Kintavar intersects 1.01% Cu, 19.3 g/t Ag near surface over 16.8m at Wabash Project
NEWS RELEASE
For immediate distribution
Kintavar intersects 1.01% Cu, 19.3 g/t Ag near surface
over 16.8m at Wabash Project
Montreal, Quebec, March 24, 2022 – Kintavar Exploration Inc. (the “Corporation” or “Kintavar”)
(TSX-V: KTR), is very pleased to announce the results for 18 of 21 drill holes from its Wabash drilling
program that was completed in December 2021. The drilling program targeted 10 distinct zones
that were trenched in 2020 & 2021 and 15 out of the 18 h oles that were received to date have
intersected the targeted mineralization and other mineralization further down the hole. Highlights
of the results can be seen in Figure 1 and Table 1.
Marco (Lapointe) – Lara – Indiana - MLI Corridor
The Southern polymetallic corridor that extends from Indiana to Lara returned the most significant
results from this drilling program. The high-grade horizon intersected in hole WAB-21-21 returned
1.01% Cu and 19.3 g/t Ag over 16.8m including 1.26% Cu and 22.9 g/t Ag over 7.6m starting from
64.4m. Another horizon of 6.55m with 0.21% Cu and 11.0 g/t Ag including 0.36% Cu, 25.8 g/t Ag,
0.41% Pb and 0.39% Zn over 2.5m was intersected from 26.5m, corresponding to the Lara trench
on surface and highlighting the polymetallic nature of this corridor. Based on the core angle of the
stratigraphic units, the intersect ion represents approximately 70% of true width. The mineral
galena has now been observed at both trenches and drill holes along this corridor , making it a
“marker mineral”. The MLI corridor extends for over 1km and remains open to the NE and SW.
The entire corridor is made up of various mineralized horizons as can be observed from drill holes
WAB-21-09, 10, 11, 20 and 21. The horizons vary in thickness from 1m to over 16m and even
include gold in some, such as in hole WAB-21-10 with 0.47 g/t Au over 1.5m surrounded by other
copper and silver horizons. See Table 1 and Figure 1 below for more details.
GB1 Corridor
The GB1 corridor that has been associated with an important IP anomaly and returned the highest
grades on the property to date (see press release from September 28, 2021), is another important
target that was tested with this drilling program. The GB1 zone showed characteristics that differ
from the stratiform sediment hosted mineralization typically observed on the property. The target
mineralization was intersected in all 3 holes and appears to be expanding at depth and remains
open to the north, south and at depth. Assays were partially received with some results still
pending.
Northern Corridors
The Northern corridors covering trenches 1, 3, 5 and Cooper were investigated as well. The
mineralization and lithological context in these horizons showed different characteristics and we
see a clear distinction to the Southern corridor such as the lack of galena mineral, copper sulfides
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are chalcopyrite dominant and higher presence of zinc minerals (sphalerite) . The Northern
corridors appear to be lo wer grade and more linear, although widths can still attain more than
20m. In both Southern and Northern corridors the mineralization starts from surface.
Spring-Summer Exploration Program
The Company has already begun the various permit applications for the next exploration program
which will include:
• IP geophysical survey on the Marco-Lara-Indiana (MLI) corridor
• Infill trenching on the MLI and GB1 corridors specifically to better understand the
structural geology
• Correlating the various mineralized horizons in the MLI corridor on surface and in drill holes
• Drilling on the MLI and GB1 (pending assays) corridors
• Property wide evaluation for other occurrences of similar mineralization
“We are very pleased with this first drilling program on Wabash. We now have clear objectives
moving forward and a much more focused exploration area. Instead of spreading our focus over
the 8km extent of the soil anomaly like in 2021, we will be focusing o n the 1+km of the Marco -
Lara-Indiana corridor. We will have to further evaluate the GB1 corridor and its potential and to
identify other zones on the property where similar mineralization could repeat. Although the low
grade, bulk tonnage potential remains a model to be explored and defined in the long term, the
discovery of this high -grade Lara mineralization confirms our original expectations and allows us
to adjust our exploration efforts for the Wabash project accordingly.” commented Kiril Mugerman,
President & CEO of Kintavar Exploration.
All samples have been sent and prepared (PREP -31) by ALS Global laboratory in Val -d’Or. Gold is
analysed in Val d’Or using fire assay method (AU -AA25) with gravimetric finish (Au -GRA21) for
samples higher than 0.5 ppm Au. For base metals and silver, the p ulp was sent to ALS Global
laboratory in Vancouver for multi -elemental analysis by four acid digestion (ME -ICP61) with ICP-
AES finish. Samples with assays higher than 10,000 ppm Cu, Zn or Pb, or 100 ppm Ag were
reanalyzed with over limits methods (CU -OG62, ZN-OG62, PB -OG62, or AG -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.
