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Critical Elements and Natan Begin Phase 1 of Exploration Program on the Duval Lithium Project in the Nemaska Lithium Whabouchi Area
MONTREAL, QUEBEC–(Marketwired – Sept. 19, 2016) – Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) and Natan Resources Ltd (“Natan”) (TSX VENTURE:NRL) are pleased to announce that the Phase 1 exploration program for Duval Project in Northern Quebec is being finalized, and the Company has commenced its program in the field. The Duval Project is contiguous to and along strike with the Whabouchi project of Nemaska Lithium Inc. (“Nemaska”) who recently reported encountering a new lithium-bearing zone in the south-western end of the planned pit area (see Nemaska press release dated September 6, 2016).
MONTREAL, QUEBEC–(Marketwired – Sept. 19, 2016) – Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) and Natan Resources Ltd (“Natan”) (TSX VENTURE:NRL) are pleased to announce that the Phase 1 exploration program for Duval Project in Northern Quebec is being finalized, and the Company has commenced its program in the field. The Duval Project is contiguous to and along strike with the Whabouchi project of Nemaska Lithium Inc. (“Nemaska”) who recently reported encountering a new lithium-bearing zone in the south-western end of the planned pit area (see Nemaska press release dated September 6, 2016). Nemaska reported that this new zone has been intersected in multiple drill holes at up to 500 m vertical depth, and is located at the south-western end of the pit area, approximately two kilometers from the north-eastern boundary of Duval 2,459 hectare property.
The Company and Natan have contracted Consul-Teck Exploration Inc. of Val-d’Or as operator of the project. This first phase of exploration will consist of a detailed mapping and sampling program over a grid designed to cover the entire property, over the course of approximately 4 weeks. There has been no historic Lithium focused exploration on the Duval property, however it is believed that the continuation along strike and onto the property of the similar geology as at Whabouchi, indicates the potential to locate Lithium bearing pegmatites.
Upon completion of the Phase 1 program, an updated NI 43-101 report will be completed for the property. Pending the results of the program and the recommendations of the report, the Company is fully financed to advance the program through the exploration cycle quickly.
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