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Yes Dan...am aware...and we should be active, and it appears we are not?
<<<Hmmm...what's going on? Are things halted?? My TDA streamer has an 1:1 EX.... ??>>>
Hi gandalf, here's what is going on...
https://www.kootenaysilver.com/news/kootenay/2021/kootenay-silver-announces-effective-date-of-spin-out-transaction
Hmmm...what's going on? Are things halted?? My TDA streamer has an 1:1 EX.... ??
KOOTENAY SILVER ANNOUNCES EFFECTIVE DATE OF SPIN-OUT TRANSACTION
Vancouver, BC – October 27, 2021 – Kootenay Silver Inc. (“Kootenay” or the “Company”) (TSXV: KTN; OTC: KOOYF) is pleased to announce that further to its press releases dated August 10, 2021 and September 17, 2021, the Company intends to make the previously announced spin-out transaction of the Company effective at 12:01 a.m. (Vancouver time) on October 29, 2021 (the “Effective Date”). The Company has received a final order from the Supreme Court of British Columbia dated September 21, 2021, and shareholder approval pursuant to an annual and special meeting of the Company held on September 15, 2021, to implement the spin-out of 80% of the Company interest in mineral exploration assets located in Canada to its shareholders by way of a share capital reorganization effected through a statutory plan of arrangement (the “Arrangement”) with Kootenay Resources Inc. (“Spinco”), a wholly-owned subsidiary of the Company. Pursuant to the Arrangement, the holders of common shares of the Company on October 28, 2021 will receive one new common share of the Company (each, a “Kootenay Silver Share”) and 0.04 common shares of Spinco (each, a “Spinco Share”). The existing common shares of the Company are expected to be delisted from the TSX Venture Exchange (the “TSXV”) at the close of business on October 28, 2021. The Kootenay Silver Shares are expected to commence trading on the TSXV at the market open on October 29, 2021. The CUSIP numbers of the Kootenay Silver Shares and the Spinco Shares will be 500583703 and 50058V107, respectively.
Computershare Investor Services Inc. (“Computershare”) will forward replacement share certificates or electronic statements to each registered Company shareholder that is entitled to receive them, representing their allotted number of Kootenay Silver Shares and Spinco Shares in accordance with the Arrangement. Letters of transmittal have been mailed to registered holders of common shares of the Company, which must be completed and returned to Computershare together with the share certificates of the Company at the address specified in the letter of transmittal, in order for Company shareholders to receive Kootenay Silver Shares and Spinco Shares following the Effective Date. A copy of the letter of transmittal is also available under the Company’s profile on SEDAR at www.sedar.com.
For further details of the Arrangement, please refer to the Company’s management information circular dated August 12, 2021, which is filed on SEDAR under the Company’s profile. The Arrangement remains subject to the final approval of the TSXV.
About Kootenay Silver Inc.
Kootenay 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 junior 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 its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
On behalf of the board of directors of the Company:
James McDonald, CEO and President
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Raj Kang, CFO at 604-601-5653; 1-888-601-5650
or visit: www.kootenaysilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://www.kootenaysilver.com/news/kootenay/2021/kootenay-silver-announces-effective-date-of-spin-out-transaction
KOOTENAY EXPANDS LAND POSITION AT COLUMBA HIGH-GRADE SILVER PROJECT, MEXICO
October 14, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce it has significantly increased its land holdings contiguous to the original Columba High-Grade silver Project, located in Chihuahua State, Mexico. The Company’s new area of interest will now expand from just under 1,000 hectares to more than 10,000 hectares with the application of a new concession surrounding the Columba project.
James McDonald, President & CEO, commented []i“We are very pleased to substantially increase our land position surrounding the original Columba project, which continues to yield high-grade silver intercepts from several areas on the property. As a result, the Company believes the newly expanded Columba land package represents an excellent district-scale exploration opportunity that will provide potential for high-grade silver discoveries.”
Application for the new 10,825 hectare concession is in response to the excellent results from the Company’s 2021 exploration program indicating that the mineral system and extent of silver rich veins is much more extensive than what is seen at surface. Results from drilling and mapping completed by the Company have significantly extended several potential mineralized structures laterally along strike within several prospective areas at Columba.
Recently released drill holes such as CDH-21-103 from the JZ Trap zone have increased management’s belief in the potential for a large resource of high-grade silver and the desire for more mineral rights.
CDH-21-103 (see press release dated October 6, 2021) intercepted 2,035 gpt silver over 6 meters within 808 gpt silver over 17 meters and a wider width interval of 333 gpt silver over 44 meters, in the JZ Vein Area; representing a very prospective high-grade target at Columba. Additional drill highlights in the JZ Area include intercepts found in hole CDH-20-030 (415 gpt silver over 11.15 meters including 721 gpt silver over 4.07 meters) and hole CDH-20-060 (132 gpt silver over 64 meters including 361 gpt silver over 11 meters including 608 gpt silver over 5.0 meters, and 1,160 gpt silver over 1.0 meters all within 229 gpt silver over 22 meters).
Two other areas of immediate interest for the Company at Columba include the F Vein and B Vein Areas. Highlights of previous drilling along the F Vein including its hanging-wall system include holes CDH-19-041 (650 gpt silver over 7.45 meters within a wider interval of 159 gpt silver over 39.9 meters) and CDH-20-051 (865 gpt silver over 2 meters within a wider interval of 317 gpt silver over 6 meters in the hanging-wall vein adjacent to the F Vein). Potential of the B Vein is highlighted by hole CDH-20-084 which returned a high-grade drill interval of 1,186 gpt silver over 4.6 meters within a wider interval of 112 gpt silver over 70.5 meters.
Click to view all Columba drill results to date ( https://bit.ly/3p5T0EW ).
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.
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.
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 and approved on behalf of 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 junior 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 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: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2021/kootenay-expands-land-position-at-columba-high-grade-silver-project-mexico
Kootenay Silver Reports Best Columba Intercept To Date
2,035 gpt silver over 6 meters within wider intervals of 805 gpt silver over 17 meters and
333 gpt silver over 44 meters featuring a project high 9,840 gpt silver over 0.92 meters
VANCOUVER, BC, Oct. 6, 2021 /PRNewswire/ - Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce results for 6 additional drill holes from the Columba High-Grade Silver Project in Chihuahua State, Mexico. These holes, CDH-21-102 to CDH-21-107, test across the J-Z trap zone some 700 meters east of the F vein.
Importantly CDH-21-103 is the third hole that appears to be defining a very high-grade mineralized body intersected now in 3 holes and defining a zone in drilling thus far in a 40 by 60 meter east west orientation with at least 80 meters of dip extent. The body appears to be pipe like in shape and plunge moderately to the northeast and is open up and down dip.
This particularly high-grade zone of hydrothermal breccias and stockwork in CDH-21-103 has now been hit in three holes as follows.
Previously released:
Hole CDH-19-030
* 982 gpt silver over 1.9 meters within 721 gpt silver over 4.07 meters and 200 gpt silver over 25.85 meters and
Hole CDH-20-060
* 608 gpt silver over 5 meters within 361 gpt silver over 11 meters and 229 gpt silver over 22 meters
And from this release:
Hole CDH-21-103
* 2,035 gpt silver over 6 meters within 805 gpt silver over 17 meters and 333 gpt silver over 44 meters.
* A project high assay of 9,840 gpt silver over 0.92 meters.
3D model of Columba featuring the JZ Trap Zone and select high-grade intercepts(Click to view)
Click to view plan map and cross sections (Holes CDH-21-103, 106, 107).
Kootenay President and CEO, James McDonald states, "This is a very exciting hit in hole 103 being the best drill hole to date. It indicates the high grades in holes 30 and 60 have continuity and show a vector in which to follow and expand this very high-grade zone. This certainly bolsters our confidence that the JZ area is another area on the property where high grade resource may be put together."
Gustavo Gallego, Kootenay's Chief Geological Engineer added "The hard work and commitment of our technical team has led us to the discovery and definition of the high-grade trap zone trend, we look forward to phase 4 drilling to be able to extend this zone and continue finding high silver grades at the same time that we discovered, defined and expanded the different targets at Columba. We reiterate our gratitude to our corporate office for allowing us to develop and execute our hypotheses."
Also of importance is the intercept in CDH-21-106 of 316gpt silver over 4 meters including 406gpt silver over 2 meters. This intercepted the O Vein some 300 meters along strike of hole CDH-21-101 which hit 459gpt silver over 1.6 meters with 1,190gpt silver over 0.5 meters. These two holes appear to have both hit the O Vein opening up another large area of strike potential. Hole CDH-21-107 likely hit O Vein with 111 gpt silver over 5.5 meters. Other holes in the East Block are interpreted to have hit the structure too high to encounter good silver grades.
The East Block has only been explored in the current phase 3 drill program. Results were released recently in the Company's August 26, 2021 news release. Exploring the area converging the J-Z Zone and East Block, the J-Z Trap Zone, will further elucidate the continuity, strike length, and existence of substantive high-grade mineralization.
Drill Highlights – Holes CDH-21-102 to CDH-21-107:
CDH-21-103
* 805 gpt silver over 17 meters within 333 gpt silver over 44 meters including:
* 2,035 gpt silver over 6 meters within 1,201 gpt silver over 11 meters; and a high of
* 9,840 gpt silver over 0.92 meters
CDH-21-104
* 154 gpt silver over 2.45 meters within 100 gpt silver over 5 meters; and
* 168 gpt silver over 2.5 meters within 124 gpt silver over 4.12 meters; and
* 800 gpt silver over 1 meter
CDH-21-105
* 288 gpt silver over 2 meters within 174 gpt silver over 2.5 meters
CDH-21-106
* 417 gpt silver over 2 meters within 316 gpt silver over 4.0 meters; and
* 34 gpt silver over 21 meters
Detailed Drill Results – CDH-21-102 to CDH-21-107
(click on link below to view the table)
Notes: All widths are drilled widths. At this time the true width is not yet known in this new area as more holes are needed. All silver composites rounded to the nearest whole number.
Further results from the 2021 - Phase 3 Drill Program will be released as they are received and analysed by the Kootenay team.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.
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.
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 and approved on behalf of 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 junior 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 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: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2021/kootenay-silver-reports-best-columba-intercept-to-date
KOOTENAY SILVER REPORTS BEST COLUMBA INTERCEPT TO DATE
October 6, 2021 Download PDF
2,035 gpt silver over 6 meters within wider intervals of 805 gpt silver over 17 meters and 333 gpt silver over 44 meters featuring a project high 9,840 gpt silver over 0.92 meters
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce results for 6 additional drill holes from the Columba High-Grade Silver Project in Chihuahua State, Mexico. These holes, CDH-21-102 to CDH-21-107, test across the J-Z trap zone some 700 meters east of the F vein.
Importantly CDH-21-103 is the third hole that appears to be defining a very high-grade mineralized body intersected now in 3 holes and defining a zone in drilling thus far in a 40 by 60 meter east west orientation with at least 80 meters of dip extent. The body appears to be pipe like in shape and plunge moderately to the northeast and is open up and down dip.
This particularly high-grade zone of hydrothermal breccias and stockwork in CDH-21-103 has now been hit in three holes as follows.
https://www.kootenaysilver.com/news/kootenay/2021/kootenay-silver-reports-best-columba-intercept-to-date
KOOTENAY SILVER ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING
Vancouver, BC – September 17, 2021 – Kootenay Silver Inc. ("Kootenay" or the "Company") (TSXV: KTN; OTC: KOOYF), is pleased to announce the results of its annual and special meeting of shareholders (the "Meeting") held on September 15, 2021. At the Meeting, the shareholders of the Company approved all resolutions placed before them by management as set out in the Company's management information circular dated August 12, 2021, including: (i) fixing the number of directors at five and electing Kenneth E. Berry, James M. McDonald, Brian Groves, Jon Morda and Antonio Reda as directors of the Company for the ensuing year; (ii) the re-appointment of MNP LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year at a remuneration to be fixed by the directors; (iii) the ratification of the Company's stock option plan; (iv) the adoption of a share unit plan and deferred share unit plan for the Company; (v) the statutory plan of arrangement (the "Plan of Arrangement") among the Company, the Company's securityholders and Kootenay Resources Inc. ("Spinco"), a wholly-owned subsidiary of the Company; and (vi) the adoption of a rolling 10% stock option plan, share unit plan and deferred share unit plan for Spinco.
The Plan of Arrangement still remains subject to Court and final TSX Venture Exchange approvals. Additional details regarding the Effective Date of the Plan of Arrangement will be provided in a subsequent press release once all approvals have been obtained.
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 junior 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 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
Raj Kang, CFO at 604-601-5653; 1-888-601-5650
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-silver-announces-results-of-annual-and-special-meeting
News should be out any day now, regarding the vote, and how $KOOYF will proceed with the spin-off. Does anyone else think that they may have already been offered a deal for one half or the other half (of the company), "post spin-off"...???
Kootenay Silver Drilling Intersects over 1,000 gpt Silver within Potential New High-grade Area at Columba Silver Project, Mexico
August 26, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to report the discovery of a potential new high-grade zone known as the East Block within the Columba Silver Project, located in Chihuahua State, Mexico. During expansion drilling east of the JZ Zone as part of the 2021 phase 3 drill program, Hole CDH-21-101 returned results indicative of high-grade areas on the Property seen in the F, B and D Veins and JZ zone. Phase 3 drilling is complete with 12 holes from the JZ Trap area, B and D Veins that remain to be reported. Further results will be released once final assays are received.
Drill Highlights to Hole CDH-21-101
* 459 gpt silver over 1.6 meters including
- 1,190 gpt silver over 0.5 meters and
- 127 gpt silver over 1.1 meters
Jim McDonald, CEO & President, states “Congratulations to our team for the outstanding geologic work leading to an exciting new area with high grade silver potential. This extension to the Columba veining occurs under the surface of an area which appears to be barren and adds to the numerous other high-grade zones and potential identified to date. We look forward to further testing of this exciting new area.
