Kintavar Drilling Results on Sherlock; Gold and Cobalt Trend Identified on Mitchi; Summer Exploration Begins
Kintavar Drilling Results on Sherlock; Gold and Cobalt Trend Identified on
Mitchi; Summer Exploration Begins
MONTREAL, June 17, 2020 -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V),
is pleased to announce the Sherlock corridor final winter drilling results and its comprehensive data compilation and analysis
from the Mitchi project as it sets to begin its 2020 summer exploration program.
“The Mitchi project is now entering the next stage in its exploration. With the main Sherlock zone well defined and the
extensions better understood, our focus is to find and test additional mineralized zones from surface that could have volume
potential ultimately leading to multiple open pit targets having minimal strip ratio potential similar to what we see at Sherlock.”
commented Kiril Mugerman, President & CEO of Kintavar Exploration.
“The Mitchi property does not lack exploration targets. In fact, the recent identification of the new gold and cobalt trends
complement and adds to our traditional copper mineralization. This is very significant for Kintavar as it provides a new range of
targets and a new area to explore. Furthermore, we are evaluating higher grade copper targets within trucking distance of
Mitchi in order to be able to consider all these zones ultimately under one resource estimate of significant size. The objective
would be to advance these new targets to a drilling stage as quickly as possible and to bring them to the level we currently
have at Sherlock. The infrastructure and the location of the Mitchi project is its main advantage allowing to work multiple zones
in order to build up a large resource.”
Sherlock Drilling
The Sherlock drilling program finished successfully with drill holes MS-19-62, 64 and 68 intersecting the mineralized horizons
as expected (8.5m @ 0.73% Cu from surface, 16.1m @ 0.60% Cu from surface and 18.25m @ 0.43% Cu respectively) and
confirmed that the mineralized horizons continue to the West and to the East. Figure 1, 2 and 3 show the plan view, cross
section and the long section of the main Sherlock zone. Drilling as well suggests that mineralization remains open to the
North and to the West as the units become more horizontal and gently dip deeper.
Drilling in the Watson, Irene and other Northern extensions has confirmed mineralization in drilling over 2.5km (until hole MS-
20-89) where a regional fault truncates the mineralization (See Figure 4 ). Once outside of the main Sherlock area, less
structural thickening has been identified from surface and more work is required to identify those favorable zones which are
under thicker overburden in that part of the project.
Drilling in the Conan and Elementary zones ( Figure 4) identified much more linear structures than the Sherlock zone and
although mineralization has been confirmed in drilling over 1.5km, drilling did not identify to date any structural zones that
could offer the same thickness as that identified at Sherlock. The units are continuous but due to lower widths and / or grades,
the Conan and Elementary zones will be of lower priority for this summer’s exploration activities. Table 1 summarizes the
highlights of this set of drilling results.
Data Compilation and Analysis
A comprehensive data compilation and analysis had been performed this spring and has revealed two significant trends which
need further investigation (Figure 5 and 6):
• Gold trend between the Sherlock and Hispana corridors – Several soil anomalies, grab samples and channel samples
have been identified with grades reaching as high as 2.76 g/t Au. The NE-SW trend, located within the sedimentary
basin and associated with the stratiform copper mineralization, is sub-parallel to the major regional faults. This trend
forms a significant anomaly which will be investigated. In addition, The Huard showing (Hispana Corridor) returned the
highest density of anomalies with 9 samples returning grades between 0.09 and 0.71 g/t Au and between 0.21 and
1.65% Cu in a 30m by 5m trench.
• Cobalt trend between the Hispana and Nasigon corridors – Strong soil anomalies were identified which form the same
NE-SW trend, sub-parallel to the major regional faults, similar to the gold trend. The anomalies go as high as 0.5% and
0.3% Co. The anomalies were identified within the sedimentary basin and appear to be associated with stratiform
copper mineralization.
https://www.globenewswire.com/NewsRoom/AttachmentNg/631ba26b-567f-40ac-8408-d843adcc0c63
Figure 5 – Gold and cobalt trend on the Mitchi project
Summer Exploration Program
The summer exploration program is dedicated to identifying additional zones starting from surface that could provide either
similar size to the Sherlock main zone or higher-grade zones. This focus is divided in four main objectives:
• Mitchi Au and Co trends that were recently identified
• Mitchi Cu anomalies that were highlighted from the recent works, data compilation and analysis
• High grade skarns in the surrounding properties such as Cousineau
• Cu anomalies of the Wabash project, a sedimentary basin with the same characteristics as the Mitchi basin, located
60 km North-East of Mitchi in the extension of the major regional structures.
Figure 7 shows the Mitchi, Cousineau and Wabash properties location.
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 (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.
Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property.
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. Its 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
Email : [email protected]
Web: www.kintavar.com
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additional closings of the private placement referred to above, or if any of them do so, what benefits the Corporation will
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applicable laws.
Table 1: Sherlock, Irene, Watson and Elementary zones – Drill Holes MS-19-61 to MS-20-91 – Fall 2019 / Winter 2020
Zone Drill Hole UTM Nad83 z18 Dip / Az Length (m) From (m) To (m) Cu & Ag grade/ Intersection length (m)*
X Y
MS-19-62 483830 5253057 -45 / N185 45 3.45 11.95 0.73% Cu and 9.9 g/t Ag / 8.5 m
MS-19-63 483830 5253058 -90 58 1.45 4.85 0.82% Cu and 12.8 g/t Ag / 3.4 m
MS-19-64 483575 5252926 -90 111 2.00 18.10 0.60% Cu and 6.9 g/t Ag / 16.1 m
Sherlock
MS-19-68 483519 5252966 -90 159 51.60 69.85 0.43% Cu and 4.4 g/t Ag / 18.25 m
MS-19-69 483507 5253006 -90 222
57.55 65.00 0.60% Cu and 5.8 g/t Ag / 7.45 m
84.80 91.00 0.40% Cu and 3.6 g/t Ag / 6.20 m
109.60 111.65 0.60% Cu and 5.1 g/t Ag / 2.05 m
MS-19-70 483498 5253053 -90 237
91.30 99.90 0.51% Cu and 4.9 g/t Ag / 8.6m
105.50 113.95 0.45% Cu and 4.9 g/t Ag / 8.45 m
149.80 158.60 0.50% Cu and 4.6 g/t Ag / 8.80 m
Irene MS-19-71 483273 5253389 -45 / W335 105 89.00 94.00 0.49% Cu and 3.0 g/t Ag / 5.0 m
MS-19-73 483342 5253402 -60 / W295 195 75.00 80.00 0.63% Cu and 5.5 g/t Ag / 5.0 m
Watson
MS-19-74 482926 5253115 -45 / W250 66 27.60 31.25 0.42% Cu and 4.6 g/t Ag / 3.65 m
MS-19-75 482922 5253135 -45 / W250 79 9.65 17.60 0.46% Cu and 5.6 g/t Ag / 7.95 m
MS-19-76 482923 5253136 -90 96 37.20 41.55 0.46% Cu and 7.0 g/t Ag / 4.35 m
Elementary MS-20-82 483452 5255740 -45 / W325 66 4.00 8.00 0.47% Cu and 5.9 g/t Ag / 4.0 m
* True width is estimated between 65 and 90% of the intersected width