Kintavar Exploration Inc.

lockPrivate Group

Kintavar Exploration is a natural resources corporation principally engaged in the exploration and development of precious metals and base metals properties located in Quebec with access to infrastructures. It seeks to identify, investigate, evaluate and acquire under explored properties located ...

people6 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Request Membership


Kintavar Exploration Inc.

lockPrivateGroup

Kintavar Exploration is a natural resources corporation principally engaged in the exploration and development of pre......

people6 Members       (0)

Thumb 8020 monitor 200200 2

8020 Admin

1 month ago

8020 Admin posted a press release Kintavar intersects 0.53% Cu over 53m from 19m; Sub-horizontal model confirmed in KINTAVAR EXPLORATION INC.

MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce initial results from the drilling program that started in November 2019 and is continuing into 2020. Over 3,900 meters have been drilled and many more assays are forthcoming. The main objectives of the program were to test the sub-horizontal mineralized model of the Sherlock sector and to investigate the new mineralized zones such as trench SHK34, Conan and Elementary.


Highlights:



  • MS-19-51: 40.15m @ 0.44% Cu & 4.3 Ag g/t starting from surface

  • MS-19-52: 53.0m @ 0.53% Cu & 4.9 Ag g/t starting from 19m

  • Sub-horizontal, lightly dipping stacked mineralized zones confirmed

  • Open at depth to the North, East and West

  • Sharp contacts of the mineralized zones allow for easy selection of the units

  • Clear definition of high grade units that can be treated with floatation versus units that will need to be treated with sorting equipment


“We are very excited to see these first results which confirm our interpretation. The units are now better defined with higher grade and very clear boundaries which would make for easier modeling. The way the mineralization is hosted within the marble units is now much more evident and clearly demonstrates the advantages of shallow mineralization model we have at Mitchi versus a traditional porphyry. Shallow open pit deposits with selective mining have significantly lower capital cost requirements in comparison to the bulk tonnage porphyry deposits. We are looking forward to more results from this ongoing drilling program over the coming months.” comments Kiril Mugerman, President & CEO of Kintavar.


Sherlock Zone


The first six drill holes of the program were performed between the Sherlock trench to the West and the SHK38 trench to the East (Figure 1). All the holes were drilled vertically and each one intersected the mineralized sedimentary units. The 3 holes to the South (MS-19-47, 49 and 51) are presented on the long section (Figure 2) confirming the continuation of the two main mineralized units and the grades.


Many assays are still pending but the lithological units intersected in the 23 short holes in the Sherlock zone in 2019 confirm the sub horizontal lightly dipping mineralized units which remain open to the North, East and West.


The vertical drilling and the new model as well allowed to demonstrate that the mineralized units have very sharp contacts with the surrounding non mineralized units. As a result, the mineralized marble units can now be easily segregated into two categories, those that can be treated directly with flotation (F – grade of approximately 0.50% to 0.40% Cu) versus those that will need to be treated prior with existing sorting technologies (S – grade of approximately 0.15% to 0.40% Cu). This can have an important impact on project economics in the future (e.g. smaller mill, smaller flotation plant, smaller tailings, etc…) in comparison to the previous geological model envisioned in 2018 where much more dilution was present. The Corporation has already completed initial flotation studies (see press release April 24, 2019) which demonstrated high recoveries with very high copper content (up to 80% recovery with up to 59% copper content) due to the predominant presence of the minerals bornite and chalcocite. Sorting test work began in 2019 and will be further refined with these new findings.


Further compilation and modeling continue as more results become available and will be published accordingly. The drilling program has restarted in mid January and currently is focusing on the Conan, Elementary and SHK34 copper zones that were discovered last summer.


Figure 1: Location of the 6 first drill holes on the Sherlock zone: https://www.globenewswire.com/NewsRoom/AttachmentNg/f268f8b8-cdd5-4ab2-8f4b-f14fdae3b033 


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=KTR%3ACC&qmodStoryID=8672514421484009  

!
Thumb 8020 monitor 200200 2

8020 Admin

3 months ago

8020 Admin posted a press release Kintavar Provides Drilling Update on Mitchi Stratiform Copper Project in KINTAVAR EXPLORATION INC.


MONTREAL, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to provide an update on its 5,000 meter diamond core drilling program at the 100% owned stratiform copper Mitchi project in the province of Quebec.


