Kintavar Exploration Inc. (the “
Corporation” or
“
Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is very
pleased to announce the nomination of Guy Le Bel and Richard R.
Faucher as two new candidates for directorship. At the same time,
Pierre Bertrand, who has been a director of Kintavar for 3 years,
has resigned from its Board of Directors for personal reasons.
The new directors will be proposed at Kintavar’s
next Annual General Meeting (“AGM”). The AGM will take place on
Monday, June 29th, 2020 at 10 a.m. (Eastern Time) at McMillan LLP
1000, Sherbrooke W, Suite 2700, Montréal, Québec.
“First off, I would like to thank Pierre for his
service and guidance that he provided to Kintavar since the early
days of the Corporation. His knowledge and experience in the Quebec
mining and exploration industry are second to none and we wish him
the best moving forward. With that said, our work over the last 3
years on the Mitchi project has attracted high caliber, experienced
mine developers such as Guy and Richard. Not only that both these
candidates have tremendous copper experience, they have both
recently put mines into production and their knowledge and
experience will be vital in advancing the Mitchi project in the
future towards that same development. The infrastructure and access
of the Mitchi project is a major advantage of our project and as
copper prices rebound in the coming years and our exploration team
continues to delineate the best mineralized zones from surface, the
project will be well positioned towards development. Although we
still have a lot of work to do on the ground, the knowledge that
Guy and Richard bring will help guide our exploration efforts
towards that next stage,” commented Kiril Mugerman, President &
CEO of Kintavar Exploration.
The new nominees to directorship as well as
their credentials are listed below. The other directors remain as
proposed directors of Kintavar as well.
Guy Le Bel:
Mr. Guy Le Bel brings more than 35 years of
international experience in business development, strategic and
financial planning to the Kintavar Board. Until recently, he was
chief executive officer and chief financial officer of Golden Queen
Mining Ltd. He was previously vice president, evaluations for
Capstone and vice president, business development for Quadra/FNX
Mining Ltd. Mr. Le Bel also held business advisory, strategy and
planning, business valuation, and financial planning management
roles at BHP Billiton Base Metals, Rio Algom Ltd, and Cambior Inc.,
together with independent consultation mandates across the
industry. He provides extensive experience across base and precious
metals industries in the Americas. Mr. Le Bel has held board
positions in numerous junior exploration and mining companies since
2007. He is currently appointed to the board of Pembridge Resources
(PERE:LSE), a mining company which recently restarted the Minto
copper-gold-silver mine in the Yukon, Canada. Mr. Le Bel holds an
MBA Finance from Ecole des Hautes Etudes Commerciales (Montreal), a
Master Applied Sciences, Mining Engineering from University of
British Columbia and a B.Sc. Mining Engineering from Universite
Laval. He is a professional engineer (O.I.Q.).
Richard R. Faucher:
Mr. Richard R. Faucher has over 40 years of
experience in the mining and metallurgical fields and he has
occupied various executive positions for the Noranda-Falconbridge
group, as General Manager of Gaspe Copper Mines, Vice-President of
Brunswick Mining & Smelting and President of Falconbridge
Dominicana in the Dominican Republic. After leaving Noranda, Mr.
Faucher acted as President & COO of Princeton Mining Corp. and
was instrumental in raising funds for the development and
construction of the Huckleberry mine project, a 20,000 tpd
operation completed in 1997. In 2008, Mr. Faucher left his position
as President & CEO of Canadian Royalties. He is currently
appointed as Vice-Chairman of the board of Robex Resources (RBX.V),
where they led the company to the restart of the Nampala gold mine
in Mali, and is appointed to the board of Global Atomic (GLO.T), a
uranium and zinc development and production company in Niger and
Turkey. Mr. Faucher has graduated in Metallurgical engineering from
Laval University (cum laude 1971) and a certified member of the
Institute of Corporate Directors (ICD).
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. Its 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. Kintavar is present in the gold greenstones
of Quebec and is advancing the Anik Gold Project in a partnership
with IAMGOLD.
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:
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 results, 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, including 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, 2019, 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.
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