MINERALIZED ZONES DISCOVERED IN SUMMER 2018 New Conan showing – 0.48% Cu and 3.12 g/t Ag over 12.1 m (channel sample) The Conan zone is open in all the directions Conan - Elementary, favorable horizon over 200 m in width
NEWS RELEASE
Pour distribution immédiate
NEW CONAN SHOWING – 12.1 M @ 0.48% CU & 3.12 G/T AG IN CHANNEL; IN TOTAL 12 NEW
MINERALIZED ZONES DISCOVERED IN SUMMER 2018
New Conan showing – 0.48% Cu and 3.12 g/t Ag over 12.1 m (channel sample)
The Conan zone is open in all the directions
Conan - Elementary, favorable horizon over 200 m in width
Irene Zone, 8 mineralized marble boulders between 0.38% and 1.85% Cu
Fall program will focus on trenches and channel sampling in the Hispana corridor and
work in between the corridors
Montréal, Québec, October 15, 2018 – Kintavar Exploration Inc. (the “Corporation” or “Kintavar”)
(TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the assays from the surface summer
exploration program of 2018. Grab samples, channel samples and boulder sampling from the
Elementary zone, the newly discovered Conan zone and Irene from the Sherlock corridor and the
Moli, Moli-West and N84 zones in the Nasigon corridor have all identified continuous favorable
lithologies and several returned copper assays over 1%. Assays on drill holes from Nasigon and
Sherlock area are still pending.
The Conan showing, loc ated 300 meters to the south -west of the Elementary showing, returned
a channel sample of 12.1 meters with 0.48% Cu and 3.12 g/t Ag. The Conan zone is open in all
the directions. The Elementary showing returned eight (8) grab samples with grades between
0.19% and 1.41% Cu collected along the trench. The results are shown in Figure 1 and Table 1 in
appendix. The presence of mineralized boulders with up to 2.34% Cu, mineralized marbles and
calc-silicate units suggests a potential mineralized corridor of over 200 m in width in between
the two showings. The mineralized zone is open in the NE-SW direction and at depth.
At the Irene zone (0.31% Cu over 45 m, see press release September 17, 2018), l ocated 550 m
north of Sherlock, eight (8) boulders of up to sever al meters in size returned grades between
0.13% and 1.85% Cu. This demonstrates the continuous presence on surface of the mineralized
zone.
New assays from the Nasigon corridor confirmed the extension of the mineralized units to the
Moli, Moli -west and N 84 showings. The Moli and Moli -west trenches identified the same
mineralized stratigraphic horizon over 125 meters while the N84 trench identified the same
marble horizon as the N85 (Lac Michel) trench 230 m to the East (8.0 m @ 0.37% Cu and 3.25 g/t
Ag in channel, see press release August 16, 2018). Several grab samples in those trenches
returned assays of over 1% Cu.
- 2 -
“This summer program was an eye opener in terms of the scale and the potential of the
mineralized system. We can no longer overlook the lithologies that were previously considered
non fertile. We started the summer focusing on a constrained fertile lithological zone but as we
stepped out we discovered new zones. A total of 12 zones w ere discovered which resulted in a
reinterpretation of the historical geological works and new geophysical surveys that are now
pointing us to even more new zones. Hispana remains the only corridor that did not see
significant work since the discovery of s everal mineralized showings over 100 meters that
correspond to geochemical and geophysical anomalies. That work will begin this week and will
continue until snow fall.” comments Kiril Mugerman, President and CEO of Kintavar.
Figure 1 : Location of new results from the summer 2018 exploration program.
The full figure and images of the trenches can be downloaded here.
The table with new assays can be downloaded here or viewed at the end of the press release.
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 ar e selected samples and not necessarily representative of the mineralization
hosted on the property.
- 3 -
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.
The Corporation would like to announce that, subject to regulatory approval, it has retained
Mackie Research Capital Corporation to initiate its market making service to provide market
making services to the Corporation in compliance with the policies and guidelines of the TSX
Venture Exchange and other applicable legislation.
Mackie will trade shares of Kintavar on the TSX Venture for the purposes of maintaining a
reasonable market and improving the liquidity of Kintavar's common shares. The agreement
between Mackie and the Corporation can be terminated by either party with a written notice of
30 days and the Corporation has agreed to pay Mackie $5,000 per month for the first 6 months
and $3,500 per month there after, payable quarterly in advance. The Corporation and Mackie act
at arm's length, but Mackie may provide investment banking services to Kintavar and Mackie
and/or its clients may have an interest, directly or indirectly, in the securities of Kintavar. The
agreement is principally for the purposes of maintaining market stability and liquidity for the
Corporation’s common shares and is not a formal market making agreement. There are no
performance factors contained in the agreement between Mackie and the Corporation and
Mackie will not receive any shares or options from the Corporation as compensation for services
it will render.
About the Mitchi Property
The Mitchi property (approx. 30,000 hectares, 100% owned) is 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 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 holds a 2% NSR on 27 claims of the southern portion of the Mitchi
property, outside of the sedimentary basin.
About Mackie Research Capital Corporation
Mackie is one of Canada's largest independent full service investment firms, and proudly traces
its roots back to 1921. Mackie is privately owned by many of its 300 employees. As a fully
- 4 -
integrated national investment dealer, Mackie offers a full complement of capital markets and
wealth management services to private clients, institutions and growth companies.
For further information contact:
Kiril Mugerman,
President and CEO
Telephone: +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.
