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Additional Information
Market: TSX-V
Sector: Platinum & Precious Metals
EPIC: KTN
Latest Price: 1.35  (-2.17% Descending)
52-week High: 1.38
52-week Low: 0.83
Market Cap: 60.69M
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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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Kootenay Gold adds three more discoveries to exploration pipeline in Mexico

23rd Feb 2009, 12:00 am by Ian Mclelland
Kootenay Gold adds three more discoveries to exploration pipeline in Mexico

Kootenay Gold (TSX-V: KTN) announced the discovery of three new mineralized systems within its staked  ground in the Sierra Madre Region of north-west Mexico.  Two of the discoveries are leached gold-copper porphyry systems, with the third discovery a gold-silver system.


At the Opochi discovery, Kootenay Gold recorded highly anomalous gold, silver, copper, lead and zinc from 124 grab samples. The mean value for the 124 samples was 0.12% copper, 0.93% lead and 1.17% zinc.  58 of the 124 samples also recorded gold grades greater than 0.1 grams per tonne, with 18 samples recording greater than 1 gram per tonne. The highest gold grade was 10.47 grams per tonne.  47 of the 124 samples also returned silver grades in excess of 20 grams per tonne with the highest silver grade coming in at 1422 grams per tonne.  In total, Kootenay gold indentified low to intermediate sulphidation over a 1x2 kilometer area in veins, stockworks and breccias.


The La Mina discovery is a different beast – a leach cap porphyry copper prospect indentified over a 2000x1000 metre area, elongated to the north-east.  Grab samples averaged 0.3% copper, which “compares well with most of the large, economic copper porphyry systems in northwestern Mexico-southerwestern USA”.  North-west of the leach cap, Kootenay further indentified quartz stockwork veins and veinlets with highly anomalous silver, copper, gold, lead and zinc.  Also to the north-west, the company said it indentified secondary copper mineralization over an 800 metre northeasterly trend. 12 grab samples averaged 0.76% copper.


Finally, at Espiritu, which is subject to an option agreement whereby Klondike gold can earn 50%, the company said it had indentified two zones of mineralization, a copper-gold porphyry setting in the north-east and a polymetallic silver-lead-zinc vein, stockwork and breccias setting in the south-west. 

The copper-gold porphyry returned anomalous values of gold, silver, copper, lead and zinc from 150 grab samples over a 1200x1000 metre  area, while the polymetallic zone returning highly anomalous silver, lead, zinc, gold and copper.  Grab samples also returned anomalous values of molybdenum.


Jim McDonald, CEO of Kootenay Gold said the projects “hold the potential to become flagship, company building properties”. 

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