Business
Kintavar Exploration: IAMGOLD Starts Drilling on Anik Gold Project
MONTREAL, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR), is very pleased to announce that IAMGOLD C
About this update from Auriginal Mining Corp.
[{"type":"text","content":" MONTREAL, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR), is very pleased to announce that IAMGOLD Corporation (“IAMGOLD”) has begun drilling on the Anik Gold Project (the “Project”) in the Chapais-Chibougamau region of Quebec. The Project has been optioned out to IAMGOLD (see press release May 28, 2020) where it can earn in up to 80% interest. IAMGOLD is evaluating several potential gold zones on the Project which have been highlighted by previous Kintavar work and by IAMGOLD in 2020 and 2021. One of the priority targets is the eastern extension of the Nelligan mineralized trend where IAMGOLD is planning to complete a minimum of 1,200 meters in November and December. Since IAMGOLD optioned the Project, a detailed till survey, a geophysical Induced Polarization (IP) survey and a structural model were completed. Based on these results, several targets were selected where the summer field work focused. This first drilling program targets gold anomalies in the tills coinciding with the geophysical anomalies and the extensions of shear zones from Nelligan deposit, or presenting similar signatures. “The geological work completed by IAMGOLD over the last 15 months looks very promising. The technical knowledge their team brings is second to none when it comes to this region. We are very excited working with IAMGOLD on the Anik Gold Project. We are looking forward to successful drill results and more drilling next year.” commented Kiril Mugerman, President & CEO of Kintavar Exploration. NI-43-101 Disclosure Alain Cayer, P.Geo., MSc., Vice-President Exploration of Kintavar, is Qualified Person under NI 43 101 guidelines who supervised and approved the preparation of the technical information in this news release. About the Anik Property The Anik property (approx. 5,400 hectares) is situated 40 km to the south-east of the town of Chapais and 55 km to the south of the town of Chibougamau, in Québec. Located in the Opawica-Guercheville deformation corridor, it is the host to several gold mines and deposits. The eastern portion of the property is located less than 7 km from the Joe Mann mine and the Lac Meston and Phillibert deposits. The western portion of the property is located less than 10 km t...