Drilling Update


The winter drilling program is advancing as scheduled and 3,900 meters over 29 drill holes have been completed to date. Drilling at the Sherlock zone was completed successfully and will resume in January 2020 on the Elementary zone where the highest grade results on the property were identified to date (14m @ 0.93% Cu at the Elementary 08 trench, see October 24, 2019 press release). The exploration team is continuing to log and sample the core with the objective to send a maximum of samples from the Sherlock area drill holes to the lab before the holiday break. First assay results are expected in January 2020.


Drilling at the Sherlock zone has successfully confirmed the sub-horizontal nature of the thrust fault model that the Corporation had identified this summer. This model is expected to make it easier to delineate the resource model throughout the Sherlock area and the Corporation will present more information on this as assays become available.


“We are very pleased with the drilling program to date. Our geological interpretation from this summer is being confirmed which is a major advantage for any future mining development and the lab results will validate that. Sub horizontal stratiform mineralization from surface is a major advantage of the Sherlock area where we have demonstrated mineralization on surface for over 1km by 400m across. Next objective would be to demonstrate the same at the Elementary zone with drilling in January, where we see mineralization for over 1.5km long. The entire Mitchi project shows an amazing size potential and we are looking forward to the assays from the ongoing drilling program in the comings months which will provide the necessary information to start developing the resource model of the Sherlock area.” comments Kiril Mugerman, President & CEO of Kintavar.


Anik Gold Property Update


The Corporation’s Anik gold property benefits from a very favorable location being adjacent to and surrounding the Nelligan project (owned 75% by IAMGOLD Corporation and 25% by Vanstar Mining Resources Inc.) from the North, East and the South. The Nelligan project published its maiden resource estimate of just under 3.2 million ounces of gold on October 22, 2019 after only 56,000 meters of drilling. As announced on December 11, 2019, the gold corridor of potentially more than 4 kilometers remains open laterally and at depth and IAMGOLD increased its interest in the Nelligan project to 75%. With these recent developments in the region of the Anik property and the significant gold price increase in 2019, the Corporation has decided to evaluate other strategic alternatives that would be in the best interests of its shareholders. As such, it has decided to terminate the letter of intent with TomaGold Corporation that was originally announced on January 25, 2019.


“On behalf of the board of directors, management and the entire exploration team of Kintavar, I would like to take this opportunity to wish all of our shareholders happy holidays. I am confident 2020 will be an exciting year for Kintavar and our shareholders and we look forward to the developments in the new year.” adds Mr. Mugerman.


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:


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, 2018, 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.


Primary Logo


!
Thumb 8020 monitor 200200 2

8020 Admin

3 months ago

8020 Admin posted a press release Kintavar discovers new mineralized zone in the Sherlock corridor; Obtains 29.5m @ 0.47% Cu in channel sample at SHK34 trench in KINTAVAR EXPLORATION INC.

MONTRÉAL, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the final results from its 2019 summer exploration program at the Sherlock corridor, the southernmost of the 3 corridors Kintavar has confirmed. The below results are from the Watson, Irene and the Columbo areas.


Highlights include:



  • Trench SHK34: a new mineralized area located 220m to the West of the Watson showing grading 29.5m @ 0.47% Cu and 6.79 g/t Ag

  • Irene showing: channel sample grading 0.87% Cu and 12.9 g/t Ag over 5.0m

  • Mineralization from trench SHK38 to SHK34 can now be traced over 1km with approximately 400m across

  • Columbo showing: channel sample returned 0.70% Cu and 6.2 g/t Ag over 3.0m, confirming mineralization 1.8km to the East of Sherlock


This final set of results addresses the 3rd main objective of the summer exploration program which was regional exploration in the Sherlock corridor. With these results, the Sherlock zone has now been further extended to the West which brings the gap between the Sherlock, Conan and Elementary zones to less than 1.5km. Furthermore, the Columbo zone to the East opens a new frontier for surface exploration for 2020.


“These final surface results complete the exploration objectives we set out before us for the summer 2019 exploration program. We now have a much better understanding of the geology and the structure of the Mitchi project, we have identified new showings in the Conan and Elementary zones by following the soil anomalies that were discovered in 2018, have extended the known mineralized zones and identified new zones that could significantly increase the mineralization on surface in the future. With our first main zone, the Sherlock zone, now exhibiting mineralization on surface for over 1km long by over 400m across and up to 160m at depth in the 2018 drilling, we are very excited for the overall potential of the Mitchi property. The ongoing drilling program should be able to test and demonstrate the new geological model developed this summer and we will be eagerly awaiting the results during the winter of 2020,” comments Kiril Mugerman, President & CEO of Kintavar.


