Proactiveinvestors USA & Canada Kootenay Silver https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Kootenay Silver RSS feed en Mon, 22 Jul 2019 11:12:17 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Kootenay Silver says 2013 drilling supports expansion of two major zones at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/99736/kootenay-silver-says-2013-drilling-supports-expansion-of-two-major-zones-at-promontorio-51830.html Kootenay Silver (CVE:KTN) has compiled and analyzed the final drilling results from its 5,500 metre 2013 campaign on its Promontorio silver project in Mexico, saying that multiple high grade intercepts support the expansion of the system's central corridor and northeast zone.

The company, in a statement released earlier this morning, said the program established mineralization along at least 400 metres of the recently found Central Breccia zone situated between the pit and the northeast zones.

It said results point to "excellent potential" for continuity of mineralization between the two zones. Several holes drilled within the central and northeast zones showed the potential to add significant tonnage to the mineral resource estimate at the project, Kootenay added. 

The company said the next phase of drilling at Promontorio will focus on testing for a high grade core within this region of the property, along the Central Breccia and northeast zone trend.

Of the 2013 highlights, intercepts included 218 grams per tonne (g/t) of silver equivalent over 45 metres, including 415 g/t over 22 metres. In addition, hole DH189 intersected 152 g/t silver equivalent over 49 metres, including 333 g/t over 12 metres. 

"We are very  pleased with the analysis of our 2013 drill campaign and remain highly focused and confident as we approach the next phase of development on  Promontorio," said president and CEO James McDonald, in the release Wednesday.

"Supported by consistent results and numerous high-grade assays, the Central Breccia and Northeast Zones of Promontorio's diatreme hosted system will continue to remain a top priority."

McDonald also said that at the same time, satellite mineralized systems to the north and northwest of the Promontorio resource continue to advance, with three major trends emerging and showing the potential for "multiple new discoveries of gold and silver."

"These three key zones, in conjunction with the  Promontorio diatreme, form the basis of what is a large mineralized  belt trending northwest," the chief executive said. 

The proposed work program for this year will include 3-D IP and geophysical surveys, as well as 8,000 metres of drilling. The company said the pit zone has been closed off to the east, but remains open down plunge to the northwest, while the northeast zone is open to the east and down plunge.

Once the preliminary geophysical work integrating the geologic model and domains is complete, Kootenay said a final budget and drill program for 2014 will be set.

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Wed, 05 Feb 2014 10:28:00 -0500 https://www.proactiveinvestors.com/companies/news/99736/kootenay-silver-says-2013-drilling-supports-expansion-of-two-major-zones-at-promontorio-51830.html
<![CDATA[News - Kootenay Silver extends new important zone at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/98456/kootenay-silver-extends-new-important-zone-at-promontorio-49835.html Kootenay Silver (CVE:KTN) has extended the new high grade zone at its Promontorio silver project in Mexico, the company said Wednesday, as it announced further drill results as part of its ongoing resource expansion program. 

Current drilling at the project is focused on a series of high grade silver intercepts, recently found within breccia silver mineralization between the Pit and Northeast Zones, according to a company statement.

Drilling is continuing to show high grades, with the latest holes returning 218 grams per tonne (g/t) of silver equivalent over 45 metres, including 415 g/t over 22 metres. In addition, hole DH189 intersected 152 g/t silver equivalent over 49 metres, including 333 g/t over 12 metres. 

"We are extremely pleased with current drill results," said president and CEO James McDonald in the release. "The current drill intercepts are contained within the project's 1.5 km, Single Whittle Pit Shell and show the high-grade breccia zone extending an additional 75 meters down dip to depth in previously untested areas of the Northeast zone."

The company said the holes sit next to, and outside of the inferred resource at the project, and that the extension of this priority zone stands to play a major factor in expanding the resource. Results from another 14 drill holes are still pending, and will be reported when received and compiled, Kootenay added. 

In August 2012, the company announced a measured and indicated resource estimate for the project, which was updated with the inclusion of the gold resource potential at Promontorio earlier this year. The current resource stands at 92.4 million ounces of silver equivalent in the measured and indicated category, with another 24.3 million ounces in the inferred resource category. 

Since the resource report last year, the precious metals explorer has undertaken an expansive drill program of 30,000 metres, with an updated resource estimate expected when the campaign is finished. 

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Wed, 13 Nov 2013 11:03:00 -0500 https://www.proactiveinvestors.com/companies/news/98456/kootenay-silver-extends-new-important-zone-at-promontorio-49835.html
<![CDATA[News - Kootenay Silver unveils high grade drill results from new zone ]]> https://www.proactiveinvestors.com/companies/news/98054/kootenay-silver-unveils-high-grade-drill-results-from-new-zone-49168.html Kootenay Silver (CVE:KTN) has unveiled more drilling results from its Promontorio silver project in Mexico, saying all three holes returned high grade mineralization. 

The current phase of drilling is focused on a series of high grade silver intercepts recently found within a new breccia zone of silver mineralization situated between the Pit and Northeast zones. 

The company, in a statement Wednesday, announced the results of three drill holes, with seven additional holes pending. Of those revealed today, highlights include 183 grams per tonne (g/t) silver equivalent over 25 metres in hole DH 191, including 305 g/t over 5 metres and 325 g/t over 3.0 metres. 

In addition, hole DH 190 intersected 101 g/t over 38 metres, and hole DH 192 hit 147 g/t over 2.0 metres. 

"The results are very positive as they are building on continuity of high-grade mineralization going into the Central Zone between the Pit and Northeast Zones," said president and CEO James McDonald in the release.

"The holes sit in an area between the Northeast Zone and previous drill holes DH 183, 185, 186, 188, and underscore the  potential for establishing continuity of higher grades throughout the zone and for adding substantial additional tonnage to the resource." 

In August 2012, the company announced a measured and indicated resource estimate for the project, which was updated with the inclusion of the gold resource potential at Promontorio earlier this year. The current resource stands at 92.4 million ounces of silver equivalent in the measured and indicated category, with another 24.3 million ounces in the inferred resource category. 

Since the resource report last year, the precious metals explorer has undertaken an expansive drill program of 30,000 metres, with an updated resource estimate expected when the campaign is finished. 

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Wed, 23 Oct 2013 10:12:00 -0400 https://www.proactiveinvestors.com/companies/news/98054/kootenay-silver-unveils-high-grade-drill-results-from-new-zone-49168.html
<![CDATA[News - Kootenay Silver resumes drilling at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/97451/kootenay-silver-resumes-drilling-at-promontorio-48202.html Kootenay Silver (CVE:KTN) has resumed drilling on its flagship Promontorio silver project in Sonora, Mexico, with two rigs currently operating on site. 

The company, in a statement Wednesday, said it will conduct a minimum of 5,000 metres of drilling in the current phase as part of its ongoing 2013 resource expansion campaign. 

Core drilling is to target a series of high grade silver intercepts recently found within a new breccia zone of silver mineralization, in between the Pit and the Northeast zones.

The company has said that the new zone falls within the parameters of the project's single optimized Pit model -- as opposed to two smaller pits -- offering potential to add additional ounces to the existing silver resource and boost economics. 

In August of last year, the company announced a measured and indicated resource estimate for the project, which was updated with the inclusion of the gold resource potential at Promontorio earlier this year. The current resource stands at 92.4 million ounces of silver equivalent in the measured and indicated category, with another 24.3 million ounces in the inferred resource category. 

Since the resource report last year, the precious metals explorer has undertaken an expansive drill program of 30,000 metres, with an updated resource estimate expected when the campaign is finished, sometime in the third quarter. 

In June, shares of the silver exploration and development company rose after it released drill results from the new high grade silver zone between the Pit and the Northeast zones, with highlights including 301 grams per tonne (g/t) silver equivalent over 31.7 metres, including 1,046 g/t silver equivalent over 5 metres in hole 186. 

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Wed, 18 Sep 2013 13:18:00 -0400 https://www.proactiveinvestors.com/companies/news/97451/kootenay-silver-resumes-drilling-at-promontorio-48202.html
<![CDATA[News - Kootenay Silver starts next phase of drilling at Promontorio with focus on new high grade zone ]]> https://www.proactiveinvestors.com/companies/news/97169/kootenay-silver-starts-next-phase-of-drilling-at-promontorio-with-focus-on-new-high-grade-zone-47707.html Kootenay Silver (CVE:KTN) is carrying on with the next phase of drilling at its flagship Promontorio silver project in Sonora, Mexico, with a minimum of 5,000 metres planned as part of this year's resource expansion program at the site. 

Core drilling will focus on a series of high grade silver intercepts recently found within a new breccia zone of silver mineralization between the Pit and NorthEast zones, the company said. 

"Supported by  recent analysis of data from our ongoing work programs, the current  phase of drilling has emerged as a much anticipated event for  Promontorio," said president and CEO James McDonald in a statement Wednesday.

"The newly identified high-grade silver zone, situated  between the Pit and NE Zones, remains open, both peripheral to, and at  depth, to the known calculated resource."

He added that the new zone also falls within the parameters of the project's single optimized Pit model -- as opposed to two smaller pits -- offering potential to add additional ounces to the existing silver resource and boost economics. 

In August of last year, the company announced a measured and indicated resource estimate for the project, which was updated with the inclusion of the gold resource potential at Promontorio earlier this year. The current resource stands at 92.4 million ounces of silver equivalent in the measured and indicated category, with another 24.3 million ounces in the inferred resource category. 

Since the resource report last year, the precious metals explorer has undertaken an expansive drill program of 30,000 metres, with an updated resource estimate expected when the campaign is finished, sometime in the third quarter. 

In June, shares of the silver exploration and development company rose after it released drill results from the new high grade silver zone between the Pit and the Northeast zones, with highlights including 301 grams per tonne (g/t) silver equivalent over 31.7 metres, including 1,046 g/t silver equivalent over 5 metres in hole 186. 

