Business
Kintavar Exploration Announces Results of Annual and Special Meeting; Provides update on Exploration
MONTREAL, June 10, 2022 (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 10, 2022 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce the results of its Annual and Special Meeting (the “AGM”) and also to provide an exploration update on the Wabash property. All the resolutions that were presented at the AGM on June 09, 2022, were approved by the shareholders. These resolutions include the nomination of the directors and the auditors as well as the renewal of the Corporoation’s Stock Option Plan. Shareholders re-elected Kiril Mugerman, Mark Billings, David Charles, Guy Le Bel, Richard Faucher and Maxime Lemieux to the Board of Directors. Moreover, during the Board meeting held after the AGM, Mark Billings was reconducted as Chairman and Maxime Lemieux as Corporate Secretary. Mark Billings (Chairman), Richard Faucher and Guy Lebel will form the audit committee. The Board of Directors has also granted 2,250,000 stock options under the Corporation’s Stock Option Incentive Plan to directors, officers and employees at an exercise price of $0.10 per share. These options expire five (5) years from the date of the grant, on June 09, 2027. Exploration Update The summer exploration program on the Wabash project began in June 2022. The camp at the Wabash project had been put back into operation during the month of May allowing for the geophysical surveys to commence. Two (2) geophysical targets (MLI corridor and GB1) will be evaluated with Induced Polarization (IP) and DeepEM respectively. The geological team has started surface work on the MLI corridor in order to trench and to expose the high-grade mineralized horizons from hole WAB-21-21 (1.01% Cu and 19.3 g/t Ag over 16.8m). As the anomalies from the IP survey become available, the surface exploration work will attempt to follow the high-grade horizon laterally. Currently, the MLI corridor is estimated at over 1km in length. The results from trenching and geophysics will be used to plan the drilling program that is planned to start in July or August. Currently, approximately 2,000m of drilling is being planned for phase 2 which will be followed up by another drilling program in the fall. Social acceptability Several meetings had taken place in May 2022 to provide an update on the Wabash project and the upcoming work with the local Wemontaci First Nation communit...