Posted in | Lithium | Mining Business

TANTALEX Resources Receives Initial Ground Sampling Program Results from Buckell Lithium Property

TANTALEX Resources Corporation, is pleased to announce that the Company has received the results from the geochemical analysis of its initial phase ground sampling program undertaken at its Buckell Lithium property (press release dated April 18, 2017).

The grab samples were submitted to SGS Laboratories in South Africa for detailed analysis to confirm the presence of minerals typically derived from LCT-Pegmatitic mineralization, such as lithium, tantalum and tin.

Dave GAGNON, Chief Executive Officer explains, "This is an incredibly exciting time for our Company. Receiving confirmation that there is indeed the presence of lithium, tantalum and tin on our property, confirms for us the high likelihood that the Buckell project is indeed following the trending LCT-Pegmatite mineralization, which in other words means a high probability of spodumene."

Gary PEARSE, Tantalex's Qualified Person adds, "Although the sampled terrain represents only a few widely-scattered locales on the leases, we are encouraged that these preliminary results indicate the following information from the locales surveyed:

  1. the well known Manono-Kitotolo pegmatites mineralization would appear to continue southwesterly well into Tantalex's lease 12447 where both laterite debris and granite had anomalous Li along with the same anomalous elements identified in the Manono/Kitotolo locale. Gallium was as good as the Manono/Kitotolo locale as well, and;
  2. in the northern part of our licence 12448, the anomalous lithium and several pegmatite associated anomalous elements such as high beryllium, high cesium, high rare earths including but not limited to elevated heavy (rare) rare earths (Ce 175ppm and 6 to 10 times the amounts of the heavy rare earths found in the rest of the district), and high gallium, suggests the potential for entirely new, subparallel pegmatites to the west of Manono/Kitotolo.

Eric ALLARD, VP Exploration explained "This preliminary geochemical survey was very focused on certain areas of the leases. We have barely begun the real exploration to unlock the full potential of our leases. We look forward to the next steps of our exploration program (including Phase 1 drilling scheduled for mid June 2017, which will include 5 drill holes at approximately 300 meters) and how these anomalous finds will fit into the property-wide airborne geophysical patterns which is planned to commence in the coming weeks."

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Gary Pearse MSc, P. Eng, who is a "Qualified Person" as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

Source: http://www.tantalex.ca/

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