Trench SHK34, located 220m to the West of the Watson showing, confirmed the presence of the mineralized stratigraphy for over 1km on surface, extending from trench SHK38 (0.40% Cu over 30.5m, see press release October 10, 2019). A composite channel sample from the trench returned 29.5m @ 0.47% Cu and 6.79 g/t Ag including a continuous channel which gave 8.0m @ 0.75% Cu and 11.0 g/t Ag (see figure blow). The mineralization, which remains open in all the directions, has the same lithological and mineralogical characteristics as those seen in the Sherlock and SHK38 trenches. Similarly, the principal foliation varies with a general plunge of 15° to 35°. Currently, 3 drill holes are planned in this area during the ongoing drill program (see press release November 13, 2019).


The Irene showing, which was originally intersected in drill hole MS-18-19 (0.31% Cu over 41.0m, see press release September 17, 2018), is located 550m to the NW of the Sherlock showing and 500m to the NE of the Watson showing. The SHK19 trench, completed during summer 2019, identified on surface new mineralized horizons with the same characteristics as those observed at the Sherlock showing. The marble, diopside gneiss and the diopsidites unites returned a grade of 0.87% Cu and 12.9 g/t Ag over 5.0m and the zone remains open in all the directions. The zone shows the same weak plunge in the NE-SW direction and will be tested by 3 drill holes during the ongoing drill program.


Figure 1: SHK34 trench (Click here to open the figure in high resolution)


https://www.globenewswire.com/NewsRoom/AttachmentNg/a7984e64-5c54-43d8-97cb-e5890e745ef2


As far as regional step outs within the Sherlock corridor, the first trench was completed at the Columbo showing which is located 1.8km to the East of the Sherlock showing. The area, which has seen little exploration until now, allowed to identify the same lithologies and mineralization that are observed at the Sherlock zone, suggesting a significant extension of the mineralized horizons. A sequence of several meters of marble, diopsidites and diopside gneiss has been channeled and returned 0.75% and 0.7% Cu over 2m and 3m respectively. The zone is open to the East and to the West. If the conditions allow it, 1 drill hole will be completed at the Columbo showing.


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 43‐101 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:


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, 2018, 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.


Primary Logo



Figure 1



SHK34 trench



!
Thumb 8020 monitor 200200 2

8020 Admin

4 months ago

8020 Admin posted a press release Kintavar Begins 5,000 m Drilling Program on the Mitchi Copper Project in Quebec in KINTAVAR EXPLORATION INC.


MONTREAL, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce that it has begun its diamond core drilling program on the 100% owned stratiform copper Mitchi project in the province of Quebec.


The drilling program has 4 main objectives:



  • Testing the structural interpretation from the 2019 summer exploration program on the Sherlock zone;

  • Extending the Sherlock zone mineralization to the East, West and to the North;

  • Increasing the drill density in the Sherlock zone in preparation for a resource estimate;

  • First drilling on the summer discoveries of the Elementary and Conan zones

  • Regional drilling in the Watson and Irene zones


A total of up to 5,000 meters are planned with the majority of the drilling expected in the Sherlock zone. Some results from the fall exploration program are still pending for the Watson and Irene zones with the regional drill holes to be planned accordingly based on the surface results.


“After a long summer of trenching and learning more about the geology, we are excited to be drilling again at the Mitchi project. With the logistics significantly improved since our acquisition of the Fer a Cheval in the summer of 2019, we are looking forward to a successful winter drilling program.” comments Kiril Mugerman, President & CEO of Kintavar.


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:


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, 2018, 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.


Primary Logo


!
Thumb 8020 monitor 200200 2

8020 Admin

4 months ago

8020 Admin posted a press release Kintavar obtains 14m @ 0.94% Cu and 9m @ 0.71% Cu in channel samples from Elementary and Conan areas, 2.5km north of Sherlock in KINTAVAR EXPLORATION INC.

MONTREAL, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the second set of results from its summer 2019 exploration program.


