Additional land includes expansion to one of
Kairos' high-priority lithium brine projects, where near-surface
samples have assayed up to 1280 mg/l
TSX Venture Exchange: "KRS"
CALGARY, Nov. 27, 2017 /CNW/ - Kairos Capital
Corporation ("Kairos" or the "Company") is pleased to
announce that it has increased its lithium project portfolio, from
twelve properties totaling 53,600 hectares, to fifteen properties
encompassing 134,200 hectares or 1342 km2 - an increase
of 150% in land size. The projects are located in Chile - the world's leading lithium producer
and host to world's largest, high-grade lithium reserves. A total
of 4,600 hectares were added to one of the Company's most
prospective, high-priority projects - Salar de Helados – where
near-surface samples have assayed up to 1280 mg/l (see news release
dated Jan 23rd, 2017). A
further 68,100 hectares were staked in the Salar de Pintadas and
7,900 hectares in the Salar de Llamara, located in the costal range
of Chile.
The Company has also nominated Mr. Andrew Bowering to the board of directors. Mr.
Bowering has over 28 years of experience in the mining sector,
including operating in South
America since 2007. He has founded and operated successful
mineral exploration and development companies worldwide. He is a
founder, director and significant shareholder of Millennial Lithium
Corp, one of the leading Argentine lithium exploration companies.
Millennial Lithium recently gained market attention through a 17%
strategic investment by one of the world's leading clean energy
companies.
Mr. Bowering, stated, "I am thrilled to join the team at
Kairos and believe strongly that the asset package the Company has
assembled is best in class. I look forward to working with
management and the board to make Kairos into a success for all
stakeholders."
News Highlights
- 150% increase in size of lithium project land package in
Chile, which is the world's
leading lithium producer and host to world's largest, high-grade
lithium reserves
- Land package now includes fifteen projects encompassing 134,200
hectares
- New land has been added to one of the company's flagship
projects (Helados), where near-surface samples have assayed up to
1280 mg/l, and where the company is currently undergoing
exploration activity
- Founder of Millennial Lithium nominated to Kairos Board of Directors
- All of Kairos' properties are 100% owned without any
encumbrances such as overriding royalties or net smelter royalties
or similar.
Steve Cochrane, CEO and President
of Kairos Capital, commented, "We are entering a very exciting
time for the company. Our technical team has not only increased our
Chile Lithium land package by 150%, it is also advancing our
exploration programs on our most prospective lithium brine
projects, which have near-surface samples assaying up to 1410 mg/l
(Coipasa) and 1280 mg/l (Helados). We have also nominated the
former founder of Millennial Lithium - Mr. Andrew Bowering - to the board of directors. Mr.
Bowering's experience in the South American Lithium sector, and his
International network, will be an invaluable asset to Kairos going
forward."
Kairos is pleased to confirm that the information circular in
respect of the upcoming annual and special meeting of shareholders
to be held on December 11, 2017 has
been mailed to shareholders and that Mr. Bowering's nomination has
been included therein. The Company also proposes to change its name
to Lithium Chile Inc., to better reflect the Company's business
activities.
Kairos also regrets announcing the sudden passing of one of the
Company's directors and corporate secretary, Mr. Douglas Stuve. Doug unexpectedly passed away
Wednesday November 22nd.
He will be deeply missed by all of us here at Kairos and our
thoughts are with his family at this difficult time.
The technical information in this corporate presentation 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 Capital Corporation, a qualified person.
Kairos also announces that its financial results for the third
quarter ended September 30, 2017
consisting of the unaudited condensed consolidated interim
financial statements and management's discussion & analysis
("MD&A") have been filed on SEDAR and can be viewed at
www.sedar.com
About Kairos Capital (TSX-V: KRS)
Kairos Capital is
advancing a lithium property portfolio consisting of approximately
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
lithium concentration and is currently the source of about 30% of
the world's lithium production. Kairos also owns a
significant Copper/Gold/Silver property portfolio consisting of
approximately 266 square kilometers over 6 different properties
located in Chile. Kairos has been
conducting preliminary exploration work which included 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".
Reader Advisory
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 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.
SOURCE Kairos Capital Corporation