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KOOTENAY SILVER IDENTIFIES SIGNIFICANT NEW SILVER TARGET AT LA NAVIDAD ZONE, ON LA CIGARRA SILVER PROJECT, MEXICO
July 20, 2017
Kootenay Silver Inc. (TSXV: KTN, OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that recent detailed sampling and ground reconnaissance work completed by Kootenay has identified a well-defined silver bearing drill target within the La Navidad Zone on its La Cigarra silver project (the "Property") located in Chihuahua State Mexico.
Kootenay Silver President & CEO Jim McDonald states, "The geology of the newly identified silver bearing target contained within the La Navidad Zone bears striking similarities to the San Gregorio Zone to the west, which hosts a large portion of La Cigarra’s contained NI 43-101 silver resource. Recent field results have made this region of the property a top priority for future drill testing, as its location and geological features offer considerable exploration upside to the potential that already exists within the main La Cigarra mineralized system"
The La Navidad Zone is situated approximately 500 meters to the east and parallel to the San Gregorio Zone, which currently contains approximately 60% of La Cigarra’s NI 43-101 Mineral Resource Estimate of 51.47 million ounces of silver in the Measured & Indicated categories (18,540,000 tonnes) grading 86.3 gpt silver and 11.46 million ounces of silver in the Inferred category (4,450,000 tonnes) grading 80 gpt silver. Click link to view: La Cigarra Resource Estimate. http://tinyurl.com/y9rcxdzg
Rock and soil sampling programs completed on the La Navidad Zone have defined a new mineralized area measuring up to 1,000 meters long by 300 meters wide; similar in size and as anomalous in silver values as those previously found at the San Gregorio Zone. Highlights of recent sampling completed by the Company at the La Navidad Zone include eight samples, one meter length, returning silver values ranging between 13 gpt to 183 gpt. Click link to view: Location, Sampling and Geological Setting Maps of La Navidad Zone on the La Cigarra Property. http://tinyurl.com/y87ggstn
The La Navidad Zone is one of eight prospective targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver resources to the project. Kootenay is currently conducting further studies at La Cigarra to define and prioritize targets for possible future drilling.
La Cigarra Drilling Update
In addition to the ongoing La Cigarra exploration program, as previously announced on May 15, 2017 Kootenay is also carrying out a 7,500 meter core drilling program to focus on the expansion of the La Cigarra NI 43-101 mineral resource between the Las Venadas and Las Carolinas Zones. This includes the southern boundary of Las Carolinas, where previous drilling in 2014, conducted by Northair Silver Corp. encountered widespread mineralization and a series of high-grade silver intercepts. To date, Kootenay has completed approximately 2,234 meters over 9 drill holes. Drill results will be ongoing and announced as assays are received and interpreted by the Company. Drilling will operate concurrently with ongoing geological mapping and sampling programs to prioritize peripheral target areas.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
KOOTENAY SILVER REPORTS THAT PAN AMERICAN SILVER COMMENCES DRILLING AT LA NEGRA PROJECT, MEXICO
July 11, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that Pan American Silver Corp. (“Pan American”) has informed Kootenay that a drill program has commenced on the Company’s La Negra high grade silver discovery contained within the Promontorio Mineral Belt Project located in Sonora State, Mexico.
The program, operated by Pan American, will total approximately 4,055 meters of core drilling over 25 holes. Drilling will focus on brownfield targets and consist of primarily infill drilling as well as step out holes to depth.
The drill program is part of an earn-in option agreement between Kootenay and Pan American that provides Kootenay with a series of work and cash commitments and a carried to production interest on La Negra. Click to view Details of La Negra Option Agreement with Pan American. http://tinyurl.com/yajq3sav
About the La Negra High Grade Silver Discovery
The La Negra discovery is a hydrothermal-diatreme breccia exposed over a 150 x 500 meter area contained within the Promontorio Mineral Belt Project, approximately seven (7) kilometres north of the Promontorio silver deposit in Sonora State, Mexico.
Since the initial discovery in 2014, Kootenay has completed a total of 6,200 meters of drilling over 41 core holes. Results have confirmed significant intervals of high grade, widespread silver mineralization extending from surface to depth of 300 meters. Highlights from these drill programs include hole LN- 21 reporting 200 metres of 156 g/t silver with the bottom 50 metres grading 420 g/t silver including 6 metres of 1,337 g/t silver.
Pan American began managing the La Negra exploration program in April 2016. Drilling conducted by Pan American confirmed high-grade results previously reported by Kootenay as well as the presence of a second breccia zone further to the south, which currently remains open at depth. To date, Pan American has completed a total of 6,800 meters of drilling over 29 core holes. Click to view Comprehensive Drill Results Completed on the La Negra Discovery. http://tinyurl.com/ycueem3x
Sampling and QA/QC
Samples were assayed by Inspectorate of Hermosillo, Mexico, using four acid digestion 35 element ICP analytical methods with fire assay for Au and Ag with atomic absorption finish and gravimetric finish, respectively. Pan American has followed a Quality Assurance/Quality Control program comprised of the insertion of blank material and certified standard samples at a frequency of one each for every 20 samples. There is no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to in the table. Holes are drilled with a diamond core drill rig.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-silver-reports-that-pan-american-silver-commences-drilling-at-la-negra-project-mexico
Kootenay Silver announces new prospecting discovery and earn-in partner; adds to generative portfolio
VANCOUVER , June 20, 2017 /CNW/ - Kootenay Silver Inc. (KTN.V; KOOYF) (the "Company" or "Kootenay") is pleased to announce that the Company is exercising its right under a Grub Stake Agreement (the "Grub Stake Agreement") with the Kennedy Group to acquire a 100% interest in the Mark Project located in southeast B.C. (the "Acquisition"). The Mark Project is comprised of 17 mineral tenures totaling approximately 14,093 hectares. Pursuant to the terms of the Grub Stake Agreement, in order to complete the Acquisition, the Company must issue 100,000 common shares to the Kennedy Group upon receipt of TSX Venture Exchange ("TSXV") approval. Following completion of the Acquisition, the Kennedy Group will retain an underlying 1% net smelter returns royalty, which can be purchased by the Company, in whole or in part, for $1,000,000 per each one-half percent (0.5%).
In conjunction with exercising the option to acquire the Mark Project, the Company is pleased to announce that it has entered into an earn-in agreement (the "Earn-in Agreement") with a wholly-owned subsidiary of Antofagasta plc. ("Antofagasta") whereby Antofagasta can, over a 4 year term, earn a 65% interest in the Mark Project by expending or incurring US$3 million (the "Earn-in Expenditures") in respect of the Mark Project (the "Earn-in Option"). Upon exercise of the Earn-in Option, a joint venture will form between the Company and Antofagasta , with industry-standard future funding and dilution terms. The exploration budget for year one under the Earn-in Agreement is anticipated to be US$150,000 . Antofagasta has the right to accelerate payment of the Earn-in Expenditures.
Kootenay President and CEO James McDonald states , "This is an exciting new prospecting discovery in a belt of rocks that host some of the largest silver-copper deposits in North America . The similarity to the mineralization and geology at Mark to the deposits in Montana indicates excellent potential for the discovery of the first silver-copper deposit in the Canadian part of the basin. We are very much looking forward to advancing this project to drill stage and are pleased to have such a strong industry partner in Antofagasta providing financial and technical support."
The Mark Project is hosted in the same geologic formation that contains the large sediment hosted silver-copper deposits in Montana , where deposits such as Rock Creek and Montanore each contain in excess of 200 million ounces of silver and 1.5 billion pounds of copper with grades of 1.6 to 2.0 ounces per ton ("opt") silver and 0.72% to 0.74% copper within tonnages of 136 and 116 million tons, respectively. This geologic formation is called the Creston in Canada and the Revett in Montana, USA .
Thus far, silver and copper mineralization at the Mark Project has been found variably along an approximate 9 km strike length within quartzite's of the upper portion of the Revett equivalent Middle Creston Formation. Copper mineralization is visible as clots, disseminations, fractures fills, and also within quartz-carbonate-chlorite veins that cut the favourable quartzite package. Silver, which is not readily visible, occurs along with the copper. Mineral zoning, an important feature of the Revett hosted deposits in Montana , is evident at the Mark Project where core areas of bornite and chalcocite mineralization are flanked outboard by chalcopyrite, galena, and pyrite.
Limited rock sampling (28 samples) from 2016 returned elevated copper values up to 0.2% copper and up to 40 grams per tonne (about 1.3 opt) silver, with eight of the samples returning values greater than 500 ppm copper and 18 samples returning values above 100 ppm copper. Silver assays range from background to 40 grams per tonne (about 1.3 opt). Assays from 2017 work are not yet available but prospecting confirms the system is extensive and holds good discovery potential leading to the decision to acquire the project through the Grubstake agreement.
This is a greenfields, early stage, surface prospecting discovery and project and as such there is no assurance a drill target or targets will be generated or a drill discovery will be made.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald , P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada . Supported by one of the largest portfolios of silver assets in Mexico , Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora , State and Chihuahua, State, Mexico , respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://finance.yahoo.com/news/kootenay-silver-announces-prospecting-discovery-130000379.html
Kootenay Silver Drills New Target Proximal to Existing Mineral Resource
VANCOUVER , May 31, 2017 /CNW/ - Kootenay Silver Inc. (KTN.V; KOOYF) (the "Company" or "Kootenay") is pleased to announce that it has completed the first three drill holes of the previously announced 7,500-meter core drill program being carried out at its 100% owned La Cigarra silver project located in Chihuahua State, Mexico .
Drilling continues with the forth drill hole of the program underway on the eastern portion of the Las Venadas Zone, where an extensive new area of silver mineralization has been recently discovered by Kootenay's technical team through an ongoing geological mapping and sampling program. This new mineralized area within the Las Venadas Zone measures 400 x 200 meters and is open to the north towards the Las Carolinas Zone and to the south.
The new mineralized area is believed to be the southeasterly continuation of the San Gregorio - Las Carolinas silver mineralized trend that hosts La Cigarra's established NI 43-101 silver resource. Detailed exploration within the southeast area of Las Venadas was initiated after sampling by Kootenay returned values of 190, 323 and 582 gpt silver over the prospective area from surface grab samples. The zone is open to the southeast as some of the strongest mineralization becomes covered by tertiary rhyolites where prospecting values of 139, 195, 179, 133, 56 and 53 gpt silver were obtained from grab samples. Of the 168 samples taken during the program results ranged from a high of 582 gpt to less than 1 gpt silver, 42 samples reported grades exceeding 20 gpt silver with many samples returning high values of lead. Click to view Table highlighting silver values greater than 20 gpt ( http://tinyurl.com/y8kdpdgw ). Click to view Map of Las Venadas sampling ( http://tinyurl.com/yc39nr8d ).
Kootenay President and CEO James McDonald states, "We are very pleased to commence drilling on the newly discovered eastern portion of the Las Venadas Zone. The new zone is contained within a strikingly similar geological setting to the Las Carolinas , San Gregorio and La Borracha Zones of silver mineralization situated to the north. All indications from ground exploration and sampling to date make this region of the property a top priority as we continue to ramp up our drill and resource expansion program at La Cigarra."
The newly discovered Las Venadas mineralization is hosted within a northwesterly trending, arcuate structure marked by a magnetic low associated with silver mineralization to the north hosted in the Las Carolinas , San Gregorio and La Borracha Zones. This magnetic anomaly and associated silver mineralization can be traced for over 5 kilometers and remains open at both ends.
The original Las Venadas mineralization represents the northern sector of a prominent north-trending structure: the Las Venadas-Soledad-Las Chinas trend, previously drill-tested by Kootenay. The new Las Venadas silver mineralization sits on trend southwest of the La Cigarra silver resource and to the immediate east of the Las Venadas-Soledad-Las Chinas trend.
Mineralization within the new area is similar to the La Cigarra established resource and is hosted in veins, stockworks and breccia's proximal to the contact of an underlying sandstone facies with an argillite/siltstone/thin bedded limestone facies. Drilling commenced on the Las Venadas Zone on May 20, 2017. Results will be announced as assays are received and interpreted by the Company.
Kootenay continues to evaluate the numerous silver anomalies on the La Cigarra silver project with the objective of outlining further prospective drill targets.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald , P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada . Supported by one of the largest portfolios of silver assets in Mexico , Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora , State and Chihuahua, State, Mexico , respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://finance.yahoo.com/news/kootenay-silver-drills-target-proximal-130000841.html
KOOTENAY SILVER COMMENCES 7,500 METER DRILL PROGRAM AT LA CIGARRA SILVER PROJECT, MEXICO
May 15, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that a core drill program (the “Program”) is underway at its 100% owned La Cigarra silver project, located in the Parral Mining District of Chihuahua State, Mexico.
The Program will total approximately 7,500 meters and will focus on the expansion of the La Cigarra NI 43-101 mineral resource by first targeting an 800-meter region between the Las Venadas and Las Carolinas zones. This includes the southern boundary of Las Carolinas, where previous drilling conducted by Northair Silver Corp. in 2014 encountered widespread mineralization and a series of high-grade silver intercepts. (See Northair News Release dated Dec 15, 2014). The focal region is characterized by significant soil and rock geochemical anomalies as well as historic mine workings that can be traced northward from Las Venadas on trend towards the southern boundary of the La Cigarra silver deposit (Click to view Las Venadas drilling area map). http://www.kootenaysilver.com/assets/img/nr/2017-12_Las_Venadas_Drill_Area_Map.pdf
States Kootenay President and CEO James McDonald “We are very pleased to initiate our next drill and resource expansion program at La Cigarra. We believe that results from past drilling in this priority region of the property, combined with supporting data from recent exploration, clearly underscores La Cigarra’s immense potential for further resource expansion in 2017 and we look forward to exploiting that opportunity.”
Drilling will operate concurrently with ongoing geological mapping and sampling programs to prioritize peripheral target areas, for drill testing later in the year. Results from the Program will be ongoing and announced as assays are received and interpreted by the Company.
La Cigarra NI 43-101 Resource:
* Measured and Indicated mineral resources of 51,470,000 ounces of silver within 18,540,000 tonnes at an average grade of 86.3 gpt silver;
* Inferred mineral resource of 11,460,000 ounces silver within 4,450,000 tonnes at an average grade of 80 gpt silver;
* Higher than average grade zones outcrop, which could improve the assumed project economics in the early years;
* Significant by-products include 41,000 ounces of gold in the measured and indicated categories as well as appreciable lead and zinc values, as provided in mineral resource estimate tables noted below.
A summary of the mineral resource estimate contained in the resource shell is listed below, as calculated by GeoVector Management Inc., Effective Date January 14, 2015 and filed on SEDAR, at a 35 gpt silver cut-off grade and metallurgical recoveries of 84% silver:
Click on link below to view the mineral resource estimate tables.
Note:* Mineral resources are reported in relation to a conceptual pit shell at a 35 gpt silver cut-off grade and a $22/oz silver price. Mineral resources that are not mineral reserves do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add up due to rounding.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-silver-commences-7500-meter-drill-program-at-la-cigarra-silver-project-mexico
KOOTENAY SILVER ANNOUNCES DRILL PROGRAM TO TARGET RESOURCE EXPANSION AT LA CIGARRA SILVER PROJECT, MEXICO
April 19, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce that amended permits are in place and preparations for the previously announced 7,500-meter drill program (the “Program”) are underway at its 100% owned La Cigarra silver project, located in Chihuahua State, Mexico. Drilling will commence in approximately two weeks and operate concurrently with ongoing geological mapping and sampling programs on peripheral target areas, which will be drill tested later in the year. The program is designed to expand on the reported Measured and Indicated silver resource, which currently stands at 18.5 million tonnes grading 86.3 gpt containing 51.5 million ounces and an Inferred silver resource of 4.45 million tonnes grading 80.0 gpt containing 11.4 million ounces (see Northair News Release dated January 14, 2015 or SEDAR for information on the NI 43-101 technical report).
The Program will focus on the expansion of the La Cigarra mineral resource by first targeting an 800-meter gap between the Las Venadas Zone and the south end of the resource (Las Carolinas Zone). This includes the southern boundary of Las Carolinas where hole 155 returned 23.45 meters of 138.3 gpt silver. (See Northair News Release dated Dec 15, 2014). Drilling will begin the Las Venadas Zone, where significant soil and rock geochemical anomalies and historic mine workings occur and work northward on trend towards the Las Carolinas Zone.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-announces-drill-program-to-target-resource-expansion-at-la-cigarra-silver-project-mexico
KOOTENAY SILVER ANNOUNCES CONTINUED HIGH-GRADE RESULTS FROM 2016 DRILL PROGRAM ON LA NEGRA OPERATED BY PAN AMERICAN SILVER.
RESULTS INCLUDE 529 GPT SILVER OVER 7.5 METERS WITHIN 194 GPT SILVER OVER 40.8 METERS
April 3, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce drilling has returned more high-grade silver intercepts from the remaining 6 holes of the 2016 drill program conducted and operated by Pan American Silver Corp. (“Pan American Silver”) on its La Negra silver discovery within the Promontorio project located in Sonora, Mexico. The definition drill program on La Negra is part of an option agreement between Kootenay and Pan American Silver that provides Kootenay with a series of work and cash commitments and a carried to production interest on Promontorio. Of the 6 drill holes reported in this release four were drilled into the La Negra Breccia with 2 into a target south of the breccia. Pan American Silver is scheduled to recommence drilling in late June-early July 2017.
Kootenay President and CEO James McDonald states, “We are very pleased with results from the final holes of our 2016 drilling program on La Negra with Pan American Silver. The consistent confirmation of multiple zones of high-grade silver mineralization within a 600-meter strike length of the breccia, remaining open at depth, supports further work on the Promontorio/La Negra project. Upcoming exploration and drilling by Pan American Silver will focus on defining the potential size of the magmatic hydrothermal silver-lead breccia and testing additional targets.”