Detailed Drill Results – CDH-21-097 to CDH-21-101
click on link below to view table
Notes: All widths are drilled widths. At this time the true width is not yet known in this new area as more holes are needed. All silver composites rounded to the nearest whole number.
Links to Cross Section of Hole CDH-21-101 ( https://bit.ly/2XZ6HKu ) and plan map ( https://bit.ly/2Y0WRYw ).
Mapping by Kootenay’s geological team recognized that the Columba vein system continues further east across a fault which puts the system slightly deeper than previously considered. Five holes were drilled into this block to see if the narrow structures at surface with weak silver content contained significant quartz veining with grade deeper down. This is a pattern associated with several other veins found throughout the property. The deeper of the five holes hit high grade silver over 1,000 gpt indicating the East Block follows the mineral pattern confirmed elsewhere on the property where silver grades improve with depth. Four of the five drill holes hit silver mineralization, indicating good potential for expanding the size of the high-grade East Block area at Columba. Mapping showed a strike extension of 350 to 500 meters in four different parallel structures.
Additional drilling is required in the East Block to confirm the presence of a high-grade deposit. However, there is opportunity to significantly expand the size of the Project’s impressive potential in a new and previously untouched area.
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 and approved on behalf of 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 junior 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 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: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-silver-drilling-intersects-over-1000-gpt-silver-within-potential-new-high-grade-area-at-columba-silver-project-mexico
You think spinning out a sub penny stock that is not in production is a good idea???
Only 80% creates a taxable event! Better to do 100% and 50% of your cash!
I'd reduce Mexican wages and benefits of those Non salaried employee's who get paid more to cover the cost of Implementing this " $141.70 Mexican pesos mandate".
If you could have sold the Canadian property, I'm assuming you would have.
KOOTENAY SILVER ANNOUNCES SPIN-OUT OF CANADIAN ASSETS
Vancouver, BC – August 20, 2021 – Kootenay Silver Inc. (“Kootenay” or the “Company” TSXV: KTN; OTC:KOOYF), is pleased to announce that its board of directors has unanimously approved a spin-out of 80% of the Company’s Canadian exploration assets (the “Canadian Assets”), to its shareholders by way of a share capital reorganization effected through a statutory plan of arrangement (the "Arrangement"). The Canadian Assets are held through Kootenay’s wholly-owned subsidiary, Kootenay Resources Inc. ("Spinco"). Under the Arrangement, Kootenay will distribute 80% of the common shares (each, a "Spinco Share") of Spinco to Kootenay’s shareholders. Once the Arrangement becomes effective, which will be triggered by the board of Kootenay, Kootenay shareholders will ultimately own shares in two public companies: Spinco, which will focus on the development of the Canadian Assets, and Kootenay, which will continue with the exploration and development of its Mexican assets.
James McDonald, Kootenay’s President and CEO stated, "We believe the spin-out of the Canadian Assets will be very beneficial to shareholders. Among other benefits, it will unlock the value of the Canadian Assets by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two companies."
Under the Arrangement, Kootenay's current shareholders will receive Spinco Shares by way of a share exchange, pursuant to which each existing common share of Kootenay will be exchanged for one new common share of Kootenay (each, a “New Kootenay Share") and 0.04 of a Spinco Share. Under the Plan of Arrangement, outstanding options and warrants to purchase common shares of the Company will be adjusted or replaced so that upon exercise, holders will receive one New Kootenay Share and 0.04 Spinco Shares for each option or warrant exercised.
The reorganization will be effected pursuant to the arrangement provisions of the Business Corporations Act (British Columbia), and must be approved by the Supreme Court of British Columbia and by the affirmative vote of 66 2/3% of Kootenay's shareholders at a shareholders’ meeting to be held on September 15, 2021 (the "Meeting"). Upon receipt of approval from the shareholders of Kootenay and Supreme Court approval of the spin-out, Kootenay’s board will determine a trigger date for Spinco to complete a financing by way of private placement, rights offering or other means, and apply for a listing on the TSX Venture Exchange (the “TSXV”) or other Canadian stock exchange.The trigger date is anticipated before the end of 2021.
Kootenay expects that the Arrangement will increase shareholder value by allowing capital markets to ascribe value to the Canadian Assets independently of the other properties held by Kootenay. The spin-out will provide new and existing shareholders more flexibility as to their specific investment strategy and risk profile. Kootenay also believes that having a separately funded early-exploration business will accelerate development of the Canadian Assets.
Completion of the Arrangement is subject to a number of conditions, including the following:
* Kootenay shareholder approval at the Meeting;
* the approval of the Supreme Court of British Columbia; and
* TSXV approval for the Arrangement by Kootenay and the substitutional listing of the New Kootenay Shares in place of the existing Company common shares.
On August 10, the TSXV conditionally accepted the terms of the Arrangement, subject to standard conditions including court and shareholder approval.
Upon completion of the Arrangement, it is intended that Spinco will be managed by James McDonald, as the President and Chief Executive Officer and Rajwant Kang, as the Chief Financial Officer. Spinco’s board of directors will consist of James McDonald, Rajwant Kang and Kenneth Berry. Changes and additions to the management team and board will be made as needed as the Canadian Assets progress.
Additional details of the spin-out transaction will be included in an information circular to be mailed to shareholders of Kootenay in August, 2021 in connection with the Meeting. The Arrangement is expected to close on or about September 30, 2021.
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 junior 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 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
Raj Kang, CFO at 604-601-5653; 1-888-601-5650
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-silver-announces-spin-out-of-canadian-assets
Hey basserdan, I like the news and market action here. BTW
love your legacy thread posts. Getting the word out, I am as well.
Heading for support. Will it hold? Hint of big outlay of money leads me to think not.
https://www.kootenaysilver.com/
Q1
https://www.kootenaysilver.com/assets/docs/financials/KTN_FS_Mar31_2021.pdf
KOOTENAY SILVER HIRES BLUE COAST RESEARCH LTD. FOR METALLURGICAL TESTING ON LA NEGRA SILVER MINERALIZATION
July 15, 2021
Kootenay Silver Inc. (TSXV:KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce that Blue Coast Research Ltd. has been contracted to conduct metallurgical testing on Kootenay’s 100% owned La Negra silver discovery, situated 7 km north of the Company’s Promontorio Resource located in the state of Sonora, Mexico.
The purpose of the metallurgical work (the “Program”) is to further investigate the best recovery process for La Negra mineralization. Results from the Program will be used by the Company to advance La Negra along the path towards an initial mineral resource estimate and a preliminary economic assessment (PEA). Work will include:
* Sample characterization including QEMSACN mineralogy.
* Bond Ball Work Index test and grind calibration testing.
* Cyanidation Testwork including kinetic bottle roll and coarse kinetic bottle roll tests.
* Flotation Testwork including bench scale rougher floatation tests and a locked cycle test.
The above tests will help determine the preferred process for recovery of La Negra silver mineralization, whether it be whole ore leaching, leaching of a floatation concentrate or the production and sale of a lead concentrate.
Previous Metallurgical Testing
Earlier metallurgical work conducted on La Negra by Kappes Cassiday and Associates (KCA) and McClelland Laboratories Inc. indicates very good potential for high silver recoveries.
The work completed by KCA showed leach recoveries in bottle roll tests ranging from 70 to 90% with an average of 81% testing head grades ranging from 62 to 242 gpt silver. Rougher floatation tests indicated recoveries of 85 to 98% with head grades testing 66 to 143 gpt silver.
The McClelland Laboratories work indicated leach recoveries in bottle roll tests ranging from 78 to 96.5%, averaging 86.7%, and that mineralization is amenable to whole ore milling/cyanidation treatment at 80% passing a feed size of 75 micrometers. Head grades of samples used ranged from 73 to 247 gpt silver.
The Company looks forward to Blue Coast beginning their evaluation of La Negra to further elucidate the potential that this property holds.
About La Negra High Grade Silver Discovery and Promontorio Resource
La Negra, situated 7 kilometers north of the Promontorio Resource, is a high-grade silver discovery which the Company believes has the potential to become a low strip, open pit mining operation. To date, 95 drill holes totaling approximately 17,000 meters have been completed with most intercepts returning widespread silver mineralization from surface to a vertical depth of over 300 meters.
Previous drill highlights include:
Hole 21-14 (See November 26, 2014 News Release)
* 200 m of 156 gpt Ag with 0.1 gpt Au including 50 m of 420 gpt Ag with 0.18 gpt Au and 1337 gpt Ag with 0.47 gpt Au over 6 m.
Hole 5-14 (See October 15, 2014 News Release)
* 119 m of 91 gpt Ag including 183 gpt Ag over 40 m and 367 Ag gpt with 0.11 gpt Au over 14 m.
Hole 43-16 (See October 25, 2016 News Release)
* 44.5 m of 363 gpt Ag and 0.12 gpt Au including 720 gpt Ag and 0.13 gpt Au over 19 m.
Promontorio is a large bulk tonnage silver resource that currently hosts an estimated 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.
NI 43-101 Compliant Silver Resource
The 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 include 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 measured and indicated 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 include 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 inferred 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).
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 and approved on behalf of 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 junior 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 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: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-silver-hires-blue-coast-research-ltd-for-metallurgical-testing-on-la-negra-silver-mineralization
KOOTENAY SILVER APPOINTS HANS SMIT, P.GEO. AS TECHNICAL ADVISOR TO ASSIST WITH ECONOMIC EVALUATIONS
July 7, 2021
Kootenay Silver Inc. (TSXV:KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce that Hans Smit, P.Geo. has agreed to join the Kootenay team as a technical advisor.
James McDonald, President and CEO, comments “the Company is very excited to welcome Hans as an advisor to the Kootenay team. Kootenay has been very successful in developing a large portfolio of silver assets in Mexico. We are working to update the mineral resource estimations and evaluate the potential economics of the two most advanced projects, La Cigarra and La Negra (Promontorio). Mr. Smit is well known for his experience and expertise in advancing projects from resource estimation through to feasibility and construction and we look forward to drawing on his expertise as we move these projects forward.”
Mr. Smit is a Professional Geologist with over 35 years of experience in all aspects of the mineral industry. Career successes include being one of the founders of Orla Mining Ltd. and guiding the evaluation of the Camino Rojo oxide gold project in Zacatecas State, Mexico as Orla’s former Chief Operating Officer (COO). After managing a positive feasibility study, permitting and the start of construction engineering and procurement for an open pit mine and heap leach facility at Comino Rojo, Mr. Smit retired as COO of Orla in December of 2019. The Camino Rojo project is currently in construction with production planned at the end of 2021.
Prior to Orla Mining, as Vice President Exploration for Grayd Resource Corporation (“Grayd”), Mr. Smit played a key role in advancing the La India heap-leach gold project in Mexico from a grassroots exploration discovery through mineral resource estimation and a positive Preliminary Economic Assessment. This resulted in Agnico Eagle Mines Ltd. acquiring Grayd for $275 million and bringing La India into production, using a mine and production plan based on the work Mr. Smit managed for Grayd.
Mr. Smit has worked on the evaluation of several other precious metal projects including Cerro Quema in Panama for Orla Mining and in Mexico for various Canadian companies. He guided exploration, feasibility, and permitting work on Canadian gold projects including the original studies at Dublin Gulch in the Yukon and Red Mountain in British Columbia. He also managed the feasibility, environmental assessment and permitting of the Swamp Point Aggregate Mine located on the coast of British Columbia.
The Company also announces stock purchase options have been granted under the Company’s stock option plan to an employee and consultant to purchase up to an aggregate of 650,000 shares of Kootenay at a price of $0.265 per common share for a period of five years.
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 junior 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 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: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-silver-appoints-hans-smit-pgeo-as-technical-advisor-to-assist-with-economic-evaluations
KOOTENAY SILVER SIGNS CONTRACT WITH TLASA OBRAS MINERAS TO REHABILITATE HISTORIC UNDERGROUND WORKINGS AT COLUMBA SILVER PROJECT, MEXICO
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce that it has signed a contract with TLASA OBRAS MINERAS, S. DE R.L. DE C.V. to rehabilitate the historic underground workings of the F Vein at the Columba Silver Project in Chihuahua State, Mexico. Initial work will assess the ability to gain access to the underground workings and begin dewatering the old mine. Clearing and timbering of an adit (entrance to an underground mine) is underway with the objective of gaining access to the main shaft and a secondary inclined shaft to begin dewatering and evaluating old mine workings for rehabilitation.
James McDonald, CEO & President, comments "Getting into the old mine workings and being able to see the F Vein in the old adit is a very exciting step forward for the Columba property and one more step closer to evaluating the resource and economic potential of the property. To the best of our knowledge this is the first time in 40 years work within the mine has been conducted in the upper levels and likely 100 years since anyone was in the lower levels."
Access to the old working will provide valuable information on the extent of historic mining and development, vein widths and grades, wall rock conditions and water flows. Additionally, this will allow for more cost-effective infill and expansion, drilling to greater depths, and provide bulk sample for metallurgical work.
Detailed mapping and sampling will occur concurrently with rehabilitation work after safe and secure access to the F Vein is established. This mapping and sampling will aid in accurate modeling and resource work for the F Vein.
Work is expected to take approximately 4 months to complete barring any major obstacles. There is no historic data available to indicate the current condition of the underground workings and if there are any major collapses. Due to these uncertainties, every advancement of the program will assess our ability to continue the rehabilitation of the old mine workings.
Meanwhile drilling is ongoing on other vein systems in Columba as part of the current 5,000-meter core drill program. To date results for 12 holes have been released (CDH-21-086 to CDH-21-096) for a collective 96 holes (including the 2019 and 2020 drill programs). More results are to be released as assays are received and interpreted by the Company.
