Wabash Project; Prepares for November drilling on Wabash and Mitchi Projects
NEWS RELEASE
For immediate distribution
Kintavar Intercepts 5.35m @ 1.19% Cu and 28.4 g/t Ag at MLI Corridor,
Wabash Project; Prepares for November drilling on Wabash and Mitchi
Projects
Montreal, Quebec, October 6, 2022 – Kintavar Exploration Inc. (the “ Corporation” or “Kintavar”)
(TSX-V: KTR), is pleased to announce the results from the summer drilling at the MLI corridor and
the exploration plans for the upcoming months at the Mitchi -Wabash district including follow up
drilling at the Lara zone (Wabash project) targeting the high grade horizon and infill drilling at the
Sherlock zone (Mitchi project), to bring it towards a maiden resource estimate.
Wabash - MLI Corridor
All the 6 holes along the 100m strike length within the Lara zone have successfully intersected the
polymetallic mineralization with copper, silver, lead and zinc. From two (2) to four (4) mineralized
marble and diopside gneiss horizons have been inter sected in each hole with width ranging from
3m to 25m. Best intercepts include 5.35m @ 1.19% Cu and 28.4 g/t Ag within a wider intersection
of 19m @ 0.59% Cu and 19.1 g/t Ag in hole WAB-22-22. A detailed table of the main mineralized
intercepts can be seen be low including the associated Pb and Zn grades. The drilling program
targeted and successfully intersected the mineralization from surface and up to a depth of 75m.
The long section in Figure 1 demonstrates the continuity of the mineralized zone at depth an d
laterally. Although the mineralization was intersected in all the holes, a strong variation in
thickness and grade has been observed associated with structural controls. As a result, additional
drilling to target the extensions of the high -grade zone are being planned for November and
December.
Two drill holes were added into the Indiana zone which successfully demonstrated the extension
of the MLI corridor for over 1km with the best intercept of 0.36% Cu and 39.6 g/t Ag over 8.45m
in hole WAB -22-31. As can be observed in the detailed magnetics map (Figure 2), and already
confirmed by trenching along the MLI corridor, the mineralization extends along the structure with
local pinching and swelling (boudinage) structures and some faults . Additional drillin g will be
required to locate and connect the best mineralized horizons.
Mitchi – Sherlock zone
Following the review of all the mineralized zones identified to date (Mitchi: Sherlock/Watson ,
Elementary/Conan, Nasigon, Huard and Roccia, and Wabash: MLI, Wabash North (Cloutier), Richer
and Cooper), the Corporation intends to gradually add infill drilling into various zones in order to
bring them towards a resource estimate. In parallel to the drilling planned at Lara, an infill drilling
program is being planned for the Sherlock zone. The Sherlock zone has already been demonstrated
to extend for over 500m E- W and up to 300m N -S. The drilling will focus on areas with
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mineralization starting from surface and where thickness and grade are the most significant in the
top 100m. The drilling program is expected to be completed by end of December. P ermits are
already in place for both Lara and Sherlock drilling programs.
“The Grenville geology presents challenges and amazing opportunities while the local
infrastructure amplifies the potential of the entire region. The size of the stratiform copper basins
combined with the local structural complexities have created many zones where the
mineralization starts from surface. Over the last 5 years we discover ed over 9 mineralized zones
of interest with more zones still being worked on. With copper demand poised for significant
growth over the next decade, it is now the perfect time to start adding infill drilling into some of
our most advanced zones which will lead us to our first resource estimates in the region. Additional
metallurgical and sorting testwork is expected to take place over the next 6 months as well which
will ultimately help better understand the economics of the Mitchi-Wabash district.” commented
Kiril Mugerman, President & CEO of Kintavar Exploration.
Figure 1: Long section of the Lara zone (PDF)
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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 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.
Figure 2: Detailed Magnetics background & MLI corridor (PDF)
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 district (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.
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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 focus 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 t he 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 training 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.
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”, “intend”, “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 res ults, and will not necessarily be accurate 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, incl uding additional closings of the private
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 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 projected in any forward- looking statements. The Corporation
does not intend, nor does the Corporation undertake any obligation, to up date 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.
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Table 1: Main intercepts from summer 2022 drilling campaign – MLI Corridor, Wabash
Zones from to Thickness Cu % Ag g/t Other
WAB-22-21 Lara
26.45 33.00 6.55 0.21 11
incl. 30.50 33.00 2.50 0.36 25.8 0.41% Pb & 0.39% Zn / 2.5 m
and 64.40 81.20 16.80 1.01 19.3 incl. 64.40 72.00 7.60 1.26 22.9
WAB-22-22 Lara-
W
2.40 21.40 19.00 0.59 19.1 0.29% Pb / 7.35m (14.05 to 21.4m)
incl. 6.90 12.25 5.35 1.19 28.4 0.20% Zn / 9.14m (11.2 to 20.34m)
and 31.75 38.25 6.50 0.61 13.7 incl. 31.75 34.75 3.00 0.94 19.8
WAB-22-23 Lara-
W
3.45 7.35 3.90 0.27 14 0.22% Pb / 3.9m (3.45 to 7.35m)
and 17.10 28.35 11.25 0.47 15.5 0.13% Zn / 11.25m (17.1 to 28.35m)
incl. 23.90 28.35 4.45 0.77 20.6 0.14% Zn / 4.45m (23.9 to 28.35m)
and 34.10 37.20 3.10 0.29 13.3 0.11% Pb & 0.14% Zn / 3.1m (34.1 to 37.2m)
and 48.00 54.70 6.70 0.42 10.7
WAB-22-24 Lara-E
18.75 22.60 3.85 0.39 26.2 0.36% Pb & 0.21% Zn / 3.85m (18.75 to
22.6m)
48.80 73.40 24.60 0.32 10.3 0.28% Pb & 0.13% Zn / 5.1m (51.8 to 56.9m)
incl. 64.20 72.20 8.00 0.61 11.6
WAB-22-25 Lara-
75m
31.50 38.25 6.75 0.20 9.8
49.50 54.25 4.75 0.27 30.5 0.19% Cu & 6.4 g/t Ag / 45.65m (49.5 to
95.15m)
78.50 93.10 14.60 0.32 12.5 0.34% Pb & 0.25% Zn / 2.8m (36.2 to 39m)
incl. 78.50 81.25 2.75 0.56 32.6 0.20% Pb / 2.75m (78.5 to 81.25m)
and 89.25 95.15 5.90 0.51 17.6
WAB-22-26 Lara-S 23.00 28.30 5.30 0.55 19.8
incl. 25.00 28.30 3.30 0.77 27.4 0.10 g/t Au / 3.3m (25 to 28.3m)
WAB-22-27 Lara-S
21.45 25.00 3.55 0.12 3.8 0.22% Zn / 3.55m (21.45 to 25m)
and 35.85 42.70 6.85 0.38 8.9 incl. 39.00 42.70 3.70 0.56 12.8
WAB-22-31 IND 8.00 16.45 8.45 0.36 39.6 0.12% Pb / 8.45m (8 to 16.45m)
WAB-22-32 IND-N 23.05 37.25 14.20 0.13 9.4