Drill highlights include:
* LN-67-16 returning 121 gpt silver over 47.1 meters including 582 gpt silver over 2.55 meters
* LN-68-16 returning 194 gpt silver over 40.85 meters including 529 gpt silver over 7.5 meters and 90 gpt silver over 10.65 meters including 137 gpt silver over 5.55 meters
* LN-69-16 returning 98 gpt silver over 59.25 meters including 378 gpt silver over 3.65 meters
Click to view Drill plan and cross sections ( http://tinyurl.com/myb8hz2 )
A summary of the infill drilling within the mineralized zone is provided in the table below.
(Click on link at bottom of page to view this table)
Pan American Silver 2016 Program
Pan American Silver began managing the exploration program in April 2016 and commenced re-logging drill core, geological mapping and re-interpretation, and completed 62 km of magnetic ground surveys. Pan American Silver initiated a 3,500-meter drilling program in July 2016 with the objective of infilling the Kootenay operated La Negra drill program with coverage to 50 meter centres and testing the along-strike and down dip extents, as well as following up on geophysical and geological anomalies located elsewhere within the Promontorio concessions.
Pan American Silver reported that a series of deeper infill drill holes from the first 12 holes of the 2016 program confirmed high-grade results from previous drilling conducted by Kootenay on La Negra (See Kootenay News release October 25, 2016) as well as the presence of a second breccia zone further to the south, which currently remains open at depth. Based on the initial success Pan American Silver extended the drill program by an additional 2000 meters.
Drilling on the subsequent 13 holes of the program returned consistent high-grade silver results at depth. (See Kootenay News release February 15, 2017). The latest 4 holes mark the completion of the 2016 drill program on La Negra with an approximate total of 6800 meters of drilling and in 31 holes.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-announces-continued-high-grade-results-from-2016-drill-program-on-la-negra-operated-by-pan-american-silver-results-include-529-gpt-silver-over-75-meters-within-194-gpt-silver-over-408-meters
Kootenay Silver announces Antofagasta to proceed with 3,000 meter drill program on Silver Fox Property, British Columbia
VANCOUVER, March 22, 2017 /CNW/ - Kootenay Silver Inc. (TSXV: KTN; OTC:KOOYF) (the "Company" or "Kootenay") is pleased to announce that a wholly-owned subsidiary of Antofagasta Plc (LSE: ANTO), under an option agreement with the Company has informed Kootenay that a budget has been approved for the drilling of 5 separate targets on Kootenay's Silver Fox Property located in south eastern British Columbia. An estimated 3,000 meter drill program is scheduled to commence on the Silver Fox Property during Q3 2017.
The Silver Fox Property is comprised of over 21,000 hectares of mineral claims covering the northern extension of an established copper-silver mineralized belt originating from Montana, where the 3 principal deposits either host or produced over 522 million ounces of silver and 2.39 million tonnes of copper at grades ranging from 1.7 to 2.0 ounce per ton silver and 0.7 to 0.8 % copper. This mineralized trend is best known as the Western Montana Copper Belt where the copper-silver deposits are hosted in Proterozoic aged sediments of the Revett or Creston Formations.
The Silver Fox Property covers approximately 35 kilometres of strike length of the prospective hosting stratigraphy in Canada. Exploration and field work conducted over the past two seasons has identified five prospective areas hosting copper and silver mineralization indicative of potential copper silver deposits similar to what occurs in the same stratigraphy in Montana. The focus areas are identified as the Oke, Jake, Yahk Mountain, Gilnockie and Ward targets.
Under the terms of the joint venture agreement, Antofagasta has the option to earn up to an 80% interest in the Silver Fox Property.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For further information:
James McDonald, CEO and President at 403-880-6016;
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650,
or visit: http://www.kootenaysilver.com
http://www.newswire.ca/news-releases/kootenay-announces-antofagasta-to-proceed-with-3000-meter-drill-program-on-silver-fox-property-british-columbia-616816524.html
Kootenay Silver Reports Follow Up Metallurgical Leach Testing Underway on Bulk Samples from La Cigarra Silver Resource
VANCOUVER, March 15, 2017 /CNW/ - Kootenay Silver Inc. (TSXV:KTN.V; OTC:KOOYF - News) (the "Company" or "Kootenay") is pleased to report additional leach testing of oxide and sulfide silver mineralization (the "Phase II Program") has begun on bulk samples from the Company's La Cigarra silver deposit in Chihuahua State, Mexico, applying the proprietary SILVOX Technologies Inc. ("SILVOX") process.
The purpose of the Phase II Program is to determine if silver mineralization at La Cigarra is amenable to low cost heap leach processing using the SILVOX process, which could have a positive impact on potential capital requirements and operating costs. Previous metallurgical work was focused on silver recovery through production of a concentrate via conventional floatation. This work was very positive achieving recoveries up to 88% silver producing a high grade lead-silver concentrate that graded 34% lead and 23,000 gpt silver for every tonne of concentrate (see Northair Silver News Release dated June 29, 2015 http://tinyurl.com/mz5ly75 ).
The Phase II Program was initiated based on positive results from preliminary metallurgical testing of the oxide mineralization hosted within the La Cigarra deposit that showed a significant improvement in silver recoveries when using standard leaching with the SILVOX process, versus industry standard leaching without the SILVOX process (See Kootenay News Release dated January 2, 2017 http://tinyurl.com/mpyajgz ).
Phase II testing will involve bottle roll testing ("BR testing") on different crush sizes of ¼ and ¾ inch for oxide material and initial evaluation on ¼ inch for sulfide material, which was not previously tested. Metallurgical testing will involve applying industry standard ("standard") leach testing in addition to utilizing the SILVOX process to establish differences in recoveries and optimization.
The metallurgical test work is part of a larger comprehensive approach to the La Cigarra property aimed at maximizing the project's near and long-term economic viability through resource expansion and optimization of the existing silver deposit.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About SILVOX
Silvox Technologies Inc. is a Canadian private company providing a proprietary process ("SILVOX") to the mining industry that enhances silver recoveries by simply augmenting standard heap leach technology and conventional milling methods. The SILVOX process requires minimal capital investment and has been confirmed with certified lab testing and associated fieldwork on several deposits over the past two years. Test results show additional silver recoveries of up to 30% with potential attractive profit margins for increased recovery over processing costs. Successful introduction of SILVOX could make an economic project more robust or mean the difference between a sub-economic project and one that is economically viable.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-reports-metallurgical-leach-testing-130000877.html
KOOTENAY SILVER ANNOUNCES 2017 DRILL AND EXPLORATION PROGRAM TO COMMENCE ON LA NEGRA SILVER DISCOVERY IN SONORA, MEXICO OPERATED BY PAN AMERICAN SILVER CORP
March 2, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce plans are underway to proceed with the 2017 exploration program being conducted and operated by Pan American Silver Corp on its La Negra silver discovery in Sonora, Mexico. The program is part of an option agreement between Kootenay and Pan American that provides Kootenay with a series of work and cash commitments and a carried to production interest on La Negra.
The 2017 program will focus on defining the potential size of the La Negra magmatic hydrothermal silver-lead breccia. The current program budget is US$2.0 million and will entail approximately 6500 meters of diamond drilling, geologic mapping and reconnaissance work to define additional prospective targets proximal to La Negra within the Promontorio project. Drilling is scheduled to start late in the second quarter.
States Kootenay President and CEO James McDonald “We are very pleased to launch with the 2017 drill and exploration program on the La Negra silver discovery. We look forward to this next phase of work in particular to the drill results from the La Negra breccia that in 2016 returned multiple intercepts of high-grade silver mineralization within a 600-meter strike length of the breccia, remaining open at depth.”
Further details will be reported by Kootenay once Pan American confirm the upcoming exploration and drill program has been finalized and a drilling contractor has been engaged.
There are currently 4 additional holes to report from the 2016 Phase I program with Pan American Silver that will be reported once assay results are received and compiled by the Company.
Results from Phase I Exploration and Drilling Program on La Negra
Pan American began managing the exploration program in April 2016 and commenced re-logging drill core, geological mapping and re-interpretation, and completed 62 km of magnetic ground surveys. Pan American initiated a 3,500 m drilling program in July 2016 with the objective of infilling the La Negra drill coverage to 50-meter center’s and testing the along-strike and down dip extents as well as following up on geophysical and geological anomalies elsewhere within the exploration concessions.
Based on Pan American’s work Kootenay reported that a series of deeper infill drill holes from the first 11 holes of the current program confirmed high-grade results from previous drilling (See Kootenay News release October 25, 2016) Based on the initial success of the Phase I program, in October 2016 Pan American extended the drill program by an additional 3,300 meters.
Results from the most recent 13 holes of the Phase I drill program on La Negra support previous results and look to have defined the strike extent of mineralization with the breccia, remaining open at depth.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-announces-2017-drill-and-exploration-program-to-commence-on-la-negra-silver-discovery-in-sonora-mexico-operated-by-pan-american-silver-corp
KOOTENAY SILVER ANNOUNCES HIGH-GRADE SILVER INTERCEPTS FROM DRILL PROGRAM ON LA NEGRA OPERATED BY PAN AMERICAN SILVER CORP.
February 15, 2017
INCLUDES 534 GPT AG OVER 8.7 METERS WITHIN 237 GPT AG OVER 32 METERS
Kootenay Silver Inc. (TSXV: KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce drilling has returned a series of high-grade silver intercepts from the latest 13 holes of a multi-phase drill program being conducted and operated by Pan American Silver Corp. (“Pan American”) on its La Negra silver discovery in Sonora, Mexico. The definition drill program on La Negra is part of an earn-in option agreement between Kootenay and Pan American that provides Kootenay with a series of work and cash commitments and a carried to production interest on La Negra. All holes reported are infill and step out drilling down dip on the La Negra breccia.
Kootenay President and CEO, James McDonald states, “We are very pleased with results from the 13 holes of our current drill program on La Negra with Pan American. The confirmation of additional, multiple zones of high-grade silver mineralization within a 600 meter strike length of the breccia, remaining open at depth, further underscores the future development potential of La Negra’s contained silver resource. We are excited with the continued success at La Negra and look forward to receiving results from the remaining four holes of the program.”
Drill highlights include:
* LN-54-16 returning 77 gpt silver (“Ag”) over 30.95 meters including 341 gpt Ag over 3.75 meters
* LN-57-16 returning 149 gpt Ag over 44.15 meters including 449 gpt Ag over 9.15 meters and 1786 gpt Ag over 1.5 meters
* LN-58-16 returning 352 gpt Ag over 8.7 meters including 516 gpt Ag over 5.7 meters
* LN-59-16 returning 237 gpt Ag over 32.15 meters including 534 gpt Ag over 11.2 meters and 815 gpt Ag over 2.90 meters and 991 gpt Ag over 1.65 meters
* LN-61-16 returning 98 gpt Ag over 14.4 meters including 237 gpt Ag over 4.4 meters
* LN-65-16 returning 145 gpt Ag over 28.55 meters including 460 gpt Ag over 8.15 meters and 738 gpt Ag over 3.55 meters and 1208 gpt Ag over 0.6 meters
Click to view: drill plan and cross sections. http://tinyurl.com/z65x3vo
A summary of the infill drilling within the mineralized zone is provided in the table below:
(Click on link below to view the infill drilling table)
There are currently four additional holes remaining from the 2016 Phase I program with Pan American which will be reported once assay results are received and compiled by the Company.
Results from Phase I Exploration and First 11 holes of Drilling Program:
Pan American began managing the exploration program in April 2016 and commenced re-logging drill core, geological mapping and re-interpretation, and completed 62 kilometers of magnetic ground surveys. Pan American initiated a 3,500 meters drilling program in July 2016 with the objective of infilling the La Negra drill coverage to 50 meter centres and testing along-strike and down dip extents as well as following up on geophysical and geological anomalies found elsewhere within the exploration concessions.
Pan American reported that a series of deeper infill drill holes from the first 11 holes of the current program confirmed high-grade results from previous drilling conducted by Kootenay on La Negra (See Kootenay News release October 25, 2016 ) as well as the presence of a second breccia zone further to the south, which currently remains open at depth. Based on the initial success of the Phase I program, in October 2016 Pan American increased the drill program by an additional 2,000 meters.
QA/QC
Samples were assayed by Inspectorate of Hermosillo, Mexico , using four acid digestion 35 element ICP analytical methods with fire assay for Au and Ag with atomic absorption finish and gravimetric finish, respectively. Pan American has followed a Quality Assurance/Quality Control program comprised of the insertion of blank material and certified standard samples at a frequency of one each for every 20 samples. There is no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to in the table.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald , P. Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada . Supported by one of the largest portfolios of silver assets in Mexico , Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora , State and Chihuahua, State, Mexico , respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-announces-high-grade-silver-intercepts-from-drill-program-on-la-negra-operated-by-pan-american-silver-corp
Kootenay Silver reports metallurgical testing on La Cigarra deposit returns enhanced silver recoveries utilizing SILVOX process
VANCOUVER, Jan. 22, 2017 /CNW/ - Kootenay Silver Inc. (TSXV: KTN; OTC:KOOYF) (the "Company" or "Kootenay") is pleased to report results from preliminary metallurgical testing on its La Cigarra Silver Project in Chihuahua State, Mexico, applying the proprietary Silvox Technologies Inc. ("SILVOX") process which indicates a marked improvement in cyanide leaching for silver recoveries versus industry standard leaching processes previously applied to the deposit.
James McDonald, P.Geo, President and CEO stated, "Although additional metallurgical testing using standard and SILVOX processes will be required to further assess silver recoveries, results from preliminary testing utilizing the SILVOX process are highly encouraging. The ability to achieve enhanced silver recoveries could have a profound impact on the economic viability of La Cigarra and its potential near-term development as a low-cost, open-pit heap leach operation. Further detailed metallurgical testing using standard and SILVOX processes is expected to be completed in the near future".
Initial bottle roll ("BR") testing using industry standards ("standard") and SILVOX processes were recently completed using a typical 48 hour period at minus ¼ inch crush size from a bulk sample collected from La Cigarra. Standard cyanide leaching returned an estimated 38% silver recovery compared to a range of 44% to 52% from the SILVOX process, a 6% to 14% increase in silver recovery.
Additionally, two column tests using the SILVOX process were completed indicating potential for higher silver recovery than the BR test results. These tests were completed over a 120 day period at minus ¼ inch crush size with results suggesting at silver recovery of 52% to 58%. Column tests were not conducted to sufficient QA/QC but may suggest potentially higher recoveries than BR testing.
The results of 5 bottle rolls on a bulk sample composite are shown in the chart below. Four are labeled SILVOX 1 through 4 employing the SILVOX process while the one labeled Standard used industry standard cyanide leach methods. Reagent cost per tonne shows potential economic viability of the SILVOX process with both lower and higher costs compared to standard cyanide leaching.
Test Type Standard SILVOX 1 SILVOX 2 SILVOX 3 SILVOX 4
Head Grade g/t Silver
90.0 81.0 87.0 77.0 72.0
Silver Recovery
38% 44% 5% 51% 52%
Incremental Recovery Improvement
Base 6% 7% 13% 14%
Total Reagent Cost per Tonne
$2.88 $1.78 $2.33 $3.86 $5.82
Note: La Cigarra bulk sample crushed to minus ¼ inch
with 48 hour standard BR testing.
Reagent cost assumes; $2.50/kg for CN, $0.12/kg for lime
and $0.1 to $4.0/kg for SILVOX
KOOTENAY SILVER ANNOUNCES RESULTS FROM CHANNEL SAMPLING PROGRAM ON ADIT IN SAN GREGORIO ZONE AT LA CIGARRA SILVER PROJECT, MEXICO
January 11, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce results from comprehensive mapping and channel sampling conducted on an historical underground adit contained within the San Gregorio Zone at its La Cigarra silver project in Chihuahua State, Mexico.
The detailed work program on the underground adit was carried out by Kootenay in an effort to model a series of known underlying high-grade silver zones that are contained within the Company’s NI 43-101 La Cigarra silver deposit. Data compiled from the program will assist the Company in gaining an understanding what controls the high-grade mineralization contained within the deposit and will assist in further defining a series of silver targets for future drill programs.
James McDonald, President & CEO of Kootenay Silver stated, "We are very pleased with the latest exploration data we have gained from the San Gregorio underground adit. Results from the current program, combined with our ongoing re logging efforts and previous data we have obtained through prior exploration programs, support our effort to design a drill program to test the extensions of the current resource, which remains open along strike and to depth. Upon completion of the prerequisite work, we look forward to initiating a drill program aimed at expanding our established silver resource, starting sometime in the first quarter of 2017.”
The exploration program included a total of 34 channel samples taken across walls on the inside of the adit. The combined results from all the samples carried a weighted average silver grade of approximately 89 gpt, which corresponds with the average silver grade contained within the current silver resource estimate. Detailed results of the channel samples taken within the adit are included in the table below and are also highlighted in the map: San Gregorio Adit Silver Values.
