TSX Venture Exchange: "KRS"
CALGARY, Dec. 6, 2017 /CNW/ - Kairos Capital Corporation ("Kairos" or the "Company") is pleased to announce that sampling at its Atacama and Ollague properties has returned results as high as 1330mg/l and 590mg/l respectively. The results were obtained from both brine and salt samples directly at surface and within 1.5 metres of surface from hand auger holes.
In addition, the Company is pleased to advise that the gravity surveys on the Helados, Atacama, Coipasa, Turi and Talar properties are in progress. The Transient Electro Magnetic ("TEM") surveys are expected to commence before month-end initially on the Helados property.
- Lithium brines up to 1330mg/l discovered at the Atacama property, Chile
- Lithium brines up to 590mg/l discovered at the Ollague property, Chile
- Completion of gravity surveys on all five properties by month-end
- Initiation of TEM surveys commencing with the Helados property before month-end.
- The Company's new website has launched: www.lithiumchile.ca
Steve Cochrane, CEO and President of Kairos Capital, commented, "These latest results are extremely promising, particularly on our Atacama property, where lithium brines have shown grades that are close to the production grades of 1500 mg/l at the Albemarle and SQM Atacama lithium operations. Based on the results of our current geophysical surveys, we look forward to an active drilling campaign throughout 2018.
Sampling Results Overview
Atacama: Surface and near surface brine lithium concentrations from the south and north-west areas of the 5,600 hectare Atacama property range from a low of 500 mg/l to a high of 1330 mg. The Atacama property is located within the Salar de Atacama – the current source of approximately 30% of World Lithium production.
Ollague: Surface and near surface brine lithium concentrations from the 2,200 hectare Ollague property range from a low of 160 mg/l to a high of 590 mg/l.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the Company by Terence Walker, P. Geo. Chief Geologist and Vice President of Exploration for Kairos, a qualified person.
About Kairos Capital
Kairos Capital is advancing a Lithium property portfolio consisting of 134,200 hectares on fifteen salars in Chile. The Kairos properties include 56 square kilometres on the Salar de Atacama which hosts the world's highest concentration of Lithium brine production. Sampling conducted by Kairos to date has yielded Lithium assay results from surface and near surface brines of up to 1410 ,1330 and 1280 mg/l on 3 of its 15 properties – concentrations that approach the production grades from the Salar de Atacama.
Kairos also owns a significant Copper/Gold/Silver property portfolio consisting of approximately 266 square kilometers over 6 different properties located in Chile on which Kairos has been conducting preliminary exploration work including surface sampling, geological mapping, geochemistry and IP geophysical surveys as well as recent drilling on the properties. Kairos Capital's common shares are listed on the TSX Exchange under the symbol "KRS".
Steven Cochrane, President and CEO
Kairos Capital Corporation
#900, 903 – 8th Ave SW
Calgary, Alberta T2P 0P7
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 press release.
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. In particular, this news release contains forward-looking statements relating to, among other things, management of the Corporation's views regarding its properties and the ability of the Corporation to conduct exploration on its properties.
You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have in exploring its properties and the results from such properties. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
SOURCE Kairos Capital Corporation
For further information: please contact Kairos Capital Corporation at 587 393 5801; Or visit our website www.lithiumchile.ca