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KOOTENAY INTERCEPTS 721 GPT SILVER OVER 4 METERS WITHIN 415 GPT SILVER OVER 11.5 METERS ON THE E & J VEINS AT COLUMBA SILVER PROJECT, MEXICO
December 12, 2019
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce assay results from six core drill holes recently completed on the E and J Veins at its Columba high-grade silver project (the “Property”), located in Chihuahua State, Mexico.
Recent Highlights of the Continuing Drill Program:
* 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.This intercept is within a new type of mineralization hosted within silicified breccias in close proximity to a distinct lithologic contact. The overall interval averaged 200 gpt silver over 25.85 meters intercepting quartz veinlets and hydrothermal breccias across the J Vein structure.
* Hole CDH-19-029: 67 gpt silver over 6.25 meters including 172 gpt silver over 2.09 meters intercepting quartz veinlets in rhyolite and hydrothermal breccias across the J Vein structure;
* Hole CDH-19-031: 314 gpt silver over 3.0 metres including 776 gpt silver over 0.63 metres in hydrothermal breccias and quartz veinlets across the E Vein structure. This intercept may be the same breccia horizon as encountered in hole CDH-19-030. More drilling is required to confirm the orientation and correlation of these breccias;
* Hole CDH-19-033: 146 gpt silver over 9.57 meters within 48 gpt silver over 59.8 meters intercepting the E Vein comprised of fault zone, quartz veinlets, manganese calcite vein, and brecciation across the E Vein structure); and
* Hole CDH-19-034: 103 gpt silver over 6.63 meters in the E Vein (quartz-barite vein with banded textures) and 124 gpt silver over 1-meter intercepting quartz veinlets in rhyolite and hydrothermal breccias (along the E Vein Structure).
Click the following links to view: Plan Map and Cross Sections for holes 29 to 34
Kootenay President and CEO James McDonald states “The high-grade intercept in hole CDH-19-030 represents an exciting new style of breccia and stockwork mineralization identifying a new and potentially wide-spread target area. It is about 700 meters away from the historically mined F Vein within a completely different vein. Similar breccia mineralization was seen in CDH-19-031 about 200 meters away and may be the same mineral zone. Determining if this is the case will be one of the priorities for the next phase of drilling in the new year.”
Continued at:
https://www.kootenaysilver.com/news/kootenay/2019/kootenay-intercepts-721-gpt-silver-over-4-meters-within-415-gpt-silver-over-115-meters-on-the-e-and-j-veins-at-columba-silver-project-mexico
Kootenay Silver Presentation ...impressive!(TSX:KTN.V; OTC:KOOYF)
https://kootenaysilver.com/assets/docs/2019-09-01-KTN_PRESENTATION_FINAL.pdf
Not many (i don't think have ever heard of them)....
Middle of August :
Mid September :
About a week ago :
Kind of a kick-ass-looking chart
But I'm afraid it's the volume which frightens me
Anyways......(sorry for all these charts but hey - that's what us chartists simply DO)
Re-examining / visiting the HUI 200 :
It's......a re-toying with the HUI 200 baby - * Not to mention with the 15 Hundred Gold Price.....
Perhaps the 2 go hand in hand
October of 2018
Turned out THAT would've been good timing (the HUI 150)
Recently Bigcharts deleted its' History (forcing me to go by memory here - which I kind of slightly fouled up)
This is from months ago back in July :
And but so here we are sitting at it now once again !.....
With everything on the line !.....Bullseye !
HUI 200 Baby !.......Like, c'mon you sucker. let's GO !
Have been highlighting / noting the (damned) 200 Level now ever since year 2013
Meanwhile :
DXY - U.S. Dollar - Bullion 15 hundred....?
KOOTENAY SILVER COMPLETES SURFACE ACCESS AGREEMENT ON THE COPALITO SILVER-GOLD PROJECT, MEXICO
October 3, 2019
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that the Company has signed a surface access agreement (the “Agreement”) with the local Ejido at the Copalito Project (“Copalito” or “Property”) located in the State of Sinaloa, Mexico.
The Agreement allows Kootenay full surface access to the land that covers the gold and silver epithermal vein system discovered by Kootenay as well as surrounding exploration potential at Copalito. The Agreement also allows the Company to conduct exploration activities including but not limited to mapping, sampling, geophysics, trenching and drilling.
Kootenay is currently in the process of filing necessary permit applications with the government to conduct a maiden drill program, with the expectation of permits being issued by the end of the year. The Company has retained the services of an environmental consultant to assist in and expediate the process. Updates on permitting and the proposed drilling program for Copalito will be reported in future news releases.
Copalito covers a gold and silver epithermal vein system comprised of numerous veins, with individual veins currently traced over strike lengths of up to two (2) kilometers. Veins vary in width from 0.5 to 15 meters at surface. Exploration efforts by the Company to date have been focused on six (6) known principal veins discovered by Kootenay, with results previously reported over the past year (see Company’s news releases dated July 19 and September 20, 2018, January 21and April 10, 2019).
Copalito Sampling Highlights:
* 7.2 gpt gold and 3,770 gpt silver in grab samples from 5 Senores and Agua Veins, respectively;
* 8.2 gpt gold including 583 gpt silver over a 1.1-meter chip sample across the 5 Senores Vein;
* 401 gpt silver including 0.24 gpt gold in a chip sample across 5.3 meters on 5 Senores Vein;
* 532 gpt silver over 3.0 meters and 306 gpt silver over 4.9 meters chip sampled across Agua Vein;
* 17.45% zinc, 9.89% lead, 76 gpt silver and 0.52 gpt gold in a grab sample taken at Pillar Vein; and
* Copper values of 5.1%, 1.6 % and 1.5% taken from the northern area of the Property along the Cobriza Vein
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.
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 kilometres 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. Kootenay’s wholly owned Mexican subsidiary can acquire a 100% ownership in the concessions by making staged payments over a 4-year period.
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. 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 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/2019/kootenay-completes-surface-access-agreement-on-the-copalito-silver-gold-project-mexico
Slideshow presentation by Kootenay Silver's President and CEO James McDonald at last week's Precious Metals Summit Conferences at Beaver Creek, Colo.
Kootenay Silver (TSX:KTN.V; OTC:KOOYF)
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2019/09/12/kootenay-silver-inc/play/stream/28397
KOOTENAY INTERCEPTS MORE HIGH GRADES ON COLUMBA SILVER PROJECT, MEXICO
Highlights include 1,070 gpt Silver over 0.9 meters within 516 gpt Silver over 2.9 meters and 408 gpt Silver over 4.85 meters within 33.5 Meters of 112 gpt Silver
Kootenay Silver Inc.(TSXV: KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce assay results from four (4) additional holes drilled on the Columba high-grade silver vein system in Chihuahua State, Mexico.Drilling is ongoing with 16 holes completed to date of a planned first phase 25 to 30-hole program.
'Kootenay President and CEO James McDonald states, “We are happy to see good high grade now over a wide range of strike and depth along the F Vein.Just as exciting are the high grades we are seeing in previously unknown hanging-wall veins with assays up to 1,070 gpt silver. The consistency of the known veins tested to date and the newly discovered hanging-wall veins certainly increases our confidence in the resource potential of the project”.
Drilling Discussion and Highlights:
Three things of note thus far:
Continues below:
https://www.kootenaysilver.com/news/kootenay/2019/kootenay-intercepts-more-high-grades-on-columba-silver-project-mexico
Here's a vote of confidence: https://www.barchart.com/stocks/quotes/KOOYF/overview
KOOTENAY ANNOUNCES $5 MILLION INVESTMENT BY STRATEGIC INVESTOR ERIC SPROTT
August 13, 2019
Kootenay Silver Inc.(TSXV: KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to announce a non-brokered private placement of $5,000,000 consisting of 31,250,000 units (the “Units”) at a price of $0.16 per Unit (the “Placement Price”).
James McDonald President and CEO stated “We are very pleased to have the support of Mr. Eric Sprott as a major investor in Kootenay.Having Mr. Sprott make a significant investment in the Company is a strong endorsement of our silver asset base. This financing puts us in a very strong financial position and allows us to move aggressively forward on not just Columba, but our other key assets as well.”
Each Unit consists of one common share (“Common Share”) and one-half of one common share purchase warrant (“Warrant”). Each whole warrant entitles the holder to acquire one Common Share at an exercise price of $0.22 for a period of 36 months immediately following the closing date of the Private Placement.
The entire Private Placement is being fully subscribed and invested into by Mr. Eric Sprott. Upon completion of the financing Eric Sprott will hold 11.28% on a non-diluted basis and 16.02% on a partially diluted basis.
A finder’s fee of 4% of the gross proceeds of the Private Placement, will be paid to Mackie Research Capital Corporation who are an arms length finder and is payable in cash or Units, subject to TSX Venture Exchange approval.
Net proceeds of the Private Placement will be used to advance exploration of the Columba Silver Project in Chihuahua State, Mexico, potentially adding a further drill rig to expedite the current drill program, and to fund further work at Copalito, La Cigarra and other projects as well as for general working capital purposes.
All securities to be issued pursuant to the Private Placement will be subject to a four month hold period from the closing date under applicable securities laws in Canada and among other things, receipt by Kootenay of all necessary regulatory approvals, including the TSX Venture Exchange.
The securities being offered under the Private Placement have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2019/kootenay-announces-dollar5-million-investment-by-strategic-investor-eric-sprott
I have been in TEU## for quite a while in the red, and when Eric Sprott bought in a while ago the stock price went up rapidly. Just like today for KOOYF.
Just got on board today. Here's one of the reasons.
August
1
3
, 201
9
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
KOOTENAY
ANNOUNCES
$5
MILLION
INVESTMENT
BY
STRATEGIC INVESTOR
ERIC SPROTT
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or
“Kootenay”)
is pleased to announce
a non
-
brokered private placement of $5
,000,000
consisting
of 31,250,000 units
(the “Units”)
at
a price of
$
0.16
per
U
nit
(the
“Placement Price”)
.
James McDonald President and CEO stated “We are very pleased to have the support of Mr. Eric Sprott as
a major investor in Kootenay. Having Mr. Sprott make a significant investment in the Company is a strong
endorsement of our silver asset base. This fina
ncing puts us in a very strong financial position
and allows
us to move aggressively forward on not just Columba
,
but our other key assets as well.”
Each
U
nit
consists of
one
common
share
(“Common Share”)
and one
-
half
of one common share
purchase
warrant
(“Warrant”)
. Each whole warrant
entitles the holder to
acquire
one
Common S
hare at a
n exercise
price of
$
0.22
for a period of
36
months immediately following the closing date of the Private Placement
.
The
entire Private Placement is being fully subscribed
and
invest
ed into
by
Mr.
Eric Sprott. Upon
completion of the financing Eric Sprott will hold
11.28
% on a non
-
diluted basis and
16.02
% on a partially
diluted basis.
A
finder’s
fee of 4%
of the gross proceeds of the Private Placement
,
will be paid to Mackie Research Capital
Corporation
who are
an
arms length
finder and is
payable
in
cash or
Unit
s,
subject to TSX Venture Exchange
approval
.
Net p
roceeds of the
Private P
lacement will be used to advance
exploration
of the Columba
Silver Project
in
Chihuahua State, Mexico,
potentially adding a further drill rig
to expedite the current drill program
,
and to
fund
further work at Copalito, La Cigarra and other pro
jects
as well as
for general working capital
purposes
.
All securities to be issued pursuant to the Private Placement will be subject to a four month hold period
from the closing date under applicable securities laws in Canada and among other things, receipt by
Kootenay of all necessary regulatory approvals, in
cluding the TSX Venture Exchange.
The securities being offered under the Private Placement have not been, nor will they be registered under
the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold
with
in the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state
registration or an applicable exemption from the U.S. registration requirements. This release does not
constitute an offer for sale of securities in th
e United States.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral
projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the
largest portfolios of silver assets in Mexico
, Kootenay continues to provide its shareholders with significant
leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new
discoveries and the near
-
term economic development of two of its priority silver
projects located in prolific
mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President
at 403
-
880
-
6016
Ken Berry, Chairman
at 604
-
601
-
5652; 1
-
888
-
601
-
5650
or visit:
www.kootenaysilver.com
CAUTIONARY NOTE REGARDING FORWARD
-
LOOKING STATEMENTS:
The information in this news release has been prepared as at
August
1
2
, 2019
. Certain statements in this news
release, referred to herein as
"forward
-
looking statements", constitute "forward
-
looking statements" under the provisions of Canadian provincial securities laws. These
statements can be identified by the use of words such as "expected", "may", "will" or si
milar terms.
Forward
-
looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kooten
ay as of
the date of such statements, are inherently subject to significant business, economic and competitive
uncertainties and contingencies. Many factors,
known and unknown, could cause actual results to be materially different from those expressed or implied by such forward
-
looking statements.
Readers are cautioned not to place undue reliance on these forwar
d
-
looking statements, which speak only as of the date made. Except as otherwise
required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to a
ny such statements to
reflect any change in Kooten
ay’s expectations or any change in events, conditions or circumstances on which any such statement is based.