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Wed, 04 Sep 2013 10:27:00 -0400 https://www.proactiveinvestors.com/companies/news/97169/kootenay-silver-starts-next-phase-of-drilling-at-promontorio-with-focus-on-new-high-grade-zone-47707.html
<![CDATA[News - Kootenay Silver says current work at Promontorio outlines several areas for potential to sharply expand resources ]]> https://www.proactiveinvestors.com/companies/news/96720/kootenay-silver-says-current-work-at-promontorio-outlines-several-areas-for-potential-to-sharply-expand-resources-46878.html Kootenay Silver (CVE:KTN) says that current work at its Promontorio silver project in Mexico has outlined new zones of resource potential outside drilled areas. 

Last August, the company announced a measured and indicated resource estimate for the project, which was updated with the inclusion of the gold resource potential at Promontorio earlier this year. The current resource stands at 92.4 million ounces of silver equivalent in the measured and indicated category, with another 24.3 million ounces in the inferred resource category. 

Since the resource report last year, the precious metals explorer has undertaken an expansive drill program of 30,000 metres, with an updated resource estimate expected when the campaign is finished, sometime in the third quarter. 

The program reinterpreted previous mapping and geophysics and tested a number of anomalies and extensions of the known mineralization, outlining areas that could potentially expand the known resource, as well as target zones where drilling could upgrade the current inferred resource. 

"The current work has  identified numerous additional priority areas with potential to sharply expand resources," said president and CEO James McDonald. 

"Especially noteworthy are the high silver grades in  drill holes DH 185 to 188. Sitting  between the NE and Pit zones, these holes show potential for the  existence of a high-grade core that may connect to high grades previously identified in the NE Zone."

In June, shares of the silver exploration and development company rose after it released drill results from the high grade silver zone between the pit and the northeast zones, with highlights including 301 grams per tonne (g/t) silver equivalent over 31.7 metres, including 1,046 g/t silver equivalent over 5 metres in hole 186. 

"As we approach our 100 million ounce silver equivalent milestone on Promontorio, we are excited about starting the next drill phase to test this new area of high grade silver mineralization along with the many other targets identified." 

The company, which earlier this year put to bed a $4.75 million investment from Agnico-Eagle Mines (NYSE:AEM), also said that geological mapping has found a number of new diatreme breccias, including one some 500 metres north of the Pit zone. "The management and the technical team of Kootenay Silver believe the recognition of these diatreme breccias greatly enhances the potential size and intensity of the Promontorio Diatreme Breccia Complex as it enters its next phase of strategic drilling on the Promontorio Silver Project," it added. 

The next phase of drilling is scheduled to begin in early September, said Kootenay, the details of which will be released once the various drill targets are prioritized and the number metres required to test the new targets are finalized.

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Wed, 07 Aug 2013 09:37:00 -0400 https://www.proactiveinvestors.com/companies/news/96720/kootenay-silver-says-current-work-at-promontorio-outlines-several-areas-for-potential-to-sharply-expand-resources-46878.html
<![CDATA[News - Kootenay Silver updates on work at Promontorio project ]]> https://www.proactiveinvestors.com/companies/news/96588/kootenay-silver-updates-on-work-at-promontorio-project-46642.html Kootenay Silver (CVE:KTN) reported Tuesday that hydrologic work and environmental baseline studies have been ongoing to advance its Promontorio project in Mexico, updating investors on the company's progress. 

It said in a statement Tuesday that three monitoring wells have been installed along the main corridor of mineralization stretching from the Northeast zone through the pit on to the Southwest zone, in an effort to characterize the ground water levels to be used to develop a hydrogeological model. 

According to the release, the company has so far gathered information on the property including an understanding of initial pit dewatering requirements, the initial evaluation of the potential for groundwater to supply a source of water to the project, and a collection of baseline groundwater data. The work is in preparation for evaluating groundwater conditions at the project, including potential water sources that may be required to sustain potential open pit or underground mining operations. 

Alongside this work, environmental baseline work is now complete, and included surveying and data collection of surrounding flora and fauna, sampling of soil, water and sediments, and other socio-economic data.  Meanwhile, geotechnical work completed so far includes the collection of extensive rock quality data, Kootenay said. 

Last month, shares of the silver exploration and development company rose after it released drill results from Promontorio, saying it found a high grade silver zone between the pit and the northeast zones. The news came not even a month after the company released an updated resource at the Promontorio project that approached the 100 million ounce mark on the back of new metallurgical data that supported the recovery and inclusion of gold. Despite the new gold content, the latest resource did not include any drilling completed since the previous resource report was announced in August last year. 

Highlights of the most recent drilling included 301 grams per tonne (g/t) silver equivalent over 31.7 metres, including 1,046 g/t silver equivalent over 5 metres in hole 186. 

Kootenay, which earlier this year put to bed a $4.75 million investment from Agnico-Eagle Mines (NYSE:AEM), has 92 million contained silver equivalent ounces in the measured and indicated category for its Promontorio project resource, with another 24.3 million ounces in the inferred resource category.  A further resource update is expected once the company's current 30,000 metre drilling campaign is finished, sometime in the third quarter of this year.

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Tue, 30 Jul 2013 15:02:00 -0400 https://www.proactiveinvestors.com/companies/news/96588/kootenay-silver-updates-on-work-at-promontorio-project-46642.html
<![CDATA[News - Kootenay Silver gains after new high grade area found at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/95383/kootenay-silver-gains-after-new-high-grade-area-found-at-promontorio-44627.html Shares of Kootenay Silver (CVE:KTN) are rising after the silver explorer released drill results from the company's flagship Promontorio silver project in Mexico, saying it found a high grade silver zone between the pit and the northeast zones. 

The news comes not even a month after the company released an updated resource at the Promontorio project that approached the 100 million ounce mark on the back of new metallurgical data that supported the recovery and inclusion of gold. Despite the new gold content, the latest resource did not include any drilling completed since the previous resource report was announced in August last year. 

Today's results are from the fifth phase of a drill and resource expansion program at the site, and include highlights such as 301 grams per tonne (g/t) silver equivalent over 31.7 metres, including 1,046 g/t silver equivalent over 5 metres in hole 186. 

"Not  only do results from Holes such as 186 and 185 represent some of the  highest grades drilled to date, they occur in an area between the North  East and Pit zones where these grades were not expected," said president and CEO James McDonald in the statement released Tuesday.  

"This  underscores the potential to delineate additional high-grade silver  zones within the diatreme system," he adds. 

Indeed, the new area of high grade silver found is open along strike and dip, the company says, and appears to be on strike with other high grade intercepts previously returned from drilling in the northeast zone. 

The holes released Tuesday were drilled to follow up mineralization in an area of wide-spaced drilling, with grades occurring both within and outside some of the inferred resource blocks between the pit and northeast zones. According to the company statement, the grades are "significantly higher" than the average resource, and the area is considered by management to be "very prospective" for additional ounces. 

In addition, four new targets have been found through an IP survey, and will be tested with further drilling. So far, 16,300 metres have been drilled at the site as part of the fifth phase drill program. 

Kootenay Silver, which last month put to bed a $4.75 million investment from Agnico-Eagle Mines (NYSE:AEM), earlier this month revealed 92 million contained silver equivalent ounces in the measured and indicated category for its Promontorio project resource, with another 24.3 million ounces in the inferred resource category. 

A further resource update is expected once the company's current 30,000 metre drilling campaign is finished, sometime in the third quarter of this year.

Shares of Kootenay Silver were lately up 5 cents on the back of the latest high grade silver results, at 97 cents, rising as high as $1.02 earlier Tuesday. 

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Tue, 04 Jun 2013 11:24:00 -0400 https://www.proactiveinvestors.com/companies/news/95383/kootenay-silver-gains-after-new-high-grade-area-found-at-promontorio-44627.html
<![CDATA[News - Kootenay Silver approaches 100 mln ounce mark with new resource at Promontorio project ]]> https://www.proactiveinvestors.com/companies/news/94945/kootenay-silver-approaches-100-mln-ounce-mark-with-new-resource-at-promontorio-project-43850.html Kootenay Silver (CVE:KTN), which last month put to bed a $4.75 million investment from Agnico-Eagle Mines (NYSE:AEM), has today unveiled an updated resource estimate that includes the gold content at its main Promontorio silver project in Mexico, on the back of new metallurgical data that supports the recovery of the yellow metal. 

Shares of the junior company rose by more than 1.2 per cent on Tuesday, to 82 cents. 

Despite the new gold content, the company told investors that the updated resource estimate, by SRK Consulting, does not include any drilling completed since the last resource report was announced in August last year. 

The updated estimate for the project reveals a contained 92 million silver equivalent ounces in the measured and indicated category, with another 24.3 million ounces in the inferred resource category. 

It compares with the 61.68 million silver equivalent ounces in the measured and indicated category announced last August, as well as another 14.47 million inferred ounces, at a cut off grade of 15.00 g/t. 

"This is an exciting day for Kootenay and its shareholders. The company is extremely pleased with the findings of the resource estimate and  proud to be approaching the 100 Million ounces, silver equivalent  milestone," said president and CEO James McDonald in a statement Tuesday. 

"Two key factors contributed to the success of the updated resource estimate. First, the important addition of the gold content to the resource has added significantly to the resource value. Secondly,  resulting from the addition of gold, the resource is now contained in a  single larger optimized Whittle Pit, as opposed to two individual  smaller pits reported in the August 21, 2012 resource estimate."

The new resource is made up of 44.5 million tonnes grading an average of 64.32 grams per tonne (g/t) silver equivalent in the measured and indicated category, with an additional 14.6 million tonnes in the inferred category grading 51.95 g/t. Kootenay said the resource is stated above a 20 g/t silver equivalent cut-off, and is contained with a "potentially economically mineable pit shell". 

Underground resources hold 215,000 tonnes in the measured and indicated category grading 56.96 g/t, with an additional 1.27 million inferred tonnes grading 61.17 g/t, at a cut off of 45 g/t to reflect the higher mining costs of underground mining.

