VANCOUVER, November 1, 2022: Monumental Minerals Corp. (“Monumental” or the “Company”) (TSXV: MNRL) (FSE: BE5) (OTCQB: MNMRF) is pleased to provide an update on corporate and business-related operations. tasks and task development.
As announced on September 15, 2022, Monumental Minerals engaged Ocean Wall Ltd (“Ocean Wall”) to act as strategic and corporate advisor to the Company. Max Sali, Vice President of Corporate Development, recently presented on one occasion at Ocean Wall’s headquarters in London, UK. Investors included ultra-high net worth (UHNW) fund managers and individuals, and family circle offices.
Comments from Max Sali, Vice President of Corporate Development
“Retaining Ocean Wall to help Monumental in strategic and corporate aspects is a great opportunity for us. Its close relationships with high-quality investors in Europe who are a natural player in automotive critical metals will help open new doors for Monumental. “
As announced on October 3, 2022, Monumental Minerals signed the definitive agreement to obtain a 50. 01% interest in the Salar de Turi allocation, located in the lithium triangle in the region of Antofagasta (II Region), Chile. The Turi assignment is available in the city of Calama (60 km southwest) paved roads 21CH and B-165 and is close to infrastructure.
On September 1, 2022, Monumental Minerals announced the effects of shallow wells at the manual auger at Laguna Blanca that included brine samples yielding 405 mg/l of lithium despite recent rainfall interpreted as dilution of the brine near the surface. The samples yielded a favorable lithium/magnesium of 2. 5:1 (Figure 1) because the higher Li:Mg ratios are hotter for lithium production from brine. The geochemical habit of peak concentrations of Mg ions can interfere with the process of production and purification of Li. drilling program that will begin in Laguna Blanca in the first quarter of 2023.
Monumental CEO Dr. Jamil Sader will project in early November 2022 to accompany local network members and vendors at the sites to the highland complex at Laguna Blanca (Monumental press release of October 18, 2022) and Turi. Dr. Sader will also meet with marketers and experts in Santiago and La Serena, Chile.
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A cash exploration program began on Jemi’s assignment in Mexico in late August 2022 and is underway recently. This program aims to reduce the area of exploration studies to approximately 800 hectares, as explained through an airborne radiometric survey (see Monumental Minerals’ May 3 press release). , 2022), to discrete drilling targets. The program consists of detailed geological mapping, sampling of regional river sediments, ground-based radiometric geophysical studies and lithogeochemistry.
To date, the fluvial sediment program has been completed and effects have been obtained for a total of 47 samples. Fluvial sediments are an effective exploration tool, defining the mineralization footprint of each basin to prioritize follow-up exploration. Of the 47 flow samples, a total of five (5) samples returned values greater than 7. 8 amounts consistent with millions (ppm) of dysprosium (Dy), 65. 3 ppm of neodymium (Nd); and up to 14. 1 ppm Dy and 160 ppm Nd. These anomalous concentrations of rare earth elements (REEs) have explained 4 (4) general spaces of interest along the western and southern amounts of the Company’s concessions (Figure 2). Only two of the 4 zones are related to known hypoconsistent alkaline rock mineralized in OHRA (containing eudialite) (Jemi Zone and North Veladora) (Figure 2). The remaining two zones with abnormal concentrations of Dy and Nd were not identified in the past as prospective (Zone 2). and Zone 4). Follow-up scouting paintings will be done to identify the source of the upper REEs in those two spaces of the existing box program for immediate delineation.
Dr. Jamil Sader, CEO and Director comments:
“The definition of two additional exploration zones in the Jemi allocation is a vital step in defining additional drilling targets and expanding the prospective mineralized footprint. We plan to track those two additional zones in a short period of time with mapping and lithogeochemical sampling to identify additional mineralized areas. Hyperalkaline rocks. Jemi’s exploration program temporarily provides the increased clarity needed for the most productive drilling locations.
The Company has consistently granted incentive inventory characteristics to its managers and consistently acquired up to a total of 337,875 consistently non-unusual percentages of the Company at a value of $0. 25 in consistently non-unusual percentage over a constant 3-year period, with characteristics conferred immediately.