The highlights include:



  • 10 trenches completed in the Conan and Elementary zones (“C&E Area”)

  • The mineralized horizons in the C&E Area can now be followed on surface for almost 1.5km NE-SW and 500m in across

  • Significant channel results from 3 distinct horizons:

    • 0.92% Cu and 5.9 g/t Ag over 14.0m;

    • 0.71% Cu and 3.9 g/t Ag over 9.0m; and

    • 0.42% Cu and 5.4 g/t Ag over 7.0m;



  • Mineralized zones remain open in both NE and SW directions

  • Three boulders of several meters in size graded 1.13% to 2.1% Cu. Source is up ice of the C&E Area suggesting that one or several zones are yet to be discovered to the North


The current set of results covers the 2nd main objective of the summer exploration program which was to follow up on the strong soil anomalies in the Elementary region that were discovered in the fall of 2018. The presented results are from 10 trenches in the C&E mineralized Zones which is located 2.5 km along the northern extension of the Sherlock zone (Figure 1). The C&E Zones now represents the second area of the southern Sherlock corridor which demonstrates potential to host large volumes of mineralization. Each trench successfully intersected all the mineralized lithologies: marbles, diopsidites and calc-silicates.


“Since the initial discovery of the Sherlock zone in 2017, our objective has been to identify a second zone which could provide an additional potential source of large volume of mineralization. The summer work clearly demonstrated that the C&E Zones not only have the potential volume but as well has the high-grade component: 14m @ 0.92% Cu including 9m @ 1.33% Cu is the best intersection we had on the entire property to date. The mineralized horizons continue to extend and the Conan, Elementary and the Sherlock zones could all get connected soon. We are very excited to start our drilling program in the coming weeks and to continue delineating the mineralization and bringing us closer to a maiden resource estimate on the Mitchi property.” comments Kiril Mugerman, President & CEO of Kintavar.


The identification of the mineralized sedimentary units over a distance of 1,500 m (NE-SW) and 500 m across (NW-SE) (figure 2) in the C&E area suggests that at least four horizons of mineralized marble and calc-silicate units of several meters in thickness are stratigraphically stacked and are plunging sub-horizontally between 0 and 45°. Further investigation by drilling will allow to confirm the true width of the sequence and to identify potential fold hinges which will offer maximum mineralized thickness.


Figure 1: Conan / Elementary area, located 2.5 km in the northern extension of the Sherlock Zone


https://www.globenewswire.com/NewsRoom/AttachmentNg/109fe1fe-abc8-4f0b-8636-73702fcb3151 


The mineralized zones remain open to the north and to the south with several soil anomalies suggesting continuation of the mineralization. In addition, three boulders of several meters in size, located north of the C&E Zone (up ice), returned grades between 1.13% and 2.1% Cu suggesting another source which is yet to be discovered. Due to thicker overburden, further trenching in the area is limited and the area needs to be now investigated with drilling.


Figure 2: 2019 trenches and grab samples from the Conan / Elementary area.


https://www.globenewswire.com/NewsRoom/AttachmentNg/01c28110-9c33-4c3b-93b4-fe5195f419ec


Table 1: Channel and Grab samples from Conan / Elementary Trenches - Summer 2019


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=KTR%3ACC&qmodStoryID=4807450903175259 

!
Thumb 8020 monitor 200200 2

8020 Admin

5 months ago

8020 Admin posted a press release Kintavar Closes $1.2M Private Placement in KINTAVAR EXPLORATION INC.


MONTREAL, Oct. 21, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce that it has closed a non-brokered private placement (the “Offering”) of 6,000,000 shares issued on a flow through basis at a price of $0.20 per share for gross proceeds of $1,200,000. No warrants, commissions or finders’ fees were issued.


The Corporation will use the proceeds of the Offering for the 5,000 m drilling program set to begin this November on the Mitchi property.


All securities issued pursuant to the Offering are subject to the applicable statutory four month hold period ending February 19, 2020. The offering is subject to the final approval of the TSX Venture Exchange.


“Our larger shareholders were very pleased with our initial summer exploration program results and as such, fully subscribed to this financing. Although Kintavar was already well funded, we felt it was a good opportunity, for all, to shore up our balance sheet, especially given current market conditions. We are excited to begin drilling shortly. Our expectations are very high, and we are excited to begin our drilling program shortly. Copper fundamentals remain strong and once trade wars end, Kintavar and the Mitchi project will be perfectly positioned to maximize shareholder value upon the return to stronger copper prices. We thank our shareholders for their continued support and believe their patience will be well rewarded,” comments Kiril Mugerman, President & CEO of Kintavar.


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.


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, 2018, 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.


Primary Logo


!

