AUME.V · 2018-11-05 12:00:00

Pour distribution immédiate NASIGON MAIDEN DRILLING CONFIRMS CONTINOUS STRATIFORM COPPER MINERALIZATION OVER 1 KM FROM SURFACE

Drill Results

NEWS RELEASE

Pour distribution immédiate

NASIGON MAIDEN DRILLING CONFIRMS CONTINOUS STRATIFORM COPPER

MINERALIZATION OVER 1 KM FROM SURFACE

Montréal, Québec, November 5, 2018 – Kintavar Exploration Inc. (the “Corporation” or

“Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce drilling results from the

Nasigon maiden drilling program. The 16 drill holes program (2,500 m) intersected 7 mineralized

marble and calc-silicate units which can be followed on surface and at depth for over 1 km. The

width of the mineralized corridor is approximately 500 m. The mineralization was confirmed to a

depth of up to 125 m.

The Nasigon showing area identified five (5) of these units, while two (2) other units were

identified to the South-West in the Moli showing area (see Figure 1). Mineralization is present in

the form of chalcocite, bornite and chalcopyrite and is consistent with mineralization in the

Sherlock corridor. This confirms the extension of the stratiform copper mineralization to over 15

km. The main difference observed between the two corridors is the struct ural setting. The

structural thickening that is present in Sherlock is yet to be identified at Nasigon as most drill

holes intersected individual units in a fold limb and not the fold hinge which should provide the

thickest intervals.

Several drill holes intersected over 20 m of mineralization (MN -18-06 22.0 m @ 0.28% Cu, MN -

18-01 21.0 m @ 0.21% Cu) which are pointing toward mineralization widening and grade

increasing to the South -West. All the units that were intersected remain open laterally and at

depth. The units are 450 to 6 50 dip and the drilling represents true width of over 80% of the

mineralized intervals. The summary of the copper intersections is presented in Table 1 at the end

of the press release.

“The Mitchi project gives us a unique mineralized system to work with. With mineralization

present over 15 km we are seeing how different structural settings provide us with different

advantages in each area . The Nasigon maiden drilling program demonstrated that the structure

here is easier to follow on surface and at depth which we will be extending laterally and

particularly to the West . Future work will focus on surface follow up of soil and geophysical

anomalies that were not investigated this year and t argeting the fold hinges. ” comments Kiril

Mugerman, President and CEO of Kintavar.

- 2 -

Figure 1 : Summary of the Nasigon maiden drilling program.

The full figure of the location of Nasigon drill holes 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 laborator y 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.

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.

- 3 -

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 identi fied 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.

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 con tains 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”, “intend”, “plan”, “esti mate” “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 accurate indications o f 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 private

placement refer red 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 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 t he 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.

- 4 -

Holes

UTM Nad83z18 Lenght

(m) Azimut/dip Horizons From (m) To (m) Thickness (1)

(m) % Cu Ag g/t

X Y

MN-18-

491737 5265034 84 320 / -45 Nasigon 6.00 27.00 21.00 0.21 2.33

incl. 6.00 10.20 4.20 0.72 8.47

MN-18-

491712 5264929 78 353 / -44

Nasigon-

Sud 10.00 12.50 2.50 1.09 4.78

Nasigon

45.00 72.10 27.10 0.18 1.10

incl. 47.00 51.10 4.10 0.55 2.80

and 67.50 72.10 4.60 0.53 2.77

MN-18-

491761 5265022 114 328 / -45 Nasigon 10.60 18.50 7.90 0.32 1.54

incl. 10.60 15.10 4.50 0.55 2.47

MN-18-

491806 5265054 111 320 / -45 Nasigon-Est NSV NSV

MN-18-

491682 5264851 201 320 / -45 N-88 IP 54.50 62.60 8.10 0.14 0.78

MN-18-

491714 5265013 156 328 / -45 Nasigon 19.00 41.00 22.00 0.28 1.43

incl. 21.25 26.50 5.25 0.83 3.38

MN-18-

491762 5264946 132 320 / -45

Nasigon-

Sud 16.75 19.00 2.25 0.71 4.91

Nasigon 65.20 90.00 24.80 0.10 0.80

incl. 65.20 67.00 1.80 0.44 1.57

MN-18-

491672 5264815 138 320 / -45 Nasigon-

Sud

92.90 97.10 4.20 0.96 5.38

incl. 94.60 97.10 2.50 1.41 7.96

MN-18-

491791 5264986 144 320 / -45 Nasigon 48.00 51.00 3.00 0.80 5.60

MN-18-

492007 5264846 123 320 / -45

N-85 IP 28.00 31.00 3.00 0.34 2.80

N-87 IP 92.50 110.10 17.60 0.09 0.77

MN-18-

491963 5264751 249 320 / -45

N-84 IP

61.50 72.00 10.50 0.20 1.96

incl. 61.50 62.80 1.30 1.00 7.80

and

66.90 68.20 1.30 0.85 9.49

N-85 IP 146.00 149.25 3.25 0.81 5.18

incl.147.00 149.25 2.25 0.88 5.66

N-87 IP

171.05 180.05 9.00 0.39 2.19

incl.171.05 176.95 5.90 0.52 2.77

incl.173.75 175.80 2.05 0.86 5.21

MN-18-

491802 5264726 258 320 / -45

N-84 IP 21.85 26.00 4.15 0.24 1.86

N-85 IP 159.00 161.30 2.30 0.38 2.03

N-87 IP 180.40 200.80 20.40 0.11 0.95

MN-18-

491819 5264951 264 320 / -45

Nasigon-

Sud

36.00 41.15 5.15 0.28 1.66

incl. 38.60 40.50 1.90 0.52 2.86

Nasigon 78.70 83.30 4.60 0.24 1.23

102.05 102.95 0.90 0.97 11.66

- 5 -

MN-18-

491089 5264872 90 140 / -45

IP and soil

anomaly

targets

NSV NSV

MN-18-

491168 5264295 195 320 / -45

Moli 19.70 28.00 8.30 0.16 1.90

Moli-Nord 142.00 160.30 18.30 0.27 2.02

incl.150.50 157.50 7.00 0.55 3.48

MN-18-

491293 5264321 258 320 / -45

Moli 90.40 95.50 5.10 0.19 1.39

Moli-Nord 223.70 228.80 5.10 0.77 2.45

incl.224.80 227.60 2.80 0.94 3.15

(1) : True thickness is estimated at 80%+ of the intersected thickness

(2) : NSV = No significant value (<0.1% or < 1 g/t Ag)

← Back to feed