04:47:16 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Millennial Lithium Corp
Symbol ML
Shares Issued 10,341,198
Close 2016-07-05 C$ 0.60
Market Cap C$ 6,204,719
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Millennial Lithium to start surface sampling at Lincoln

2016-07-06 09:52 ET - News Release

Mr. Kyle Stevenson reports

MILLENNIAL LITHIUM TO BEGIN EXPLORATION ON LINCOLN LITHIUM PROPERTY

Millennial Lithium Corp. plans to commence a surface sampling program to test brine sediments on its Lincoln lithium project in the Big Smoky Valley, Nevada, upon final approval of the TSX Venture Exchange for the acquisition. The Lincoln lithium claims are directly adjacent to claims controlled by Ultra Lithium Inc. and Avarone Metals Inc.

Millennial's first-pass exploration program is planned to include prospecting, grab sampling and hand auger drill holes to test for lithium and other commercial elements in the upper layers of the playa.

Exploration of the Big Smoky Valley by the U.S. Geological Survey in the 1970s culminated in the drilling of two reverse circulation holes, both of which encountered anomalous concentrations of lithium that were highly similar to those encountered in the Clayton Valley, just to the south, and where the Silver Peak mine is located.

More recently, Ultra Lithium, located south and adjacent to Millennial's claims, released assay and logging results of its first drill hole (news release dated June 9, 2016). Results indicated the presence of two potential lithium-bearing brine targets at its South Big Smoky Valley brine lithium project.

Also on June 9, 2016, Avarone Metals, located west and adjacent to Millennial's claims, released results of surface sampling on its Moab lithium project. The results of this sampling program not only confirmed the presence of lithium in alluvial gravels and clays but also indicated anomalous values of both boron and potassium.

The company also reports that Jamie Carlson has resigned as president, chief executive officer and director to pursue other opportunities. Kyle Stevenson has agreed to join the board and replace Mr. Carlson as president and CEO.

We seek Safe Harbor.

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