More
particularly, this release contains statements concerning the anticipated Private Placement. Accordingly, there is a risk tha
t the Private Pl
acement
will not be
closed
, or the Private Placement will be completed within the anticipated time or at all.
201
9
number
1
5
KOOTENAY ANNOUNCES DRILL RESULTS CONFIRMING SHALLOW, HIGH GRADE SILVER MINERALIZATION ON COLUMBA SILVER PROJECT, MEXICO
August 12, 2019
Highlights Include 2.0 Meters of 517.87 gpt Silver with 1.0 Meter of 775 gpt Silver
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce assay results of the Company’s first six holes drilled on the Columba high-grade silver vein system in Chihuahua State, Mexico. Drilling is ongoing with 11 holes completed to date of a planned first phase 25 to 30-hole program.
Kootenay President and CEO James McDonald states, “We are off to a successful start with our first six holes drilled at Columba verifying the F Vein is where expected and carrying high grade silver mineralization as high as 775 gpt silver. Drilling and detailed surface mapping confirms our belief the system is large and strong giving us added confidence in the chances of discovering a high-grade silver deposit."
Drilling Discussion and Highlights:
Continued below:
https://kootenaysilver.com/news/kootenay/2019/kootenay-announces-drill-results-confirming-shallow-high-grade-silver-mineralization-on-columba-silver-project-mexico
KOOTENAY TO COMMENCE DRILLING AT COLUMBA SILVER PROJECT, MEXICO
July 2, 2019
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce a drill rig has been mobilized to commence a minimum 3,000-meter core drill program at the Columba silver project (“Columba” or “Property”) located in Chihuahua State, Mexico.
Kootenay President and CEO, James McDonald stated: “We are excited to test the vein system to confirm the historically reported grades and widths. The first 12 holes of the drill program will be designed to test the F vein where underground development work extended to 200 meter depth and the historic mining occurred.”
Columba covers a large high-grade epithermal vein system which the Company has mapped 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. Click on this link to view a video that illustrates the historic underground mining data: https://player.vimeo.com/video/315503572
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.
* The Company cautions that a qualified person has not done sufficient work to verify the historical sampling data and has not substantiated any data as it pertains to the Property; therefore, the reader should not rely upon such historical grades. The information is not necessarily indicative of mineralization on the Property and is provided as background and context material for the reader.The Company is treating the historical sampling data as a guideline to determining potential future exploration programs.
The Company also announces stock purchase options have been granted under the Company’s stock option plan to officers, directors, employees and consultants to purchase up to an aggregate of 8.45 million shares of Kootenay at a price of $0.14 per common share for a period of five years.
About Columba
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, potentially high-grade silver epithermal system comprised of numerous veins, which the Company has mapped over strike lengths from 200 meters to up to 2 kilometers.
Columba Geology
Mineralization at Columba is text book 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. (Click on link to view an image that shows this zonation on the Property).
https://www.kootenaysilver.com/assets/img/nr/18-24_COLUMBA_GRADES_INCREASE.pdf
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 for the adequacy or accuracy of this release.
https://kootenaysilver.com/news/kootenay/2019/kootenay-to-commence-drilling-at-columba-silver-project-mexico
Kootenay Silver Reports Columba Access Road and Surface
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce completion of road building into the Company's Columba silver project, located in Chihuahua State, Mexico and that the surface access agreement with the landowner has been signed.
Kootenay President and CEO, James McDonald stated: "It took longer than predicted to finalize the road building and surface agreement, but with them in place drilling can now begin. Construction of a temporary camp on site for the drill crew is starting and expected to take about 10 days; during such time a drill rig will be mobilized. Drillers will arrive upon completion of the camp and drilling is expected to be underway the week of June 17(th). We are very excited to be on the doorstep of drill testing Columba and hope to confirm the impressive high grades reported from historic work."
Since acquiring Columba, the Company has undertaken a mapping and surface sampling program with silver grades of up to 693 gpt sampled on surface. This 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. (Click on this link to view a video that illustrates the historic underground mining data).
* The Company cautions that a qualified person has not done sufficient work to verify the historical sampling data and has not substantiated any data as it pertains to the Property; therefore, the reader should not rely upon such historical grades. The information is not necessarily indicative of mineralization on the Property and is provided as background and context material for the reader. The Company is treating the historical sampling data as a guideline to determining potential future exploration programs.
About Columba
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, potentially high-grade silver epithermal system comprised of numerous veins, which the Company has mapped over strike lengths from 200 meters to up to 2 kilometers.
Columba Geology
Mineralization at Columba is text book 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. (Click to view an image that shows this zonation on the Property). https://tinyurl.com/y2dg53y9
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 for the adequacy or accuracy of this release.
CAUTIONARY NOTES:
The sampling results disclosed in this news release are not necessarily indicative and drilling is required to confirm a mineral deposit.
https://www.kootenaysilver.com/news/kootenay/2019/columba-access-road-and-surface-access-agreement-completed
KOOTENAY SILVER REGAINS 100% OF PROMONTORIO AND LA NEGRA
June 7, 2019
Kootenay Silver Inc. (TSXV: KTN; OTC:KOOYF) (the "Company" or "Kootenay") announces that it has received notice from Pan American Silver Corp. ("Pan American") relinquishing it right to earn 75% interest in the Promontorio Mineral Belt which includes the Promontorio Resource ("Promontorio") and La Negra high-grade silver discovery (the "Project"), located in the state of Sonora, Mexico.
Kootenay President and CEO, James McDonald stated: "We thank Pan American for the considerable work they have done on the Project, in particular the extensive drilling completed at the La Negra high-grade silver discovery. Combined with the existing large resource base of Promontorio and over US$3.6million in exploration expenditures funded by Pan American in advancing the Project, we are regaining control of 100% of what we consider to be very valuable assets."
The Company is conducting an internal review of the comprehensive work performed on both La Negra and Promontorio and will plan the next steps for advancing these assets. Pan American's and Kootenay's drilling results at La Negra established the presence of good silver grades and continuity of silver within a large hydrothermal breccia pipe measuring about 100 to 200 meters wide and 500 meters long at surface.
The Company is in the process of receiving and collating data of work performed by Pan American so that it may update its digital data room in response to recent requests from other interested parties to review the project's technical information.
About Promontorio and La Negra High Grade Silver Discovery
The Promontorio Resource is situated on the "Promontorio Mineral Belt" Property that includes the La Negra silver discovery; located in the state of Sonora, Mexico. 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.
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, 87 drill holes totaling approximately 17,000 meters have been completed by Kootenay and Pan American with most intercepts returning widespread silver mineralization from surface to a vertical depth of over 300 meters.
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).
The NI 43-101 Resource Estimation was conducted on Promontorio by SRK Consulting Inc. (U.S.) of Lakewood, Colorado.
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 for the adequacy or accuracy of this release.
https://kootenaysilver.com/news/kootenay/2019/kootenay-regains-100-of-promontorio-and-la-negra
KOOTENAY PROVIDES UPDATE ON UPCOMING DRILL PROGRAM AT COLUMBA SILVER PROJECT, MEXICO
May 1, 2019
Kootenay Silver Inc. (TSXV:KTN; OTC:KOOYF) (the "Company" or "Kootenay") is pleased to announce that road construction is underway at the at the Columba silver project ("Columba" or "Property") located in Chihuahua State, Mexico.
The access road is presently being built for Kootenay to carry out the first modern drill program at the Columba high grade silver project. The Company has received necessary government permits and is in the process of reviewing tenders from drilling companies before awarding the contract for the upcoming drill program at Columba. Kootenay anticipates drilling to begin within the first part of May 2019.
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, potentially high-grade silver epithermal system comprised of numerous veins, which the Company has mapped over strike lengths from 200 meters to up to 2 kilometers. Underground workings found on the concessions include 4 shafts and 6 levels of drifts that have been 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 1900 gpt silver over 4 meters and 679 gpt silver along 133 meters of vein strike and 1.3 meters of vein width. Click on this link to view a video that illustrates the historic underground mining data: ( https://tinyurl.com/y68am8rw )
* The Company cautions that a qualified person has not done sufficient work to verify the historical sampling data and has not substantiated any data as it pertains to the Property; therefore, the reader should not rely upon such historical grades. The information is not necessarily indicative of mineralization on the Property and is provided as background and context material for the reader. The Company is treating the historical sampling data as a guideline to determining potential future exploration programs.
Columba Geology
Mineralization at Columba is text book 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. Click to view an image that shows this zonation on the Property: ( https://tinyurl.com/y2dg53y9 )
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: http://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2019/kootenay-provides-update-on-upcoming-drill-program-at-columba-silver-project-mexico
KOOTENAY REPORTS MULTIPLE PORPHYRY GOLD-COPPER TARGETS INTERPRETED FROM AIRBORNE MAGNETIC AND RADIOMETRIC SURVEY DATA AT CERVANTES PROJECT, MEXICO - UNDER OPTION TO AZTEC MINERALS
April 16, 2019
Kootenay Silver Inc. (TSXV: KTN; OTC:KOOYF) (the “Company” or “Kootenay”) is pleased to report that Aztec Minerals Corp. (“Aztec Minerals”) today announced interpretation of the recently completed airborne magnetic and radiometric survey data has interpreted multiple high-quality undrilled porphyry gold-copper targets on the Cervantes property in Sonora, Mexico.
The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages, with Kootenay retaining a 2.5 % NSR and receiving a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015.
Eleven target zones were confirmed by the airborne geophysical surveys, as can be seen on the magnetic and radiometric maps
Map #1 http://www.aztecminerals.com/_resources/images/AzMin-NR-Cervantes-16042019-1.jpg
map #2 http://www.aztecminerals.com/_resources/images/AzMin-NR-Cervantes-16042019-2.jpg
and the four main targets are summarized below:
* California is flanked by a substantial magnetic high on the east side, two magnetic anomalies on the southeast side, and sits in a lower magnetic embayment where the strongest alteration and mineralization were mapped, sampled and drilled by Aztec. The phyllic-argillic alteration is thought to have destroyed any magnetite in the QFP, typical of mineralized porphyry systems. There are no magnetic rocks on the surface nor in the drill core, thus the adjacent large-scale magnetic high is interpreted to be a larger intrusion, possibly with potassic-magnetite alteration. The IP chargeability high related to sulfide mineralization correlates well with both magnetic lows and highs and the resistivity high correlates to magnetic highs typically associated with intrusions. The strong chargeability high and strong magnetic high are both appealing drill targets
* Estrella is located between Purisima East and Jasper, marked by a prominent 3.0 km long by 1.0 km wide, NW-SE trending, strong magnetic high, about 65% covered by andesitic volcanics sitting on top of a low angle fault, thus prospective targets may exist below the andesites. Outcrops of hornfels containing pyrrhotite, pyrite, and chalcopyrite are found throughout the target area with QFP dikes. Three parallel but unique magnetic anomalies are interpreted to be buried intrusions, one of which outcrops towards the north as QFP and returned rock samples grading up to 3.91 gpt gold and 0.2% copper, an excellent drill target
* California North is a substantial magnetic high associated with an IP chargeability high forming a thick rind to the magnetic high at depth, providing an attractive target
* Purisima East is a moderate to weak magnetic anomaly within a circular feature, interpreted to be a diatreme body, with a very high radiometric anomaly, indicative of a high-level intrusion
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.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2019/kootenay-reports-multiple-porphyry-gold-copper-targets-interpreted-from-airborne-magnetic-and-radiometric-survey-data-at-cervantes-project-mexico-under-option-to-aztec-minerals
Kootenay Silver Reports Sampling Results And Discovery Of New Vein At High-Grade Copalito Silver-Gold Project, Mexico
VANCOUVER, April 10, 2019 /CNW/ - Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce sampling results from the Company's most recent mapping and surface sampling program (the "Program") conducted on outcropping veins at the Copalito Project ("Copalito" or "Property") located in the State of Sinaloa, Mexico.
Kootenay President and CEO James McDonald stated. "This is one of two projects we acquired over the last year with the potential for the discovery of high-grade vein hosted deposits. Vein widths, strike extents and grades encountered to date along with lack of any previous drilling indicate excellent potential for resource discovery. We will continue to advance Copalito to the drill stage while at the same time preparing for the first drill program on the Columba silver project the second of the two new projects."
Highlights of the Recent Copalito Sampling Program Include:
* La Chiva Vein cross section (previously reported at 1.5 meters of 1,700 gpt silver) extended to 3.8 meters grading 1,066 gpt silver as well as six (6) individual samples returning silver grades between 33 and 1,190 gpt;
* Discovery of a new vein "Chente" measuring over 400 meters in strike length with variable widths of over 0.5 to 1.5 meters with 10 samples returning silver grades from 4 to 68 gpt and gold grades from trace to 2.62 gpt;
* Pilar Vein extended an additional 500 meters to the northwest with 14 samples returning silver grades from trace to 233 gpt;
* Discovery of five (5) new small discontinuous veins over a one (1) kilometer wide area between the Cobriza and Pillar veins
* Evidence of carbonate veins situated 500 meters south of the 5 Senores Vein. While these veins do not grade, the system can be extended to the southwest.
