13:45:52 EST Tue 29 Nov 2022
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Tantalex Resources Corp
Symbol TTX
Shares Issued 363,913,335
Close 2021-10-06 C$ 0.07
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Tantalex completes drone survey at Manono-Kitotolo

2021-10-07 15:16 ET - News Release

Mr. Eric Allard reports

TANTALEX RESOURCES CORPORATION UPDATES ON DRILLING AND FIELD ACTIVITIES ON MANONO-KITOTOLO LITHIUM & TIN TAILINGS PROJECT

Tantalex Resources Corp. has completed the drone/UAV (unmanned aerial vehicle) photogrammetry topographical survey for volume estimation of the dumps and terraces on the PER 13698 lithium and tin tailings concession. The survey was completed using a Phantom 4 RTK drone combined with a D-RTK 2 high-precision GNSS mobile base station, which allowed the drone to fly at centimetre-level accuracy and provide highly accurate data.

The total volume of all the dumps and associated terraces on PER 13698 is reported at 70,457,047 cubic metres. Actual density of the dumps is variable due to the nature and granulometry of the tailings, but by using a conservative average density of 1.5 grams per cubic centimetre, this represents a total tonnage of approximately 105 million metric tons. This compares highly favourably with the initial exploration target of 60 million to 80 million metric tons that the company had prior to the agreement with Minor for the acquisition of additional dumps.

Air core drilling

Drilling has reached a total of approximately 3,500 metres from the initial 5,000 m drill program. This initial drilling program is targeting boreholes across all the dumps in order to determine overall distribution and grades of targeted minerals: lithium, tin and tantalum. Samples are being sent to an internationally accredited laboratory, with first assay results expected to be received in early November.

Additionally, greater than 500 m have been drilled using the company's Cobra drill for the shallower areas on the terraces alongside the dumps.

Hannes Miller, chief operating officer of Tantalex, commented, "I am extremely pleased with the tremendous work our exploration team has performed to now and the incredible support we have received from the local authorities and communities."

Results from this initial drill program will then guide further drilling work required to confirm a resource report in the measured and indicated category. Tantalex's actual plan is to release a preliminary mineral resource report during the first quarter of 2022.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Gary Pearse, MSc, PEng, who is a qualified person, as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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