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Millennial Lithium Corp.
Summary
| Project: | Pastos Grandes | |
|---|---|---|
| Deposit: | Pastos Grandes | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 1/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-1-2017: Millennial Lithium Corp. announces an Exploration/Drilling Update report for its Pastos Grandes deposit at the Pastos Grandes project. Drilling confirms Lithium grades and brine chemistry. Millennial Lithium Corp. (ML: TSX.V) (“Millennial” or t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Iain Scarr (Internal) | |
| ABSTRACT: | Millennial Lithium Corp. (ML: TSX.V) (“Millennial” or the “Company”) reports positive analytical results from its first two complete exploration wells at the Pastos Grandes Project in Salta, Argentina. Exploration holes PGMW1601 and PGMW1602, drilled vertically to depths of 355 and 400 metres, respectively, in the Northern portion of the salar, ended in brine bearing formations and confirm that the salar’s brine carrying capacity extends to much greater depths than encountered in previous exploration. Depth specific brine samples were collected at various intervals from both holes using drivepoint and packer systems designed to isolate sample intervals. Nine brine samples collected from exploration hole PGMW1601, from surface to 355 metres, contain an average lithium grade of 395 milligrams per litre (mg/L) and an average magnesium/lithium ratio of 6.2. Individual lithium grades from the hole range from a low of 297 mg/L to a high of 471 mg/L. Ten brine samples collected from exploration hole PGMW1602, from 71 to 400 metres, contain an average lithium grade of 389 mg/L and an average magnesium/lithium ratio of 6.1. Individual samples from this hole range from 339 mg/L to 399 mg/L lithium. Average grades of these first two holes in the Northern section, are significantly higher than the results reported in historical drilling. Eramine SA, reported results from historical drilling which averaged a lithium grade of 331 mg/L to a depth of 125 metres (see Technical Report on the Pastos Grandes Project, Salta Province, Argentina, Rojas y Associados, September 14, 2016) | |
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