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.
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