The analytical paints reported here were made through ALS Canada Ltd. (ALS) in Hermosillo, Mexico (pattern preparation) and Vancouver, British Columbia (ICP-MS). ALS is a geoanalytical laboratory accredited by ISO-IEC 17025:2017 and ISO 9001:2015 and is independent of Monumental Minerals and QP. to ICP-AES/MS multi-element investigation through 4-acid digestion to determine individual rare soil content (ME-MS61r). Four acid digestions can dissolve the maximum of minerals, the REE values constitute the acid leachable portion of the REE minerals, which the Company deems suitable for the early delineation of the basin. Monumental Minerals and QP did not find any significant QA/QC issues during the knowledge review and are not aware of any sampling or other points that may have material effects on the accuracy of the results.
The clinical and technical data contained in this press have been reviewed and approved by Kristopher J. Raffle, P. Geo. (B. C. ) Principal and representative of APEX Geoscience Ltd. of Edmonton, AB, director of the Corporation and “qualified person” as explained in National Instrument 43-101 – Disclosure Standards for Minerales. Sr Projects. Raffle has verified the disclosed knowledge, which includes a review of the sampling, research, and testing knowledge underlying the data and the reviews contained therein.
Monumental Minerals Corp. es a mineral exploration company focused on the acquisition, exploration and progression of mineral resource households in the critical metals and electrical sector. The Company’s flagship asset is the Jemi HREE allocation located in Coahuila, Mexico, near the border with Texas, USA, so the Company has an option to obtain one hundred percent of the allocation of 3,650 hectares. The Company has an option to obtain a 75% interest and name in the Laguna lithium-cesium brine allocation located in Chile and one in the Salar De Turi lithium allocation in Chile.
On behalf of the Board of Directors,
/f/ “Jamil Sader” Jamil Sader, Chief Executive Officer and Director
About:blankontactInformation:
Email: jsader@monumentalminerals. com
UNED
Max Sali, Vice President of Corporate Development and Director Email: msali@monumentalminerals. com
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is in TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this press release.
This press release comprises “forward-looking data or statements” within the meaning of applicable securities laws, which would possibly include, among others, forward-looking plans for the Company’s assignments, Jemi exploration capstone, expected timing and capstone of such paintings, prospective drilling and drilling systems, prospective Ocean Wall developments, finishing touches on assignment site visits, other statements relating to the technical, monetary and business outlook of the Company, its assignments and other matters. All statements in this press release, other than statements of past fact, that refer to events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes that the expectations expressed in these forward-looking statements are based on conservative assumptions, those statements are not promises of long-term functionality and actual effects may differ materially from those contained in the forward-looking statements. These statements are based on assumptions related to the provision and long-term business methods and the environment in which the Company will operate in the long term, adding the value of the metals, the ability to achieve its objectives, that the commercial and economic situations they will not be replacing curtains on an adverse occasion and that financing will be available when needed and on moderate terms. These forward-looking data reflect the Company’s ideals regarding long-term events and are subject to hazards, uncertainties and assumptions, adding similar hazards and uncertainties to the interpretation of exploration effects, similar hazards to the inherent uncertainty of exploration and cargo estimates and prospective prices and unforeseen expenses and other hazards presented under the Company’s profile on SEDAR at www. sedar. com. While the Company’s management considers these estimates and assumptions to be conservative, they are inherently subject to significant business, economic, competitive and regulatory hazards and uncertainties. Factors that may also cause actual effects to differ slightly from those in forward-looking statements include, but are not limited to, the continued availability of capital and financing and general economic, market or business conditions, ability to protect the body of painters . and apparatus for painting systems, adverse weather and climatic conditions, hazards similar to unforeseen operating difficulties (adding failure of apparatus or process to perform according to specifications or expectations, price gouging, lack of fabric and apparatus skill, government action or delays in receiving government approvals, business interruptions, or other unforeseen business movements and occasions similar to health, safety, and environment), hazards similar to erroneous geological assumptions Array failure to possess all permits, approvals, and authorizations government mandates, failure to discharge surface access agreements or understandings with local co-communities, landowners or Aboriginal groups, the fluctuation in replacement rates, the impact of Covid-19 or other viruses and diseases on the Company’s capacity to function, a capacity to wait and offsetting the effects of COVID-19 on the Company’s business, adding to, but not analyzing the effects of COVID-19 on the value of raw fabrics, capital market conditions, the restriction of hard work and travel to the abroad and supply chains, the decline in the value of rare earth elements, lithium, cesium and other metals. , loss of key employees, consultants or directors, non-acceptance of netpaintings (adding indigenous communities), higher prices, litigation and failure of contracting parties to meet their contractual obligations. The Company does not adopt the updating of forward-looking statements or forward-looking data, except as required by law.
SOURCE Monumental Minerals Corp.