an increase of 131% in tonnage, 129% in Ta2O5 and 69% in Li2O. The new inferred resources represent an increase of 393% in tonnage, 418% in Ta2O5 and 234 % in Li2O.

The current resource estimate demonstrates that the Rose deposit is one of the more important resources of "ethical" tantalum. The resources are contained in twenty-three (23) subhorizontal pegmatites, at and near surface. The thickness of the zones varies from 2m to 21m.

"With an indicated resource of 642,238 tonnes of lithium carbonate and 9,514,317 pounds "Conflict Free" of Ta2O5, Critical Elements have now the potential to become a major player at the global scale of supply of strategic elements.


There is an excellent potential to increase the size of the deposit at Rose itself and at the nearby additional showings on the Rose property, considerably and quickly", stated Jean- Sébastien Lavallée, President & CEO of Critical Elements Corporation.


Highlights of the 43-101 property report, prepared by InnovExplo Inc., independent consulting firm include the following: ................


http://tmx.quotemedia.com/article.php?newsid=43311135&qm_sym…

jetzt geht's los!!

MARCH 30, 2011 - MONTREAL, QUEBEC - Critical Elements Corporation (TSX.V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that it has closed of a non-brokered private placement for an additional $150,000, bringing the total financing to $1,624,200 (see press release dated March 4, 2011 and March 18, 2011).

The Company issued 500,000 common share units at a subscription price of $0.30 per unit for total gross proceeds of $150,000. Each unit consists of one common share priced at $0.30 and half a warrant. Each warrant entitles its holder to purchase one common share of the Company at $0.45 for a 12-month period following the closing of the private placement.

The common shares are subject to a four-month hold period from closing.

The proceeds of this private placement will be used for working capital and/or property development purposes.

The Company has sufficient funds to complete the prefeasibility study and continue its efforts to increase the resource on the Rose project. An exploration program is also planned for its projects in British Columbia.

Form more information, contact:
Jean-Sébastien Lavallée, P.Geo
President and CEO
819 824-2425
president@cecorp.ca
www.cecorp.ca

falsches Forum ?

nunja......mit namens- änderung hat sich, zumindest bislang, KEINE positive
kurs- entwicklung eingestellt




SK gestern....cad 0,245

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:

Mr. Jean-Sebastien Lavallee reports

CRITICAL ELEMENTS CORPORATION DISCOVERS A NEW ZONE IN DRILLING ON THE ROSE DEPOSIT

A new zone has been discovered in drilling on Critical Elements Corp.'s Rose deposit. The new zone is located stratigraphically above the southeast Rose zone, in its east-southeast extension. To date, 25 holes have been drilled on a 100-metre drill grid instead of the 50-metre grid used for earlier holes (LR-10-140 to LR-11-165, not included in the last resource estimate). All these holes intersected mineralized zone. This 100-metre drill grid will allow for a rapid increase in resources. The results obtained to date for these holes are shown in a table.

RECENTLY OBTAINED RESULTS

True
Hole From To width Li20 Ta2O5 BeO Rb Ga Cs
No. ppm ppm ppm ppm ppm
(m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t) (g/t)

LR-11-144 110.05 119.65 9.60 0.91 136 348 2,447 64 101
131.40 137.45 6.05 1.17 82 385 1,730 64 69
LR-11-145 137.15 151.15 14.00 0.98 78 298 1,882 70 73
159.70 163.00 3.30 0.6 99 311 2,423 70 89
LR-11-146 140.10 147.55 7.45 0.28 136 281 3,058 67 96
162.85 175.90 13.05 1.47 100 494 2,306 61 62

The remainder is available to Stockwatch subscribers. Click the yellow link above for a free trial subscription.

MARCH 9, 2011 - MONTREAL, QUEBEC - Critical Elements Corporation (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that, subsequent to its recent name change, its stock symbol for the OTC Markets Group Inc. has been changed to CRECF. The new symbol is in effect as of today.

For more information, contact
Jean-Sébastien Lavallée, P.Geo
President and CEO
819-354-5146
president@cecorp.ca

http://www.cecorp.ca/en/

MARCH 4TH, 2011 - MONTRÉAL, QUEBEC - Critical Elements Corporation (TSX.V: CRE) (US OTCQX: FGEXF) (FSE: F12) is pleased to announce that it has closed on a portion of a non-brokered private placement, for an amount of $1,077,900.

The Company has issued 3,592,999 units of common shares at a price of $0.30 per share for gross proceeds of $1,077,900. Each unit consists of one common share priced at $0.30 and half a warrant to purchase a common share of the Company. Each warrant entitles its holder to purchase one common share of the Company at $0.45 for a 12-month period after closing of the private placement.

The Company has paid $60,072 in commissions on the private placement, along with 200,240 compensation options, each entitling its holder to acquire one common share at $0.45 for a 12-month period after closing of the private placement.

The common shares are subject to a four-month hold period from the date of closing.

The Company is pursuing its efforts to complete this private placement for up to $2,000,000.

Proceeds of the private placement will be used for property development and/or working capital purposes.

Company insiders subscribe for 7% of the total amount of the financing.

