Drill hole MS-22-95 provided the most unexpected results in both grade and thickness (0.51% Cu, 4,7 g/t Ag over 65.7m from 108.3m to 174m, and still open, including 0.84% Cu and 7.8 g/t Ag over 14m). This new intersection extended the mineralized horizons both to the North and at depth and will help build additional tonnage in the resource calculation. While previously the envisioned open pit for the resource model was targeting the mineralization in the top 100m from surface, hole MS-22-95 extends the mineralization to a depth of 174m. The hole was stopped in mineralization with the best assay from the entire drill hole giving 1.41% Cu and 13 g/t Ag over 0.9m.
All other infill holes returned the expected results and can be seen in Figure 1. The assays from the remaining 8 holes are expected in the coming weeks.
Cross section 300E is presented in Figure 2 which shows the contact of the mineralized horizons with the thrust-fault which acts as a natural southern pit boundary for the Sherlock zone. The cross section as well highlights the interbedding observed throughout the sedimentary basin. As a result, multiple mineralized horizons are present, with each one having variable thickness and grade, but only the starting depth and grade of the main intersection is indicated in Figure 1. The other mineralized intersections in each hole are not presented. In order to be able to properly exploit the thinner or less mineralized zones, a sorting technology is being currently tested in a bench scale. If successful, additional tonnage would become available for inclusion in the resource model. Results on the sorting testwork are expected in the spring.
Work has begun with InnovExplo on the maiden 43-101 resource estimate and is expected to be completed around
“Infill drilling usually provides the expected results, but drill hole MS-22-95 gave us a very nice surprise. The grade and the thickness observed are among the best on the Mitchi property. The drill hole ended in mineralization suggesting the system remains open at depth. We knew from pervious work that we had potential for the mineralization that we see at surface in the Center and the South-Eastern portion of the Sherlock zone to be extended to the North. This drill hole proved it, and we are now looking forward to the next drilling program to continue the infill in this area.” commented
All samples have been sent and prepared (PREP-31) by ALS Global laboratory in Val-d’Or. For base metals and silver, the pulp was sent to ALS Global laboratory in
NI-43-101 Disclosure
Figure 1: Sherlock zone with main intercepts from previous drillholes and the location of the infill drill hole collars from
Figure 2: Sherlock zone – Cross section 300E highlighting the deeper potential of the North-Western zone. (pdf) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a485b6d9-5f90-4061-8b19-a165c92100c1
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:
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Figure 1
Sherlock zone with main intercepts from previous drillholes and the location of the infill drill hole collars from November 2022 campaign
Figure 2
Sherlock zone – Cross section 300E highlighting the deeper potential of the North-Western zone.
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