Millennial Completes Milestone Environmental Baseline Studies at Pastos Grandes and Engages Vector-Ausenco for Construction and Operations EIA
October 30, 2018
Millennial Lithium Corp. (ML: TSX.V) (A3N2:GR: Frankfurt) (MLNLF: OTCQB) (“Millennial” or the “Company”) is pleased to report that Ausenco-Vector (“Ausenco”) has completed a comprehensive programme of Environmental Baseline Studies at its Pastos Grandes Project in Salta, Argentina. Millennial is also pleased to announce that it has engaged Ausenco to complete an Environmental Impact Assessment for the potential exploitation of lithium at its Pastos Grandes Project.
Ausenco has completed Environmental Baseline Studies at Millennial’s flagship property, Pastos Grandes, in Argentina. Studies completed include the documentation of flora, fauna, climate, air quality, hydrogeology, soil usage, a socio-demographic survey and ecosystem characterization and, where applicable, seasonal variations in those fields.
Millennial has engaged Ausenco to complete an Environmental Impact Assessment for the potential exploitation of the lithium-rich brine resource on its Pastos Grandes Project. The objectives of the EIA are to identify, prevent, minimize, correct and mitigate any potential impacts on the environment or the social framework at the Pastos Grandes Project. Ausenco has extensive experience in the preparation of EIAs for the mining industry in compliance with Argentine federal and provincial regulations. All work will be completed in accordance with Argentine National Law No. 24.585 (Environmental Protection for Mining Activity). The EIA is planned for completion in Q1, 2019.
Millennial President and CEO, Farhad Abasov, commented: "We are very pleased with the work done by Ausenco in completing the Environmental Baseline Studies at Pastos Grandes and to engage them to continue with their work at the project with the Environmental Impact Assessment in support of environmental permits for construction and the potential exploitation of the lithium resource. Millennial remains committed to sound and compliant mining practices, high environmental standards and active community consultation, involvement and participation in the project.”
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 firstname.lastname@example.org.
MILLENNIAL LITHIUM CORP.
President and CEO, Director
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. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices 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.