Chilean Metals Starts Drilling at Zulema
Chilean Metals Starts Drilling at Zulema
Toronto, ON. January 16, 2017 . 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. is pleased to announce it has commenced drilling on its primary project Zulema. Zulema is near
the town of Copiapo Chile and is located about 30 Km's from the Lundin Mining owned Candelaria mine.
The drilling program will test two geological distinct ta rgets looking for a Copper Gold sulfide deposit with
Candelaria as the model. The drilling program will be compri sed of 8 holes with the program targeted to drill up to
2500 of core drilling. The program commenced on the weekend and is expect to take approximately two months.
“We are very excited that drilling is started…we have been looking forward to this program with a lot of optimism.
It’s in a very prolific area and our mining professionals are very positive about this project. It will be an exciting next
couple of months” commented Chairman Terry Lynch.
“This is the culmination of many years hard work by our Management Team & Technical Leaders. We are very proud
to have executed stage #1 of our busine ss plan in 2016. We are extremely pr oud of our accomplishments and are
driven to execute our 2017 Business Plan to drive and maximize shareholder value.” stated Patrick J Cruickshank,
CEO.
Pictures of our drilling will be posted on the Chilean Metals website several times a week as it looks to show
shareholders and interested investors progress as it unfolds. Drilling program is expected to last approximately 6
weeks or perhaps longer. We expect about 30m /day a dvancement in the Atacama Desert, Chile. We have chosen
ActLabs as our Certified Labs to process our results and are expediting this stage of our program to get results back as
quickly as possible.
Day One: 1-15-17
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 Rive r, Parrsboro, Lynn and Ba ss 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 (Australia) 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". A ll 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 histori cal facts and are generally, but not always, identified by the wo rds "expects", "plans",
"anticipates", "believes", "intends", "est imates", "projects", "potential" and simila r expressions, or that events or condition s "will", "would", "may",
"could" or "should" occur. Forward-looking statements in this doc ument include statements regarding current and future explorat ion programs,
activities and results. Although CMX believes th e expectations expressed in such forw ard-looking statements are based on reason able assumptions,
such statements are not guarantees of future performance and act ual results may differ materially from those in forward-looking statements. Factors
that could cause the actual results to differ materially from t hose in forward-looking statements include market prices, exploi tation 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 su ch statements are not guarantees of future performance and ac tual results or
developments may differ materially from those projected in the forward looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the TSX Ventu re Exchange)
accepts responsibility for the adequacy or accuracy of this release.