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Kintavar Exploration Inc
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Recent Sedar Documents

Kintavar completes IP survey at Nasigon

2018-04-24 09:43 ET - News Release

Mr. Kiril Mugerman reports

KINTAVAR COMPLETES IP SURVEY ON NASIGON; HIGH PRIORITY DRILLING TARGETS IDENTIFIED OVER SEVERAL HUNDREDS OF METERS

Kintavar Exploration Inc. has completed an induced polarization (IP) geophysical survey on the Nasigon grid. The Nasigon corridor is the northernmost of the three present on the Mitchi property where stratiform copper mineralization has been identified. The 45-line-kilometre survey covers a surface are of 4.32 square kilometres and includes all the showings and the geochemical anomalies of the Nasigon area, including the main showing, which returned a grade of 1.10 per cent copper and 3.4 grams per tonne silver over 10 metres on surface in a channel sample (press release Nov. 29, 2017).

A figure associated with this news release is available on-line.

The compilation of all the geophysical anomalies from this survey demonstrates very positive similarities to the historical survey from the Sherlock/Watson area, where significant copper intersections were discovered in drilling (drill hole MS-17-03 had 120 m at 0.34 per cent copper and 2.90 grams per tonne silver, including 30 m at 0.63 per cent Cu and 3.76 g/t Ag and MS-17-04 had 131 m at 0.31 per cent Cu and 2.85 g/t Ag, including 29.3 m at 0.52 per cent Cu and 3.53 g/t Ag) (see press release from Jan. 31, 2018, true thickness is estimated at 65 per cent to 80 per cent of the intersected interval).

The main similarities between the Sherlock and Nasigon IP surveys are:

  • All the copper showings and the soil anomalies are located near weak to moderate chargeability anomalies.
  • The chargeability anomalies of the Sherlock area and the Nasigon area are of similar intensity and size, approximately 500 m on surface.
  • Similar to Sherlock, these chargeability anomalies are always associated with increases in resistivity.

In addition, significant chargeability anomalies are present south of the main Nasigon showing, which will be the subject of surface follow-up during the 2018 summer program.

"The correlation between the soil anomalies, the known mineralized outcrops and the IP anomalies is extremely encouraging. Furthermore, by comparing this survey to that of the Sherlock area and the mineralization intersected there in drilling, gives Nasigon a very promising outlook. Several IP anomalies extend for over hundreds of metres on surface and several folded zones have been identified, which provide Kintavar several high-priority drilling targets scheduled for this summer on Nasigon. Additional surface work will be completed in the coming months to select the best drilling targets," commented Kiril Mugerman, president and chief executive officer of Kintavar.

The survey was performed by Geosig and results modelling was completed by Joel Dube, PEng, from Dynamic Discovery Geoscience, a consultant for Kintavar.

National Instrument 43-101 disclosure

Alain Cayer, PGeo, 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.

About the Mitchi property

The Mitchi property (approximately 28,000 hectares, 100 per cent 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 280 square kilometres, accessible by a network of logging and gravel roads with a hydroelectric power substation located 14 km to the east. The property is located in the northwestern 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 a sediment-hosted stratiform-copper-type deposit (SSC) in the eastern portion of the property and iron oxide copper gold ore (IOCG) and skarn-type deposits in the western portion. Osisko holds a 2-per-cent net smelter returns royalty on 27 claims of the southern portion of the Mitchi property outside of the sedimentary basin, and a 1-per-cent NSR on 21 claims partially on in the sedimentary basin.

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