Copalito covers a gold and silver epithermal vein system comprised of numerous veins, with individual veins currently traced over strike lengths of up to two (2) kilometers. Veins vary in width from 0.5 to 15 meters at surface. Previous exploration results have been focused on five (5) known principal veins, which have been previously reported (see Company's news releases dated July 19 and September 20, 2018 and January 21, 2019).
Summary of Results
Of the 62 individual channel and rock samples taken over six primary veins during the recent Program, 35 samples returned silver grades from 15 gpt to 1,190 gpt with 26 exceeding 30 gpt silver and 9 over 100 gpt silver (see table below for further details).
Results of the Program can be viewed in a series of maps by clicking the following link: Copalito sampling maps: http://tinyurl.com/y6gbkl25
Individual Channel and Rock Chip Sampling Table > 15 gpt
Click on the link link below to view the sampling table
Copalito Geology
Mineralization is hosted within classic low sulfidation epithermal quartz and rare calcite veins. Multiple mineral events are evidenced by banded mineralized clasts, 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 sulfides. 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.
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 kilometres 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. Kootenay's wholly owned Mexican subsidiary can acquire a 100% ownership in the concessions by making staged payments over a 4-year period totaling an aggregate of US$985,000.
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. 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 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 further information:
James McDonald, CEO and President at 403-880-6016;
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650;
or visit: http://www.kootenaysilver.com
https://www.newswire.ca/news-releases/kootenay-reports-sampling-results-and-discovery-of-new-vein-at-high-grade-copalito-silver-gold-project-mexico-848891605.html
Kootenay Silver Sampling Provides Continued High-Grade Results at Columba Silver Project, Mexico
VANCOUVER, March 28 2019 /CNW/ - Kootenay Silver Inc. (TSXV: KTN); OTC: KOOYF (the "Company" or "Kootenay") is pleased to announce the results from its ongoing mapping and surface program (the "Program") conducted at the Columba Silver Project ("Columba" or "Property") located in Chihuahua State, Mexico.
Highlights of recent field work include:
* Sampling continues to confirm increasing grades with increasing depth (lower elevations)
* Discovery of 5 new veins
* Approximately 2 kilometers of additional strike length identified in new veins and vein extensions
* Permitting underway for the first drill program scheduled for early Q2.
Recent mapping and surface sampling at Columba clearly demonstrates grades increase with depth, a characteristic common of epithermal vein deposits. With the exception of one sample all grades greater than 100 gpt silver occur below the 1820-meter elevation. Historic data indicates this pattern continues in the subsurface as well. Click this link to view a map of the sampling.
https://www.kootenaysilver.com/assets/img/19-02-Mapa_ColumbaGrades_v2.pdf
During the most recent round of sampling, 14 of 49 samples (43 channel, 5 grab, 1 panel), ranging in lengths of 0.50 and 2.0 meters returned silver values between 30 gpt to 187 gpt and 21 samples returned silver grades greater than 10 gpt. To date, sampling on surface veins by the Company has returned widths of 0.5 to 6 meters and carried grades of up to 692 gpt silver. See previous exploration results at Columba, reported November 19, 2018 and January 8, 2019 (click links to view new releases). Sampling highlights include:
692 gpt silver over 0.8 meters;
426 gpt silver over 0.7 meters;
360 gpt silver over 1.80 meters;
330 gpt silver over 2.0 meters;
275 gpt silver over 3.5 meters;
215 gpt silver over 3.0 meters; and
182 gpt silver over 6.6 meters
Kootenay is currently in the process of obtaining permits to carry out the first modern drill program at Columba which is scheduled to commence in the first half of Q2, 2019. Surface geological mapping and sampling will continue to prioritize drill targets for the program. Details from any subsequent work will be reported once the Company receives and compiles the results.
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, potentially high-grade silver epithermal system comprised of numerous veins, which the Company has mapped over strike lengths from 200 meters to up to 2 kilometers. Underground workings found on the concessions include 4 shafts and 6 levels of drifts that have been reported to measure over 1,000 meters in length. Historic* mine records indicate grades from these underground workings to range from 300* to 900+* gpt silver with highlights of 1900* gpt silver over 4 meters and 745* gpt silver along 256 meters of vein strike and 2.8 meters of vein width. Click on this link to view a video that illustrates the historic underground mining data. https://player.vimeo.com/video/315503572
* The Company cautions that a qualified person has not done sufficient work to verify the historical sampling data and has not substantiated any data as it pertains to the Property; therefore, the reader should not rely upon such historical grades. The information is not necessarily indicative of mineralization on the Property and is provided as background and context material for the reader. The Company is treating the historical sampling data as a guideline to determining potential future exploration programs.
Columba Geology
Mineralization at Columba is text book 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. (Click to view an image that shows this zonation on the Property). https://www.kootenaysilver.com/assets/img/nr/18-24_COLUMBA_GRADES_INCREASE.pdf
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: http://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/2019/kootenay-sampling-provides-continued-high-grade-results-at-columba-silver-project-mexico
Kootenay Silver Announces High Grade Sampling Results in New Zone at Mecatona Property, Parral Silver Mining District, Mexico
VANCOUVER, March 20, 2019 /CNW/ - Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce recent mapping and sampling results from ongoing surface exploration at its 100% owned Mecatona Property (the "Property"), located in the Parral Silver Mining District and southeast of the Company's flagship La Cigarra Project in Chihuahua State, Mexico. Click on this link to view the Property location.
Reconnaissance exploration recently completed at the Mecatona Property was successful in the discovery of a previously unknown silver, copper, gold zone hosted in pervasive skarn-altered Lower Cretaceous turbidites of the Mezcalera Group. Silver, copper, gold and anomalous cobalt mineralization is distributed in a 200 by 400 meter zone with apparent uniformity. Highlights of the program include 51 samples (29 chips averaging 1 meter in length, 17 grabs and 5 dump) taken across the new zone returning silver values averaging 110 gpt with a high of 486 gpt silver. Additional highlights of all samples taken within the mineralized zone include 12 of 51 samples grading > 100 gpt silver with 86% returning values greater than 20 gpt silver. Furthermore, the average of all 51 samples measured for copper was 1.7% with 30 samples returning greater than 1%. To view details of the sampling results please see the table below. Previous high-grade results were reported in the Company's news release of October 29, 2018.
Based on the length of mineralized structures, adjacent producing properties and the context within the Parral-San Francisco Del Oro-Santa Barbara mineral camps, Kootenay believes the Mecatona Property has the potential to host high grade vein type silver deposits. Follow-up work will be directed to systematic sampling of all old workings to establish the apparent continuity of mineralization and establishment of a data base to prepare for exploration drilling.
Mecatona Sample Results
(click on link below to view)
Geologic Description
Mineralization associated in the new zone is oxidized to assorted limonites with most of the copper mineralization hosted in the limonites. Depth of oxidation remains unknown. Mineralization occurs as a range of textures that includes bedding replacement, fracture/stockworks and disseminations, patches and hairlines. Quartz veins are not common with one dump sample showing anomalous gold (0.84 gpt), silver (373 gpt) and 16% lead and zinc. One location of unoxidized material, from an underground working showed chalcopyrite, bornite, arsenopyrite, pyrrhotite, galena, sphalerite in quartz and carbonate fracture/vein/gash system. The skarn is all fine grained marked by dense hard white to greenish beddings with local garnets and marble noted. The mineralization and high temperature skarn association is similar to parts of the mineralization settings of Santa Barbara/San Francisco silver camp situated only 20 kilometers northwest.
Elsewhere on the Mecatona Property, a silver-dominant epithermal mineral system is hosted in veins and breccias within a Tertiary rhyolitic caldera. One anomalous silica structure has been traced for over 1.7 kilometers and remains open along strike with silver values of 291, 205, 194, 190 and 169 gpt having been obtained from these epithermal veins. Early stages of exploration by the Company have also outlined other anomalous areas including a northeast trending zone outlined by stockworks and quartz veinlets within an 80-meter-wide argillic alteration zone. Several small active mines operated by local gambusinos, located 1.5 kilometer west of the Property, are reported to host high grades greater than 1 kg/ton silver at depth.
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. All technical information for the Mecatona 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 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.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For further information:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://www.newswire.ca/news-releases/kootenay-announces-high-grade-sampling-results-in-new-zone-at-mecatona-property-parral-silver-mining-district-mexico-824651420.html
New David Morgan interview on the kootenaysilver.com website... good general update from Jan
https://kootenaysilver.com/190228-Kootenay-Silver-final.mp4
KOOTENAY SILVER REPORTS HIGH GOLD RECOVERIES ACHIEVED AT CERVANTES GOLD PROJECT, SONORA, MEXICO - UNDER OPTION TO AZTEC MINERALS - COMPLETION OF 3,649 HECTARE AIRBORNE GEOPHYSICAL SURVEY
December 18, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to report that Aztec Minerals Corp. (“Aztec Minerals”) today announced high gold recoveries were achieved by cyanide leach analysis of five (5) drill holes from the California porphyry gold-copper prospect on the Cervantes property in Sonora, Mexico. The drill holes were selected from a northeast to southwest fence to represent the following main types of mineralization: oxide, mixed oxide-sulphide, copper enriched, and sulphide.
Gold recoveries by cyanide leach analysis include 87% gold and 45% silver recovery over 98 meters in hole 18CER007, 84% gold and 54% silver over 106 meters in 18CER006, and 84% gold and 49% silver over 93.5 meters in hole 17CER003. Silver recoveries around 50% are considered normal for most oxide gold deposits, as silver has slower leach kinetics compared to gold.
In conjunction with the recoveries from oxide material, significant cyanide leach results were also obtained from sulphide mineralization including 52% gold recovery in hole 18CER015 over 16 meters at 71-87 meters; and 73% gold recovery in hole 18CER010 over 40 meters at 96 to 136 meters. Lower cyanide leach gold recoveries were recorded in material where copper sulphide enrichment is abundant, however this type of mineralization represents only around 20% of the overall California zone.
The full news release issued by Aztec Minerals can be found at: http://aztecminerals.com/
The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages, with Kootenay retaining a 2.5 % NSR and receiving a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015.
Airborne Geophysical Survey
Aztec also reported that a helicopter-based airborne magnetic, radiometric, and VLF survey was recently completed at Cervantes covering the entire 3,649 hectare claim block with 100 meter spaced lines. The preliminary data shows an extensive magnetic high under the California target extending and broadening towards the north. Other targets such as Purisima and Jacobo have either low to very high magnetic responses respectively, suggesting that there is more than one phase of porphyry intrusions on the property. The radiometrics highlight the prominent Northeast-Southwest mineral trend and illuminate individual targets by their high total count (TC) responses.
A large and interesting northwest-southeast oriented magnetic high was detected on the northwest side of the survey and corresponds to a newly identified area of extensive gossan oxide and pyrrhotite-pyrite-chalcopyrite-arsenopyrite mineralization in hornfels and sediments intruded by feldspar-quartz porphyry dykes. The pyrrhotite indicates a reduced copper-gold system and likely contributes to the magnetic high.
Aeromagnetic and radiometric images are forthcoming and will be posted on our website once final processing has been completed. Interpretation of results will follow.
Sampling and QA/QC
Bulk samples were transported from Aztec’s secure warehouse to the ALS prep lab in Hermosillo then split for leach tests. The cyanide leach analyses were performed at ALS-Chemex with certified standards inserted into the sample stream and passed protocol. The new cyanide leach sample data was treated the same as prior drill hole geochemistry by calculating weighted average composites for true averaging. All data passed quality control and review under NI43-101 standards.
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.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2018/kootenay-reports-high-gold-recoveries-achieved-at-cervantes-gold-project-sonora-mexico-under-option-to-aztec-minerals-completion-of-3649-hectare-airborne-geophysical-survey ;
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce that it has acquired the Mecatona Property (the “Property”) by staking of 2,857 hectares in the Parral Silver Mining District, located south of the City of Parral in Chihuahua State, Mexico and southeast of the Company’s flagship La Cigarra Project.
To date, the Company has taken 78 samples, which include both channel and grab on the Property with silver values ranging from trace to a high of 735 gpt and gold values ranging from trace to 6.94 gpt. Appreciable base metals are also present within the mineralized system with lead and zinc values returning up to 3.5% and 8.0%, respectively. See table at the end of this release for sample details and click on this link to view maps.
The Property covers a silver-dominant epithermal mineral system hosted in veins and breccias. One anomalous structure has been traced for +1.7 kilometer and remains open along strike. Early stages of exploration by the Company have also outlined other anomalous areas including a northeast trending zone outlined by stockworks and quartz veinlets within an 80 meter-wide argillic alteration zone. Several small active mines operated by local gambusinos, located 1.5 kilometres west of the Property, are reported to host high grades greater than 1 kg/ton silver at depth.
