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Millennial Lithium Corp.
Summary
| Project: | Pastos Grandes | |
|---|---|---|
| Deposit: | Pastos Grandes | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 11/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-11-2018: Millennial Lithium Corp. announces an Exploration/Drilling Update report for its Pastos Grandes deposit at the Pastos Grandes project. Drilling results incl. 236m @ 566mg/l Li from 366m. 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 exploration well at its Pastos Grandes Project in Salta, Argentina. Exploration well PGMW18-19 intersected, and bottomed, in a robust lithium-bearing brine zone which yielded 566 mg/l Li, 5,733 mg/l K and 3,385 mg/l Mg from 366m to the bottom of the hole at 602m for an intersection thickness of 236m. Millennial President and CEO, Farhad Abasov, commented: "We are very encouraged to see that additional drilling on the eastern portion of the REMSA license at Pastos Grandes salar has intersected robust lithium values and very suitable chemistry for development via solar evaporation and conventional processing. The Pastos Grandes Project continues to deliver positive news on all fronts and this new analytical data will be fed into the ongoing resource block model estimate which is scheduled for completion by the end of Q4 2018. Exploration drilling as well as the development of 2 of 4 additional pumping wells, pilot pond test work, a pilot-scale process training center design and infrastructure expansion continue on site as the Company moves towards completion of its Feasibility Study.” Exploration well PGMW18-19 was drilled to a depth of 602m and terminated in brine-bearing sand. This hole is located in the northeastern portion of the contiguous REMSA license, approximately 1,000m east of PGMW18-12, and confirms the extension of the lithium-bearing brines to the eastern portion of the REMSA license. Additional drilling at well PGMW18-20 is underway approximately 1,000m southeast of well PGMW18-19 to delineate further extensions to the east. | |
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