San Gregorio Underground Adit Sampling Results
(click on link below to view specific Sampling Results)
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person for the purpose of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 gpt silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 gpt silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company’s La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 gpt silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 gpt silver equivalent. The Company's core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-announces-results-from-channel-sampling-program-on-adit-in-san-gregorio-zone-at-la-cigarra-silver-project-mexico
Kootenay Silver Announces 7 Drill Holes Completed on Soledad Structure Ground Reconnaissance Program Identifies New Gold Target
December 19, 2016
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) announces it has completed 7 holes along the Soledad Structure before the Christmas break. Drilling will recommence in January and results will be reported when received and compiled. This is the 18th hole of the current program with 11 of these holes drilled in to the Ram structure resulting in a new drill discovery. (See news release November 23, 2016)
Concurrent with the drill program, ongoing ground exploration has identified a new large gold target that is associated with a contact skarn zone representing a potentially significant gold target. The Company believes the newly identified zone, which trends east-west for up to 1000 meters, may be the extension of the Navidad target that includes an untested silver-lead anomaly approximately 500 meters east of the La Cigarra deposit.
The current ground exploration and reconnaissance program is a prelude to an extended multi-phase drill program that is expected to be executed over the next 12-18 months on the property with the objective of adding new resources to the La Cigarra deposit and discovering new silver resources that sit adjacent to and outside of the Company’s established NI 43-101 resource estimate.
James McDonald, President & CEO of Kootenay Silver stated: “We are very pleased to report on the progress of our ongoing ground exploration program. Results to date from the program support our belief that La Cigarra and the surrounding region of the property holds significant untapped potential for multiple new discoveries and the future internal growth of our existing silver asset. The work we have accomplished thus far in the program has clearly set the stage for an exciting winter drill season in the coming months ahead.”
Previous soil-sampling over the gold target was conducted on a 50 by 50 meter soil grid that defined a 1000 meter long trend, 600 meters of which is defined by soils above a 50 ppb gold cutoff. Click on the following link to view a set of maps highlighting the gold-in-soil anomaly found at the skarn zone situated northeast of the La Navidad Zone: Gold, Silver and Lead Anomalies Maps of La Navidad Zone. http://www.kootenaysilver.com/assets/img/nr/2016_27_KTN_MAPS_NR_Dec_19_2016_FINAL.pdf
The La Navidad is one of 8 prospective targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver resources to the project.
Further details and results from the current ground exploration and reconnaissance program will be announced in future news release.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person for the purpose of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 gpt silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 gpt silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company’s La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 gpt silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 gpt silver equivalent. The Company's core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2016/kootenay-announces-7-drill-holes-completed-on-soledad-structure-ground-reconnaissance-program-identifies-new-gold-target
KOOTENAY SILVER PROVIDES DRILLING UPDATE ON 3,000 METER PROGRAM AT LA CIGARRA SILVER PROJECT, MEXICO
December 7, 2016 Kootenay Silver Inc. (TSXV:KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to report 6 additional core drill holes have been completed and submitted for assaying, with the core drill rig collared on the 7th hole within the La Soledad Zone, located approximately 1,000 meters south of the Company’s established La Cigarra silver resource in Chihuahua State, Mexico.
Drilling on La Soledad is part of a current 3,000 meter, multi-phase discovery and resource expansion program underway to assess and evaluate several high priority targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver resources to the project. The Company drilled the first 11 holes of the program on La Cigarra’s adjoining RAM structure resulting in an entirely new silver discovery (see news release dated November 23, 2016), within a large structurally controlled anomalous silver trend measuring 3.8 kilometers in length. Combined with the 5 holes drilled on the La Soledad structure, the Company reports it has completed a total of 16 holes to date on the program.
The La Soledad structure is contained within the southern extension of the main La Cigarra mineralized system that currently measures over 6.5 kilometers in length and remains open to the north and south. A comprehensive ground exploration and reconnaissance program recently conducted by Kootenay on La Soledad confirmed mineralization along the structure occurs as quartz vein breccias up to 8 meters in width with peripheral veins and stockworks in a 60 to 80 meter wide zone.
Previous rock and chip sampling taken by both Northair Silver and Kootenay returned high-grade silver values of 582, 458, 323, 278, 277 gpt. Kootenay’s technical team report the mineralized quartz breccias share similar textural affinities to the major Veta Colorada Mine located to the east of the La Cigarra Property (immediately north of the City of Parral) and to the San Francisco Del Oro and Santa Barbara veins being actively mined immediately south of La Cigarra. To view maps of the La Soledad Structure highlighting the silver in rock sampling program click on the following links: http://tinyurl.com/hdureao ; http://tinyurl.com/javh7lu
The Soledad Zone is one of 8 prospective targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver resources to the project.
In total, the Company completed an additional 1,000 meters in drilling in the 5 diamond drill holes on La Soledad structure. Results from Phase I drilling on the La Soledad will be announced as soon as assays from the program are compiled and interpreted by the Company.
Drilling Notes
The current 16 drill holes are the first phase of a planned ongoing, multi-phase drilling program that will be conducted on the La Cigarra project over the next 12 to 18 months. Follow up drilling of the RAM and the La Soledad structures is expected to commence in the early part of the New Year and will form part of a larger strategy to test additional undrilled targets and the extensions of the La Cigarra Deposit itself.
Once the current 3,000 meter drill program is complete and results of re-logging and detailed mapping of the deposit are interpreted, the details and dates of the anticipated follow up programs will be finalized and announced in a future news release.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 gpt silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 gpt silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company’s La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 gpt silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 gpt silver equivalent. The Company's core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2016/kootenay-provides-drilling-update-on-3000-meter-program-at-la-cigarra-silver-project-mexico
Kootenay Silver Announces New Drill Discovery Proximal to La Cigarra Silver Deposit
Multiple Intercepts of Silver Mineralization Confirmed Across 400-Meter Strike Length
Highlights Include 89.83 gpt Silver over 18.0 Meters; Including 190 gpt Silver over 3.0 Meters
VANCOUVER, Nov. 23, 2016 /CNW/ - Kootenay Silver Inc. (TSXV:KTN.V; OTC:KOOYF - News) (the "Company" or "Kootenay") is pleased to announce results from the first 11 holes of its maiden drill program on its RAM structure, situated approximately 700 meters to the west and south of the Company's La Cigarra silver deposit in Chihuahua State, Mexico.
The program drill tested a 400-meter strike length of the 3,800-meter long RAM structure and dip extents between 65 and 200 meters. Assay results from drilling confirm RAM is a strongly mineralized silver system, hosting multiple zones of quartz veining as sheeted, stockworked or brecciated veins within an altered structure that measures 50 to 150 meters wide. The Company reports the system remains open along strike to the north and south for up to 3,400 meters and down dip to the west.
Kootenay President and CEO James McDonald states, "Results from the first 11 holes of the program confirm RAM is an entirely new silver discovery and development of this mineralized structure will remain a top priority for the Company. The strength and consistency of veining within the structure bodes well for the discovery of further silver resources at depth and along both strike directions. Drilling returned good continuity of silver grades across a 400-meter strike length and widespread silver mineralization was encountered in all but two of the eleven holes, confirming the structure's large-scale potential. Moving forward, the close proximity of the RAM structure to our established La Cigarra silver resource offers excellent potential for future shared infrastructure and economies of scale, as we continue to develop RAM and advance our main La Cigarra deposit towards the economic stage."
Drill Highlights from RAM Zone:
* CC-16-04 returning 89.83 gpt silver over 18.0 meters; including 190.5 gpt silver over 3.0 meters
* CC-16-09 returning 166.5 gpt silver over 6.0 meters;
including 761.0 gpt silver over 1.0 meter
* CC-16-03 returning 58.86 gpt silver over 16.5 meters; including 141.25 gpt silver over 4.5 meters
* CC-16-01 returning 27.60 gpt silver over 31.1 meters; including 83.0 gpt silver over 4.45 meters
* CC-16-06 returning 56.45 gpt silver over 14.7 meters; including 80.14 gpt silver over 9.35 meters
The RAM structure is one of 8 prospective targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver resources to the project. Click to view: the RAM drill plan and cross sections of holes 6, 7, 8 and 9. ( http://tinyurl.com/jtpjqgy )
Drilling Notes:
The 11 drill holes are the first phase of a planned, ongoing multi-phase drilling program that will be conducted on the La Cigarra project over the next 12 to 18 months. Follow up drilling of the 3,800 meter long RAM structure is expected to commence in the early part of the New Year and will form part of a larger strategy to test additional undrilled targets and the extensions of the La Cigarra deposit itself.
The Company reports that drilling continues at the Project with the core drill rig collared at hole 14 within the La Soledad Zone, located approximately 1,000 meters south of the La Cigarra silver resource. Once the current 3,000 meter drill program is complete and results of re logging and detailed mapping of the deposit are interpreted, the details and dates of the anticipated follow up programs will be finalized and announced in a future news release.
A summary of the drilling within the mineralized zone are given in the table below:
(Click on link below to view)
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company's La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 g/t silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 g/t silver equivalent. The Company's core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.
Contact:
James McDonald, CEO and President at 403-880-6016;
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit:
http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-announces-drill-discovery-proximal-140000785.html
Kootenay Silver provides update on multi-phase drill program at La Cigarra silver project, Mexico
VANCOUVER, Oct. 31, 2016 /CNW/ - Kootenay Silver Inc. (TSXV:KTN.V; OTC:KOOYF - News) (the "Company" or "Kootenay") is pleased to report 11 core drill holes totaling 2,100 meters have been completed and submitted for assaying on the Ram Zone as part of its initial 3,000 meter drill program on its 100% owned La Cigarra silver project (the "Property"), located in Chihuahua State, Mexico. The 11 holes tested the northern 500 meters of strike on the Ram structure. Management believes the RAM target has potential to host high-grade silver mineralization within a large structurally controlled anomalous silver trend measuring 3.8 kilometers in length. Assay results will be released once received and compiled.
The Company further reports it is currently mobilizing the drill rig to the La Soledad Zone, located approximately 1,000 meters south of the La Cigarra silver resource.
The current program on La Cigarra is the first stage of a planned multi-phased approach focused on drill testing several new highly prospective targets on the property that lie adjacent to and in close proximity to the main NI 43-101 silver resource. These include the Ram Zone and the Las Venadas – La Soledad-La Chinas mineralized trend, which extends southward from the La Cigarra Resource and has been traced over a length of 3 kilometers.
The extended multi-phase drill program is expected to be executed over the next 12-18 months with the objective of discovering entirely new silver resources that sit adjacent to and outside of the main resource. In conjunction with the new discovery program, the Company is currently conducting a strategic exploration and assessment program that includes extensive re-logging and mapping to aid in optimization of project economics and guide drilling for expansion of the La Cigarra resource.
Upcoming drilling on La Cigarra will aim to expand the size and define the limits of the resource and underlying high-grade silver zones known to extend in three different directions from the deposit. Upon compilation of future exploration and drill results the Company plans to immediately proceed to an updated independent resource calculation and a Preliminary Economic Assessment on the La Cigarra resource.
A summary of the mineral resource estimate is listed below:
(Click on the link below to view the numbers)
NI 43-101 Technical Report on the Updated Mineral Resource Estimate on the San Gregorio/Las Carolinas Zones, La Cigarra Silver Project, Chihuahua, Mexico, effective date January 14, 2015 prepared by GeoVector Management Inc. Note: Mineral resources are reported in relation to a conceptual pit shell at a 35 g/t silver cut-off grade and a $22/oz silver price. Mineral resources that are not mineral reserves do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add up due to rounding.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company's La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 g/t silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 g/t silver equivalent. The Company's core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
please contact: James McDonald, CEO and President at 403-880-6016;
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650;
or visit: http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-provides-multi-phase-drill-175400159.html
Kootenay Announces Drilling Underway at La Cigarra Silver Project, Mexico
VANCOUVER, Aug. 10, 2016 /CNW/ - Kootenay Silver Inc. (TSXV:KTN.V; OTC: KOOYF - News) (the "Company" or "Kootenay") is pleased to announce the commencement of a core drill program on its 100% owned La Cigarra silver project located in Chihuahua State, Mexico.
The drill program will total approximately 3,000 metres and is designed to test the high priority RAM target and expand the La Cigarra resource estimate with a focus on determining continuity of high-grade trends recently identified within the resource. (Click the following link to view a map of the La Cigarra Resource and RAM drill targets).
Kootenay President and CEO James McDonald, stated, "We are excited to start our drill program at La Cigarra, which will begin with the first ever drill test of the high-grade RAM silver target. The primary objectives of the program are to test this high priority target and to expand the existing La Cigarra resource which is open in three directions with particular attention to intercepting higher-grade silver. These are the first steps toward a new resource estimate and to proceeding with a Preliminary Economic Assessment on the project."
Initial drilling will focus on the RAM Zone, where the first 8 holes are planned to target a potential high-grade silver area within a large structurally controlled anomalous silver trend measuring 3.8 kilometres in length. A program of re-logging aimed at gaining a deeper understanding of what controls the high grades is well advanced and will guide drilling along the extensions of the La Cigarra resource where several underlying high-grade silver zones have been identified. An example is at the southern boundary of the Las Carolinas Zone where hole 155 returned 23 metres of 138 g/t silver (See Northair News Release dated Dec 15, 2014) and remains open down dip and along strike to the southeast. Anomalous silver mineralization and alteration indicate an additional two kilometres of strike potential.
Results from the drill program will be announced as soon as the assays are received and interpreted by the Company. A larger drill program will be designed as progress and results of re-logging to assess the potential to model the high-grade zones and the 3,000 metre program are made and received.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish. All drilling will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in Mexico and in British Columbia, Canada. The Company's top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometres from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometres and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometres north, and along strike, of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company's La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 g/t silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 g/t silver equivalent. The Company's core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.
SOURCE Kootenay Silver Inc.
Contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-announces-drilling-underway-la-100000299.html
Kootenay Silver Update on Option with Pan American Silver: 3,400 Meter Drill Program Underway on La Negra Silver Discovery in Sonora, Mexico
VANCOUVER, July 7, 2016 /CNW/ - Kootenay Silver Inc. (TSXV:KTN.V; OTC:KOOYF - News) (the "Company" or "Kootenay") is pleased to announce its partner Pan American Silver has updated the Company on exploration activities on the Promontorio-La Negra silver prospect, contained within the Promontorio Mineral Belt in Sonora, Mexico. A 3,400 meter diamond drilling program is underway and will consist of approximately 18 drill holes. The program will further test the La Negra Breccia as well as two additional targets identified to date.
States Kootenay President and CEO James McDonald "We are very pleased with the results to date from Pan American's exploration activities on Promontorio-La Negra. The La Negra silver discovery is a premier exploration target that demonstrates excellent potential to evolve into a low-cost, open-pittable silver resource. We are excited the drill campaign on La Negra is underway and look forward to reporting results as they are received from the program."
Promontorio - La Negra Silver Discovery
The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay's Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' Initial exploration on La Negra included a successful trenching and surface sampling program that confirmed extensive silver mineralization over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). A follow up Phase I drill program on La Negra returned significant and consistent intervals of high grade, widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news releases, 'Drill Results' Oct. 15, 2014, Nov. 26, 2014 and Dec 3, 2014 for more details.)
Results from a Phase II drilling program on La Negra further confirmed the continuity of silver grades and the consistency of silver mineralization to depth within the core of the diatreme breccia. (See news releases from March 31st, April 30th and May 20th, 2015 for more details). The program also further reinforced La Negra's future potential as a low-cost, open pittable silver resource. Development of La Negra is currently under an option agreement with Pan American Silver Corp. (See News Release dated February 16, 2016 for more details.)
Warrant Extension
The Company also announces that it has, subject to regulatory approval, amended the expiry date of an aggregate total of 7,246,833 unexercised share purchase warrants by a further 6 months.
Pursuant to the non-brokered unit private placement that closed in two tranches with an initial tranche closing on July 18, 2014, for a total of 5,443,500 warrants being issued expiring July 18, 2016 and the final tranche closing on August 18, 2014, for a total of 1,803,333 warrants being issued expiring on August 18, 2016, all of which currently remain outstanding. The expiry date will be extended by 6 months to January 18 and February 17, 2017 for the respective tranches. The terms of the warrants will remain unchanged, including exercise price per warrant remaining at $0.55.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company's La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 g/t silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 g/t silver equivalent. The Company's core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.
Contact:
James McDonald, CEO and President
at 403-880-6016;
Ken Berry, Chairman
at 604-601-5652; 1-888-601-5650
or visit:
http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-option-pan-american-silver-130000900.html
When this came out, I missed commenting but, these results are quite astounding by today's standards... the s/p is a steal under 20cents.
Kootenay Silver announces option with Pan American Silver
INCLUDES US$16 MILLION IN WORK AND CASH PAYMENTS, CDN$2.0 MILLION EQUITY INVESTMENT and a CARRIED TO PRODUCTION INTEREST
VANCOUVER, Feb. 16, 2016 /CNW/ - Kootenay Silver Inc. (TSX.V:KTN.V; OTC:KOOYF - News) ("Kootenay") and Pan American Silver Corp. (TSX: PAA, NASDAQ: PAAS) ("Pan American") are pleased to announce that Pan American, Pan American's wholly owned subsidiary Compania Minera Dolores S.A. de C.V. ("Dolores"), Kootenay, and Kootenay's wholly owned subsidiary Minera JM, S.A. de C.V. ("Minera") have entered into the following agreements:
an option agreement pursuant to which Minera will grant Dolores an option (the "Option") to earn a seventy-five (75%) interest in Minera's Promontorio Mineral Belt silver properties (including the Promontorio and La Negra deposits) in consideration for:
cash payments totalling US$8,050,000 from Dolores to Minera (the "Cash Payment") to be made by Dolores over a four (4) year earn-in period following the execution of the Option Agreement (the "Option Period"); and Dolores committing US$8,000,000 of exploration and development expenditures on Minera's properties in the Promontorio Mineral Belt during the Option Period (the "Exploration Payment"); and a subscription agreement pursuant to which Pan American will invest CDN$2,000,000 in Kootenay by subscribing for 9,090,909 Kootenay shares at CDN$0.22 per Kootenay share (the "Investment").
