Kootenay Zinc suspends E3 drilling at Sully
Kootenay Zinc Corp (C:ZNK)
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Last Close 7/20/2017 $0.09
Friday July 21 2017 - News Release
Mr. David Schmidt reports
SULLY PROJECT - E3 TARGET DRILLING UPDATE
Kootenay Zinc Corp.'s Sully project team has recently made two attempts to drill the E3 target from a location on the steep slope above and east of the target -- both holes experienced bad drilling conditions. Drilling was suspended before testing the zone to minimize the potential loss of equipment and to minimize costs. An alternative drill site has recently been identified and selected. It is near the valley bottom and provides an opportunity to drill E3 toward the east, roughly perpendicular to bedding and where surface outcrops indicate ground conditions will likely be more favorable.
Considerable infill gravity surveying has been done near the E3 anomaly. That work shows the anomaly appears to consist of several separate causes that mass modeling indicates have strike and depth dimensions of approximately 100 to 200 meters. Drilling should determine if these represent fault segments of a once continuous massive deposit. As described previously, drill testing will establish a 'proof of concept' and validity of the gravity geophysics technique in this area where work to date indicates several similar masses are likely present at each of E2, E4 and the West Target.
Results have been received from 88 soil samples collected on contour lines that cover the area from about the mid-point of the E3 and north through E4 gravity anomalies. This brings the total number of soil samples analyzed in 2017 to 120. Since the 1980s 873 soil samples have been analyzed for lead and zinc either by atomic absorption or, since 2000, by ion coupled plasma techniques. Several samples anomalous (mean plus two standard deviations of the 873 samples) in zinc are located along the trend or downslope of outlines of the 3 km-residual gravity anomalies E3 and E4. Other soil anomaly clusters up slope have not been covered by gravity surveying.
Newly mapped outcrops on the slope above and below (east and west) of the E3 area confirm structural trends previously documented. However, outcrops north and south of the E3 gravity anomaly area along the road used to access the E15/16 drill site are cut by numerous faults at differing orientations that are probably part of a narrow north trending zone that contributed to the drilling difficulties encountered.
Forest fire hazard conditions in the East Kootenays are now high, like that seen in other parts of the province and are not predicted to change in the next 30 days. Industrial activities (including the use of excavators and drills) are now restricted and will likely be banned by a closure order in the coming days. The drill was removed from the property and will be brought back when available and when forest fire risk is substantially lowered.
About Kootenay Zinc Corp.
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative ("SEDEX") deposits.
The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tons of ore, including approximately three hundred million ounces of silver, eight million tons of zinc and eight million tons of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property.
The scientific and technical information contained in this news release has been reviewed and approved by the Company's Project Manager, Paul Ransom, P.Geo., a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
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