The exploration plan at the Property is to map out and define the mineralized structures and then drill test them at the same elevations the high grade is known to occur at the neighboring small-scale mines. This exploration plan was used very successfully in discoveries such as Mag Silver's Juanacipio and Electrum's Los Gatos. Although the Property hosts several small to medium sized old workings there is no evidence of any modern exploration.
Based on the length of mineralized structures, adjacent producing properties and the context within the Parral-San Francisco Del Oro-Santa Barbara mineral camps, Kootenay believes the Mecatona Property has the potential to host high grade vein type silver deposits.
Regionally, the Property is part of the larger, productive Parral Silver District that includes the Santa Barbara and San Francisco del Oro mining facilities, Endeavour Silver’s Veta Colorada and La Pamilla projects and Kootenay’s La Cigarra.
Mecatona Property Sample Results
Sample
Number Sample
Type Gold
ppb Silver
gpt Copper
ppm Lead
ppm Zinc
Ppm
FC2036ch CH 133 351 70 4650 1150
FC2037g G 15 11 50 90 180
FC2038d D 158 28 30 150 310
FC2039sc SC 136 65 30 210 140
FC2040sc SC 37 368 920 15600 30
FC2041f F 91 98 240 35300 80000
FC2396f F 40 12 20 480 110
FC2397d D 5 169 40 400 130
FC2398d D 45 291 1140 1270 500
FC2399g G 19 69 50 690 360
FC2400g G N/A 97 150 480 230
FC2401g G 6 90 50 820 150
FC2402g G 9 79 60 840 410
FC2403g G 12 39 50 730 210
FC2404ch CH (1m) 43 9 20 13250 810
FC2405g G N/A 3 10 280 180
FC2406ch CH (1m) 112 14 30 1870 310
FC2407ch CH (1m) 12 10 20 15400 390
FC2408g G N/A 12 30 340 260
FC2408Ag G 6 12 20 400 260
FC2409g G 7 2 N/A 630 160
FC2410g G N/A 1 N/A 20 150
FC2411g G N/A 1 10 210 120
FC2412g G N/A 1 N/A 80 90
GG307ch CH (1m) N/A N/A N/A 170 70
GG308ch CH (1m) N/A 1 N/A 30 50
LM2570g G N/A 3 20 100 120
LM2571g G 17 14 30 11700 630
LM2572g G 11 257 40 250 170
LM2573g G N/A 205 70 370 70
LM2574g G 6 4 10 650 690
LM2575g G 11 3 N/A 100 220
LM2576sc SC 130 20 30 830 220
LM2577sc SC N/A 1 N/A 30 -20
LM2578sc SC N/A N/A N/A -20 -20
LM2579f F N/A N/A N/A 20 30
LM2580p P (2mt) N/A 5 10 160 70
LM2581ch CH (2mt) N/A 28 10 190 70
RJ068g G 16 N/A 20 50 90
RJ069g G N/A N/A 10 90 70
RJ070g G N/A 1 10 100 250
RT466f F N/A 1 N/A 660 30
RT492ch CH (3m) 16 27 20 160 90
RT493 G N/A N/A N/A 50 40
RT494 G 7 13 10 1500 220
RT495 SC 6940 753 340 5320 490
RT496 G 23 44 10 170 60
RT497ch CH (2m) 7 80 70 940 170
RT498 G 10 55 40 3120 620
RT499ch CH 7 3 10 440 480
RT500 G N/A 1 N/A 240 70
TK447g G 29 328 40 200 80
TK448g G 16 1 N/A 160 110
TK449g G 6 5 N/A 980 110
TK450d D 22 194 150 3920 350
TK451g G 5 190 250 1830 590
TK452g G 42 7 10 240 140
TK453d D 5 1 N/A 120 190
TK454sc SC 23 53 50 1300 350
TK455p P 18 92 20 450 100
TK456g G 9 1 N/A 130 120
TK457g G 8 24 40 1840 450
TK458f F 58 53 20 520 200
TK459ch CH 14 17 40 2960 510
TK460g G N/A 2 N/A 160 120
TK461p P N/A N/A N/A N/A N/A
TK462f F N/A 1 N/A 20 20
TK463f G N/A N/A N/A 20 N/A
TK464g G N/A 10 N/A 970 280
TK465ch CH 50 20 70 4570 580
TK466ch CH 435 32 110 5980 470
TK467g G N/A 1 N/A 80 110
TR1511g G N/A 4 10 130 70
TR1512g G N/A 1 10 40 40
TR1513g G N/A N/A 10 90 80
TR1514g G N/A 1 10 120 90
TR1515g G N/A 2 10 170 370
TR1516g G 22 9 10 530 190
*G: grab sample, CH: chip-channel sample, F: float sample, SC: subcrop sample, D: dump sample.
Additionally, the Company announces it has entered an option agreement to acquire a 100% interest in the Meachen Bend Project (the “Meachen Property”) located 30 kilometers southwest of the famous Sullivan silver-lead-zinc mine which hosted 350 million ounces of silver, within 160 million tonnes grading 12% lead plus zinc and 68 gpt silver. The Meachen Property is comprised of three mineral tenures totaling approximately 1,048 hectares and covers elevated base metals, alteration and stratigraphy consistent with those areas peripheral to a silver-lead-zinc Sullivan style deposit. In addition, a strong single line MT conductor sits at relatively shallow depths, which is believed by the Company could be caused by massive sulfides distinctive to a Sullivan type deposit. Pursuant to the terms of the Acquisition, the Company must issue 500,000 common shares over 4 years upon receipt of TSX Venture Exchange (“TSXV”) approval. Following completion of the option the venders will retain a 1.5% net smelter return upon earn in, of which, one-half percent (0.5%) can be purchased by the Company for $500,000.
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. All technical information for the Mecatona 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 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.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at October 28, 2018. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay’s expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
Copyright © 2018 Kootenay Silver Inc., All rights reserved.
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Kootenay Silver Inc.
Suite 1650 - 1075 W. Georgia St.
Vancouver, BC V6E 3C9
Canada
Kootenay Silver Reports Drilling at La Cigarra Returns Multiple Silver Intercepts Extending to the North & South of the Known Deposit
Highlights Include 109.27 gpt Silver Over 12 Meters and 736.25 gpt Silver Over 4 Meters
VANCOUVER, July 12, 2018 /CNW/ - Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce the results of eight core holes from its 2018 drill program carried out on its 100% owned La Cigarra silver project (the "Property"), located in Chihuahua, Mexico. Drilling was distributed over several priority zones on the Property including the Las Carolinas, La Borracha and Nogalera zones with results returning a series of medium to high-grade silver intercepts in all areas, further supporting t he expansion potential of the La Cigarra Resource. Click to view location of zones in relation to La Cigarra Resource ( https://tinyurl.com/ycb53vxl ;)
Kootenay President and CEO James McDonald states, "We are very excited by these results that further underscore the inherent potential for new discoveries and to substantially increase the size and scope of our established silver resource. In particular, drilling on Las Carolinas to the south of the deposit hit consistent grades and intervals of silver extending 100 meters on strike and 200 meters down dip. Drilling on the La Borracha Zone located contiguously north of the deposit further confirmed this target's large bulk tonnage potential, which now extends a full 1,100 meters on strike from the resource boundary"
Highlights of Recent Drilling:
Las Carolinas Zone:
* Hole CC-18-51 intercepted 109.27 gpt silver over 12.0 meters within a wider intercept of 45.22 gpt silver over 41.38 meters; extending the mineralized silver zone to the south for 100 meters as well as down dip for 200 metres; click to view a plan map of Las Carolinas ( https://tinyurl.com/ybkbh4d7 ) and this link for a cross section of hole CC-18-51 ( https://tinyurl.com/yb6ww3jc ;).
* Magnetic data further suggests silver mineralization to the south of Las Carolinas continues for upwards of two kilometres northeast of the Las Venadas Zone where drilling has returned high-grade silver; click to view magnetic structure ( https://tinyurl.com/ydy2p5ar ;).
* Hole CC-18-49 tested for continuity of the 104 vein and hit 143.86 gpt silver over 6.79 meters within a wider intercept of 78.89gpt silver over 14.0 meters; click to view cross section of hole CC-18-49 ( https://tinyurl.com/yb4gmnjk ;).
* Hole CC-18-50 was also drilled to test the 104 vein but the vein was cut off by a post mineral dyke.
La Borracha Zone:
* Hole CC-18-44 intercepted 73.00 gpt silver over 2.0 meters and 32.93 gpt silver over 12.37 meters further confirming La Borracha as a bulk tonnage silver target
* Mineralization to the north has been encountered for 1,100 meters beyond the La Cigarra Resource see Kootenay news release dated April 11, 2018 ( https://tinyurl.com/ybqshtnd ;).
Nogalera Zone:
* Hole CC-18-47 intercepted 2,890.00 gpt silver over 1.0 meter within a wider intercept of 736.25 gpt silver over 4.0 meters
* High grade silver mineralization at Nogalera looks promising as it is associated with a structurally focused zone of alteration and mineralization traceable for 800 to 1,000 meters on surface. Holes CC 18-45,46 and 48 all hit narrow weakly anomalous gold and or silver within similar structurally focused zones.
Detailed results of the 8 drill holes can be seen in the table listed below.
Drill Results:
(Click on the link below to view these results)
(1) True widths cannot be accurately determined from the information available at this time therefore core lengths are reported.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, 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 will be with HQ or NQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
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: http://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2018/kootenay-silver-reports-results-of-surface-sampling-at-copalito-silver-gold-project-mexico ;
KOOTENAY SILVER REPORTS DRILLING INTERSECTS 0.48 GPT GOLD, 0.07% COPPER OVER 85.2 METERS INCLUDING 0.66 GPT GOLD OVER 30.2 METERS AT CERVANTES GOLD PROPERTY, SONORA, MEXICO
June 26, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to report that Aztec Minerals Corp. (“Aztec Minerals”) today announced the results of the final 6 core drill holes from its 17-hole phase I drill program totaling 2,674 meters conducted on Kootenay’s Cervantes gold project, located in Sonora State, Mexico.
The final six holes successfully intersected long intervals of porphyry-type gold (copper, silver) mineralization and extended the strike length to more than 800 meters at the California and the Jasper prospect areas. Recent drill highlights include 0.48 grams per tonne (“gpt”) gold, 0.07% copper and 2.0 gpt silver over 85.2 meters (approximate true width) in hole CER15, with a higher-grade intercept of 0.66 gpt gold over 30.2 meters. Click the following links to view a drill plan ( https://tinyurl.com/y938cok7) and long section ( https://tinyurl.com/ybjrtfa4 ;).
The full news release issued by Aztec Minerals can be found at: http://aztecminerals.com/
The Cervantes Property is held under an earn-in option agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages. If Aztec earns 100% interest, Kootenay will retain a 2.5% NSR and receive a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 compliant resource estimate. See Kootenay news release dated October 13, 2015.
Drill Results
Please click on the link below to view the drilling table
*hole 18CER012 was abandoned at 52.85m due to drilling problems.
Notes: Drill holes were oriented to cross the most prominent mineralized structures seen in outcrops so core lengths reflect the approximate interpreted true width of the California zone mineralization.
Sampling and QA/QC
All core samples were split in half, placed into plastic bags, labeled with sample number, secured with zip ties, and placed in rice sacks by Aztec Minerals. Samples were typically collected in 2.0-meter intervals with occasional exceptions up to 6.0-meter intervals due to lower core recovery. Blanks, duplicates, and certified standards were inserted into the sample stream and subsequently reviewed without any outliers or abnormal results. The core samples were delivered to Bureau Veritas Laboratories in Hermosillo and analyzed for gold using a 30-gram sample by fire assay fusion with AAS finish. Core sample pulps were shipped to Vancouver and analyzed with a 0.25-gram sample using 4-acid ICP-MS providing analysis on 36 elements.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2018/kootenay-reports-drilling-intersects-048-gpt-gold-007-copper-over-852-meters-including-066-gpt-gold-over-302-meters-at-cervantes-gold-property-sonora-mexico ;
KOOTENAY SILVER OPTIONS COPALITO SILVER-GOLD PROPERTY IN MEXICO
May 16, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that through the Company’s wholly owned Mexican subsidiary has entered into an option agreement (the “Agreement”) to acquire a 100% interest in the Copalito Silver-Gold Project (“Copalito Project”) located in the State of Sinaloa, Mexico.
The Copalito Project covers a gold and silver epithermal vein system comprised of numerous veins, with individual veins currently traced over strike lengths up to 2 kilometres. Veins vary in width from 0.5 to 10 meters at surface and grade from background to highs of 7.2 gpt gold and 1,620 gpt silver in grab samples. The highest chip samples graded 573 gpt silver and 2.1 gpt gold over widths of 1 meter. Click this link to view maps and sample details: https://tinyurl.com/y7q24mnf ;
Kootenay President and CEO James McDonald states, “We are very excited about the potential at Copalito. It is a rare opportunity to find a project with such good surface values and vein widths in Mexico that has not been thoroughly drilled. We will be mapping and sampling the veins at surface to identify the best grading areas in the first step towards drill testing.”
There are numerous small to medium sized old workings within the Copalito Project area; however, there is no evidence of any modern-day exploration.
