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