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Kintavar Exploration: Mitchi Project: up to 9.12% Cu, 100 g/t Ag and 0.88 g/t Au in Grab Samples at the New Nasigon-Sud Trench; Repurchase of Royalty Making Entire Sedimentary Basin Royalty Free
Nasigon-Sud: 10 grab samples between 1.45% and 9.21% Cu Lac-Michel showing: 300 m to the South-East of Nasigon. Up to 1.32% Cu Elementary showing: 2.6 km North
About this update from Auriginal Mining Corp.
[{"type":"text","content":" Nasigon-Sud: 10 grab samples between 1.45% and 9.21% Cu Lac-Michel showing: 300 m to the South-East of Nasigon. Up to 1.32% Cu Elementary showing: 2.6 km North of Sherlock, 3 grab samples between 1.83% and 2.34% Cu Toby trench: Over 10m of folded and mineralized marble 200 m East of Sherlock Strike length of mineralization on Sherlock corridor over 4.5 km Hispana: 3 new zones of mineralized outcrops giving up to 1.04% Cu NSR Royalty on 21 claims of the Sherlock corridor repurchased – sedimentary basin is now royalty free MONTREAL, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is pleased to announce its first results from the 2018 summer exploration program. The results include a new high grade copper zone identified at the Nasigon-Sud trench, a new mineralized zone (Elementary) 2.6 km north of Sherlock which extends the strike length of the mineralization to 4.5 km in the Sherlock corridor and new mineralized zones in the Hispana corridor. Mineralization has now been identified in both the marble units and the metamorphosed sandstone units which are typically associated with stratiform copper deposits. This significantly expands the exploration horizons for the Corporation in the sedimentary basin of the Mitchi project. The Corporation is also pleased to announce that it has repurchased a 1% Net Smelter Returns (“NSR”) Royalty on 21 contiguous claims that are part of the Sherlock & Watson corridor for a total value of $50,000 payable in shares of its capital for a total of 131,578 common shares. This transaction is subject to the TSX Venture Exchange approval and the shares issued are subject to a hold period of four month and one day form the date of issuance. The work completed on the three corridors (Sherlock, Hispana and Nasigon) consisted of surface exploration and trenching which resulted in the discovery of several copper showings. The copper mineralization is strongly associated with stratiform units of marbles and calc-silicate metasediments, including new metamorphosed sandstone horizons. Figure 1 shows the overview of the exploration program to date and the recent discoveries. Figure 1: Summary of grab samples results June & July 2018 (Sherlock, Hispana & Nasigon Corridors). Full size map can be viewed here. Nasigon C...