Kintavar Assays 0.73% Cu, 20.5 g/t Ag & 1.11% Mn over 7m at Wabash Trenches; Several Mineralized Horizons Observed
March 18 2021 - 7:30AM
Kintavar Exploration Inc. (the “
Corporation” or
“
Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is very
pleased to announce the channel sampling results from the November
2020 trenching program at the Wabash property.
“The Wabash copper-silver property is
demonstrating excellent potential. We are seeing the first
confirmation of higher-grade horizons with 0.73% Cu and 20.5 g/t Ag
over 7m that remain open to the West. The strongest and the biggest
IP anomaly that measures over 1km long by 250m wide and several
other significant anomalies have not yet been tested and will be
priority targets for the upcoming exploration program. We wanted to
get as much data as possible from Wabash before winter started. We
followed what we had at the time and had made excellent progress.
Now, from combining the channel results and the geophysical data,
we can see that mineralization has good correlation with the IP
anomalies and that we are working with various horizons. The right
conditions appear to be there to identify a significant width
copper zone at surface over several kilometers. The objective for
Wabash is clear now: identify the best copper and silver horizons,
follow them and build up volume.” commented Kiril Mugerman,
President & CEO of Kintavar Exploration.
The 5 channels were completed through 3 out of
the 7 trenches. Only the first trench of every area had channel
samples taken. The results can be visualized in Figure 1 and are
described below:
- North – Trench 1W & 1E (140m
total combined) – Mineralization appears to increase from East to
West with several horizons observed. A low-grade copper horizon
with over 30m in width, a manganese horizon of approximately 15m
wide and a medium grade copper and silver horizon (0.56% Cu, 8.5
g/t Ag over 4.25m) which remains open to the west. Trench was
stopped to the West due to existing trail and topography. As grab
samples indicate, mineralisation with high grade copper extends to
the west after the channel sample. Trench 2 and 3 did not have any
channel samples but did succeed in sampling higher-grade
mineralization as observed by the grab samples (up to 2.41% Cu,
77.5 g/t Ag and 0.20 g/t Au); that mineralization remains open to
the W and E. Trench 4 appears to have intersected a low-grade
horizon but was not thoroughly washed or sampled.
- Center – Trench 5 and 6 coincide
with the weaker eastern portion of an IP anomaly that was
identified later in the winter. We observe an approximately 10m
wide low-grade copper horizon adjacent to a medium grade copper
horizon (0.44% Cu, 5.6 g/t Ag over 7.20m) which remains open to the
West in the direction of the stronger IP anomaly that is over 700m
long. Our last sample is 120m to the East of this IP anomaly and
this gap will need to be investigated.
- South – Trench 7 – Mineralization
again appears to increase from East to West. Only 1 mineralized
horizon was observed for now, grading 0.73% Cu, 20.5 g/t Ag and
1.11% Mn over 7m. The horizon remains open to the West in the
direction of the medium to strong IP anomaly that is over 400m
long. We have a zone of 100m to be investigated before reaching the
IP anomaly.
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.
Grab samples are selected samples and not
necessarily representative of the mineralization hosted on the
property.
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. 37,000 hectares, 100% owned)
located 100 km north of the town of Mont-Laurier and 15 km East of
the town of Parent in Quebec. 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 properties 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 the 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 cashflow generating
operation where it employs local workforce. It as well works with
local First Nations to provide training and employment.
A figure accompanying this announcement is available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/07c2f9d1-a8a6-4246-8876-dda8cc6db541
For further information contact:
Kiril Mugerman, President and CEOPhone: +1 450 641 5119
#5653Email: kmugerman@kintavar.comWeb: www.kintavar.com
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does not intend, nor does the Corporation undertake any obligation,
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