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Figure 1: Wabash Property – Summary of 2021 drilling campaign – MLI Corridor (pdf)
Hole # Zones From To Cu - Ag Grades
MLI Corridor (South)
WAB-21-21 Lara
26.45 33 0.21% Cu and 11.0 g/t Ag / 6.55m
30.5 33 incl. 0.36% Cu, 25.8 g/t Ag, 0.41% Pb and 0.39%
Zn / 2.50m
64.4 81.2 1.01% Cu and 19.3 g/t Ag / 16.80m
64.4 72 1.26% Cu and 22.9 g/t Ag / 7.60m
WAB-21-20 Marco-NE 158.8 175.75 0.11% Cu and 3.1 g/t Ag / 16.95m
WAB-21-11 Indiana
17.3 23.9 0.23% Cu and 20.2 g/t Ag / 6.60m
17.95 20.1 incl. 0.43% Cu, 37.3 g/t Ag and 0.15% Pb / 2.15m
WAB-21-10 Guillaume
11.5 18.6 0.21% Cu and 5.5 g/t Ag / 7.10m
12 13.1 incl. 0.83% Cu and 13.8 g/t Ag / 1.10m
21 22.5 and 0.47 g/t Au / 1.5m
33.9 34.55 0.48% Cu, 48.4 g/t Ag & 0.35 g/t Au / 0.65m
WAB-21-08 TR-07 19.45 20.65 0.37% Cu and 8.5 g/t Ag / 1.20m
WAB-21-09 TR-07N
7.8 10 0.41% Cu and 6.3 g/t Ag / 2.20m
50 51.5 0.39 g/t Au / 1.5m
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WAB-21-07 Marco
23 34 0.21% Cu and 7.1 g/t Ag / 11.00m
32 34 incl. 0.58% Cu, 29.6 g/t Ag and 0.17% Zn / 2.00m
Northern Corridors
WAB-21-01 TR-01
4.1 12 0.13% Cu and 6.7 g/t Ag / 7.90m
46.56 56.8 0.18% Cu and 4.3 g/t Ag / 10.24m
51.2 52.45 incl. 0.86% Cu, 13.0 g/t Ag and 0.20% Zn / 1.25m
56.2 56.8 1.49% Zn / 0.60m
WAB-21-02 TR-01
21.8 24 0.35% Cu and 9.3 g/t Ag / 2.20m
77.35 98 0.19% Cu and 2.8 g/t Ag / 20.65m
94.6 96.9 incl. 0.91% Cu and 13.6 g/t Ag / 2.30m
94.6 95.05 1.14% Zn / 0.45m
WAB-21-03 TR-03
16.7 33.5 0.25% Cu and 6.2 g/t Ag /16.80m
16.7 18.7 incl. 0.88% Cu, 21.9 g/t Ag and 0.47% Zn / 2.00m
25.6 27.9 and 0.59% Cu and 18.9 g/t Ag / 2.30m
WAB-21-12 Cooper-1
10.4 12.8 0.82% Cu and 11.6 g/t Ag / 2.40m
109.4 113.5 0.19% Cu and 10.9 g/t Ag / 4.10m
123 127 0.11% Cu and 2.1 g/t Ag / 4.00m
WAB-21-13 Cooper-2
50 51 0.26 g/t Au / 1.0m
131 140 0.16% Cu and 12.4 g/t Ag / 9.00m
131.9 132.4 0.82% Cu, 115.0 g/t Ag and 0.40% Zn / 0.50m
WAB-21-15 TR-03
8.85 11.5 0.31% Cu, 16.0 g/t Ag and 0.46% Zn / 2.65m
36.6 41.5 0.11% Cu and 7.2 g/t Ag / 4.90m
60.9 69.95 0.26% Cu and 7.1 g/t Ag / 9.05m
60.9 63.2 0.59% Cu, 18.9 g/t Ag and 0.31% Zn / 2.30m
WAB-21-16 TR-01
107 117 0.23% Cu and 3.6 g/t Ag / 10.00m
114.4 117 0.57% Cu, 10.7 g/t Ag and 0.23% Zn / 2.60m
WAB-21-17 TR-05N
25.75 26.35 0.81% Cu and 19.9 g/t Ag / 0.60m
33.15 45 0.27% Cu and 3.2 g/t Ag / 11.85m
35 37.3 0.68% Cu and 5.6 g/t Ag / 2.30m
GB1 WAB-21-18 GB1 Pending
WAB-21-19 GB1-S Pending
WAB-21-04 GB1 Pending
Table 1: 2021 Wabash 2021 drill program highlights
Correction to November 11, 2021 press release
In the press release published on November 11, 2021 announcing the closing of a private
placement, it was stated that the Corporation issued 6,226,297 units of the Corporation at a price
of $0.17 per Unit and 9,702,447 common shares of the Corporation, iss ued on a flow through
basis, at a price of $0.23 per Share, for total cumulative gross proceeds of $3,290,033. The number
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of flow through shares issued should have been of 9,702,947 and the total gross proceeds of
$3,290,148.
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
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
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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 unknown risks, uncertainties, assumptions and other
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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 Corporation
does not intend, nor does the Corporation undertake any obligation, to upda te or revise any forward -looking
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