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Additional Information
Market: TSX-V
Sector: Platinum & Precious Metals
EPIC: KTN
Latest Price: 1.26  (-1.56% Descending)
52-week High: 1.38
52-week Low: 0.83
Market Cap: 56.65M
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Kootenay Gold
www.kootenaygold.ca

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. The Company's objective is to develop near term discoveries and long term sustainable growth. Encouraging results from ~28,000 meters of drilling at Promontorio suggests the possible existence of a large Porphyry system similar to major producing deposits within the region. 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.

Full Kootenay Gold profile here
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Astral and Kootenay extend discovery zone at Jumping Josephine, British Columbia

19th Nov 2008, 12:00 am

Canadian Astral Mining Corp and joint venture partner Kootenay Gold Inc said final results of the latest diamond drilling program at the Jumping Josephine gold project in south-eastern British Columbia has extended the JJ Main discovery zone 180 metres south along strike from previous drilling.


They also discovered a second stockwork zone 400m southeast of the JJ Main zone, indicating the potential for parallel, structurally-controlled mineralization.


The results show up to 4 meters at 21.04 grams per ton gold from infill drilling at the discovery zone, supporting previous work.


In addition, Astral's surface exploration has returned grades up to 5.0 g/t gold from rock samples along the JJ Main trend some 1.5 kilometres from the nearest drilling. Based on drilling to date, the zone is open to depth and along strike. Surface evidence suggests the mineralized zone could exceed 2.5km in length.


In addition to diamond drilling, Astral has maintained ongoing surface sampling, geological mapping and trenching. Fieldwork has now finished for 2008 and will recommence in spring 2009. Encouraging rock chip results along strike from the JJ Main discovery zone late in the season prompted Astral to submit application for trenching at this site. The permit was not received before the cessation of operations and as such will be undertaken early in spring 2009, the company said.


A series of applications for work at Jumping Josephine will be prepared over the winter period and will include an expanded drill program designed to further test JJ Main and for parallel zones, an expanded trenching operation over several prospective showings, and preparations for an application for bulk testing at the JJ Main discovery zone.


Astral has earned a 60 percent interest in the JJ project from Kootenay.


Astral Mining is focused on exploration and development of precious metal properties in North America.
Kootenay is an emerging exploration company actively developing a suite of premier gold and silver projects in British Columbia, Canada and Mexico. Kootenay's top priority remains the ongoing aggressive development of its rich Promontorio Silver project, which encompasses the former producing Promontorio Silver Mine in Northwest Mexico.

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