CALGARY, ALBERTA--(Marketwired - Jan. 18, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Kairos Capital Corporation (TSX VENTURE:KRS) ("Kairos") is pleased to announce that it has received assays from the first of its ongoing lithium brine and salt check sampling program on the lands which were the subject of the recently closed Chilean Lithium Claims Acquisition. Highly significant lithium, potassium and boron assays worthy of immediate follow-up have been received from both brine and salt samples at surface and within 1.5 m of surface. Sampling completed to date covers approximately 38% of the 18 km2 Talar salar claim group. The Talar claim group represents approximately 13% of the total 266 km2 claim group which involving 5 separate salars which were acquired by Kairos. All of the salars lie within Chile, in the heart of South America's "Lithium Triangle".
"The initial results released today on the first of 5 salar projects acquired by Kairos confirm management's conviction that the acquired lithium claims have excellent potential". "These results, which were obtained essentially from surface, confirm the existence of high lithium concentrations to which low cost evaporative processing could be applied" said Al Kroontje, Kairos's President. Terry Walker, Kairos' Chilean based VP of Exploration confirmed that "We look forward to aggressively following up these results with additional phases of more detailed exploration, including drilling, to investigate the lithium concentrations on the Talar project at depth - probably to depths up to 200 meters".
- Surface brine results from south flank of the halite core at Talar salar range from a low of 260 mg/l to a high of 740 mg/l and average 485 mg/l over an area of 7 km2
- The Talar salar is located 50 km SE of the Salar de Atacama, current source of 30% of the World lithium production, within the same geological and physiographic zone as Salars Pedernales and Maricunga, both containing significant lithium resources.
- The Talar salar is readily accessible year round by road from the City of Calama.
Mr. Terence Walker, M.Sc., P.Geo, qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release. Individual brine and salt samples where collected from surface pools and shallow 0.5 - 1.5m hand dug pits. Brine samples were collected in new 40 ml screw top sterile vials that were sealed and tagged at the sample site. All samples were shipped to ALS Patagonia Laboratories, Santiago, Chile, where they were prepared and the subsequent brine analysis was performed at the ALS Laboratory in Vancouver, Canada.
Kairos is a Canadian Corporation whose common shares are listed for trading on the TSXV (ticker symbol "KRS"). In addition to the Lithium Claims, Kairos holds a property portfolio consisting of approximately 26,850 hectares on six separate claim block areas also located entirely within Chile which management believes are highly prospective for copper/gold deposits.
Kairos has scheduled a special and annual general meeting of its shareholders for February 28, 2017 wherein the shareholders will be asked to approve a name change to "KairosChile Corporation".
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.
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