(TheNewswire)
Toronto, Ontario – TheNewswire - September 26, 2022 – Tantalex Lithium Resources Corp.(CSE:TTX ) – ( FSE:DW8 ) – ( OTC:TTLXF) (“ Tantalex ” or the“ Corporation ”), is pleased to announce that the final assay resultsreceived from it’s 2022 infill drilling program on the K dump hasreturned an average grade 0,946% Li2O from surface.
Manono Tailings – K Dump
A total of 2117 metres from 156 aircore drillholes hasbeen completed on nominal 50m centres to define a measured categoryfor the Mineral Resource Estimate currently underway. On September6 th ,we announced the results of the assays received from the first 41drillholes (red dots in Fig.1).
Figure 1 below demonstrates the location of the resultsreceived from the latest 115 drillholes.
Figure 1: K dumpdrillhole locations - drillholes MDA211 to MDA 325 (in yellow)
The K dump is composed of two different sections; 1) asteeply stacked section to the northeast that varies from 47m to 21mthick with an average thickness of 38m, and 2) a gently domed 500m x600m terrace section with an average thickness of 11m with depthsgenerally 15m to 20m in the centre shallowing to 3-5m at theedges.
In drill holes MDA211 to MDA 325 a total of 22 holeswere drilled to more than 15 metres depth. All 22 holes deeper than15m returned mineralisation from the surface (Table 1).
TABLE 1. Assay intersections fromMDA211 to MDA325 greater than 15 metres depth.
Table 1: Dill holeintercepts for drillholes of minimum 15m depth
Figure 2 shows a typical section through the coursestacked dumps showing the vertical and lateral continuity of thelithium grades.
Figure 2. Coarsestacked dump MDA175 – 181 100m cross section .
Figure 3 shows a typical 200 metre section across thedomed terrace showing the lateral and vertical continuity of thelithium grades.
Figure 3. Typicalcross section across centre of terrace dome.
“ Having theentire K dump in the measured category for our Maiden Mineral ResourceEstimate (MRE) will provide the robustness required to proceed rapidlywith our Preliminary Economic Assessment. ”said Eric Allard, CEO of Tantalex. “ Assay results from the G dump areforthcoming and once received we will be able to complete and issueour MRE expected for early October now. ”
OTCQB Listing
Our application with the Depository Trust &Clearing Corporation (“ DTCC ”) to further enable the easierelectronic clearing and settlement of the Corporation’s commonshares in the United States had been delayed due to our corporate namechange during the application process. This should be finally resolvedin next days.
Qualified Person
The scientific and technical content of this newsrelease has been reviewed and approved by Mr. Gary Pearse MSc, P. Eng,who is a “Qualified Person” as defined by National Instrument43-101 Standards of Disclosure for Mineral Projects (“ NI 43-101 ”).
About Tantalex Lithium ResourcesCorporation
Tantalex is an exploration and development stage miningcompany engaged in the acquisition, exploration, development anddistribution of lithium, tin, tantalum and other high-tech mineralproperties in Africa. The Corporation is listed on the Canadian StockExchange (symbol: TTX), Frankfurt Stock Exchange (symbol: DW8) andOTCQB Venture Market (symbol TTLXF).
Cautionary Note Regarding ForwardLooking Statements
The information in this news releaseincludes certain information and statements about management's view offuture events, expectations, plans and prospects that constituteforward looking statements. These statements are based uponassumptions that are subject to significant risks and uncertainties.Because of these risks and uncertainties and as a result of a varietyof factors, the actual results, expectations, achievements orperformance may differ materially from those anticipated and indicatedby these forward looking statements. Although Tantalex believes thatthe expectations reflected in forward looking statements arereasonable, it can give no assurances that the expectations of anyforward looking statements will prove to be correct. Except asrequired by law, Tantalex disclaims any intention and assumes noobligation to update or revise any forward looking statements toreflect actual results, whether as a result of new information, futureevents, changes in assumptions, changes in factors affecting suchforward looking statements or otherwise.
The Canadian Securities Exchange(CSE) has not reviewed this news release and does not acceptresponsibility for its adequacy or accuracy.
For more information, please contact:
Eric Allard
President & CEO
Email: ea@tantalex.ca
Website: https://tantalexlithium.com/
Tel: 1-581-996-3007
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