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Friday, January 08, 2010 10:14:05 AM
Kootenay Drill Programs Expected to Add Significant Shareholder Value in 2010
VANCOUVER, Jan. 6 /CNW/ - Kootenay Gold Inc. ("Kootenay") (KTN: TSX.V) is pleased to announce exploration has accelerated on its gold and silver properties. Seven drill programs in Mexico and Canada provide multiple opportunities for discovery and added shareholder value in 2010. During the first two quarters of 2010, drill results are expected for the following properties:
- Espiritu, Mexico Drilling Underway
Espiritu, Mexico - Joint Venture with Klondike Silver
The Espiritu is an exciting project that has the potential to be a 'Company Maker'. It has the text book characteristics of a large scale porphyry system. Erosion of the Leach Cap has exposed the enriched Supergene of a Gold Copper system. Mineralization and alterations are hosted along a 5km east northeast trending structure that measures between 1 and 2km in width. Two hundred and sixty-one samples have been collected, with 169 from the northwest porphyry setting. This drill phase is the first look at the system to determine grade and width potential of the supergene and hypogene mineralization (see News Release dated Dec 03, 2009).
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