Critical Elements Lithium Commences Summer Exploration Program

MONTREAL, QC / ACCESSWIRE / July 19, 2022 / Critical Elements Lithium Corporation (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce that a summer exploration program is underway on its highly prospective, 700 square kilometre land portfolio, including resource expansion drilling on the advanced Rose Lithium-Tantalum Project ("Rose" or "Rose Project").

The Corporation commenced a surface exploration program on the Nemaska belt portion of the portfolio in early June and plans to pursue a prospecting, mapping, and sampling program until late August. Goldspot Discoveries Corp. ("Goldpspot") has been mandated to complete the targeting work that was initiated in 2021, to extend coverage to the entire 100%-owned portfolio using Artificial Intelligence ("AI") to assess potential target areas.

In addition to the AI program, Goldspot has also been mandated to conduct the ground-truthing surface exploration program. This program will include prospecting and sampling of previously identified targets from the 2021 program (see press release dated September 7, 2021), as well as systematic prospecting and sampling of the remaining properties.

In addition to the commencement of surface exploration programs, Critical Elements is pleased to announce it has received drilling permits for the Rose projects. A diamond drill rig has already been mobilized to the Rose project and drilling is underway. The Corporation plans to drill up to 25,000 metres (see press release dated April 6, 2022) in total. The main objectives of the drilling program are:

• Expand the current 17-year mine life of the Rose project, targeting the northern extension of the Rose deposit
• Test several satellite showings proximal to the Rose deposit
• Expand the known Lemare lithium zone, aiming to delineate an initial mineral resource estimate in early 2023

The planned program of up to 25,000 metres will be divided between the Corporation's projects as to approximately:

• 10,000 metres for the expansion of the Rose deposit
• 7,000 metres to delineate an initial mineral resource estimate of the Lemare zone
• 8,000 metres for exploration and test newly identified targets

Foto: Accesswire

Figure 1: James Bay projects location map

Foto: Accesswire

Figure 2: Goldspot probability Li-Ta, Cu-Ni, Au target map

Jean-Sébastien Lavallée, CEO of Critical Elements commented: "We are very excited to resume exploration on our extensive land portfolio, and in particular drilling on the Rose and Lemare projects. In the past, we have been able to demonstrate how quickly and efficiently we can define resources. We are very enthused about the exploration potential of our portfolio and the ability to delineate more resources."