The addition of the gold content was the result of additional metallurgical test work, which the company said had a "significant impact" on the silver equivalent grade and ounces. 

The report is based on data from 65,092 metres of drilling, with a further resource update expected at the conclusion of the company's current 30,000 metre drilling campaign, sometime in the third quarter of this year. 

In late April, Kootenay inked a strategic partnership with Agnico-Eagle, which as a result of the financing, now owns 9.96 per cent of the company's shares on a non-diluted basis, or 14.23 per cent if warrants are exercised. 

In an interview with Proactive Investors at the time, Kootenay’s CEO also highlighted the company’s 80,000 hectare contiguous land package in Sonora, Mexico, which provides it with “excellent upside potential” for high grade discoveries well within the complex, as well as separate from it. 

"Agnico-Eagle is a very highly regarded mining company that boasts technical expertise and that is bullish on the potential in Sonora State, Mexico. They like that exposure there, and our whole land package in addition to Promontorio," he said in April. 

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Tue, 14 May 2013 11:44:00 -0400 https://www.proactiveinvestors.com/companies/news/94945/kootenay-silver-approaches-100-mln-ounce-mark-with-new-resource-at-promontorio-project-43850.html
<![CDATA[News - Kootenay Silver’s CEO sees Agnico-Eagle investment as affirmation of promise to come ]]> https://www.proactiveinvestors.com/companies/news/94599/kootenay-silvers-ceo-sees-agnico-eagle-investment-as-affirmation-of-promise-to-come-43255.html Kootenay Silver (CVE:KTN) has just put to bed a $4.75 million strategic private placement with established miner Agnico-Eagle Mines (TSE:AEM), a deal the Canadian junior’s chief hails as “very beneficial” for the company, which is developing the flagship Promontorio silver mine in Mexico. 

Kootenay issued 6.25 million units at a price of 76 cents each to Agnico-Eagle, with each unit made up of one common share and one half of one share purchase warrant. Each whole warrant allows Agnico-Eagle to buy an additional common share at $1.08 apiece until April 26, 2015. 

As a result of the financing, Agnico-Eagle now owns 9.96 per cent of Kootenay on a non-diluted basis, or 14.23 per cent if the warrants are exercised. 

“We started to talk to Agnico-Eagle several months ago, and they completed quite an in-depth due diligence process, which included a site visit and a review of our geological model,” president and CEO James McDonald told Proactive Investors in an interview last week, citing Agnico-Eagle’s “selective process”. 

“This is big news for us. [Agnico-Eagle] is a very highly regarded mining company that boasts technical expertise and that is bullish on the potential in Sonora State, Mexico. They like that exposure there, and our whole land package in addition to Promontorio.”

Earlier this month, the Canadian junior company commissioned SRK Consulting to provide an updated resource estimate for Promontorio, which will include and quantify gold content. The decision to include gold assay results followed extensive metallurgical testing and technical analysis, which confirmed that up to 94.5 percent gold recovery rates from pyrite concentrates at Promontorio can be achieved through a pressure oxidation process.

“The updated resource is very close to being complete. The report will use the pre-existing drilling data prior to the 30,000 metre program underway,   to estimate the gold component. The recent oxidation work on the gold indicates there are some real possibilities to be able to extract the yellow metal economically that need to be evaluated,” says McDonald. 

“It’s quite promising – there is a lot of gold in the system that occurs with the silver. In other words,  most of the gold will be lying within the current resources, potentially providing a significant benefit to the resource. It’s not as if the gold is alone and has to pull its own pit.”

The most recent NI 43-101 mineral estimate on Promontorio from last August contains a measured and indicated silver resource of 61.68 million silver equivalent ounces, as well as another 14.47 million silver equivalent ounces in the inferred category. The resource is stated above an 15.00 grams per tonne (g/t) cut-off grade and contained within potentially economically mineable pit shells. 

The updated resource estimate, which is due out in approximately three weeks, will not include any information from the 30,000 metre program underway at the site - the largest and most expansive drilling campaign conducted at Promontorio so far. 

“We don’t expect anything from that [the 30,000 metre campaign] until later this year, likely in the third quarter, after which a preliminary economic assessment report is planned,” says McDonald. 

Kootenay’s CEO also highlights the company’s 80,000 hectare contiguous land package in Sonora, which provides it with “excellent upside potential” for high grade discoveries well within the complex, as well as separate from it. 

“We have a great resource we are working on expanding backed by a whole pipeline of potential new discoveries within the same land package,” he adds. 

Indeed, Agnico-Eagle clearly saw evidence of this potential before deciding to become the company’s strategic partner. 

“It’s a very good deal for us. It doesn’t preclude Kootenay from being taken out by another company and gives us a relationship with Agnico-Eagle for strong shareholder support,” McDonald affirms, adding that Agnico-Eagle was also a strong shareholder of Queenston Mining before that company was bought out by Osisko Mining (TSE:OSK).

“They [Agnico-Eagle] view this as a strategic and long-term type of investment.” 

Kootenay’s chief says the investment puts the company’s cash position at over $8 million, “funding us comfortably well into next year.” The new funds will of course be used for the advancement of Promontorio as well as for general working capital needs. 

McDonald is not surprisingly bullish on precious metals, despite their recent price rout. “The recent correction in gold is disconcerting to everyone in the sector. We don’t know where it will settle out, but fundamentally, the economic environment we’re in, and the continual injection of new currency all over the world is very supportive of a continued strong gold and silver price.

“My expectations continue to be strong going forward, even moving upward from where we are now. The volatility in the market is natural, but I am comfortable with the fundamentals that support a bullish trend.” 

Gold for June delivery rose $12.6 to $1,466.20 an ounce on the Comex this morning, while the silver contract for July gained 48 cents to $24.27 an ounce. High precious metals prices will certainly benefit Kootenay as it develops its high grade Promontorio project. In March, the company unveiled the results of 11 more holes from its 30,000 metre drill program, which hit values as high as 246 grams per tonne (g/t) silver equivalent in a newly discovered oxide zone. 

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Mon, 29 Apr 2013 13:45:00 -0400 https://www.proactiveinvestors.com/companies/news/94599/kootenay-silvers-ceo-sees-agnico-eagle-investment-as-affirmation-of-promise-to-come-43255.html
<![CDATA[News - Kootenay Silver sees Agnico-Eagle take near 10% stake through $4.75 mln non-brokered financing ]]> https://www.proactiveinvestors.com/companies/news/94465/kootenay-silver-sees-agnico-eagle-take-near-10-stake-through-475-mln-non-brokered-financing-43037.html Kootenay Silver (CVE:KTN) has said that Agnico-Eagle Mines (TSE:AEM) (NYSE:AEM) has agreed to invest $4.75 million into the Canadian junior silver company through a non-brokered private placement financing.

The deal will give Agnico-Eagle a near 10 per cent stake in Kootenay Silver on a non-diluted basis, the company said in a statement on Tuesday. 

The announcement comes at a time when Canadian mining juniors are looking for financing in a challenging market, with many resorting to creative alternatives than the typical placements with retail investors through brokerage firms.

Many, like Kootenay, have turned to strategic investments from established mining companies that want to get early-stage exposure.

Under the terms, Agnico-Eagle will buy a total of 6.25 million Kootenay units at a price of 76 cents each. Each unit will be made up of one common share and one half of a share purchase warrant, with each whole warrant good for one additional share of Kootenay at a price of $1.08 for a period of two years from closing. 

If all the warrants are exercised, Kootenay will stand to raise an additional $3.375 million. 

"We are very pleased that Agnico-Eagle has committed to become a strategic investor in Kootenay Silver. Agnico's investment provides us with a substantial alternative source of capital to the open market from a recognized world leader in precious metals mining, development and exploration," said president and CEO of Kootenay, James McDonald in the release. 

"Agnico's commitment to exploration and mining in Mexico directly  coincides with our own commitment to the exploration and development of  Promontorio," he said, adding that the investment recognizes the "quality and near-term potential" of Kootenay's flaghsip Promontorio project. 

Kootenay said Tuesday it plans to use the net proceeds for the  advancement of the project and general working  capital.

Earlier this month, the company commissioned SRK Consulting to provide an updated resource estimate for Promontorio, which will include and quantify gold content. The decision to include gold assay results followed extensive metallurgical testing and technical analysis, which confirmed up to 94.5 percent recovery of gold from pyrite concentrates from the Promontorio resource can be achieved through a pressure oxidation process.

Currently, three drills are operating at the site, as part of a 30,000 metre resource expansion program - the largest and most expansive drilling campaign conducted at Promontorio so far. 

In March, the company unveiled the results of 11 more holes from its drill program, which hit values as high as 246 grams per tonne (g/t) silver equivalent in a newly discovered oxide zone.

The most recent NI 43-101 mineral estimate on Promontorio from last August contains a measured and indicated silver resource of 61.68 million silver equivalent ounces, as well as another 14.47 million silver equivalent ounces in the inferred category. 

A preliminary economic assessment (PEA) study is planned for the end of the 30,000 metre drilling campaign, and will include an updated resource estimate with results from the latest drilling. The report will then form the basis for the pre-feasibility study at Promontorio.

"We are pleased  to be involved with the advancement of Promontorio, a project that will  continue to benefit from Kootenay's capable exploration team," said president of Agnico-Eagle, Sean Boyd. "This  investment is also consistent with our desire to increase our presence  in Sonora State."

The private placement financing is expected to close near the end of the week, subject to all necessary regulatory approvals. Once the deal is closed, Agnico-Eagle will also have the right to participate in any future equity offerings by the company in order to maintain its pro rata investment.