Furthermore, concurrently with the closing of the Investment, the parties anticipate entering into a property purchase option agreement pursuant to which Dolores will provide Minera with the option to acquire up to two of its exploration properties in Mexico in return for a 2.5% net smelter return royalty on each of the acquired properties (the "Exploration Grant" and together with the Option and the Investment, the "PAS Transactions").
Kootenay President and CEO James McDonald stated: "We are very excited to join forces to aggressively develop our Promontorio Mineral Belt assets with Pan American, one of the world's esteemed mining companies and operators of seven silver mines in Mexico, Argentina, Peru and Bolivia. Bringing approximately US$16 million in cash payments and exploration investments and a carried interest to commercial production, along with a CDN$2 million direct investment in Kootenay, the PAS Transactions underscore Pan American's confidence in the potential viability of La Negra and the Promontorio Mineral Belt. The PAS Transactions serve as catalyst and a strong complement to our new consolidation plan with Northair Silver, providing the amalgamation with greater financial strength and flexibility to focus on the advancement of the La Cigarra silver asset and to pursue further potential consolidation and growth opportunities in the sector."
Michael Steinmann, Pan American President and CEO stated: "Kootenay has done an excellent job exploring their large land package in the Promontorio Mineral belt, located just 190 km NW of our Alamo Dorado mine. La Negra is an exciting, high grade, potentially open pitable deposit, and Promontorio is a large, lower grade silver resource, which will likely require higher metal prices or better grades to move forward. Kootenay has already defined mineral resources at Promontorio and both deposits retain excellent exploration potential. This is an ideal entry point for Pan American into a highly prospective mineral belt located in a preferred jurisdiction, which will allow us to add value by utilizing our proven expertise in exploration and project development."
Northair Silver Corp. (TSX.V:INM.V - News) ("Northair") President and CEO Andrea Zaradic commented: "The option agreement and investment in Kootenay are major developments that fit seamlessly within Northair's and Kootenay's new consolidated platform. For shareholders of Northair and Kootenay, it provides the consolidated company with the added leverage of a healthier treasury, removes project finance uncertainty and considerable technical risk. Equally exciting, it is an agreement that represents a pathway to commercial silver production, supported by a world leading silver producer. This will put us in a position of strength and augment our ability to further consolidate silver assets in the future."
Kootenay and Northair recently announced a business combination to create a leading Mexican consolidator (see press releases dated January 13 and February 8, 2016). The Kootenay- Northair transaction is proceeding on the same terms as previously announced, with the additional benefits stemming from the PAS Transactions.
Terms of the PAS Transactions
To exercise the Option, Dolores is obligated to spend at least US$1,000,000 of the Exploration Payment in the first (1st) year of the Option Period and at least US$2,000,000 of the Exploration Payment on other exploration and development targets in the Promontorio Mineral Belt other than La Negra and Promontorio.
Additional details of the timing of the Cash Payment during the Option Period are as follows:
a) US$250,000 payment at the date of the Option grant;
b) US$150,000 payment at the first anniversary of the Option grant;
c) US$250,000 payment at the second anniversary of the Option grant;
d) US$400,000 payment at the third anniversary of the Option grant; and
e) US$7,000,000 payment (at Pan American's discretion to pay in cash or Pan American shares or a combination thereof) at the fourth anniversary of the Option grant.
Upon exercise of the Option, the parties will enter into a joint venture pursuant to which Kootenay will retain a twenty-five percent (25%) carried interest to production. Pan American will have a preferred capital recovery period after the commencement of production, under which Kootenay will receive forty percent (40%) of distributions on its twenty-five percent (25%) retained interest in the joint venture until Pan American fully recovers its invested capital, which will include construction and development capital, plus any additional expenditures incurred after the date on which Dolores exercises the Option.
Pursuant to the Exploration Grant, Dolores will present a property package of four (4) early stage exploration projects to Minera from which Minera will have four (4) months to evaluate and select up to two (2) properties ("the "Selected Properties"). Upon Minera making such selection, Dolores will transfer the Selected Properties to Minera, with Dolores retaining a 2.5% NSR on each of the Selected Properties.
Upon completion of the Investment, but prior to the completion of Kootenay's acquisition of Northair announced on February 8, 2016, Pan American will hold approximately 10.3% of Kootenay's issued and outstanding shares (calculated on non-diluted basis). Pan American will have the right to maintain its pro rata ownership interest in Kootenay, so long as Pan American continues to hold at least five percent (5%) of Kootenay's shares on an issued and outstanding basis. Pan American has agreed not to sell its Kootenay shares until the earlier of the date which is two (2) years from the grant of the Option and the date on which the Option is terminated.
The PAS Transactions are arm's length transactions. Kootenay intends to proceed with the PAS Transactions without obtaining shareholder approval. The closing of the PAS Transactions will not take place for at least two (2) weeks from the date of this announcement. The PAS Transactions are not material transactions to Pan American and, as such, no shareholder approval will be required from Pan American's shareholders.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
The Northair disclosure of a scientific or technical nature contained in this news release was reviewed by David Ernst, a professional geologist and VP Exploration of Northair, who is a Qualified Person in accordance with the requirements of NI 43-101.
About Kootenay
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priority is the advancement of precious metals projects contained within its Promontorio Mineral Belt in Sonora, Mexico. This includes its La Negra high-grade silver discovery and its Promontorio Silver Resource. Kootenay's core objective is to develop near term discoveries and long-term sustainable growth. Management comprises proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional new discoveries while maintaining minimal share dilution.
About Pan American Silver
Pan American Silver's mission is to be the world's pre-eminent silver producer, with a reputation for excellence in discovery, engineering, innovation and sustainable development. The Company has seven operating mines in Mexico, Peru, Argentina and Bolivia. Pan American also owns several development projects in Mexico, USA, Peru and Argentina.
About Northair
Northair is focused on advancing its flagship La Cigarra silver project located in the state of Chihuahua, Mexico, 26 kilometers from the historic silver mining city of Parral. The property boasts nearby power, good road access, gentle topography, established infrastructure and currently hosts a NI 43-101 Resource estimate of 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25km north, and along strike of Grupo Mexico's Santa Barbara mine and Minera Frisco's San Francisco del Oro mine.
Neither the TSX Venture Exchange nor TSX Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange or the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources: This news release uses the terms "Measured and Indicated Resources" and "Inferred Resources", which have a great amount of uncertainty as to their existence, and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of a Measured and Indicated and/or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. Kootenay, Northair, and Pan American advises U.S. investors that while this term is recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize it. U.S. investors are cautioned not to assume that part or all of a Measured, Indicated and Inferred resource exists, or is economically or legally minable.
SOURCE: Kootenay Silver Inc.
Contact:
Kootenay Silver Inc.: James McDonald: (403) 238-6986, President, CEO & Director; Ken Berry: (604) 601-5652, Chairman;
Northair Silver Corp., Andrea Zaradic: (604) 687-7545, President, CEO & Director; Chris Curran: (604) 687-7545, Manager of Corporate Communications;
Pan American Silver Corp.: Kettina Cordero: (604) 806-3172, Manager, Investor Relations
https://ca.finance.yahoo.com/news/kootenay-announces-option-pan-american-130000887.html
Kootenay and Northair Announce Transaction to Create Leading Mexican Silver Consolidator
VANCOUVER, Jan. 13, 2016 /CNW/ - Kootenay Silver Inc. (TSX-V:KTN.V; OTC: KOOYF - News) ("Kootenay") and Northair Silver Corp. (TSX-V:INM.V - News) ("Northair") are pleased to announce the execution of a Binding Letter Agreement (the "Binding Letter Agreement") pursuant to which Kootenay will acquire all of the issued and outstanding common shares of Northair (the "Transaction"). The combination of Kootenay and Northair will create a leading Mexican silver exploration and development company and consolidator with a portfolio of assets headlined by Kootenay's Promontorio and La Negra projects and Northair's La Cigarra project, all of which are based in Mexico. In addition, the combined company will have exposure to a continuum of grass-roots pipeline exploration projects, royalty interests and joint ventures, plus a strong balance sheet providing the combined company with a stable platform for future consolidation in the sector.
Under the terms of the Binding Letter Agreement, Northair shareholders will receive, for each common share of Northair held, 0.35 common shares of Kootenay, plus 0.15 of a warrant to purchase Kootenay common shares at an exercise price of $0.55 for a period of five years from closing (the "Warrants"). Kootenay will apply to list the Warrants on the TSX Venture Exchange. Including the Warrants(1), the total consideration represents an implied value of $0.076 per Northair common share and a premium of 58% to Northair's shareholders based on both companies' trailing 20-day volume-weighted average price, respectively, as of the close on January 12, 2016, and an implied value of $0.071 per Northair common share and a premium of 45% to Northair's shareholders based on both companies' closing share prices, respectively, as of the same date. Upon completion of the Transaction, Northair will become a wholly-owned subsidiary of Kootenay, and former shareholders of Northair will hold approximately 40% of the shares of Kootenay on an outstanding shares basis.
Kootenay President and CEO James McDonald commented: "The strategic acquisition of Northair and its La Cigarra silver project is a milestone development for both companies that immediately positions Kootenay as a leading consolidator of emerging silver and precious metals assets in Mexico. The transaction provides Northair shareholders with an attractive premium on its capital stock, while Kootenay will enjoy the benefits of a substantially increased silver asset base and corporate balance sheet, setting the stage for the future development of its assets, additional potential revenue streams, and further consolidation in the sector."
Andrea Zaradic, President, CEO & Director of Northair, stated: "La Negra and La Cigarra represent two of the highest profile new silver discoveries amongst non-majors in Mexico. The continued exploration successes at our flagship projects put the combined company in a strong position, distinguishing us from our peers. We are confident that our shareholders will benefit from the value creation opportunities that will be realized through an expanded and more diversified silver consolidation company."
Kootenay and Northair will host a conference call and live audio webcast on Thursday January 14, 2015 at 8:00 am Pacific Time (11:00 am Eastern Time) to provide a short overview on the significance of this Transaction. Conference call and live audio webcast details are located at the end of this release and on the Kootenay and Northair websites at http://www.kootenaysilver.com and http://www.northairsilver.com.
A copy of the investor presentation is currently available at: Kootenay-Presentation ( http://tinyurl.com/jdx57st ) and Northair-Presentation
Transaction Highlights
* Consolidation of High Profile Silver Resources in Mexico: A unique portfolio of high-quality resource-development staged assets in Mexico headlined by Kootenay's Promontorio and La Negra projects and Northair's La Cigarra project. Promontorio has a NI 43-101 pit-constrained resource consisting of 92.0M oz AgEq Measured and Indicated (44.5M tonnes at a grade of 64.3 g/t AgEq) plus an additional 24.3M oz AgEq categorized as Inferred (14.6M tonnes at a grade of 52.0 g/t AgEq) (see Table 1). La Cigarra has a pit-constrained NI 43-101 resource consisting of 51.5M oz Ag Measured and Indicated (18.5M tonnes at 86.3 g/t Ag) plus an additional 11.5M oz Ag (4.5M tonnes at 80.0 g/t Ag) categorized as Inferred resources (see Table 2).*
* Continued Exploration Potential and Resource Upside: Promontorio/La Negra and La Cigarra have all demonstrated continued exploration success since release of their NI 43-101 resource statements. The combined company will continue its focus on resource growth into 2016, with an exploration drilling program planned at La Negra in H1/2016, leading to a maiden NI 43-101 resource estimate, plus plans to drill test high profile targets identified during the 2015 air mag survey at La Cigarra (including the RAM Zone) and to further evaluate regional prospectivity within the 100% owned Promontorio Mineral Belt.
* Prospect Generator Portfolio: In addition to resource development-stage assets, the combined company will maintain an active portfolio of generative properties within Mexico and Canada. Kootenay currently has four joint ventures partners in place and will continue to pursue further monetization opportunities which will provide the combined company with additional, non-dilutive asset exposure and diversification.
* Platform for Further Consolidation: Northair and Kootenay both believe that investors in today's market are increasingly attracted by larger, more liquid exploration and development companies. The combined company, with rationalized G&A and a stronger balance sheet, will be positioned for growth and mandated to pursue further consolidations within the depressed junior silver sector.
Click on the link at the bottom of the page to view the respective Resource Tables and the rest of this PR.
Conference Call and Webcast Information
Kootenay and Northair will host a joint conference call and webcast on Thursday January 14, 2016 at 8:00 a.m. Pacific Time for members of the investment community to discuss the business combination. A copy of the investor presentation that will be used during the conference call is currently available at: Kootenay-Presentation and Northair-Presentation.
The conference call may be accessed by dialing 1-416-340-2218 / 1-800-355-4959 in Canada and the United States. Callers outside of North America may refer to: https://www.confsolutions.ca/ILT?oss=1P29R8003554959
The conference call will be archived for later playback until January 28, 2016 and may be accessed by dialing 1-905-694-9451 / 1-800-408-3053 and entering the pass code 7750990. Callers outside of North America may refer to: https://www.confsolutions.ca/ILT?oss=4P29R8004083053
Audio Webcast:
A live webcast of the conference call can be accessed via the following link: http://www.gowebcasting.com/7229 or via http://www.kootenaysilver.com and http://www.northairsilver.com
An archived version of the webcast will be available via the following link: http://www.gowebcasting.com/7229 and via http://www.kootenaysilver.com and http://www.northairsilver.com
https://ca.finance.yahoo.com/news/kootenay-northair-announce-transaction-create-135500710.html
Kootenay Silver's La Negra Maiden Resource Estimate and Preliminary Metallurgical Testing Underway; $1.5 Million Non-Brokered Private Placement
Shares Outstanding: 74,893,897
VANCOUVER, July 16, 2015 /CNW/ - Kootenay Silver Inc. (TSX VENTURE:KTN.V; OTC:KOOYF) ("Kootenay") is pleased to announce it has initiated the maiden NI 43-101 resource estimate including a metallurgical study at the La Negra silver discovery located in Sonora, Mexico. In addition to the resource estimate and metallurgical work, the company announces a non-brokered private placement (the "Private Placement") of up to 5 million units (each "Unit") at a purchase price of $0.30 per Unit, for aggregate gross proceeds to Kootenay of up to $1,500,000.
States Kootenay President and CEO James McDonald, "We look forward to completing the maiden resource estimate and preliminary metallurgical testing on La Negra. Kootenay has engaged the services of Hans Smit, P.Geo to conduct the maiden NI 43-101 resource estimate on La Negra. Mr. Smit specializes in guiding advanced exploration projects through resource estimations, economic evaluations and permitting. Following this work, we have designed a 5,000 meter drill program with the objective of doubling the current mineralized envelope and testing the newly discovered Cameron zone and the Cameron-Vania trend."
Expansion Program
Kootenay reported in its June 15, 2015 news release the discovery of the new Cameron zone and the Cameron-Vania trend that underscores the potential of this mineralized corridor to become a mining district capable of producing multiple new precious metals discoveries well into the future. The recognition of underlying geologic controls that link the La Negra and Promontorio mineralization with the Cameron-Vania trend serves as a strong complement to our emerging La Negra silver discovery and elevates our confidence for the discovery of additional, similar style, large-scale deposits on Promontorio.
Private Placement
Each Unit will consist of one common share ("Common Share") of Kootenay and one transferable share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.55 for a period of 24 months from the closing date of the Private Placement. Cash finder's fees may be paid in connection with the Private Placement.
All of the securities issued pursuant to the Private Placement will be subject to a minimum four-month hold period. The Private Placement and payment of any finder's fee are subject to acceptance by the TSX Venture Exchange. The net proceeds from the Private Placement will be used to finance additional work on Kootenay's Promontorio property, which includes the new La Negra Breccia discovery, its other properties and for general working capital.
The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
La Negra Silver Discovery
The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay's Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' Initial exploration on La Negra included a successful trenching and surface sampling program that confirmed extensive silver mineralization over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). A follow up Phase I drill program on La Negra returned significant and consistent intervals of high grade, widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery.
Results from a recent Phase II drilling program on La Negra have further confirmed the continuity of silver grades and the consistency of silver mineralization to depth within the core of the diatreme breccia. (See news releases from March 31st, April 30th and May 20th, 2015 for more details). This has set the stage for the advanced future development of La Negra and reinforces its future potential as a low-cost, open pittable silver resource. At present, drill results from the program are being compiled and collated in a 3D model showing the geologic controls and assay results. This compilation will be used to design the next drill phase, which is expected to be announced in the near future.
To View Full Results of Sampling and drill Program Visit: http://www.kootenaysilver.com
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
About Kootenay
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
For additional information, please contact:
James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/s/NewsReleases.asp?ReportID=716328&_Type=News-Releases&_Title=LA-NEGRA-MAIDEN-RESOURCE-ESTIMATE-AND-PRELIMINARY-METALLURGICAL-TESTING-UND...
KOOTENAY SILVER ENCOUNTERS MORE HIGH-GRADE SILVER IN PHASE II OF THE LA NEGRA DRILL PROGRAM
Kootenay Silver Inc. (TSX VENTURE:KTN.V; OTC:KOOYF) ("Kootenay") is pleased to announce results from the final three holes of its Phase II drill program on the La Negra Diatreme Silver discovery on its Promontorio property in Sonora, Mexico. The final three holes of the program were designed to test variously La Negra's northeastern extension, the western end, and another deep test of the diatreme breccia. High-grade intercepts were encountered in two of the three final holes expanding the extent of the mineralized breccia to the northeast and to depth. Importantly LN 40 intercepts 798 gpt Ag over 5 meters within successively wider intervals of 353 gpt Ag over 13 meters, 252 gpt Ag over 24 meters and 124 gpt over 56 meters at a vertical depth of about 300 meters from the mineralized hill top.
