[meteorite-list] Key Capital Announces Major Potential Meteorite Mining Opportunity Joint Ventured

From: Ron Baalke <baalke_at_meteoritecentral.com>
Date: Wed, 2 Dec 2015 17:32:37 -0800 (PST)
Message-ID: <201512030132.tB31WbOa027108_at_zagami.jpl.nasa.gov>

http://money.cnn.com/news/newsfeeds/articles/marketwire/1233264.htm

Key Capital Announces Major Potential Meteorite Mining Opportunity Joint Ventured
CNN Money
December 02, 2015: 08:30 AM ET

Key Capital Corporation (OTC PINK: KCPC) ("Key Capital" or "the Company")
advises that the Company has entered into a joint venture for the exploitation
of a highly promising and exciting Arizona resource property.

The orebody located on the property is well known as a magnetite resource
having been the subject of extensive historic exploration since the 1960s.
In recent years, through identification of extraordinary high-grade iridium
in samples, it became evident that a significant part of the orebody on
the property is of meteorite origin, and it was established that the orebody
presented major potential for precious metals and PGMs.

Iridium is usually found naturally only in small concentration and quantity
and the total annual world production of iridium, which sells for around
US$580 per ounce, is only 3 tons. Concentrations of iridium such as in
the analysis of ore samples from the property, including associated high-grade
osmium, is only found in meteorites in association with other high-grade
precious metals, and the ore in this case appears to be "Achondrite" in
origin.

Recognizing that an alternative assay approach needed to be used, an ore
sample was sent to an independent specialist laboratory and the resultant
reported precious and rare metals content proved to be extraordinary:

In general, the natural composition of a meteorite is relatively consistent
and in most cases very rich in mineralization. The opportunity to capitalize
on the potential of this identified meteorite ore is unique and exciting,
and, subject to expectations being met during the course of bulk sampling
commencing in Q1, 2016, it is planned to then commence mining operations
by 2016 year-end.

The project does not have a proven resource or reserve and is not compliant
with SEC or NI 43-101 reporting standards. However, when considering the
relatively high content of precious and rare metals known to be found
in certain meteorites when compared to traditional mines, the Company
has determined that the most effective and efficient method of development
is to prove up grade, recoverability and viability through bulk sampling,
and then to move directly to scaled-up commercial production.

Christopher Nichols, President/CEO of Key Capital stated: "The idea that
asteroids can be mined for their high-grade valuable resources has been
around for years and in recent times has attracted many high-profile investors
including Larry Page, Eric Schmidt, James Cameron, Ross Perot, and Richard
Branson. The opportunity to mine a meteorite presents unique potential,
but without the high-risk, expected costs and uncertainty of establishing
mining operations in a space environment."

ABOUT KEY CAPITAL: Key Capital is a financial services company providing
alternative finance solutions to resource and energy projects. The Company
is growing a Mineral and Energy Bank of accretive interests in diverse
commodity streams through the provision of structured and equity financing
for mid-market resource production in mines containing gold, silver, or
base metals, or in energy products. The Company is a Georgia corporation
headquartered in Scottsdale, Arizona.

Disclaimer Statements made in this press release that express the Key
Capital or Company or management's intentions, plans, beliefs, expectations
or predictions of future events, are forward-looking statements. The words
"believe," "expect," "intend," "estimate," "anticipate," "will" and similar
expressions are intended to further identify such forward-looking statements,
although not all forward-looking statements contain these identifying
words. Those statements are based on many assumptions and are subject
to many known and unknown risks, uncertainties and other factors that
could cause Key Capital's or the Company's actual activities, results
or performance to differ materially from those anticipated or projected
in such forward-looking statements. Key Capital and the Company cannot
assure future financial results, levels of activity, performance or achievements
and investors should not place undue reliance on Key Capital's or the
Company's forward-looking statements.
Received on Wed 02 Dec 2015 08:32:37 PM PST