The Company’s management believes there is significant potential for the discovery of a high grade silver-gold vein deposit based on the anomalous values and good vein widths at surface. Vein textures are indicative of a classic low or intermediate sulfidation vein system.
The Copalito Project is located about 35 km east of McEwen Mining’s “El Gallo mine” complex along the western fringes of the Sierra Madre Occidental in northwestern Mexico with good access, topography and infrastructure. The project lies within a prospective northeast trending transform geological belt approximately 350 kilometres in length that includes the districts and projects of Parral, Santa Barbara, Dolores, Guanacevi, La Pitarilla and Palmarejo.
The Copalito Project consists of seven concessions totaling approximately 3,700 hectares. Under the terms of the Agreement, Kootenay can acquire a 100% ownership in the concessions by making staged payments over a 4-year period totaling US$985,000. The Company at its option may accelerate the payments due under the Agreement. Upon earn-in the vendors will retain a 0.5% net smelter return. Subject to TSXV approval, the Company shall pay an arms length party a finders fee of 100,000 common shares and a cash payment of C$10,000.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2018/kootenay-options-copalito-silver-gold-property-in-mexico
Kootenay Reports Drilling Intersects 0.77 gpt Gold Over 160.0 Meters Including 1.04 gpt Gold Over 80.0 Meters at Cervantes Gold Property, Sonora, Mexico
April 24, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to report that Aztec Minerals Corp. (“Aztec Minerals”) today announced the results of 3 additional holes from its phase I drill program totaling 3,000 meters, currently underway at Kootenay’s Cervantes gold project, located in Sonora State, Mexico.
Drilling by Aztec Minerals continues to intersect long intervals of porphyry-type gold (copper, silver) mineralization on the California Target.Recent results are highlighted by drill-hole 18CER010 which intersected 160.0 meters grading 0.77 grams per tonne (gpt) gold, 0.125% copper and 3.4 gpt silver, including a higher-grade intercept assaying 1.04 gpt gold, 0.11% copper, and 4.0 gpt silver over 80.0 meters starting at a down hole depth of 4.0 meters. Click here to view the map of the drill area: https://tinyurl.com/ybqz2vxb
The full news release issued by Aztec Minerals can be found at: http://aztecminerals.com/
The Cervantes Property is held under an earn-in option agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages which would leave Kootenay with a 2.5% NSR and a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015.
Drill Results
A table of drill results can be viewed via the link below.
Notes: Drill holes were oriented to cross the most prominent structures seen in outcrops so core lengths reflect the approximate interpreted true width of the California zone mineralization. One sample in hole 18CER010 had a value of 183.8 gpt silver but was capped at 20.5 gpt silver by statistical analysis. No other sample results required capping.
Sampling and QA/QC
All core samples were split in half, placed into plastic bags, labeled with sample number, closed with zip ties, and placed in rice sacks by Aztec Minerals. Samples were typically collected in 2.0m intervals with occasional exceptions of 2.1m to 4.35m intervals due to lower core recovery. Blanks, duplicates, and 3 different certified standards were inserted into the sample stream and subsequently reviewed without any outliers or abnormal results. The samples were delivered to Bureau Veritas Laboratories in Hermosillo and analyzed for gold using a 30gram sample by fire assay fusion with AAS finish. Samples were shipped to Vancouver and analyzed with a 0.25gram sample using 4-acid ICP-MS providing analysis on 36 elements.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2018/kootenay-reports-drilling-intersects-077-gpt-gold-over-1600-meters-including-104-gpt-gold-over-800-meters-at-cervantes-gold-property-sonora-mexico
Kootenay Silver's European Gold Forum slide show presentation (4/19/2018)
April 19, 2018 - 11:20 am
European Gold Forum presented by The Denver Gold Group, Inc. on behalf the world's precious metal producers.
http://www.europeangoldforum.org/egf18/company-webcast/KTN:CN/ )
Basserdan you seem to be a lonely voice in the wilderness about this stock. With the sliver/gold ratio in the 80's and mineralization open in many directions and locations this should have great potential.
KOOTENAY SILVER INTERCEPTS 437.08 GPT SILVER OVER 10 METERS EXTENDING SILVER MINERALIZATION 1000 METERS TO THE NORTHWEST ON ITS LA CIGARRA PROJECT, MEXICO
April 11, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce initial results from its current drill program on its La Cigarra silver project in Chihuahua, Mexico has successfully extended silver mineralization for 1000 meters to the northwest beyond the current 2.4-kilometer-long NI- 43-101 Resource envelope, along what is known as the La Borracha Zone. A total of seven broadly spaced holes were drilled across the La Borracha Zone with all seven holes hitting the mineralized structure, with the two highest grading holes being the two holes furthest from the resource. Six of the seven holes are reported herein with the seventh awaiting assay results.
Kootenay President and CEO James McDonald states, “We are very excited that drilling has extended silver mineralization for a full 1000 meters northwest of the La Cigarra resource. We are particularly enthused with holes 42 and 43, which are situated furthest from the resource boundary and carry the best grades indicating excellent potential for further resource expansion on strike. Moreover, the mineralization is shallow and projects to surface indicating potential for these intercepts to fall within an open pit shell. We look forward to providing further results from the current drill program as assays are received and compiled.”
Highlights include:
Hole CC-18-42
* 437.08 gpt silver over 10.0 meters within 267.07 gpt silver over 17.0 meters; includes samples of 947 gpt silver over 0.67 meters, 1755 gpt silver over 0.87 meters, 519 gpt silver over 1.0 meter and 1145 gpt silver over 1.0 meter.
Hole CC-18-43
* 144.05 gpt silver over 10.0 meters within 112.00 gpt silver over 16.0 meters and 61.8 gpt silver over 34.50 meters
Hole CC-18-38
* 102.80 gpt silver over 3.55 meters within 40.17 gpt silver over 22.0 meters
The mineralized structure is open along strike to the northwest as well as down dip. The results indicate the mineralized structure is continuous with the resource for an additional 1000 meters of strike to the northwest, it varies in width from about 15 to 45 meters and has been tested from surface down dip from between 50 meters and 150 meters.Full results are in the following table below. Click here to view a plan map.
http://www.kootenaysilver.com/assets/img/nr/2018-04-11-La_Borracha_Plan_Map.pdf ;
La Borracha Zone Drill Results:
Click on link at the bottom of the page to view these results.
1. True widths cannot be accurately determined from the information available at this time therefore core lengths are reported.
2. Previously released. See news release dated January 23, 2018.
Drilling has now started on the exciting newly discovered Nogalera Gold Zone where multi-gram gold has been found within a mineralized structure for at least one kilometer and remains open along strike. The first drill holes at Nogalera will test the southern 400 meters of the structure where previous sampling returned numerous multi-gram gold grades of up to 12.35 gpt gold and 179 gpt silver. See news release dated February 7 for more information.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, 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 will be with HQ or NQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2018/kootenay-intercepts-43708-gpt-silver-over-10-meters-extending-silver-mineralization-1000-meters-to-the-northwest-on-its-la-cigarra-project-mexico ;
Silver industry trends could lead to higher prices in 2018
Silver-focused equities can offer leverage
By Jason Smith
March 27, 2018
Looking Northwesterly at the La Cigarra Silver Project, located in Chihuahua State, Mexico.
Recent supply and demand trends for silver could create an environment for higher silver prices in 2018.
Supply and demand analyses of silver are complicated by its history as a monetary metal, which often causes its price to move in sympathy with gold.
Still, there were some trends from the Silver Institute’s World Silver Survey 2017 that are worth watching.
Silver production from mining was down 0.6 per cent to 885.8 million ounces due to a decrease in lead/zinc and gold mining, of which silver is often a by-product. Of note is the fact that this decrease is the first production decline since 2002. Another trend was a decline in scrap silver return, which was off one per cent to 139.7 million ounces.
On the demand side, while industrial silver fabrication dropped one per cent to 561.9 million ounces, photovoltaic demand surged 34 per cent in 2016, driven by a 49 per cent increase in solar panel installations. Overall demand was tempered by a nine per cent decrease in jewelry fabrication and a 17 per cent decrease in silverware fabrication.
Moving into 2018, silver has largely been range bound for the past year between US$15.00 and US$18.00 an ounce. Given its propensity to move with gold, silver bugs will likely keep their eyes on the gold market for cues on silver prices.
Rising inflation in the U.S. and around the globe could send the prices of both metals higher in 2018.
In that environment, companies with large silver resources, like Kootenay Silver Inc. (TSX.V: KTN; OTC: KOOYF), have a history of providing significant leverage on rising silver prices.
A Large Global Silver Resource
According to two resource calculations Kootenay has currently completed on its projects, the company controls 144 million ounces of measured and indicated silver-equivalent resources and 35.7 million ounces of inferred silver-equivalent resources. La Negra represents additional Silver resources once a resource is calculated.
Those resources come from silver projects in Mexico — its 100 per cent owned La Cigarra property in Chihuahua State and the Promontorio and La Negra projects in Sonora State. Those latter projects are also 100 per cent owned by Kootenay, but they are subject to a 75 per cent earn-in by Pan American Silver. Kootenay would retain a 25 per cent interest in them carried through to production.
Kootenay also has established a joint venture with Aztec Minerals on its Cervantes project in Sonora and with Antofagasta on its Silver Fox project in British Columbia.
A Flagship Project in a Storied Silver District
Without question, though, the company’s flagship project is La Cigarra.
The Parral region where the project is situated has produced over 800 million ounces of silver since the 16th century. La Cigarra boasts 51.5 million ounces of measured and indicated silver and 11.5 million ounces of inferred silver.
And it remains open in all directions. Kootenay Silver CEO James McDonald commented, “It’s a mineral-rich area, particularly when you’re on trend — and we are. We expect the resource we have will grow, both at depth and along strike.”
The company recently embarked on a 5,000-metre drilling program to test the La Borracha zone northwest of the deposit area, the 104-Vein zone at the southern end of the resource, and the Nogalera gold trend located still farther south.
The southern portion of this program will test the continuity of the mineralization at La Cigarra, which appears to trend toward the San Francisco de Oro and Santa Barbara mines. These historic operations have generated 500 million ounces of silver over the past 500 years and are currently home to several active mines, with reserves surpassing 200 million ounces and growing.
Partnering with Pan American Silver
In addition to news flow from its work on La Cigarra, Kootenay will also benefit from the work Pan American Silver is planning for its Promontorio and La Negra projects. Pan American can earn the aforementioned 75 per cent interest in those projects by spending US$16 million — US$8 million in exploration and US$8 million in cash payments to Kootenay.
The Promontorio project includes a pit-constrained resource and an underground resource. The pit-constrained resource consists of 92.0 million ounces of measured and indicated silver equivalent material and 24.3 million ounces of inferred silver equivalent material. The underground target contains 400,000 measured and indicated silver-equivalent ounces and 2.5 million inferred silver-equivalent ounces.
The claims that encompass Promontorio and La Negra cover a 6.5-kilometre-by-15-kilometre area.
Currently no 43-101 resource calculation has been prepared on La Negra. A total of 87 drill holes, drilled by both Kootenay and Pan American Silver have intercepted this target. Kootenay is confident that a potential open pittable, high-grade, 43-101 silver resources will be calculated on La Negra in the near future.
Up to Four Drilling Programs in 2018
Kootenay Silver Inc.’s (TSXV: KTN) fortunes in the early part of 2018 will hinge on the results from the drilling at La Cigarra.
“That’s the number one focus,” said McDonald. “If we hit high grades in this current round of drilling, it would be very good news.”
Between the La Cigarra news flow, news from up to three other projects, and the possibility of an upward swing in precious metals prices, share price catalysts abound for Kootenay Silver.
http://business.financialpost.com/business-trends/silver-industry-trends-could-lead-to-higher-prices-in-2018
KOOTENAY PROVIDES DRILLING UPDATE ON ITS LA CIGARRA SILVER PROJECT, MEXICO
March 20, 2018
Kootenay Silver Inc.(TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to provide an update on the Company’s ongoing drill program currently underway at the La Cigarra silver project (“La Cigarra”) located in Chihuahua State, Mexico.
Since drilling recommenced on the La Cigarra Project, six holes have been completed within the La Borracha Zone with all holes hitting the targeted mineralized zone.The mineralized zone intercepted at La Borracha is the extension of the structure, which hosts the La Cigarra resource, and drilling has now tested approximately 1000 meters of strike length beyond the resource. Logging and sampling of these holes is progressing well and results will be released once all assays have been received and interpreted by the Company.
Upon completion of the seventh hole at La Borracha, the drill will be moved to explore the newly identified Nogalera Gold Zone. Eight drill holes are immediately planned in this zone to test the anomalous gold mineralization that has been traced for a minimum 1,000 meters and remains open along strike. The first drill holes at Nogalera will test the southern 400 meters of the zone where previous sampling returned numerous multi-gram gold grades of up to 12.35 gpt gold and 179 gpt silver along the 1,000 metre-long trend. See the Company’s news release dated February 7 and February 15, 2018 for more information.
