VANCOUVER, BC, Oct. 18,
2022 /CNW/ - Monumental Minerals Corp.
("Monumental" or the "Company") (TSXV: MNRL) (FSE:
BE5) (OTCQB: MNMRF) is pleased to announce the addition of 7,025
hectares of land around the current 5,400 hectares at the Salar de
Laguna Blanca Lithium-Brine, Cesium-Sediment project located in the
prolific lithium triangle, Chile. The Laguna Blanca property
now consists of exploration concessions totaling 12,425 hectares,
100% owned by Lithium Chile Inc. through its wholly-owned Chilean
subsidiary Minera Kairos Chile Limitada ("Minera Kairos") (Fig.1).
Lithium Chile staked an
additional 9,600 hectares and a large portion (73%) of this newly
staked area falls under an area of influence "AOI" of 5 km as per
the Definitive Agreement between Monumental Minerals and Lithium
Chile signed on March 31, 2022.
Monumental Minerals believes that the most important area of the
additional 9,600 hectares staked by Lithium Chile is within the 5
km radius. Monumental Minerals retains the option to earn up to a
75% interest in these additional concessions under the current
terms of the Definitive Agreement between Monumental Minerals and
Lithium.
The Laguna Blanca Project is within the eastern Andean
Geomorphic Belt of Chile's Central
Andean Altiplano and is located 120 km from the Salar de Atacama,
the largest producing salar in the world. The felsic volcanic rocks
of the Central Andean Altiplano are enriched in Li and Cs. Seasonal
rain and snow melt leaches and transports Li, Cs, Ca, Na, Mg, K,
and B into the enclosed Laguna Blanca salar. With no outlets,
evaporation concentrates these elements within the salar
brines.
Dr. Jamil Sader, CEO and Director
comments
"We are very excited to have expanded our Laguna Blanca Salar
land position, as well as our partnership with Lithium Chile. With
the additional exploration concessions, the Project now encompasses
a significantly larger part of the salar basin, and will further
enhance and extend our lithium brine exploration activities in this
highly prospective region."
Qualified Person
The scientific and technical
information contained in this news release has been reviewed and
approved by Kristopher J. Raffle, P.Geo. (BC)
Principal and Consultant of APEX Geoscience Ltd. of
Edmonton, AB, a Director of the
Company and a "Qualified Person" as defined in National Instrument
43-101 – Standards of Disclosure for Mineral
Projects.
About Monumental Minerals Corp.
Monumental
Minerals Corp. is a mineral exploration company focused on the
acquisition, exploration, and development of mineral resource
properties in the critical and electric metals sector. The
Company's flagship asset is the Jemi HREE project
located in Coahuila,
Mexico near the Texas, USA border which the Company has an
option to acquire 100% of the 3,650-hectare project. The
Company has an option to acquire a 75% interest and title to
the Laguna Blanca project located in Chile; and the Company has an option to
acquire a 50.01% interest and title to the Turi
project located in Chile.
On behalf of the Board of Directors,
/s/ "Jamil Sader"
Jamil
Sader, Chief Executive Officer and Director
Contact Information:
Email: jsader@monumentalminerals.com
Or
Maximilian Sali, VP
Corporate Development and Director
Email: msali@monumentalminerals.com
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 news release.
Forward Looking Information
This news release contains "forward–looking information or
statements" within the meaning of applicable securities laws, which
may include, without limitation, the potential plans for the
Company's projects, the exploration plans on the Company's
projects, other statements relating to the technical, financial and
business prospects of the Company, its projects and other matters.
All statements in this news release, other than statements of
historical facts, that address events or developments that the
Company expects to occur, are forward-looking statements. Although
the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in the forward-looking
statements. Such statements are based on numerous assumptions
regarding present and future business strategies and the
environment in which the Company will operate in the future,
including the price of metals, the ability to achieve its goals,
that general business and economic conditions will not change in a
material adverse manner and that financing will be available if and
when needed and on reasonable terms. Such forward-looking
information reflects the Company's views with respect to future
events and is subject to risks, uncertainties and assumptions,
including the risks and uncertainties relating to the
interpretation of exploration results, risks related to the
inherent uncertainty of exploration and cost estimates and the
potential for unexpected costs and expenses and those other risks
filed under the Company's profile on SEDAR at www.sedar.com. While
such estimates and assumptions are considered reasonable by the
management of the Company, they are inherently subject to
significant business, economic, competitive and regulatory
uncertainties and risks. Factors that could cause actual results to
differ materially from those in forward looking statements include,
but are not limited to, continued availability of capital and
financing and general economic, market or business conditions,
failure to secure personnel and equipment for work programs,
adverse weather and climate conditions, risks relating to
unanticipated operational difficulties (including failure of
equipment or processes to operate in accordance with specifications
or expectations, cost escalation, unavailability of materials and
equipment, government action or delays in the receipt of government
approvals, industrial disturbances or other job action, and
unanticipated events related to health, safety and environmental
matters), risks relating to inaccurate geological assumptions,
failure to maintain all necessary government permits, approvals and
authorizations, failure to obtain surface access agreements or
understandings from local communities, land owners or Indigenous
groups, fluctuation in exchange rates, the impact of Covid-19 or
other viruses and diseases on the Company's ability to operate, an
inability to predict and counteract the effects of COVID-19 on the
business of the Company, including but not limited to, the effects
of COVID-19 on the price of commodities, capital market conditions,
restriction on labour and international travel and supply chains,
decrease in the price of rare earth elements, lithium, cesium and
other metals, loss of key employees, consultants, or directors,
failure to maintain community acceptance (including from the
Indigenous communities), increase in costs, litigation, and failure
of counterparties to perform their contractual obligations. The
Company does not undertake to update forward–looking statements or
forward–looking information, except as required by law.
SOURCE Monumental Minerals Corp.