Details of the intercepts are in the following table:
Drill Hole From To Interval Silver Gold Lead Rock
(m) (m) (m) (gpt) (gpt) % Type
LN-39-15 -50°/150° Az 77 94 17 169.82 0.071 0.24 Breccia
Including 80 94 14 199.07 0.075 0.19 Breccia
Including 80 91 11 221.09 0.086 0.17 Breccia
Including 80 83 3 446.66 0.065 0.18 Breccia
137m EOH
LN-40-15 -60°/360° Az 157 227 70 42.06 0.037 0.22 Breccia/Phyllic Andesite
Including 189 209 20 88.75 0.037 0.34 Breccia
Including 189 192 3 174.66 0.09 1.2 Breccia
254 310 56 124.27 0.175 0.1 Breccia
Including 275 307 32 198.7 0.298 0.03 Breccia
Including 283 307 24 252.6 0.387 0.03 Breccia
Including 294 307 13 353 0.242 0.02 Breccia
Including 302 307 5 798.4 0.451 0.03 Breccia
360m EOH
LN-41-15 -50°/150° Az 85 101 16 12.37 0.008 0.33 Breccia/Phyllic Andesite
Including 85 94 9 13.55 0.009 0.3 Breccia/Phyllic Andesite
Including 85 87 2 36.5 0.025 0.71 Breccia/Phyllic Andesite
194.2m EOH
Kootenay Silver announces San Diego project optioned to AuRico Gold
Shares Outstanding: 74,778,897
VANCOUVER, May 14, 2015 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC: KOOYF) ("Kootenay") is pleased to announce that it has entered into an option agreement through its wholly owned Mexican subsidiary, Minera J.M. ("MJM") with Oro de Altar ("ODA") a wholly owned Mexican subsidiary of AuRico Gold Inc. (TSX:AUQ.T) ("AuRico"). The option allows ODA to earn up to 100% interest in the San Diego property located in northern Sonora State, Mexico. The project is one of Kootenay's Generative properties and was acquired by MJM in 2014 under an option agreement, giving MJM the right to acquire an undivided 100% interest (see news release dated August 18, 2014).
The San Diego project, is located about 38 kilometers northwest of AuRico's El Chanate Gold Mine and sits within the Sonora-Mojave Megashear, which hosts numerous operating gold deposits including Chanate, Herradura, Mesquite and San Francisco. The San Diego project target potential is an open pit gold deposit much of which projects under a large pediment covered area at the intersection of low and high angle faults and the hosting silicified meta-rhyolites.
Previous work conducted shows anomalous gold mineralization is found along a 3 kilometer long trend focused in silicified meta-rhyolites associated with an intersecting low angle east-northeast trending fault cut by high angle north-northwest trending faults. Gold mineralization is strata bound at the base of the meta-rhyolites at the fault contact with underlying meta sediments.
Sampling conducted by Kootenay encountered gold values ranging from back ground up to 12.2 gpt gold in a mix of grab and chip samples. Silver values are also anomalous along with copper and lead. Alteration associated with gold mineralization consists of silicification, quartz veins and iron carbonate veining.
"We are excited to have AuRico as a partner exploring the San Diego property. The deal structure spreads project risk and allows consolidation of ownership while giving Kootenay shareholders upside in a buyout and royalty structure." says James McDonald Kootenay's President and CEO.
The terms of the agreement allow ODA to earn a 65% interest by spending an aggregate total US$3 million in exploration expenditures over 3 years (by April 8, 2018) and to pay an aggregate total of US$480,000 to MJM by December 10, 2017, which will be used by MJM to fulfill commitments related to underlying property payments. ODA will also be responsible for annual Mexican assessment work and mining concession taxes during the term of the agreement.
Upon earning the initial 65% interest, ODA will have the right to acquire a 100% interest by paying US$8.00 per gold or gold equivalent ounce of resource based on the preparation of a National Instrument 43 101 compliant resource statement, which must be completed no later than 90 days after April 8, 2018. On acquisition by ODA of 100% interest, MJM will receive a 2.5% net smelter royalty. If ODA decide not to exercise the Second Option in order to acquire the remaining 35%, a one-time cash payment to MJM of US$250,000 becomes payable and a joint venture will be formed to further develop the project.
QA/QC
All sampling reported are grab rock samples unless otherwise indicated. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
James McDonald, CEO and President
at 403-238-6986
Ken Berry, Chairman
at 604-601-5652; 1-888-601-5650;
or visit: http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-announces-san-diego-project-133000062.html
KOOTENAY SILVER ANNOUNCES PHASE II DRILLING UNDERWAY ON LA NEGRA
Kootenay Silver Inc. Feb. 23, 2015 - (TSX VENTURE: KTN.V; OTC:KOOYF) ("Kootenay") is pleased to announce that camp upgrades are complete and Phase II drilling has now commenced on its La Negra Silver discovery, contained within the Promontorio Mineral Belt in Sonora, Mexico. The Phase II program is expected to comprise of approximately 30 drill holes once completed. B.D Drilling of Guadalajara, Mexico is the drill contractor.
States Kootenay President and CEO James McDonald "We are very pleased to proceed with our Phase II drill program on La Negra. The La Negra discovery represents one of Mexico's newest pure silver plays and clearly displays earmarks to evolve into a substantial near-surface silver resource. The upcoming Phase II drill program will focus on systematically building on the multiple high-grade silver intercepts returned from Phase I drilling and will play an integral role in determining the overall size and extent of La Negra's contained silver."
La Negra Silver Discovery
The La Negra Breccia discovery is situated approximately 6.5 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' The upcoming Phase II drill program on La Negra follows a successful Phase I drill program, which returned significant and consistent intervals of high grade, widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. Highlights included 200 meters of 156 gpt Ag bottoming in 492 gpt Ag over 17 meters above which there is 6 meters of 1337 gpt Ag, 141.28 gpt Ag over 50 meters, including 212.64 gpt Ag over 28 meters and 323.13 gpt Ag over 15 meters. (See news releases, 'Drill Results' Oct. 15, 2014, Nov. 26, 2014 and Dec 3, 2014 for more details). The Phase I drill program was led by a successful trenching and surface sampling program that confirmed extensive silver mineralization over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details).
To View Full Results of Sampling and Drill Results Visit: http://www.kootenaysilver.com
QA/QC
Core is being detailed logged and sampled with half the core being bagged, tagged, catalogued, sealed and sent to an accredited assay lab for analysis. A quality control program including blanks, standards and replicates is being used similar to that used on the Phase I and Promontorio drill program. Geotechnical data such as recovery, RQD and density are being recorded also. Drilling will be HQ sized diamond drill core and has been contracted to B.D Drilling Mexico, S.A. de C.V of Guadalajara, Mexico. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
Subject to the approval of the TSX Venture Exchange, Kootenay has issued an aggregate total of 2,485,000 incentive stock options, which are exercisable for a period of five years at an exercise price of $0.35 to directors, officers, employees and consultants of the company.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
For additional information, please contact:
James McDonald, CEO and President
at 403-238-6986
Ken Berry, Chairman
at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/s/NewsReleases.asp?ReportID=697071&_Type=News-Releases&_Title=KOOTENAY-ANNOUNCES-PHASE-II-DRILLING-UNDERWAY-ON-LA-NEGRA
Kootenay Silver retains services of Hans Smit P.Geo to assist in development of new La Negra Silver Discovery in Sonora, Mexico
Shares Outstanding: 70,110,683
VANCOUVER, Dec. 8, 2014 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC:KOOYF) ("Kootenay") is pleased to announce that it has retained the services of Mr. Hans Smit, P.Geo to assist in the upcoming development of the Company's new La Negra Breccia Silver Discovery, situated approximately 6.5 kilometers north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico. The immediate objective is to quickly advance the La Negra discovery to a resource calculation on completion of a second drill program anticipated to begin early in the New Year.
States Kootenay President and CEO James McDonald "We are very pleased to welcome Mr. Hans Smit's assistance to the Kootenay technical team. His experience is a key and timely development for the Company as we move towards a maiden NI 43-101 resource calculation on La Negra. Mr. Smit brings Kootenay a wealth of experience developing precious metal resources throughout the North American Cordilleran and we look forward to working with him in the upcoming development of our new La Negra Silver discovery in Sonora, Mexico."
Hans Q. Smit, P.Geo.
Mr. Smit is a professional geologist with 30 years experience in all aspects of mineral exploration. Mr. Smit has managed major exploration programs in northern British Columbia, the Yukon Territory, Alaska and Sonora, Mexico. He specializes in guiding advanced exploration projects through resource estimations, economic evaluations and permitting. As former VP Exploration for Grayd Resource Corp., Mr. Smit played an instrumental role in the discovery and advancement of the La India project in Sonora, Mexico from a grassroots discovery to a project with a 1.2 million gold ounce resource and a positive Preliminary Economic Assessment. Grayd was subsequently bought in 2011 by Toronto-based Agnico-Eagle Mines Ltd. in a $275 million transaction and La India brought into commercial production in 2014.
La Negra Silver Discovery
The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' The current Phase I drill program on La Negra follows a highly successful trenching and surface sampling program that confirmed widespread silver mineralization exists over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). Recently released drill results at La Negra returned significant intervals and high grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news releases, 'Drill Results' Oct. 15, 2014, Nov. 26, 2014 and Dec 3, 2014 for more details).
To view full results of sampling and drill program visit: http://www.kootenaysilver.com
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Kootenay Silver Inc.
Contact:
James McDonald,
CEO and President at 403-238-6986;
Ken Berry,
Chairman at 604-601-5652, 1-888-601-5650;
or visit: http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-retains-services-hans-smit-141500718.html
Kootenay concludes Phase I drilling on La Negra Silver Discovery
Shares Outstanding: 70,110,683
VANCOUVER, Nov. 17, 2014 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC:KOOYF) ("Kootenay") is pleased to announce the completion of its Phase I drill program on its new La Negra Breccia Silver Discovery, situated approximately 6.5 kilometers north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico.
Current drilling included 18 additional HQ diameter core holes that were drilled along an approximate 400 meter strike length, for a total of 25 holes drilled in the Phase I program. An announcement on assay results will be made once results are received and compiled. The Company anticipates announcing results from the remaining 18 holes of the Phase I program by the end of November 2014.
States Kootenay President and CEO James McDonald "We are very pleased to conclude the final 18 holes of our Phase I drill program on La Negra. Our goal is to continue to fast-track drilling and development on La Negra. Once current assays results are received, the next step will be to collate and interpret the additional results in a 3D model and design. Once concluded, we plan to immediately proceed to a Phase II drill program with the objective of producing a NI 43-101 resource on La Negra at the earliest opportunity."
Phase I Drill Program
Drilling in the Phase I program was conducted in widely spaced fences along 400 of 500 meters of La Negra's length to provide information on the sub-surface grade, continuity and geometry of the mineralized Breccia system. Current holes were broadly spaced as single holes or fences of holes from the same platforms in 50 to 115 meter spacings along strike. Breccia and stockwork were encountered along the strike length and dips seem to vary from steep northerly dips to moderate southerly dips. The Phase I drill program included approximately 3100 meters of core drilling. A total of 25 HQ diameter core holes were drilled and completed.
La Negra Silver Discovery
The La Negra Beccia prospect is situated approx. 6.5 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' The current Phase I drill program on La Negra follows a highly successful trenching and surface sampling program that confirmed widespread silver mineralization exists over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). Recently, each of the first seven holes of its current Phase I drill program on La Negra returned significant intervals and high grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news release, 'Drill Results' Oct. 15, 2014 for more details)
To View Full Results of Sampling and drill Program Visit: http://www.kootenaysilver.com
QA/QC
Core is being detailed logged and sampled with half the core being bagged, tagged, catalogued, sealed and sent to an accredited assay lab for analysis. A quality control program including blanks, standards and replicates is being used similar to that used on the Promontorio drill program. Geotechnical data such as recovery, RQD and density are being recorded also. All drilling has been with HQ core and is being done by BD Drilling from Guadalajara, Mexico. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Kootenay Silver Inc.
Contact:
James McDonald,
CEO and President at 403-238-6986;
Ken Berry,
Chairman at 604-601-5652; 1-888-601-5650 or visit:
http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-concludes-phase-drilling-la-141500172.html
Kootenay Silver drilling confirms new silver discovery on Promontorio's La Negra prospect in Sonora, Mexico
Shares Outstanding: 70,110,683
VANCOUVER, Oct. 15, 2014 /CNW/ - Kootenay Silver Inc. (TSX VENTURE:KTN.V; OTC:KOOYF) ("Kootenay") is pleased to announce all seven holes of its Phase I drill program on its La Negra Diatreme Breccia prospect have returned significant grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery.
Kootenay's La Negra Diatreme Breccia prospect is situated approximately 6.5 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico and is one of several new Diatreme Breccia prospects recently identified within a 25 x 15 km mineralized corridor, recently christened the 'Promontorio Mineral Belt'.
States Kootenay President and CEO James McDonald "We are very pleased and excited to report a significant and entirely new silver discovery on our La Negra prospect in Sonora, Mexico. Our continued success to date on La Negra is clearly a testimony to the hard work and diligence of our entire exploration and technical team in Sonora, Mexico, led by our VP of Exploration Dr. Tom Richards. Based on its ideal proximity and its distinct geological characteristics, La Negra exhibits excellent potential to evolve into a substantial, low-cost, near surface silver resource. As drilling continues, our objective will be to further define the continuity of silver mineralization on surface and at depth to begin determining the overall scope and extent of the contained silver."
Highlights include:
LN 01-14 Containing from surface;
* 110.46 gpt Ag over 41 meters including
* 223.23 gpt Ag over 13 meters
LN 02-14 Containing from surface;
* 141.28 gpt Ag over 50 meters including
* 212.64 gpt Ag over 28 meters and
* 323.13 gpt Ag over 15 meters
LN 03-14 Bottomed in mineralized breccia in a vertical hole from surface;
* 82.57 gpt Ag over 144 meters including
* 98 gpt Ag over 103 meters and
* 195.84 gpt Ag over 25 meters
LN 04-14 Containing from surface;
* 92.98 gpt Ag over 92 meters including;
* 149.43 gpt Ag over 20 meters from surface and
* 146.38 gpt Ag over 31 meters from 43 meter depth
LN 05-14 Containing from surface;
* 91 gpt Ag over 119 meters including
* 182.27 gpt Ag over 40 meters
* 367.85 gpt Ag over 14 meters
LN 06-14 Containing from surface and bottomed in mineralized breccia;
* 92.79 gpt Ag over 98 meters including
* 168.33 gpt Ag over 21 meters including
* 214.3 gpt Ag over 14 meters
LN 07-14 Containing from surface;
* 132.49 gpt Ag over 59 meters including
* 149.6 gpt Ag over 43 meters and
* 185.35 gpt Ag over 17 meters
States Kootenay VP of Exploration Dr. Tom Richards, BSc, PhD "La Negra is a classic Diatreme Breccia prospect and an entirely new grass roots silver discovery. On trend to Kootenay's established and evolving 92 million ounce silver equivalent Promontorio resource located 6.5 kilometers to the south this new discovery underscores and confirms the regional-scale potential for additional new discoveries within the 'Promontorio Mineral Belt'."
Drill Results
The seven holes tested a cross section north to south about 100 meters wide with holes LN 01-14 to LN 05-14 and a long section east to west over about 100 meters long with holes LN 06-14, LN 07-14 and LN 03-14 and to a vertical depth of 144 meters.
The breccia at this location dips about 80 degrees to the south on the north contact and 70 degrees to the north on the south contact. All intercepts are hole lengths into an elongate pipe like breccia body the width, length and depth of which is not yet known. Surface exposures are very good over a 100 by 400 meter area and extend to 500 meters in length and up to 200 meters north to south.
To view cross sections of the seven-drill holes visit: http://tinyurl.com/owvohk6 To view a drill plan outlining the location of the La Negra drilling visit: http://tinyurl.com/ndl4s8p
Details of the intercepts are in the following table:
Drill Hole From To Interval Ag Au Pb Rock
(m) (m) (m) (gpt) (ppb) (%) Type
LN-01-14 -45/180 Az 3 44 41 110.46 67.71 0.126 Breccia
Including 18 37 19 177.1 112.78 0.056 Breccia
Including 18 31 13 223.23 129.38 0.07 Breccia
95m EOH
LN-02-14 -60/180Az 0 50 50 141.28 107.72 0.215 Breccia
Including 0 40 40 161.25 121.15 0.256 Breccia
Including 19 47 28 212.64 149.14 0.144 Breccia
Including 19 34 15 323.13 197.8 0.216 Breccia
100m EOH
LN-03-14 -90 0 144 144 82.57 57.93 0.309 Breccia
Including 0 27 27 108.32 77.3 0.618 Breccia
Including 0 106 106 98.03 62.19 0.373 Breccia
Including 0 78 78 114.63 66.04 0.383 Breccia
Including 53 78 25 195.84 107.4 0.144 Breccia
Including 54 67 13 229.38 103.61 0.166 Breccia
144m EOH
LN-04-14 -60/360Az 0 114 114 78.54 66.4 0.311 Breccia
Including 0 92 92 92.98 79.68 0.351 Breccia
Including 0 67 67 118.93 83.39 0.409 Breccia
Including 0 20 20 149.43 73.21 0.85 Breccia
Including 43 74 31 146.38 95.67 0.103 Breccia
152m EOH
LN-05-14 -45/360Az 0 119 119 91 46.44 0.576 Breccia
Including 0 88 88 108.85 39.95 0.625 Breccia
Including 51 91 40 182.87 70.97 1.171 Breccia
Including 51 65 14 367.85 111.42 1.84 Breccia
Including 89 119 30 40.4 64.55 0.427 Stockwork
147m EOH
LN-06-14 -60/090Az 3 101 98 92.79 104.37 0.153 Breccia
Including 3 55 52 124.36 88.59 0.224 Breccia
Including 3 24 21 168.33 125.8 0.416 Breccia
Including 3 16 13 214.3 131.3 0.618 Breccia
101m EOH
LN-07-14 -60/270Az 5 64 59 132.49 85.34 0.26 Breccia
Including 5 48 43 149.6 78.96 0.27 Breccia
Including 31 48 17 185.35 153.18 0.23 Breccia
Including 5 116 111 83.89 52.49 0.23 Breccia/Stockwork
Including 65 116 51 17.06 7.42 0.19 Stockwork
Including 106 116 10 41.9 12.8 0.47 Stockwork
130m EOH
KOOTENAY SILVER ANNOUNCES FIVE DRILL HOLES COMPLETED ON PROMONTORIO'S SILVER MINERALIZED LA NEGRA DIATREME PROSPECT
Sep 18, 2014
Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC: KOOYF) ("Kootenay") is pleased to announce the first 5 HQ diameter core holes of its Phase I drill program on its La Negra Diatreme Breccia prospect have been completed and are being submitted for assaying. The La Negra Diatreme Breccia prospect is contained within the 'Promontorio Mineral Belt' approx. 6.5 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico.