After drilling is completed in Nogalera, the Company plans to drill test the 104-Vein located in the southern end of the La Cigarra silver resource.Drilling will test for continuity and extent of previously intercepted high grades in the 104-Vein structure that was identified after the Kootenay technical team re-assessed previous drill results. The 104-Vein has recently been mapped on surface and traced for over 400 hundred meters. Much of the 104-Vein structure is consistently anomalous at surface with a low of 13 gpt silver over 0.7 meters and a high of 1,170 gpt silver over 1.7 meters in chip sampling.
Previous drill holes intercepting the 104-Vein encountered up to 310 gpt silver over 11.3 meters including 0.8 meters of 3,920 gpt silver (CC-12-104), 155 gpt silver over 17.25 meters including 342.55 gpt silver over 6 meters (CC-11-13), 100 gpt silver over 18 meters (CC-12-64, 260 gpt silver over 15.1 meters including 686 gpt silver over 4.6 meters (CC-11-13), 83 gpt silver over 10.7 meters and the southeastern most hole CC-14-155 with 138 gpt silver over 23.45 meters.
Kootenay has adequate funding to complete the program and plans to conduct an aggressive exploration program to include additional drilling of the mineralized zones within the property as well as explore for additional gold and silver mineralized rich areas.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at La Cigarra
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, 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 will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2018/kootenay-provides-drilling-update-on-its-la-cigarra-silver-project-mexico ;
Kootenay Announces 2018 Drill Program Underway On La Cigarra Silver Project, Mexico
February 15, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce the commencement of its 2018 drill program on its 100% owned La Cigarra silver project in the Parral Mining Camp, Chihuahua, Mexico.
The first phase of the 2018 program will consist up to 5,000 meters of drilling and will focus on three primary objectives, including:
* Drilling within the La Borracha Zone northwest of the La Cigarra silver deposit;
* Drill testing for continuity of high grade bearing structures such as the 104 “vein” (“104-Vein”) at the southern end of the resource; and
* The first drill test of the newly identified “Nogalera Gold Trend”.
A comprehensive second phase drill program will be determined following the assessment of the various targets and the results from the initial 5,000 meters of drilling.
Kootenay President and CEO James McDonald states, “We are very pleased to launch the first phase of our 2018 drill program on La Cigarra. Our recent successes identifying two new silver discoveries (RAM and Las Venadas) and multiple new priority targets, along with the identification of a potential new emerging gold trend, clearly underscores La Cigarra’s immense potential within one of Mexico’s premier mining districts.”
Upcoming Drilling and Development:
La Cigarra NI 43-101 Resource
Drilling will begin to the immediate northwest of the La Cigarra silver deposit following up on positive results from 2017 program, where hole CC-17-37 intercepted 107 gpt silver over 8 meters 500 meters beyond the edge of the current resource boundary. This is within the La Borracha Zone, which is the strike extension of the La Cigarra silver deposit. Approximately, 6 widely spaced holes are planned to determine the extent and grade of silver mineralization for 800 meters of strike beyond the resource. The overall objective will be to add silver ounces to the resource by testing the strike extent of the main mineralized structure hosting the La Cigarra silver deposit, which is largely untested by previous drilling.
Nogalera Gold Trend
Preparations are underway to prepare the first drill test of the newly identified gold trend at Nogalera upon completion of the La Borracha drilling. Anomalous gold mineralization has been traced on Nogalera for a minimum 1,000 meters and remains open along strike. The first drill holes will test the southern 400 meters of the zone where multi-gram gold grades of up to 12.35 gpt gold and 179 gpt silver. See the Company’s news release dated February 8, 2018 for more information ( https://tinyurl.com/yby7pfdf ).
104-Vein Structure
The third priority area is the 104-Vein situated at the southern end of the resource named Las Carolinas. Drilling will test the continuity and extent of high grades in the recently recognized 104-Vein structure. The 104-Vein structure was identified after re-assessing previous drilling and projected to surface where it has been traced for over 200 hundred meters. The southern 100 meters is consistently anomalous with a low of 13 gpt silver over 0.7 meters and a high of 1,170 gpt silver over 1.7 meters in chip sampling.
Previous drill holes encountered up to 310 gpt silver over 11.3 meters including 0.8 meters of 3,920 gpt silver (CC-12-104), 155 gpt silver over 17.25 meters including 342.55 gpt silver over 6 meters (CC-11-13), 100 gpt silver over 18 meters (CC-12-64, 260 gpt silver over 15.1 meters including 686 gpt silver over 4.6 meters (CC 11-13), 83 gpt silver over 10.7 meters and the southeastern most hole CC-14-155 with 138 gpt silver over 23.45 meters.
Results from the current multi-phase drill program will be ongoing and announced as assays are received and interpreted by the Company.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at La Cigarra
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, 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 will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2018/kootenay-announces-2018-drill-program-underway-on-la-cigarra-silver-project-mexico
KOOTENAY SILVER IDENTIFIES SIGNIFICANT NEW GOLD TARGET AT NOGALERA ZONE ON LA CIGARRA SILVER PROJECT, MEXICO - SAMPLING HIGHLIGHTS INCLUDE 12.35 GPT GOLD, 179 G/T SILVER & 19.75% LEAD
February 7, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce the surface discovery of a new area of multi-gram gold and silver mineralization with high lead at its 100% owned La Cigarra silver project, located in Chihuahua State, Mexico. Click here to view location map of new area relative to the resource and defined trends: ( https://tinyurl.com/y9vz8dv9 ;)
Gold mineralization has been traced by prospecting, mapping and sampling along mineralized structures within a broad area measuring 500 by 1000 meters. The gold trend is open on strike in both directions. Sampling returned numerous multi gram values of up to 12.35 gpt gold, 179 gpt silver and 19.75%lead along the 1000 meter long trend. Click here to view sampling results along the 1000 meter strike length: ( https://tinyurl.com/yccsr9jc ;)
The southern portion of the trend is well defined by mapping, chip and grab sampling along a mineralized area that extends for over 400 meters of strike and a width of 100 meters. This area is comprised of parallel shear zones with anomalous mineralization over widths generally in the range of 2 to 20 meters. Click here to view map of the sampling results along southern trend: ( https://tinyurl.com/ybgazp8v ;)
The gold mineralization sits along the southwestern extension of the previously reported Nogalera Zone which is defined by a large lead in soil anomaly with anomalous gold and silver in outcrop occurrences ranging from background to 10.8 gpt gold and 1060 gpt silver. Mapping will help determine if the newly recognized gold bearing structures extend into the Nogalera mineralization.
Follow up mapping, prospecting, hand trenching and chip sampling are underway to better define the mineralized structures in preparation for drilling.
Kootenay President & CEO, Jim McDonald states: "The consistent high gold values are new for the project where previously identified mineralization is silver dominant. This area represents an exciting new target for us and the first significant gold mineralization to be found on the project. We are actively and rapidly moving this new gold trend to drill stage with plans to be drilling it near the end of the first quarter.”
Rock Sampling Highlights > 0.1 gpt Gold
Area 1 –
Click here to view map of gold samples: ( https://tinyurl.com/y9xqe5p8 ) ;
Click here to view map of silver samples: ( https://tinyurl.com/ydchhrje ;)
Area 2 -
Click here to view map of gold samples: ( https://tinyurl.com/y8l5labb ;)
Click here to view map of silver samples: ( https://tinyurl.com/yaa6amr2 ) ;
Geology & Sampling Discussion
The anomalous nature of the structures is indicated by the average of 118 samples taken from the 1000 meter long gold trend which averages 0.78 gpt gold, 23.1 gpt silver and 1.1 % lead including an aggregate length of 105 meters in chip samples. Click here to view the 118 samples: ( https://tinyurl.com/y6u6jd67 ;)
In area 1 and 2 the overall width of the mineralized trend is about 100 meters and the gold mineralization looks to be related to parallel shears zones within the 100 meters where individual zones appear to range from 5 to 20 meters in width.
The gold is associated with strongly faulted to sheared and argillically altered sediments with minor silicification and quartz veining. Manganese carbonate also occurs in the zone but seems to be associated with a separate zone of silver dominant mineralization.
Sampling and QA/QC
Surface samples reported herein are a combination of grab, chip and panel chip. All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists. 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 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.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2018/kootenay-identifies-significant-new-gold-target-at-nogalera-zone-on-la-cigarra-silver-project-mexico-sampling-highlights-include-1235-gpt-gold-179-gt-silver-and-1975-lead ;
KOOTENAY SILVER REPORTS HIGH GRADE INFILL DRILL INTERCEPTS AT LA NEGRA, MEXICO - HIGHLIGHTS INCLUDE 1,161 GPT SILVER OVER 5.15 METRES
February 5, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce the results of the final 10 drill holes from the 2017 drilling campaign completed by Pan American Silver Corp. (“Pan American Silver”) on the La Negra silver discovery. The definition drill program completed on La Negra is part of an option agreement between Kootenay and Pan American Silver that provides Kootenay with a series of work and cash commitments and a carried to production interest on La Negra and the Promontorio Mineral Belt located in Sonora State, Mexico.
Kootenay President and CEO James McDonald states, “We are pleased with the excellent grades and continuity encountered in the La Negra mineralized breccia with the infill drilling conducted in 2017. We are looking forward to the 2018 exploration program which is entering the third year of our agreement with Pan American Silver and will focus on testing additional targets.”
It is anticipated that the 2018 program conducted by Pan American Silver will focus on developing drill targets outside the La Negra discovery. Drilling is currently underway on one such target a few kilometers north of La Negra. Additional mapping and sampling is required on other target areas prior to drilling.
Drill highlights from LN 17-86 to LN 17-95 include:
* LN-86-17: 1,625 gpt silver over 1.05 meters within 136 gpt silver over 50.65 meters and a separate interval of 515 gpt silver over 14.55 meters within 247 gpt silver over 49.15 meters
* LN-87-17: 1,161 gpt silver over 5.15 meters within 273 gpt silver over 59.20 meters
* LN-88-17: 309 gpt silver over10.30 meters within 93 gpt silver over 56.05 meters
* LN-89-17: 106 gpt silver over 11.05 meters within 60 gpt silver over 11.05 meters
* LN-90-17: 79 gpt silver over 5.10 meters and a separate interval of 434 gpt over 7.20 meters within 79 gpt silver over 95.85 meters
*LN-91-17: Four separate intervals of: 271 gpt silver over 3.85 meters; 74 gpt silver over 22.50 meters; 71 gpt silver over 1.95 meters; and 237 gpt silver over 2.35 meters.
Click to view Drill plan and cross sections: https://tinyurl.com/y9f4zje8 ;
A summary of the infill drilling within the mineralized zone is provided in the table below.
(Click on the link below to view the summary)
Note: all intervals are downhole. Holes are oriented approximately perpendicular to the mineralized trends, and downhole lengths may be slightly shorter than the stated interval.
Holes LN 86-17 to 91-17 and LN 05-17 are infill holes in the mineralized breccia with all intercepting positive results similar to previous drilling from the breccia. Holes LN 91 to 94 were step out holes ranging from 100 to 350 meters along strike. These holes did not intercept significant mineralization.
Pan American Silver began managing the exploration program in April 2016 and since that time has drilled approximately 10,900 metres in 56 holes, re-logged drill core, conducted geological mapping and re-interpretation, and completed 62 kilometers of magnetic ground surveys. Additionally, Pan American Silver has added additional concessions to the Promontorio mineral belt.
QA/QC
Samples were assayed by Inspectorate of Hermosillo, Mexico, using four acid digestion 35 element ICP analytical methods with fire assay for Au and Ag with atomic absorption finish and gravimetric finish, respectively. Pan American Silver has followed a Quality Assurance/Quality Control program comprised of the insertion of blank material and certified standard samples at a frequency of one each for every 20 samples. There is no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to in the table.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit http://kootenaysilver.com/ ;
http://kootenaysilver.com/news/kootenay/2018/kootenay-silver-reports-high-grade-infill-drill-intercepts-at-la-negra-mexico-highlights-include-1161-gpt-silver-over-515-metres ;
KOOTENAY ANNOUNCES DRILL RESULTS AT LA CIGARRA SILVER DEPOSIT, MEXICO – HIGHLIGHTS INCLUDE 8 METERS OF 107.12 GPT SILVER WITHIN 31 METERS OF 45.75 GPT SILVER
January 23, 2018
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce the results of the remaining nine core holes from the Company's 2017 drill program carried out at its 100% owned La Cigarra silver property, located in Chihuahua State, Mexico. The La Borracha Zone showed encouraging results along the northern extension of the La Cigarra resource all of which sits within a nine-kilometer-long mineralized trend.
Drill Highlights from Hole CC-17-37 in the La Borracha Zone:
* 107.12 gpt silver over 8 meters within 47.75 gpt silver over 31 meters
* 42.06 gpt silver over 15 meters (second interval)
* A total of 46 meters of silver mineralization separated by 15 meters of rhyolite dyke.