Kintavar Exploration Inc.

lockPrivate Group

Kintavar Exploration is a natural resources corporation principally engaged in the exploration and development of precious metals and base metals properties located in Quebec with access to infrastructures. It seeks to identify, investigate, evaluate and acquire under explored properties located ...

people6 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Request Membership


Kintavar Exploration Inc.

lockPrivateGroup

Kintavar Exploration is a natural resources corporation principally engaged in the exploration and development of pre......

people6 Members       (0)

Thumb 8020 monitor 200200 2

8020 Admin

1 month ago

8020 Admin posted a press release Kintavar intersects 0.53% Cu over 53m from 19m; Sub-horizontal model confirmed in KINTAVAR EXPLORATION INC.

MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce initial results from the drilling program that started in November 2019 and is continuing into 2020. Over 3,900 meters have been drilled and many more assays are forthcoming. The main objectives of the program were to test the sub-horizontal mineralized model of the Sherlock sector and to investigate the new mineralized zones such as trench SHK34, Conan and Elementary.


Highlights:



  • MS-19-51: 40.15m @ 0.44% Cu & 4.3 Ag g/t starting from surface

  • MS-19-52: 53.0m @ 0.53% Cu & 4.9 Ag g/t starting from 19m

  • Sub-horizontal, lightly dipping stacked mineralized zones confirmed

  • Open at depth to the North, East and West

  • Sharp contacts of the mineralized zones allow for easy selection of the units

  • Clear definition of high grade units that can be treated with floatation versus units that will need to be treated with sorting equipment


“We are very excited to see these first results which confirm our interpretation. The units are now better defined with higher grade and very clear boundaries which would make for easier modeling. The way the mineralization is hosted within the marble units is now much more evident and clearly demonstrates the advantages of shallow mineralization model we have at Mitchi versus a traditional porphyry. Shallow open pit deposits with selective mining have significantly lower capital cost requirements in comparison to the bulk tonnage porphyry deposits. We are looking forward to more results from this ongoing drilling program over the coming months.” comments Kiril Mugerman, President & CEO of Kintavar.


Sherlock Zone


The first six drill holes of the program were performed between the Sherlock trench to the West and the SHK38 trench to the East (Figure 1). All the holes were drilled vertically and each one intersected the mineralized sedimentary units. The 3 holes to the South (MS-19-47, 49 and 51) are presented on the long section (Figure 2) confirming the continuation of the two main mineralized units and the grades.


Many assays are still pending but the lithological units intersected in the 23 short holes in the Sherlock zone in 2019 confirm the sub horizontal lightly dipping mineralized units which remain open to the North, East and West.


The vertical drilling and the new model as well allowed to demonstrate that the mineralized units have very sharp contacts with the surrounding non mineralized units. As a result, the mineralized marble units can now be easily segregated into two categories, those that can be treated directly with flotation (F – grade of approximately 0.50% to 0.40% Cu) versus those that will need to be treated prior with existing sorting technologies (S – grade of approximately 0.15% to 0.40% Cu). This can have an important impact on project economics in the future (e.g. smaller mill, smaller flotation plant, smaller tailings, etc…) in comparison to the previous geological model envisioned in 2018 where much more dilution was present. The Corporation has already completed initial flotation studies (see press release April 24, 2019) which demonstrated high recoveries with very high copper content (up to 80% recovery with up to 59% copper content) due to the predominant presence of the minerals bornite and chalcocite. Sorting test work began in 2019 and will be further refined with these new findings.


Further compilation and modeling continue as more results become available and will be published accordingly. The drilling program has restarted in mid January and currently is focusing on the Conan, Elementary and SHK34 copper zones that were discovered last summer.


Figure 1: Location of the 6 first drill holes on the Sherlock zone: https://www.globenewswire.com/NewsRoom/AttachmentNg/f268f8b8-cdd5-4ab2-8f4b-f14fdae3b033 


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=KTR%3ACC&qmodStoryID=8672514421484009  

!
Thumb 8020 monitor 200200 2

8020 Admin

3 months ago

8020 Admin posted a press release Kintavar Provides Drilling Update on Mitchi Stratiform Copper Project in KINTAVAR EXPLORATION INC.


MONTREAL, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to provide an update on its 5,000 meter diamond core drilling program at the 100% owned stratiform copper Mitchi project in the province of Quebec.


