| Company Website http://www.kootenaygold.ca/s/Home.asp |
- Create shareholder value through discovery and acquisition of mineral resources
- Generate exploration targets that demonstrate potential to evolve into large scale discoveries
- Establish joint venture partnerships on high risk, high reward properties
- Listed on TSX Venture Exchange Tier 1 (KTN.V)
- Share Structure Current as of October 25, 2012
| ||55,488,850 |
| ||11,510,100 |
| ||3,079,750 |
- Cash on hand at March 31, 2012:
Promontorio (Sonora, Mexico)
PROMONTORIO SILVER PROJECT, Sonora, Mexico
SETTING THE STAGE FOR ADVANCED EXPLORATION AND DEVELOPMENT
ACQUISITION OF RICH PROMONTORIO SILVER PROJECT
For Kootenay, the milestone acquisition of the Promontorio Silver project represents the culmination of over 2 years of intense negotiating with former property holders and the Mexican Ministry of Mines. Cash and equity commitments exceeding $2million secured the right to a 100% registered and beneficial interest in the highly sought after Promontorio project, which consists of contiguous claims covering a total area of approximately 79,000 hectares.
RESOURCE CALCULATION - released August 18th,2010
The estimate comprises Indicated Mineral Resources of 5.22 million tonnes averaging 52.7 g/t silver, 0.86% lead and 0.96% zinc, containing 8.9 million oz Silver, 99.3 million pounds of lead and 110.8 million pounds of zinc. AGP also estimated that Promontorio contains 0.65 million tonnes averaging 55.7 g/t silver, 0.94% lead and 1.00% zinc in the Inferred category, containing 1.17 million oz Silver, 13.4 million pounds of lead and 14.3 million pounds of zinc.
The initial resource calculation for Promontorio's Pit Discovery Zone was prepared by AGP Mining Consultants (AGP). This independent study has provided us with a quantification of the Pit Zone and helped identify areas where the zone can be expanded through the next phase of drilling.
A Multi-Phase drill program is now planned to expand the Pit Zone resource and test a 700 meter mineralized corridor trending to the North East.
DRILLING ENCOUNTERS WIDESPREAD MINERALIZATION
Kootenay has completed several exploration programs, consisting of; an airborne geophysical survey, ground geophysics, geological mapping, till sampling, prospecting along cut grid lines, 3D IP Survey and more than 25,000 meters of detailed drilling.
Drilling encounted wide to moderate intervals of high-grade silver-gold polymetallic breccias in a porphyry breccia setting. Results received to date report 91 holes, 20 of which intersected significant precious and base metal mineralization starting from surface and extending to depth. Highlights included 18.4 meters grading 950 g/t and 151 meters grading 162 g/t silver-equivalent. Dimensions of the Discovery Zone tested to date are approximately 200 meters by 300 meters in plan by 440 meters vertically. Mineralization remains open to the West, North, East and to depth.
NEXT PHASE OF DRILLING
Follow-up program plans will reflect results from both the resource calculation and the assessment of look-alike anomalous zones. The possibilities include: another phase of drilling to increase the resource size; a phase of drilling testing look-alike targets for new mineralized zones, find a partner to advance to feasibility or some combination. We stress until the current work is done and we are not committed to any specific option and some new ones could arise.
Promontorio NI-43-101 Resource Calculation - Sept 28, 2010
SURFACE SAMPLING RESULTS
The most recent phase of exploration investigated 10 anomalies/ target areas. Kootenay released Gold/Silver assays results from just three of the 30+ High-Priority EM Targets undergoing exploration at Promontorio on July 21,2010.
• Gold 8.06 g/t; 3.40 g/t; 2.27 g/t; 2.08 g/t
• Copper 10.95%; 12.8%; 3.5%
• Gold 8.80 g/t; 3.2 g/t; 3.0 g/t; 2.53 g/t
• Copper 11.2%; 3.4%; 1.1%
• Silver 895 g/t
• Copper 8.0%
3D IP GEOPHYSICAL SURVEY
The mineralized zone tested to date covers approximately 10% of the 3D IP Geophysical target which comprises a large "L" shaped area of chargeability, with one "arm" measuring 1.6 km and the other 900 meters, and with widths ranging from 250 to 600 meters.
Continuous high IP chargeability between the mineralized Pit Zone and the Northeast Zone underlines the projects large-scale potential. Moreover, multiple untested priority drill targets suggest strong potential for a host of new discoveries within the property.
