Kintavar Provides Exploration Update on its Wabash Copper-Silver Project
NEWS RELEASE
For immediate distribution
Kintavar Provides Exploration Update on its Wabash Copper-Silver Project
Montréal, Québec, November 12, 20 20 – Kintavar Exploration Inc. (the “ Corporation” or
“Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to provide an update on the fall exploration
program on the Copper-Silver Project Wabash. The project is located 65km North of the Mitchi
project and 15km East of the city of Parent in Quebec. Kintavar owns 100% of the 126 claims (7,266
hectares) with a 0.25% royalty applicable only on 6 of those claims.
“We are very encouraged by the fall exploration program. The visual observations at Wabash, the
discovery of new trenches and the initial anomalies coming out from the soil survey are all
indicative of a potential important discovery. The work and the o bservations by the geological
team, lead by Alain Cayer, have consistently revealed that mineralization starts from surface and
can be traced to over 2.5km long within a corridor that is over 80m wide in the north and over
200m wide in the south. The corridor remains open in all 4 directions. The mineralized units appear
to be generally dipping 35° to 45° to the N – NNW. These first channel samples will provide a better
grade estimate and the continuity of the mineralized units. The knowledge gained from the Mitchi
project is facilitating to fast track the Wabash project . We are looking forward to getting back
results in the near future to be able to plan the next stage of the exploration program.”
commented Kiril Mugerman, President & CEO of Kintavar Exploration.
Soil geochemistry
The exploration team prepared a property wide soil geochemical survey (horizon B) for a total of
2,700 samples and has already completed more than half of the program. The blanket approach
will help identify extensions of the already identified mineralization in the main Cloutier-Lapointe
area and as well generate new targets property wide. The Richer area, in the southern portion of
the property, is already showing strong anomalies based on preliminary results and this area will
be followed up on during the summer 2021 program. The team is completing as much of the
program weather permitting and will continue the survey in the spring.
Trenching
The trenching program in the Cloutier -Lapointe area had started in late October . The ongoing
trenching is focusing on the mineralized corridor identified during the summer program. The team
has also begun following up on some of the initial targets identified in the soil survey in this area,
resulting in new mineralized trenches. The mineralization observed in the trenches confirms a
discovery of an important sediment hosted copper system. Work is currently ongoing to better
understand the structural geology and mineralization controls and will continue throughout 2021.
The Corporation is targeting to complete several channels on the trenches to get a better
understanding of the grade and the continuity of the mineralized units . The trenches along the
North – South 2.5km mi neralized corridor have provided visual confirmation that the
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mineralization in the Northern portion of the corridor is at least 80m in width and remains open
to the East and to the West.
Figure 1: Cloutier - Lapointe area, Wabash Copper-Silver project
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Geophysical Induced Polarization (IP) survey
An IP survey is planned for November and will cover the majority of the main 2.5km long
mineralized corridor. The mineralization observed in both outcrops and the trenches suggests that
it is more of a chalcopyrite dominance with lesser amounts of bornite and chalcocite which should
respond favorably to the geophysical survey . The objective of the IP survey would be to see the
continuity of the mineralized units laterally and most importantly at depth. Although the
mineralization starts from surface, the IP survey will be an invaluable tool in identifying new targets
and planning the trenching and drilling programs for 2021.
Mitchi-Wabash connection
Both the Wabash and the Mitchi projects are presenting stratiform copper mineralization in
sedimentary basins that exhibit similarities but at the same time some important differences such
as the copper sulfides distribution, host lithologies and structure of the sedimentary basin are
apparent. Field observations at the Wabash project are providing new geological information that
will be applied on the Mitchi project during the 2021 exploration program. The characteristic of
several targets that were considered low priority on the Mitchi project, are returning very positive
results on the Wabash project. As a result, multiple zones that were previously not investigated
on Mitchi will be revisited based on the experience gained from Wabash.
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 Canadian 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. Kintavar also has exposure in the gold greenstones of Quebec
by advancing the Anik Gold Project in a partnership with IAMGOLD.
For further information contact:
Kiril Mugerman, President and CEO
Phone : +1 450 641 5119 #5653
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Email : [email protected]
Web: www.kintavar.com
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include, but are not limited to, those described under “Risk Factors” in the Corporation’s management’s discussion and
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