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Tue, 23 Apr 2013 10:35:00 -0400 https://www.proactiveinvestors.com/companies/news/94465/kootenay-silver-sees-agnico-eagle-take-near-10-stake-through-475-mln-non-brokered-financing-43037.html
<![CDATA[News - Kootenay Silver commissions consulting firm for updated Promontorio resource estimate ]]> https://www.proactiveinvestors.com/companies/news/94070/kootenay-silver-commissions-consulting-firm-for-updated-promontorio-resource-estimate-42348.html  

Kootenay Silver (CVE:KTN) says it has commissioned SRK Consulting to provide an updated resource estimate for the company's flagship Promontorio silver project in Mexico, which will include and quantify gold content. 

The decision to include gold assay results follows extensive metallurgical testing and technical analysis, which confirmed up to 94.5 percent recovery of gold from pyrite concentrates from the Promontorio resource can be achieved through a pressure oxidation process, the company told investors Thursday. 

"We are very pleased to proceed with an updated resource calculation on  Promontorio and to include the extensive gold assays found to be  contained within the Promontorio diatreme system as part of our updated  resource estimation," said the company in its release, citing CEO James McDonald. 

"The gold in Promontorio is found to be evenly distributed throughout the silver resources and as such holds potential to further boost and enhance the value of the contained mineral resource going forward."

The company said Thursday that the economics and capital costs of recovering the gold resources will require further evaluation, which is now underway. 

Currently, three drills are operating at the site, as part of a 30,000 metre resource expansion program - the largest and most expansive drilling campaign conducted at Promontorio so far. 

Last month, the company unveiled the results of 11 more holes from its drill program, which hit values as high as 246 grams per tonne (g/t) silver equivalent in a newly discovered oxide zone.

The most recent NI 43-101 mineral estimate on Promontorio from last August contains a measured and indicated silver resource of 61.68 million silver equivalent ounces, as well as another 14.47 million silver equivalent ounces in the inferred category. 

A preliminary economic assessment (PEA) study is planned for the end of the 30,000 metre drilling campaign, and will include an updated resource estimate with results from the latest drilling. The report will then form the basis for the pre-feasibility study at Promontorio.

 

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Thu, 04 Apr 2013 14:38:00 -0400 https://www.proactiveinvestors.com/companies/news/94070/kootenay-silver-commissions-consulting-firm-for-updated-promontorio-resource-estimate-42348.html
<![CDATA[News - Kootenay Silver hits up to 246 g/t AgEq in new zone at Promontorio silver project ]]> https://www.proactiveinvestors.com/companies/news/93600/kootenay-silver-hits-up-to-246-gt-ageq-in-new-zone-at-promontorio-silver-project-41609.html  

Kootenay Silver (CVE:KTN) on Wednesday unveiled the results of 11 more holes from its drill program at its Promontorio silver project, which hit values as high as 246 grams per tonne (g/t) silver equivalent in a newly discovered oxide zone.

The company said its 30,000-metre, ongoing, multi-phase drill program on its flagship Promontorio project in Sonora, Mexico, consists of step out and exploratory holes testing three different target areas. Included is the extension of the Pit resource to the southwest and west, the Farm EM zone to the north and the Farm EM zone to the south, it added.

In the Farm EM zone, Kootenay said it discovered a new oxide zone of mineralization of 350 to 400 metres to the southwest of the pit resource. 

Drilling there intercepted three separate intervals, including hole 135, which returned 104 g/t silver equivalent or 81 g/t silver and 0.97% lead plus zinc over 10 metres, including three meters grading 246 g/t silver equivalent or 176 g/t silver and 3.04% lead plus zinc.

Meanwhile, hole 140 returned nine 9 metres of 47 g/t silver equivalent or 33 g/t silver and 0.60% lead plus zinc.

North of the pit resource, drill hole 129 intercepted two intervals including 60 metres returning 58 g/t silver equivalent, including 22 metres of 96 g/t silver equivalent and four metres of 57 g/t silver equivalent.

"We are very pleased with results from step-out drilling,” said CEO James McDonald.

“Assays returned a series of encouraging intercepts from a newly discovered mineralized zone in the Farm EM target area, which sits over 350 metres to the southwest of the pit resource and remains open in several directions. 

“Additionally, mineralization in the pit resource continues to open up to the north and west.”

McDonald said that ongoing drilling and technical analysis will continue to focus on delineating the extent of mineralization in the pit area and on determining the geometry of the new zone and its relation to the pit resource.

In August this past year, Kootenay announced it had nearly tripled the resource size at Promontorio. In total, the updated measured and indicated mineral resource contained an estimated 61.679 million ounces of silver equivalent, with another 14.469 million ounces of silver equivalent categorized as inferred.

Late last month, the company bolstered its management team with the appointment of project manager Kristian Whitehead, who has more than 10 years of experience as a project geologist, specializing in the implementation and management of drilling and advance staged programs. 

He will be responsible for overseeing the company's current drill program, the largest drill campaign conducted on Promontorio so far. Kootenay said the program is designed to “substantially increase” the overall size of its contained silver resource and to fast track the path to a production decision.

A preliminary economic assessment (PEA) study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. The report will then form the basis for the pre-feasibility study at Promontorio.

 

]]>
Wed, 13 Mar 2013 12:27:00 -0400 https://www.proactiveinvestors.com/companies/news/93600/kootenay-silver-hits-up-to-246-gt-ageq-in-new-zone-at-promontorio-silver-project-41609.html
<![CDATA[News - Kootenay Silver says prelim metallurgical tests show gold can be recovered effectively at Promontorio project ]]> https://www.proactiveinvestors.com/companies/news/93348/kootenay-silver-says-prelim-metallurgical-tests-show-gold-can-be-recovered-effectively-at-promontorio-project-41134.html Kootenay Silver (CVE: KTN) has revealed preliminary metallurgical results on the gold component contained within its Promontorio project silver resource in Mexico, which the company calls a positive development. 

The testing, conducted by ALS Minerals, showed that recovery of gold from the Promontorio resource is possible using post-pressure oxidation, after which 94.5% of the gold was extracted from pyrite concentrate. 

The company said though that further testing will be needed to determine the economics and capital costs of recovering the gold using pressure oxidation/cyanidation. 

An additional test is already underway to assess the gold recovery with partial oxidation of the pyrite concentrate of approximately 50%.

"The results from this  metallurgical testing is a positive development as the Promontorio  resource and mineral system contains a substantial amount of gold that  has yet to be factored into any of our resource calculations," said president and CEO James McDonald. 

"While additional work is required to assess the economics and capital costs of oxidation, and what the potential net benefits would be, these results are a promising first step, as we continue to assess the gold  component at Promontorio."

The testing was conducted on a pyrite concentrate that had a gold head assay of about 3.0 grams per tonne and about 98% of the pyrite was oxidized.

Earlier this month, the company bolstered its management team with the appointment of project manager, Kristian Whitehead, who has more than 10 years of experience as a project geologist, specializing in the implementation and management of drilling and advance staged programs. 

He will be responsible for overseeing the company's current 30,000 metre, multi-phase drill and resource expansion program now in progress on the Promontorio project, where Kootenay last month unveiled the results from the first 8 holes, which revealed values as high as 199 grams per tonne (g/t) silver. 

The 30,000 metre drill program is the largest drill campaign conducted on Promontorio so far, and Kootenay said it is designed to “substantially increase” the overall size of its contained silver resource and to fast track the path to a production decision.

A preliminary economic assessment (PEA) study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. 

The report will then form the basis for the pre-feasibility study at Promontorio.

In August this past year, Kootenay announced it had nearly tripled the resource size at Promontorio. In total, the updated measured and indicated mineral resource contained an estimated 61.679 million ounces of silver equivalent, with another 14.469 million ounces of silver equivalent categorized as inferred.

Shares of the company were flat at 80 cents in Toronto on Thursday. 

 

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Thu, 28 Feb 2013 12:50:00 -0500 https://www.proactiveinvestors.com/companies/news/93348/kootenay-silver-says-prelim-metallurgical-tests-show-gold-can-be-recovered-effectively-at-promontorio-project-41134.html
<![CDATA[News - Kootenay Silver shares rise as investors look to new project management at Promontorio, and more drill results ]]> https://www.proactiveinvestors.com/companies/news/93160/kootenay-silver-shares-rise-as-investors-look-to-new-project-management-at-promontorio-and-more-drill-results-40812.html  

Shares of Kootenay Silver (CVE:KTN) shot up over 11 per cent Wednesday, as investors look forward to more drill results from its Promontorio silver project under the guidance of its newly appointed project manager, Kristian Whitehead.

Last week, the company bolstered its management team with the appointment of Whitehead, who has more than 10 years of experience as a project geologist, specializing in the implementation and management of drilling and advance staged programs. 

Kootenay said Whitehead has "extensive experience working in Mexico", having worked on several regional projects that include the Santa Lucia in Sonora, Mexico,  Golconda in Sonora, and Comacho in Zacatecas.

He will be responsible for overseeing the company's current 30,000 metre, multi-phase drill and resource expansion program now in progress on the Promontorio project, where Kootenay last month unveiled the results from the first 8 holes, which revealed values as high as 199 grams per tonne (g/t) silver. 

The 30,000 metre drill program is the largest drill campaign conducted on Promontorio so far, and Kootenay said it is designed to “substantially increase” the overall size of its contained silver resource and to fast track the path to a production decision.

A preliminary economic assessment (PEA) study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. The report will then form the basis for the pre-feasibility study at Promontorio.

In August this past year, Kootenay announced it had nearly tripled the resource size at Promontorio. In total, the updated measured and indicated mineral resource contained an estimated 61.679 million ounces of silver equivalent, with another 14.469 million ounces of silver equivalent categorized as inferred.

The company’s shares were lately up nine cents, trading at 90 cents.