Drilling Update


The winter drilling program is advancing as scheduled and 3,900 meters over 29 drill holes have been completed to date. Drilling at the Sherlock zone was completed successfully and will resume in January 2020 on the Elementary zone where the highest grade results on the property were identified to date (14m @ 0.93% Cu at the Elementary 08 trench, see October 24, 2019 press release). The exploration team is continuing to log and sample the core with the objective to send a maximum of samples from the Sherlock area drill holes to the lab before the holiday break. First assay results are expected in January 2020.


Drilling at the Sherlock zone has successfully confirmed the sub-horizontal nature of the thrust fault model that the Corporation had identified this summer. This model is expected to make it easier to delineate the resource model throughout the Sherlock area and the Corporation will present more information on this as assays become available.


“We are very pleased with the drilling program to date. Our geological interpretation from this summer is being confirmed which is a major advantage for any future mining development and the lab results will validate that. Sub horizontal stratiform mineralization from surface is a major advantage of the Sherlock area where we have demonstrated mineralization on surface for over 1km by 400m across. Next objective would be to demonstrate the same at the Elementary zone with drilling in January, where we see mineralization for over 1.5km long. The entire Mitchi project shows an amazing size potential and we are looking forward to the assays from the ongoing drilling program in the comings months which will provide the necessary information to start developing the resource model of the Sherlock area.” comments Kiril Mugerman, President & CEO of Kintavar.


Anik Gold Property Update


The Corporation’s Anik gold property benefits from a very favorable location being adjacent to and surrounding the Nelligan project (owned 75% by IAMGOLD Corporation and 25% by Vanstar Mining Resources Inc.) from the North, East and the South. The Nelligan project published its maiden resource estimate of just under 3.2 million ounces of gold on October 22, 2019 after only 56,000 meters of drilling. As announced on December 11, 2019, the gold corridor of potentially more than 4 kilometers remains open laterally and at depth and IAMGOLD increased its interest in the Nelligan project to 75%. With these recent developments in the region of the Anik property and the significant gold price increase in 2019, the Corporation has decided to evaluate other strategic alternatives that would be in the best interests of its shareholders. As such, it has decided to terminate the letter of intent with TomaGold Corporation that was originally announced on January 25, 2019.


“On behalf of the board of directors, management and the entire exploration team of Kintavar, I would like to take this opportunity to wish all of our shareholders happy holidays. I am confident 2020 will be an exciting year for Kintavar and our shareholders and we look forward to the developments in the new year.” adds Mr. Mugerman.


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:


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, 2018, 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.


Primary Logo


!
Thumb 8020 monitor 200200 2

8020 Admin

3 months ago

8020 Admin posted a press release Kintavar discovers new mineralized zone in the Sherlock corridor; Obtains 29.5m @ 0.47% Cu in channel sample at SHK34 trench in KINTAVAR EXPLORATION INC.

MONTRÉAL, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the final results from its 2019 summer exploration program at the Sherlock corridor, the southernmost of the 3 corridors Kintavar has confirmed. The below results are from the Watson, Irene and the Columbo areas.


Highlights include:



  • Trench SHK34: a new mineralized area located 220m to the West of the Watson showing grading 29.5m @ 0.47% Cu and 6.79 g/t Ag

  • Irene showing: channel sample grading 0.87% Cu and 12.9 g/t Ag over 5.0m

  • Mineralization from trench SHK38 to SHK34 can now be traced over 1km with approximately 400m across

  • Columbo showing: channel sample returned 0.70% Cu and 6.2 g/t Ag over 3.0m, confirming mineralization 1.8km to the East of Sherlock


This final set of results addresses the 3rd main objective of the summer exploration program which was regional exploration in the Sherlock corridor. With these results, the Sherlock zone has now been further extended to the West which brings the gap between the Sherlock, Conan and Elementary zones to less than 1.5km. Furthermore, the Columbo zone to the East opens a new frontier for surface exploration for 2020.


“These final surface results complete the exploration objectives we set out before us for the summer 2019 exploration program. We now have a much better understanding of the geology and the structure of the Mitchi project, we have identified new showings in the Conan and Elementary zones by following the soil anomalies that were discovered in 2018, have extended the known mineralized zones and identified new zones that could significantly increase the mineralization on surface in the future. With our first main zone, the Sherlock zone, now exhibiting mineralization on surface for over 1km long by over 400m across and up to 160m at depth in the 2018 drilling, we are very excited for the overall potential of the Mitchi property. The ongoing drilling program should be able to test and demonstrate the new geological model developed this summer and we will be eagerly awaiting the results during the winter of 2020,” comments Kiril Mugerman, President & CEO of Kintavar.