06-29-2011 PROMONTORIO - Kootenay Announces Three Diamond Drill Rigs Now Operating on Promontorio http://www.kootenaygold.ca/s/NewsReleases.asp?ReportID=464743&_Type=News-Releases&_Title=htmlFONT-COLORFF6600bPROMONTORIO-bfonthtmlKootenay-Announces-Three-Diamond-... June 27, 2011 JOINT VENTURE - Fjordland Planning Three Drilling Programs on Kootenay's Properties in the Kimberley Gold and Iron Range Trends, Southeastern BC http://www.kootenaygold.ca/s/NewsReleases.asp?ReportID=464223&_Type=News-Releases&_Title=htmlFONT-COLOR0066CCbJOINT-VENTURE-bfonthtmlFjordland-Planning-Three-Drilli... June 15, 2011 PROMONTORIO - Kootenay Announces Two Drill Rigs Operating on Promontorio, Third Diamond Drill Rig Has Been Mobilized and is Expected to Commence Drilling in Two Weeks http://www.kootenaygold.ca/s/NewsReleases.asp?ReportID=462444&_Type=News-Releases&_Title=htmlFONT-COLORFF6600bPROMONTORIO-bfonthtmlKootenay-Announces-Two-Drill-Rigs... June 14, 2011 JOINT VENTURE - Further Update on Santa Lucia Exploration http://www.kootenaygold.ca/s/NewsReleases.asp?ReportID=462268&_Type=News-Releases&_Title=htmlFONT-COLOR0066CCbJOINT-VENTURE-bfonthtml-Further-Update-on-Santa-Lucia-... May 31, 2011 PROMONTORIO - Kootenay Drills 146 gpt Silver eqv over 234m as 10,000 M Drill Program Concluded; Major 25,000 Meter Multi-Phase In-Fill Drilling and Resource Definition Program to Commence at Promontorio http://www.kootenaygold.ca/s/NewsReleases.asp?ReportID=459865&_Type=News-Releases&_Title=htmlFONT-COLORFF6600bPROMONTORIO-bfonthtmlKootenay-Drills-146-gpt-Silver-eq...
|Jun 15, 2012 || ||Kootenay and Pinecrest Announce Drill Results from the Espiritu Polymetallic Vein/Breccia Property, Sonora, Mexico |
Vancouver, Canada - Kootenay Silver Inc. (TSX VENTURE: KTN.V) ("Kootenay" or the "Company") and Pinecrest Resources Ltd. ( TSX VENTURE : PCR.V) ("Pinecrest") report initial Phase 1 drill r...
|May 17, 2012 || ||PROMONTORIO - Kootenay Announces Updated NI 43-101 Resource Calculation Underway on Promontorio. Current Scoping Studies to Fast-Track Development |
Vancouver, Canada - Kootenay Silver Inc. (TSX VENTURE: KTN.V) is pleased to provide a summary update with respect to its ongoing development activities at its flagship Promontorio Silver Projec...
|May 02, 2012 || ||JOINT VENTURE - JOINT VENTURE - SANTA LUCIA DRILLING UPDATE Copper Creek Drills 22.30 Meters of 1.18 gpt Gold Eqv* at Santa Lucia Project (*Includes .392gpt Gold and 39.6 gpt Silver) |
|Apr 25, 2012 || ||PROMONTORIO - Kootenay Hits 18 Meters of 254 gpt Silver Eqv Within 89 Meters of 84 gpt Silver Eqv (Includes 120 gpt Silver and 3.1% Pb +Zn) |
|Mar 02, 2012 || ||KOOTENAY SILVER INC. EARLY WARRANT EXERCISE INCENTIVE PROGRAM |
Vancouver, B.C. - Kootenay Silver Inc. TSX.V: KTN ("Kootenay") announces the completion of the warrant exercise incentive program (the "Program"). A total of 2,860,000 outstanding unlisted war...
|Feb 21, 2012 || ||Kootenay Announces Name Change to Kootenay Silver Inc. |
|Feb 06, 2012 || ||Kootenay Announces Name Change to Kootenay Silver Inc. As High-grade Silver Results Signal New Era at Promontorio |
|Feb 01, 2012 || ||PROMONTORIO - High-Grade Results Reported. Includes 873 gpt Silver Eqv Over 17 Meters (471 gpt Ag, 9.42% Pb+Zn) |
|Jan 23, 2012 || ||KOOTENAY GOLD INC. EARLY WARRANT EXERCISE INCENTIVE PROGRAM |
|Jan 17, 2012 || ||PROMONTORIO - Kootenay Hits 706 gpt Silver Eqv Over 16 Meters (370 gpt Ag, 7.79% Pb+Zn) as Promontorio Drilling Continues to Encounter High Grade Intercepts of Silver in Top Priority SW and NE Zones |
|Dec 12, 2011 || ||Kootenay Announces Mr. Jon Morda Appointed to Board of Directors |
Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce the appointment of Mr. Jon Morda, CA to the Company's Board of Directors. Mr. Morda brings Kootenay over 20 years of experience in the mi...
|Dec 06, 2011 || ||PROMONTORIO - Kootenay Reports Multiple Intercepts of High Grade Silver Over Widespread Zones of Silver Mineralization |
|Nov 16, 2011 || ||Kootenay Gold Inc. Amends Warrant Expiry Date |
Vancouver, B.C. - Kootenay Gold Inc. (TSX VENTURE: KTN.V) ("Kootenay") announces that it has, subject to regulatory approval, amended the expiry dates of an aggregate total of 5,574,000 unexercised sh...
