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MONUMENTAL MINERALS CORP. SIGNS LETTER OF INTENT TO ACQUIRE UP TO 75% OF THE DRILL READY SALAR DE LAGUNA BLANCA, CHILE CESIUM SALT-LITHIUM BRINE PROJECT FROM LITHIUM CHILE INC.
MONUMENTAL MINERALS CORP. SIGNS LETTER OF INTENT TO ACQUIRE UP TO 75% OF THE DRILL READY ...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n \n \n \n MONUMENTAL MINERALS CORP. SIGNS LETTER OF INTENT TO ACQUIRE UP TO 75% OF THE DRILL READY SALAR DE LAGUNA BLANCA, CHILE CESIUM SALT-LITHIUM BRINE PROJECT FROM LITHIUM CHILE INC.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n NEAR SURFACE SEDIMENT SAMPLE ASSAYING RETURNS\n \n \n 692 PPM CESIUM AND 1,450 PPM LITHIUM\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 9, 2022\n \n /CNW/ - Monumental Minerals Corp. (\"\n \n Monumental\n \n \" or the \"\n \n Company\n \n \") (TSXV: MNRL) (FSE: BE5) is pleased to announce that the Company has entered into an arm's length letter of intent (\"\n \n LOI\n \n \") with Lithium Chile Inc. (\"\n \n Lithium\n \n Chile\n \n \n \") (TSXV: LITH) (OTCQB: LTMCF) to acquire up to 75% of the 5200-hectare\n \n Salar De Laguna Blanca\n \n project (the \"\n \n Laguna Project\n \n \") located near the town of\n \n San Pedro\n \n de Atacama,\n \n Chile\n \n .\n \n \n The Laguna Project is located within the prolific lithium triangle, a zone within the central Andes high desert that includes\n \n Chile\n \n ,\n \n Argentina\n \n , and\n \n Bolivia\n \n . This zone is estimated to contain more than half of the world's lithium supply beneath the many salt flats, also known as salars, that are common to the region. The Laguna Blanca property consists of 23 exploration concessions totaling 5,200 hectares, 100% owned by Lithium Chile through its wholly owned Chilean subsidiary Minera Kairos Chile Limitada (\"\n \n \n Minera Kairos\n \n \n \") (Fig. 1). The Laguna Project includes both active and paleo salar brines and salts (Fig. 2).\n \n \n The Laguna Project is an early exploration stage project that is accessible from the town of\n \n San Pedro\n \n de Atacama, 80 kilometres to the west via the paved road 27CH to the north end of Salar de Aguas Calientes then a truck accessible trail heading north to the interior of the property. Travel time from\n \n San Pedro\n \n de Atacama to the property is approximately 1 hour and 30 minutes.\n \n \n Between\n \n April 201...