Click here to view up to date drill results. https://tinyurl.com/4yymwtud
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 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
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-silver-signs-contract-with-tlasa-obras-mineras-to-rehabilitate-historic-underground-workings-at-columba-silver-project-mexico
Kootenay Silver Intercepts 19.43 Meters of 306.04 Gpt Silver Equivalent Including 7.97 Meters of 456.13 Gpt Silver Equivalent Within The 5 Señores Vein at Copalito Silver-gold Project, Mexico
VANCOUVER, BC, June 7, 2021 - Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) the “Company” or “Kootenay”) is pleased to announce results from five additional core holes recently completed on the 5 Señores Vein at the Copalito silver-gold project (the “Property”), located in Sinaloa State, Mexico.
James McDonald, President and CEO, states “The 5 Señores Vein is proving to be a well mineralized structure with excellent potential to host significant gold and silver resources. Drilling has now tested 600 meters of the 1 kilometer known vein strike on surface. Ten of the twelve holes drilled less than 100 meters from surface indicate that mineralization remains open along strike and to depth providing lots of room for expansion.”
Continued below
https://kootenaysilver.com/news/kootenay/2021/kootenay-intercepts-1943-meters-of-30604-gpt-silver-equivalent-including-797-meters-of-45613-gpt-silver-equivalent-within-the-5-senores-vein-at-copalito-silver-gold-project-mexico
KOOTENAY SILVER INTERCEPTS 809 GPT SILVER OVER 2.63 METERS WITHIN 354 GPT SILVER OVER 9 METERS IN THE F VEIN AT COLUMBA PROJECT, MEXICO
May 25, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce additional high-grade silver results from the Company’s 5,000 meter core drill program currently underway at its Columba silver project (the “Property”) located in Chihuahua State, Mexico.
James McDonald, President & CEO reports, “CDH-21-94 and 96 continue to hit consistent and high-grade results in the F Vein and are particularly important. They encountered excellent grades to 985 gpt and 425 gpt silver, respectively, within wide zones of high and moderate grades in a large area of the vein with no previous drilling.”
Augmenting the high-grade, in some areas, are thick zones of mineralization coming into the high-grade such as hole CDH-21-96 where over 30 meters of continuous mineralization averaged 86 gpt silver. A number of other areas within the F Vein show similar thick intervals coming into the high-grade such as holes CDH-20-41 (39.9 meters of 159 gpt silver), CDH-20-47 (15.65 meters of 166 gpt silver), CDH-20-51 (36 meters of 72 gpt silver), CDH-20-52 (42.43 meters of 61 gpt silver), CDH-20-53 (34 meters of 116 gpt silver) and CDH-21-89 (70.5 meters of 112 gpt silver). These thick zones of silver mineralization preceding the high grade have the potential to add significantly to the amount of silver within the F Vein.
Drill Highlights - Holes CDH-21-091 to 096:
CDH-21-091
* 271 gpt silver over 0.85 meters within 189 gpt silver over 1.55 meters in the F Vein
CDH-21-092
* 368 gpt silver over 0.94 meters within 217 gpt silver over 2.44 meters in the Hanging-wall structure
* 439 gpt silver over 1.14 meters within 321 gpt silver over 2.94 meters in in the F Vein
* 255 gpt silver over 2.9 meters within 130 gpt silver over 8.0 meters in the Footwall
* Hit 3 different Vein sets in the Hanging-Wall Vein, F Vein and a Footwall Vein.
* 425 gpt silver over 2.37 meters within 230 gpt silver over 9 meters and 86 gpt silver over 30 meters in the F Vein System.
CDH-21-094
* 985 gpt silver over 1.5 meters and 809 gpt silver over 2.63 meters within 354 gpt silver over 9 meters in the F Vein
* CDH-21-94 tested an area about 200 meters from the old shaft in a large undrilled segment.
* CDH-21-95 hit a fault and thus missed the F Vein.
CDH-21-096
* 425 gpt silver over 2.37 meters within 230 gpt silver over 9 meters and 86 gpt silver over 30 meters in the F Vein System.
* Hole CDH-21-096 is about 50 meters along strike and 30 meters deeper than CDH-21-94 and also tested a large area with no drilling.
* CDH-21-95 hit a fault and thus missed the F Vein.
Click the following links to view: Plan Map, Long Section https://tinyurl.com/35zfrz35 and Cross Sections https://tinyurl.com/2y2vesvd for holes CDH-21-091 to CDH-21-096.
Detailed Drill Results – Holes CDH-21-091 to CDH-21-096
Detailed results for all drill holes completed to date at the Columba high grade silver project can be viewed by clicking the following link: Columba Drill Results https://tinyurl.com/464p655k
Notes: All widths are drilled widths. At this time, it is estimated true widths will range from 55 to 94% of drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded to the nearest whole number.
Drilling continues at Columba within the JZ Vein area, located 700 meters east of the F Vein.Previous drilling in this region confirmed the discovery of a broad zone of high grade hydrothermal breccias that encompasses a low to medium grade quartz stockwork system at the J-Z Zone.Results in the JZ Area are highlighted by hole CDH-20-030 (415 gpt silver over 11.15 meters including 721 gpt silver over 4.07 meters) and hole CDH-20-060 (132 gpt silver over 64 meters including 361 gpt silver over 11 meters including 608 gpt silver over 5 meters, and 1,160 gpt silver over 1 meter all within 229 gpt silver over 22 meters).
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 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
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-intercepts-809-gpt-silver-over-263-meters-within-354-gpt-silver-over-9-meters-in-the-f-vein-at-columba-project-mexico
Price target and Market conditions for Silver; a lot of volatility in the markets, this gains/will gain precious metals and the mining sector.
Price target today; https://www.marketbeat.com/stocks/CVE/KTN/price-target/
it`s 0,60 a 100+% to current share price - very conservative IMO. Giving the silver shortage, supply-demand issues, etc, I would say 1,20 -1,30. or about 4x.
Today's news; SILVER SALES ARE UP 540% (SHOCKING) - one of many reasons we will see a huge silver rally price in 2021.
HUGE NEWS basserdan, thank you for running this board. Been following Kootenay for some years and I`m happy to take a new position now when it is at its bottom!!!
https://www.kootenaysilver.com/news/2021
The team behind it, both management and major shareholders (Sprott, Ross etc) is top notch. Then having MAJOR Miners as shareholders as well... well let me put it this way; it`s not wrong at all
Giving the coming silver BOOM, I consider them to be a buyout target 2021 or 2022, time depending on some variables.
KOOTENAY SILVER INTERCEPTS 2,176 GPT SILVER EQUIVALENT OVER 1.18 METERS WITHIN A WIDER INTERVAL OF 399 GPT SILVER EQUIVALENT OVER 10.5 METERS AT COPALITO SILVER-GOLD PROJECT, MEXICO
May 13, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce results for the first four holes completed from the 2021 drill program at the Copalito silver-gold project (the "Property"), located in Sinaloa State, Mexico.
James McDonald, President and CEO, states "We continue to see good grade and width potential at Copalito with the 5 Señores vein returning grades up to 2,176 gpt silver equivalent. These results complement high grade drill holes previously intercepted in 5 Señores Vein, which returned 2,830 gpt silver and 0.145 gpt gold over 1 meter. There are 9 more holes to report from this vein the results of which will start to define the scope and continuity of high grade and where follow up drilling will be focused. Drilling has moved on to testing good results on the Cobriza, Aguilar and Pilar veins."
Highlights from Holes BDH-21-041 to BDH-21-044 include:
BDH-20-041 in the 5 Señores Vein
* 325.52 gpt silver equivalent ("silver Eq") over 1 meter consisting of 303 gpt silver, 0.09 gpt gold and 0.58% lead plus zinc within 86.28 gpt silver Eq over 5.75 meters consisting of 0.049 gpt gold, 75.3 gpt silver and 0.27% lead plus zinc;
* 101.33 silver Eq over 2 meters consisting of 1.10 gpt gold, 13 gpt silver and 0.30% lead plus zinc within 55.37 gpt silver Eq over 8.61 meters consisting of 0.456 gpt gold, 11.70 gpt silver and 0.38% lead plus zinc.
* This hole tested about 40° down dip of the high-grade intercept in hole BDH-20-040.
BDH-20-042 in the 5 Señores Vein
* 2,176.84 gpt silver Eq over 1.18 meters consisting of 1,965 gpt silver, 0.575 gpt gold, and 6.35% lead plus zinc within 213.68 gpt silver Eq over 21 meters consisting of 178.30 gpt silver, 0.187 gpt gold, and 0.81% lead plus zinc.
* BDH-21-042 filled an approximate 100-meter gap in drilling.
These results are showing potential for a mineralized "shoot" in the southern part of the 5 Señores vein. The zone remains open in several directions. Once assays from the remaining holes are received a clearer picture on the shape and size of these zones will begin to emerge and shape follow up drilling.
The 5 Señores vein is comprised of a mineralized structure with two parallel veins. These veins are comprised of both silicified breccia and classic banded quartz, quartz-calcite and calcite veining. The polymetallic veins are hosted in a volcanic andesite sequence with weak propylic alteration within faults and contact with a dioritic intrusive to the southwest. The veins are mainly quartz, with massive and crustiform textures and quartz-chalcedony bands. Dark gray bands indicate the presence of sulfides in these textures. Also local zones of carbonates mainly calcite can also carry very high grades of precious metals.
Mineralization is comprised of disseminated pyrite of 1% or less with varying amounts of sphalerite (< 1 to 5%), galena (< 1 to 3%) and probable acanthite.
Plan Map of Hole BDH-21-041 to BDH-21-044. Click here to view larger version.
Continued below:
https://kootenaysilver.com/news/kootenay/2021/kootenay-intercepts-2176-gpt-silver-equivalent-over-118-meters-within-a-wider-interval-of-399-gpt-silver-equivalent-over-105-meters-at-copalito-silver-gold-project-mexico
KOOTENAY SILVER HITS SEVERAL HIGH-GRADE INTERCEPTS IN THE HANGING WALL AND F VEIN AT COLUMBA PROJECT, MEXICO
May 6, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce assay results from the first six core drill holes completed from its 2021 drill program at its Columba high-grade silver project (the “Property”) located in Chihuahua State, Mexico.
Kootenay President & CEO, James McDonald, stated “We continue to be extremely pleased as we see the first drill results of 2021 start to come in. The first six holes continue to show grade and continuity of the F Vein in large untested gaps with grades to 899 gpt silver and 559 gpt silver in the Hanging Wall and F Vein respectively”.
Drill Highlights:
CDH-21-90
* 503 gpt silver over 1.2 meters including 889 gpt silver over 0.55 meters in the Hanging Wall Vein
* Hole CDH-21-90 is a shallow test about 65 meters below surface and includes 2.4 meters of 245 gpt silver including 365 gpt silver over 0.6 meters in the F Vein.
CDH-21-89
* 439 gpt silver over 2.7 meters including 533 gpt silver over 0.57 meters and 511 gpt silver over 0.65 meters in the F Vein.
* The high grade sits within a wide interval of 162 gpt silver over 15.45 meters.
* 411 gpt silver over one meter within 4 meters of 233 gpt silver in a footwall vein to the F Vein
* Hole CDH-21-89 is important as it tests a large 100 by 150-meter gap in drilling where six peripheral drill holes encountered grades from 456 gpt over 1.5 meters (CDH-20-45) to 782 gpt over 1.05 meters (CDH-20-47) and 755 gpt silver over 1.75 meters (CDH-19-12) some 75 meters below. See the longitudinal section for reference.
CDH-21-87
* 559 gpt silver over 1.09 meters within 4 meters of 200 gpt silver in the F Vein
* CDH-21-87 was filling an untested area in the F Vein of about 100 by 75 meters where 5 peripheral holes hit grades ranging from 456 gpt over 1.5 meters (CDH-20-45) to 911 gpt silver over 1.4 meters (CDH-20-46). See the longitudinal section for reference.
Click the following links to view: Plan Map ( https://tinyurl.com/3y4n56ff ) and Long Section ( https://tinyurl.com/seb86f5e ) for holes CDH-21-085 to CDH-21-090
Detailed Drill Results – Holes CDH-21-085 to CDH-21-090
Detailed results for all drill holes completed to date at the Columba high grade silver project can be viewed by clicking the following link: Columba Drill Results ( https://tinyurl.com/cnb6bnu6 )
Drill Results Table
(Click on link below to view the Drill Results Table)
Notes: All widths are drilled widths. At this time, it is estimated true widths will range from 65 to 94% of drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded to the nearest whole number.
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 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
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-hits-several-high-grade-intercepts-in-the-hanging-wall-and-f-vein-at-columba-project-mexico
KOOTENAY SILVER PROVIDES DRILLING UPDATE ON 5,000 METER PROGRAM UNDERWAY AT COLUMBA HIGH-GRADE SILVER PROJECT, MEXICO
April 15, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to report drilling is progressing well at the Columba silver project, located in Chihuahua State, Mexico. The Company has completed 12 core drill holes totaling over 1,800 meters, testing the F Vein as part of the 5,000-meter drill program. Results will be announced when received and compiled, although assay turnaround time is currently much longer than normally experienced due to laboratory delays.
Highlights of previous drilling along the F Vein and hanging-wall system include holes CDH-19-041 (650 gpt silver over 7.45 meters within a wider interval of 159 gpt silver over 39.9 meters) and CDH-20-051 (865 gpt silver over 2 metersb within a wider interval of 317 gpt silver over 6 meters in a hanging-wall vein adjacent to the F Vein.).
