All the 6 holes along the 100m strike length within the Lara zone have successfully intersected the polymetallic mineralization with copper, silver, lead and zinc. From two (2) to four (4) mineralized marble and diopside gneiss horizons have been intersected in each hole with width ranging from 3m to 25m. Best intercepts include 5.35m @ 1.19% Cu and 28.4 g/t Ag within a wider intersection of 19m @ 0.59% Cu and 19.1 g/t Ag in hole
Two drill holes were added into the
Mitchi – Sherlock zone
Following the review of all the mineralized zones identified to date (Mitchi: Sherlock/
“The Grenville geology presents challenges and amazing opportunities while the local infrastructure amplifies the potential of the entire region. The size of the stratiform copper basins combined with the local structural complexities have created many zones where the mineralization starts from surface. Over the last 5 years we discovered over 9 mineralized zones of interest with more zones still being worked on. With copper demand poised for significant growth over the next decade, it is now the perfect time to start adding infill drilling into some of our most advanced zones which will lead us to our first resource estimates in the region. Additional metallurgical and sorting testwork is expected to take place over the next 6 months as well which will ultimately help better understand the economics of the Mitchi-Wabash district.” commented
Figure 1: Long section of the Lara zone (PDF) is available at the following address: https://www.globenewswire.com/NewsRoom/AttachmentNg/826742a1-1daa-4a00-9582-0d9a5d1dfb77
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
Figure 2: Detailed Magnetics background & MLI corridor (PDF) is available at the following address: https://www.globenewswire.com/NewsRoom/AttachmentNg/4ad9d028-bad0-4482-9af2-291064512843
NI-43-101 Disclosure
About
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.
For further information contact:
Phone: +1 450 641 5119 #5653
Email: kmugerman@kintavar.com
Web: www.kintavar.com
Forward looking Statements:
Neither
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
Table 1: Main intercepts from summer 2022 drilling campaign – MLI Corridor,
Zones | from | to | Thickness | Cu % | Ag g/t | Other | ||
Lara | 26.45 | 33.00 | 6.55 | 0.21 | 11 | |||
incl. | 30.50 | 33.00 | 2.50 | 0.36 | 25.8 | 0.41% Pb & 0.39% Zn / 2.5 m | ||
and | 64.40 | 81.20 | 16.80 | 1.01 | 19.3 | |||
incl. | 64.40 | 72.00 | 7.60 | 1.26 | 22.9 | |||
Lara-W | 2.40 | 21.40 | 19.00 | 0.59 | 19.1 | 0.29% Pb / 7.35m (14.05 to 21.4m) | ||
incl. | 6.90 | 12.25 | 5.35 | 1.19 | 28.4 | 0.20% Zn / 9.14m (11.2 to 20.34m) | ||
and | 31.75 | 38.25 | 6.50 | 0.61 | 13.7 | |||
incl. | 31.75 | 34.75 | 3.00 | 0.94 | 19.8 | |||
Lara-W | 3.45 | 7.35 | 3.90 | 0.27 | 14 | 0.22% Pb / 3.9m (3.45 to 7.35m) | ||
and | 17.10 | 28.35 | 11.25 | 0.47 | 15.5 | 0.13% Zn / 11.25m (17.1 to 28.35m) | ||
incl. | 23.90 | 28.35 | 4.45 | 0.77 | 20.6 | 0.14% Zn / 4.45m (23.9 to 28.35m) | ||
and | 34.10 | 37.20 | 3.10 | 0.29 | 13.3 | 0.11% Pb & 0.14% Zn / 3.1m (34.1 to 37.2m) | ||
and | 48.00 | 54.70 | 6.70 | 0.42 | 10.7 | |||
Lara-E | 18.75 | 22.60 | 3.85 | 0.39 | 26.2 | 0.36% Pb & 0.21% Zn / 3.85m (18.75 to 22.6m) | ||
48.80 | 73.40 | 24.60 | 0.32 | 10.3 | 0.28% Pb & 0.13% Zn / 5.1m (51.8 to 56.9m) | |||
incl. | 64.20 | 72.20 | 8.00 | 0.61 | 11.6 | |||
Lara-75m | 31.50 | 38.25 | 6.75 | 0.20 | 9.8 | |||
49.50 | 54.25 | 4.75 | 0.27 | 30.5 | 0.19% Cu & 6.4 g/t Ag / 45.65m (49.5 to 95.15m) | |||
78.50 | 93.10 | 14.60 | 0.32 | 12.5 | 0.34% Pb & 0.25% Zn / 2.8m (36.2 to 39m) | |||
incl. | 78.50 | 81.25 | 2.75 | 0.56 | 32.6 | 0.20% Pb / 2.75m (78.5 to 81.25m) | ||
and | 89.25 | 95.15 | 5.90 | 0.51 | 17.6 | |||
Lara-S | 23.00 | 28.30 | 5.30 | 0.55 | 19.8 | |||
incl. | 25.00 | 28.30 | 3.30 | 0.77 | 27.4 | 0.10 g/t Au / 3.3m (25 to 28.3m) | ||
Lara-S | 21.45 | 25.00 | 3.55 | 0.12 | 3.8 | 0.22% Zn / 3.55m (21.45 to 25m) | ||
and | 35.85 | 42.70 | 6.85 | 0.38 | 8.9 | |||
incl. | 39.00 | 42.70 | 3.70 | 0.56 | 12.8 | |||
IND | 8.00 | 16.45 | 8.45 | 0.36 | 39.6 | 0.12% Pb / 8.45m (8 to 16.45m) | ||
IND-N | 23.05 | 37.25 | 14.20 | 0.13 | 9.4 |
Figure 1
Long section of the Lara zone
Figure 2
Detailed Magnetics background & MLI corridor
2022 GlobeNewswire, Inc., source