Critical Elements Corporation: Further High-Grade Lithium At Lemare

Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) and Platypus Minerals Ltd. have noted that preparations for fieldwork at Lemare are progressing, with the granting of a permit to establish a field camp.

• Up to 3.34% Li2O from Lemare spodumene pegmatite
• Latest grades average 1.73% Li2O
• Project contains an undrilled spodumene pegmatite at least 200 m long and grading up to 12 m @ 1.96% Li2O, as defined by surface channel sampling
• Drilling permit expected imminently
• Field camp permit in place, and awaiting drill rig

A drilling permit is expected imminently, with the arrival of a diamond drilling rig due by mid-August.
The Lemare lithium project is located in the James Bay region of Quebec, Canada (Figure 1). The project is secured by an option agreement (“Lemare Option”) entered into by Platypus wholly owned subsidiary Lepidico Ltd (“Lepidico”) and the owner of Lemare, Critical Elements on February 11, 2016. Full details were reported to the market on February 11, 2016.
During site investigations for a suitable field camp, an additional six grab samples were collected from an outcropping portion of the Lemare spodumene pegmatite (Figures 2 and 3). Results confirm robust lithium grades at Lemare, with up to 3.34% Li2O recorded. The average across the six samples is 1.73% Li2O (Table 1).
As previously reported, in summary, the Lemare project covers approximately 70 km2 of tenure in a proven lithium district that hosts several advanced lithium deposits in the vicinity. Lemare is located only 25 km east-northeast of the Whabouchi deposit, held by Nemaska Lithium, within a similar geological setting, namely, on the margin of a belt of metamorphosed greenstones fringing a zone of granulite and migmatite rocks (Figure 4).
The project contains an undrilled spodumene pegmatite discovered in 2012 at least 200 m long and grading up to 12 m @ 1.96% Li2O, including 6 m @ 2.68% Li2O, as defined by surface channel sampling.
Platypus will implement a work program comprising mapping and prospecting in conjunction with two phases, of approximately 2,000 metres each, of diamond drilling, with the aim of defining an initial Inferred Resource at Lemare byDecember 31, 2016. As mentioned above, a drilling rig is expected on site in mid-August 2016 to commence the first phase of drilling.
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