This news release contains statements that may constitute “forward -looking information” or “forward looking
statements” within the meaning of applicable Canadian securities legislation. Forward -looking information and
statements may include, among others, statements regarding future plans, costs, objectives or performance of the
Corporation, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”,
“could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “i ntend”, “plan”, “estimate” “target” and similar words and
the negative form thereof are used to identify forward -looking statements. Forward -looking statements should not
be read as guarantees of future performance or results, and will not necessarily be a ccurate indications of whether,
or 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 pr ivate
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 ev ents 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 unde r “Risk Factors” in the Corporation’s management’s
discussion and analysis for the fiscal year ended December 31, 2017, 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 update or revise any
forward-looking information or statements contained in this news release to reflect subsequent information, events
or circumstances or otherwise, except if required by applicable laws.
- 5 -
Sherlock Corridor Sherlock
Trench / Area SAMPLE UTM Nad83 Z18 Cu (%) Ag
(g/t)
Lithologies Type / lenght X Y
CONAN
X379740 483056 5255525 0,88 6,5 CaSi unit
Grabs
X379741 483057 5255525 0,51 4,6 Qz vein
X379742 483058 5255525 0,58 4,7 CaSi unit
X379743 483060 5255522 0,84 7,2 Marble
X379744 483060 5255522 0,52 4,0 CaSi unit
X379745 483063 5255519 3,37 26,6 CaSi unit
X379746 483065 5255518 1,89 20,7 Marble
X379747 483058 5255526 0,41 3,5 CaSi unit
X379657 483056 5255526 0,18 1,2 CaSi unit Ch. 1m
12,1m @ 0,48% Cu et 3,12 gt
Ag
X379658 483057 5255525 0,18 1,5 Marble Ch.1m
X379659 483057 5255525 0,35 2,4 Marble Ch.1,05m
X379660 483058 5255524 0,35 2,5 CaSi unit Ch.1,05m
X379661 483058 5255523 0,52 3,4 Marble Ch.1m
X379662 483059 5255523 0,75 5,6 Marble Ch.1m
X379663 483059 5255522 0,59 3,8 Marble Ch.1,05
X379664 483060 5255521 0,35 2,2 Marble Ch.1m
X379665 483061 5255522 0,50 3,0 Marble Ch.1m
X379666 483062 5255521 0,74 4,4 Marble Ch.1m
X379667 483063 5255520 0,47 2,9 Marble Ch.1,05
X379668 483063 5255520 0,78 4,7 Marble Ch.0,9m
Elementary
x379832 483423 5255611 0,32 7,4 CaSi unit
Grabs
x379843 483384 5255615 1,35 12,6 CaSi unit
x379833 483399 5255609 0,22 4,2 CaSi unit
x379834 483396 5255611 0,65 9,3 CaSi unit
x379835 483394 5255610 0,13 2,6 CaSi unit
x379836 483392 5255611 0,71 13,2 Orthogneiss
x379841 483376 5255617 1,41 15,6 CaSi unit
x379842 483386 5255610 0,19 3,2 CaSi unit
Blocs
Elementary
x379751 483361 5255562 1,80 14,8 Marble
Blocs
x379752 483361 5255562 0,35 2,7 CaSi unit
x379753 483354 5255370 1,62 14,5 Marble
X379515 483354 5255622 2,10 16,9 Marble
x379517 483362 5255557 2,34 18,5 Marble
x379516 483363 5255550 1,83 14,2 CaSi unit
x379522 483417 5255687 0,57 4,2 CaSi unit
x379546 483381 5254002 0,13 0,0 CaSi unit
Blocs Irene
R127885 483183 5253389 0,69 3,9 CaSi unit
Blocs
R127886 483187 5253386 0,89 6,2 CaSi unit
R127887 483259 5253355 0,91 5,8 Marble
R127892 483256 5253366 0,38 5,8 Marble
R127894 483268 5253359 0,96 8,8 Marble
R127896 483277 5253365 0,13 1,8 CaSi unit
R127897 483318 5253327 1,23 7,8 Marble
Y371559 483286 5253348 1,85 22,8 CaSi unit
Y371560 483286 5253348 0,55 6,1 Marble
Nasigon Corridor
MOLI
S743037 491285 5264384 0,60 5,3 CaSi unit
Grabs
X379368 491272 5264377 1,34 13,0 Marble
S743038 491280 5264381 0,95 7,6 CaSi unit
S743040 491273 5264378 0,60 5,1 Marble
S743041 491276 5264380 0,16 3,3 CaSi unit
S743042 491268 5264375 1,07 7,6 Marble
S743043 491266 5264374 1,46 13,7 CaSi unit
S743044 491265 5264373 1,10 8,3 CaSi unit
S743045 491277 5264384 0,54 2,5 Paragneiss
MOLI-W
Y366013 491153 5264309 1,48 17,0 CaSi unit
Grabs
Y366014 491154 5264310 0,19 1,6 CaSi unit
Y366015 491149 5264310 0,71 15,0 CaSi unit
Y366017 491149 5264315 0,12 1,3 CaSi unit
Y366018 491124 5264344 1,50 26,5 CaSi unit
Y366019 491125 5264347 0,13 1,3 CaSi unit
N84
Y366010 491773 5264788 2,07 23,2 CaSi unit
Grabs
Y366011 491770 5264787 1,31 17,2 CaSi unit
Y366005 491784 5264791 0,11 4,1 Granite
Y366006 491780 5264794 0,54 4,9 CaSi unit
Y366007 491776 5264792 0,81 6,5 CaSi unit
Y366008 491771 5264789 1,27 13,0 CaSi unit
Y366009 491770 5264786 0,54 5,4 CaSi unit