Trench SHK34, located 220m to the West of the Watson showing, confirmed the presence of the mineralized stratigraphy for over 1km on surface, extending from trench SHK38 (0.40% Cu over 30.5m, see press release October 10, 2019). A composite channel sample from the trench returned 29.5m @ 0.47% Cu and 6.79 g/t Ag including a continuous channel which gave 8.0m @ 0.75% Cu and 11.0 g/t Ag (see figure blow). The mineralization, which remains open in all the directions, has the same lithological and mineralogical characteristics as those seen in the Sherlock and SHK38 trenches. Similarly, the principal foliation varies with a general plunge of 15° to 35°. Currently, 3 drill holes are planned in this area during the ongoing drill program (see press release November 13, 2019).


The Irene showing, which was originally intersected in drill hole MS-18-19 (0.31% Cu over 41.0m, see press release September 17, 2018), is located 550m to the NW of the Sherlock showing and 500m to the NE of the Watson showing. The SHK19 trench, completed during summer 2019, identified on surface new mineralized horizons with the same characteristics as those observed at the Sherlock showing. The marble, diopside gneiss and the diopsidites unites returned a grade of 0.87% Cu and 12.9 g/t Ag over 5.0m and the zone remains open in all the directions. The zone shows the same weak plunge in the NE-SW direction and will be tested by 3 drill holes during the ongoing drill program.


Figure 1: SHK34 trench (Click here to open the figure in high resolution)


https://www.globenewswire.com/NewsRoom/AttachmentNg/a7984e64-5c54-43d8-97cb-e5890e745ef2


As far as regional step outs within the Sherlock corridor, the first trench was completed at the Columbo showing which is located 1.8km to the East of the Sherlock showing. The area, which has seen little exploration until now, allowed to identify the same lithologies and mineralization that are observed at the Sherlock zone, suggesting a significant extension of the mineralized horizons. A sequence of several meters of marble, diopsidites and diopside gneiss has been channeled and returned 0.75% and 0.7% Cu over 2m and 3m respectively. The zone is open to the East and to the West. If the conditions allow it, 1 drill hole will be completed at the Columbo showing.


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 43‐101 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:


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, 2018, 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.


Primary Logo



Figure 1



SHK34 trench



!
Thumb 8020 monitor 200200 2

8020 Admin

4 months ago

8020 Admin posted a press release Kintavar Begins 5,000 m Drilling Program on the Mitchi Copper Project in Quebec in KINTAVAR EXPLORATION INC.


MONTREAL, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce that it has begun its diamond core drilling program on the 100% owned stratiform copper Mitchi project in the province of Quebec.


The drilling program has 4 main objectives:



  • Testing the structural interpretation from the 2019 summer exploration program on the Sherlock zone;

  • Extending the Sherlock zone mineralization to the East, West and to the North;

  • Increasing the drill density in the Sherlock zone in preparation for a resource estimate;

  • First drilling on the summer discoveries of the Elementary and Conan zones

  • Regional drilling in the Watson and Irene zones


A total of up to 5,000 meters are planned with the majority of the drilling expected in the Sherlock zone. Some results from the fall exploration program are still pending for the Watson and Irene zones with the regional drill holes to be planned accordingly based on the surface results.


“After a long summer of trenching and learning more about the geology, we are excited to be drilling again at the Mitchi project. With the logistics significantly improved since our acquisition of the Fer a Cheval in the summer of 2019, we are looking forward to a successful winter drilling program.” comments Kiril Mugerman, President & CEO of Kintavar.


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:


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, 2018, 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.


Primary Logo


!
Thumb 8020 monitor 200200 2

8020 Admin

4 months ago

8020 Admin posted a press release Kintavar obtains 14m @ 0.94% Cu and 9m @ 0.71% Cu in channel samples from Elementary and Conan areas, 2.5km north of Sherlock in KINTAVAR EXPLORATION INC.

MONTREAL, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the second set of results from its summer 2019 exploration program.


