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MONUMENTAL MINERALS SIGNS LETTER OF INTENT TO ACQUIRE UP TO 50.01% OF THE SALAR DE TURI PROJECT FROM LITHIUM CHILE IN THE LITHIUM TRIANGLE, CHILE
MONUMENTAL MINERALS SIGNS LETTER OF INTENT TO ACQUIRE UP TO 50.01% OF THE SALAR DE TURI P...
About this update from Monumental Energy Corp.
[{"type":"text","content":"\n \n \n \n MONUMENTAL MINERALS SIGNS LETTER OF INTENT TO ACQUIRE UP TO 50.01% OF THE SALAR DE TURI PROJECT FROM LITHIUM CHILE IN THE LITHIUM TRIANGLE, CHILE\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n \n Aug. 23, 2022\n \n \n /CNW/ - Monumental Minerals Corp. (\"\n \n Monumental\n \n \" or the \"\n \n Company\n \n \") (TSXV: MNRL) (FSE: BE5) (OTCQB: MNMRF) is pleased to announce that it has signed a letter of intent (\n \n \"LOI\"\n \n ) to acquire a 50.01% interest in the Salar de Turi Project (the\n \n \"Project\"\n \n ) from Lithium Chile Inc. (\"\n \n Lithium\n \n Chile\n \n \n \") located within the Lithium Triangle about 120 km northwest from the Salar de Laguna Blanca and 60 km northeast from the City of Calama,\n \n Chile\n \n .\n \n \n The Salar de Turi Project is located within the prolific Lithium Triangle (\"LT\"), 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 (Figure 1). The LT 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 Project comprises 31 exploration concessions totalling 8,500 hectares, 100% owned by Lithium Chile through its wholly owned Chilean subsidiary Minera Kairos Chile Limitada (\"\n \n \n Minera Kairos\n \n \n \"). The Project is accessible from the City of Calama (60 km to the southwest) via the paved roads 21CH, and B-165 and is close to infrastructure. Travel time from Calama to the Project is approximately 1 hour.\n \n \n \n \n \n \n \n \n \n \n Jamil Sader\n \n , CEO and Director of Monumental Minerals comments, \"\n \n The relationship we have built with Lithium Chile continues to develop into a growing joint effort to advance high-value salars towards lithium brine resources. The Salar de Turi Project represents a great opportunity, with highly compelling geophysics and geochemistry, excellent infrastructure, and year-round access. Monumental plans to move forward with exp...