 

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Wed, 20 Feb 2013 14:36:00 -0500 https://www.proactiveinvestors.com/companies/news/93160/kootenay-silver-shares-rise-as-investors-look-to-new-project-management-at-promontorio-and-more-drill-results-40812.html
<![CDATA[News - Kootenay Silver adds Kristian Whitehead as project manager for Promontorio ]]> https://www.proactiveinvestors.com/companies/news/93031/kootenay-silver-adds-kristian-whitehead-as-project-manager-for-promontorio-40566.html

Kootenay Silver (CVE:KTN) says it has bolstered its management team with the appointment of Kristian Whitehead as project manager of its Promontorio silver project in Sonora, Mexico. 

Whitehead has more than 10 years  experience as a project geologist, specializing in the implementation  and management of drilling and advance staged programs. 

He will report directly to Kootenay's VP of exploration, Dr. Tom Richards, and will be responsible for overseeing the company's current 30,000 metre, multi-phase drill and resource expansion program now in progress on the project.

Whitehead is a former senior project geologist for Hawthorne Gold Corp, as well as a senior project geologist for StrataGold Corp and former project and mine geologist for Fire River Gold Corp. 

As an independent geological consultant, he has also acted on behalf of several exploration and mining companies including Southbridge  Resources, Teslin River Resources, Hunter Dickinson, Taseko Mines, Fortunate Sun Mining and Copper Creek Gold.

Kootenay said Whitehead's technical, management, and geological experience in all aspects of underground and surface exploration will support the company's current plans at Promontorio. 

"We are very pleased  to welcome Kristian Whitehead to the Kootenay team and look forward to  his valued contributions going forward," said Kootenay CEO James McDonald in the statement.

"His geological and technical  experience will undoubtedly play a vital role in the continued success of our ongoing resource expansion program at the Promontorio Silver  Project."

Kootenay noted Whitehead's "extensive experience working in Mexico", having worked on  several regional projects that include, the Santa Lucia in Sonora, Mexico,  Golconda in Sonora, and Comacho in Zacatecas.

The junior explorer's shares were up more than 11% before the news was released, and were lately up over 5% to 90 cents. 

Late last month, the company unveiled the results from the first 8 holes of the resource expansion program at Promontorio, which it said showed that potential to the north may be better than previously thought. All holes were drilled outside of the current resource boundaries - at intervals of 50 to 100 metres. 

The 30,000 metre drill program is the largest drill campaign conducted on Promontorio so far, and Kootenay said it is designed to “substantially increase” the overall size of its contained silver resource and to fast track the path to a production decision.

A preliminary economic assessment (PEA) study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. The report will then form the basis for the pre-feasibility study at Promontorio. 

In August this past year, Kootenay announced it had nearly tripled the resource size at Promontorio. In total, the updated measured and indicated mineral resource contains an estimated 61.679 million ounces of silver equivalent, with another 14.469 million ounces of silver equivalent categorized as inferred.

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Wed, 13 Feb 2013 13:29:00 -0500 https://www.proactiveinvestors.com/companies/news/93031/kootenay-silver-adds-kristian-whitehead-as-project-manager-for-promontorio-40566.html
<![CDATA[News - Kootenay Silver shares surge as Promontorio project offers potential ]]> https://www.proactiveinvestors.com/companies/news/93023/kootenay-silver-shares-surge-as-promontorio-project-offers-potential-40559.html  

Shares of Kootenay Silver (CVE:KTN) shot up over 11 per cent Wednesday, having risen nearly as much over the past week, as investors look forward to more drill results from its Promontorio silver project, where it recently hit values of as high as 199 grams per tonne (g/t) silver. 

Late last month, the company unveiled the results from the first 8 holes of the resource expansion program at Promontorio, located in Mexico, which it said showed that potential to the north may be better than previously thought. All holes were drilled outside of the current resource boundaries - at intervals of 50 to 100 metres. 

The 30,000 metre drill program is the largest drill campaign conducted on Promontorio so far, and Kootenay said it is designed to “substantially increase” the overall size of its contained silver resource and to fast track the path to a production decision.

A preliminary economic assessment (PEA) study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. The report will then form the basis for the pre-feasibility study at Promontorio. 

Notable holes from last month included DH 121-12, which returned 62 g/t silver equivalent over 47 metres, including 94 g/t silver equivalent over 17 metres. 

A number of high grade silver equivalent intercepts, including 152 g/t over 5 metres, were found within 20 metres of 36 g/t silver equivalent in hole DH 124-12. 

Meanwhile, hole DH 125-12 returned 119 g/t silver equivalent over 6 metres and 94 g/t over 14 metres, including 199 g/t over 3 metres. 

In August this past year, Kootenay announced it had nearly tripled the resource size at Promontorio. 

In total, the updated measured and indicated mineral resource contains an estimated 61.679 million ounces of silver equivalent, with another 14.469 million ounces of silver equivalent categorized as inferred.

Kootenay’s shares were up 11.76 per cent as at about 11:30 a.m. EDT, trading at 95 cents.

 

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Wed, 13 Feb 2013 11:27:00 -0500 https://www.proactiveinvestors.com/companies/news/93023/kootenay-silver-shares-surge-as-promontorio-project-offers-potential-40559.html
<![CDATA[News - Kootenay Silver sees more potential to the north at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/92738/kootenay-silver-sees-more-potential-to-the-north-at-promontorio-40029.html

Kootenay Silver (CVE:KTN) revealed Wednesday the first drill results from its 30,000 metre resource expansion program at its Promontorio silver project in Mexico, indicating potential to the north may be better than previously thought. 

Shares of the company were up by 2 cents to 89 cents this morning.

The company unveiled the results from the first 8 holes of the program today, with all holes outside of the current resource boundaries - at intervals of 50 to 100 metres. 

Notable holes included DH 121-12, which returned 62 grams per tonne (g/t) silver equivalent over 47 metres, including 94 g/t silver equivalent over 17 metres. 

A number of high grade silver equivalent intercepts, including 152 g/t over 5 metres, were found within 20 metres of 36 g/t silver equivalent in hole DH 124-12. 

Meanwhile, hole DH 125-12 returned 119 g/t silver equivalent over 6 metres and 94 g/t over 14 metres, including 199 g/t over 3 metres. 

"We are very pleased with results from step-out drilling," said CEO James McDonald. 

"Mineralization in the Northeast Zone is widespread and continues to  remain open to the north, northeast, east and south. 

"DH 125 and 122 indicate potential to the north may be better than previously known. Wide intervals of altered diatreme facies (units) with mineralized  intervals encountered over drilled lengths to 380 meters again confirm  the system is very large and robust."

The company said drills are now operating in areas to the west and southwest of the pit resource, focused on expanding ounces. 

Further drilling is also planned for the Northeast Zone to define the size of the mineralization.

The 30,000 metre drill program, which is the  largest drill campaign conducted on Promontorio so far, is designed to  substantially increase the overall size of Promontorio's contained  silver resource and to fast track the path to a production decision.

A PEA study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. The report will then form the basis for the pre-feasibility study at Promontorio. 

The news today follows the unveiling of an updated resource estimate at Promontorio in August, which saw a near tripling of the resource size. 

In total, the updated measured and indicated mineral resource at Promontorio contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

The significant increase in resources was due to extensive additional drilling of over 37,900 metres. Kootenay said over 22,000 samples were used in the modeled wireframes compared to just over 3,000 for the previous model.

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Wed, 30 Jan 2013 11:39:00 -0500 https://www.proactiveinvestors.com/companies/news/92738/kootenay-silver-sees-more-potential-to-the-north-at-promontorio-40029.html
<![CDATA[News - Kootenay Silver promises "exciting" year ahead as drilling restarts at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/92465/kootenay-silver-promises-exciting-year-ahead-as-drilling-restarts-at-promontorio-39543.html

Kootenay Silver (CVE: KTN) has restarted its 30,000 metre drilling program on its main Promontorio silver project in Sonora, Mexico, calling for an "exciting" year ahead with a total of three core rigs now operating on site. 

Drilling has restarted following a two-week seasonal break, before which a total of eight core holes were completed, all located in the northeast zone. 

Samples from the step-out holes, which were looking for extensions to known mineralization, have been sent to labs for testing, with results to be reported once received. 

Drilling now will look to expand the Dorotea area and southwest of the Pit zone, the company said. 

The current 30,000 metre campaign is the largest drill program conducted on Promontorio so far, and is designed to "substantially increase" the overall size of the contained silver resource at the site, and to expedite the process to a production decision. 

"We are very pleased to ramp up  drilling again at Promontorio and to report the first 8 drill holes of  our program have been completed and sent for assaying," said CEO James McDonald, in a statement Thursday.

"It promises to  be a very exciting year ahead. Due to the accelerated nature of the  program, shareholders can expect a steady stream of upcoming drill  results coming from the Promontorio camp as our drill and resource expansion program reaches full capacity over the coming weeks and  months."

In other news, the company said its exploration team has reported a "promising new area" of mineralization in outcrops on the main northeast to southwest trending structure, which hosts the northeast and Pit resources. 

The new mineralization is considered important, Kootenay said, as it adds a potential 3 kilometres to the strike extent of mineralization in the Diatreme Breccia Corridor. 

A PEA study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. The report will then form the basis for the pre-feasibility study at Promontorio. 

The news today follows the unveiling of an updated resource estimate at Promontorio in August, which saw a near tripling of the resource size. In total, the updated measured and indicated mineral resource at Promontorio contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

The significant increase in resources was due to extensive additional drilling of over 37,900 metres. Kootenay said over 22,000 samples were used in the modeled wireframes compared to just over 3,000 for the previous model.

In September, the company completed a sensitivity analysis of varying metal prices at 18, 24 and 36-month trailing averages, and found that when even the most conservative metal prices observed during the 18 to 36 month period were applied, there was less than a 4 per cent variance in Promontorio’s measured and indicated resource. 

