Kintavar adds significant copper and mine development experience; nominates Guy Le Bel and Richard Faucher as Directors
MONTRÉAL, June 03, 2020 (GLOBE NEWSWIRE) -- Kintavar Exploration Inc. (the “Corporation” or “Kintavar”) (TSX-V: KTR) (FRANKFURT: 58V), is very pleased to announce the nomination of Guy Le Bel and Richard R. Faucher as two new candidates for directorship. At the same time, Pierre Bertrand, who has been a director of Kintavar for 3 years, has resigned from its Board of Directors for personal reasons.
The new directors will be proposed at Kintavar’s next Annual General Meeting (“AGM”). The AGM will take place on Monday, June 29th, 2020 at 10 a.m. (Eastern Time) at McMillan LLP 1000, Sherbrooke W, Suite 2700, Montréal, Québec.
“First off, I would like to thank Pierre for his service and guidance that he provided to Kintavar since the early days of the Corporation. His knowledge and experience in the Quebec mining and exploration industry are second to none and we wish him the best moving forward. With that said, our work over the last 3 years on the Mitchi project has attracted high caliber, experienced mine developers such as Guy and Richard. Not only that both these candidates have tremendous copper experience, they have both recently put mines into production and their knowledge and experience will be vital in advancing the Mitchi project in the future towards that same development. The infrastructure and access of the Mitchi project is a major advantage of our project and as copper prices rebound in the coming years and our exploration team continues to delineate the best mineralized zones from surface, the project will be well positioned towards development. Although we still have a lot of work to do on the ground, the knowledge that Guy and Richard bring will help guide our exploration efforts towards that next stage,” commented Kiril Mugerman, President & CEO of Kintavar Exploration.
The new nominees to directorship as well as their credentials are listed below. The other directors remain as proposed directors of Kintavar as well.
Guy Le Bel:
Mr. Guy Le Bel brings more than 35 years of international experience in business development, strategic and financial planning to the Kintavar Board. Until recently, he was chief executive officer and chief financial officer of Golden Queen Mining Ltd. He was previously vice president, evaluations for Capstone and vice president, business development for Quadra/FNX Mining Ltd. Mr. Le Bel also held business advisory, strategy and planning, business valuation, and financial planning management roles at BHP Billiton Base Metals, Rio Algom Ltd, and Cambior Inc., together with independent consultation mandates across the industry. He provides extensive experience across base and precious metals industries in the Americas. Mr. Le Bel has held board positions in numerous junior exploration and mining companies since 2007. He is currently appointed to the board of Pembridge Resources (PERE:LSE), a mining company which recently restarted the Minto copper-gold-silver mine in the Yukon, Canada. Mr. Le Bel holds an MBA Finance from Ecole des Hautes Etudes Commerciales (Montreal), a Master Applied Sciences, Mining Engineering from University of British Columbia and a B.Sc. Mining Engineering from Universite Laval. He is a professional engineer (O.I.Q.).
Richard R. Faucher:
Mr. Richard R. Faucher has over 40 years of experience in the mining and metallurgical fields and he has occupied various executive positions for the Noranda-Falconbridge group, as General Manager of Gaspe Copper Mines, Vice-President of Brunswick Mining & Smelting and President of Falconbridge Dominicana in the Dominican Republic. After leaving Noranda, Mr. Faucher acted as President & COO of Princeton Mining Corp. and was instrumental in raising funds for the development and construction of the Huckleberry mine project, a 20,000 tpd operation completed in 1997. In 2008, Mr. Faucher left his position as President & CEO of Canadian Royalties. He is currently appointed as Vice-Chairman of the board of Robex Resources (RBX.V), where they led the company to the restart of the Nampala gold mine in Mali, and is appointed to the board of Global Atomic (GLO.T), a uranium and zinc development and production company in Niger and Turkey. Mr. Faucher has graduated in Metallurgical engineering from Laval University (cum laude 1971) and a certified member of the Institute of Corporate Directors (ICD).
About Kintavar Exploration & the Mitchi Property
Kintavar Exploration is a Canadian mineral exploration Corporation engaged in the acquisition, assessment, exploration and development of gold and base metal mineral properties. Its flagship project is the Mitchi property (approx. 30,000 hectares, 100% owned) located west of the Mitchinamecus reservoir, 100 km north of the town of Mont-Laurier. The property covers an area of more than 300 km2 accessible by a network of logging and gravel roads with a hydro-electric power substation located 14 km to the east. The property is located in the north-western portion of the central metasedimentary belt of the Grenville geological province. Many gold, copper, silver and/or manganese mineralized showings have been identified to date, with many characteristics suggesting of a sediment-hosted stratiform copper type mineralization (SSC) in the Eastern portion of the property and Iron Oxide Copper Gold (IOCG) and skarn type mineralization in the Western portion. Osisko holds a 2% NSR on 27 claims of the southern portion of the Mitchi property, outside of the sedimentary basin. Kintavar is present in the gold greenstones of Quebec and is advancing the Anik Gold Project in a partnership with IAMGOLD.
For further information contact:
Kiril Mugerman, President and CEO
Phone : +1 450 641 5119 #5653
Email : kmugerman@kintavar.com
Web: www.kintavar.com
Forward looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that may constitute “forward-looking information” or “forward looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of the Corporation, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including additional closings of the private placement referred to above, or if any of them do so, what benefits the Corporation will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s management’s discussion and analysis for the fiscal year ended December 31, 2019, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. The Corporation does not intend, nor does the Corporation undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
