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Kintavar Exploration Announces Maiden Copper and Silver Mineral Resource Estimate at Sherlock Zone, Mitchi Project
Highlights: Measured & Indicated resource of 2.99Mt @ 0.4% Cu and 4 g/t Ag constrained within a shallow open pit with cut-off grade of 0.2% Cu Estimate is based
About this update from Auriginal Mining Corp.
[{"type":"text","content":" Highlights: Measured & Indicated resource of 2.99Mt @ 0.4% Cu and 4 g/t Ag constrained within a shallow open pit with cut-off grade of 0.2% Cu Estimate is based on 66 drill holes totaling 10,150 m completed between 2017 and 2022 Mineral resource estimate confirms the potential of hub-and-spoke model for the Mitchi project Current study confirms the deposit is amenable to open pit mining operations with at-surface mineralization and relatively low strip ratios A Preliminary Economic Assessment will be completed to evaluate the capital costs of a hub-and-spoke model centered around the Sherlock zone and the existing infrastructure around the Fer à Cheval outfitter Genevieve Ayotte, CPA, joining the board of directors Shareholders are invited to join the Annual General Meeting on Friday June 16, 2023 at 10am at the following link: Teams link MONTREAL, June 15, 2023 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR), is pleased to announce the successful completion of its maiden mineral resource estimate (“MRE”) for the Sherlock zone, Mitchi Project. The independent MRE was prepared by InnovExplo Inc. in accordance with NI 43-101 regulations. “The Sherlock zone maiden mineral resource estimate achieved its goal. The study’s objective was to delineate the first open pit for our hub-and-spoke model that we envision for the Mitchi project. With the first shallow open pit with mineralization from surface established, we can proceed to the next stages in development and exploration. The upcoming Preliminary Economic Assessment (PEA) will establish all the economic parameters for such operation. The PEA will need to take into consideration all the infrastructure already presents around the Fer à Cheval outfitter, a major operational hub in the area. The PEA results will guide the next infill drilling program while other exploration activities will focus on identifying the best potential open pit targets that could feed ore to the same mill.” commented Kiril Mugerman, President & CEO of Kintavar Exploration. Mineral Resource Estimate Mitchi Project Mineral Resources Tonnes Copper (%) Silver (g/t) Lbs of Copper Ounces of Silver Sherlock Measured 6,000 0.47 2.4 57,200 400 Indicated 2,983,000 0.40 4.0 26,305,300 385,500 Measured + Indicated 2,989,000 0.40 4.0 26,362,500 385,900 Inferred 85,00...