www.kootenaysilver.com
Kootenay Silver is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company’s flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Encouraging results from ~60,000 meters of drilling at Promontorio suggests the possible existence of a large Porphyry system similar to major producing deposits within the region. The objective of the current 25,000 meter drill program is to substantially build on and expand the existing NI 43-101 silver resource identified on the project by AGP Mining Consultants in 2010. Two diamond drill rigs are currently operating on Promontorio.
Kootenay’s management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution. The Company's objective is to develop near term discoveries and long term sustainable growth
Kootenay unveils further "excellent grades" from Promontorio
Kootenay Gold (CVE:KTN) Tuesday announced assay results from an additional five drill holes from its ongoing 25,000 metre multi-phase in-fill drill and resource definition program at its flagship Promontorio silver project in Mexico.
Shares were up 2.68 percent to $1.15 Tuesday afternoon.
All five drill holes encountered consistent, widespread silver mineralization and multiple high-grade silver intercepts in Promontorio's southwest extension zone and northeast zone, which sits 700 metres outside of the current 43-101 pit resource, the company said.
Kootenay's chief executive officer, James McDonald, said: "We are very pleased and excited with results from the current five holes of our 25,000 meter drill program.
The current 25,000 meter in-fill drilling and resource definition program represents the single largest and most expansive drilling campaigns conducted by Kootenay on the Promontorio silver project to date.
Kootenay said the upcoming drilling will continue to focus on step out and in-fill drilling off setting the numerous silver intercepts concentrated along a 1.0 kilometre long mineralized corridor.
The company said that DH 79 returned 120 metres grading 164 grams per tonne (g/t) silver equivalent with three high grade intervals of 31 metres of 292 g/t silver equivalent, including 13 metres of 362 g/t silver equivalent and 30 metres of 212 g/t silver equivialent.
"Hole DH 79 underlines the high-grade silver potential that exists within the system," McDonald said.
"The high-grade results that we continue to achieve across Promontorio's 1.0 kilometer long mineralized corridor will play a major factor in building and adding to the overall volume of contained silver ounces in the resource as we move toward a future updated 43-101 resource estimate."
DH 77 returned two intervals, first 97 metres of 76 g/t silver equivalent including 13 metres of 155 g/t silver equivalent and second, 47 metres of 81 g/t silver equivalent, including 7 metres of 161 g/t silver equivalent.
Drill holes DH 79 and 77 are from the southwest and northeast extension areas, respectively.
DH 75 itself returned three intervals including 233 g/t silver equivalent over 9 metres; 55 g/t silver equivalent over 10 metres and 50 g/t silver equivalent over 42 metres that includes 140 g/t silver equivalent over 4 metres.
DH 85 intersected 107 g/t silver equivalent over 24 metres including 5 metres of 221 g/t silver equivalent and 7 metres of 149 silver equivalent. DH 86 returned 2 metres of 79 g/t silver equivalent and 1 metre of 1,520 g/t silver equivalent.
Drill holes DH 75, 85 and 86 are from the northeast zone.
Kootenay Gold is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The company's flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico.
