Business
Kintavar Drilling Results on Sherlock; Gold and Cobalt Trend Identified on Mitchi; Summer Exploration Begins
MONTREAL, June 17, 2020 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce th
About this update from Auriginal Mining Corp.
[{"type":"text","content":" MONTREAL, June 17, 2020 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the Sherlock corridor final winter drilling results and its comprehensive data compilation and analysis from the Mitchi project as it sets to begin its 2020 summer exploration program. “The Mitchi project is now entering the next stage in its exploration. With the main Sherlock zone well defined and the extensions better understood, our focus is to find and test additional mineralized zones from surface that could have volume potential ultimately leading to multiple open pit targets having minimal strip ratio potential similar to what we see at Sherlock.” commented Kiril Mugerman, President & CEO of Kintavar Exploration. “The Mitchi property does not lack exploration targets. In fact, the recent identification of the new gold and cobalt trends complement and adds to our traditional copper mineralization. This is very significant for Kintavar as it provides a new range of targets and a new area to explore. Furthermore, we are evaluating higher grade copper targets within trucking distance of Mitchi in order to be able to consider all these zones ultimately under one resource estimate of significant size. The objective would be to advance these new targets to a drilling stage as quickly as possible and to bring them to the level we currently have at Sherlock. The infrastructure and the location of the Mitchi project is its main advantage allowing to work multiple zones in order to build up a large resource.” Sherlock Drilling The Sherlock drilling program finished successfully with drill holes MS-19-62, 64 and 68 intersecting the mineralized horizons as expected (8.5m @ 0.73% Cu from surface, 16.1m @ 0.60% Cu from surface and 18.25m @ 0.43% Cu respectively) and confirmed that the mineralized horizons continue to the West and to the East. Figure 1, 2 and 3 show the plan view, cross section and the long section of the main Sherlock zone. Drilling as well suggests that mineralization remains open to the North and to the West as the units become more horizontal and gently dip deeper. Drilling in the Watson, Irene and other Northern extensions has confirmed mineralization in drilling over 2.5km (until hole MS-20-89) where a regional fault truncates the mineralizat...