Oxide Bottle Roll Recoveries For The Mountain View Project

TORONTO - Millennial Precious Metals Corp. reported on metallurgical results from ongoing studies designed to determine the processing characteristics of the Mountain View project located in Nevada. Material for the bottle roll tests was collected during the Phase 1 drill program at Mountain View, consisting of 27 holes totaling ~7,200m. Bottle roll recoveries from various crush sizes sampled (1.7mm and 75µm) returned excellent results, indicating that the material will support heap leach processing.

Bottle roll tests for Mountain View returned average gold recoveries of ~89% within the oxide material, with several samples returning gold recoveries of up to ~95%. A total of 42 samples were selected from oxide, mixed, and fresh material collected from Phase 1 drilling for bottle roll testing. Average gold recoveries for oxide material range from 88.8% (1.7mm) to 94.9% (75µm). Based on the latest design, the proposed pit at Mountain View is comprised of ~80% to ~90% oxide material. Samples were taken across all rock types and a wide grade distribution. Recoveries do not appear to be sensitive to size fraction and/or grade. Column testing is currently underway to support the bottle rolls, with final results expected in the coming weeks. Testing indicates low cyanide consumption and lime requirements. Final metallurgical results from Mountain View are expected in Q1 2023 to support the updated mineral resource estimate and Preliminary Economic Assessment (PEA).

Jason Kosec, President, CEO & Director, said, "We are extremely pleased with the initial metallurgical results from Mountain View. Gold recoveries of up to ~95% within the oxide material are significantly higher than the Nevada average of ~70%. Not only are the initial recoveries very encouraging, but the amount of reagent consumption appears to be low, which will be positive for future operating costs. Further metallurgical testing is underway on material from both Mountain View and Wildcat, which will support the updated mineral resource and PEA expected later this year."