Kintavar Begins Infill Drilling at Sherlock Zone, Mitchi Project
NEWS RELEASE
For immediate distribution
Kintavar Begins Infill Drilling at Sherlock Zone, Mitchi Project
Montreal, Quebec, November 7, 2022 – Kintavar Exploration Inc. (the “Corporation” or “Kintavar”)
(TSX-V: KTR), is pleased to announce the start of the infill drilling program at the Sherlock Zone,
Mitchi project. The drilling will serve to complete a maiden resource estimate on the project which
will be performed by InnovExplo.
The drilling program of approximately 1,500 meters is expected to be completed by the end of
November with assays to be received in Q1 2023. A timeline on filing the maiden 43-101 resource
estimate will be provided once all assays are received. The program is targeting to collect
additional geological information around the main mineralized zones within the top 100 meters
and to extend some of the main horizons to the West and to the North where limited drilling data
is available.
“The Sherlock zone give s us a great opportunity to show the potential of the Mitchi -Wabash
district. The sedimentary basins we are exploring are very large with many of the mineralized zones
starting from surface. The infrastructure in the region is second to none and the explor ation
potential continues to grow. We are excited to begin the resource drilling phase at Sherlock, the
first zone our exploration team discovered when we started working in the region. ” commented
Kiril Mugerman, President & CEO of Kintavar Exploration.
The Sherlock zone hosts a sediment hosted stratiform copper mineralization. The copper -silver
bearing horizons are predominantly mineralized with bornite, chalcocite and to a lesser extent
chalcopyrite. Although the mineralization on surface can be traced for over 8 kilometers, the main
zones of interest are structurally controlled where thickening of the horizons is present in the form
of stacking and folding. The Sherlock zone, covering an area estimated at over 500m E-W and up
to 300m N-S, is composed of multiple sub-horizontal mineralized horizons with thickness ranging
from a few meters to over 50m.
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: Geological overview of the Sherlock zone with main intercepts from previous drilling
programs.
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
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, outsi de 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
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it employs local workfo rce. 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:
Neither TSX Venture Exchange nor its Regulation Services Provider (as th at 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”, “i ntend”, “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 a ccurate 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 pr ivate
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 ev ents 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, 2021, 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 c ircumstances
or otherwise, except if required by applicable laws.