13:57:46 EST Tue 29 Nov 2022
Enter Symbol
or Name

Tantalex Lithium Resources Corp
Symbol TTX
Shares Issued 448,783,147
Close 2022-09-23 C$ 0.085
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Tantalex drills 0.946% Li2O average at Manono

2022-09-26 15:09 ET - News Release

Mr. Eric Allard reports


The final assay results received from Tantalex Lithium Resources Corp.'s 2022 infill drilling program on the K dump has returned an average grade 0.946 per cent Li2O (lithium oxide) from surface.

Manono Tailings - K Dump

A total of 2117 metres from 156 aircore drillholes has been completed on nominal 50m centres to define a measured category for the Mineral Resource Estimate currently underway. On September 6 th , we announced the results of the assays received from the first 41 drillholes (red dots in Fig.1).

Figure 1 below demonstrates the location of the results received from the latest 115 drillholes.

Click Image To View Full Size Figure 1: K dump drillhole locations - drill holes MDA211 to MDA 325 (in yellow)

The K dump is composed of two different sections; 1) a steeply stacked section to the northeast that varies from 47m to 21m thick with an average thickness of 38m, and 2) a gently domed 500m x 600m terrace section with an average thickness of 11m with depths generally 15m to 20m in the centre shallowing to 3-5m at the edges.

In drill holes MDA211 to MDA 325 a total of 22 holes were drilled to more than 15 metres depth. All 22 holes deeper than 15m returned mineralisation from the surface (Table 1).

" Having the entire K dump in the measured category for our Maiden Mineral Resource Estimate (MRE) will provide the robustness required to proceed rapidly with our Preliminary Economic Assessment. " said Eric Allard, CEO of Tantalex. " Assay results from the G dump are forthcoming and once received we will be able to complete and issue our MRE expected for early October now. "

OTCQB Listing

Our application with the Depository Trust & Clearing Corporation (" DTCC ") to further enable the easier electronic clearing and settlement of the Corporation's common shares in the United States had been delayed due to our corporate name change during the application process. This should be finally resolved in next days.

Qualified Person

The scientific and technical content of this news release has been reviewed 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 ").

About Tantalex Lithium Resources Corporation

Tantalex is an exploration and development stage mining company engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. The Corporation is listed on the Canadian Stock Exchange (symbol: TTX), Frankfurt Stock Exchange (symbol: DW8) and OTCQB Venture Market (symbol TTLXF).

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