Wabash Trenching Returns Significantly Higher Silver Results with up to 199 g/t Ag along with Cu (1.90%), Pb (1.27%) and Au (2.43 g/t)
August 18 2021 - 7:15AM
Kintavar Exploration Inc. (the “
Corporation” or
“
Kintavar”) (TSX-V: KTR), is very pleased to
announce the results from the trenching in the Indiana area where
mineralization was earlier discovered in the summer.
The three trenches in the Indiana area are along
strike and extend over 500m with mineralization observed within
interbedded metric calcitic marbles and paragneissic units. The
major sulfides associated with the mineralization are chalcopyrite,
bornite-covellite, sphalerite and galena which are all indicative
of additional enrichment patterns within the stratiform copper
sequence. The Corporation is working with its technical advisor Dr.
Michel Gauthier define the controls of the mineralized system and
develop exploration guides and tools that could lead to both
increases in grades and widths.
A summary of the important results from the
Indiana area is presented in Figure 1 and the table below:
Trench |
Sample # |
X n83z18 |
Y |
Grades |
Indiana |
A0748605 |
542973 |
5305778 |
1.87% Cu, 1.27% Pb and 199 g/t Ag |
A0748609 |
542961 |
5305784 |
1.90% Cu, 0.55% Pb and 155 g/t Ag |
A0748606 |
542963 |
5305780 |
1.24% Cu, 0.66% Pb and 143 g/t Ag |
Indiana-South |
A0748610 |
542973 |
5305720 |
1.65% Cu and 37 g/t Ag |
A0748902 |
542967 |
5305724 |
0.83% Cu and 26 g/t Ag |
A0748901 |
542967 |
5305724 |
0.58% Cu and 48 g/t Ag |
Indiana-North |
A0748616 |
543024 |
5306170 |
1.48% Cu, 116 g/t Ag, and 2.43 g/t
Au |
A0748621 |
543002 |
5306171 |
0.83% Cu and 78 g/t Ag |
Work continues throughout the entire property in
preparation for the upcoming drilling program and is only focused
on identifying new mineralized areas which are then trenched,
mapped and sampled. No channels are being conducted at the moment
in order to test as many anomalies as possible and to acquire the
maximum of information as possible from the favorable units.
Figure 1: Wabash property – June 2021 grab
samples
resultshttps://www.globenewswire.com/NewsRoom/AttachmentNg/b74322ef-108b-4157-b995-100d403f9310
“The Indiana area was a pleasant surprise
because it was located outside of the expected mineralized
footprint. The results from Indiana are now taking it to another
level when put in the geological context. We are seeing enrichment
in silver that takes it to higher grades than those observed in the
world class Kupfershiefer deposits in Poland. The enrichment in
lead is an interesting bonus and to top it all off we have yet
another indicator of a potential secondary enrichment in gold with
2.43 g/t Au. We have seen many grab samples throughout the property
with up to 0.2 g/t Au and this sample now confirms this hypothesis.
Furthermore, we are seeing from Indiana indications that the
stratigraphic unit with favorable lithologies is significantly
wider than what was originally observed at Trenches 1 through 7.”
commented Kiril Mugerman, President & CEO of Kintavar
Exploration.
All samples have been sent and prepared
(PREP-31) by ALS Global laboratory in Val-d’Or. Gold is analysed in
Val d’Or using fire assay method (AU-AA25) with gravimetric finish
(Au-GRA21) for samples higher than 0.5 ppm Au. For base metals and
silver, the pulp was sent to ALS Global laboratory in Vancouver for
multi-elemental analysis by four acid digestion (ME-ICP61) with
ICP-AES finish. Samples with assays higher than 10,000 ppm Cu, Zn
or Pb, or 100 ppm Ag were reanalyzed with over limits methods
(CU-OG62, ZN-OG62, PB-OG62, or AG-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.
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 and cashflow generating
operation where it employs local workforce. It as well works with
local First Nations to provide training and employment.
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.
For further information contact:
Kiril Mugerman, President and CEOPhone: +1 450
641 5119 #5653Email: kmugerman@kintavar.comWeb:
www.kintavar.com
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