(TheNewswire)
T oronto, Ontario– TheNewswire- April 12 th , 2022 – Tantalex Resources Corporation (CSE:TTX ) , ( FSE:1T0) (“ Tantalex ” or the“ Corporation ”), is pleased to provide additional assay results receivedfrom drill holes in the K dump. Initial assay results from the K dumphad indicated interesting intercepts where 7 ofthe 8 holes assayed averaged 1.04% Li20 from surface to 7mdepth.
Further to these results, Tantalex sent the remaining3m composite samples it had stored from the K dump for assaying. Thesesamples were taken from:
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5 aircore holes (drilled to depths between 12m and21m)
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14 additional shallow Cobra holes (maximum depths of 7mfrom surface)
Lithium aircore intersections results
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MDA100 15m @ 1.183% Li2O from surface
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MDA101 15m @ 1.006% Li2O from surface
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MDA102 15m @ 1.018% Li2O from surface
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MDA103 12m @ 0.856% Li2O from surface
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MDA104 21m @ 0.763% Li2O from surface
Average Lithium content from the 14 cobra holedrillholes assayed at 0,965% Li2O.
These results therefore confirm that the previouslyreported assay results from the K dump show grade continuitythroughout the K dump.
Figure 1 . K Dump - Drilled AC (red) and Cobra Holes (yellow)
From the volume estimation report that Tantalexconducted in Q4 2021, the estimated total volume of the K dump is 3512 532m³. With an approximate density of 1,5 g/cm³ this equals atotal estimated volume of 5 268 797 metric tons.
Figure 2 . KDump – Elevations and Surface Area
Additional assay results are also expected in theupcoming weeks from dumps C, I, H and G.
Eric Allard, commented: ‘’These additional resultsfrom the K dump are extremely encouraging as we continue progressingon our Maiden Mineral Resource Estimate and continue our ongoingmetallurgical testing to prepare an optimal processflowsheet.’’
Exploration is currently ongoing on the PegmatiteCorridor and drilling is planned to commence in the next few weeks.Tantalex will advise as soon as a firm date has been confirmed by ourdrilling contractor.
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 ”).
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 anduncertainties and as a result of a variety of factors, the actualresults, expectations, achievements or performance may differmaterially from those anticipated and indicated by these forwardlooking statements. Although TANTALEX believes that the expectationsreflected in forward looking statements are reasonable, it can give noassurances that the expectations of any forward looking statementswill prove to be correct. Except as required by law, TANTALEXdisclaims any intention and assumes no obligation to update or reviseany forward looking statements to reflect actual results, whether as aresult of new information, future events, changes in assumptions,changes in factors affecting such forward looking statements orotherwise.
The Canadian Securities Exchange(CSE) has not reviewed this news release and does not acceptresponsibility for its adequacy or accuracy.
ON BEHALF OF THE BOARD
Eric Allard
President and Chief ExecutiveOfficer
For more information, please contact:
Eric Allard
President & CEO
Email: ea@tantalex.ca
Website: www.tantalex.ca
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