The Company also reports that the drill rig is now testing an area east of the J-Z Zone where mapping in 2020 indicated the down faulted extension of northeast trending veins of the J-Z Zone may occur. This area, referred to as the East Block, is approximately 1,000 meters to the east of the F Vein. Previous drill highlights in the J-Z Zone include such intercepts found in hole CDH 20-030 (415 gpt silver over 11.15 meters including 721 gpt silver over 4.07 meters) and hole CDH 20-060 (132 gpt silver over 64 meters including 361 gpt silver over 11 meters including 608 gpt silver over 5.0 meters, and 1,160 gpt silver over 1.0 meters all within 229 gpt silver over 22 meters).
About the Columba Property
Columba is a past producing high-grade silver mine, which operated on a small scale circa 1910 and again briefly circa 1958-60. The Property covers a large high-grade epithermal vein system which the Kootenay has mapped over strike lengths from 200 meters to up to 2 kilometers and sampled with grades returning up to 693 gpt silver on surface and exceeding 2,000 gpt in drilling. The Project area includes a network of underground workings comprised of 4 shafts and 6 levels of drifts reported to measure over 1,000 meters in length.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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.
Qualified Persons
The Kootenay scientific and 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 and approved 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.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
"James McDonald"
President & CEO
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: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-provides-drilling-update-on-5000-meter-program-underway-at-columba-high-grade-silver-project-mexico
KOOTENAY SILVER SIGNS OPTION AGREEMENT TO GRANT CENTERRA GOLD INC. INTEREST IN THE TWO TIMES FRED PROPERTY IN BRITISH COLUMBIA, CANADA
March 30, 2021
Kootenay Silver Inc. (TSXV:KTN; OTC:KOOYF) (the "Company" or "Kootenay") is pleased to announce the signing of an option agreement with a wholly owned subsidiary of Centerra Gold Inc. ("Centerra"), whereby Centerra is granted an option to earn a 70% interest in the Two Times Fred property located in the Nechako Plateau of Central British Columbia.
A total of C$6 million in exploration expenditures and C$500,000 in cash payments must be incurred and made over a four-year period for Centerra to earn a 70% interest. The first year requires a work expenditure of $1 million with a minimum commitment of $650,000. Current plans for this year's work include up to 1,000 meters of trenching and 20 drill holes. Upon the fulfillment of these conditions, the two companies will enter a standard joint venture agreement with Kootenay retaining a 30% interest, and funding of further work will be done on a pro rata basis amongst the joint venture partners.
James McDonald President and CEO of Kootenay Silver states "We are very pleased to have signed an agreement with major gold producer Centerra Gold Inc. We look forward to benefiting from Centerra's expertise and consider their participation via the option agreement a reflection of our belief that Two Times Fred has the potential to host a gold deposit of significant size."
Two Times Fred
The Two Times Fred property is host to a large classic low-sulphidation epithermal gold vein system. It is a grass roots discovery made by the Kootenay Silver team. Over the past several years Kootenay has advanced the project with limited drilling, mapping, sampling, and geophysical surveys. The project comprises numerous northeast trending veins over a 1.5 by 3.0 kilometer trend. Select rock chip sampling at surface has returned assays as high as 12.8 gpt gold and 194 gpt silver. Limited drilling (2,628 meters over 13 drill holes) shows the main identified veins occur as classic vein and vein breccia zones from a few meters to 40 meters wide. Best drill results to date include 7.6 meters of 1.69 gpt gold and 29 gpt silver.
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 and approved on behalf of 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 junior 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 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: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-silver-signs-option-agreement-to-grant-centerra-gold-inc-interest-in-the-two-times-fred-property-in-british-columbia-canada
KOOTENAY SILVER COMMENCES DRILLING AT COPALITO HIGH-GRADE SILVER & GOLD PROJECT, MEXICO
March 25, 2021
Kootenay Silver Inc.(TSXV: KTN, OTCQX: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that a 3,500-meter core drilling program (the “Program”) has commenced at the Copalito gold and silver project (the “Property”), located in Sinaloa State, Mexico.
The Program will follow up the results of 40 shallow drill-holes totaling 4,153 meters completed in 2020, confirming gold and silver mineralization in several areas of the Property.Drilling will be guided by detailed structural mapping totest veins such as 5 Senores located in the southern area where good continuity and grade potential has been shown for at least 600 meters of strike length.
Drill results from 5 Senores are highlighted by several high-grade intercepts that ranged to 2,830 gpt silver (BDH-20-04) and 16.95 gpt gold (BDH-20-40).Further highlights from drilling completed on other veins at Copalito include the Pilar Vein with gold values of up to 7.05 gpt and 13.55% lead plus zinc (BDH-20-33); the Chiva Vein with silver values of up to 936 gpt (BDH-20-09); and the Cobriza Vein with silver values of up to 307 gpt.
2020 drill highlights of significant high-grade mineralization intersected at Copalito, include:
BDH-20-001: 369 gpt silver equivalent (“AgEq.”); 250 gpt silver and 0.247 gpt gold over 5.0 meters; 272 gpt AgEq.; 360 gpt silver and 0.1 gpt gold over 1.0 meter within
BDH-20-002: 179 gpt AgEq.; 1.69 gpt gold over 4.3 meters and 274.8 gpt AgEq.; 3.02 gpt gold over 1.7 meters
BDH-20-004: 1,323 AgEq.; 1,297 gpt silver and 0.285 gpt gold over 3.2 meters
BDH-20-009: 1,047 gpt AgEq.; 936 gpt silver, 0.29 gpt gold and 3.31% lead+zinc (“Pb+Zn”) over 1.0 meter
BDH-20-015: 394 gpt AgEq.; 51 gpt silver, 2.28 gpt gold, 6.18 % Pb+Zn over 1.2 meters
BDH-20-033: 1,210 gpt AgEq.; 59 gpt silver, 7.05 gpt gold, 13.55 % Pb+Zn over 0.2 meters
BDH-20-037: 1,261 gpt silver AgEq. over 1.0 meter consisting of 846 gpt silver, 3.11 gpt gold and 6.15% lead plus zinc; 5 senores vein
BDH-20-040: 933 gpt AgEq. over 2.25 meters consisting of 6.65 gpt gold, 335 gpt silver 1,813 gpt AgEq. over 0.51 meters consisting of 16.95 gpt gold, 369 gpt silver and 3.74% Pb+Zn including:
1,813 gpt AgEq. over 0.51 meters consisting of 16.95 gpt gold, 369 gpt silver and 3.74% lead plus zinc 5 Senores vein (one of the deepest holes drilled to date)
Complete drill results for Copalito can be found on our company website. AgEq. calculated above are based on $24/oz silver, $1900/oz gold, $1/lb zinc, $0.8/lb lead. Estimated true widths range from 65 to 90% of drilled widths depending on dip of the vein and inclination of the hole. All AgEq. and silver composites rounded to the nearest whole number. See news releases dated July 22 2020, October 27, 2020 and November 12, 2020 for further detail.
James McDonald, CEO and President Stated: "This program is aimed at establishing if we have continuity and size in zones already identified and to test those areas, we did not test in 2020. We are excited to get going again and are looking forward to the results of the drill program.”
The Company has contracted GlobeXplore, S.A. de C.V. of Hermosillo, Sonora, Mexico to conduct the HQ core drilling at Copalito.Results of the drill program will be announced as soon as the assays are received and interpreted by the Company.
About the Copalito Property
The Copalito Project is a classic low sulphidation epithermal vein system which has numerous small old workings and no evidence or reports of historic exploration drilling. The Property consists of seven concessions totaling approximately 3,700 hectares and is located 35 kilometers east of McEwen Mining’s “El Gallo Mine” complex in Sinaloa State, along the western fringes of the Sierra Madre Occidental in northwestern Mexico. The Copalito Project has good access, topography and infrastructure.
Copalito Geology
Mineralization is hosted within classic low sulfidation epithermal quartz and rare calcite veins. Multiple mineral events are evidenced by banded mineralized textures, multiple cross cutting veins/veinlets, laminated banding of chalcedonic and crystalline quartz, sulfide replacement and infillings of breccia matrix. Sulfide content is generally low but does range to 20% or more in hand samples. Sulfides and their oxide equivalents include fine grained pyrite, black and yellow sphalerite, galena, chalcopyrite and silver sulphosalts. Some zonation is becoming apparent with veins in the northeast being higher in gold and base metals and those in the south being high in silver and low in base metals.
Sampling and QA/QC at Copalito
All technical information for the Copalito exploration program is obtained and reported under a formal quality assurance and quality control (“QA/QC”) program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals (“ALS”) in Hermosillo, Sonora. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in North Vancouver, B.C. Systematic assaying of standards, blanks and duplicates 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.
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.
Qualified Persons
The Kootenay scientific and 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 and approved 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.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
“James McDonald”
President & CEO
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: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-commences-drilling-at-copalito-high-grade-silver-and-gold-project-mexico
Possibly the most important chart that nobody seems to talk about is right here.
By Mike Savage
March 22, 2021
This chart comes from Kitco.com and shows the prices of 5 precious metals. Four of these metals – gold, silver, platinum and palladium are all traded on a paper exchange which allows the powers that be to suppress the price of these metals by overwhelming the physical market with paper claims that in the gold market are around $71 TRILLION in yearly trades while only $213 billion of gold is actually produced.
Just like central banks “print up” money out of nowhere the banks, et al “print up” paper contracts that most times are not settled with actual metal and there is only a fraction of the metal being traded in physical bullion.
It has been well documented that JP Morgan and many other major banks have been suppressing the price while central banks and many major banks have been buying the physical metal for years. Ted Butler’s research has shown that JP Morgan alone likely has over 1 BILLION ounces of silver and over 25 million ounces of gold.
More interesting to me is why entities like central banks that can conjure trillions of currency units in a few seconds would have purchased 2200 TONS of gold in the past 3 years. My only answer is that they don’t expect the trigger finger to work for much longer.
It is not only that the banks want to get the metals cheap but there are larger players that encourage this behavior also. That would be the Fed in particular but also all other central banks.
If the metals-particularly gold and silver were actually allowed to have a fair price it would expose the level of debasement of the fiat currencies and would also call into question what value long-dated bonds have as the currencies you will be repaid with are being debased far quicker than anyone can imagine. The illusion is kept alive by comparing fiat currencies (all falling at different rates) and suppressing the price of anything that would expose the level of purchasing power loss.
Notice that gold, silver and platinum are extremely cheap when compared with palladium. Just 15 years ago many auto manufacturers replaced platinum in catalytic converters with palladium because it was only half the price of platinum.
The reason why palladium is now more than double the price of platinum is not that it is more valuable BUT that there is a physical shortage and that puts constraints on the level of games that can be played with the price.
My opinion is that the cheapest asset on the planet is silver and it is possible that gold and platinum are next.
So far, while there are rumors swirling about a shortage of silver those playing the games have not been exposed – yet. There are plenty of signs that there is a shortage of silver but I’m sure all the pundits will be shocked when there is a payment of cash to settle silver accounts at some point.
The real point I want to make here is this. The LEVEL of manipulation, I believe, can only be exposed when you look at the one metal that DOES NOT trade on a paper market and therefore, in my opinion, is the only FAIR price (or accurate price) on this chart.
Rhodium is trading at $28,000.00 per OUNCE. If you see this chart daily you will also see that the price of rhodium may change once a day or every couple of days while the paper prices change every few seconds.
It has also been shown that the takedowns in the paper markets are done with market orders when there are few buyers because most markets are closed and that also leads to algorithmic selling to carry on the beatdown. Hence, the 4AM and 8AM raids that I have been highlighting for over 10 years.
Another place to look is at the USDebtclock.org. The amount of US dollars is soaring against the amount of silver and gold in the world. As of 3-22-2021 there are $4942.00 for each ounce of silver in the world and $35,377.00 for each ounce of gold. Compare these numbers to the $28,000.00 that rhodium is trading for and connect the dots. The level of manipulation is so great that it is hard to fathom. This is why I say when this fraud ends the prices of these suppressed metals will not be meandering up- they will be exploding up.
The price of stocks, bonds and real estate are being artificially propped up with “money” from nowhere with nothing to back it. Throughout history this has led to a demise of the currency being issued in overabundance. Currently, virtually ALL currencies are being issued in overabundance so they can all give the illusion of stability as prices climb higher and higher and we are continually told by our “leaders” that we need more inflation (even higher prices for everything).
On the flipside I would call gold, silver, platinum and palladium inverse bubbles. I would anticipate when the games end because of a lack of faith in fiat currencies these assets- untethered to the current manipulation- will quickly find a far higher and more natural price than the fake paper price of today.
Think about it. We have an economy in freefall. We have nations, states, cities, municipalities, companies and individuals in debts that are unprecedented in history and rising exponentially. We have central banks conjuring up tens of trillions of currency units to pretend all is well and that we are still solvent. CLUE- It is an illusion. The debts can never be repaid with currencies anywhere near their current values right now. As a matter of fact most central banks are conjuring up “money” so governments can even meet interest payments- let alone even paying down the debt.
The bad news is if they stop the current trajectory the entire system could collapse in a matter of hours if not minutes. This is why it is likely that this will continue until we hit the cliff I have been warning about for quite some time. Again I will say I would rather be 5 years early than 1 second late. That 1 second may make all of the difference.
Be Prepared!
Any opinions are those of Mike Savage and not necessarily of those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information in this report does not purport to be a complete description of securities, markets or developments referred to in this material. The information has been obtained from sources deemed to be reliable but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.
Commodities are generally considered speculative because of the significant potential for investment loss. Commodities are volatile investments and should only be a small part of a diversified portfolio. There may be sharp price fluctuations even during periods when prices are overall rising.
Precious Metals, including gold, are subject to special risks including but not limited to: price may be subject to wide fluctuation, the market is relatively limited, the sources are concentrated in countries that have the potential for instability and the market is unregulated.
