CALGARY, ALBERTA--(Marketwired - Jan. 23, 2017) -
Not for distribution to U.S. news wire services or dissemination in the United States.
Kairos Capital Corporation ("Kairos") (TSX:KRS) is pleased to announce that it has received assay results from the Coipasa and Turi Salar properties. Highly significant lithium, potassium and boron assays were received. The results were obtained from both brine and salt samples directly at surface and within 1.5 m of surface.
Sampling completed to date covers approximately 20% of the 113km2 Coipasa claims and about 25% of the 61km2 Turi claims which together comprise approximately 65% of the 266 km2 claim package involving 5 separate salars that were acquired by Kairos in December 2016.
"These second round of results include lithium concentrations that are similar to the production grades at the Salar de Atacama and therefore re-inforce management's belief that that the acquired lithium claims have excellent potential" confirmed Terry Walker, Kairos's Chilean based VP of Exploration.
-- Surface brine lithium concentrations from the west central and south
east flanks of the halite core at the Coipasa salar range from a low of
297 mg/l to a high of 1410 mg/l and average 615 mg/l over a combined
area of 9 km2
-- Salar Coipasa is located on the Bolivian border within the same
geological and physiographic zone as the lithium enriched Salars de
Maricunga and Pedernales in Chile and Salars Olaroz and Cauchari in
Argentina, part of the well renowned "Lithium Triangle" of South
-- Surface brine lithium concentrations from south and west flanks of the
halite core at the Turi salar range from a low 260 mg/lt to a high of
580 mg/lt and average 440 mg/lt over and area of 6 km2.
-- Salar Turi is located 75 km north of and within the same geological and
physiographic zone as the Salar de Atacama, the current source of
approximately 30% of the world's lithium production - also within the
Mr. Terence Walker, M.Sc., P.Geo, qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release. Individual brine and salt samples where collected from surface pools and shallow 0.5 - 1.5m hand dug pits. Brine samples were collected in new 40 ml screw top sterile vials that were sealed and tagged at the sample site. All samples were shipped to ALS Patagonia Laboratories, Santiago, Chile, where they were prepared and the subsequent brine analyses were performed at the ALS Laboratory in Vancouver, Canada.
Kairos is a Canadian Corporation whose common shares are listed for trading on the TSXV (ticker symbol "KRS"). In addition to its lithium claims, Kairos holds a property portfolio consisting of approximately 26,850 hectares on six separate claim block areas located entirely within Chile which management believes are highly prospective for copper/gold deposits.
Kairos has scheduled a special and annual general meeting of its shareholders for February 28, 2017 wherein the shareholders will be asked to approve a name change to "KairosChile Corporation".
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
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Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Corporation, including information obtained from third party industry analysts and other third party sources. In some instances, material assumptions and material factors are presented elsewhere in this news release in connection with the forward-looking statements. 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; the success the Corporation will have in exploring its prospects and the results from such prospects. 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.
Kairos Capital Corporation
+56 98 129 2207