Chilean Metals – Bass River North JV Completes PEM Geophysics Program at Bass River – CastleReagh Project.
Chilean Metals – Bass River North JV Completes PEM
Geophysics Program at Bass River – CastleReagh Project.
BASS RIVER, NS. January 8th, 2018. Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”)
(TSX.V: CMX, OTCQB: CMETF, SSE:CMX, MILA:CMX, FRA: IVV1, BER : IVV1).
Chilean Metals Inc and Bass River North JV Team are pleased to report that they have completed the
PEM Geophysics work at their Bass River – CastleReagh Project in Nova Scotia, under the direction of
Chilean Metals & its Technical Committee.
Joe Mihelcic, P. Eng, President, Clearview Geophysics Inc.
Gary Lohman, VP of Exploration stated, “We are very pleased to get the CastleReagh program underway
and look forward to commencing our drill program on these high priority targets in the Cobequids”.
PEM equipment on site, CastleReagh, Nova Scotia.
ClearView Geophysics Inc., Brampton, Ontario, completed a three component fixed loop TDEM (PEM)
Survey totaling 7.6 km. over Priority Targets, BRN_VT01 and BRN_VT03 at CastleReagh, north of Bass
River, Nova Scotia as recommended by Minotaur Exploration (Australia) and our Technical Committee.
The dataset was forwarded to Minotaur Exploration (Australia) for processing and interpretation. Under
direction of Dr. Tony Belperio, Minotaur is processing & modeling the data, the final report providing
drill hole coordinates, depth, azimuth and target characteristics. Chilean Metals – Bass River JV Team is
looking forward to announcing & preparing for its drill program.
PEM Profile Line 100, Bass River North – CastleReagh Project
About Chilean Metals
www.chileanmetals.com/
Chilean Metals Inc. is a Canadian Junior Exploration Company focusing on high potential Copper Gold prospects in
Chile & Canada.
Chilean Metals Inc is 100% owner of five properties comprising over 50,000 acres strategically 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 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 by Minotaur Exploration (Aus tralia) identified 3 priority
targets recommended for ground based geophysics prior to drilling.
ON BEHALF OF THE BOARD OF DIRECTORS OF Chilean Metals Inc.
“Terry Lynch” “Patrick J Cruickshank”
Terry Lynch, Chairman Patrick J Cruickshank, President & CEO
Contact: [email protected] [email protected]
The Qualified Person for Chilean Metals Inc., as defined by National Instrument 43-101, is Gary Lohman, P. Geo.,
Vice President, Exploration.
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 deve lopments that CMX expects to occur, are f orward looking
statements. Forward-looking statements are st atements that are not historical facts and are generally, but not always, identifi ed 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" o ccur. Forward-looking statements in this document include statements regarding cur rent 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 fu ture performance and actual resu lts 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 explorati on success, continued availability of capital and fi nancing, inability to obt ain required regulatory or governmental
approvals and general economic, market or business conditions. Investor s are cautioned that any such statements are not guarant ees of future
performance and actual results or developments may differ materi ally from those projected in the forward looking statements. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined in th e policies of the TSX Venture Exchange) ac cepts
responsibility for the adequacy or accuracy of this release