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Thu, 17 Jan 2013 12:00:00 -0500 https://www.proactiveinvestors.com/companies/news/92465/kootenay-silver-promises-exciting-year-ahead-as-drilling-restarts-at-promontorio-39543.html
<![CDATA[News - Kootenay Silver starts major 30,000 metre drill program at Promontorio project ]]> https://www.proactiveinvestors.com/companies/news/91496/kootenay-silver-starts-major-30000-metre-drill-program-at-promontorio-project-37817.html

Kootenay Silver (CVE:KTN) says that its 30,000 metre drill and resource expansion program on its  flagship Promontorio silver project in Sonora, Mexico has officially started. 

The company, which closed a fully subscribed $8.25 million brokered private placement financing last month, said at present, two  core rigs are operating on the project with a third rig currently in transit.

The campaign is expected to use up to five drill rigs at full capacity, representing the single largest drilling campaign conducted on the Promontorio project to date. The program is designed to increase the overall size of the contained silver resource, and to quicken the path to a production decision. 

"We are very pleased and excited to  announce our aggressive, multi-phase drill and resource expansion  program on the Promontorio Silver project is underway," said CEO James McDonald.

"Due to the  accelerated nature of the program, shareholders can expect a steady  stream of upcoming drill results coming from the Promontorio camp, as  the resource expansion program ramps up over the coming weeks and months."

The company also reported it is now finalizing the expansion of its on-site camp facilities at Promontorio to accommodate the recent increase in camp personnel and work force. 

Initial drilling will focus on expanding the known silver resource, beginning with unconfined portions of the higher grade resource in the Pit and Northeast zones. 

The company said multi-phase drilling will also include several oriented  triple-wall diamond core holes to obtain enough data to help in the preliminary pit design for open pit mining.

In addition, step out drilling will take place on five "high-priority, mineralized stockwork  breccia targets" defined by surface exploration and limited drilling that sit outside of the known silver resource, Kootenay added. 

The program will also look to upgrade inferred resources into the measured and indicated category at the project through infill drilling. 

The company is also continuing with baseline studies to advance the permitting process, and with metallurgical testing to define metal recoveries, as it will begin its preliminary economic assessment study of the property. Specifically, it will focus on determining the gold recovery of the Dorotea region, where gold content is higher than the resource area, Kootenay said. 

The PEA study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. 

The report will then form the basis for the pre-feasibility study at Promontorio. 

The news today follows the unveiling of an updated resource estimate at Promontorio in August, which saw a near tripling of the resource size. In total, the updated measured and indicated mineral resource at Promontorio contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

The significant increase in resources was due to extensive additional drilling of over 37,900 metres. Kootenay said over 22,000 samples were used in the modeled wireframes compared to just over 3,000 for the previous model.

In September, the company completed a sensitivity analysis of varying metal prices at 18, 24 and 36-month trailing averages, and found that when even the most conservative metal prices observed during the 18 to 36 month period were applied, there was less than a 4 per cent variance in Promontorio’s measured and indicated resource. 

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Tue, 27 Nov 2012 10:07:00 -0500 https://www.proactiveinvestors.com/companies/news/91496/kootenay-silver-starts-major-30000-metre-drill-program-at-promontorio-project-37817.html
<![CDATA[News - Kootenay Silver to start major 30,000 metre drill program to expand Promontorio resource as it moves to PEA stage ]]> https://www.proactiveinvestors.com/companies/news/91026/kootenay-silver-to-start-major-30000-metre-drill-program-to-expand-promontorio-resource-as-it-moves-to-pea-stage-37037.html Kootenay Silver (CVE: KTN) says that a major 30,000 metre drill and resource expansion program is due to start soon at its Promontorio silver project in Sonora, Mexico. 

The company, which closed a fully subscribed $8.25 million brokered private placement financing last month, said it has secured drilling contracts and has begun mobilizing drill rigs. 

The campaign is expected to use up to five drill rigs at full capacity, representing the single largest drilling campaign conducted on the Promontorio project to date.

"We could not be more pleased to  close our financing and to proceed with the next major step in the  advanced development of Promontorio," said CEO James McDonald. 

"The multi-phase drill and resource  expansion program will focus on continuing to expand the known silver  resource to the NE and SW of the main deposit, and on five adjacent,  high-priority, mineralized stockwork breccia targets that offer  significant potential for further resource expansion. 

"The overall objective of the multi-phase program will be to continue to define the  continuity and parameters of the contained silver deposit, and to drive  the overall size of the silver resource to upwards of 100 million silver equivalent ounces by the conclusion of the program."

Slated to start in the middle of this month, initial drilling will focus on expanding the known silver resource, beginning with unconfined portions of the higher grade resource in the Pit and Northeast zones. 

The company said multi-phase drilling will also include several oriented  triple-wall diamond core holes to obtain enough data to support a preliminary pit slope design for open pit mining.

In addition, step out drilling will take place on five "high-priority, mineralized stockwork  breccia targets" defined by surface exploration and limited drilling, Kootenay added. 

The program will look to upgrade inferred resources into the measured and indicated category at the project. 

The company is also continuing with baseline studies to advance the permitting process, and with metallurgical testing to define metal recoveries, as it will begin its preliminary economic assessment study of the property.

The study is planned for the end of the drilling campaign, and will include an updated resource estimate with results from the latest drilling. 

The report will form the basis for the pre-feasibility study at Promontorio. 

The news today follows the unveiling of an updated resource estimate at Promontorio in August, which saw a near tripling of the resource size. In total, the updated measured and indicated mineral resource at Promontorio contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

The significant increase in resources was due to extensive additional drilling of over 37,900 metres. Kootenay said over 22,000 samples were used in the modeled wireframes compared to just over 3,000 for the previous model.

In September, the company completed a sensitivity analysis of varying metal prices at 18, 24 and 36-month trailing averages.

"When you apply even the most conservative metal prices observed during the 18 to 36 month period, there is less than a 4 per cent variance in Promontorio’s measured and indicated resource," CEO McDonald said in early September. 

"This is due to the impact of the high silver grades in the diatreme system, which is also exciting as it has a positive impact on the economic dynamics of the resource."

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Wed, 07 Nov 2012 10:17:00 -0500 https://www.proactiveinvestors.com/companies/news/91026/kootenay-silver-to-start-major-30000-metre-drill-program-to-expand-promontorio-resource-as-it-moves-to-pea-stage-37037.html
<![CDATA[News - Kootenay Silver wraps up final tranche of $8.25 mln financing ]]> https://www.proactiveinvestors.com/companies/news/90853/kootenay-silver-wraps-up-final-tranche-of-825-mln-financing-36729.html

Kootenay Silver (CVE: KTN) says it has closed the final tranche of its $8.25 million brokered private placement financing. 

It issued 1.0 million units at a price of $1.05 each, for gross proceeds of $1.05 million, completing the balance of the offering.

Each unit was made up of one common share and one half of one share purchase warrant. Every warrant is good for one additional share at a price of $1.30 for a period of two years from today's date. 

In total, the company issued 7.86 million units in the offering, which was led by Dundee Securities. 

The company said the new funds will be used to advance its Promontorio silver project in Mexico, as well as for the maintenance of other projects and general corporate purposes. 

The news follows the unveiling of an updated resource estimate at Promontorio in August, which saw a near tripling of the resource size. 

In total, the updated measured and indicated mineral resource at Promontorio contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

The significant increase in resources was due to extensive additional drilling of over 37,900 metres to expand the previous resource, as well as define an entirely new area to the northeast of the previous resource. 

Kootenay said over 22,000 samples were used in the modeled wireframes compared to just over 3,000 for the previous model.

The resource areas remain open in multiple directions with the next steps being the aggressive expansion of these resources through drilling, Kootenay said, and the advancement of geotechnical, engineering, groundwater and environmental  studies for the project.

Last month, the company completed a sensitivity analysis of varying metal prices at 18, 24 and 36-month trailing averages.

"When you apply even the most conservative metal prices observed during the 18 to 36 month period, there is less than a 4 per cent variance in Promontorio’s measured and indicated resource," Kootenay Silver president and CEO James McDonald said in early September. 

"This is due to the impact of the high silver grades in the diatreme system, which is also exciting as it has a positive impact on the economic dynamics of the resource."

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Wed, 31 Oct 2012 11:14:00 -0400 https://www.proactiveinvestors.com/companies/news/90853/kootenay-silver-wraps-up-final-tranche-of-825-mln-financing-36729.html
<![CDATA[News - Kootenay Silver closes first tranche of private placement, raising $7.2 mln so far ]]> https://www.proactiveinvestors.com/companies/news/90728/kootenay-silver-closes-first-tranche-of-private-placement-raising-72-mln-so-far-36508.html

Kootenay Silver (CVE:KTN) said today that it has closed the first tranche of its brokered private placement financing announced earlier this month, raising $7.2 million so far - more than originally anticipated. 

The company said it has received subscriptions for $8.25 million of units. 

The first tranche consisted of 6.86 million units at a price of $1.05 each, for around $7.2 million in gross proceeds. 

Kootenay expects the remainder of the offering, led by Dundee Securities, to close shortly, it said, and will provide updates accordingly. 

Every unit is made up of one common share and one half of a share purchase warrant, with each whole warrant good for an additional share at a price of $1.30 for a period of two years from closing. 

Earlier this month, the company said it planned to raise just $6.0 million for the advancement of its Promontorio project in Mexico, as it had agreed with Dundee Securities, on behalf of a syndicate, to offer up 5.72 million units at $1.05 each. 

The news today follows the unveiling of an updated resource estimate at Promontorio in August, which saw a near tripling of the resource size. 

The new funds from the offering will be used to advance the project, as well as maintain its other properties and for general corporate purposes. 

In total, the updated measured and indicated mineral resource at Promontorio contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

The significant increase in resources was due to extensive additional drilling of over 37,900 metres to expand the previous resource, as well as define an entirely new area to the northeast of the previous resource. 

Kootenay said over 22,000 samples were used in the modeled wireframes compared to just over 3,000 for the previous model.

The resource areas remain open in multiple directions with the next steps being the aggressive expansion of these resources through drilling, Kootenay said, and the advancement of geotechnical, engineering, groundwater and environmental  studies for the project.

