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Market: TSX-V
Sector: General Mining
Epic: KTN
News: Latest news
Web Site: Kootenay Gold Inc
Other Articles: 26-02-201014-01-201006-01-2010

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Friday March 12, 09:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

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Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Kootenay Gold Inc

Kootenay Gold Inc

Kootenay Gold Inc. is an exploration and mining Company focused on the exploration and development of its top priority Promontorio Silver/Gold Project situated within the mineral rich Sierra Madre trend of Mexico. Encouraging results from ~20,000 meters of drilling on the Promontorio suggests the possible existence of a large Porphyry system similar to major producing deposits within the region.

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Wednesday, December 16, 2009

Astral in option deal with Kootenay to take full control of Jumping Josephine project for C$2 mln and 4 mln shares

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Kootenay Gold Inc  (TSX-V: KTN) said it and Astral Mining Corp (TSX-V: AA) have executed an option agreement which gives Astral the right to increase its current 60 percent interest in the  Jumping Josephine property in British Columbia to 100 percent.

Astral can acquire Kootenay’s 40 percent interest in the gold property by spending C$2 million on exploration and issuing 4 million of its shares to Kootenay.

Planning and permitting is now underway for a trenching and diamond drilling program at Jumping Josephine for the spring 2010, as well as the previously announced bulk sampling at the JJ Main zone.

This work will continue to evaluate the two kilometre JJ Main structure, as well as testing a number of other high-priority targets.

Gold was encountered over a strike length of 900 metres and to vertical depths of up to 240 metres below surface and remains open on strike and at depth.

Kootenay also will include a 61.04 square kilometres package of claim blocks contiguous to the North and on strike with the Jumping Josephine property known as the CP/Midas Claims. Should any portion of the JJ or CP/Midas Claims go into commercial production, Astral will pay Kootenay 1 percent net smelter returns (NSR) and will issue to Kootenay an additional 400,000 common shares.

Under the option deal, Kootenay will be able to fill one Astral board position.

Kootenay is actively developing projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Promontorio gold-silver project in northwest Mexico remains its priority project, where it is currently undertaking a 5,000 meter step-out drilling program. In Mexico’s Sonora state, the Vancouver headquartered explorer has also described its Espiritu gold-copper project as a potential company maker.  At Espiritu, a drilling programme is currently underway of a minimum 1,000 meters of HQ core, comprising  4 to 6 holes in 4 drill sites 100 to 500 meters apart.

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