Kintavar Discovers the Sherlock Cu Showing 540m East of Watson and Identifies a Folded Sediment-Hosted Stratiform Cu-Ag-Mn Mineralized System Sherlock showing: 7 grab samples from an area covering 300m2 grading between 1.14%
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Kintavar Discovers the Sherlock Cu Showing 540m East of Watson and Identifies a Folded
Sediment-Hosted Stratiform Cu-Ag-Mn Mineralized System
Sherlock showing: 7 grab samples from an area covering 300m2 grading between 1.14%
and 2.87% Cu and 5 grab samples grading between 1.14% and 2.05% Mn
Watson showing: channel sample of 13.6m @ 0.54% Cu, 5.29 g/t Ag and 0.57% Mn (0.76
CuEq*), remains open in all directions
540m distance between the two showings within the same folded sedimentary sequence
Folded mineralized horizons make over 10m thick intervals
Montreal, Quebec, September 26 , 2017 – Kintavar Exploration Inc. (the “ Corporation” or
“Kintavar”) (TSX -V: KTR), is pleased to announce the first results from the summer 2017
exploration campaign. The work completed during the campaign , including the follow up of the
copper showings in the Eastern portion of the Mitchi property , helped identify a sediment -
hosted stratiform copper -silver-manganese mineralization within a siliceous dolomite unit . This
helped establish a connection between the various showings such as Watson/Sherlock, Nasigon
and Hispana. The mineralized horizons were folded and metamorphosed creating sub-kilometric
areas of thickening . Such thickening is well documented to generate op en pit mines in the
Grenville geological province, such as the iron ore mines in the south of Labrador and Québec
and the Lac des Iles graphite mine , located in the Mont-Laurier region, only 120 km to the south
of the Mitchi property.
In the western portion of the property, polymetallic mineralization with copper -silver ± gold,
nickel, cobalt, tungsten and locally rare earth elements was identified . Mineralization is
associated with magmatic lithologies and locally with potassic alteration.
Mitchi Property – Eastern Sector - Watson and Sherlock Showings – Cu, Ag, Mn
Surface work on the Watson showing exposed a sequence of marbles, phlogopitic glimerites and
diopsidite with bornite, covelite, malachite and trace of chalcopyrite mineraliz ation. The
lithologies appear to have been folde d, creating a thickening of the mineralized horizons, while
their true width still remains unknown. A continuous composite channel sample of 13.6m
returned grades of 0.54% Cu, 5.29 g/t Ag and 0.57% Mn (0.76% CuEq*) and a second channel
sample 8m to the west gave 0.61% Cu, 6.02 g/t Ag and 0.53% Mn (0.83% CuEq*) over 3 m. Both
channel samples remain open in all directions.
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At a distance of 540m to the East of Watson, the identification of Cu-Ag-Mn mineralization led to
the discovery of the Sherlock showing (see Figure 1) . A total of seven (7) grab samples from an
area of 20 m by 15m returned grades of 1.14% to 2.87% Cu and up to 39.0 g/t Ag while five (5)
samples returned grades of 1.14% to 2.05% Mn. In that area, an historical channel was graded at
0.45% Cu over 5.5m. The following table summarizes the best grades from the grab samples
including the Cu equivalent* grade. The manual trenches revealed the same lithologies as those
present at the Watson showing with the mineralized marbles, glimerites and diopsidite folded ,
thus creating a thickening of the lithological sequence. The higher copper grades typically
correspond to marble and diopsidite horizons while the higher manganese grades correspond to
glimerites. The same mineralized and folded lithological sequence has been observed at the
Watson, Nasigon, Hispana and the Sly showings although with a certain zonation of copper
minerals (bornite, covellite, chalcocite and chalcopyrite).
Figure 1: Watson and Sherlock exploration target with historical results, summer 2017 results
and interpretation of potential folded sediment-hosted stratiform Cu-Ag-Mn mineralization. Full
size map can be viewed here.
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Samples
UTM nad83 z18
Cu (%) Ag (g/t) Mn (%) CuEq* (%) X Y
V640373 483650 5252985 1.74 14.9 0.21 1.94
V640374 483658 5252985 1.14 10.8 0.28 1.32
V640375 483656 5252988 1.57 28.6 0.29 1.91
V640376 483654 5252989 1.53 37.2 0.23 1.93
V640377 483660 5252992 1.17 10.8 0.19 1.32
V640378 483660 5253000 2.64 39.3 0.33 3.09
V640379 483668 5253003 2.87 37.8 0.38 3.32
V640858 483653 5252990 0.80 11.0 2.05 1.53
V640859 483654 5252990 0.41 6.1 1.38 0.89
V640860 483658 5252989 0.75 10.9 1.75 1.39
V640861 483658 5252989 0.42 8.0 0.28 0.58
V640865 483654 5252977 0.43 5.9 1.34 0.90
V640866 483657 5252975 0.24 2.5 1.14 0.62
V640867 483653 5252974 0.14 0.4 0.84 0.41
*Copper equivalent grade (CuEq) is presented for information purposes only and is not indicative of management’s opinion on the
potential metallurgical recoveries or future commodity prices. The CuEq grade demonstrates that Ag and Mn play a limited role in
the overall grade. CuEq grade including silver and manganese values are based on 100% metal recoveries, Cu price of 3$/lb, Ag price
of 18 $/oz and Mn price of 0.93 $/lb. Copper grade equivalent calculation. CuEq% =(Cu % + (Ag grade x Ag price))/(22.0462 x C u
price x 31.0135 g/t) + (Mn grade x Mn price / Cu price)
Two additional outcrops returned grades of copper -silver-manganese in grab samples. The first
one, located 200m east along strike from Sherlock, graded at 0.80% Cu and 11 g/t Ag (0.90%
CuEq*) while the second one, located 300m north-east of Watson graded up to 0.83% Cu, 6.3 g/t
Ag and 0.62% Mn (0.90% CuEq*).