Diversification does not ensure gains nor protect against loss. Companies mentioned are being provided for information purposes only and is not a complete description, nor is it a recommendation. Investing involves risk regardless of strategy.
https://lemetropolecafe.com/dospassos.cfm?pid=16745
KOOTENAY SILVER TRENCHES 33.0 METERS OF 2.67 GPT GOLD INCLUDING 9.0 METERS OF 5.29 GPT GOLD AT MALE GOLD PROJECT, MEXICO
March 17, 2021
Kootenay Silver Inc.(TSXV: KTN, OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce the discovery of significant gold on its 100% owned Maria Elena gold project (“Male” or the “Property”), located approximately 100 kilometers south east of the city of Hermosillo in Sonora State, Mexico.
Trenching conducted at the Property has exposed several exciting gold results.This program included a total of 8 trenches completed over four areas of the Property.Of the eight trenches, positive results from five (trenches 0,2,4,5,6) were received with results for the remaining trenches (1, 3 and 7) not encountering any significant veining or values.Highlights from the results received to date are as follows:
Trench 6
* 33 meters averaging 2.67 gpt gold
Includes 9 meters of 5.29 gpt gold
Includes 1 meter of 23.7 gpt gold
Trench 4
* 24 meters averaging 1.81 gpt gold
Includes 8 meters of 3.98 gpt gold
Includes 1 meter of 17.25. gpt gold
Trench 2
* 9 meters averaging 2.01 gpt gold
Includes 1 meter of 15.45 gpt gold
Click this link to view maps of the trenching.https://www.kootenaysilver.com/assets/img/nr/2021-03-Male-Trench-Maps.pdf
Initial trenching was completed by an excavator with chip samples taken across one-meter lengths. Trench 0 returned narrow anomalous gold values to 0.38 gpt gold over one meter.
Gold mineralization is hosted by stock works of quartz and quartz carbonate veins formed by conjugate sets of veins striking northeast and northwest. These stock working veins form zones that range in apparent width, from a scale of one meter to over 30 meters. The zones form mineralized “structures” or trends that can be traced individually for hundreds of meters (generally 200 to 1000 meters).Further trenching is required to better determine true widths and continuity along strike.
The mineralized stock works are made of multiple veins that individually range from tens of centimeters to 1.7 meters in width.Numerous conjugate vein sets and associated stock work zones occur within a 1.5 by 1.5-kilometer area hosted within a diorite intrusion and are the source of the placer gold historically mined on the property.
Prior to trenching, earlier prospecting work by Kootenay indicated very anomalous gold in the quartz veins.Out of 426 select (prospector) grab samples and soils, 47% of the tests returned greater than 0.5 gpt gold, whereas 36% returned greater than 1 gpt gold and 16% retuned greater than 5 gpt gold. Individual gold values included highs of 260 gpt, 85 gpt, 81 gpt, 53 gpt and 51 gpt.
Historic activity at Male includes hundreds of dry placer pits that often tested into the gold bearing quartz veins in bedrock. The area is extensively covered by overburden and thus holds the possibility of hiding a potentially large gold deposit.
The gold is associated with irregular silver values exceeding 900 gpt however silver is generally low. Copper, lead and zinc is also anomalous with highs to 0.56%, 2.6% and 3.9%, respectively.Molybdenum and tungsten occur as well.
A 36-line kilometer ground magnetic survey has been conducted. Preliminary interpretation shows some association with magnetic trends striking northwest, north-south and northeast with the primary stock work trends. Interpretation of the mag data continues. Two IP lines which range about 2 kilometers each have also been run. These results are also being compiled.
Follow up steps involve interpretation of the geophysics to determine its usefulness in mapping the gold zones in covered zones, more trenching and then a decision on whether to drill or option the project.
The geophysical and trenching was conducted and paid for by a third-party with Kootenay submitting the trench samples for assay.
Sampling and QA/QC at Male
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples reported were all taken in one meter long intervals and are chip samples. Samples were delivered by the Company to ALS Minerals ("ALS") in Hermosillo. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C.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.
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.
Qualified Persons
The Kootenay scientific and 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 and approved 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.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
“James McDonald”
President & CEO
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: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-trenches-330-meters-of-267-gpt-gold-including-90-meters-of-529-gpt-gold-at-male-gold-project-mexico
KOOTENAY SILVER COMMENCES DRILLING AT COLUMBA HIGH-GRADE SILVER PROJECT, MEXICO
March 3, 2021
Kootenay Silver Inc. (TSXV:KTN; OTC:KOOYF) (the "Company" or "Kootenay") is pleased to announce that a 5,000-meter core drilling program (the "Program") has commenced at the Columba silver project, located in Chihuahua State, Mexico.
The Program will focus on step out and infill drilling on impressive results to date in the high-grade F-vein and its associated hanging wall vein, a new discovery blind to surface. Focus will then shift to expanding on numerous other high-grade results such as found in holes CDH 20-030 (415 gpt silver over 11.15 meters including 721 gpt silver over 4.07 meters) in the JZ area and CDH 20-082 (1,186 gpt silver over 4.6 meters) in the B Vein.
James McDonald, CEO and President Stated: "Ending on a high note last year with 1,186 gpt silver over 4.6 meters on the largely untested B Vein we are eager to continue testing the various high-grade areas established by our 2019 and 2020 programs."
Comprehensive drill results from the 2019 and 2020 programs can be viewed by clicking the following link: Columba Drill Results.
The Company has contracted GlobeXplore, S.A. de C.V. of Hermosillo, Sonora, Mexico to conduct the drilling at Columba. Results of the drill program will be announced as soon as the assays are received and interpreted by the Company.
About the Columba Property
Columba is a past producing high-grade silver mine, which operated on a small scale circa 1910 and again briefly circa 1958-60. The Property covers a large high-grade epithermal vein system which the Kootenay has mapped over strike lengths from 200 meters to up to 2 kilometers and sampled with grades returning up to 693 gpt silver on surface and exceeding 2,000 gpt in drilling. The Project area includes a network of underground workings comprised of 4 shafts and 6 levels of drifts reported to measure over 1,000 meters in length.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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.
Qualified Persons
The Kootenay scientific and 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 and approved 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.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
"James McDonald"
President & CEO
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: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2021/kootenay-commences-drilling-at-columba-high-grade-silver-project-mexico
KOOTENAY SILVER INTERCEPTS 1,186 GPT SILVER OVER 4.6 METERS WITHIN 112 GPT SILVER OVER 70.5 METERS AT COLUMBA PROJECT, MEXICO
January 20, 2021
https://kootenaysilver.com/news/kootenay/2021/kootenay-intercepts-1186-gpt-silver-over-46-meters-within-112-gpt-silver-over-705-meters-at-columba-project-mexico
KOOTENAY SILVER REPORTS ON 2020 MILESTONES AND OUTLINES STRATEGIC PLANS FOR 2021
January 12, 2021
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) recaps a busy 2020 and provides a general look ahead for an exciting 2021 exploration season. Details related to the Company’s plans for 2021, will be announced in the coming weeks in addition to assay results received from the remaining 17 holes drilled at the Columba high grade silver project. During the past year, the Company completed two large drill programs totaling over 13,000 meters, collectively on the Columba and Copalito properties. Based on the results seen to date, both projects hold great promise for the discovery and development of a classic high-grade silver or silver and gold vein deposits, respectively.
Milestones Achieved in 2020
Columba Project, Chihuahua
* Initiated and completed the second drill program comprised of 43 holes, totaling over 9,114 meters designed as a follow up the initial 41 holes completed in 2019.
* Targeted infill and step out drilling within the high-grade F vein at the site of historical mining
* Further drill tested higher grade intercepts encountered in 2019 on other veins (such as the J & Z Veins) and tested previously undrilled veins mapped by the Kootenay geologic team.
* Discovered the J-Z vein - an area that hosts a different geological structure composed of veins and breccia as opposed to the classic epithermal veins present in the F vein.
* Intercepted additional high-grade silver mineralization within the F vein, which included an impressive hanging wall structure parallel to the F vein that was not apparent from surface.
* Drill highlights included:
- CDH-20-045: 0.5 meters of 974 gpt silver; F Vein
- CDH-20-046: 0.6 meters of 1,585 gpt silver and 1.4 meters of 911 gpt silver; F Vein
- CDH-20-049: 2.8 meters of 762 gpt silver including 1.0 meter of 2,010 gpt silver; hanging wall structure
- CDH-20-051: 2.0 meters of 865 gpt silver; hanging wall structure
- CDH-20-060: 11.0 meters of 361 gpt silver including 5 meters of 608 and 1.0 meter of 1160; hydrothermal breccia and stockwork
- CDH-20-066: 1.5 meters of 773 gpt silver; hydrothermal breccia
* Assays from the remaining 17 holes are being analyzed and interpreted with results to be released once completed.
Copalito Project, Sinaloa
* Completed the first drill program to ever be conducted on the property consisting of 40 holes totaling over 4,100 meters
* Intercepted high-grade mineralized intersections with the following drill highlights:
- BDH-20-001: 369 gpt silver equivalent (“AgEq.”); 250 gpt silver and 0.247 gpt gold over 5.0 meters; 360 gpt silver and 0.1 gpt gold over 1.0 meter within 272 gpt AgEq.
- BDH-20-002: 179 gpt AgEq.; 1.69 gpt gold over 4.3 meters and 274.8 gpt AgEq.; 3.02 gpt gold over 1.7 meters
- BDH-20-004: 1,323 AgEq.; 1,297 gpt silver and 0.285 gpt gold over 3.2 meters
- BDH-20-009: 1,047 gpt AgEq.; 936 gpt silver, 0.29 gpt gold and 3.31% lead+zinc (“Pb+Zn”) over 1.0 meter
- BDH-20-015: 394 gpt AgEq.; 51 gpt silver, 2.28 gpt gold, 6.18 % Pb+Zn over 1.2 meters
- BDH-20-033: 1,210 gpt AgEq.; 59 gpt silver, 7.05 gpt gold, 13.55 % Pb+Zn over 0.2 meters
- BDH-20-037: 1,261 gpt silver AgEq. over 1.0 meter consisting of 846 gpt silver, 3.11 gpt gold and 6.15% lead plus zinc; 5 senores vein
- BDH-20-040: 933 gpt AgEq. over 2.25 meters consisting of 6.65 gpt gold, 335 gpt silver 1,813 gpt AgEq. over 0.51 meters consisting of 16.95 gpt gold, 369 gpt silver and 3.74% lead plus zinc including:
* 1,813 gpt AgEq. over 0.51 meters consisting of 16.95 gpt gold, 369 gpt silver and 3.74% lead plus zinc 5 Senores vein (one of the deepest holes drilled to date)
Complete drill results for both Columba and Copalito can be found on our company website. AgEq. based $24/oz silver $1900/oz gold, $1/lb zinc, $0.8/lb lead. Estimated true widths range from 65 to 90% of drilled widths depending on dip of the vein and inclination of the hole. All AgEq. And silver composites rounded to the nearest whole number.
Cervantes Project, Sonora
* Completed a joint venture (“JV”) agreement with Aztec Minerals Corp. in respect of the Cervantes porphyry gold-copper project in Sonora, Mexico.
* Aztec Minerals completed the earn-in to acquire 65% interest in Cervantes with Kootenay retaining the remaining 35%. Both companies will hold interests in the Property indirectly through share ownership in the JV company, Aztec Minerals (Mexico) JV Corp.
La Cigarra Project, Chihuahua
* Initiated the relogging of drill core from within the resource to work conducted in 2015, to create a new geological model better fitting the geology of the resource to potentially optimize grade and increase economic favourability.
Financings
* Closed a major financing in August with leader broker Mackie Research Capital Corporation for gross proceeds of $7 million. Each $0.40 unit was comprised of one share and one-half of one common share purchase warrant exercisable at $0.55 until August 25, 2022. Eric Sprott, through 21764123 Ontario Ltd. maintained his proportionate equity interest in Kootenay.
* Received cash proceeds of $2.5 million during Q4, 2020 from the exercise of 8,478,150 warrants exercised at $0.30.
Strategic Plans Developing for 2021
Columba and Copalito
Significant drilling is planned at both Columba and Copalito. Planning meetings are being held in the next two weeks after which details of these programs will be finalized. An announcement outlining the programs will be issued thereafter.
La Cigarra
Continued geologic modeling will be completed with modeling to date tested to see if mineralization within the deposit may possibly exist within a more constrained area resulting in a higher-grade resource. Upon positive findings, a small drill program will be conducted to confirm the model is predictive (reliable and accurate) after which a decision will be made on if a new resource update is supportable or required. The over-arching objective is to optimize the resource and advance it to a PEA study.
La Negra, Sonora
Examination of the extensive drill data is underway to determine if a resource calculation is warranted. Following a positive outcome, a NI43-101 maiden resource estimate will be prepared on the project.
Cervantes
Once a budget has been approved by the JV committee, details of an exploration program will be provided in a news release. Cervantes is host to gold-copper porphyry type mineralization and has promise for both open pit heap leach gold and a larger gold-copper porphyry deposit.
Other
Introducing the Top 25th Percentile Search
In addition to the extensive drilling in 2020 Kootenay continued its grass roots exploration efforts with the initiation of two programs aimed specifically at the discovery of large silver-base metal deposits in the top 25 percentile of size. One such program is focused in the famous Purcell Basin in southeastern B.C. that is host to billions of ounces of silver in the Coeur D’Alene, Montana Copper-Silver and Sullivan mining districts. The second is focussed on the discovery of Carbonate Replacement Deposits (“CRD”) deposits in northern Mexico which make up some of the biggest and longest producing silver-base metal deposits in Mexico.
Moyie Anticline Program – Southeast B.C.
* This program was stimulated by the alignment of several fortuitous events. Firstly, for the first time in over 50 years a large land package of prospective geology was open and available for staking; secondly the advancement of deep penetrating geophysical methods to see buried ore bodies and Kootenay’s long-term association with the Kennedy Exploration Group and their deep knowledge and understanding in the area has resulted in identifying targets based on geology/mineralization.
