Kintavar Begins Radiometric Survey on Wabash and Obtains New Soil Survey Results; Sale of Gaspard-Nord Property
NEWS RELEASE
For immediate distribution
Kintavar Begins Radiometric Survey on Wabash and Obtains
New Soil Survey Results; Sale of Gaspard-Nord Property
Montreal, Qu ebec, September 15, 20 21 – Kintavar Exploration Inc. (the “ Corporation” or
“Kintavar”) (TSX -V: KTR), is pleased to announce additional results from the soil geochemical
survey that has been completed on the Wabash property and the start of radiometric surveys on
both the Wabash and Mitchi projects. In addition, the Corporation has signed an agreement to sell
the Gaspard Nord property, located in the Chapais -Chibougamau area of Quebec, to Northern
Superior.
Soil Geochemistry – Wabash
Several soil geochemistry grids have been completed throughout the summer on the Wabash
property. The results presented here are primarily for areas indicated on Figure 1 as area A – the
Indiana zone and its extensions to the South and area B – Indiana extensions to the North towards
the Cooper zone. Assays are pending for several areas to the West and East of the Richer zone and
to the East of the Lapointe zone.
Area A highlights the key Indiana zone that was discovered during the realization of the soil survey.
Furthermore, another strong anomaly was discovered to the South of the main road that crosses
the entire property. Area B identified a group of soil anomal ies halfway between Indiana and
Cooper which is now becoming an important follow up sect or to be able to connect the various
mineralized zones. In addition, three more areas of interest have been identified and a sampling
program is planned before winter.
Airborne Magnetic and Radiometric Geophysical Survey - Wabash
The Corporation is addi ng another important exploration tool to be used to map out potential
extensions of mineralised zones and favorable stratigraphy. The airborne radiometric survey has
been successfully used in Africa to map out stratiform copper deposits and it could provide a very
useful indirect exploration tool. In addition, a detailed magnetic survey will be conducted to cover
new claims added to the property (see press release September 7, 2021). The survey will cover a
total of 1,640 line kilometers.
Airborne Magnetic and Radiometric Geophysical Survey – Mitchi
The Corporation will use the opportunity to conduct a detailed magnetics and radiometric survey
on the Western portion of the Mitchi propert y. The Western portion has several IOCG showings
and targets that were identified during the 2017 exploration program ( see press release
September 26, 2017) and this survey will generate high quality targets to follow up in the coming
year. The surveys will cover a total of 1,883 line kilometers.
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“Since day one, we have seen the success of soil geochemistry on the project. We saw how the
Indiana zone was clearly highli ghted by the soil anomalies. Our team is now on the ground
following up on all these targets. The geophysical survey will provide further important
information which will improve the selection of high priority areas on the Wabash property.”
commented Kiril Mugerman, President & CEO of Kintavar Exploration.
Gaspard Nord Transaction
As part of its focus ed strategy on copper and base metal projects in the Grenville geological
province, the Corporation has agreed to sell its 5 claims of the Gaspard Nord property to Northern
Superior Resources Inc. (SUP.V) for a total consideration of 85,000 shares in the capital of SUP.V.
Kintavar will retain a 2% NSR (Net Smelter Royalty) subject to a partial buyback right of 1% for a
purchase price of CAD$1,000,000. The transaction is subject to regulatory approval.
“With the Gaspard Nord transaction now completed we have successfully optioned out or sold all
our properties in the Chapais-Chibougamau gold area. We are committed to creating value to our
shareholders whether by exploration or through strategic transactions. We have now accumulated
a healthy equity portfolio that will help limit dilution for shareholders.” added Mugerman.
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: Wabash property – Soil survey results (pdf)
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About Kintavar Exploration & the Mitchi – Wabash Properties
Kintavar Exploration is a Canadian mineral exploration Corporation engaged in the acqu isition,
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, outside of the sedimentary basin. Kintavar also has exposure in the gold
greenstones of Quebec by advancing the Anik Gold Projec t 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:
Neither TSX Venture Exchan ge 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 i nformation” 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 per formance 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 th e 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 a nd other
unpredictable factors, many of which are beyond the Corporation’s control. These risks, uncertainties and assumptions
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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 C orporation 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.