Kintavar Intercepts the Longest Mineralized Interval on the Mitchi Property; 94.80m @ 0.30% Cu within 216m @ 0.20% Cu
February 27 2019 - 11:33AM
InvestorsHub NewsWire
![](https://investorshub.advfn.com/uimage/uploads/2019/2/27/hqdyologo-kintavar2.png)
Kintavar Intercepts the Longest Mineralized Interval on the
Mitchi Property; 94.80m @ 0.30% Cu within 216m @ 0.20%
Cu
- Kintavar will be in Toronto at the
PDAC from March 3 to 6 at booth #2642 and as well will be
presenting its core from the Mitchi project at the Core Shack
display #3104 on Sunday and Monday, March 3rd and
4th, 2019. Please come and visit to talk to the
management and our geologists to learn more about the Mitchi
project.
MONTREAL, Québec,
CANADA -- February 27, 2019 -- InvestorsHub
NewsWire -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is
pleased to announce the final assay results for the 2018 drilling
program on the Mitchi project. The western portion of the Sherlock
zone delivered in its objectives to open the mineralization to the
West while confirming the presence of all the main mineralized
horizons which are tightly stacked, folded and mainly sub-vertical.
The mineralized interval of 0.20% Cu over 216m in hole MS-18-46 is
the longest on the Mitchi property.
Cross section 2+50
for the Sherlock zone.
"We are very
excited with these final results from the 2018 drilling program. We
have drilled over 10,000 meters, discovered many new mineralized
zones and learned a lot about the geology and the structure of the
Mitchi project in the past year. As we advance, the intervals
become longer and grades inch higher while the Sherlock zone
remains open laterally and at depth. With ongoing metallurgical
testing, we are hoping to begin demonstrating some economic
potential of the stratiform mineralization of the Mitchi project
and what we believe could become a district scale project with the
entire sedimentary basin having already been staked by Kintavar and
royalty free. We are looking forward to going back in the field in
the spring to begin drilling the extensions of the Sherlock zone
and continue working on the Conan zone,” comments Kiril Mugerman,
President & CEO of Kintavar.
The interbedded nature of the
sedimentary system and the associated mineralization is put in
evidence once again as 5 separate intervals ranging from 4m and up
to 17m produced grades ranging from 0.59% Cu and 0.64% Cu. These
intervals are very important for the ongoing metallurgical test
work including various sorting methods that are often used to
upgrade mining ores. If demonstrated to be applicable, it could
deliver major advantages that can lower capital costs significantly
and reduce the footprint of a mine, which are not applicable in
traditional bulk mining copper porphyry deposits.
Another important discovery of
drill hole MS-18-46 is the marble unit at the end of the hole. This
is the northernmost marble unit discovered in the Sherlock zone and
although it did not return significant intercepts, copper sulfides
were present and increasing over the last 20m of the drill hole
which ultimately was stopped due to reaching the drill rig maximum
depth capacity. This northern horizon will be investigated in 2019
on surface with trenching and additional
drilling.
Figure 1: Cross section 2+50 for
the Sherlock zone. Click
here for full size image.
Drill
Hole |
UTM
X
N83Z18 |
UTM
Y |
Azimut
/Dip |
Length
(m) |
|
From
(m) |
To
(m) |
Thickness(1) |
Cu
% |
Ag
(g/t) |
MS-18-46 |
483520 |
5252920 |
N330 / -45 |
426 |
|
19,20 |
235,20 |
216,00 |
0,20 |
2,1 |
incl |
19,20 |
114,00 |
94,80 |
0,30 |
3,5 |
incl |
52,00 |
69,00 |
17,00 |
0,61 |
6,2 |
and |
75,00 |
89,00 |
14,00 |
0,64 |
5,8 |
and |
110,00 |
114,00 |
4,00 |
0,59 |
11,5 |
and |
187,10 |
192,00 |
4,90 |
0,31 |
2,7 |
and |
207,60 |
235,20 |
27,60 |
0,38 |
3,2 |
incl |
208,60 |
212,60 |
4,00 |
0,62 |
5,6 |
and |
225,00 |
233,00 |
8,00 |
0,64 |
5,5 |
(1) : True thickness is estimated
at 40 to 80% of the intersected thickness |
Table
1: Summary of copper intersections for drill hole
MS-46
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.
NI-43-101
Disclosure
Alain Cayer, P.Geo., MSc.,
Vice-President Exploration of Kintavar, is Qualified Person under
NI 43101 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. It’s 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.
For further information,
contact:
Kiril Mugerman, president and
CEO
Phone : +1 450 641 5119 #5653
Email : kmugerman@kintavar.com
Web: www.kintavar.com
Forward
looking Statements:
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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.
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release contains statements that may constitute “forward-looking
information” or “forward looking statements” within the meaning of
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by the forward-looking information will transpire or occur,
including 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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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
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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, 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
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does the Corporation undertake any obligation, to update or revise
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