* The program was kicked off in 2020 with the acquisition of nearly 35,000 hectares at an up -front cost of less than $60,000. The Company’s next steps will involve detailed geologic mapping and prospecting combined with deep seeing geophysics and then drilling.
CRD Program – Northern Mexico
* CRD’s in Mexico are well known for being some of the biggest and longest-lived silver and base metal producers in the world’s largest silver producing country. In the last quarter of 2020 Kootenay designated a team dedicated to the identification and acquisition of projects with CRD discovery potential. An extensive database has been compiled and priorities identified with numerous prospects visited. This will be an ongoing concentrated effort that will take time but given the target size, the Company believes it is worth the effort.
Kootenay’s technical team will continue to advance our grass roots projects, look for new acquisitions and seek partners to advance the properties we currently own.
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 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
or visit: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2021/kootenay-reports-on-2020-milestones-and-outlines-strategic-plans-for-2021
Why Is The Silver Price Still 50% Below Its 1980 High (While Gold Has More Than Doubled)
A lot of investors have been confused as to why silver still sits 50% below its 1980 and 2011 highs, while just about every other asset class on the planet is at or near record levels.
Fortunately, Steve Cope of Silver Viper joined me on the show to discuss how he thinks this will be resolved, and also some of the costly mistakes mining stock investors can avoid.
So to find out what most of the world won’t realize until it’s far too late to do something about it, click to watch the video now!
Kootenay Announces Results from 29 Holes of the First Ever Drill Program at the Copalito Silver-Gold Project, Mexico
VANCOUVER, BC, Oct. 27, 2020 /CNW/ - Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce results from the first ever drill program (the "Program") completed at the Copalito Silver-Gold Project in Sinaloa, Mexico. A total of 4,153 meters, increased from the originally planned 3,000 meter Program, over 40 drill holes. Reported in this release are holes 5 to 33 with holes 1 to 4 previously announced in July 2020, highlighted by hole BDH-20-004 intercepting 3.2 meters of 1,297 gpt silver and 0.285 gpt gold (see news release dated July 22, 2020).
The objective of the first Program was to drill a number of holes into each of the known vein structures to determine grade, continuity potential and build a prioritized inventory of veins. The Program successfully verified the existence and continuity of mineralized gold and silver veins at the project, where there is no evidence of modern exploration. Results demonstrate several areas having potential to host high grade deposits that will be the focus of follow up drilling.
Results of forty short holes, averaging approximately 100 meters a hole, targeting a range from 50 to 184 meters in depth, confirm that gold and silver mineralization continue at depth. This mineralization is associated with a significant percent of other elements including lead, zinc and copper, which provide an important addition to the precious metals. The best intersections are related to dilation zones, "mineralized shoots", within the veins of the low sulphidation system.
Luis Moya, Chief Exploration Geologist for Kootenay, states "The mineral is related to tabular shaped veins with high-grade bodies or mineralized shoots inside the veins. The location, geometry, trend, and plunge of those bodies is key. Several holes have already hit what we hope are high-grade mineralized bodies. The follow up drill program aided by detailed mapping and structural mapping will help determine continuity, grade and size of these areas."
James McDonald, President and CEO of Kootenay, adds "These holes set the stage for an exciting follow up drill program testing the extension and continuity of the high-grade areas. In addition to silver significant gold values up to 7 gpt have now been hit in drilling along with lead plus zinc of over 13% and copper to 1.2%. As we look forward to results from the remaining 7 holes detailed mapping is underway to efficiently target the high-grade zones in the follow up program."
Highlights of assays completed from holes BDH-20-005 to BDH-20-033 are reported below:
BDH-20-009
* 95.4 gpt silver Equivalent ("AgEq"); 63 gpt silver, 0.15 gpt gold and 0.47% lead + zinc ("Pb+Zn") over 18.0 meters includes:
1,047 gpt AgEq; 936 gpt silver, 0.29 gpt gold and 3.31% Pb+Zn over 1 meter.
BDH-20-015
* 110.60 gpt AgEq over 7.0 meters with 1.2% Pb+Zn, includes:
- 394 AgEq.; 51 gpt silver, 2.28 gpt gold, 6.18 % Pb+Zn over 1.2 meters.
BDH-20-022, with copper mineralization
* 431.43 gpt AgEq; 307 gpt silver, 0.154 gpt gold, 0.15% Pb+Zn and 1.27% Cu over 0.7 meters
BDH-20-025
* 24.8 gpt AgEq over 11.3 meters with 0.15 %Pb+Zn, includes:
- 242 gpt AgEq, 209 gpt silver, 0.196 gpt gold and 0.67 % Pb+Zn over 0.4 meters.
BDH-20-031
* 205.25 gpt AgEq; 45 gpt silver, 0.86 gpt gold 3.46 % Pb+Zn over 1.2 meters.
BDH-20-033
* 215.27 gpt AgEq; 101 gpt silver, 0.7 gpt gold, 2.28 % Pb+Zn over 2.7 meters includes
- 1209.59 gpt AgEq; 59 gpt silver, 7.05 gpt gold, 13.55 % Pb+Zn over 0.2 meters.
High grades were also encountered in the first 4 holes released most notably BDH-20-04 which hit 379 gpt AgEq (347 gpt silver, 0.216 gpt gold and 0.56% lead+zinc) over 13.1 meters including 2,897 gpt AgEq (2,830 gpt silver, 0145 gpt gold and 2.1% lead+zinc).
Follow links to plan map ( https://tinyurl.com/y2mpsfyb ) and drill sections ( https://tinyurl.com/y48prwrd ).
Results from the final seven holes will be released after the assays are received, compiled, and interpreted by the Kootenay team.
Detailed Drill Results – Holes BDH-20-005 to BDH-20-029
* Silver equivalent based $24/oz silver $1900/oz gold, $1/lb zinc, $0.8/lb lead
Note: Estimated true widths range from 85 to 90% of drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded to the nearest whole number.
(Click on link at the bottom of the page to view the Detailed Drill Results)
Drilling Discussion
Drilling tested 7 of 9 known veins along a cumulative strike length of 2,500 meters of an estimated 10,000 meters of vein length. Mineralized vein widths in drill hole varied from less than one meter to 56 meters. The deepest intercept was 123 meters below surface and graded 0.689 gpt gold, 101 gpt silver, and 2.28% lead plus zinc over 2.7 meters including 7.0 gpt gold, 59 gpt silver and 13.55% lead plus zinc over 0.2 meters.
Although there is continuity laterally and to depth, the grade is variable and the structural complexity requires closer holes to delineate the geometry and continuity of high-grade bodies.
Sampling in old mine dumps (Agua Vein) with discarded material, grades of up to 7.2 gpt gold and 303 gpt silver were observed, which shows the presence of mineral areas with better grades. Similar values were intersected in other veins (Pilar vein) with 7.05 gpt gold, 59 gpt silver and 13.55 % lead + zinc.
The presence of lead and zinc sulfides (up to 6.18%) and copper (up to 1.27%) increases the silver equivalent values obtained on the property.
Some of the higher-grade shoots detected with the drill program are related to changes in the direction of the veins that create a dilational open space to host mineralization.
Geologic Description
The project is located in a regional graben NW-SE called the "San Jose Fault" that extends more than 30 kilometers. The veins are hosted in the west border of the graben in the "lower cretaceous aged" volcanic sequence of andesites against a Jurassic-lower cretaceous unit of volcanic-sediment with shales-hornsfel beds.
The quartz-chalcedony veins with crustiform-colloform texture, calcite veins, weak alteration of the host rock, barite and areas of bladed calcite indicate the upper part of the epithermal system. The occurrence of multiples veins and breccias with cross cutting relationships show the evolution of a hydrothermal system, with a long history of multiple events. The mineralization is hosted mainly in the formal tabular shape veins and leaking to areas of stock works in weak permeable rocks.
About Copalito Silver-Gold Project
The Copalito Project is a classic low sulphidation epithermal vein system which has numerous small old workings and no evidence or reports of historic exploration drilling. The Property consists of seven concessions totaling approximately 3,700 hectares and is located 35 kilometers east of McEwen Mining's "El Gallo Mine" complex in Sinaloa State, along the western fringes of the Sierra Madre Occidental in northwestern Mexico. The Copalito Project has good access, topography and infrastructure.
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC
All technical information for the Copalito exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Hermosillo, Sonora. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in North Vancouver, B.C. Systematic assaying of standards, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 its priority silver projects located in the states of Sonora, Sinaloa and Chihuahua, Mexico, respectively.
SOURCE: Kootenay Silver Inc.
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: www.kootenaysilver.com
https://www.newswire.ca/news-releases/kootenay-announces-results-from-29-holes-of-the-first-ever-drill-program-at-the-copalito-silver-gold-project-mexico-817617487.htm
KOOTENAY SILVER INTERCEPTS 608 GPT SILVER OVER 5 METERS WITHIN 229 GPT SILVER OVER 22 METERS AT COLUMBA PROJECT, MEXICO
August 13, 2020
Kootenay Silver Inc. (TSXV: KTN, OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce results from an additional 4 holes from its 7,000 meter drill program, at the Columba high-grade silver project (the "Property") located in Chihuahua State, Mexico.
Among the 4 holes reported in the release, CDH-20-057 to CDH-20-059 tested along the F-Vein. Hole CDH-20-60 intercepted the J and Z Vein system and encountered a well mineralized breccia and quartz vein stockwork zone located approximately 700 meters east from the F-Vein.
Highlights from J and Z Vein system include:
CDH-20-060
* 132 gpt silver over 64 meters including two notable intervals:
* 1,025 gpt silver over 1.0 meters within 226 gpt silver over 9.0 meters.
* 361 gpt silver over 11 meters including 608 gpt silver over 5.0 meters, and 1,160 gpt silver over 1.0 meters all within 229 gpt silver over 22 meters.
Hole CDH-20-060 is about 40 meters deeper and 20 meters along strike from previously announced hole CDH-19-030 (see news release dated December 12, 2019). This Phase I drill hole hosted the following high-grade mineralization:
CDH-19-030
* 200 gpt silver over 25.85 meters which included;
* 415 gpt silver over 11.15 meters, including
* 982 gpt silver over 1.9 meters within 721 gpt silver over 4.07 meters.
The silver mineralization in the J and Z Vein system is related to silicified breccias and thin quartz vein stock works following classic banded quartz vein structures more characteristic of the F-Vein.
Kootenay President & CEO, James McDonald, stated "This area of the J and Z Vein has become very exciting and prospective following this second considerable intercept of high silver grades. Finding silver hosted in breccias and stock works in this area indicates the potential to discover large mineralized zones along shorter strike lengths than typically seen in the veins themselves."
The geometry of the relatively untested J and Z Vein system is not known at this time. More holes are needed to determine the geometry (strike and dip), extent of continuity and size of the zone.
Detailed Drill Results (click on link below to view)
F Vein Results
CDH-20-57 is one of the deeper intercepts along the F-Vein hitting 4.56 meters of quartz vein grading 103gpt silver including. 1.81 meters of 163 gpt silver at a depth of 208 meters from surface. The nearest hole CDH-20-051 is located approximately 57 meters up dip and 60 meters along strike. CDH-20-051 hit 317 gpt silver over 4.36 meter including 769 gpt silver over 1.1 meters in the F Vein and 865 gpt silver over 2 meters in a hanging-wall structure (see news release dated May 26, 2020).
CDH-20-058 hit an old mine working at target depth.
CDH-20-059 hit 4.1 meters of F-Vein at the northwestern most extent of the drill tested area. The F Vein at this location was occupied by massive calcite which did not carry any significant results.
Click to view the plan map ( https://tinyurl.com/yyxdu8hb ), long section ( https://tinyurl.com/yyns4zrb ), and cross sections. ( https://tinyurl.com/yxf3jahg )
Sufficient drilling has been conducted along the F-Vein to establish good continuity for about 700 meters of strike to depths of 230 meters. Drilling is currently focused on the veins not yet tested and will follow up on intercepts encountered in various other veins during the 2019, Phase I drill campaign.
Drilling is ongoing and more results will be released once holes are completed and assays are received, compiled, and interpreted.
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 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
Raj Kang, CFO at 604-601-5653; 1-888-601-5650
or visit: https://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-intercepts-608-gpt-silver-over-5-meters-within-229-gpt-silver-over-22-meters-at-columba-project-mexico
Why Are The Silver Stocks Down Even As Silver Rallies
By Chris Marcus
August 7, 2020
The most common question asked in the precious metals world today is why the silver stocks don’t seem to be keeping up with the underlying silver rally.
Fortunately, Andrew O’Donnell of SuperCharged Stocks joined me on the show to discuss that exact topic. As well as what you can expect next, and perhaps even more importantly, how to mentally prepare yourself to succeed and thrive no matter how the market prices these stocks during the upcoming rally.
So to stay ahead of Wall Street during this exciting gold and silver rally, click to watch the interview now!
KOOTENAY REPORTS HIGH GRADE SILVER INTERCEPTS INCLUDING 601 GPT OVER 1.23 METERS WITHIN 279 GPT OVER 4.08 METERS & 753 GPT OVER 0.95 METERS WITHIN 620 GPT OVER 2 METERS AT COLUMBA PROJECT, MEXICO
July 16, 2020
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to report results from an additional 5 drill holes from the high-grade Columba Property (the “Property”) located in Chihuahua State, Mexico. These holes are step outs along strike and to depth from high-grade intercepts previously reported in the Phase-II drill campaign (the “Program”).
