Source: Kintavar Exploration Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Kintavar Exploration (KTR) released the results from summer drilling at the MLI corridor
  • All six holes along the 100-metre strike length within the Lara zone have successfully intersected the polymetallic mineralization with copper, silver, lead, and zinc
  • Best intercepts include 5.35 metres at 1.19 per cent Cu and 28.4 g/t Ag within a wider intersection of 19 metres at 0.59 per cent Cu and 19.1 g/t Ag in hole WAB-22-22
  • Kintavar Exploration (KTR) opened trading at C$0.05 per share

Kintavar Exploration (KTR) released the results from summer drilling at the MLI corridor.

The company also provided details on exploration plans for the Mitchi-Wabash district, including follow-up drilling at the Lara zone at the Wabash Project, targeting the high-grade horizon and infill drilling at the Sherlock zone, to bring it towards a maiden resource estimate.

All six holes along the 100-metre strike length within the Lara zone have successfully intersected the polymetallic mineralization with copper, silver, lead and zinc. From two to four mineralized marble and diopside, gneiss horizons have been intersected in each hole with widths ranging from 3 metres to 25 metres.

Best intercepts include 5.35 metres at 1.19 per cent Cu and 28.4 g/t Ag within a wider intersection of 19 metres at 0.59 per cent Cu and 19.1 g/t Ag in hole WAB-22-22. Two drill holes were added into the Indiana zone, which successfully demonstrated the extension of the MLI corridor for over 1km with the best intercept of 0.36 per cent Cu and 39.6 g/t Ag over 8.45 metres in hole WAB-22-31. 

The drilling program targeted and successfully intersected the mineralization from surface up to a depth of 75 metres. Additional drilling to target the extensions of the high-grade zone is being planned for November and December 2022.

President and CEO of Kintavar Exploration, Kiril Mugerman, said that the Grenville geology presents challenges and 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 five years, we discovered over nine 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, leading us to our first resource estimates in the region. Additional metallurgical and sorting test work 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.”

Kintavar Exploration is a Canadian mineral exploration corporation focusing on the acquisition, assessment, exploration, and development of gold and base metal mineral properties.

Kintavar Exploration (KTR) opened trading at C$0.05 per share.


More From The Market Herald

" Basin Uranium (CSE:NCLR) completes 2022 drilling at Mann Lake

Basin Uranium (NCLR) has completed 2022 drilling at its Mann Lake project.
New Found Gold Corp. - COO, Greg Matheson.

" New Found (TSXV:NFG) intercepts bonanza gold

New Found Gold Corp. (NFG) has struck a bonanza-grade gold intercept on its Queensway Project in Newfoundland and Labrador.

" Andean Precious Metals (TSXV:APM) appoints new independent director

Andean Precious Metals (APM) announced the appointment of Yohann Bouchard to its board of directors, effective December 1, 2022.

" Skyharbour Resources (TSXV:SYH) completes 2022 drilling at Mann Lake uranium project

Skyharbour Resources (SYH) partner company Basin Uranium has completed the 2022 drilling program at the Mann Lake uranium project.