Preliminary visual inspection of drill core by Kootenay's technical team shows all 5 holes have encountered wide intervals of altered breccia, which is the same host rock as is seen across the mineralized surface.
States Kootenay President and CEO James McDonald "We are very pleased to complete the first tranche of drill holes on La Negra and look forward to receiving initial assay results. Based on our inspection of the initial core, we remain highly optimistic results from current drilling will parlay the success of our recent trenching and surface sampling program that returned widespread silver mineralization over a 100 to 200 meters by 500 meter area. Clearly, La Negra is an emerging target that exhibits several key characteristics with the potential to evolve into a significant near surface silver discovery. It also serves as a strong compliment to the underlying value of Kootenay's flagship Promontorio resource located 6.5 kms to the north, and underscores the regional-scale potential of the other emerging targets contained within Promontorio's Mineral Belt."
Phase I Drilling Program on La Negra Diatreme Pipe
Drilling is currently being conducted in widely spaced fences along 400 to 500 meters of La Negra's length to provide information on the sub-surface grade, continuity and geometry of the mineralized diatreme pipe. The program is contracted to be a minimum of 2500 meters of core drilling with HQ diameter core. It is anticipated 15 to 20 holes will be drilled in the inaugural program.
To view a map of current completed drill holes visit: La Negra Property drilling progress - Sept 18 2014 ( http://tinyurl.com/nee8jft )
Breccia intercepts are as follows:
LN 14-1 (-45 at 180 azimuth) 0 to 44 meters breccia, 44 to 95 meters (end of hole) altered andesite.
LN 14-2 (-60 at 180 azimuth) 0 to 54 meters breccia, 54 to 100 meter (end of hole) altered andestie.
LN 14-3 (-90 ) 0 to 144 meters (end of hole) breccia.
LN 14-4 (-60 at 360 azimuth) 0 to 115 meters breccia, 115 to 152 meters (end of hole) altered andesite.
LN 14-5 (-45 at 360 azimuth) 0 to 90 meters breccia, 90 to 147 (end of hole) meters altered andesite.
Holes LN 14-1 to LN 14-5 are drilled to form a fence of holes from the same drill pad.
Kootenay's technical team reports the breccia's appear to be dominated by clast supported type and are strongly altered by very fine silica and clay with abundant very fine grained tourmaline. It appears as if the contacts of the breccia are near vertical to steeply north dipping. The Company cautions the foregoing information is from quick logging and thus preliminary in nature. As such, some observations of contacts, alteration and lithology and interpretations thereof may change as detailed logging is complete and new information is gained from additional holes.
An announcement on assay results will be made when received and compiled. It is estimated the initial holes will be announced in the first half of October.
Surface Trenching & Sampling Program Confirms Widespread Silver Mineralization
An extensive trenching and surface sampling program previously conducted on La Negra from bedrock exposure shows silver mineralization is remarkably consistent throughout the breccia's exposed breadth and length (between 100 to 200 meters by 500 meters). The average of all samples taken on surface is 65 gpt silver from 50 three meter chip samples in trenches, 19 two meter square chip panels and 31 grab samples. (See news releases from May 28th and June 5th, 2014 for more details). Previous airborne geophysics was effective in mapping the southern contact of the breccia and indicates the breccia could be twice the aerial extent of the visible bedrock exposure.
To View Full Results of Sampling Program Visit: La Negra Sampling Program ( http://tinyurl.com/oyyujsj )
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
QA/QC
Core is being detailed logged and sampled with half the core being bagged, tagged, catalogued, sealed and sent to an accredited assay lab for analysis. A quality control program including blanks, standards and replicates is being used similar to that used on the Promontorio drill program. Geotechnical data such as recovery, RQD and density are being recorded also. All drilling has been with HQ core and is being done by BD Drilling from Guadalajara, Mexico. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
For additional information, please contact:
James McDonald
CEO and President at 403-238-6986
Ken Berry
Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/s/NewsReleases.asp?ReportID=674937&
Kootenay Silver announces drill program underway on Promontorio's La Negra mineralized diatreme pipe
Shares Outstanding: 70,110,683
VANCOUVER , Aug. 28, 2014 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC: KOOYF) ("Kootenay") is pleased to announce drilling has commenced on its La Negra Diatreme Breccia prospect, located within Kootenay's Promontorio property and approximately 6-7 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico . The program is contracted to be a minimum of 2500 meters of core drilling with HQ diameter core. It is anticipated 15 to 20 holes will be drilled in the inaugural program. Drilling is being conducted by BD Drilling of Guadalajara, Mexico .
States Kootenay President and CEO James McDonald "We are very pleased to commence drilling on Promontorio's La Negra prospect. Based on results from trenching and sampling to date, La Negra as emerged as a very exciting diatreme target with potential to evolve into a significant, open-pittable discovery. Further supporting its near-surface potential, La Negra forms a prominent hill, has a large aerial exposure and the mineralization identified at surface is a leachable silver halide (silver chlorargyrite). The current drill program will play a key factor in determining the sub-surface consistency, grade and geometry of the mineralization."
Drilling will test in widely spaced fences the diatreme pipe along 400 to 500 meters of its length providing information on the sub-surface grade, continuity and geometry of the mineralized pipe. Surface sampling from bedrock exposure shows silver mineralization is remarkably consistent throughout the breccia's exposed breadth and length (between 100 to 200 meters by 500 meters). The average of all samples is 65 gpt silver from 50 three meter chip samples in trenches, 19 two meter square chip panels and 31 grab samples. (See news releases from May 28 th and June 5 th, 2014 for more details). Airborne geophysics was effective in mapping the southern contact of the breccia and indicates the breccia could be twice the aerial extent of the visible bedrock exposure.
To View Full Results of Sampling Program Visit: http://www.kootenaysilver.com
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
QA/QC
Samples were assayed using a high-grade multi-acid digestion ICP analysis conducted by ALS Chemex of North Vancouver, B.C. , Canada and prepped in ALS Chemex's Lab in Hermosillo, Sonora, Mexico . Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald , P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada . Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico . Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Kootenay Silver Inc.
Contact:
James McDonald,
CEO and President at 403-238-6986
Ken Berry,
Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://finance.yahoo.com/news/kootenay-announces-drill-program-underway-131600584.html
Kootenay announces drill program to commence August 2014 on Promontorio's La Negra Diatreme Breccia prospect
Shares Outstanding: 68,307,350
VANCOUVER , July 22, 2014 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC:KOOYF) ("Kootenay") is pleased to announce drill contracts are in place, drill targets have been identified and road construction is underway in preparation for an upcoming phase I drill program on its La Negra Diatreme Breccia prospect, located approx. 7 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico . Drilling is slated to commence in late August 2014 and is expected to include a minimum 2,500 meters of core drilling.
States Kootenay President and CEO James McDonald "We are very pleased to proceed to the drilling stage on La Negra. La Negra has emerged as one of the Promontorio mineral belt's premier diatreme breccia prospects. La Negra's distinct geological characteristics gives it potential to evolve into a near-surface, open-pittable resource and represents a strong complement to our existing NI 43-101 resource located 7 kms to the south. Based on reported silver grades and the extensive silver mineralization identified on La Negra on surface from trenching and sampling to date, we remain highly optimistic the upcoming program can mirror this success as we begin drilling to depth."
The program follows a recently conducted strategic hand trenching and chip sampling program that indicated widespread silver mineralization is present on surface within the entire 100 by 400 meter core of the La Negra Diatreme Breccia (See news release May 6, 2014 ). The current drilling campaign is designed to determine the extent and grades of silver mineralization extending from surface to depth.
2014 Hand Trenching and Sampling Program
The hand trenching and chip sampling program was designed to gain a better understanding of the grade potential and continuity of silver mineralization within the breccia, in preparation for the upcoming drill program. Composited intervals from 3 meter chips in the trenches averaged over 45 gpt silver across a cumulative 150 meters in 6 trenches along a 100 by 400 meter extent of breccia (See news release June 5th, 2014 ). This supported earlier results that first returned anomalous silver across the total exposed breccia. Included were 19 panel chip samples taken from 2 by 2 meter panels returning an average of 107 gpt Ag within a larger sample set of 50 samples (19 panel chips in 2 by 2 meter panels plus 31 grab samples) that averaged 77 gpt silver (See news release May 6, 2014 ).
The breccia was mapped over an area approximately 100 to 200 by 500 meters and revealed extensive bedrock exposure in an area measuring 100 by 400 meters. The breccia is believed to be a diatreme pipe that forms a prominent hill with approximately 120 to 130 meters of relief. Airborne geophysics was effective in mapping the southern contact of the breccia and indicates the breccia could be twice the aerial extent of the visible bedrock exposure.
To View Full Results of Sampling Program Visit: http://www.kootenaysilver.com
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
QA/QC
Samples were assayed using a high-grade multi-acid digestion ICP analysis conducted by ALS Chemex of North Vancouver, B.C. , Canada and prepped in ALS Chemex's Lab in Hermissilo, Sonora, Mexico . Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald , P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada . Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico . Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://finance.yahoo.com/news/kootenay-announces-drill-program-commence-130000168.html
Kootenay Silver Announces Hand Trenching and Sampling Program Returns Ccnsistent Silver Mineralization Across La Negra's Entire Extent
June 5, 2014
Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC: KOOYF) ("Kootenay") is pleased to announce further results from six trenches from its strategic hand trenching and chip sampling program on its La Negra, diatreme Breccia prospect, located approx. 7 kilometers north of its flagship Promontorio Silver Resource in Sonora, Mexico.
A total of 50 samples were taken in 3 meter intervals for 150 meters of trenches across the 6 trenches ranging from 21 to 30 meters in length. All trenches returned silver mineralization throughout their length. Results further augment previous assays from the program, indicating robust and consistent grades of widespread silver mineralization being present within the entire 100 by 400 meter core of the La Negra Diatreme Breccia.
States Kootenay President and CEO James McDonald "We are very pleased with results from our current sampling program on La Negra. Assays continue to show a remarkable consistency of silver mineralization across the entire exposed area of the Breccia. Moreover, petrographic work has led to the recognition that the silver mineralization is hosted in a silver chlorargyrite, a mineral that is amenable to low-cost heap leach mining, as well as a host mineral to other noted discoveries in Mexico. Although we are still at an early stage of exploration, with many uncertainties ahead, La Negra's geological characteristics, combined with results to date, present a very exciting scenario as we prepare for our upcoming drill program."
Highlights from Hand Trenching and Chip Sampling Program:
* 98.9 gpt Ag over 21 meters in Trench 1
* 59.1 gpt Ag over 21 meters in Trench 5
* 42.1 gpt Ag over 27 meters in Trench 2
* 39.2 gpt Ag over 30 meters in Trench 3
* 33.5 gpt Ag over 30 meters in Trench 6
* 16.1 gpt Ag over 21 meters in Trench 4
The hand trenching and chip sampling program was designed to gain a better understanding of the grade potential and continuity of silver mineralization within the breccia in preparation for a proposed upcoming drilling program. Current results further support and augment previous assays from sampling conducted along the entire length of breccia (See news release May 28, 2014). They each support earlier results that returned anomalous silver across the total area of the exposed breccia. Included were 19 chip samples taken from 2 by 2 meter panels returning an average of 107 gpt Ag within a larger sample set of 50 samples (19 chips in 2 by 2 meter panels plus 31 grab samples) that averaged 77 gpt silver (See news release May 6, 2014).
In conjunction with the sampling program, the breccia was mapped over an area approximately 100 to 200 by 500 meters and revealed extensive bedrock exposure in an area measuring 100 by 400 meters where the trench sampling was conducted. The breccia is believed to be a diatreme pipe that forms a prominent hill with approximately 120 to 130 meters of relief. Airborne geophysics was effective in mapping the southern contact of the breccia and indicates the breccia could be twice the aerial extent of the visible bedrock exposure.
Upcoming drilling dates on La Negra will be reported in a future news release.
To View Full Results of Sampling Program Visit La Negra Sampling Program at:
http://www.kootenaysilver.com/i/projects/lanegra/NegraTrench2014june01-4.pdf
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
QA/QC
Samples were assayed using a high-grade multi-acid digestion ICP analysis conducted by ALS Chemex of North Vancouver, B.C., Canada and prepped in ALS Chemex's Lab in Hermissilo, Sonora, Mexico. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
The current program sampled along the entire length of breccia at intervals of roughly 25 to 100 meter spacings. Advantage was made of bedrock exposure to aid in the hand trenching and provide for contiguous sample intervals. A total of six hand trenches were completed, varying in length from 21 meters to 30 meters in length, with chip samples taken in contiguous three meter lengths. A total of 150 chip samples were taken.
The breccia was mapped over an area of approximately 100 to 200 by 500 meters with extensive bedrock exposure over 100 by 400 meters in the target area. It forms a prominent hill with approximately 120 to 130 meters of relief. Airborne geophysics was effective in mapping the southern contact of the breccia and indicates the breccia could be twice the aerial extent of the visible bedrock exposure.
For additional information, please contact:
James McDonald,
CEO and President at 403-238-6986
Ken Berry,
Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/s/NewsReleases.asp?ReportID=657099&_Type=News-Releases&_Title=KOOTENAY-ANNOUNCES-HAND-TRENCHING-AND-SAMPLING-PROGRAM-RETURNS-CONSISTENT-S...
Kootenay Silver announces hand trenching and chip sampling program completed on Promontorio's La Negra silver prospect
Shares Outstanding: 62,863,850
VANCOUVER, May 28, 2014 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC: KOOYF) ("Kootenay") is pleased to announce it has completed a strategic hand trenching and chip sampling program on its emerging La Negra, Breccia diatreme silver prospect, located approximately 7 kilometers north of its flagship Promontorio Silver Resource in Sonora, Mexico.
States Kootenay President and CEO James McDonald "We continue to be highly encouraged with results from our ongoing exploration and sampling program on La Negra. Not only has La Negra emerged as one of our most exciting new breccia prospects contained within the Promontorio Mineral Belt, it exhibits many key elements that gives it intrinsic potential to evolve into a significant, large-scale, near surface discovery. We are very excited to proceed to the next phase of work on La Negra. Through further exploration, trenching and drilling, the goal of the upcoming program will be to establish the grade continuity and extent of silver at surface and at depth, to begin ascertaining the size and average grade of the contained mineralization."
The hand trenches were designed to gain a better understanding of the grade potential and continuity of mineralization within the breccia, in preparation for a proposed upcoming drilling program. Results further augment previous sampling that returned anomalous silver across the entire breccia. Included were 19 chip samples taken from 2 by 2 meter panels returning an average of 107 gpt Ag within a larger sample set of 50 samples (19 chips in 2 by 2 meter panels plus 31 grab samples) that averaged 77 gpt silver (see news release May 6, 2014).
The current program sampled along the entire length of breccia at intervals varying from 25 to 100 meter spacings. Advantage was made of bedrock exposure to aid in the hand trenching and provide for contiguous sample intervals. A total of six hand trenches were completed, varying from 21 meters to 30 meters in length, with chip samples taken in contiguous three meter lengths. A total of 50 chip samples were taken over a length of 150 meters.
The breccia was mapped over an area of approximately 100 to 200 by 500 meters with extensive bedrock exposure over 100 by 400 meters. It forms a prominent hill with approximately 120 to 130 meters of relief. Airborne geophysics was effective in mapping the southern contact of the breccia and indicates the breccia could be twice the aerial extent of the visible bedrock exposure.
The breccia is altered throughout by sericite/clay, silica and very fine grained tourmaline. Very low concentrations of oxide minerals after sulfides occur and petrographic work shows the silver is in a silver chlorargyrite, which is the major ore mineral at Pan American's Alamo Dorado deposit to the south.
Upcoming drilling dates on La Negra will be reported in a future news release.
To View Full Results of Sampling Program Visit: http://www.kootenaysilver.com
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
QA/QC
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://ca.finance.yahoo.com/news/kootenay-announces-hand-trenching-chip-130000527.html
Kootenay Drill Program Slated For Promontorio's La Negra Prospect
May 6, 2014 - Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) ("Kootenay" or the "Company") is pleased to announce that plans are underway for an anticipated 3,000 meter drill program on its emerging La Negra Silver prospect, situated 7 kilometres ("km") north of the Promontorio diatreme breccias, in Sonora, Mexico. The La Negra prospect is one of five identified discoveries within a 25km x15 km northwest trending corridor, termed the "Promontorio Mineral Belt."
