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

[Larry Atkins]

List,
Does anyone know where in Arizona this is?

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


Sincerely,
Larry Atkins
 
IMCA # 1941
Ebay alienrockfarm
 


-----Original Message-----
From: Ron Baalke via Meteorite-list <meteorite-list at meteoritecentral.com>
To: Meteorite Mailing List <meteorite-list at meteoritecentral.com>
Sent: Wed, Dec 2, 2015 6:32 pm
Subject: [meteorite-list] Key Capital Announces Major Potential Meteorite Mining Opportunity Joint Ventured



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.

______________________________________________

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