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.
News Highlights
- 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
steve@lithiumchile.ca
Reader Advisory
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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
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"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