Drilling Activities & Initial Assays at Kamativi Lithium Tailings Project
#202 – 905 West Broadway, Vancouver, BC V5Z
4M3
CSE - CAT
CHIMATA GOLD CORP
COMPLETES PLANNED DRILLING ACTIVITIES AND ANNOUNCES INITIAL Li2O ASSAYS AT
KAMATIVI TAILINGS LITHIUM PROJECT
Vancouver, BC August 27, 2018 – Canadian strategic metals company Chimata Gold Corp. (CSE: CAT)
(“Chimata” or the “Company”) is pleased to announce the completion of its drilling program and
release of Li2O assay results and it is on track to complete a maiden NI 43-10 Resource Statement at
its Kamativi Tailings Lithium Project in Zimbabwe.
High grade Li2O intercepts include:
• Hole KT 99: Length 15.00m @ 1.07% Li2O
• Hole KT 98A: Length 21.70m @ 0.94% Li2O
• Hole KT 108: Length 14.30m @ 0.91% Li2O
• Hole KT 101: Length 24.00m @ 0.89% Li2O
• Hole KT 108A: Length 23.46m @ 0.87% Li2O
• Hole KT 101A: Length 28.50m @ 0.87% Li2O
• Hole KT 107: Length 17.40m @ 0.86% Li2O
• Hole KT 99A: Length 31.50m @ 0.86% Li2O
Resource Drilling Program
The Company is pleased to announce the completion of its initial drilling program at the Kamativi
Tailings Lithium Project (the “Project”). The drilling program comprised a total of 114 holes nominally
spaced on a 100 x 100m grid pattern drilled vertically through the historic surface tailings facility at
the dormant Kamativi Tin Mine, Kamativi, Zimbabwe. The total meters drilled during this program
amounted to 1,865m. The results of the individual hole depths declared, reinforce the Company’s
belief and expectation of volume of tailings contained at the tailings storage facility. For details of hole
depth refer to Table 1 found in Appendix B.
The Company collected samples for assay throughout the drill campaign. A total of 1,261 samples
were taken during the program. The Company is pleased to announce that all assays have been
exported to SGS South Africa (Pty) Ltd. All assaying and laboratory analysis has been completed and
full intersections with results to date are provided in Table 2 of Appendix C.
All laboratory analyses were conducted at the SGS South Africa, Randfontein Laboratory. SGS
Randfontein is an accredited laboratory and complies with the requirements of ISO17025.
Determination of multi element assay values carried out by means of sodium peroxide fusion, ICP-
OES+ ICP-MS finish.
The results from Kamativi have demonstrated the presence of the Li2O throughout the Tailings Facility
with assay results returning high-grade Lithia intersections between 0,37-1.07% Li2O. The completion
of the assay program will contribute towards a maiden resource statement planned to be announced
in September 2018.
One of South Africa’s leading geological consultants, The MSA Group (“MSA”) personnel were engaged
and had been present on site throughout the program, providing independent QA/QC monitoring and
management of the drilling campaign. MSA have been retained to complete a mineral resource
statement based on the drilling program and completion of assays, culminating in the compilation of
a NI 43-101 Technical Report for the Project. Further information on MSA can be found on their
website at: http://msagroupservices.com/
Zimbabwean drilling contractor Optimum Drilling (Pvt) Ltd were engaged to provide drilling services
for the program. Drilling comprised a combination of open core drilling and power cased auger drill
rigs. Drilling operations commenced 2nd March 2018 and completed 18th May 2018. Hole depth varied
from <5m around the tailings facility perimeter to a maximum of 37,3m Hole KT79.
John McTaggart – Managing Director of Zimbabwe Lithium commented “We are extremely pleased
with the results that we have received from this resource drilling program. The results are consistent
with the preliminary exploration data we collected during the initial evaluation phase conducted
between 2015 and 2017. The Government of Zimbabwe has implemented strategies to fast track the
development of projects of national importance through its Rapid Results Initiative. The Kamativi
Tailings Lithium Project has benefitted from the support it has received through inclusion in this
process, further adding to the confidence that we have in this extraordinary project. The completed
resource drilling program is a key deliverable in the prioritised development of this project, allowing
us to rapidly advance to the next stage of this project.”
The tailings facility has been defined as covering an area of approximately 1 Km2. Please refer to
Appendix A of this News release for Plans and Sections of the Tailings Storage Facility.
Alain Moreau, a “qualified person” as defined by NI 43-101 – Standards of Disclosure for Mineral
Projects has approved the scientific and technical disclosure in this press release.
ON BEHALF OF THE BOARD
Richard Groome
Chairman and Interim President and CEO
Further information regarding the Company can be found on SEDAR at www.SEDAR.com, or by
contacting the Company directly at 1(604) 674-3145.
This news release may contain forward–looking statements. Forward-looking statements address
future events and conditions and therefore involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements. Particular risks applicable to this
press release include risks associated with planned production, including the ability of the company to
achieve its targeted production outline due to regulatory, technical or economic factors. In addition,
there are risks associated with estimates of resources, and there is no guarantee that a resource will
have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee
that additional exploration work will result in significant increases to resource estimates
Neither CSE nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.
We seek safe harbour
Appendix A – Plans and Cross Sections*