Kairos Increases Lithium Land Package in Chile by 150%; Nominates Founder of Millennial Lithium to the Board Additional land includes expansion to one of Kairos' high-priority lithium brine projects, where near-surface samples have assayed
Kairos Increases Lithium Land Package in Chile by 150%;
Nominates Founder of Millennial Lithium to the Board
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 km
2
- 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 23
rd
, 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 22
nd
. 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
View original content: http://www.newswire.ca/en/releases/archive/November2017/27/c3422.html
%SEDAR: 00030645E
For further information:
Steven Cochrane, President and CEO, Kairos Capital Corporation, #900, 903 - 8th Ave SW, Calgary, Alberta T2P
0P7, (403) 852 7117, [email protected] or Al Kroontje, Chairman, (403) 607 4009, [email protected]
CO: Kairos Capital Corporation
CNW 02:01e 27-NOV-17