Montréal, Québec, January 14, 2019 – Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the surface trenching results from November and December 2018. The trenches were completed in the Sherlock and Conan areas and were able to significantly extend the surface mineralization to the East and to the West. The trenches were then followed up with drilling to confirm the extension of the mineralization at depth.
In the Sherlock area, eight (8) trenches intersected over tens of meters of the bornite, chalcocite (nearly 80% copper by weight) and chalcopyrite mineralization within marble and calc-silicate horizons, while six (6) of the trenches returned grades of 1% Cu and higher in multiple samples. The extension of the surface mineralization and the fertile lithological units by over 200 meters and the additional 7 drill holes, as can be seen in Figure 1 below, are confirming the interpretation of many tightly folded parallel mineralized marble horizons. These horizons remain open to the East and to the West and will be investigated by further drilling and trenching in 2019. Drilling assays are expected in Q1.
In the Conan area, 3 km to the North of Sherlock, two (2) new trenches confirmed the extent of the mineralization over 150 meters within marble horizons with the same characteristics as the Sherlock area.
“With over 4,500 meters of drilling now completed in the Sherlock area and many trenches further confirming that the mineralization starts from surface, we now have a good sense of the frame of those stratiform mineralized horizons. The upcoming assays and the results of the metallurgical work are the next steps in demonstrating the mining potential of the Mitchi project.” comments Kiril Mugerman, President & CEO of Kintavar.
Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property.
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) and 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.
|Table 1: Best grab samples in trenches – Fall 2018|
|Area||Trench||Sample||Easting (N83 z18)||Northing||Cu (%)||Lithology|
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 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 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.
Forward looking Statements:
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