CMX Acquires Airborne Data Over Cobequid Cobalt Projects
CMX Acquires Airborne Data Over Cobequid Cobalt Projects
Toronto, ON. June 19, 2018 Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”)
(TSX.V:CMX, OTCQB: CMETF, SSE:CMX, MILA: CMX) has contracted Precision GeoSurveys to
conduct detailed Magnetics and Radiometrics surveys over three of the Company properties in the
Cobequid Highlands including over the recently acquire d Trident Prospect at Bass River. This will be
followed by IP surveys over the areas defined by in terpretation of the Magnetics and Radiometrics to be
high priority areas of interest for Cobalt and Base metals.
“We are very positive about our properties in the Cobequid Highlands and the potential for a major
Cobalt and/or base metals discovery. We have just completed Phase 1 of drilling at the Bass River
Castlereagh prospect and samples have now been submitted to ActLabs for analysis. We expect to receive
assay results around mid July.
We have also submitted drill core samples from historic drilling done on the combined Bass River project
as much of the previous drill core was not sampled for Cobalt, Precious or Base Medals. These assay
results will be integrated with data from the magnetics, radiometrics and IP surveys to define drill targets.
We expect to conduct Phase 2 of drilling at Bass Ri ver on the “Trident” target commencing in the second
half of Q2” commented Mick Sharry Chilean President.
About Chilean Metals,
www.chileanmetals.com/
Chilean Metals Inc. is a Canadian Junior Expl oration 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-coppe r-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 a ny 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 Coppe r, Cobalt & Gold exploration properties in Nova
Scotia on the western flank of the Cobequid-Chedabuc to Fault Zone (CCFZ); Fox River, Parrsboro, Lynn
and Bass River North respectively.
ON BEHALF OF THE BOARD OF DIRECTORS OF
Chilean Metals Inc.
“Terry Lynch”
Terry Lynch, CEO
Contact: [email protected]
The Qualified Person for Chilean Metals Inc., as define d by National Instrument 43-101, is Mick Sharry,
M.Sc. Consultant
Forward-looking Statements: This news release may contain certain statements that may be deemed
"forward-looking statements". All statements in this rel ease, 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 histor ical facts and are generally, but not always, identified
by the words "expects", "plans", "a nticipates", "believes", "intends", "estimates", "projects", "potential"
and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Forward-looking statements in this document include statements regarding current and future exploration
programs, activities and results. Although CMX believ es the expectations expressed in such forward-
looking statements are based on reasonable assumptions , such statements are not guarantees of future
performance and actual results 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 e xploration success, continued availa bility of capital and financing,
inability to obtain required regulatory or governmen tal approvals and genera l economic, market or
business conditions. Investors are cautioned that an y such statements are not guarantees of future
performance and actual results or developments may differ materially from those projected in the
forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation S ervices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.