Surface Channel Returns 0.71% Cu, 30.1 g/t Ag, 0.23% Pb & 0.16% Zn over 12.7m; 1,502m Drilling Program Completed on MLI corridor, Wabash Project
NEWS RELEASE
For immediate distribution
Surface Channel Returns 0.71% Cu, 30.1 g/t Ag, 0.23% Pb & 0.16% Zn
over 12.7m; 1,502m Drilling Program Completed on MLI corridor,
Wabash Project
Montreal, Quebec, August 23, 2022 – Kintavar Exploration Inc. (the “Corporation” or “Kintavar”)
(TSX-V: KTR), is pleased to announce the recent completion of the summer drilling program on the
MLI corridor and additional results from its surface exploration program on the Wabash project.
MLI Corridor
A 1,502m, 12 holes drill program has been successfully completed on the 1.5km long MLI corridor.
The objective of the program was to target the high grade mineralized horizon that was observed
in hole WAB-21-21 (1.01% Cu & 19.3 g/t Ag over 16.8m , see March 24, 2022 press release for
details) and to better understand the stratigraphic sequence along this corridor.
The majority of the drillholes successfully intersected the same stratigraphic sequence that
includes several marble horizons, up to 20m in thickness, and diopside gneiss (both mineralized
and non mineralized) surrounded by barren and massive gneiss units. This fertile sequence can
reach thicknesses of up to 70m as observed in some drillholes . Low-grade copper and polymetallic
horizons are observed more to the east of the MLI corridor and followed by high grade copper and
polymetallic horizons to the west, similar to the sequence observed in hole WAB-21-21. Boudinage
and folding of the mineralized marble horizons and diopside gneiss is observed within the corridor.
The disseminated mineralization is present in the form of bornite, chalcocite and chalcopyrite with
galena and sphalerite present in the polymetallic units.
The drilling program followed up on the success of the early summer trenching program. Lara
West and Lara South trenches exposed the high-grade units on surface with a channel intersection
of 12.7m with 0.71% Cu, 30.1 g/t Ag, 0.23% Pb and 0.16% Zn on Lara West. This included an interval
of 1.12% Cu, 42.0 g/t Ag and 0.19% Pb over 6.65m . Other high grade grab samples from both
trenches included up to 2.9% Cu, 170 g/t Ag, 1.78% Pb, 0.33% Zn and 0.11 g/t Au . More details
and the location of these samples and channels can be seen on Figure 1 below.
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Figure 1: Results from the 2022 exploration campaign
Regional targets
A small regional exploration program on the Wabash project continued throughout the summer.
The team mostly focused on the large soil anomaly to the South -East of the MLI corridor and it
successfully identified both mineralized outcrops and boulders. Some of the best results gave up
to 4.79% Cu, 13.4 g/t Ag, 0.29 g/t Au and 0.12 g/t Co (Tr-GC007 on figure 1) while some assays are
still pending. Other regional targeting programs are continuing throughout the summer and fall to
try to identify other corridors similar to MLI.
“The MLI corridor was a priority target for this summer, and it has delivered. The stratiform
sediment hosted mineralization was successfully traced for over 1km in the most recent drill holes
confirming our interpretation. The assays from this program will help us better plan the follow up
infill drilling on the MLI corridor as we keep advancing throughout the entire unit. Once we receive
these results we will start planning the next drilling program which will most likely take place thi s
fall or winter.” commented Kiril Mugerman, President & CEO of Kintavar Exploration.
Grab samples are selected samples and not necessarily representative of the mineralization
hosted on the property. 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
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pulp 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.
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 distr ict (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 foc us 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 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 t raining 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 Exchange 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.
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the times at or by which, such future performance will be achieved. No assurance can be given that any events
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statements and information are based on information available at the time and/or management's good -faith belief
with respe ct 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
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, 2021, which is available on SEDAR at www.sedar.com; they could cause
actual events or results to differ materially from those p rojected in any forward -looking statements. The Corporation
does not intend, nor does the Corporation undertake any obligation, to update or revise any forward -looking
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