Kootenay Silver Inc (KOOYD)

[basserdan]

KOOTENAY SILVER INTERCEPTS 2,176 GPT SILVER EQUIVALENT OVER 1.18 METERS WITHIN A WIDER INTERVAL OF 399 GPT SILVER EQUIVALENT OVER 10.5 METERS AT COPALITO SILVER-GOLD PROJECT, MEXICO

May 13, 2021

Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce results for the first four holes completed from the 2021 drill program at the Copalito silver-gold project (the "Property"), located in Sinaloa State, Mexico.

James McDonald, President and CEO, states "We continue to see good grade and width potential at Copalito with the 5 Señores vein returning grades up to 2,176 gpt silver equivalent. These results complement high grade drill holes previously intercepted in 5 Señores Vein, which returned 2,830 gpt silver and 0.145 gpt gold over 1 meter. There are 9 more holes to report from this vein the results of which will start to define the scope and continuity of high grade and where follow up drilling will be focused. Drilling has moved on to testing good results on the Cobriza, Aguilar and Pilar veins."

Highlights from Holes BDH-21-041 to BDH-21-044 include:

BDH-20-041 in the 5 Señores Vein
* 325.52 gpt silver equivalent ("silver Eq") over 1 meter consisting of 303 gpt silver, 0.09 gpt gold and 0.58% lead plus zinc within 86.28 gpt silver Eq over 5.75 meters consisting of 0.049 gpt gold, 75.3 gpt silver and 0.27% lead plus zinc;
* 101.33 silver Eq over 2 meters consisting of 1.10 gpt gold, 13 gpt silver and 0.30% lead plus zinc within 55.37 gpt silver Eq over 8.61 meters consisting of 0.456 gpt gold, 11.70 gpt silver and 0.38% lead plus zinc.
* This hole tested about 40° down dip of the high-grade intercept in hole BDH-20-040.

BDH-20-042 in the 5 Señores Vein
* 2,176.84 gpt silver Eq over 1.18 meters consisting of 1,965 gpt silver, 0.575 gpt gold, and 6.35% lead plus zinc within 213.68 gpt silver Eq over 21 meters consisting of 178.30 gpt silver, 0.187 gpt gold, and 0.81% lead plus zinc.
* BDH-21-042 filled an approximate 100-meter gap in drilling.

These results are showing potential for a mineralized "shoot" in the southern part of the 5 Señores vein. The zone remains open in several directions. Once assays from the remaining holes are received a clearer picture on the shape and size of these zones will begin to emerge and shape follow up drilling.

The 5 Señores vein is comprised of a mineralized structure with two parallel veins. These veins are comprised of both silicified breccia and classic banded quartz, quartz-calcite and calcite veining. The polymetallic veins are hosted in a volcanic andesite sequence with weak propylic alteration within faults and contact with a dioritic intrusive to the southwest. The veins are mainly quartz, with massive and crustiform textures and quartz-chalcedony bands. Dark gray bands indicate the presence of sulfides in these textures. Also local zones of carbonates mainly calcite can also carry very high grades of precious metals.

Mineralization is comprised of disseminated pyrite of 1% or less with varying amounts of sphalerite (< 1 to 5%), galena (< 1 to 3%) and probable acanthite.

Plan Map of Hole BDH-21-041 to BDH-21-044. Click here to view larger version.

Continued below:

https://kootenaysilver.com/news/kootenay/2021/kootenay-intercepts-2176-gpt-silver-equivalent-over-118-meters-within-a-wider-interval-of-399-gpt-silver-equivalent-over-105-meters-at-copalito-silver-gold-project-mexico