Kintavar Completes IP Survey ON Nasigon; High Priority Drilling Targets Identified over Several Hundreds of Meters
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KINTAVAR COMPLETES IP SURVEY ON NASIGON; HIGH PRIORITY DRILLING TARGETS IDENTIFIED
OVER SEVERAL HUNDREDS OF METERS
45 km long induced polarization survey completed
Anomalies identified over several hundreds of meters
Strong correlation between geophysical and geochemical data and copper showings
Sherlock and Nasigon geophysical signature of similar nature and size
Montreal, Quebec, April 24, 201 8 – Kintavar Exploration Inc. (the “ Corporation” or “ Kintavar”)
(TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the completion of an Induced
Polarization (IP) geophysical survey on the Nasigon grid. The Nasigon corridor is the northern
most out of the three present on the Mitchi property where stratiform copper mineralization has
been identified. The 45 line kilometer survey covers a surface of 4.32 km 2 and includes all the
showings and the geochemical anomalies of the Nasigon area, incl uding the main showing which
returned a grade of 1.10% Cu and 3.4 g/t Ag over 10m on surface in a channel sample (press
release November 29, 2017).
The compilation of all the geophysical anomalies from this survey demonstrates very positive
similarities to the historical survey from the Sherlock / Watson area where significant copper
intersections were discovered in drilling (drill hole MS-17-03: 120m @ 0.34% Cu and 2.90 g/t Ag
including 30m @ 0.63% Cu and 3.76 g/t Ag and MS-17-04: 131m @ 0.31% Cu and 2.8 5 g/t Ag
including 29.3m @ 0.52% Cu and 3.53 g/t Ag) (press release January 31, 2018 , true thickness is
estimated at 65-80% of the intersected interval).
The main similarities between the Sherlock and Nasigon IP surveys are:
All the copper showings a nd the soil anomalies are located near weak to moderate
chargeability anomalies (warm colors) (Figure 1);
The chargeability anomalies of t he Sherlock area and the Nasigon area are of similar
intensity and size, approximately 500 meters on surface;
Similar to Sherlock, these chargeability anomalies are always associated to increase in
resistivity.
In addition, significant chargeability a nomalies are present south of the main Nasigon showing
which will be the subject of surface follow up during the 2018 summer program.
“The correlation between the soil anomalies, the known mineralized outcrops and the IP
anomalies is extremely encouraging. Furthermore, by comparing this survey to that of the
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Sherlock area and the mineralization intersected there in drilling, gives Nasigon a very promising
outlook. Several IP anomalies extend for over hundreds of meters on surface and several folded
zones have been identified, which provide Kintavar several high priority drilling targets scheduled
for this summer on Nasigon. Additional surface work will be completed in the coming months to
select the best drilling targets.” comments Kiril Mugerman, President & CEO of Kintavar.
Figure 1: Plan view of the chargeability on the Nasigon grid at -25m depth with location of
copper showings and soil anomalies. Full size map can be viewed here.
The survey was performed by Géosig and results modeling was completed by Joël Dubé, P.Eng.
from Dynamic Discovery Geoscience, a consultant for Kintavar.
NI 43‐101 Disclosure
Alain Cayer, P. Geo., MSc., Vice -President Exploration of Kintavar, is the 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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About the Mitchi Property
The Mitchi property (approx. 28,000 hectares, 100% owned) is located west of the
Mitchinamecus reservoir, 100 km north of the town of Mont -Laurier. The propert y covers an
area of more than 2 80 km2 accessible by a network of logging and gravel roads with a hydro-
electric power substation located 14 km to the east. The property is located in the north-western
portion of the central metasedimentary belt of the Grenville geological province. Many gold,
copper, silver and/or manganese mineralized showings have been identified to date, with many
characteristics suggesti ng of a sediment -hosted stratiform copper type deposit (SSC) in the
Eastern portion of the property and Iron Oxide Copper Gold ore (IOCG) and skarn type deposits
in the Western portion. Osisko holds a 2% NSR on 27 claims of the southern portion of the Mitchi
property, outside of the sedimentary basin and a 1% NSR on 21 claims partially on in the
sedimentary basin.
For further information contact:
Kiril Mugerman,
President and CEO
Telephone: +1 450 641 5119 #5653
Email: [email protected]
Web: www.kintavar.com
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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 f actors, 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 nine months ended September 30, 2017, 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
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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.