The highlights include:



  • 10 trenches completed in the Conan and Elementary zones (“C&E Area”)

  • The mineralized horizons in the C&E Area can now be followed on surface for almost 1.5km NE-SW and 500m in across

  • Significant channel results from 3 distinct horizons:

    • 0.92% Cu and 5.9 g/t Ag over 14.0m;

    • 0.71% Cu and 3.9 g/t Ag over 9.0m; and

    • 0.42% Cu and 5.4 g/t Ag over 7.0m;



  • Mineralized zones remain open in both NE and SW directions

  • Three boulders of several meters in size graded 1.13% to 2.1% Cu. Source is up ice of the C&E Area suggesting that one or several zones are yet to be discovered to the North


The current set of results covers the 2nd main objective of the summer exploration program which was to follow up on the strong soil anomalies in the Elementary region that were discovered in the fall of 2018. The presented results are from 10 trenches in the C&E mineralized Zones which is located 2.5 km along the northern extension of the Sherlock zone (Figure 1). The C&E Zones now represents the second area of the southern Sherlock corridor which demonstrates potential to host large volumes of mineralization. Each trench successfully intersected all the mineralized lithologies: marbles, diopsidites and calc-silicates.


“Since the initial discovery of the Sherlock zone in 2017, our objective has been to identify a second zone which could provide an additional potential source of large volume of mineralization. The summer work clearly demonstrated that the C&E Zones not only have the potential volume but as well has the high-grade component: 14m @ 0.92% Cu including 9m @ 1.33% Cu is the best intersection we had on the entire property to date. The mineralized horizons continue to extend and the Conan, Elementary and the Sherlock zones could all get connected soon. We are very excited to start our drilling program in the coming weeks and to continue delineating the mineralization and bringing us closer to a maiden resource estimate on the Mitchi property.” comments Kiril Mugerman, President & CEO of Kintavar.


The identification of the mineralized sedimentary units over a distance of 1,500 m (NE-SW) and 500 m across (NW-SE) (figure 2) in the C&E area suggests that at least four horizons of mineralized marble and calc-silicate units of several meters in thickness are stratigraphically stacked and are plunging sub-horizontally between 0 and 45°. Further investigation by drilling will allow to confirm the true width of the sequence and to identify potential fold hinges which will offer maximum mineralized thickness.


Figure 1: Conan / Elementary area, located 2.5 km in the northern extension of the Sherlock Zone


https://www.globenewswire.com/NewsRoom/AttachmentNg/109fe1fe-abc8-4f0b-8636-73702fcb3151 


The mineralized zones remain open to the north and to the south with several soil anomalies suggesting continuation of the mineralization. In addition, three boulders of several meters in size, located north of the C&E Zone (up ice), returned grades between 1.13% and 2.1% Cu suggesting another source which is yet to be discovered. Due to thicker overburden, further trenching in the area is limited and the area needs to be now investigated with drilling.


Figure 2: 2019 trenches and grab samples from the Conan / Elementary area.


https://www.globenewswire.com/NewsRoom/AttachmentNg/01c28110-9c33-4c3b-93b4-fe5195f419ec


Table 1: Channel and Grab samples from Conan / Elementary Trenches - Summer 2019


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=KTR%3ACC&qmodStoryID=4807450903175259 

!
Thumb 8020 monitor 200200 2

8020 Admin

5 months ago

8020 Admin posted a press release Kintavar Closes $1.2M Private Placement in KINTAVAR EXPLORATION INC.


MONTREAL, Oct. 21, 2019 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce that it has closed a non-brokered private placement (the “Offering”) of 6,000,000 shares issued on a flow through basis at a price of $0.20 per share for gross proceeds of $1,200,000. No warrants, commissions or finders’ fees were issued.


The Corporation will use the proceeds of the Offering for the 5,000 m drilling program set to begin this November on the Mitchi property.


All securities issued pursuant to the Offering are subject to the applicable statutory four month hold period ending February 19, 2020. The offering is subject to the final approval of the TSX Venture Exchange.


“Our larger shareholders were very pleased with our initial summer exploration program results and as such, fully subscribed to this financing. Although Kintavar was already well funded, we felt it was a good opportunity, for all, to shore up our balance sheet, especially given current market conditions. We are excited to begin drilling shortly. Our expectations are very high, and we are excited to begin our drilling program shortly. Copper fundamentals remain strong and once trade wars end, Kintavar and the Mitchi project will be perfectly positioned to maximize shareholder value upon the return to stronger copper prices. We thank our shareholders for their continued support and believe their patience will be well rewarded,” comments Kiril Mugerman, President & CEO of Kintavar.


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.


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, 2018, 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.


Primary Logo


!