The Company reports recent processing of airborne geophysical data, compilation of all geochemical sample data and petrographic analysis have highlighted the importance of the La Negra discovery and are the impetus for advancing the prospect to a drilling phase. Silver mineralization has been identified across the entire exposure of the mineralized breccia along a general exposure of 100 by 500 meters. Average of all 50 rock samples (grabs and chips) taken is 77 gpt Ag. Nineteen of these were chip samples that averaged 107 gpt silver with a single high of 512 gpt Ag (see the Company's February 25, 2014 news release for more detail).
Processing of airborne geophysics has been successful in defining the breccia limits where it is exposed and indicates the mineralized breccia may be significantly larger than the existing outcrop exposure.
To view a map of the La Negra sampling and the corresponding geophysics visit: La Negra Sampling. http://www.kootenaysilver.com/i/projects/Promontorio/satellitetargets/lanegra.pdf
States Kootenay Silver President and CEO James McDonald "The La Negra is the most advanced prospect of the five discoveries contained within the Promontorio Mineral Belt. We are very excited to drill test this prospect. Not only has La Negra returned consistent silver grades from sampling over a broad area, but it also has distinct characteristics to potentially evolve into a very large, low-cost, open-pittable scenario. This includes the Prospect's outcropping nature and the extensive areas of silver mineralization indicated at surface. The La Negra will be the first of several anticipated satellite mineral systems to be drilled. In concert with this program, we will continue to prioritize the strategic expansion of the high-grade areas of our Promontorio resource, located in the Central corridor and the Northeast Zone."
Drilling dates and budgets will be reported in a future news release.
QA/QC
All sample results reported were analyzed by ALS Chemex using ME ICP 61 a which is a four acid analysis using a 30 g fire assay with gravimetric finish for silver and for gold. More QA/QC procedures are posted on the website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
For additional information, please contact:
James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/s/NewsReleases.asp?ReportID=651351&_Type=News-Releases&_Title=Kootenay-Drill-Program-Slated-For-Promontorios-La-Negra-Prospect
Kootenay Silver announces generative program in Nechako Plateau results in the discovery of two precious metals mineral systems
April 3, 2014
Kootenay Silver Inc. (TSX VENTURE:KTN.V; OTC:KOOYF) (“Kootenay”) is pleased to announce exploration activities conducted in the Nechako Plateau, British Columbia over the past two work seasons has resulted in the discovery of two new precious metal mineral systems called the Fox and Two Times Fred.
Highlights of the new finds are:
* Known deposits and former producers in area such as the Blackwater Gold Deposit and the former producing Equity Silver Mine demonstrate geologic terrane that is permissive for large deposits.
Fox Property:
* Strongly anomalous gold (“Au”) and silver (“Ag”) values in surface grab samples to 32 grams per tonne (“gpt”) Au and 6049 gpt Ag.
* Numerous anomalous mineral occurrences over one square kilometer.
* Best mineralization underlain by three kilometer long magnetic anomaly.
* Alteration and mineralization indicate potential for “disseminated and high grade type discovery”.
Two Times Fred Property:
* Consistently anomalous gold with silver in upper levels of a “hot spring” epithermal gold system.
* Composite grab samples averaging 0.388 gpt Au with all samples averaging 0.318 gpt Au.
* Geology and mineralization indicate potential for large low grade and smaller high grade deposits.
* Stacked Gold anomalous silica veins lie flat over a large 1.75 by 2.5 kilometer area.
* Mineralization coincident with airborne magnetic and EM anomalies with bigger aerial extent than known occurrences.
Kootenay targeted the Nechako Plateau region for gold and silver exploration as the geology is conducive to the formation of large precious metals deposits as evidenced by the renowned Blackwater gold deposit and the Equity Silver deposit. Multi-phase exploration conducted by Kootenay leading up to the discoveries included extensive ground soil and rock sampling, biogeochemistry, geological mapping, processing and in-depth interpretation of government magnetic and EM surveys and ground geophysical surveys (magnetic and VLF-EM).
Continued at:
http://www.kootenaysilver.com/s/NewsReleases.asp?ReportID=646052&_Type=News-Releases&_Title=KOOTENAY-ANNOUNCES-GENERATIVE-PROGRAM-IN-NECHAKO-PLATEAU-RESULTS-IN-THE-DIS...
I'm almost up to 80k shares.
There may be some sort of arbitrage going on with kooyf and the Canadian stock symbol. Someone may be buying on the canadian market at a discount and shorting the american exchange shares to me at a slight premium.
I'm in with 30k shares today at about .47 The daily trading volume still reads 0 which is confusing to me.
Kootenay Silver provides exploration update of Promontorio satellite targets defining a 25 x 15 kilometer mineralized corridor
Shares Outstanding: 62,808,850
VANCOUVER, Feb. 25, 2014 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC:KOOYF) ("Kootenay") is pleased to provide an update of exploration on the contiguous land position surrounding its flagship Promontorio Silver Project in Sonora, Mexico. Ongoing exploration has resulted in the discovery of numerous zones of gold-silver, silver and gold-copper mineralization that defines a 25 x 15 km northwest trending corridor, the "Promontorio Mineral Belt".
The results of this exploration program documents the Promontorio Diatreme breccia's belong to a mineral event that is part of a regional mineral exploration belt. None of these newly-discovered zones have been drilled.
States Kootenay President and CEO James McDonald "We are extremely pleased with results from our Promontorio Satellite exploration program. The extensive areas of mineralization and alteration clearly underscore the potential for multiple new discoveries to the northwest of Promontorio's Diatreme system. The La Negra Prospect is already permitted and drill ready and plans are underway to define drill targets on a host of the other prospects. Concurrently, we continue to remain focused on the strategic expansion of the high-grade areas of our Promontorio resource, located in the Central corridor and the Northeast Zone."
The principle areas of mineralization within the "Promontorio Mineral Belt" are named Nopalera, Metallica Pesada, Tordillo, Alamito, La Negra and Leona. Their location relative to the Promontorio Diatreme hosted resource is shown by visiting the following link: Promontorio Satellite Map
http://tinyurl.com/mmtpqe2
Descriptions of the primary areas of interest are as follows:
The La Negra Zone
The La Negra prospect is a hydrothermal-diatreme breccia exposed over a 100 to 150 x 400 to 500 meters area, 7 km north of the Promontorio diatreme breccias.
Seventy-seven samples have been collected over the La Negra prospect. Of the 77 samples collected, 56 returned values greater than 10 gpt silver and 35 greater than 20 gpt silver. Eighteen chip samples (random chips taken within a 2m x 2m area) averaged 107 gpt silver with a single high of 512 gpt and 15 greater than 20 gpt. Gold values are low within the breccias but highly anomalous in small veins peripheral to the breccias with values from background to 8.2, 4.3, 3.2 and 2.0 gpt gold obtained from grab samples. To view a map of the La Negra sampling visit: La Negra Sampling
http://tinyurl.com/lmep6os
The Tordillo Zone
The Tordillo zone is located 20 km northwest of Promontorio. Gold and silver mineralization occurs over a 3 x 5 km area as veins, stockworks and breccia's intimately associated with strong potassic and argillic/sericite/hematite alteration. This is suggestive of a gold porphyry setting. Three hundred and ten samples have been collected over the Tordillo zone. 175 samples are greater than 50 ppb gold, 148 greater than 100 ppb (0.1 gpt Au), and 54 greater than 1 gpt (with high values of 71.0, 20.2, 18.0, 14.2, 11.3, 9.8, 8.0, 6.7, 6.1 and 5.5 gpt noted). Anomalous silver showed in 94 samples with values greater than 10 gpt and 20 greater than 50 gpt, with highs of 547, 227, 252, 192, 166 and 147 gpt. Two main areas of precious metal have been identified in the Tordillo area. They are Mucho Oro and Tordillo Sur zones.
In the 'Tordillo Sur' zone, gold values from background to 18, 2.7, 1.8, 3.5, 1.6, 2.3, 2.7 gpt and silver values from background to 252, 107 and 66 gpt occur with secondary biotite, potash feldspar, magnetite, hematite and sericite hosted in altered sandstones. Significant copper values occur with the gold. In conjunction with potassic alteration this is indicative of a porphyry system.
The 'Mucho Oro' is a zone with strongly sericitic/hematite altered sediments hosting values from background to 71.0, 14.2, 11.3, 8.0 and 6.1 gpt gold with low silver from grab samples. Visible gold is noted. Chips of 1.5 m across a 21 m trench averaged 0.80 gpt gold (including 10.5 m of 1.44 gpt gold). One hundred meters to the north, the Mucho Oro Norte zone contained values from background to 6.3, 5.5 and 4.5 gpt gold and 192, 166 and 119 gpt silver also hosted in sericite/hematite altered brecciated sandstones from grab samples.
To view a map of the Tordillo Zone sampling visit: Tordillo Zone Sampling
http://tinyurl.com/obg6mfe
The Metallica Pesada Zone
Metallica Pesada zone adjoins Tordillo to the immediate north. Prospecting, geologic mapping and soil geochemistry has outlined a 3 x 3 km area with gold and silver mineralization. Mineralization occurs as veins, stockworks and breccia's hosted in regionally sericite-hematite altered sediments and argillic altered volcanics. Two hundred and eighty-two rock samples have been collected over Metallica Pesada. One hundred eighty-two samples returned gold greater than 50 ppb, 147 greater than 100 ppb (0.1 gpt gold) and 45 greater than 1000 ppb (1 gpt gold). High values for gold include: 33.3, 16.3, 13.9, 11.8, 8.2, 6.2 and 5.2 gpt. For silver, 84 samples were greater than 10 gpt, with 20 greater than 50 gpt with isolated high values of 3,390 and 1,495 gpt silver noted.
A soil survey collected 185 samples that outlined a 1.5 km by 200 to 500 meter wide northerly-trending gold/silver/arsenic soil anomaly (with 45 soils> 50 ppb ranging to 1.2 gpt gold) coincident with both the regional sericite-hematite altered sediments and the distribution of the rock samples. To view a map of the Metallica Pesada Zone sampling visit: Metallica Pesada Zone Sampling
http://tinyurl.com/q6ggcze
The Alamito Zone
Newly recognized, the Alamito zone lies southeast of both the Tordillo and Metallic Pesada zones within the axial part of the Promontorio Mineral Corridor. Follow up work during 2013 of previously known isolated gold and silver anomalies defined three anomalous zones.
One hundred and forty-two samples have been collected in the Alamito area. Gold from rock samples gave 63 greater than 50 ppb, 47 greater than 100 ppb and 13 greater than 1,000 ppb with high values of 44.5 10.7, 7.5 and 4.6 gpt. Visible gold was noted. Silver values samples resulted in 48 greater than 10 gpt, 10 greater than 50 gpt with high values of 2,780, 498, 331, 277 and 174 gpt. Mineralization is hosted in veins, stockworks, disseminations and hydrothermal breccias with quartz, sericite, hematite and tourmaline alteration.
The La Leona Zone
One hundred and forty-two samples have been collected in the La Leona area. Gold from rock samples gave 63 greater than 50 ppb, 47 greater than 100 ppb and 13 greater than 1,000 ppb with high values of 44.5 10.7, 7.5 and 4.6 gpt. Visible gold was noted. Silver values gave 48 greater than 10 gpt, 10 greater than 50 gpt with high values of 2,780, 498, 331, 277 and 174 gpt. Mineralization is hosted in veins, stockworks, disseminations and hydrothermal breccias associated with quartz, sericite, hematite and tourmaline alterations.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Securing J/V partnerships in Mexico and Canada on non core assets maximize potential for additional, new discoveries while maintaining minimal share dilution. Please visit: http;//www.kootenaysilver.com for more information
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
QA/QC
All sampling reported are grab rock samples unless otherwise indicated. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http;//www.kootenaysilver.com
http://ca.finance.yahoo.com/news/kootenay-provides-exploration-promontorio-satellite-140000400.html
KOOTENAY SILVER PROVIDES GEOLOGICAL UPDATE ON REGIONAL EXPLORATION AT THE CERVANTES CONCESSION
Feb 14, 2014
Kootenay Silver Inc. (TSX VENTURE: KTN.V; KOOYF) ("Kootenay") is pleased to provide an update on geological mapping and prospecting on its 100% owned Cervantes Gold/Copper Porphyry prospect located approximately 50 km northeast of its flagship Promontorio Silver resource in Sonora, Mexico. Based on geologic observations, the Company believes Cervantes has potential for hosting leachable gold resources, the thesis of which can be tested at a relatively low cost. The current work is part of a regional discovery program that is focused on multiple mineralized systems identified to the northeast and northwest of the Promontorio diatreme. The prospective systems form the basis of newly identified large mineralized belts trending northwest and northeast.
The multi-phase work program is being spearheaded by VP Exploration Dr. Tom Richards, P.Geo.
The Cervantes concession
Current work shows the Cervantes concession to be underlain by a suite of mineralization styles of which the California gold/copper porphyry is most significant. Important peripheral mineralized zones to the porphyry includes the sediment-hosted shear zone Brasil with polymetallic gold/silver, the Purisima specular hematite-sericite-barite-gold bearing breccias and high and low sulphidation epithermal veins and breccia's. The mineralized systems are hosted within Paleozoic fine-grained clastics intruded by high level, quartz-eye porphyritic intrusions. Mineralization is associated with major fault structures controlling a pull-apart basin.
The following are descriptions of the numerous prospects within the Cervantes concession.
To view a map of the Cervantes geology visit: Cervantes Map http://tinyurl.com/mjfcb7m
La Calfornia Gold/Copper Porphyry Prospect
A quartz-eye, feldspar porphyry intrusion hosts the gold and copper mineralization at La California. The intrusion is a NE-trending keel-like stock measuring approximately 2 km long and between 200-500 metres wide. The porphyry system is divided into two parts: the main part, California East Au/Cu porphyry lies to east of Cervantes Creek and the California West (Jasper Zone) porphyry lies to the west of the creek. The porphyry is epizonal as indicated by large (100m+) enclaves of host quartzite, intrusive breccias and miarolitic cavities.
La California East
The porphyry is highly fractured and marked by intense stockwork veining and locally by breccia zones. Alteration is dominantly quartz, sericite, pyrite and locally silicic (stockwork quartz veining and silica flooding). Textures of limonites goethite, jarosite and hematite within the stockwork system are indicative of a leached cap and are strongly suggestive of secondary copper enrichment at depth.
Gold and copper assays from prospector sampling were taken within a 500 x 500 metre area that is coincident with argillic and sericitic alteration and leach-cap limonites. Ninety prospector and chip samples were taken. Fifty-eight samples gave values greater than 100 ppb (0.1gpt), with high values of 19.0, 9.8, 9.0, 5.1 and 4.4 gpt gold. The average value of gold from the porphyry and its immediate surroundings is 1.03 gpt gold (and 351 ppb or 0.35 gpt for all samples less than 2 gpt). Copper averages 554 ppm (0.05%), values consistent with published values from other supergene enriched porphyries in southwest USA. Visible secondary copper minerals (malachite) were noted only outside the leach-cap weathering zone.
Historic exploration drilling of the California East porphyry concession was undertaken by Peñoles S.A.B. de C.V ("Peñoles") during 1996 and1997. Peñoles is reported to have drilled 14 holes. The only information recovered of this work is from third party reports and has not been verified by Kootenay and therefore not discussed.
To view a map of the Brasil sampling visit: California East Sampling http://tinyurl.com/p7fwoqb
California West Porphyry (Jasper Zone)
The extension of the main California East porphyry lies 300 metres to the west and is strongly sheared and argillized. Host rocks are comprised of quartz eye rhyolite porphyry and horrnfelsed Paleozoic dirty limestone/calcareous siltstones. Limited sampling (25 grab samples) gave values of gold from background to maximum values of 13.8, 1.85 and 0.68 gpt, silver up to 53 gpt and anomalous molybdenum (to 480 ppm). Copper (as secondary neotocite) and gold-silver mineralization are spatially associated with the porphyry Jasperoid and chalcedony occur both as replacement of country rock and pods of open-space infill's that appear suggestive of a retrograde alteration on the edges of a porphyry system. A series of NW-trending resistant quartz-hematite strataform ribs crop out to the immediate west of the jasperoid zones.
To view a map of the California sampling visit: California West Sampling http://tinyurl.com/pf8obwp
Brasil Polymetallic Gold/Silver Prospect Area.
The Brasil prospect lies 1200 metres south of the California porphyry, hosted within the Paleozoic sediments along a north-south trending fault that defines the east margin of the pull-apart basin. Gold-Silver-polymetallic mineralization has been noted within a 100 x 300m area associated with a series of near bedding parallel shears with argillization and erratic quartz veining accompanied by strong goethite, jarosite and hematite, often forming ocherous gossans. Individual mineralized shears are typically <1.5 metres thick, but the stacking of parallel shears over at least a 50 metre interval may provide a bulk-tonnage target. Thirty-two samples (mostly grab) have been collected over the Brasil area with 22 giving values of gold greater than 0.1 gpt and 11 greater than 1 gpt with highs of 11.5, 6.2, 4.3, 3.6, and 3.0 gpt. A single 116 gpt silver assay was noted with 13 greater than 10 gpt. Anomalous copper, lead and zinc accompanies the precious metal mineralization. The Brasil prospect is controlled by the same structures controlling the California porphyry and is interpreted to represent a distal phase of the porphyry-style mineralization.
