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Kal Minerals (CSE:KAL) New Listing

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The company is a Canadian junior mineral exploration company. The company has an option to acquire a 100% undivided interest in the Jack White Property, located approximately 13 kilometres northeast of the town of Boston Bar and approximately 45 kilometres southwest of the City of Merritt, British Columbia.

Additional Information:

Company: Kal Minerals
Stock Symbol: CSE: KAL
Date Published: Oct 26, 2018
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

Kal Minerals is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “KAL”.

The company is a Canadian junior mineral exploration company.

The company has an option to acquire a 100% undivided interest in the Jack White Property, located approximately 13 kilometres northeast of the town of Boston Bar and approximately 45 kilometres
southwest of the City of Merritt, British Columbia.

The Jack White Property is comprised of four mineral tenures covering approximately 2,202 hectares.

The company can earn 100% interest in the Property, subject to a 2% NSR Royalty by:
• Making total cash payments of $387,500
• Issuing a total of 1,300,000 common shares, and
• Incurring a total of $1,850,000 in expenditures,

in staged payments over several years.

In 1959 Noranda Explorations completed six lines of dip needle survey with stations at intervals of
50 feet, reduced to intervals of 10 feet where magnetite concentrations were encountered.

Recordings at 200 stations indicated a main zone of mineralization over a 500-foot length striking approximately north-south with magnetic concentrations over widths averaging 45 feet.

A 2017 work program consisted of a program of rock, silt, and soil geochemical sampling, and a ground magnetic survey.

Several rock samples taken during the sampling program were anomalous in copper, and samples of massive magnetite typically contained upwards of 30% iron to a maximum of 36%.

The magnetic survey encountered several zones of extremely high magnetic intensity associated with veins and lenses of massive magnetite mineralization.

For more information please refer to the 43-101 Technical Report on Sedar.

The shares are currently bid at eleven and a half cents. ($0.115).

For more information, please contact Martin Bajic at 604-551-6770 or by email at martin@nwcapital.ca.

I’m Erica James for Investmentpitch Media