Clarification: Historical Mineral Resource Estimate at Roger Project
Clarification: Historical Mineral Resource
Estimate at Roger Project
Montreal, Quebec--(Newsfile Corp. - August 6, 2025) -
KINTAVAR EXPLORATION INC.
(TSXV:
KTR)
(
the "
Corporation
" or "
Kintavar
"
)
, provides a clarification in relation to its news release of August
5, 2025 titled, "
Kintavar fait le point sur l'acquisition du projet Roger or-cuivre, la reprise des échanges
et l'assemblée des actionnaires
" (the "
Press Release
").
The Corporation wishes to clarify that the estimates provided in the section "
Information about the
Roger Project
" from the Press Release, did not contain a current mineral resource estimate and such
information is provided as a "historical estimate" within the meaning of National Instrument 43-101
Standards of Disclosure for Mineral Projects ("
NI 43-101
"). As a result, the Corporation wishes to clarify
and reissue the disclosure provided in the Press Release regarding the Roger Project as per the below,
and provide additional information and cautionary language as required by NI 43-101.
Information about the Roger Project
The Roger Project contains the following historical estimates per a NI 43-101 technical report, titled: "NI
43-101 Technical Evaluation Report on the Roger (1206) Property" dated October 9, 2018 by Alain-
Jean Beauregard, P. Geo., OGQ, FGAC and Daniel Gaudreault, Eng., OIQ, Geologica Groupe-Conseil
Inc. (the "
2018 Technical Report
"). The 2018 Technical Report disclosed a cut-off grade of 0.45 g/t
gold-equivalent and that the project had a historical resources estimate of 10,900,000 metric tonnes at a
grade of 0.85 g/t of gold, 0.80 g/t of silver and 0.06% of copper for a total of 333,000 ounces of gold-
equivalent, with a historical resource estimate at 6,569,000 metric tonnes at a grade of 0.75 g/t of gold,
1.18 g/t of silver and 0.11% of copper for a total of 202,000 ounces of gold equivalent.
The following
metal prices were used in the calculation of gold-equivalent: 1,240 US$ for Au (ounce), 16.528 US$ for
Ag (ounce) and 6.549 US$ Cu (Kg) (see XXIX Metal Corp.
news release dated April 5, 2021
).
The
Roger project mineral resources estimate per the 2018 Technical Report are historical in nature and
readers are referred to the statement below regarding historical resources.
The following information was summarized from a technical report dated June 20, 2025 entitled "43-101
Technical Report on the Roger Property" (the "
Technical Report
"). The Technical Report was prepared
for the Corporation by Alain-Jean Beauregard, P. Geo, whom is a qualified persons as per the NI 43-
101 and is independent of the Corporation applying the tests set out in NI 43-101. A copy of the
Technical Report is filed under the Corporation's SEDAR+ profile at
www.sedarplus.ca
.
The Roger Project is located approximately five (5) kilometers northwest of Chibougamau. The Roger
Project is part of McKenzie Township in National Topographic System (NTS) map sheet 32G16. The
center of the Roger Project is located at NAD 83 UTM Zone 18N coordinates 542 200 m E and 5 534
100 m N. The Roger Project consists of 28 map designated mineral claims ("
CDC
") covering a total
area of 986.54 hectares. All claims are in good standing and are 50% registered to each of XXIX Metals
and SOQUEM. The status of the claims was validated using "GESTIM", the official Quebec government
system for mining titles management, easily available on the Quebec Natural Resources and Forest
Ministry Website and no surface rights are associated to the land holdings.
A historical mineral resource for the Roger deposit was delivered in 2018 by GeopointCom, Val-d'Or
(Québec). Using a cut-off grade of 0.45 g/t Aueq, an Indicated Resource was estimated to be
10,900,000* metric tonnes at a grade of 0.85 g/t of gold, 0.80 g/t of silver and 0.06% of copper for a total
of 333,000 ounces of gold equivalent, while the Inferred Resource can be estimated at 6,569,000 metric
tonnes at a grade of 0.75 g/t of gold, 1.18 g/t of silver and 0.11% of copper for a total of 202,000 ounces
of gold equivalent.
The Corporation believes verification of the historical estimates is required to upgrade the historical
estimates to current mineral resources. The Corporation expects such verification will require, among
other things: (i) additional drilling and core density sampling; (ii) further detailed modelling on ore
controls and deposit structural setting; and (iii) continued metallurgical studies. The Corporation believes
that the historical estimate is relevant in assisting the Corporation in evaluating its proposed work
program but is unable to comment on the reliability of historical resources as insufficient work has been
done to make this determination.
A qualified person has not done sufficient work to classify the
historical estimates referenced herein as current mineral resources or mineral reserves and
the Corporation is not treating the historical estimate as current mineral resources or mineral
reserves.
The foregoing technical information in this news release was prepared under the supervision of Pierre-
Luc Lalonde. Pierre-Luc Lalonde, P. Geo is a Qualified Person for the purposes of NI 43-101 and has
reviewed and approved the technical information disclosed in this news release.
About Kintavar Exploration & the Mitchi - Wabash Properties
Kintavar 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 km
2
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.
For further information contact:
Kiril Mugerman, President and CEO
Phone: +1 450 641 5119 #5653
Email:
Web:
www.kintavar.com
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"), OR ANY STATE SECURITIES LAWS.
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Forward-looking Statements:
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
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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. 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, 2024, which is available on SEDAR+ at
www.sedarplus.ca
; 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.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/261495