Kintavar Begins Drilling on Wabash Copper Project
08 November 2021 - 1:15PM
Kintavar Exploration Inc. (the “
Corporation” or
“
Kintavar”) (TSX-V: KTR), is very pleased to
announce that it has begun its drilling program on the Wabash
Copper project. This initial drilling program of up to 3,000 meters
is expected to be completed by the end of December.
The main objective of the program is to test the
main mineralized zones along the 8 km long favourable corridor.
This includes the Indiana area which has high grade copper and
silver horizons, Cloutier-Lapointe area which includes the very
high copper horizons with gold and silver (TR-GB1), the most
recently discovered Cooper area and the strong IP anomaly that
extends for over 1.7 km. The drilling program will provide
information on the distribution of the mineralization at depth, the
lateral extent of the mineralized horizons and finally how some of
these areas connect.
Summarized highlights from the Cloutier,
Lapointe and the Indiana areas that will be drill tested in this
program are presented below:
- Cloutier – TR-GB1
- 6.59% Cu, 58.7 g/t Ag &
0.66 g/t Au
- 6.29% Cu, 50.4 g/t Ag &
0.13 g/t Au
- 5.43% Cu, 42.5 g/t Ag &
0.35 g/t Au
- Lapointe – TR-07
- 7m @ 0.73% Cu, 20.5 g/t Ag
@ 1.11% Mn
- Indiana
- 1.90% Cu, 155.0 g/t Ag
& 0.55% Pb
- 1.87% Cu, 199.0 g/t Ag
& 1.27% Pb
- 1.24% Cu, 143.0 g/t Ag
& 0.66% Pb
“We are very excited to begin this drilling
program. By starting drilling in November, we should be able to
receive first results early in 2022. These results will be
important in both planning the next drilling program and as well
the next summer exploration program.” commented Kiril Mugerman,
President & CEO of Kintavar Exploration.
All samples have been sent and prepared
(PREP-31) by ALS Global laboratory in Val-d’Or. Gold is analysed in
Val d’Or using fire assay method (AU-AA25) with gravimetric finish
(Au-GRA21) for samples higher than 0.5 ppm Au. For base metals and
silver, the pulp was sent to ALS Global laboratory in Vancouver for
multi-elemental analysis by four acid digestion (ME-ICP61) with
ICP-AES finish. Samples with assays higher than 10,000 ppm Cu, Zn
or Pb, or 100 ppm Ag were reanalyzed with over limits methods
(CU-OG62, ZN-OG62, PB-OG62, or AG-OG62) at the ALS Global Vancouver
laboratory. Quality controls include systematic addition of blank
samples and certified copper standards to each batch of samples
sent to the laboratory.
Grab samples are selected samples and not
necessarily representative of the mineralization hosted on the
property.
NI-43-101 Disclosure Alain
Cayer, P.Geo., MSc., Vice-President Exploration of Kintavar, is
Qualified Person under NI
43‐101 guidelines who supervised and approved the preparation of the technical information in this news release.
Figure 1 : Wabash property – Main
Mineralized zones recently discovered
(pdf) accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a48ca127-2d7f-4d6e-9d70-b99f69952866
Figure 2: Wabash property – Tr-GB1
results over IP-16 anomaly (pdf) accompanying this
announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5dc5dab0-8170-48b3-a3cd-241cb2dc2773
About Kintavar Exploration & the
Mitchi – Wabash PropertiesKintavar Exploration is a
Canadian mineral exploration Corporation engaged in the
acquisition, assessment, exploration and development of gold and
base metal mineral properties. Its flagship project is the Mitchi –
Wabash copper-silver district (approx. 39 000 hectares, 100% owned)
located 100 km north of the town of Mont-Laurier and 15 km East of
the town of Parent in Quebec. Both properties cover an area of more
than 300 km2 accessible by a network of logging and gravel
roads with access to hydro-electric power already on site, major
regional roads including railroad and a spur. The properties are
located in the north-western portion of the central metasedimentary
belt of the Grenville geological province. The projects primarily
focus on sediment-hosted stratiform copper type mineralization
(SSC) but include Iron Oxide Copper Gold (IOCG) and skarn type
targets. Osisko holds a 2% NSR on 27 claims of the southern portion
of the Mitchi property, outside of the sedimentary basin. Kintavar
also has exposure in the gold greenstones of Quebec by advancing
the Anik Gold Project in a partnership with IAMGOLD and several
early-stage projects that were optioned by Gitennes
Exploration.
Kintavar supports local development in the
Mitchi-Wabash region where it owns and operates the Fer à Cheval
outfitter (www.feracheval.ca), a profitable and cashflow generating
operation where it employs local workforce. It as well works with
local First Nations to provide training and employment.
For further information contact:
Kiril Mugerman, President and CEOPhone: +1 450
641 5119 #5653Email: kmugerman@kintavar.comWeb:
www.kintavar.com
Forward looking Statements:
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains statements that may
constitute “forward-looking information” or “forward looking
statements” within the meaning of applicable Canadian securities
legislation. Forward-looking information and statements may
include, among others, statements regarding future plans, costs,
objectives or performance of the Corporation, or the assumptions
underlying any of the foregoing. In this news release, words such
as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”,
“anticipate”, “intend”, “plan”, “estimate” “target” and similar
words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should not
be read as guarantees of future performance or results, and will
not necessarily be accurate indications of whether, or the times at
or by which, such future performance will be achieved. No assurance
can be given that any events anticipated by the forward-looking
information will transpire or occur, including additional closings
of the private placement referred to above, or if any of them do
so, what benefits the Corporation will derive. Forward-looking
statements and information are based on information available at
the time and/or management's good-faith belief with respect to
future events and are subject to known or unknown risks,
uncertainties, assumptions and other unpredictable factors, many of
which are beyond the Corporation’s control. These risks,
uncertainties and assumptions include, but are not limited to,
those described under “Risk Factors” in the Corporation’s
management’s discussion and analysis for the fiscal year ended
December 31, 2020, which is available on SEDAR at www.sedar.com;
they could cause actual events or results to differ materially from
those projected in any forward-looking statements. The Corporation
does not intend, nor does the Corporation undertake any obligation,
to update or revise any forward-looking information or statements
contained in this news release to reflect subsequent information,
events or circumstances or otherwise, except if required by
applicable laws.
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