IAMGOLD Starts Drilling on Anik Gold Project
NEWS RELEASE
For immediate distribution
IAMGOLD Starts Drilling on Anik Gold Project
Montreal, Qu ebec, November 17, 20 21 – Kintavar Exploration Inc. (the “ Corporation” or
“Kintavar”) (TSX-V: KTR), is very pleased to announce that IAMGOLD Corporation (“IAMGOLD”) has
begun drilling on the Anik Gold Project (the “ Project”) in the Chapais -Chibougamau region of
Quebec. The Project has been optioned out to IAMGOLD (see press release May 28, 2020) where
it can earn in up to 80% interest.
IAMGOLD is evaluating several potential gold zones on the Project which have been highlighted
by previous Kintavar work and by IAMGOLD in 2020 and 2021. One of the priority targets is the
eastern extension of the Nelligan mineralized trend where IAMGOLD is planning to complete a
minimum of 1,200 meters in November and December.
Since IAMGOLD optioned the Project, a detailed till survey, a geophysical Induced Polarization (IP)
survey and a structural model were completed. Based on these results, several ta rgets were
selected where the summer field work focused. This first drilling program targets gold anomalies
in the tills coinciding with the geophysical anomalies and the extensions of shear zones from
Nelligan deposit, or presenting similar signatures.
“The geological work completed by IAMGOLD over the last 15 months looks very promising. The
technical knowledge their team brings is second to none when it comes to this region. We are very
excited working with IAMGOLD on the Anik Gold Project. We are looking forward to successful drill
results and more drilling next year. ” commented Kiril Mugerman, President & CEO of Kintavar
Exploration.
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.
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Figure 1: Anik property overview (pdf)
About the Anik Property
The Anik property (approx. 5,400 hectares) is situated 40 km to the south -east of the town of
Chapais and 55 km to the south of the town of Chibougamau, in Québec. Located in the Opawica-
Guercheville deformation corridor, it is the host to several gold mines and deposits. The eastern
portion of the property is located less than 7 km from the Joe Mann mine and the Lac Meston and
Phillibert deposits. The western portion of the property is located less than 10 km to the south of
the Monster Lake and Fancamp gold projects. The main gold zones of the Nelligan property, are
surrounded to the north, south and east by Anik property boundaries at a distance of less than
1,500 metres.
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. 3 9 0 00 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 propert ies are located in the north-western portion of the central
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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 advancin g 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 CEO
Phone: +1 450 641 5119 #5653
Email: [email protected]
Web: www.kintavar.com
Forward looking Statements:
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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
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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” an d 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 unkno wn 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 Corpo ration
does not intend, nor does the Corporation undertake any obligation, to update or revise any forward -looking
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or otherwise, except if required by applicable laws.