Description
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Recent Kootenay Gold Inc news
Presentations & Company Media
Related Research & Media
No Documents available.
Company Statement:
During 2008, Kootenay has raised ~$24 million. The treasury remains strong throughout current market conditions, holding ~$19 million in cash, enabling management to fast track exploration at Promontorio and expand its current drill program to 45,000 meters.
Drilling on Promontorio continues to encounter widespread, high-grade mineralization to a depth of 444 metres. The additional 100+ holes will test a large 1.6 km 3D IP Anomaly identified on the project and newly discovered mineralized zones in the surrounding 90,000 hectare property.
Objectives
Create shareholder value through discovery and acquisition of mineral resources
Generate exploration targets that demonstrate potential to evolve into large scale discoveries
Establish joint venture partnerships on high risk, high reward properties
Current Operations:
PROMONTORIO SILVER PROJECT, Sonora, Mexico
SETTING THE STAGE FOR ADVANCED EXPLORATION AND DEVELOPMENT
ACQUISITION OF RICH PROMONTORIO SILVER PROJECT
For Kootenay, the milestone acquisition of the Promontorio Silver project represents the culmination of over 2 years of intense negotiating with former property holders and the Mexican Ministry of Mines. Cash and equity commitments exceeding $2million secured the right to a 100% registered and beneficial interest in the highly sought after Promontorio project, which consists of contiguous claims covering a total area of approximately 90,000 hectares. (Read More)
Joint Ventures
$12 Million in Joint Venture Expenditures plus Share Payments
- Results in minimized dilution to Kootenay
- Increases exploration dollars spent on portfolio of properties
- Leverages success of exploration by holding shares in partner company
- Generates future sustainable growth
| Project | Agreement | Shares to KTN | Expenditures |
| Jumping Josephine | Joint Venture to earn 60% | 400,000 (AST) | C$2,100,000 |
| Connor Creek | Joint Venture to earn 50% | 400,000 (AGX) | C$1,000,000 |
| Chenier | Joint Venture to earn 60% | 700,000 (AST) | C$2,000,000 |
| Murphy | Joint Venture to earn 60% | 600,000 (ABB) | C$2,000,000 |
| Santa Lucia | Joint Venture to earn 50% | 500,000 (KS) | US$1,000,000 |
| Ofelia | Joint Venture to earn 50% | 500,000 (KS) | US$1,000,000 |
| Suzanne | Joint Venture to earn 50% | 500,000 (KS) | US$1,000,000 |
| Los Chinos | Joint Venture to earn 50% | 500,000 (KS) | US$1,000,000 |
| Espiritu | Joint Venture to earn 50% | 500,000 (KS) | US$1,000,000 |
| Cerro Colorado | Joint Venture to earn 50% | 500,000 (KS) | US$1,000,000 |
| El Alamos | Joint Venture to earn 50% | 500,000 (KS) | US$1,000,000 |
Exploration
Kootenay has assembled a large and impresssive portfolio of generative properties which offer shareholders and interested exploration companies multiple opportunities for discovery. (Read More)
Management
Directors & Officers
James McDonald - President, CEO
Ken Berry - Chairman, Director
Joseph Giuffre - Director
Robert Gardner - Director
Richard Hughes - Director
Dr. Tom Richards - Vice-President of Exploration
Dr. Tony Starling - Regional Exploration, Mexico
Raj Kang - CFO
Joseph Church - Advisor
Major Shareholders
Finance and Capital Structure
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Listed in TSX Venture Exchange (TSX.V) |
|
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Shares Issued: |
36,639,600 |
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Warrants: |
7,385,350 |
|
Options: |
2,776,250 |
|
Fully Diluted: |
47,509,010 |
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Cash on hand at June 30, 2008: |
$19.5 million |
Contact Information
Canada
Kootenay Gold Inc.
Suite 960 - 1055 W. Hastings St.
Vancouver, British Columbia
Canada V6E 2E9
604-601-5650
1-888-601-5650
Mexico
Kootenay Gold Inc.
Francisco Gonzalez Bocanegra No. 91
Alvarado y Yocupicio
C.P.83150 Col. Periodista,
Hermosillo, Sonora
Mexico
Corporate Registered Office:
Borden Ladner Gervais LLP
Suite 1000, 400 3rd Avenue SW
Calgary, Alberta
Canada T2P 4H2
Corporate Information
No info available.
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