Kootenay Zinc contractor to drill at Sully shortly
Kootenay Zinc Corp (C:ZNK)
Shares Issued 22,064,294
Last Close 2/23/2017 $0.49
Friday February 24 2017 - News Release
Mr. David Schmidt reports
KOOTENAY ZINC CORP. ANNOUNCES DRILLING UPDATE ON SULLY PROJECT
Kootenay Zinc Corp.'s drilling contractor, FB Drilling of Cranbrook, B.C., has mobilized to the Sully property and will recommence the planned drilling program shortly.
Drill hole SY17-11 will continue to focus on the E1 Zone of the Project's EAST Anomaly Area. This hole will test the current model of gravity data as a stratabound feature constrained by the most recent detailed structural and stratigraphic trends determined from drilling in late 2016.
Mr. Brian Jones, principal of Excel Geophysics and advisor to the Company, stated: "Every additional gravity survey at Sully has confirmed the presence of significant size masses on the property; recent gravity modeling which evaluated the complex structural trends in the local area of E1 has also maintained the inferred size while more narrowly constraining location of the target."
The Company will also be conducting new downhole EM and Mag survey trials on holes SY16-10 and SY17-11, to expand geophysical definition of the targets and perhaps assist in defining their geometry. The project team has also developed plans for subsequent drill holes on E1 and on the larger E3 anomaly after SY17-11 is completed.
About Kootenay Zinc Corp.
Kootenay Zinc is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative ("SEDEX") deposits.
The Sully Property comprises 1,375 hectares located approximately 30 kilometers east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property.
The scientific and technical information contained in this news release has been reviewed and approved by the Company's Project Manager, Paul Ransom, P.Geo., a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
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