CHIMATA FILES NI 43-101 TECHNICAL REPORT ON ZIMBABWE LITHIUM PROJECT
Vancouver, BC April 6th, 2018 – 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
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.