The Corporation completed a quality control study in order to investigate a potential supergene
enrichment. Several deep channels were completed with the sample later cut in two. The upper
and the bottom portions of the sample were analysed individually in the laboratory. The assays
do not suggest a supergene enrichment. Furthermore, a review of the drill logs completed in
1971 by Noranda on the property shows that copper m ineralization continues at depth and that
several of these historical drill holes are mineralized the entire length of the hole (100’ deep or
30.48m). Drill hole #13 returned grades of 0.49% Cu and 14.0 g/t Ag (0.61% CuEq*) over 9. 75m
(32’) starting from a depth of 14.30m (47’).
“The identification of a sediment-hosted stratiform Cu -Ag-Mn system is very encouraging. The
effects of the Grenville metamorphism and deformation that helped mask and preserve this
system for all those years, played an important role in creating thick mineralized zones that
could prove to be economic and minable using traditional open pit methods. This type of deposit
has never been exploited in Canada and we are excited to be working on a potential major multi-
kilometer system. T he location of the property, adjacent to road and power infrastructure and
50km from a railroad in Parent, will be important factors in helping advance this project forward.
The Watson and Sherlock corridor that now extends a significant 540m will be the s ubject of
trenching, channel sampling and detailed ground magnetics and Induced Polarization (IP) studies
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in the coming months in preparation for a drilling program during the upcoming winter. ”
commented Kiril Mugerman, President and CEO of Kintavar Exploration.
Mitchi Property – Western Sector – Porphyry / IOCG type mineralization – Cu, Au, Ni, Co, REE
The western portion of the property p resented a porphyry / IOCG (Iron Oxide Copper Gold) type
mineralization. Five (5) mineralized showings were discovered or visited. The Forget2 and Assini
showings consist of magnetite areas locally brecciated which are enriched in copper, gold, nickel
and cobalt and anomalous in rare earth elements. Horizons consisting of mafic tuff blocks were
observed at the Assini showing. The two showings are 300m apart.
The highest grades from grab samples at the Assini showing are 0.35% Cu, 0.16% Ni, 418 ppm
Co, 700 ppm La and >500 ppm Ce. A channel sample of 1.0m returned 0.23 g/t Au, 0.15% Cu,
118 ppm Co, 372 ppm Ni, 220 ppm La an d 395 ppm Ce. At the Forget2 showing, the best grade
from a channel was 0.19% Cu, 165 ppm La and 302 ppm Ce over 1.0m.
The De La Tour showing was resampled and a grab sample returned 1.51% Cu, 3.9 g/t Ag, 392
ppm Ni and 652 ppm co. The showing consists of centimetric cross-cutting veinlets at metric
intervals which are mineralized in pyrrhotite and chalcopyrite associated with potassic alteration.
The Lac Edge and #14 showings were revisited and two (2) grab samples from a felsic intrusive
dyke associated with potassic alteration returned anomalous grades of 3.27 g/t Au and 0.74% Cu
and 0.19 g/t Au and 0.77% Cu respectively. A channel covering 0.90m gave 0.16 g/t Au and
0.52% Cu at the #14 showing.
All samples have been sent and prepared (PREP -31) by ALS Global laboratory in Val -d’Or. A
portion of the pulp of each sample was analyzed at the laboratory in Val -d’Or for gold by
standard fire assay (AU-AA23) followed by gravimetry (AU-GRA21) if results were greater than
0.5 g/t Au. The other portion of the pulp was sent to ALS Global laboratory in Vancouver for a
multi-elemental analysis by aqua -regia and spectroscopy (ICP -AES/MS). Sample with assays
higher than 1% Cu were reanalyzed by atomic absorption (CU-AA46) at the ALS Global Vancouver
laboratory. Quality controls include systematic addition of blank samples and certified gold
standards to each batch sample sent to laboratories.
Grab samples are selected samples and not necessarily representative of the mineralization
hosted on the property.
The Corporation has not been able to independently verify the methodology and results from
the historical work program within the property boundaries. However, management believes
that the historical work program has been conducted in a professional manner and the quality of
data and information produced from them are relevant.
About the Mitchi Property
The Mitchi property (approx. 21,000 hectares, 100% owned) is located west of the
Mitchinamecus reservoir, 100 km north of the town of Mont -Laurier. The prop erty covers an
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area of more than 210 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 G renville geological province. Many gold,
copper, silver and manganese mineralized showings have been identified to date, with many
characteristics suggesting of a sediment -hosted stratiforme 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 Mining holds a 2% NSR on 39 claims and 1% NSR on 21 other
claims of the Mitchi property.
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.
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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