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 to change name to "Kootenay Silver" in light of strong silver results at Promontorio
Kootenay Gold (CVE:KTN) said Monday it will change its name to 'Kootenay Silver' in an effort to reflect a new era for the miner, as it continues to report high grade silver results from its flagship Promontorio silver project in Sonora, Mexico.
The company said the proposed name change, which remains subject to the approval of the TSX-Venture Exchange, will better demonstrate its focus on silver mining.
CEO James McDonald said: "The name change to Kootenay Silver better reflects our core focus on developing our flagship Promontorio Silver project.
"It also coincides with all the high-grade results we have achieved from drilling on Promontorio over the past year. Within this 1st quarter, we will have completed over 35,000 meters of drilling since our initial resource calculation.
"We look forward to incorporating these numerous high-grade results into an updated NI 43-101 resource calculation at the conclusion of the current program."
Kootenay said its latest 25,000-metre in-fill and definition drill program at Promontorio is nearing completion.
Results to date have uncovered consistent, widespread silver mineralization with several high-grade silver intercepts throughout the Pit Resource, the Southwest Extension Zone, and the Northeast Zone, which sits about 700 metres outside of the current 43-101 Pit Resource.
Notable results from the program, which is the single largest and most expansive drill program conducted by Kootenay on the property to date, include hole KP-09-07, which intersected 6.7 metres grading 1,008.0 grams per tonne (g/t) silver equivalent.
Hole KP-25-08 hit 7.85 metres of 773.6 g/t silver equivalent, while DH-110-11 intersected 27.0 metres grading 678.6 g/t silver equivalent, including 4.5 metres at 1,145.5 g/t silver equivalent.
The company has also reported wide interval results, including hole DH-052-11, which hit 146.0 g/t silver equivalent over 234.0 metres, including 236.3 g/t silver equivalent over 70.0 metres. Meanwhile, hole KP-22-07 returned 119.5 g/t silver equivalent over 157.65 metres, including 110.7 g/t silver equivalent over 120.0 metres.
Drilling continues to focus on step-out and in-fill drilling at Promontorio, with the intention of updating the NI 43-101 compliant resource estimate at the property.
The current resource for the site includes 5.22 million tonnes grading 52.7 g/t silver, 0.86 percent lead, and 0.96 percent zinc, for 8.9 million ounces of contained silver, 99.3 million pounds of contained lead, and 110.8 million pounds of contained zinc, in the indicated category.
In the inferred category, there is an estimated 650,000 tonnes grading 55.7 g/t silver, 0.94 percent lead, and one percent zinc, for 1.17 million ounces of contained silver, 13.4 million pounds of contained lead, and 14.3 million pounds of contained zinc.
Kootenay is developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada.
