Kairos Announces Drilling Results from Salvadora – One of Its Legacy Copper/GOLD/Silver Properties TSX Venture Exchange: “Krs”
KAIROS ANNOUNCES DRILLING RESULTS FROM SALVADORA – ONE OF ITS LEGACY
COPPER/GOLD/SILVER PROPERTIES
TSX Venture Exchange: “KRS” FOR IMMEDIATE RELEASE
CALGARY, ALBERTA April 18, 2017 – Kairos Capital Corporation (“ Kairos” or the “ Corporation”) is
pleased to report the results from the first two holes of a first stage reconnaissance drilling program at its
Salvadora copper/gold/silver property in Chile. Salvadora is one of six copper/gold/silver projects that
were part of Kairos prior to Kairos acquiring its significant lithium salar property portfolio . This initial
drilling program on Salvadora was undertaken to follow up the exploration work Kairos c ompleted before
closing the Lithium property acquisition at the end of last year.
The holes were drilled under and across two different mineralized structures that are evident on surface
and which have been mined on a small scale in the past. T he two structure systems are known as La
Fortuna and Feliz Retiro. The results are as follows:
Zone Hole From To Width (m) Cu (%) Au (g/t) Ag (g/t)
La Fortuna SAL-02 36.0 70.0 34.0 1.48 0.22 8.5
including 48.0 62.0 14.0 2.95 0.27 13.5
including 48.0 54.0 6.0 5.71 0.12 21.7
Feliz Retiro SAL-01 95.0 127.0 32.0 0.32 1.66 2.3
including 109.0 116.0 7.0 0.26 4.55 7.5
including 111.0 114.0 3.0 0.29 7.25 9.2
La Fortuna is one of three 15 -50 meter wide structurally controlled copper, gold and silver mineralized
systems that can be traced for over 4 kilometres across the NE quadrant of the Salvadora property. Hole
Sal 02 was drilled to test the depth extension of surface oxide copper -gold mineralization grading up to
1.4% copper and 2.7g/t gold over 4.6 meters which was encountered during surface sampling. Hole SAL-
02 encountered exclusively oxide mineralization the depth extent of which will have to be established with
additional drilling.
Feliz Retiro is one of five 15 -50 meter wide structurally controlled gold and silver mineralized systems
that comprise the 300 meter wide by 6 k ilometer long historic high grade Arco de Oro mine trend on the
west half of the Salvadora Property. Hole Sal 01 was dri lled to test the depth extension of high grade
oxide gold -silver mineralization grading up t o 154 g/t gold over 1 m eter encountered during surface
sampling. Hole SAL-01 encountered exclusively oxide mineralization the depth extent of which will also
have to be established with additional drilling.
Terence Walker, Kairos’ VP Exploration in Ch ile noted: “by drilling across these two separate structure
systems that are evident at surface, our aim was to obtain initial indications about the widths and grades
of mineralization within the systems. This drilling was funded from the remainder of the funds raised by
Kairos on January 4, 2017 while the funds raised from Kairos’ March 16, 2017 private placement will be
used to advance Kairos’ Lithium property po rtfolio upon which highly encouraging results have already
been obtained. Given these results from Salvadora, Kairos wishes to conduct additional drilling across
both the La Fortuna and Feliz Retiro systems to better understand the depth to which these structures
might extend as well as along strike given that the systems can be traced at surface for over 4 kilometers
in the case of La Fortuna and over 6 kilometers in the case of Feliz Retiro. We will investigate alternative
methods to fund additional drilling on these structures and look forward to conducting that further drilling
in the near future”.
Qualified Person
Mr. Terence Walker, M.Sc., P.Geo , qualified person within the meaning of National Instrument 43 -101,
has reviewed the contents of th is news release. During the course of the drilling program all samples
were cut from the drill core using a diamond saw by experienced Kairos staff under the supervision of Eric
Hanson P.Geo, a qualified person within the meaning of National Instrument 43 -101. Each sample,
consisting of one half of the relative core interval selected , was bagged and sealed on site and delivered
by Kairos staff to the ALS prep -lab in Copiapó for processing. ALS subsequently shipped a 30g sub -
sample pulp to the ir laboratory in Lima, Peru where they were analysed for gold by fire assay pre -
concentration, AA finish and 35 other elements, including copper and silver, by the ICP technique
following Agua Regia digestion.
About Kairos
Kairos is engaged in advancing a significant Lithium property portfolio consisting of approximately 360
square kilometers on 7 different salars in Chile . Sampling conducted by Kairos to date has yielded
Lithium assay results from at and near surface brines of up to 1410 mg/l and 1110 mg/l on 2 of its 7 salar
properties which approach the production grades from the Salar de Atacama . The sampling program
over Kairos’ Lithium property portfolio is ongoing.
In addition to its Lithium property portfolio, Kairos also holds a significant Copper/Gold/Silver property
portfolio con sisting of approximately 269 square kilometers over 6 different properties , also all located
within Chile. Kairos has been conducting preliminary exploration work , including surface sampling and
mapping and IP surv eys, on those legacy properties for the past 4 years. Kairos intends to evaluate
options to secure the funds necessary to follow up on its Salvadora drilling results and continue
exploration work on other of its legacy Copper/Gold/Silver properties.
Not for distribution to U.S. news wire services or dissemination in the United States.
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material factors are presented elsewhere in this news release in connection with the forwa rd-looking
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of the economic and political environme nt in which the Corporation operates; the timely receipt of
required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable
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undue reliance on forward -looking statements. The Corporation does not undertake to update any
forward-looking statements herein, except as re quired by applicable securities laws. All forward -looking
statements contained in this press release are expressly qualified by this cautionary statement.
For further information contact
Al Kroontje, President
Kairos Capital Corporation
#900, 903 – 8th Ave SW
Calgary, Alberta T2P 0P7
(403) 607-4009; or via e mail: [email protected]
or:
Terence Walker, VP Exploration
La Serena, Chile
+56 98 129 2207 or via e mail: [email protected]