Kootenay President and CEO James McDonald stated "La Borracha is a very exciting target with the potential to add a significant number of new ounces to our resource. The zone has been traced on surface from the resource northward for at least 1,100 meters and the latest hole CC-17-37 indicates good grades and widths. The zone has seen very limited drilling and we are eager to commence the next round of drilling in the first half of February. "
Drill Notes:
The La Borracha drill intercept in Hole CC-17-37, is about 500 meters northwest of the Resource with 107.2 gpt silver over 8.0 meters within a wider intercept of 31 meters grading 45.75 gpt silver. There is a total of 46 meters of mineralization in the hole separated by 15 meters of rhyolite dyke. The second interval grades 42 gpt silver over 15 meters. These results extend silver mineralization 100 meters down dip from a previous hole (CC-12-089), which returned an intercept of 56 gpt silver over 9.25 meters. To date, 12 holes have been drilled along the La Borracha trend with nine of those being drilled too far west to hit the main mineralized structure extending northward from the resource. Additional previous holes of note include 166 gpt silver over 4.5 meters (CC 12-93), 130 gpt silver over 2.95 meters (CC-11-29) and 455 gpt silver over 1.5 meters (CC-11-28). To view the site plan of the La Borracha Zone and a cross section, please click on the following link: http://www.kootenaysilver.com/assets/img/nr/18_03_Borracha_Plan_Section.pdf
The mineralized zone at La Borracha remains open along strike for 1,100 meters and down dip to the northeast. Surface sampling has returned strongly anomalous silver values over widths of 70-80 meters on surface. In addition to the drilling in La Borracha, the Company also completed three holes in Las Venadas and five holes in Navidad.
Anomalous silver and elevated lead-zinc continued to be intercepted at La Venadas. Las Venadas sits about 800 meters south of the resource and includes a very broad area of mineralization in veins, vein breccias and stockworks. Follow up work will include mapping and geologic modeling to focus on those areas of best grade with particular attention to the strong and long mineralized intercepts in holes CC-17-26 and CC-17-28. The Navidad zone immediately east of the resource returned some anomalous results and no follow up drilling is anticipated at this time.
Drill widths reported are all core lengths. Hole CC-17-37 in La Borracha is interpreted to be about 90% of true width. The Venadas and Navidad true widths are not known at this time.
Drill Results
(click on link below to view the drill results table)
(1) True widths cannot be accurately determined from the information available at this time therefore core lengths are reported.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, 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 will be with HQ or NQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2018/kootenay-announces-drill-results-at-la-cigarra-silver-deposit-mexico-highlights-include-8-meters-of-10712-gpt-silver-within-31-meters-of-4575-gpt-silver ;
KOOTENAY SILVER PROVIDES 2018 EXPLORATION PLANS & REVIEW OF 2017 ACTIVITIES
January 10, 2018 - Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to provide its exploration strategy for 2018 and a review of its exploration programs and corporate activities during the prior year.
Kootenay President and CEO James McDonald states, “As we prepare for an exciting year ahead of drilling in 2018, we are pleased to provide a review of activities detailing many of Kootenay’s significant achievements in 2017. Supported by an established NI 43-101 silver asset base of over 140 million ounces of silver equivalent*, we will focus our resources on accelerating the growth of this asset base in 2018. Our top priority remains the advancement of our flagship La Cigarra silver project, located in the Parral mining district in Chihuahua, Mexico. Ongoing exploration in 2018 will include drill testing of high-grade structures extending from La Cigarra’s existing silver resource, drill testing several new priority targets and the advancement of two recent discoveries on the project. We look forward to providing further updates on activities as they develop.”
2018 Upcoming work programs and news flow:
* In 2018, Kootenay will place a major emphasis on advancing the La Cigarra project. The first three weeks of the program will focus on selection and prioritization of drill targets and include some additional mapping in preparation of drill site selection.
Focus will be on:
* Commencement of drilling at La Cigarra
* Drilling on strike to expand resource both north and south
* High grade structures and zones
* Drilling of new targets with priority on grade
* Drilling of new gold bearing structures in first quarter
* Follow up of the strong mineralization and veining at LasVenadas
Priority will be given to:
* Higher grade structures and mineral domains
* Expansion of the resource with focus on the best grading domains
* New discoveries with priority on best grading targets
* Shallower targets over deeper ones
Anticipated news flow items:
* Final results from 2017 La Cigarra drilling
* Final results from 2017 Promontorio/La Negra drilling from partner Pan American Silver
* Commencement of drilling at La Cigarra
* Ongoing results of 2018 drilling program on La Cigarra
* Initial results from Cervantes drilling from partner Aztec Minerals
* Updates on work programs on projects optioned out to third parties.
The Company anticipates drilling will commence at the beginning of February 2018. Drill meters with sequencing and prioritization of the various targets will be segmented into resource expansion (La Borracha), follow up drilling of recent discoveries (La Venadas and RAM) and testing new undrilled targets (southern extension). A map of the Cigarra Resource and potential growth areas can be viewed at https://tinyurl.com/yd7t65ya . Details on meters and areas to be drilled will be released in late January.
Project and Corporate Highlights:
La Cigarra Silver Project, Chihuahua State, Mexico (100% owned by Kootenay)
* Completed 37 core drill holes at La Cigarra resulting in two significant silver discoveries in the RAM and La Venadas zones.
* Re-logged entire La Cigarra silver deposit to define geologic controls on high grades.
* Mapping and sampling of Las Venadas, La Borracha, Navidad East and Navidad West, Soledad and Las Chinas zones as well as extension of Nogalera Zone southward into valley gravels.
* Extensive surface sampling along the numerous mineralized trends.
* Recognized various mineral zones north and south of the La Cigarra resource form a continuous and contiguous zone of alteration and anomalous silver mineralization for upwards of 9 kilometers.
* Discovered new mineralized structures that may be the southern extension of the RAM to Nogalera trend.
* New drill discoveries include Las Venadas located 800 meters south of the resource boundary and RAM approximately 1,000 meters west of the resource. Both zones are open along both strike directions and dip.
* Las Venadas drilling intersected more than 250 meters in core length of quartz-calcite and quartz vein breccia and veining within altered sediments. Hole CC-17-26 in particular bottomed in veining with samples grading as high as 799 gpt silver over 1.1 meters and 692 gpt silver over 1 meter in two different zones indicating excellent grade potential. The widest weighted average intervals is 91.32 gpt silver over 29.5 meters. A second hole intercepted the interval 140 meters along strike and about 60 meters deeper with similar results.
* RAM drilling included multiple intercepts of silver mineralization confirmed over 400 meters of strike length including 89.83 gpt silver over 18.0 meters; including 190 gpt silver over 3.0 meters. This system remains open along strike to the north and south for up to 3,400 meters and down dip to the west
La Negra Silver Discovery, Sonora State, Mexico (100% Kootenay owned and optioned to Pan American Silver)
* Announced the results of 26 holes from an infill drill program on La Negra silver discovery being operated by Pan American Silver. Drill results at La Negra include 529 gpt silver over 7.5 meters within 194 gpt silver over 40.8 meters. Further drill results from this program will be announced once received from Pan American and is expected during January 2018.
Silver Fox Project, British Columbia, Canada (100% owned by Kootenay & optioned to Antofagasta PLC)
* Commenced a 3,000 meter diamond drill program at its 100% owned Silver Fox Project, located in south eastern British Columbia. The target is a large sediment hosted copper-silver deposit such as those hosted in the same rock formations to the south in Montana, U.S.A., where deposits can reach into the 200 million ounces of silver size. This program is fully funded by a wholly-owned subsidiary of Antofagasta PLC under its earn-in agreement for the Silver Fox project. Results will be announced following meetings with Antofagasta in late January 2018.
Mark Project, British Columbia, Canada (100% owned by Kootenay & optioned to Antofagasta PLC)
* Extensive mapping and sampling of the property in search of a sediment hosted copper-silver deposit such as those hosted in the same rock formations in Montana, U.S.A. The program was designed to define the size and intensity of mineralization previously discovered and to establish drill targets. Results will be announced following meetings with Antofagasta in late January 2018.
Cervantes Project, Sonora State, Mexico (100% owned by Kootenay and optioned to Aztec Minerals)
* Announced that exploration partner Aztec Minerals identified encouraging gold and copper mineralization on the Company’s 100% owned Cervantes project. Aztec commenced a 14 to 17 hole core drill program on the Cervantes gold-copper porphyry property late 2017, with results expected in Q1 2018.
Closed financing in Q4 2017
* Raised $4,000,000 by closing a non-brokered private placement. Net proceeds will be used to fund the exploration and development of the Company’s La Cigarra project in Chihuahua State, Mexico, possible new acquisitions and for general working capital purposes.
*Resource Estimates for La Cigarra and Promontorio
La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 gpt silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 gpt silver. Resource Statement for the La Cigarra silver project located in Chihuahua State, Mexico: GeoVector Management Inc., Effective Date January 14, 2015.
The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 gpt silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 gpt silver equivalent. Resource Statement for the Promontorio Deposit, Sonora State, Mexico: SRK Consulting (U.S.) Inc., Effective Date March 31, 2013.
The Promontorio and La Cigarra NI 43-101 technical reports, including the assumptions therein, are filed on SEDAR at: http://www.sedar.com, and are also available on the Company’s website http://www.kootenaysilver.com.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P. Geo, President, CEO & Director for Kootenay, a Qualified Person.
Sampling and QA/QC at La Cigarra
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, 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 will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2018/kootenay-provides-2018-exploration-plans-and-review-of-2017-activities
Kootenay Silver slide show presentation with President & CEO James McDonald (TSXV:KTN; OTC:KOOYF)
By Cambridge House
November 27, 2017
KOOTENAY SILVER REPORTS AZTEC MINERALS BEGINS DRILLING AT CERVANTES PROPERTY, SONORA, MEXICO
November 14, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased that its exploration partner Aztec Minerals Corp. (TSXV: AZT) today announced the commencement of a diamond core drill program (the “Program”) on the Cervantes gold-copper porphyry property in Sonora State, Mexico.
The Program will consist of 14 to 17 holes totalling approximately 3,000 metres to test the gold oxide cap located in the California Zone, where 50m x 50m spaced soil sampling identified a 600m wide by 900m long gold anomaly averaging 0.44 grams per tonne (“gpt”).
Drilling will also test the gold-copper oxide mineralization found in the Jasper target, where Aztec recently identified 92.4m of 0.62 gpt gold and 0.52% copper in trenching (see Aztec’s news release dated October 3, 2017). During the Program, Aztec will drill one hole to approximately 500m depth to test one of the geophysical chargeability/resistivity anomalies identified by the induced polarization survey conducted last year for gold-copper sulfide mineralization.
The full Aztec news release can be found on their website or SEDAR profile.
The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages which would leave Kootenay with a 2.5 % NSR and a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate (see Kootenay news release dated October 13, 2015).
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-silver-reports-aztec-minerals-begins-drilling-at-cervantes-property-sonora-mexico
Kootenay Silver's 11/7/17 Slide Show Presentation in Zurich
TSX-V:KTN; OTC:KOOYF
Jim McDonald,
President & CEO
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2017/11/07/kootenay-silver-inc/play/stream/23827
KOOTENAY SILVER ANNOUNCES CONTINUED HIGH-GRADE RESULTS FROM INFILL DRILL PROGRAM ON LA NEGRA OPERATED BY PAN AMERICAN SILVER CORP.
October 5, 2017
HIGHLIGHTS INCLUDE: 281 GPT SILVER OVER 48.7 METERS - 403 GPT SILVER OVER 31.80 METERS
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce the results of 13 infill drill holes recently completed by Pan American Silver Corp. (“Pan American Silver”) on its La Negra silver discovery, contained within the Promontorio Mineral Belt in Sonora, Mexico. The current definition drill program on La Negra is part of an option agreement between Kootenay and Pan American Silver that provides Kootenay with a series of work and cash commitments and a carried to production interest on La Negra.
Kootenay President and CEO James McDonald states, “We are very pleased with Pan American’s work and the continued high-grade results achieved from the current infill drill program on La Negra. Assays continue to support the grades and widths encountered in previous drilling, further demonstrating the consistency and continuity of the high-grade silver mineralization contained within the resource. We are excited and look forward to Pan American completing the remaining 1500 meters of the program and additional metallurgical work.”
Drill highlights from LN 17-73 to LN 17-85 include:
* LN-76-17: 3004 gpt silver over 1.95 meters, 2,146 gpt silver over 1.00 meter and 558 gpt silver over 5.35 meters within 281 gpt silver over 48.70 meters
* LN-81-17: 3018 gpt silver over 1.10 meters within 274 gpt silver over 21.00 meters and a separate interval of 388 gpt silver over 11.40 meters within 274 gpt silver over 21 meters
* LN-82-17: 1098 gpt silver over 8.85 meters within 403 gpt silver over 31.80 meters and a separate interval of 138 gpt silver over 29.25 meters
* LN-83-17: 674 gpt silver over 7.60 meters within 289 gpt silver over 38.70 meters and a separate interval of 236 gpt silver over 76.35 meters
* LN-85-17: 308 gpt silver over 12.15 meters within 174 gpt silver over 53.80 meters and a separate interval of 571 gpt silver over 5.35 meters
Click to view: Drill plan and cross sections . http://tinyurl.com/ydxkxlk5
A summary of the infill drilling within the mineralized zone is provided in the table below.