For more information, contact
Jean-Sébastien Lavallée, P.Geo
President and CEO
819-354-5146
president@cecorp.ca

Antwort auf Beitrag Nr.: 41.085.671 von vondir-andich am 22.02.11 17:17:37also die tantal werte zwischen 350 und 550 ppm Ta2O5 sind weltklasse

bin schon sehr gespannt, wie es hier weitergeht...

First Gold Exploration Inc.: Drilling Leads to New Tantalum Discovery on Pivert/Rose

LAVAL, QUEBEC, Feb 09, 2011 (MARKETWIRE via COMTEX News Network) --

First Gold Exploration Inc. (TSX VENTURE: EFG) (OTCQX: FGEXF) (FRANKFURT: F12) is pleased to report that diamond drilling on the Hydro showing has resulted in the discovery of a near surface tantalum-rich zone that returned significant results for three holes. The best intersection was 400 ppm Ta2O5 over 5.50 metres in Hole HD-10-01. Hole HD-10-02 returned 364 ppm Ta2O5 over 3.80 metres and Hole HD-10-03 returned 553 ppm Ta2O5 over 1.40 metres. The table below shows all the results for the three holes.

The Hydro showing lies about 500 metres northeast of the Rose lithium-tantalum deposit where a NI43-101 compliant indicated resources of 11,436,000 tonnes has been report December 14th 2011. The newly towered structured occurs horizontally on surface and dips 20 degrees to 30 degrees to the northeast. Stratigraphically speaking, this horizontal zone lies above the Rose main zone, which is consistent with the geological model established by the technical team. The zone is open to the east, west and north. More drilling will be done in the coming weeks to better delineate this discovery.

"This is yet another very important discovery for the Company. With its particularly high grades, this showing will enable us to rapidly increase the size of our tantalum deposit for the Rose project at a low cost." said Jean-Sebastien Lavallee, President and Chief Executive Officer.

A map showing the location of the holes drilled on the Pivert/Rose Lithium project can be found in the Projects section of the Company's website, at www.firstgoldexploration.com.

As reported previously, drilling on the Rose deposit is ongoing. To date, seven additional holes have been drilled out of a total of 16 holes planned for this phase. These holes are being drilled at a 100-metre grid spacing on the extension of the structure eastward and northward. The 16 holes will cover an area of 1.5 km(2). Following this phase of drilling on the Rose deposit, the Company plans to drill 15 to 20 holes on the JR showing. The Company hopes to include all the new holes drilled during this program in a new resource estimate for the Rose deposit. This estimate may also take into account tantalum-enriched zones that were not included in the previous estimate as the original model was designed for lithium only.

The best results obtained to date for the Hydro showing are as follows:


-----------------------------------------------------------------------
---
-------------------------------------------------------------------
-------
HOLE FROM TO TRUE WIDTH Ta2O5 BeO Rb Ga
# (m) (m) (m) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-01 13.15 18.65 5.5 400 479 2191 64
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-02 10.45 14.25 3.8 364 456 1650 77
15.45 16.35 0.9 269 379 1290 65
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HD-10-03 9.30 10.70 1.40 553 30 1346 68
50.35 51.85 1.50 99 144 1887 47
--------------------------------------------------------------------------
--------------------------------------------------------------------------

(i) 1 ppm = 1 g/t

All the samples were sent for analysis in sealed containers to the Chemex laboratory in Val-d'Or by employees of the Company. Chemex is the laboratory used for analysis of all samples from programs on the Lac Pivert/Rose property.

In amendment of the February 2, 2011 press release, First Gold has also retained the services of Mr. Peter Tse, a world renowned metallurgist to support the pre-feasibility study. During the past few years, Mr. Tse has managed the development of the metallurgical processing for the Aley Niobium project of Taseko Resources Ltd. He is currently managing the metallurgical studies for the Upper Fir Tantalum-Niobium project of Commerce Resources Inc. For further clarity, Mr. Tse's involvement with Bernic Lake Mine did not include the management of the plant modifications.

Exploration First Gold is also pleased to announce that, at its annual general and special meeting held on February 8, 2011, shareholders of the Company approved all the items, including the proposed slate of directors, retention of the auditors and the name change.

First Gold also announces that it has increased the number of shares reserved for issuance under its stock option plan by 4,233,946. The number of shares that can be issued under the Plan is now 10,299,737, or 10% of the number of issued and outstanding shares as at January 26, 2011. The increase is subject to the approval of the TSX Venture Exchange.

Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and President and Chief Executive Officer 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.

First Gold Exploration Inc.: Namensänderung
18.02.2011 | 13:01 Uhr | Rohstoff-Welt.de
Das Unternehmen gab gestern eine Namensänderung von First Gold Exploration Inc. zu Critical Elements Corporation bekannt. Nachdem die Aktionäre Anfang Februar dem neuen Namen zugestimmt haben, wird das Unternehmen an der TSX Venture Exchange ab heute unter diesem Namen gehandelt.

Das neue Symbol lautet "CRE".

Das Unternehmen wird in den nächsten Tagen seine neue Website unter www.cecorp.ca präsentieren.