Kintavar Exploration Appoints A New Director and Provides an Exploration Update
05.06.2017 | Marketwire
MONTREAL, June 5, 2017 - Kintavar Exploration Inc. (the "Corporation" or "Kintavar") (TSX VENTURE:KTR), is pleased to announce that Mr. Pierre Bertrand, Eng., has joined the Board of Directors of Kintavar. Mr. Bertrand has been involved in the mining and mineral exploration industry since 1981. Up until 1998 he held various posts with Inmet Mining Corp. ranging from project geologist to district geologist covering the entire Eastern Canada and parts of Africa. In 1999 he joined SOQUEM Inc., a subsidiary of Investissement Québec, where he occupied several exploration management posts before being nominated general manager in 2006 and later on as President in 2015 and 2016. Mr. Bertrand was directly involved in the discovery of the Renard diamond mine and has participated in all stages of the project from exploration to feasibility including working on the Impact Benefit Agreement with the First Nations."A geologist with 36 years of mining, exploration and management experience that Mr. Bertrand has is a rare find. We are proud to have Mr. Bertrand join the board of Kintavar as an independent Director and look forward to working with him. His knowledge of Quebec geology and the mining and exploration space in general will be a major asset for the corporation" comments Kiril Mugerman, President and CEO of Kintavar.
Anik property - drilling update
A short exploration drilling program on the Anik property was completed at the end of winter 2017. The Corporation was able to complete only half of its original drilling program due to early spring breakup. Drilling focused on the south-western portion of the property, adjacent to the Nelligan project, a joint venture between IAMGOLD and Vanstar, where IAMGOLD recently completed a 7,669 meters drilling program. On Anik property, the Bobby zone (Drill hole ANK-15-06: 56.5m @ 0.41 g/t Au including 15m @ 1.0 g/t Au) and Kovi zone (channel sample: 0.95 g/t Au over 5.0 meters, open to the south and 6 grab samples up to 30.0 g/t Au) in the north-eastern portion of the property are now expected to be drilled in the next winter.
The 2017 winter drilling program included 15 drill holes for a total of 2,200 meters. Due to the lack of outcrop in this area of the property, the main objectives of the program were to test several geophysical Induced Polarization (IP) anomalies that could be suggesting of an extension of the mineralized structures of the Nelligan project, to confirm the lithologies present and to test several geological and geophysical targets.
The drilling program was able to successfully intersect the desired lithological units, alteration and mineralization suggesting of continuation of the Nelligan hydrothermal activity on the Anik property. Assays that were received to date have not returned any significant intercepts and additional assay results are still pending.
Rivière à l'Aigle property
The Corporation recently completed a detailed airborne geophysics electromagnetic (EM) and Magnetics survey covering the southern portion of the property covering all the high grade till anomalies that have been identified. The interpretation of the survey will help focus the summer field work program which will consist of additional till and soil sampling, trenching and local surface geophysics.
The property is located north of the Osisko Mining Urban Barry East Target where an extensive till sampling program was completed in 2016 confirming the gold trains identified by Kintavar. An Osisko Mining drilling program is currently ongoing on the East Target. The area is currently one of the most active exploration regions of Quebec.
Mitchi (previously WHN/Boisvert) and Cousineau properties
Over the last several months, the technical team focused on data compilation of the entire property which today covers 362 claims and 210 km2. More than seven (7) different geophysical surveys (Magnetics / EM, gravity, IP and Max-Min) dating back to 2002 are being treated together with four (4) different sets of soil sampling programs dating back to 2007. Those surveys were realized from 2002 to 2015 but they had minimal or no ground follow-up at all. The leveling and compilation of all this geophysical and geochemical data is being used to identify the sectors of highest priority for the upcoming three month field program that will focus on trenching and channel sampling. This is expected to be followed up in the fall by a detailed surface IP and Magnetic survey with the expectation for a drilling program during the winter season.
Website
The Corporation has officially launched this past week its website that shareholders can view at www.kintavar.com. We will be continually updating the website with maps, pictures and other additional information regarding our projects. Please check regularly for updates.
About the Anik Property
The Anik property (approx. 6,900 hectares, 100% owned) is situated 40 km to the south-east of the town of Chapais and 55 km to the south of the town of Chibougamau, in Québec. Located in the Opawica-Guercheville deformation corridor, host to several gold mines and deposits. The eastern portion of the property is located less than 7 km from the Joe Mann mine and the Lac Meston and Phillibert deposits. The western portion of the property is located less than 10 km to the south of the Monster Lake and Fancamp gold projects. In addition, the main gold zones of the Nelligan property, a joint venture between Vanstar Ressources and IAMGOLD, are surrounded to the north, south and east by Anik property boundaries at a distance of less than 1,500 metres.
About the Rivière-à-l'Aigle Property
>The Rivière-à-l'aigle property (approx. 9,000 hectares, 100% owned) is located in the Lake Windfall area, 55 km to the south of the town of Chapais and 100 km to the east of the town of Lebel-sur-Quévillon. The area has seen an increase in gold exploration over the last several years, primarily by Osisko Mining. The property is characterised by very strong geochemical gold anomalies coinciding with a network of faults and shear zones. The southern border of the property is in contact with the Urban Barry property of Osisko Mining.
About the Mitchi Property
The Mitchi property (approx. 21,000 hectares, 100% owned) is located west of the Mitchinamecus reservoir, 100 km north of the town of Mont-Laurier. The property covers an area of more than 200 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 and silver mineralized showings have been identified to date, with many characteristics suggesting of Iron Oxide Copper Gold ore (IOCG) and skarn type deposits. The mineralizing system appears to be a later stage event that has not been subject to the strong deformation forces arising from the Grenville orogeny. Geophysical and geochemical surveys, conducted by other companies in the past, confirm the presence of multiple anomalies that have yet to be followed up on with field work. Only one drilling campaign of 15 drill holes (386 m) was completed on the property in 1971 by Noranda. Osisko Mining holds a 2% NSR on 39 claims and 1% NSR on 21 other claims of the Mitchi property.
NI 43‐101 Disclosure
Alain Cayer, P. Geo., MSc., Vice-President Exploration of Kintavar, is the Qualified Person under NI 43-101 guidelines who supervised and approved the preparation of the technical information in this news release.
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.
The securities being offered will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States absent registration or an exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Kintavar's periodic reports including the annual report or in the filings made by Kintavar from time to time with securities regulatory authorities.
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Contact
Kintavar Exploration Inc.
Kiril Mugerman, President and CEO
+1 450 641 5119 #5653
kmugerman@kintavar.com
www.kintavar.com