Kootenay President and CEO James McDonald stated: “These results show excellent continuity and grade along the F Vein for 700 meters of strike length and depths to 240 meters. Having established at least one well mineralized shoot within the F Vein over a substantial area we will now focus on testing other veins on the Property. Priority areas include the J-Z vein area where last year hole CDH-19-030 returned a 25.85 meter intercept grading 200 gpt silver and included highs of 982 gpt silver over 1.8 meters, 415 gpt silver over 11 meters and 721 gpt silver over 4 meters!”
Mineralization on the F Vein remains open along strike and to depth and continues to be a promising target for further investigation after other veins have been explored. To date the spacing of drill holes along the F Vein has varied from 50 meters to over 200 meters thus more drilling is required.Currently, sufficient drilling of the F Vein has been completed to establish a well mineralized shoot so drilling will move onto the other veins.
Holes CDH-20-052 and CDH-20-053 fill in a 140 meter gap between previous holes CDH-20-046, which reported 1585 gpt silver over 0.6 meters within 553 gpt silver over 2.9 meters, and CDH-19-035 with 494 gpt silver over 1.35 meters.
Highlights from the additional 5 holes include:
CDH-20-052
* 601 gpt silver over 1.23 meters within a wider intercept of 279 gpt silver over 4.08 meters and 199 gpt silver over 7.53 meters within the F Vein.
CDH-20-053
* 753 gpt Ag over 0.95 meters within 620 gpt silver over 2 meters, 496 gpt silver over 3 meters and 116 gpt silver over 34 meters within the F Vein.
* CDH-20-053 is about 53 meters down dip and 15 meters north of CDH-20-052
CDH-20-054
* 319 gpt silver over 1.8 meters within 158 gpt silver over 5 meters within the F Vein.
* CDH-20-054 is 20 meters south of CDH-19-035 and approximately 20 meters further down dip.
CDH-20-055
* Returned two lower grade intervals within the F Vein approximately 100 meters and 125 meters down dip of holes CDH-19-035 and CDH-20-054 respectively.
Hole CDH-20-056 was abandoned due to bad ground about 150 meters before reaching target depth.
Click to view the plan map, https://tinyurl.com/y95up9q8
F Vein map, https://tinyurl.com/ycrhr6e9
and long section, https://tinyurl.com/yavhjk2d
and drill sections, https://tinyurl.com/yd8rafy6
This release brings the total holes of the Phase-II campaign drilled thus far in 2020 to 16; all of which have tested the F Vein with most returning multiple high-grade intercepts. A total of about 3200 meters of the announced 7000-meter program has been completed.
Drilling is ongoing and more results will be released once holes are completed and assays are received, compiled, and interpreted.
Prior to the work stoppage due to COVID-19 a total of 10 holes were completed. Results for the first 10 holes, previously released on May 19th and May 26th, 2020, have been provided again in the highlights below followed by a detailed table containing their full results:
Highlights of Holes CDH-20-042 to CDH-20-051 (news release May 19th and 26th, 2020):
(Click on the link at bottom of page to view the highlights)
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 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: https://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-reports-high-grade-silver-intercepts-including-601-gpt-over-123-meters-within-279-gpt-over-408-meters-and-753-gpt-over-095-meters-within-620-gpt-over-2-meters-at-columba-project-mexico
Kootenay Silver (KTN) - High-Grade Mexican Silver Trying to Excite the Market
Interview with James McDonald, President & CEO of Kootenay Silver Inc. (TSX-V: KTN; OTC: KOOYF)
KOOTENAY REPORTS PRIORITY TARGETS ON THE CERVANTES PORPHYRY GOLD-COPPER PROJECT IN SONORA, MEXICO
June 25, 2020
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) announces its partner on the Cervantes porphyry gold-copper property in Sonora, Mexico (the “Project”), Aztec Minerals Corp. (“Aztec”), reports final interpretation of a 3-Dimensional IP-Resistivity survey identifying multiple chargeability anomalies over a 5 kilometer (km) long corridor. (view IP chargeability map here) on the Project. https://tinyurl.com/y7je38fu
Numerous IP anomalies are associated with the previously mapped and sampled porphyry corridor (view geological map here https://tinyurl.com/y9c7mynm ) that extends at least 5 km long and up to 2 km wide from the California zone southwest through the Jasper, Estrella, Purisima East and Purisima West targets.
Six porphyry prospects along the corridor exhibit strong porphyry alteration and gold (copper) mineralization (view geochemical map here https://tinyurl.com/y8l24b7b ) within and adjacent to outcropping quartz-feldspar porphyry intrusions and diatreme breccias. The Jacobo target not covered by this 3-D IP survey may add an additional 2 km of length to the porphyry corridor to the southwest. Because the IP anomalies are closely associated with the mapped porphyry style mineralization it is interpreted they may reflect buried sulfides (potentially gold and copper bearing) typical of porphyry-type mineralization.
The 3-D survey encompassed 23.1 line km to cover the Purisima West, Purisima East and Estrella targets as well as an additional 4.5 line km of 2-D IP to tie into the 2-D IP survey conducted in 2016 (view 2016 IP chargeability map here https://tinyurl.com/yct7ovdc ). The benefit of 3-D IP surveys is to provide better definition of the size and shape of conductive or resistive bodies at depth.
Full details issued by Aztec Minerals can be found at: http://aztecminerals.com . Aztec have fulfilled their obligations under the earn-in option agreement and the parties are in the process of finalizing a joint venture agreement for the Cervantes Project with Kootenay holding a 35% interest.
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 and approved 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 junior 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 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: https://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-reports-priority-targets-on-the-cervantes-porphyry-gold-copper-project-in-sonora-mexico-2020-06-25
KOOTENAY REPORTS PRIORITY TARGETS ON THE CERVANTES PORPHYRY GOLD-COPPER PROJECT IN SONORA, MEXICO
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) announces its partner on the Cervantes project, Aztec Minerals Corp. (“Aztec”), has provided an updated review in anticipation of signing the joint venture agreement and developing the first joint venture exploration program. Aztec reports that an ‘integrated review of the geological, geochemical, and geophysical data on Cervantes has identified 11 targets in total of which 7 are ready for drilling.’
Drilling conducted during 2017 successfully discovered and partially outlined an oxide gold cap to a significant new porphyry gold-copper discovery at the California Zone. Mineralization within the California Zone remains open in all directions. Highlights from the 2017 drilling program include the following intercepts:
* 160m @ 0.77 gpt gold incl 80m @ 1.04 gpt gold, 0.11% copper in 18CER010
* 139m @ 0.71 gpt gold incl 20m @ 2.10 gpt gold, 0.16% copper in 17CER005
* 118m @ 0.63 gpt gold incl 43m @ 1.18 gpt gold, 0.16% copper in 17CER003
* 122m @ 0.60 gpt gold incl 62m @ 0.88 gpt gold, 0.06% copper in 18CER007
* 170m @ 0.42 gpt gold incl 32m @ 0.87 gpt gold, 0.06% copper in 18CER006
Preliminary metallurgical tests on California drill cores show very promising recoveries for heap leach gold. Testing was conducted on drill core samples grouped into 4 separate types of mineralization: Oxide 1, Oxide 2, Mixed Oxide/Sulfide and Sulfide. Results of bottle roll tests showed excellent potential for heap leach gold recovery, as follows:
* 85.1% recovery on 2.0mm material and 94.3% on 75-micron material in sample Oxide 1
* 87.7% recovery on 2.0mm material and 94.2% on 75-micron material in sample Oxide 2
* 77.9% recovery on 2.0mm material and 89.0% on 75-micron material in sample Mixed Oxide/Sulphide
* 51.2% recovery on 2.0mm material and 78.7% on 75-micron material in sample Sulphide
Additional Target Highlights
Purisima East – outcropping gossans, altered and mineralized diatreme breccias and porphyry intrusions marked by a 700m by 600m geochemical soil anomaly in 193 samples that average 0.25 gpt gold, a small historic ‘glory hole’ mine where rock chip sampling returned high-grade mineralization up to 44.6 gpt gold.
Estrella - outcrops of gossan and sulfides in silicified Paleozoic sediments near quartz porphyry dikes with rock chip samples up to 3.9 gpt gold and 2,010ppm copper.
Purisima West - a mirror image of Purisima East in size and type of gossans, altered and mineralized breccias and intrusions in association with gold and copper soil anomalies.
Jasper – 2017 trenching returned skarn/replacement-type mineralization up to 0.52% copper and 0.62 gpt gold over a 92.4 m length.
The full news release issued by Aztec Minerals can be found at: http://aztecminerals.com/. Aztec have fulfilled their obligations under the earn-in option agreement and the parties are in the process of finalizing a joint venture agreement for the Cerventes project with Kootenay holding a 35% interest.
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 and approved 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 junior 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 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: https://www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2020/kootenay-reports-priority-targets-on-the-cervantes-porphyry-gold-copper-project-in-sonora-mexico
Mark Bunting Interviews Jim McDonald, President & CEO of Kootenay Silver (TSX.V: KTN; OTC:KOOYF)
Mark Bunting and Jim McDonald talk about Kootenay Silver's prospects and upcoming catalysts for shareholders of the Company.
KOOTENAY SILVER INTERCEPTS HIGH SILVER GRADES 2,010 GPT OVER 1 METER WITHIN 762 GPT OVER 2.8 METERS & 865 GPT OVER 2 METERS WITHIN 317 GPT OVER 6 METERS - DEFINES NEW HANG WALL STRUCTURE AT COLUMBA PROJECT, MEXICO
May 26, 2020 (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce assay results from an additional four holes at the Columba high-grade silver project (the "Property"), located in Chihuahua State, Mexico. These holes are the remaining 4 of 10 holes completed from the 2020 drill program (the "Program") before the COVID-19 work stoppage.
Kootenay President and CEO, James McDonald stated: "Now we have drill results that show continuity and high grades along nearly 600 meters of strike on the F Vein at depths from 15 to 200 meters. Important to note in this release are holes 51 and 49 with silver grades exceeding 800 gpt and 2000 gpt, respectively. These grades are in new veins that are additive to the F Vein. The hanging-wall structure in particular shows high grades of silver and good continuity along 400 meters of strike. Holes 51 and 49 also hit high silver grades of 769 gpt and 484 gpt in the F Vein, successfully extending high grade silver mineralization 100 and 150 meters down dip from holes 45 and 42."
Highlights of Holes CDH-20-048 to CDH-20-051:
CDH-20-048
* 259 gpt silver over 1.06 meters in the Hanging-wall structure.
* 197 gpt silver over 3.6 meters within 124 gpt silver over 7.0 meters in the F Vein structure.
CDH-20-049
* 2,010 gpt silver over 1.0 meter within 762 gpt silver over 2.8 meters in the Hanging-wall vein.
* 368 gpt silver over 0.65 meters within 68 gpt silver over 10.2 meters in the Hanging-wall structure.
* 484 gpt silver over 1.4 meters within 209 gpt silver over 4.4 meters in the F Vein structure.
CDH-20-050
* 486 gpt silver over 0.45 meters within 50 gpt silver over 38 meters in the F Vein structure.
CDH-20-051
* 865 gpt silver over 2.0 meters within 317 gpt silver over 6.0 meters in the Hanging-wall structure.
* 769 gpt silver over 1.1 meters and 317 gpt silver over 4.36 meters within 72 gpt silver over 36 meters in the F Vein structure.
These holes show exciting expansion down dip and the continuity and high grade of a new Hanging-wall structure. Click the following links to view: Plan Map ( https://tinyurl.com/y79s47fq ) and Cross Sections for holes CDH-20-048 to 051 ( https://tinyurl.com/y6wrejff ).
Detailed Drill Results – Holes CDH-20-048 to CDH-20-051
(View via the link at the bottom)
All widths are drilled widths. At this time, it is estimated true widths will range from 60 to 80% of drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded to the nearest whole number.
The 2020 drill program at Columba was designed to follow up on the results of the 2019 drill campaign. Numerous priority areas identified and additional structures that remain untested will continue to be the focus of the Program once drilling recommences.
The Company anticipates to restart its Program at Columba during the first half of June 2020, restart is contingent on receiving approval of the Company's established COVID-19 prevention protocols from the Mexican Government. The Company submitted its plans to the authorities last week and are awaiting their approval before drilling can recommence.
The 2019 drill program totaled 6,853 meters in 41 holes. Detailed results for all drill holes can be viewed by clicking the following link: Columba Drill Results ( https://tinyurl.com/wthwnjm ).
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 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: https://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-intercepts-high-silver-grades-2010-gpt-over-1-meter-within-762-gpt-over-28-meters-and-865-gpt-over-2-meters-within-317-gpt-over-6-meters-defines-new-hang-wall-structure-at-columba-project-mexico
KOOTENAY SILVER REPORTS MULTIPLE HIGH-GRADE SILVER INTERCEPTS INCLUDING 1,585 GPT OVER 0.60 METERS WITHIN 553 GPT OVER 2.9 METERS & 782 GPT OVER 1.05 METERS WITHIN 400 GPT OVER 4.97 METERS AT COLUMBA PROJECT
May 19, 2020
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce assay results from the first six of ten holes completed to date as part of its 2020 drill program (the “Program”) at the Columba high-grade silver project (the “Property”), located in Chihuahua State, Mexico. These holes tested the F Vein structure along 400 meters of strike length with holes 42 to 45 focussing on gaps in the 2019 drill program, while holes 46 and 47 were step outs along strike.
Kootenay President and CEO, James McDonald stated: “We are very encouraged that the F Vein is showing continuity in both veining and grades and we are really looking forward to getting back on the ground and drilling more holes. Mine sites have been given the go ahead by the Federal Government of Mexico to restart operations and once it is confirmed exploration activities are included, we will be able to resume drilling.”
Highlights of Holes CDH-20-042 to CDH-20-047:
CDH-20-045
* 456 gpt silver over 1.5 meters within 2.5 meters of 350 gpt silver and 239 gpt silver over 4.3 meters in the F Vein.
