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Millennial Lithium Corp.
Summary
| Project: | Pastos Grandes | |
|---|---|---|
| Deposit: | Pastos Grandes | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 9/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-9-2018: Millennial Lithium Corp. announces an Exploration/Drilling Update report for its Pastos Grandes deposit at the Pastos Grandes project. Drilling results incl. 511m @ 451mg/l Li from 83m. Millennial Lithium Corp. (ML: TSX.V) (A3N2:GR: Frankfurt) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Iain Scarr (Internal) | |
| ABSTRACT: | Millennial Lithium Corp. (ML: TSX.V) (A3N2:GR: Frankfurt) (MLNLF: OTCQB) (“Millennial” or the “Company”) is pleased to report positive drilling and analytical results from the latest complete exploration wells at its Pastos Grandes Project in Salta, Argentina. All four new exploration holes (PGMW18-12—15) completed to date have terminated in thick lithium-bearing brine zones with Hole 15 intersecting lithium grades reaching up to 500 mg/L Li with the lithium horizon displaying a thickness of 236 metres. Millennial CEO, Farhad Abasov, commented: "We are very encouraged to see that drilling on the REMSA license at Pastos Grandes salar continues to encounter very thick lithium brine-bearing sequences significantly extending the area of known lithium-rich brine further south. We continue to drill on the REMSA license, seeking to expand the lithium resource in support of the project’s Feasibility Study.” Exploration holes PGMW18-12, PGMW18-13, PGMW18-14 and PGMW18-15 were drilled to depths of 554 metres (m), 559m, 635m and 594m respectively and all wells terminated in brine-bearing sand. These holes confirm the extension of the brine on to the contiguous REMSA license south of the original core Pastos Grandes licenses. The first three holes are located in a north-south line extending south from PGMW17-04, extending the area of known mineralization a further 3,000m into the REMSA license. Hole PGMW18-15 is located approximately 2,000m to the west of the north-south line and also intersected a thick lithium-bearing brine horizon (see Table 1). All wells bottomed in Li-bearing brine hosted by fine to coarse-grained sand which acts as a strong aquifer. | |
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