|Nov 09, 2011 || ||PROMONTORIO - Drilling Hits 83 meters of 166 gpt Silver Equivalent (58.2 Ag gpt, 2.52% Pb +Zn) Including 329 gpt Silver Equivalent Over 6 Meters (111 gpt Ag, 5.11% Pb +Zn) in Step Out Drilling Extending... |
100 Meters Down Dip And Along Strike in Southwest Zone
|Oct 03, 2011 || ||PROMONTORIO - Intercepts 47 Meters of 214.2 gpt Silver Eqv (84.47 gpt Ag, 3.04% Pb+Zn) and 54 meters of 197 gpt Silver Eqv (91.98 gpt Ag, 2.47% Pb+Zn) in NE Zone, 700 Meters from Current 43-101 Resource |
|Sep 29, 2011 || ||PROMONTORIO - Kootenay Initiates Geotechnical, Hydrogeologic, Environmental Baseline and Metallurgical Studies to Accelerate Development of Promontorio Silver Project |
|Sep 15, 2011 || ||PROMONTORIO - Step Out Drilling on Promontorio Intercepts 92 m of 147 gpt Silver Eqv (56 gpt Ag,2.11% Pb+Zn) Extending the SW Zone 100 M Down Dip. Includes 5 M of 378 gpt Silver Eqv (174 gpt Ag,4.72% Pb+Zn) |
|Aug 23, 2011 || ||PROMONTORIO - Drilling Success Continues at Promontorio as Kootenay Hits 205 meters of 117 gpt Silver Equivalent in Step-Out Drilling in Southwest Zone that includes 169 gpt Silver Equivalent over 50 meters. |
Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from the first seven holes of its ongoing 25,000 meter multi-phase drilling program on its Promontorio Silver pro...
|Apr 04, 2011 || ||PROMONTORIO - Kootenay Drills 237 gpt Silver eqv over 51m, Including 526.2 gpt Silver eqv over 18 m; Step Out Holes Return Multiple High Grade Silver Intercepts Across a 1 Kilometer Corridor |
Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from an additional 10 drill holes as part of a 10,000 meter, ongoing, multi-phase drilling program on its Promontori...
|Mar 24, 2011 || ||Kootenay Announces Dick Whittington Appointed to Board of Directors |
Kootenay Gold Inc. (TSX.V: KTN) is pleased to announce effective immediately, Mr. Dick Whittington, P.Eng. has been appointed to the Company's Board Of Directors. Mr. Whittington is a professio...
|Mar 02, 2011 || ||JOINT VENTURE - Drilling on Copley Project Identifies Large Gold Bearing Structures:Distinct Geological Similarities & Presence of Magnetic Lows Point to Potential Blackwater Style Bulk-Tonnage Discovery |
Kootenay Gold (KTN-TSX.V) and Northern Vertex (NEE-TSX.V) are pleased to announce drill results from an 1100 meter drill program on its Copley Gold property in British Columbia's Nechako Platea...
|Feb 28, 2011 || ||JOINT VENTURE - Kootenay's Expanding Generative Program Reaches Milestone as Prospective Copper/Gold/Silver Concessions Optioned to Pinecrest Resources |
Kootenay Gold Inc. (TSX.V: KTN) ("Kootenay") is pleased to announce that it has entered into an Option Agreement with Pinecrest Resources Ltd. (TSX.V: PCR.P) ("Pinecrest") whereby Kooten...
|Feb 17, 2011 || ||JOINT VENTURE - Kootenay Options Prospective Gold/Silver Concessions to First Mexican Gold and International Millennium Mining |
Kootenay Gold Inc. (TSX.V: KTN) is pleased to announce that it has entered into an Option Agreement with First Mexican Gold Corp (TSX.V: FMG) and International Millennium Mining whereby...
|Feb 03, 2011 || ||PROMONTORIO - KTN Reports Assay Results From 15 Holes on Promontorio; Drilling Returns Consistent Silver Grades & Widespread Silver Mineralization Extending From 43-101 Pit Discovery Zone (Silver Resource) |
Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce assay results from an additional 15 drill holes as part of a 10,000 meter, ongoing, multi-phase drilling program on its Promontori...
|Feb 02, 2011 || ||JOINT VENTURE - Kootenay Options Four Properties to SG Spirit Gold; The Drill-Ready Prospects are Located in the Kootenay Region of Southeastern British Columbia |
Vancouver, British Columbia -- Kootenay Gold Inc. (TSX.V: KTN) ("Kootenay") has entered into an Option Agreement with SG Spirit Gold Inc. (TSX.V: SG) ("Spirit Gold" or the "Company"), w...
|Jan 06, 2011 || ||JOINT VENTURE - Kootenay and Copper Creek To Commence Work On Santa Lucia Property |
Vancouver, Canada- Kootenay Gold Inc. (TSX VENTURE: KTN.V) ("Kootenay") and Copper Creek Gold Corp. ("Copper Creek"; TSX VENTURE: CPV.V) are pleased to an...