Last month, the company completed a sensitivity analysis of varying metal prices at 18, 24 and 36-month trailing averages.

"When you apply even the most conservative metal prices observed during the 18 to 36 month period, there is less than a 4 per cent variance in Promontorio’s measured and indicated resource," Kootenay Silver president and CEO James McDonald said in early September. 

"This is due to the impact of the high silver grades in the diatreme system, which is also exciting as it has a positive impact on the economic dynamics of the resource."

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Thu, 25 Oct 2012 14:13:00 -0400 https://www.proactiveinvestors.com/companies/news/90728/kootenay-silver-closes-first-tranche-of-private-placement-raising-72-mln-so-far-36508.html
<![CDATA[News - Kootenay Silver to raise $6 mln to advance Promontorio project ]]> https://www.proactiveinvestors.com/companies/news/90170/kootenay-silver-to-raise-6-mln-to-advance-promontorio-project--35612.html

Kootenay Silver (CVE:KTN) says it will raise around $6.0 million in a private placement financing for the advancement of its Promontorio project in Mexico. 

The news, which came out late last night, follows the unveiling of an updated resource estimate at Promontorio in August, which saw a near tripling of the resource size. 

Thursday, the company said it has agreed with Dundee Securities, on behalf of a syndicate, to offer up 5.72 million units at $1.05 each. 

Every unit is made up of one common share and one half of a share purchase warrant, with each whole warrant good for an additional share at a price of $1.30 for a period of two years from closing. 

The company has also granted an over-allotment option, which could see it sell up to an additional 2.1 million units - used any time 2 days before the offering closes. 

Kootenay said it plans to use the new funds for developing its Promontorio project, as well as for the maintenance of its other assets and for general corporate purposes. 

The deal is set to close before October 25, subject to some conditions, including regulatory approvals. 

In total, the updated measured and indicated mineral resource at Promontorio contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

The significant increase in resources was due to extensive additional drilling of over 37,900 metres to expand the previous resource, as well as define an entirely new area to the northeast of the previous resource. 

Kootenay said over 22,000 samples were used in the modeled wireframes compared to just over 3,000 for the previous model.

The resource areas remain open in multiple directions with the next steps being the aggressive expansion of these resources through drilling, Kootenay said, and the advancement of geotechnical, engineering, groundwater and environmental  studies for the project.

Last month, the company completed a sensitivity analysis of varying metal prices at 18, 24 and 36-month trailing averages.

"When you apply even the most conservative metal prices observed during the 18 to 36 month period, there is less than a 4 per cent variance in Promontorio’s measured and indicated resource," Kootenay Silver president and CEO James McDonald said in early September. 

"This is due to the impact of the high silver grades in the diatreme system, which is also exciting as it has a positive impact on the economic dynamics of the resource."

]]>
Fri, 05 Oct 2012 09:32:00 -0400 https://www.proactiveinvestors.com/companies/news/90170/kootenay-silver-to-raise-6-mln-to-advance-promontorio-project--35612.html
<![CDATA[News - Kootenay Silver's "comprehensive approach" paying off, AheadoftheHerd.com says ]]> https://www.proactiveinvestors.com/companies/news/89811/kootenay-silvers-comprehensive-approach-paying-off-aheadoftheherdcom-says-35054.html

Investor site AheadoftheHerd.com suggests that it's time to turn your attention to Kootenay Gold Inc. (CVE:KTN) if you believe in the adage "mines are made, not discovered". 

Drawing from the experience of its management team, led by chief executive and chief geologist James McDonald, Kootenay is applying the same pragmatic approach to its flagship Promontorio Silver Project in Sonora Mexico, that has helped companies McDonald has been associated with, such as Alamos Gold (TSE:AGI), turn into accomplished producers.

Since first acquiring the historic past producer in 2005, Kootenay has taken no shortcuts in its quest to systematically exploit the vast silver resources believed to exist within Promontorio’s 79,000 hectare borders. 

Based on its success to date and the projects maturing status, the company’s comprehensive approach appears to be paying off, Rick Mills of the AheadoftheHerd.com newsletter said.

Kootenay Silver's strategy has been to build a company incorporating both the property ownership dilution business model and share dilution model. 

They have several projects joint ventured with other junior explorers who pay costs for exploration and issue shares in their company while Kootenay has retained 100 per cent ownership of their flagship Mexican property,the advanced stage Promontorio silver project.

A 43-101 Resource Estimate released in August of 2010 shows the Promontorio Silver Project contained indicated and inferred resources of over 10 million ounces of silver along with substantial amounts of lead and zinc. The overall contained metal values at Promontorio were estimated at $320 million. 

Since August 2012, Kootenay Silver put out two significant news releases, the first was in regards to an updated resource estimate – resources have gone from an in ground value of $320 million to over two billion dollars using today’s silver price. 

In two short years KTH has increased shareholder value by a factor of over six times while keeping the share count at a very respectable 59.5 million fully diluted.

The open pit mineral resources for the Promontorio Project are 36,018,000 tonnes grading an average of 51.35 grams per tonne (g/t) silver equivalent classified as Measured and Indicated Mineral Resources, with an additional 9,136,000 tonnes grading an average of 42.86 g/t silver equivalent classified as Inferred Mineral Resources. 

This resource is stated above a 15.00 g/t cut-off grade and contained within potentially economically mineable pit shells. 

Underground mineral resources are 2,216,000 tonnes grading an average of 48.75 g/t silver equivalent classified as Indicated Mineral Resources, with an additional 3,077,000 tonnes grading an average of 53.90 g/t silver equivalent classified as Inferred Mineral Resources. 

The resource is stated above a 35.00 g/t cut-off grade to reflect the higher mining costs associated with underground production. 

Rick Mills is the owner of Aheadoftheherd.com and invests in the junior resource/bio-tech sectors.

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Mon, 24 Sep 2012 08:45:00 -0400 https://www.proactiveinvestors.com/companies/news/89811/kootenay-silvers-comprehensive-approach-paying-off-aheadoftheherdcom-says-35054.html
<![CDATA[News - Kootenay Silver says sensitivity analysis further supports 60+ mln ounces at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/89345/kootenay-silver-says-sensitivity-analysis-further-supports-60-mln-ounces-at-promontorio-34361.html

Kootenay Silver Inc. (CVE:KTN) has completed a sensitivity analysis of varying metal prices at 18, 24 and 36-month trailing averages.

This further supports the recent updated NI 43-101 resource estimate at its flagship Promontorio Silver Project in Sonora, Mexico. Full details of the analysis can be found at: http://www.kootenaysilver.com/i/pdf/Prom-2012-08-31v3.pdf

"When you apply even the most conservative metal prices observed during the 18 to 36 month period, there is less than a 4 per cent variance in Promontorio’s measured and indicated resource," Kootenay Silver president and CEO James McDonald said.

"This is due to the impact of the high silver grades in the diatreme system, which is also exciting as it has a positive impact on the economic dynamics of the resource. 

"Moreover, using the lowest metal prices observed over the three-year period, Promontorio still maintains a benchmark measured and indicated silver equivalent resource totaling over 60 million ounces."

Kootenay Silver is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. 

Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay’s objective is to develop near term discoveries and long-term sustainable growth.

Last month, the company nearly tripled the resource size of its flagship Promontorio project in Mexico.

In total, the updated measured and indicated mineral resource contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

Open pit mineral resources for the Promontorio silver-lead-zinc project are just over 36 million tonnes, grading an average of 51.35 grams per tonne (g/t) of AgEq in the measured and indicated category, for a total of 59.463 million ounces of AgEq.

In the inferred category, open pit mineral resources are just over 9.13 million tonnes, grading an average of 42.86 g/t AgEq for a total of 9.136 million ounces of AgEq.

Kootenay said the resource is stated above a 15.00 g/t cut-off grade and contained within potentially economically mineable pit shells.

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Thu, 06 Sep 2012 11:12:00 -0400 https://www.proactiveinvestors.com/companies/news/89345/kootenay-silver-says-sensitivity-analysis-further-supports-60-mln-ounces-at-promontorio-34361.html
<![CDATA[News - Kootenay Silver unveils updated resource estimate, nearly triples previous resource ]]> https://www.proactiveinvestors.com/companies/news/88895/kootenay-silver-unveils-updated-resource-estimate-nearly-triples-previous-resource-33622.html  

Kootenay Silver (CVE:KTN.V) Tuesday announced that an updated NI 43-101 resource estimate has nearly tripled the resource size of its flagship Promontorio project in Mexico.

Shares of the company rose 4.76 per cent on the news, trading at $1.10 as at 2:30 p.m. ET.

In total, the updated measured and indicated mineral resource contains an estimated 61.679 million ounces of silver equivalent (AgEq), with another 14.469 million ounces of AgEq categorized as inferred.

“Not only have we nearly tripled our previous resource, the nearly 60 million silver equivalent ounces lie within an open pit and greatly enhance the potential economic viability of the project, putting on track with our objective of becoming a major, low-cost, Mexican silver producer,” says CEO James McDonald.

“It is immensely satisfying to see the hard work and diligence of our entire team on the  ground and in the office be rewarded by such an excellent result.”

Open pit mineral resources for the Promontorio silver-lead-zinc project are just over 36 million tonnes, grading an average of 51.35 grams per tonne (g/t) of AgEq in the measured and indicated category, for a total of 59.463 million ounces of AgEq.

In the inferred category, open pit mineral resources are just over 9.13 million tonnes, grading an average of 42.86 g/t AgEq for a total of 9.136 million ounces of AgEq.

Kootenay said the resource is stated above a 15.00 g/t cut-off grade and contained within potentially economically mineable pit shells.

“We cannot emphasize enough the significance that the 59 million measured and indicated silver equivalent ounces are contained within two optimized Whittle Pits,” said McDonald in a statement.

