Millennial Provides Pastos Grandes Project Progress: Comprehensive Development Program Advancing
(PresseBox) - Millennial Lithium Corp. (ML: TSX.V) (A3N2:GR: Frankfurt) (MLNLF: OTCQB) (?Millennial? or the ?Company? - http://www.commodity-tv.net/c/search_adv/?v=298600)building pilot ponds to provide concentrate lithium-rich brines pumped from the salar, development of a Pilot and Training Lithium Processing Plant designed to produce 3 Tonnes Per Month of Lithium Carbonate Equivalent (LCE), adding additional pumping test wells, and completing various technical studies and infrastructure improvements designed to expedite the Company?s ongoing Feasibility Study.
Millennial President and CEO, Farhad Abasov, commented:"We are very pleased with the progress in all facets of our development plan at Pastos Grandes.
Resource Expansion Drill Program and Resource Update
Two drill rigs are currently active on the Remsa license, a portion of the Pastos Grandes Project, testing the extensions of the lithium-bearing brine aquifer.
The updated Resource Estimate by Montgomery, which is required to complete the Definitive Feasibility Study, is in progress with data from the geophysical surveys providing additional geological information and enhancing interpretations of the continuity of geological units west of the current drilling.
Pilot Ponds
Pilot Ponds filled with brine from pumping well PGPW17-4 in late September, 2018 are concentrating lithium in preparation for lime treatment to reduce magnesium content in the brine. Colour changes are noticeable now in the ponds as halite and sylvite begin to precipitate (see website photos).centrate feed to the Pilot Processing Plant.
The pilot liming plant construction has been completed and will be commissioned early in Q1, 2019.
Pilot Processing Plant
Millennial is developing a Pilot Processing Plant designed to produce 3 Tonnes Per Month of lithium carbonate utilizing concentrated brine from the pilot ponds on the salar.onth. Design of the building to house the plant is complete and a local contractor has been engaged to construct the building over a 2 month period.
Pumping Test Wells
Long term pumping tests were completed at production well PGPW17-4 over a 23 day period from Sept. 7-30th, 2018.
Drilling and development of production and test wells PGPW18-17 and PGPW18-15 are underway. ML has contracted a second drilling company to increase productivity.
Geophysics
Additional ground geophysics (seismic tomography) is in progress on the western portion of the Remsa license and extending west onto the adjacent license held by Millennial.he western edge of the basin.
Environmental Impact Assessment-Exploitation
Ausenco-Vector has been engaged to complete the Environmental Impact Assessment for the Exploitation stage of the project. Millennial and WorleyParsons are in the process of providing data and project information to Ausenco to allow completion of the report.
Infrastructure
Infrastructure improvements at the site are ongoing with the residence camp construction recently completed.
Millennial has broken ground on the Pastos Grandes community centre/warehouse and all-purpose building.
Definitive Feasibility Study
WorleyParsons Chile is progressing with the Company?s Pastos Grandes Definitive Feasibility Study.
Sampling was conducted in accordance with CIM guidelines for brine resource evaluation, with an appropriate chain of custody and QA/QC program in place for ensuring veracity, accuracy and precision of the analytical results.
The primary analytical laboratory for the data used in this program is the SGS Laboratory in Buenos Aires, Argentina.
This news release has been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of the Company and a Qualified Person as that term is defined in National Instrument 43-101.
To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info(at)millenniallithium.com.
MILLENNIAL LITHIUM CORP.
?Farhad Abasov?
President and CEO, Director
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Swiss Resource Capital AG
info(at)resource-capital.ch
www.resource-capital.ch
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain ?Forward-Looking Statements? within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.s of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company?s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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Datum: 07.01.2019 - 09:47 Uhr
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News-ID 1545461
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