* 974 gpt silver over 0.5 meters within 208 gpt silver over 3 meters in a footwall Vein.
CDH-20-046
* 1,585 gpt silver over 0.6 meters within 911 gpt silver over 1.4 meters and 553 gpt silver over 2.9 meters and 689 gpt silver over 0.5 meters all in the F Vein.
CDH-20-047
* 782 gpt silver over 1.05 meters within 400 gpt silver over 4.97 meters all within a wider interval of 15.65 meters averaging 166 gpt silver.
CDH-20-042
* Intercepted 111 gpt silver over 5.9 meters before entering an old mine working.
CDH-20-043
* Intercepted 105 gpt silver over 1 meter before entering an old mine working.
* Intercepted a footwall Vein grading 119 gpt silver over 5 meters.
CDH-20-044
* Encountered a fault zone displacing the F Vein interpreted as the same fault in hole CDH-19-004.
These holes continue to show good continuity across the area of the F Vein tested to date. They also returned some of the highest grades reported to date with two of the best holes, CDH-20-046 and 047, expanding the tested area toward previously reported CDH-19-035, which encountered 494 gpt silver over 1.35 meters in the F Vein and sits about 140 meters to the southeast of CDH-20-046 and 047.
Click the following links to view: Plan Map ( https://www.kootenaysilver.com/assets/img/nr/KTN-20-06_PLAN_MAP.pdf ) and Cross Sections for holes CDH-20-042 to 047 ( https://www.kootenaysilver.com/assets/img/nr/KTN-20-06_XS_DH42to47.pdf ).
Detailed Drill Results – Holes CDH-20-042 to CDH-20-047
(View via the link below)
All widths are drilled widths. At this time, it is estimated true widths will range from 60 to 80% of drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded to the nearest whole number.
The 2020 drill program at Columba was designed to follow up on the results of the 2019 drill campaign. Numerous priority areas identified and additional structures that remain untested will continue to be the focus of the current program once drilling recommences.
The 2019 drill program totaled 6,853 meters in 41 holes. Detailed results for all drill holes can be viewed by clicking the following link: Columba Drill Results.
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 and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company 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, blanks and duplicates 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 reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
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 junior 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 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: https://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-reports-multiple-high-grade-silver-intercepts-including-1585-gpt-over-060-meters-within-553-gpt-over-29-meters-and-782-gpt-over-105-meters-within-400-gpt-over-497-meters-at-columba-project
KOOTENAY SILVER TEMPORARILY SUSPENDS DRILL PROGRAMS AT COLUMBA & COPALITO SILVER PROJECTS, MEXICO
March 31, 2020
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") reports that it has temporarily suspended the current drill programs at its Columba silver & Copalito silver-gold projects located in the states of Chihuahua and Sinaloa, Mexico. These actions were taken to minimize the potential exposure of the novel coronavirus ("COVID-19") to the Company's employees, contractors, families and communities and to comply with the Mexico Presidential Decree issued March 30, 2020.
Kootenay President and CEO, James McDonald stated: "Although these drill stoppages are unfortunate, it is the responsible course of action to take under the current circumstances. Kootenay will continue to monitor the evolving situation and follow protocols consistent with minimizing the spread of the COVID-19 virus to protect the health of its work force and their local communities. Kootenay is well financed with $6.8 million in cash, no debt and possesses quality silver assets that will continue to strongly position the Company once the markets emerge from this crisis."
Prior to the work stoppage at Columba, the Company completed a total of 1,679 metres over 10 drill-holes of the planned 7,000 metre phase II program. To date, phase II drilling has focused on the historically mined F Vein to define the mineralized strike length and depth extent of the vein. Once the program resumes at Columba, drilling will continue to test F Vein in addition to other priority areas and structures where 2019 drilling intercepted favorable widths and appreciable silver grades. Detailed results for all 2019 drill-holes can be viewed by clicking the following link 2019 Columba Drill Results: ( https://tinyurl.com/wthwnjm ).
At the Copalito silver-gold project, located in Sinaloa State, the Company completed the first hole of a planned 3,000-meter drill program. The first drill-hole, totaling 105.2 meters in length, successfully intercepted the 5 Senores Vein over a drill width of nearly 40 meters. The program is designed to test 6 principal veins at the Property. Previous surface sampling by Kootenay along the veins returned significant silver and gold values over variable widths of 0.5 to 15 meters, (for previously reported samples see KTN news releases dated July 19, September 20, 2018, January 21 and April 10, 2019). To the knowledge of the Company, no previous significant modern exploration or drilling has been conducted at Copalito.
Kootenay intends to resume these programs once the health risk due to COVID-19 allows.
Results from the drilling completed to date, will be announced once the assays are received and interpreted by the Company.
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. All technical information for the Columba and Copalito exploration programs are obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval, location and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Hermosillo. 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, blanks and duplicates 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 scientific and 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 and approved 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.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
"James McDonald"
President & CEO
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: https://kootenaysilver.com
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.
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-temporarily-suspends-drill-programs-at-columba-and-copalito-silver-projects-mexico
KOOTENAY SILVER RECOGNIZED AS A 2020 TSX VENTURE 50™ COMPANY
February 20, 2020
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that it has been recognized in the 2020 TSX Venture 50™ as one of the top 50 performing companies on the TSX Venture Exchange (“TSXV”) and has been featured in a TSX Venture 50™ video that can be viewed by clicking this link. https://tinyurl.com/vquxt9h
The TSX Venture 50™ are the top 10 companies listed on the TSXV, in each of the five major industry sectors – mining, oil & gas, clean technology & life sciences, diversified industries and technology – based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ending December 31, 2019.
Kootenay President and CEO, James McDonald stated: "We are pleased and honoured to be recognized as a top 50 performer in the 2020 TSX Venture 50™. This selection not only validates the quality silver assets assembled by the Company but also recognizes the hard work conducted by our talented technical and administrative teams in Mexico and Canada. The year 2020, is an exciting one for the Company and its shareholders with plans for extensive drilling to follow up on the excellent 2019 results at Columba and the first ever drill program at Copalito.”
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 advancement of two of its existing silver resources located in the states of Sonora and Chihuahua, Mexico.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
“James McDonald”
President & CEO
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: https://www.kootenaysilver.com
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.
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-silver-recognized-as-a-2020-tsx-venture-50tm-company
KOOTENAY SILVER ANNOUNCES DRILLING BEGINS AT COLUMBA HIGH-GRADE SILVER PROJECT, MEXICO
February 19, 2020
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce the commencement of a 7,000-meter Phase II core drilling program (the "Program") following up on high grade results from the 2019 campaign at the Columba silver project ("Columba" or "Property") in Chihuahua State, Mexico.
Follow up drilling will focus on the results of Kootenay's 2019 inaugural 41-hole, 6,853-meter program, which targeted six different veins on the Property. Highlights from the 2019 drill program included the following:
Hole CDH 19-005:
* 775 gpt silver over 1.15 meters within 518 gpt silver over 2 meters and 230 gpt silver over 4.83 meters (F Vein)
Hole CDH 19-009:
* 519 gpt silver over 2.90 meters including, 1,070 gpt silver over 0.90 meters. Within the newly discovered hanging wall vein;
* 50.0 gpt silver over 10.40 meters followed by a 3.0-meter mined stope or tunnel interpreted as the F Vein (hanging wall stockwork).
Hole CDH 19-011:
* 648 gpt silver and 0.64 gpt gold over 1.0 meter within 245 gpt silver over 5.0 meters and 133 gpt silver over 11 meters (intercepting the F Vein)
* 228 gpt over 1.2 meters and 102 gpt over 1.87 meters (Two separate footwall veins intercepted)
Hole CDH 19-012:
* 699 gpt over 2.1 meters, 113 gpt silver over 1.35 meters, and 113 gpt silver over 0.6 meters (Three separate hanging wall veins)
* 755 gpt silver and 1.16 gpt gold over 1.75 meters within 476 gpt silver and 0.66 gpt gold over 3.15 meters and 184 gpt silver and 0.21 gpt gold over 11.0 meters (F Vein)
* 111 gpt silver over 2.0 meters (Footwall Vein)
Hole CDH-19-022:
* 244 gpt silver over 6.25 meters including, 373 gpt silver over 1.5 meters (intercepting the D Vein)
Hole CDH-19-030:
* 982 gpt silver over 1.9 meters within an intercept of 721 gpt silver over 4 meters and 415 gpt silver over 11.5 meters. The overall interval averaged 200 gpt silver over 25.85 meters intercepting quartz veinlets and hydrothermal breccias across the J Vein structure.
Hole CDH-19-31:
* 776 gpt Ag over 0.63 meters within 314 gpt Ag over 3 meters.
Hole CDH-19-38:
* 629 gpt Ag over 1.5 meters within 301 gpt Ag over 4.63 meters.
Hole CDH-19-041 (Twin of CDH-19-008):
* 650 gpt silver over 7.45 meters within a wider interval of 159 gpt silver over 39.9 meters intercepting banded quartz vein (F Vein) including 919 gpt silver over 1.15 meters; 953 gpt silver over 1 meter; 527 gpt silver over 1 meter; 860 gpt silver over 1 meter and 715 gpt silver over 1.8 meters.
Detailed results for all holes can be viewed on the following link: Columba Drill Results, https://tinyurl.com/wthwnjm
Phase II drilling will include two drill rigs. The first drill rig will concentrate on the historically mined F Vein, infilling large gaps between phase I holes and defining the strike length and depth extent. Both of which are open. The 2019 drilling along the F Vein intercepted high-grade silver over a strike length of 700 meters and to depths of over 200 meters. A second drill rig will follow once camp preparations are ready and will start in about 4 weeks' time. The second drill rig will test numerous other high-grade hits on different veins such as CDH-19-030, 31 and 38 mentioned above. Drill testing will include several other priority areas and structures that provide excellent potential for high-grade discovery; specifically, along veins where 2019 drilling intercepted favorable widths and appreciable silver grades.
Kootenay President and CEO, James McDonald stated: "These next 6 months will be very exciting as we will have a steady flow of news from two drills at Columba while we follow up on the numerous high grades confirmed from the 2019 program. Not only that but we are preparing an inaugural drill program for our second high-grade vein property Copalito; expected to begin in the first quarter."
The Company has contracted GlobeXplore, S.A. de C.V. of Hermosillo, Sonora, Mexico to conduct the drilling at Columba. Results of the drill program will be announced as soon as the assays are received and interpreted by the Company.
About the Columba Property
Columba is a past producing high-grade silver mine, which operated on a small scale circa 1910 and again briefly circa 1958-60. The Property covers a large high-grade epithermal vein system which the Kootenay has mapped over strike lengths from 200 meters to up to 2 kilometers and sampled with grades retuning up to 693 gpt silver on surface. The Project area includes a network of underground workings comprised of 4 shafts and 6 levels of drifts reported to measure over 1,000 meters in length. Historic* mine records indicate grades from these underground workings to range from 600 to 900 gpt silver with highlights of 1,900 gpt silver over 4 meters and 679 gpt silver along 133 meters of vein strike and 1.3 meters of vein width.
Columba Geology
Mineralization at Columba is textbook low to medium sulfidation epithermal vein hosted, displaying the classic zonation from non or weakly anomalous silver at high elevations that increase with depth into the classic high-grade zones that make them such profitable deposit types.
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. All technical information for the Columba 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. Samples are then labeled placed in plastic bags, sealed and with interval, location and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Hermosillo. 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, blanks and duplicates 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 scientific and 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 and approved 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.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
"James McDonald"
President & CEO
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: https://www.kootenaysilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility foracy or accuracy of this release.
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-announces-drilling-begins-at-columba-high-grade-silver-project-mexico
Kootenay Silver's President & CEO, James McDonald, is Interviewed by David Morgan, Publisher of the Morgan Report
Vancouver, British Columbia - (NewsFile Corp - January 31, 2020) - Kootenay Silver's (TSXV: KTN) (OTCBB: KOOYF) President & CEO, James McDonald, is interviewed by David Morgan, publisher of the Morgan Report.
KOOTENAY SILVER INTERCEPTS 650 GPT SILVER OVER 7.45 METERS WITHIN 159 GPT SILVER OVER 39.9 METERS AT COLUMBA SILVER PROJECT, MEXICO
Drill Highlights Include Overall Strike Length of F Vein Increased to 700 Meters
January 8, 2020
Kootenay Silver Inc. (TSXV:KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce assay results from the last seven core drill holes competed from its 2019 drill program at its Columba high-grade silver project (the “Property”), located in Chihuahua State, Mexico.
Kootenay President and CEO James McDonald states, “We continue to be pleased with drill results from Columba that now indicate significant strike extensions to the F vein and a potential new zone in the B vein south of the old mine workings. Hole CDH-19-35 extends F vein mineralization approximately 225 meters from high grade intercepts in holes CDH-19-11 and 12. High silver grades have now been encountered in the F vein for over 700 meters of strike length and remains open to depth and strike. Additionally, hole CDH-19-38 is also very positive as it intercepted 628 gpt silver over 1.5 meters in the B vein; 650 meters from old mine workings.”
Highlights of holes CDH-19-35 to CDH-19-041:
Hole CDH-19-035:
* 405 gpt silver over 2.28 meters within a wider interval of 103 gpt silver over 11.35 meters in a footwall vein to the F Vein;
* 494 gpt silver over 1.35 meters in the F Vein within 274 gpt silver over 3.0 meters and 60 gpt silver over 23.0 meters;
* 547 gpt silver over 1.0 metre within a wider interval of 114 gpt silver over 7.05 meters in a hydrothermal breccia in the E Vein.
Continued at:
https://www.kootenaysilver.com/news/kootenay/2020/kootenay-intercepts-650-gpt-silver-over-745-meters-within-159-gpt-silver-over-399-meters-at-columba-silver-project-mexico
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