(click on the link below to view the infill drilling summary)
Note: all intervals are downhole. Holes are oriented approximately perpendicular to the mineralized trends, and downhole lengths may be slightly shorter than the stated interval.
QA/QC
Samples were assayed by Inspectorate of Hermosillo, Mexico, using four acid digestion 35 element ICP analytical methods with fire assay for Au and Ag with atomic absorption finish and gravimetric finish, respectively. Pan American has followed a Quality Assurance/Quality Control program comprised of the insertion of blank material and certified standard samples at a frequency of one each for every 20 samples. There is no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to in the table.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-announces-continued-high-grade-results-from-infill-drill-program-on-la-negra-operated-by-pan-american-silver-corp
KOOTENAY SILVER REPORTS THAT AZTEC MINERALS TRENCHES 0.52% COPPER AND 0.62 GPT GOLD OVER 92.35 M WIDTH AT JASPER PROSPECT ON CERVANTES PROPERTY, MEXICO
October 3, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to report that Aztec Minerals Corp. (“Aztec Minerals”) today announced additional trenching has returned attractive gold, copper, and molybdenum grades at the Jasper prospect on Kootenay’s Cervantes Property in Sonora State, Mexico. The property is one of Kootenay’s generative projects and is under option to Aztec Minerals.
Additional hand trenching was conducted between and beyond the Penasco to the Cardon trenches, linking and further extending copper, gold, and molybdenum mineralization over a 71.0 meters linear distance in 92.35 meters of trenching. The sample interval weighted average over 92.35 meters returned 0.52% copper, 0.62 gpt gold, and 76 ppm molybdenum and continues to be open in all directions. Furthermore, the new trenching exposed a 6.0 meters interval of 4.78 gpt gold with 0.44% copper and 90 ppm molybdenum, in which several specks of visible gold were identified.
The copper values over the 92.35 meter length range from 0.0295% in highly leached quartz feldspar porphyry to 1.39% in copper oxide hosted quartz feldspar porphyry and hornfelsed sediment with lower hematite-goethite content. Over the same 92.35 meters, gold values range from <0.005 gpt to 7.15 gpt and the molybdenum values range from 5.2 to 249 ppm. Click the following link to view the Cervantes exploration maps. http://tinyurl.com/ychb8zb2
Kootenay Silver looks forward to further trenching results from Aztec Minerals on the Cervantes Property including drilling, which is anticipated to begin towards the end of October 2017.
The full news release issued by Aztec Minerals on its most recent trenching results can be found at: http://aztecminerals.com/
The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages which would leave Kootenay with a 2.5 % NSR and a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015. http://tinyurl.com/ybhey5kb
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay.
QA/QC
All samples, including certified standards were submitted by Aztec Minerals to Bureau Veritas Laboratories in Hermosillo, Sonora. Samples were measured over 1.5 to 2.0 meter intervals by measuring tape in hand dug trenches or across outcrops. Channeled rock was placed in plastic bags and labeled on both sides. Sample weights range from 4.0 to 7.0kg with a 5.9kg average. Sample tags were placed in the trenches to denote their location and a handheld GPS unit collected coordinates. The samples were driven in a company vehicle from the project directly to the laboratory in Hermosillo by the QP. All samples were analyzed by a 30 gram fire assay fusion with an AAS finish followed by a 45 element 4-acid ICP-MS analysis.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http:// www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-silver-reports-that-aztec-minerals-trenches-052-copper-and-062-gpt-gold-over-9235-m-width-at-jasper-prospect-on-cervantes-property-mexico
KOOTENAY SILVER MOBILIZES DRILL TO LA NAVIDAD ZONE, AT LA CIGARRA SILVER PROJECT, MEXICO
September 28, 2017
(please note: The underlined words are 'clickable' links when accessed via the link at the bottom of this page)
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that the latest drill hole on the Las Venadas Zone has been completed and the Company has mobilized the drill rig to the La Navidad Zone, at its 100% owned La Cigarra silver project located in the Parral District of Chihuahua State Mexico.
Kootenay Silver President & CEO Jim McDonald states, "Drilling at Las Venadas was successful in identifying what we believe is a very significant new silver zone with potential to add to the La Cigarra silver resource count (see news releases August 30th, 2017 and August 15th, 2017). Obviously we are looking forward to the follow up drill program on the new discovery once the current program is complete. Meanwhile we are excited to get the first ever drill holes into the La Navidad Zone, which offers considerable exploration upside given it’s similarities to the San Gregorio part of the deposit just 500 meters to the west.”
The La Navidad Zone is situated approximately 500 meters to the east and parallel to the San Gregorio Zone, which currently contains approximately 60% of La Cigarra’s NI 43-101 Mineral Resource Estimate of 51.47 million ounces of silver in the Measured & Indicated categories (18,540,000 tonnes) grading 86.3 gpt silver and 11.46 million ounces of silver in the Inferred category (4,450,000 tonnes) grading 80 gpt silver (see Northair News Release dated January 14, 2015 or SEDAR for information on the NI 43-101 technical report).
Rock and soil sampling programs completed on the La Navidad Zone defined a mineralized area measuring up to 1,000 meters long by 300 meters wide that is similar in size and silver in soil values as found at the San Gregorio Zone. To view the similarities between the two areas click the following link: Location, Sampling and Geological Setting Maps of La Navidad Zone on the La Cigarra Property.
Results from the ongoing 7,500-meter drill program at La Cigarra will be announced once assays are received, compiled and interpreted by the Company.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-silver-mobilizes-drill-to-la-navidad-zone-at-la-cigarra-silver-project-mexico
Kootenay Silver presentation @ PM Summit /Colorado (TSX-V: KTN; OTC: KOOYF)
Here's the link to the slide-show re-broadcast...
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2017/09/20/kootenay-silver-inc/play/stream/23226
KOOTENAY SILVER ANNOUNCES DRILLING ON NEW LA CIGARRA DISCOVERY EXTENDS SILVER MINERALIZATION 140 METERS TO THE NORTHEAST
August 30, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce results from hole CC-17-28 drilled to test the extension of a large new mineralized zone recently discovered in the Venadas target area on its La Cigarra Silver project in Chihuahua State, Mexico.
The Company reports assays from hole CC-17-28 returned a series of good grading silver intercepts, extending the new discovery zone 140 meters northeast of original discovery hole CC-17-26.
The weighted average intervals are:
Hole CC-17-28
* 168.64 gpt silver over 7.0 meters, within
* 121.25 gpt silver over 12.0 meters and
* 92.88 gpt silver over 24.20 meters
All intervals are core length as the strike, dip and shape of the zone and thus true widths are unknown at this time.
The strength and intensity of brecciation, veining and alteration observed in hole CC-17-28 is consistent with discovery hole CC-17-26, which bottomed in veining. Textures are indicative of a variant of an epithermal hydrothermal breccia complex. The new discovery zone is contained within the project’s Venadas target area 1000 meters south of La Cigarra’s established NI 43-101 resource. To view a set of maps click on the following link: http://tinyurl.com/y9epgn4k
Kootenay President and CEO James McDonald states, “The grades and characteristics of mineralization encountered 140 meters away from hole CC-17-26 further supports the large-scale nature and potential continuity of the new zone. We are looking forward to further drill testing of this exciting new discovery.”
The results represent only the upper part of the zone, as the hole was unable to drill further due to encountering faulted rock. Accordingly, it is believed the larger and stronger part of the system remained untested by the hole. In hole CC-17-26 more than 250 meters of veining, vein breccia was encountered right to the bottom of the hole with the stronger part of the zone toward the bottom of the intercept.
The intercept is 140 meters northeast of CC-17-26 and 62 meters deeper establishing some meaningful extent to the zone in just the second hole.
New Discovery Zone Proximity:
The new discovery zone is contained within La Cigarra’s Venadas target, which comprises a broad area of alteration and mineralization containing various different structures with vein-breccia, veins and veinlets, over an area measuring 500 by 800 meters. It is part of a trend of distinct mineralized structures, extending from La Borracha to the southward through the La Cigarra deposit (which includes the San Gregorio and Las Carolinas zones) into Las Venadas and further into Soledad and Los Chinos, over a distance of 6 kilometers.
Upcoming Drilling and Development:
Drilling will now move back to site CC-17-26, which bottomed in mineralization after drilling over 250 meters of veining, vein breccia. A shallower hole will be drilled from this site to finish testing the full extent of mineralization not tested in CC-17 26 and to provide a third intercept into the new zone which will aid in determining its shape needed to design further drilling. Once determined a drill program will be finalized for immediate and aggressive follow up drilling.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, 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 will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-announces-drilling-on-new-la-cigarra-discovery-extends-silver-mineralization-140-meters-to-the-northeast
KOOTENAY SILVER ANNOUNCES CORE DRILLING DISCOVERS SIGNIFICANT NEW MINERALIZED SILVER ZONE, 1,000 METERS SOUTH OF NI 43-101 RESOURCE
August 15, 2017
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce the discovery of a substantial new mineralized silver zone within the Las Venadas target area of its La Cigarra silver project in Chihuahua State, Mexico. The strength and intensity of brecciation, veining and alteration is much stronger than anything observed within the La Cigarra resource itself.
Kootenay President and CEO James McDonald states, “The discovery of a mineralized zone of this magnitude and strength of veining in the world-class Parral mining district is a highly significant development for the company. The large-scale nature and intensity of the mineralized zone offers exceptional future growth potential and is characteristic of other major silver deposits in the district such as the San Francisco Del Oro and Santa Barbara mines located closely to the immediate south.”
Management believes this new area of mineralization holds outstanding potential to add significant new resources to the La Cigarra deposit, which remains open along strike and to depth, and currently stands at 18.5 million tonnes grading 86.3 gpt containing 51.5 million ounces in the Measured and Indicated category, and an Inferred silver resource of 4.45 million tonnes grading 80.0 gpt containing 11.4 million ounces. Click to view: La Cigarra Resource ( http://tinyurl.com/y9rcxdzg ) or NI 43-101 technical report on La Cigarra updated resource estimate ( http://tinyurl.com/y9vpyuhu ).
This discovery area is blind to surface and lies approximately 1,000 meters south of the edge of the La Cigarra resource as defined to date. More than 250 meters in core length of quartz-calcite and quartz vein breccia and veining within altered sediments was intercepted in hole CC-17-26 which bottomed in veining. Textures are indicative of a variant of an epithermal hydrothermal breccia complex.
The zone is anomalous throughout. Individual samples grade as high as 799 gpt silver over 1.1 meters and 692 gpt silver over 1 meter in two different zones indicating excellent grade potential. The best weighted average intervals are:
Hole CC-17-26
* 91.32 gpt silver over 29.5 meters, including
* 123.24 gpt silver over 19.25 meters, with
* 435.36 gpt silver over 2.5 meters, and
* 113.78 gpt silver over 10.75 meters
All intervals are core length as the strike, dip and shape of the zone and thus true widths are unknown at this time.
A second hole, CC-17-28 stepped out 100 meters to the northeast of the CC-17-26 intercept to test the strike extent of the new zone. The hole was lost in a fault zone but not before entering a zone of veining believed to be the start of the new mineralized zone. Assays are pending and will be reported once received.
The remainder of the holes tested various other targets in Las Venadas. The best intercept to date elsewhere in the Las Venadas area is CC-17-27 which returned 107.15 gpt silver over 9.5 meters. Full results from the first 10 holes in Las Venadas are shown in the following table. To view a set of maps click on the following link: Las Venadas Plan and Cross Sections Maps ( http://tinyurl.com/y8oj78dw ).
(Click on the link at the bottom to view the drilling table(s).
New Discovery Zone Proximity
The new discovery zone is contained within La Cigarra’s Las Venadas target, which comprises a broad area of alteration and mineralization containing various different structures with vein-breccia, veins and veinlets, over an area measuring 500 by 800 meters. It is part of a trend of distinct mineralized structures, extending from La Borracha to the southward through the La Cigarra deposit (which includes the San Gregorio and Las Carolinas zones) into Las Venadas and further into Soledad and Las Chinas, over a distance of six kilometers.
Upcoming Drilling and Development
Drilling will now shift to testing the new zone at a shallower depth from the collar at CC-17-26 to help determine the trend of the zone. It will then move to the La Borracha and Navidad areas and then continue on the new discovery once compilation and interpretation is complete. There are two rigs available on site with one operating so both areas can be drilled at the same time.
Further results from the 7,500-meter drilling on the La Cigarra will be announced as soon as assays received from the program are compiled and interpreted by the Company.
Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals ("ALS") in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, 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 will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: http://www.kootenaysilver.com
http://www.kootenaysilver.com/news/kootenay/2017/kootenay-announces-core-drilling-discovers-significant-new-mineralized-silver-zone-1000-meters-south-of-ni-43-101-resource
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