Kintavar intersects 0.53% Cu over 53m from 19m; Sub-horizontal model confirmed
NEWS RELEASE
For immediate distribution
Kintavar intersects 0.53% Cu over 53m from 19m;
Sub-horizontal model confirmed
Montréal, Québec, January 20, 2020 – Kintavar Exploration Inc. (the “Corporation” or “Kintavar”)
(TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce initial results from the drilling program
that started in November 2019 and is continuing into 2020. Over 3,900 meters have been drilled
and many more assays are forthcoming. The main objectives of the program were to test the sub-
horizontal mineralized model of the Sherlock sector and to investigate the new mineralized zones
such as trench SHK34, Conan and Elementary.
Highlights:
- MS-19-51: 40.15m @ 0.44% Cu & 4.3 Ag g/t starting from surface
- MS-19-52: 53.0m @ 0.53% Cu & 4.9 Ag g/t starting from 19m
- Sub-horizontal, lightly dipping stacked mineralized zones confirmed
- Open at depth to the North, East and West
- Sharp contacts of the mineralized zones allow for easy selection of the units
- Clear definition of high grade units that can be treated with floatation versus units that
will need to be treated with sorting equipment
“We are very excited to see these first results which confirm our interpretation. The units are now
better defined with higher grade and very clear boundaries which would make for easier modeling.
The way the mineralization is hosted within the marble units is now much more evident and clearly
demonstrates the advantages of shallow mineralization model we have at Mitchi versus a
traditional porphyry. Shallow open pit deposits with selective mining have significantly lower
capital cost requirements in comparison to the bulk tonnage porphyr y deposits. We are looking
forward to more results from this ongoing drilling program over the coming months. ” comments
Kiril Mugerman, President & CEO of Kintavar.
Sherlock Zone
The first six drill holes of the program were performed between the Sherlock trench to the West
and the SHK38 trench to the East (Figure 1). All the holes were drilled vertically and each one
intersected the mineralized sedimentary units. The 3 holes to the South (MS-19-47, 49 and 51) are
presented on the long section (Figure 2) confirming the continuation of the two main mineralized
units and the grades.
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Many assays are still pending but the lithological units intersected in the 23 short holes in the
Sherlock zone in 2019 confirm the sub horizontal lightly dipping mineralized units which remain
open to the North, East and West.
The vertical drilling and the new model as well allowed to demonstrate that the mineralized units
have very sharp contacts with the surrounding non mineralized units. As a result, the mineralized
marble units can now be easily segregated into two categories, those that can be treated directly
with flotation (F – grade of approximately 0.50% to 0.40% Cu) versus those that will need to be
treated prior with existing sorting technologies (S – grade of approximately 0.15% to 0. 40% Cu).
This can have an important impact on project economics in the future (e.g. smaller mill, smaller
flotation plant, smaller tailings, etc…) in comparison to the previous geological model envisioned
in 2018 where much more dilution was present. The Corporation has already completed initial
flotation studies (see press release April 24, 2019) which demonstrated high recoveries with very
high copper content (up to 80% recovery with up to 59% copper content) due to the predominant
presence of the minerals bornite and chalcocite. Sorting test work began in 2019 and will be
further refined with these new findings.
Further compilation and modeling continue as mor e results become available and will be
published accordingly. The drilling program has restarted in mid January and currently is focusing
on the Conan, Elementary and SHK34 copper zones that were discovered last summer.
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Figure 1: Location of the 6 first drill holes on the Sherlock zone.
Sherlock zone – DDH MS-47 to 52 – Fall 2019
DDH
UTM Nad83 z18
Dip From To Thickness*
Type
Grade
X Y (Flotation
vs Sorting)
MS-19-47 483780 5252929 -90
3 11.8 8.8 S 0.20 % Cu & 2.2 g/t Ag / 8.8 m
24.5 30 5.5 S 0.27 % Cu & 2.4 g/t Ag / 5.5 m
42 49 7 F 0.50 % Cu & 4.6 g/t Ag / 7.0 m
49 72.65 23.65 S 0.20 % Cu & 3.4 g/t Ag / 23.65 m
MS-19-48 483768 5252963 -90 23 27.5 4.5 F 0.48 % Cu & 7.4 g/t Ag / 4.5 m
MS-19-49 483731 5252930 -90
1.25 2.75 1.5 F 0.55 % Cu & 4.8 g/t Ag / 1.5 m
11.35 14.7 3.35 S 0.15 % Cu & 1.6 g/t Ag / 3.35 m
27.3 38.8 11.5 S 0.11 % Cu & 0.7 g/t Ag / 11.5 m
38.8 54.9 16.1 F 0.45 % Cu & 5.3 g/t Ag / 16.1m
75.9 105.25 29.35 F 0.49 % Cu & 4.4 g/t Ag / 29.35 m
MS-19-50 483720 5252973 -90
6.35 17.65 11.3 F 0.46 % Cu & 3.7 g/t Ag / 11.3 m
25.65 31 5.35 S 0.36 % Cu & 5.8 g/t Ag / 5.35 m
80.7 96 15.3 S 0.12 % Cu & 0.8 g/t Ag / 15.3 m
MS-19-51 483682 5252937 -90 0.75 40.9 40.15 F 0.44 % Cu & 4.3 g/t Ag / 40.15 m
59.15 63.75 4.6 S 0.15 % Cu & 2.9 g/t Ag / 4.6 m
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90.8 100 9.2 S 0.19 % Cu & 1.9 g/t Ag / 9.2 m
100 105 5 F 0.41 % Cu & 6.4 g/t Ag / 5.0 m
MS-19-52 483666 5252978 -90
19 72 53 F 0.53 % Cu & 4.9 g/t Ag / 53.0 m
114 118 4 S 0.16 % Cu & 1.7 g/t Ag / 4.0 m
118 124 6 F 0.43 % Cu & 3.9 g/t Ag / 6.0 m
* True thickness is estimated between 65 to 95% of the intersected thickness
Figure 2: Long section of the 3 DDH on the front line.
All samples have been sent and prepared (PREP-31) by ALS Global laboratory in Val-d’Or. The pulp
was sent to ALS Global laboratory in Vancouver for copper assays (CU -ICP61). silver assays (AG -
ICP61) or a multi -elemental analysis by four acid digestion (ME -ICP61) and spectroscopy (ICP -
AES/MS). Samples with assays higher than 10,000 ppm Cu were reanalyzed by atomic absorption
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(CU-OG62) at the ALS Global Vancouver laboratory. Quality controls include systematic addition
of blank samples and certified copper standards to each batch of samples sent to the laboratory.
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.
About Kintavar Exploration & the Mitchi Property
Kintavar Exploration is a Can adian mineral exploration Corporation engaged in the acquisition,
assessment, exploration and development of gold and base metal mineral properties. It’s flagship
project is the Mitchi property (approx. 30,000 hectares, 100% owned) located west of the
Mitchinamecus reservoir, 100 km north of the town of Mont-Laurier. The property covers an area
of more than 300 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
suggesting of a sediment-hosted stratiform copper type mineralization (SSC) in the Eastern portion
of the property and Iron Oxide Copper Gold (IOCG) and skarn type mineralization 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.
For further information contact:
Kiril Mugerman, President and CEO
Phone : +1 450 641 5119 #5653
Email : [email protected]
Web: www.kintavar.com
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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
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