PNPN.V · 2018-05-29

Magnetic (PE Mick Sharry ed on the m a with pierce po Commence 29, 2018 Ch QB: CMETF to announc e The target i

Exploration Programs

es Drilling On Bass R Chilean C Commence River‐ Castlereagh Pr roject

Toronto	, ON. May	29, 2018 Ch	ilean Metals	Inc. (“Chil	ean Metals,	” “CMX” or	the “Comp	any”)
(TSX.V:	CMX, OTC	QB: CMET	F, SSE:CM	X, MILA: C	MX).	our Bass R	iver project	at the
	very pleased	to announce	that we hav	e commence
“We are					d drilling on
Castlerea	gh prospect.	The target i	s a large ele	ctromagnetic	anomaly th	at was ident	ified first th	rough
VTEM an	d then recen	tly refined by	Minotaur E	xploration Lt	d.’s (Austral	ia) analysis o	f the ground	Pulse
Electro-M	agnetic (PE	M) data col	lected by C	learview Ge	ophysics Ltd	” commente	d Chilean	Metals
President	Mick Sharry	.	initial drill h	oles are plan		e strongest p	art of the lat	e-time
	ed on the ma	p below the
As outlin					ned to test th
anomaly	with pierce p	oints approxi	mately 100m	apart alone s	trike and 60	m apart down	dip.

Minotaur	Exploration	Ltd (Australi	a) has confir	med the VTE	M and PEM	target at Cas	tlereagh. The	body
is interpre	ted to have a	strike length	of 540 mete	rs and a dept	h extension o	f 467 meters.	The target d	ips 50
degrees t	o the southea	st. Both airbo	rne and grou	nd work sug	gest the targe	t extends to t	he northeast	off of
the surve	y grid.	he airborne a	nd ground g			plate modeli	ng, the Castle
	sted by both t
As sugge
								reagh
				eophysics and	subsequent
Target is	of substantial	size and acc	ordingly, sho	uld be tested	by two initia	l drill holes.	zation. Castle	reagh
	uthwest, drill	ing of the Ga	mble Lake t	arget encount		Ag minerali
To the so					ered Pb, Zn,
is the pro	jected exten	sion of this	mineralizatio	n but the ge	ophysical ta	rget is subst	antially large	r and
stronger t	han that drill	ed in at Gam	ble Lake in 2	015.”

“We are v very excited t to be commen ncing drilling g on the Bass River Castlereagh project

t. It is the firs st in a series of d drilling progr rams we will launch over this summer and fall in N Nova Scotia to

test a numb ber of

large high hly prospecti ive Gold, Co opper, Lead/Z Zinc/Silver a and Cobalt ta argets. Nova Scotia is qu uietly y what it sees in its becoming g a very attrac ctive mineral exploration l location and C Chilean is ver ry excited by land pack kage and is lo ooking forwa ard to deliver ring some pos sitive news t to our share a and stakehold ders.” commente ed Chilean CE EO Terry Ly ynch.

About Ch hilean Metal ls,

www.chi ileanmetals.c com/

Chilean	Metals Inc.	is a Cana	dian Junior	Exploratio	n Company	focusing o	n high pot	ential
Copper	Gold prospe	cts in Chile	& Canada.

Chilean M Metals Inc is 100% own ner of five p properties co omprising ov ver 50,000 a acres strategi ically located in the prolific IOCG (“Iron oxide-copper-gold”) belt of northern Chile. It also owns a 3% NSR royalty interest on any future production from the Copaquire Cu-Mo deposit, recently sold to a subsidiary of Teck Resources Inc. (“Teck”). Under the terms of the sale agreement, Teck has the right to acquire one third of the 3% NSR for $3 million dollars at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s First Region.

Chilean Metals Inc is the 100% owner of four Copper Gold exploration properties in Nova
Scotia on the western flank of the Cobequid-Chedabucto Fault Zone (CCFZ); Fox River,
Parrsboro, Lynn and Bass River North respectively. Initial targeting and geophysics has been
conducted on all properties, At Bass River North, airborne geophysics identified a major VTEM
cluster on trend with the Pb/Zn/Ag mineralization exposed at surface and in drill holes to the
southwest. Modeling of the airborne data and subsequent	by
Minotaur (Australia) identified 1 target of considerable size for priority drilling.

ON BEHALF OF THE BOARD OF DIRECTORS OF Chilean Metals Inc.

“Terry Lynch”

Terry Lynch, Chairman & CEO

Contact: [email protected]

Forward-looking Statements: This news release may contain certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that CMX expects to occur, are forward looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this document include statements regarding current and future exploration programs, activities and results. Although CMX believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration success, continued availability of capital and financing, inability to obtain required regulatory or governmental approvals and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

The Qualified Person for Chilean Metals Inc., as defined by National Instrument 43-101, is Mick Sharry, M.Sc. Consultant

Neither t	he TSX Ven	ture Exchan	ge nor its R	egulation S	ervices Pro	vider (as th	at term is de	fined
in the po	licies of the	TSX Ventur	e Exchange)	accepts res	ponsibility	for the adeq	uacy or acc	uracy
of this re	lease.

← Back to feed