Other Areas of Anomalous Mineralization: Cervantes Concession
Purisima: Two kilometres southwest of the California West porphyry lies a 2000 x 600 metre area occupied by strong to intense argillic and sericitic altered, specular hematite and barite cemented breccia's hosting anomalous gold and molybdenum. Of the 92 samples collected, 34 gave gold values greater than 100 ppb, 52 greater than 50 ppb and 70 greater than 25 ppb, indicating a large-scale zone of anomalous gold. Two, 1 metre chip samples gave values of 44.8 and 5.9 gpt gold from an old open-cut. Other anomalous values include 0.84, 0.68, 0.36 and 0.33 gpt gold. Silver values are uniformly low.
Cayo Norte: 400 metres north of the California East porphyry, reconnaissance exploration has noted epithermal silica veins and breccias hosting gold values from background to highs of 6.5, 6.4, 4.7, 4.2 and 1.4 gpt gold.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Securing J/V partnerships in Mexico and Canada on non core assets maximize potential for additional, new discoveries while maintaining minimal share dilution.
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147K oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
QA/QC
All sampling reported are grab rock samples unless otherwise indicated. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
-30-
For additional information, please contact:
James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/s/NewsReleases.asp?ReportID=622967&_Type=News-Releases&_Title=KOOTENAY-PROVIDES-GEOLOGICAL-UPDATE-ON-REGIONAL-EXPLORATION-AT-THE-CERVANTE
Kootenay Silver Proves Up 92 Million Ounces in Mexico
VANCOUVER, British Columbia, Feb 05, 2014 (GLOBE NEWSWIRE via COMTEX) -- While many metal exploration companies struggled in 2013, Kootenay Silver (KTN.V; KOOYF) built a 92 million ounce resource and forged a partnership with Agnico-Eagle Mines who invested $4.7 million after a six month due diligence on the project.
Agnico-Eagle is a $5.2 billion company with global operations. Its 2013 production guidance was 1,060,000 oz of gold at a cash cost of $690 an ounce. AEM has declared a cash dividend for 31 consecutive years.
"We are pleased to be involved with the advancement of Promontorio," stated Sean Boyd, President and CEO of Agnico-Eagle, "a project that will continue to benefit from Kootenay's capable exploration team."
Kootenay's President and CEO, Jim McDonald, is an executive and geologist who was a key player in the development of National Gold, which merged with Alamos Minerals. McDonald was also President of Genco Resources which operated an underground silver mine in Mexico.
There are currently 6 billion ounces of gold above ground and only 1 billion ounces of silver. In 2013 the U.S. Mint sold 42 million Silver Eagle Bullion Coins, setting a new annual record. The iShares Silver Trust is up 5% already this year.
"There is a limited downside risk for the international price of silver," states Praveen Singh, a senior commodities analyst, in a recent interview with Economic Times. When the silver market recovers, silver explorers with proven resources in stable mining jurisdictions will see dramatic stock price increases.
Kootenay Silver's flagship asset is Promontorio, located in the state of Sonora, Mexico, approximately 75 km northeast of Ciudad Obregon.
The mineralization at Promontorio is hosted in a diatreme breccia complex, measuring 3.5 by 1.8 km in size. Diatreme complexes are known to host monster deposits of precious and base metals. Mexican examples include the Penasquito project with 17.8 million Proven & Probable ounces of silver, and the Pitarrilla project with 643M oz. of Measured & Indicated Silver.
A Breccia is fragmented rock which has been fused together by minerals. Breccia fragments provide multiple sites for the crystallization of precious metals.
At Promontorio, the mineralization is centered on multi-stage breccias and peripheral stock-work zones. Drilling has been concentrated at the Pit and NE zones. Both zones are open along strike and at depth - offering the potential for significant resource expansion.
"Mexico is a mature mining jurisdiction with high mineral endowments and high discovery rates," explains McDonald. "In a short period of time Kootenay has proven up 92 million measured and indicated ounces."
The Promontorio property has been mined historically going back to the 1920s. A small open pit open pit operation ran from 1988-1991, extracting about 50,000 tonnes of ore.
"Two things attracted us to the Promontorio project," states McDonald, "One - good grades from historical drilling. Secondly - it appeared to be a Breccia-hosted ore as opposed to a vein type deposit. This gave us confidence that the mineralisation has the potential to expand into a large tonnage deposit."
In the fall of 2013, PI Financial, part of the Capital Markets Group, issued a "Buy Recommendation" for Kootenay Silver with a price target of $1.00.
"This [latest] round of drilling is focused on delineating a new high grade breccia zone between the historic Promontorio Pit and the NE Zone," states the PI Financial Report. "The highlight hole outlined 25m of 183g/t Silver-equivalent."
On December 12, 2013 KTN announced assay results from a further fifteen drill holes reporting continued high-grade results within the Pit and NE Zones. A further 5,500 meters of drilling have been completed, bringing the total drilled since November 2012 to 21,500 meters.
"Results have been remarkably consistent throughout the current phase, generating multiple high-grade hits within broad zones of widespread mineralization," states McDonald. "Drilling continues to establish continuity of mineralization between the two main zones. Gold grades are increasing in the Central Breccia area underscoring the complexity and potential of Promontorio's large diatreme system."
Following extensive metallurgical testing conducted by ALS Minerals of Kamloops KTN's current NI 43-101 Resource Estimation includes gold assay results. The testing confirmed that a post pressure oxidation treatment process can achieve 94.5% gold recoveries.
"We are currently designing what the next drill program will look like," states McDonald. "Although there are a number of attractive secondary and tertiary targets on the property, we are going to focus on the Central Breccia area between the NE and Pit Zones because this is our shortest path to an economic mine."
Prior to 1900, the Gold/Silver ratio averaged about 16:1. In 1975 it was 40:1. Today the ratio is 62:1. A reversion to the historical Gold/Silver ratio would value silver at $78/ounce - 390% higher than today's price.
Kootenay Silver is currently trading at .60 with a market cap of $37.6 million.
CONTACT: Kootenay Silver Inc.
Suite 1820 - 1055 W. Hastings St.
Vancouver, British Columbia
Canada V6E 2E9
604-601-5650
1-888-601-5650
FAX: 604-683-2249
investor@kootenaysilver.com
http://www.marketwatch.com/story/kootenay-silver-proves-up-92-million-ounces-in-mexico-2014-02-05?
early market liked this one
I note the 4 drills completed and pending for future news
Kootenay Silver hits 218 gpt Silver Eqv over 45 meters (107 gpt Ag, 0.99 Au, 2.83% Pb+Zn) including 415 gpt Silver Eqv over 22 meters (209 gpt Ag, 1.78 Au, 5.42% Pb+Zn) as drilling extends new Promontorio high-grade zone
Shares Outstanding: 62,808,850
VANCOUVER , Nov. 13, 2013 /CNW/ - Kootenay Silver Inc. (TSX VENTURE:KTN.V; OTC:KOOYF) ("Kootenay") is pleased to announce assay results from a further three drill holes as part of its ongoing, multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. Current drilling is focused on a series of high-grade silver intercepts recently identified within breccia silver mineralization situated between the Pit and NE Zones. (See June 4, 2013 news release). The Company reports drilling continues to encounter high-grade mineralization. At present, results are pending on 14 additional drill holes that have been completed and will be reported on as results are received and compiled.
Drilling Highlights:
DH 193 Returned: 218 gpt Silver Eqv. Over 45.0 Meters (107 gpt Ag, 0.99 Au, 2.83% Pb+Zn)
• Including 415 gpt Silver Eqv. Over 22.0 Meters (209 gpt Ag, 1.78 Au, 5.42% Pb+Zn)
DH 189 Returned: 152 gpt Silver Eqv. Over 49.0 Meters (63 gpt Ag, 0.88 Au, 2.06% Pb+Zn)
• Including 333 gpt Silver Eqv. Over 12.0 Meters (122 gpt Ag, 2.48 Au, 3.81% Pb+Zn)
States Kootenay Silver President and CEO James McDonald "We are extremely pleased with current drill results. The current drill intercepts are contained within the project's 1.5 km, Single Whittle Pit Shell and show the high-grade breccia zone extending an additional 75 meters down dip to depth in previously untested areas of the Northeast zone. The holes sit adjacent to and outside of the inferred resource blocks. The extension of this priority zone stands to play a major factor in our ongoing resource expansion, as we continue to hit high grades and build continuity of mineralization in this newly recognized corridor of mineralized breccia."
Table of the full results follows:
*AgEq
(Ag,
Au,
Pb,
Hole ID Target From To Interval Zn) Ag Au Pb Zn Pb+Zn
(m) (m) (m) (gpt) (gpt) (gpt) (%) (%) (%)
DH-189-13 NE Zone 124.00 129.00 5.0 64 28 0.23 0.51 0.63 1.14
DH-189-13 NE Zone 180.00 184.00 4.0 106 59 0.08 0.85 1.26 2.10
DH-189-13 NE Zone 277.00 280.00 3.0 101 35 0.28 0.54 2.03 2.56
DH-189-13 NE Zone 338.00 345.00 7.0 69 30 0.13 0.76 0.80 1.57
DH-189-13 NE Zone 353.00 362.00 9.0 78 35 0.22 0.83 0.67 1.50
DH-189-13 NE Zone 368.00 417.00 49.0 152 63 0.88 1.09 0.97 2.06
Including NE Zone 372.00 384.00 12.0 333 122 2.48 2.08 1.73 3.81
DH-189-13 NE Zone 428.00 452.00 24.0 101 45 0.44 0.79 0.78 1.57
Including NE Zone 428.00 438.00 10.0 199 86 0.95 1.49 1.55 3.04
DH-193-13 NE Zone 285.00 291.00 6.0 144 60 0.81 0.69 1.36 2.04
DH-193-13 NE Zone 297.00 342.00 45.0 218 107 0.99 1.32 1.51 2.83
Including NE Zone 303.00 325.00 22.0 415 209 1.78 2.46 2.96 5.42
DH-194-13 NE Zone 139.00 144.00 5.0 61 31 0.09 0.49 0.72 1.21
DH-194-13 NE Zone 298.00 301.00 3.0 69 21 0.44 0.65 0.57 1.22
DH-194-13 NE Zone 306.00 311.00 5.0 122 66 0.36 0.92 0.87 1.79
Including NE Zone 309.00 311.00 2.0 262 153 0.47 2.16 1.91 4.07
DH-194-13 NE Zone 321.00 354.00 33.0 58 24 0.35 0.40 0.37 0.77
Including NE Zone 332.00 337.00 5.0 125 52 0.76 0.74 0.82 1.56
DH-194-13 NE Zone 381.00 427.00 46.0 56 22 0.36 0.43 0.30 0.72
Including NE Zone 395.00 399.00 4.0 142 68 0.48 1.53 0.82 2.36
Including NE Zone 413.00 424.00 11.0 89 23 0.93 0.42 0.40 0.82
Including NE Zone 421.00 424.00 3.0 174 23 2.53 0.40 0.41 0.81
*Assuming 100% Metallurgical Recovery
*Prices used in Silver Equivalent (AgEq) Calculations:
Ag dollars/Oz: $31.00
Au dollars/Oz: $1,650.00
Pb dollars/lb: $0.97
Zn dollars/lb: $0.89
*Drill hole intervals were selected using a cutoff grade of 25gpt
AgEq with an internal dilution of 5m at 10gpt and edge grade of
15gpt.
Results for Drill holes DH-190-13 to DH-192-13 were reported on
October 23, 2013.
PI Financial Updates Buy Recommendation on Kootenay Silver - Video Summary on Investmentpitch.com (KTN.V ~ KOOYF)
http://finance.yahoo.com/news/pi-financial-updates-buy-recommendation-224004297.html
Kootenay Silver Hits 183 gpt Silver Eqv over 25 Meters (94 gpt Ag, 0.75 Au, 2.41% Pb+Zn) Including 305 gpt Silver Eqv Over 5 Meters (162 gpt Ag, 0.83 Au, 4.83% Pb+Zn) as Drill Program Continues on Promontorio High-Grade Zone
Shares Outstanding: 62,808,850
VANCOUVER, October 23, 2013 /PRNewswire/ -- Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC: KOOYF) ("Kootenay") is pleased to announce assay results from a further 3 drill holes as part of its ongoing multi-phase drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The current phase of drilling is focused on a series of high-grade silver intercepts recently identified within a new breccia zone of silver mineralization situated between the Pit and NE Zones. (See June 4, 2013 news release). All 3 holes intercepted significant mineralization. There are currently 7 additional holes finished that are either in the assay laboratory for processing or being prepared on site for delivery to the assay laboratory.
Drilling Highlights:
DH 191 Returned: 183 gpt Silver Eqv. Over 25.0 Meters
* Including 305 gpt Silver Eqv. Over 5.0 Meters
* Including 325 gpt Silver Eqv. Over 3.0 Meters
Kootenay Silver Announces Drill Program Underway on Promontorio. Current Phase of Drilling to Target New High-Grade Silver Zone
Shares Outstanding: 62,808,850
VANCOUVER, Sept. 18, 2013 /CNW/ - Kootenay Silver Inc. (TSX VENTURE: KTN.V; OTC:KOOYF) is pleased to announce the resumption of drilling on its flagship Promontorio Silver Project in Sonora, Mexico. Two drill rigs have been deployed and are currently operating on site. The Company will conduct a minimum of 5,000 meters of drilling in the current phase, as part of its ongoing, multi-phase, 2013 drill and resource expansion program on Promontorio. Core drilling will target a series of high-grade silver intercepts recently identified within a new breccia zone of silver mineralization situated between the Pit and NE Zones (See June 4, 2013 news release).
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) was conducted by SRK Consulting Inc. (U.S.) of Lakewood, Colorado and contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
QA/QC
Drilling will be HQ sized diamond drill core and has been contracted to B.D Drilling Mexico, S.A. de C.V of Guadalajara, Mexico. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
Subject to the approval of the TSX Venture Exchange, Kootenay has issued an aggregate total of 1,968,000 incentive stock options, which are exercisable for a period of five years at an exercise price of $0.66 to directors, officers and consultants of the company.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
SOURCE: Kootenay Silver Inc.
Contact:
James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://ca.finance.yahoo.com/news/kootenay-announces-drill-program-underway-153800362.html
Kootenay Silver Announces Drilling to Commence on Promontorio - Program to Target New High-Grade Zone between Pit and NE Zones
Shares Outstanding: 62,808,850
VANCOUVER , Sept. 4, 2013 /CNW/ - Kootenay Silver Inc. (TSX VENTURE:KTN.V; OTC:KOOYF) is pleased to announce the next phase of drilling on its flagship Promontorio Silver Project in Sonora, Mexico is scheduled to officially commence Sept 12 , 2013. The Company will conduct a minimum of 5,000 meters of drilling in the current phase, as part of its ongoing, multi-phase, 2013 drill and resource expansion program on Promontorio. Core drilling will focus on a series of high-grade silver intercepts recently identified within a new breccia zone of silver mineralization situated between the Pit and NE Zones. (See June 4, 2013 news release)
States Kootenay Silver President and CEO James McDonald "Supported by recent analysis of data from our ongoing work programs, the current phase of drilling has emerged as a much anticipated event for Promontorio. The newly identified high-grade silver zone, situated between the Pit and NE Zones, remains open, both peripheral to, and at depth, to the known calculated resource. Moreover, the new zone falls within the parameters of the Project's recently modified, single optimized Pit model, offering potential to add substantial additional ounces to our current silver Eqv. resource and enhance the project's overall economics."
THE CURRENT RESOURCE ESTIMATE UTILIZES ONE LARGE OPTOMIZED PIT AS OPPOSED TO TWO SMALLER PITS AS REPORTED IN THE AUGUST 2012 RESOURCE ESTIMATE
The current NI 43-101 Resource Estimation conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado (See May 14, 2013 news release), included gold assay results in the updated resource estimation. As a result of the addition of gold, the mineral resource is now contained in a single larger optimized Whittle Pit, as opposed to two individual smaller pits as reported in the August 21, 2012 resource estimate. The decision to include gold in the resource estimation follows extensive metallurgical testing and technical analysis conducted by ALS Minerals of Kamloops, British Columbia that confirmed up to 94.5% recovery of gold from pyrite concentrates from the Promontorio resource can be achieved using a post pressure oxidation treatment process.
Current NI 43-101 Compliant Silver Resource
The current mineral estimate on Promontorio effective date March 31, 2013 (See May 14, 2013 news release) contains a combined Measured and Indicated silver resource of 92,428,000 silver equivalent ounces (39.9M oz's Ag, 508K oz's Au, 394.8M lb's Pb, 462.2M lb's Zn). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the Inferred category (12.8M oz's Ag, 147 oz's Au, 99.5M lb's Pb, 109.1M lb's Zn). Measured and Indicated resources are contained in open pit resources of 44,504,000 tonnes grading an average of 64.32 gpt silver equivalent (27.77 gpt Ag, 0.35 gpt Au and 0.87% Pb+Zn) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 gpt silver equivalent (22.89 gpt Ag, 0.28 gpt Au and 0.95% Pb+Zn). Inferred resources are within open pit resources of 14,564,000 tonnes grading an average of 51.95 gpt silver equivalent (24.95 gpt Ag, 0.28 gpt Au and 0.59% Pb+Zn) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 gpt silver equivalent (26.57 gpt Ag, 0.37 gpt Au and 0.74% Pb+Zn).
The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.
ABOUT KOOTENAY
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada . Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico . Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution. Please visit http://www.kootenaysilver.com for more information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Contact:
James McDonald,
CEO and President at 403-238-6986
Ken Berry, Chairman
at 604-601-5652; 1-888-601-5650
http://finance.yahoo.com/news/kootenay-announces-drilling-commence-promontorio-133000793.html
They are still plugging along. They will eventually have their day in the sun IMHO.
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