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Millennial Lithium Corp.
Summary
| Project: | Pastos Grandes | |
|---|---|---|
| Deposit: | Pastos Grandes | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 8/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-8-2017: Millennial Lithium Corp. announces an Exploration/Drilling Update report for its Pastos Grandes deposit at the Pastos Grandes project. Drilling results incl. average of 545 mg/L lithium content over 211.3m. Millennial Lithium Corp. (ML: TSX.V) ( | |
| Resources: | x | |
| 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 well at its Pastos Grandes Project in Salta, Argentina. Exploration hole PGMW17-05/5c, was drilled to a depth of 601 metres (m) and terminated in brine-bearing sand. This hole, coupled with the results of holes PGMW16-01 and PGMW16-02 (see News Release dated Jan. 25, 2017), and PGMW17-04b (see News Release dated June 27, 2017) confirm the extension of the brine throughout the central portion of the salar. Hole PGMW17-5c intersected an upper brine horizon grading 523 milligrams/litre (mg/L) lithium (Li) over 33 metres (m) (27.5m to 60.5m) and more importantly a robust brine horizon averaging a lithium grade of 545 mg/L from 381.7 m to 593 m. Millennial CEO, Farhad Abasov, commented: "At Millennial we are very encouraged to see that drilling in the Pastos Grandes salar continues to encounter very thick lithium brinebearing sequences in the central portion of the salar to a depth of approximately 600m. The average lithium content of the lower brine horizon in hole PGMW17-05/5c is 545 mg/L over 211.3m, similar to values and widths encountered in well PGMW17-04b located several kilometres west of well 5c. Millennial has increased its drilling fleet to three machines at Pastos Grandes to expedite the technical work in advance of a maiden resource estimate to be completed this fall." | |
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