Chimata Files NI 43-101 Technical Report on Zimbabwe Lithium Project
07 April 2018 - 3:40AM
Chimata Gold Corp. (TSX.V:CAT)
(
“Chimata” or the
“Company”)
announces that the Company has filed an NI 43-101 Technical Report
(the
“Provisional Report”) available on
www.sedar.com for its Kamativi Lithium Tailings Project (the
“
Project”) in Zimbabwe as per the announcement
made on March 6, 2018. The Provisional Report was completed in
order to further define the scope of the lithium deposit on the
Kamativi Lithium Tailings property (the
“
Property”) and to better understand the potential
of the upcoming work being completed on the potential Mineral
Resource, as this term is defined in NI 43-101 Respecting Standards
of Disclosure for Mineral Projects (“
NI
43-101”).
The Provisional Report reveals an exploration target on the
Property with a volume range of 14,800,000 to 15,080,000 cubic
meters and a tonnage range of between 23,000,000 to 25,000,000
metric tonnes of tailings material can be reported ranging from
0.40% - 0.84% Li2O, the Kamativi Tailings Stockpile
(“KTS”). The potential tonnage and grade is
conceptual in nature as there is insufficient exploration data to
define a Mineral Resource, as this term is defined in NI 43-101.
The Company cautions that further exploration may not result in the
delineation of a Mineral Resource estimate.
ON BEHALF OF THE BOARD
Richard Groome
Chairman and Interim President and CEO
Further information regarding the Company can be found on SEDAR
at www.SEDAR.com, or by contacting the Company directly at (604)
674-3145.
This news release may contain forward–looking
statements. Forward-looking statements address future events
and conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Particular risks
applicable to this press release include risks associated with
planned production, including the ability of the company to achieve
its targeted production outline due to regulatory, technical or
economic factors. In addition, there are risks associated with
estimates of resources, and there is no guarantee that a resource
will have demonstrated economic viability as necessary to be
classified as a reserve. There is no guarantee that additional
exploration work will result in significant increases to resource
estimates.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
We seek safe harbour.
Steve Cozine
604-674-3145 steve.cozine@chimatagoldcorp.com
Chimata Gold Corp. (TSXV:CAT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Chimata Gold Corp. (TSXV:CAT)
Historical Stock Chart
From Sep 2023 to Sep 2024