“This bodes extremely well for the potential economic viability of the Promontorio project and our objective of  seeing Promontorio become a prominent Mexican silver producer.”

Underground mineral resources are just over 1.4 million tonnes, grading an average of 48.75 g/t AgEq in the indicated category, for a total of 2.216 million ounces of AgEq.

In the inferred category, underground mineral resources are just over 3 million tonnes, grading an average of 53.90 g/t AgEq, for a total of 5.333 million ounces of AgEq.

Kootenay noted that the underground resource is stated above a 35.00 g/t cut-off grade to reflect the  higher mining costs associated with underground production.

The significant increase in resources is due to extensive additional drilling of over 37,900 metres to expand the previous resource, as well as define an entirely new area to the northeast of the previous resource. 

Kootenay said over 22,000 samples were used in the modeled wireframes compared to just over 3,000 for the previous model.

The company said that new zones of mineralization were defined through careful logging of the geology, and have been defined as wireframes that are volumetrically almost 15 times larger than the previously modeled high-grade core that limited the estimation.

Silver prices used for calculations in the previous report were $15 per ounce, less than half of the current 18-month rolling average of $34 per ounce. Kootenay said that had a positive significant impact on the amount of material included in the pit optimization.

Kootenay said pit optimization is based on assumed silver, lead, and zinc prices of  $34 per ounce, $1.07 per pound and 97 cents per pound, respectively. It was also based on mill recoveries of 82, 85 and 91 per cent, respectively and a 1.5 per cent net smelter return (NSR).

Pit optimization also incorporated mining costs of $1.20 per tonne and a processing and general and administrative cost of $12 per tonne.

The company said the resource areas remain open in multiple directions and have the potential to materially increase in size.

The next steps will be to aggressively pursue the expansion of these resources through drilling, Kootenay said, and to advance geotechnical, engineering, groundwater and environmental  studies for the project.

“This NI 43-101 resource estimate is truly a milestone achievement for Kootenay Silver and is a testament to the hard work and diligence of our entire team on the ground and in the office,” concluded McDonald.

The mineral resource estimate was completed by SRK Consulting, and will be filed within 45 days.

Kootenay Silver is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia. 

The company’s flagship Promontorio project has been recognized as a silver, gold,  lead and zinc diatreme system. A diatreme is a breccia-filled volcanic pipe or concave body that was formed by a gaseous explosion or hydrostatic forces. 

What makes a diatreme system exciting is the upside potential, as some of the world’s largest precious metal deposits are hosted in diatremes, such as Goldcorp’s (TSE:G) Penasquito Mine in Mexico. Diatreme systems can also keep producing new discoveries over a long period of time. 

 

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Tue, 21 Aug 2012 14:31:00 -0400 https://www.proactiveinvestors.com/companies/news/88895/kootenay-silver-unveils-updated-resource-estimate-nearly-triples-previous-resource-33622.html
<![CDATA[News - Kootenay Silver says updated Promontorio resource expected in August, additional targets found ]]> https://www.proactiveinvestors.com/companies/news/88203/kootenay-silver-says-updated-promontorio-resource-expected-in-august-additional-targets-found-32449.html Kootenay Silver (CVE:KTN) reported Wednesday that drill hole analysis from over 40,000 metres of drilling at its Promontorio project in Mexico has now been forwarded to a third-party consulting company for the preparation of an updated NI 43-101 compliant resource estimate.

SRK Consulting received the analysis and geologic modeling from drilling on the Northeast zone, the Southwest zone and the Pit zone.

The analysis was done by Kootenay VP of Exploration, Dr. Tom Richards, in conjunction with the company's technical team.

The data included the separation and re-logging of core from a total of 191 individual drill holes, and an in-depth geological interpretation of previous results and how these results pertain to a diatreme system.

The recent definitive recognition of Promontorio as a silver, gold,  lead and zinc diatreme system led to this completed work by the company.

A diatreme is a breccia-filled volcanic pipe or concave body that was formed by a gaseous explosion or hydrostatic forces.

What makes a diatreme system exciting is the upside potential, as some of the world’s largest precious metal deposits are hosted in diatremes, such as Goldcorp’s (TSE:G) Penasquito Mine in Mexico.

Diatreme systems can also keep producing new discoveries over a long period of time.

Kootenay said that the analysis shipped off determined that the gold component from the results at Promontorio represents a "significant" part of the diatreme system, and therefore needs to be quantified and evaluated.

"We are very pleased to conclude the  resource modeling and in-depth analysis of drill core from Promontorio," said CEO James McDonald.
 
"Based on our findings, it is apparent the prospects for multiple,  additional precious metal discoveries within Promontorio's diatreme  system and lengthy mineralized trend are substantial."

Indeed, the company said several high priority existing and new drill targets have been identified within the diatreme system. This includes the Dorotea Zone,  which is situated roughly 1,600 metres to the northwest of  Promontorio's Pit resource.

The Dorotea Zone has been traced for more than 2 kilometres, and surface sampling and trenching indicate mineralization along at least 1,000 metres of its length.

Highlights from limited step-out drilling in 2009 included hole KP-56-08 that returned 34.5 metres grading 1.73 grams per tonne (g/t) gold  and 74.83 g/t silver and 2.42% lead+zinc, including 9 metres grading 3.28  g/t gold and 173.40 g/t silver and 5.24% lead+zinc.

As a result of some brief delays from  Kootenay's recent core analysis and geologic interpretation of  Promontorio's diatreme system, the company said results from the SRK resource estimate are now  expected to be completed in mid to late August.

The company also said that a recent regional exploration program on the 80,000 hectare Promontorio concession block resulted in new drill targets forming part of the 25 by 15 kilometre northwest trending Promontorio Belt.

Priority targets include the Nopalera, the Tordillo, the La Negra and the Leona zones.

The Nopalera area is comprised of 10 showing areas, five of which are at or near drill ready, the company said. In the zone, 19 grab samples averaged 4.78  g/t gold with values to 56 g/t gold and 197 g/t silver.

The La Negra zone, meanwhile, represents a diatreme breccia noted during a regional  reconnaissance program, which gave values of 72, 29, 22, g/t silver with  anomalous lead, and zinc, Kootenay said.

"The breccias are very similar to the  Promontorio diatreme breccias and airborne geophysics suggests it could  be similar in size," it added.

Kootenay Silver is developing mineral projects in the  Sierra Madre region of Mexico and in British Columbia, Canada, with its flagship property being the Promontorio mine in Sonora State.

Currently, Promontorio itself hosts an NI 43-101-compliant resource containing 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver, 99.3 million indicated pounds of lead plus 13.4 million inferred pounds of lead, and 110.8 million indicated pounds of zinc plus 14.3 million inferred pounds of zinc.

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Wed, 25 Jul 2012 12:36:00 -0400 https://www.proactiveinvestors.com/companies/news/88203/kootenay-silver-says-updated-promontorio-resource-expected-in-august-additional-targets-found-32449.html
<![CDATA[News - Kootenay Silver, Pinecrest unveil 11 metres at 26 g/t silver in phase 1 drilling at Espiritu ]]> https://www.proactiveinvestors.com/companies/news/87076/kootenay-silver-pinecrest-unveil-11-metres-at-26-gt-silver-in-phase-1-drilling-at-espiritu-30580.html Kootenay Silver (CVE:KTN) and Pinecrest Resources (CVE:PCR) reported Friday initial phase 1 drill results from the Espiritu polymetallic property in Sonora, Mexico.

Pinecrest, as operator of the project, can earn a 50 per cent interest in the Espiritu project by spending $1.0 million on exploration over a four-year period, and by issuing up to 750,000 shares over three years.

Five diamond drill holes for a total of 409 metres were completed on two of seven known silver-rich mineralized areas outlined so far at the site.

Two of the five holes tested the Road Show Zone and three tested the Molinos Zone.

At the Road Show Zone, the holes were designed to test a 500 by 500 metre target containing silver, gold, lead, zinc and copper mineralization.

ESP-12-01 intersected 54 metres of "ferro-dolomite altered breccia", of which 41 metres were anomalous in silver, lead and zinc, with the best interval returning 11.0 metres grading 26.2 grams per tonne (g/t) silver, 2,762 parts per million (ppm) of zinc, and 1,388 ppm lead.

The highest individual section within this interval assayed 1.0 metre for 187 g/t silver and 1.87% of lead plus zinc.
Meanwhile, at the Molinos Zone, hole ESP-12-03 was lost prior to target depth because it intersected an old mine working, but the holes was then re-drilled, showing 17.8 g/t silver, 195 ppm of zinc, and 1,375 ppm of lead over 4 metres, said the companies.

In drill hole ESP-12-04 at Molinos, the shale interval intersected returned anomalous silver, lead and zinc, the parties said, while the porphyry was anomalous in copper and molybdenum.

The hole returned an 8.5 metres interval grading 12.4 g/t silver, 730 ppm zinc, 582 ppm lead, and 420 ppm copper, including 1 metre of 38 g/t silver, 1,580 ppm zinc, 960 ppm lead, 670 ppm copper and 210 ppm of molybdenum.

The third hole, ESP-12-05, was lost before reaching the target depth. The companies said no significant values were intercepted.

The Molinos Zone is located roughly 2.0 kilometres southeast of the Road Show Zone.

A soil survey completed over Molinos outlined a broad zone of highly anomalous gold, silver, lead, zinc mineralization, Pinecrest and Kootenay said. The type of mineralization is suggestive of a continuum of mineralization between the Road Show into the Molinos Zone, they added.

The two companies are reviewing all technical data from the Espiritu project to recommend the next stage of work to advance the project.

The Espiritu project covers an extensive area of mineralization, including a copper-gold porphyry zone where previous drilling intersected up to 232 metres grading 0.14% copper and 0.14 g/t gold.

Silver-gold-lead-zinc veins have also been documented on the property, with grab samples returning up to 1,000 g/t silver.

The project is located along a northwest structural trend that hosts Agnico Eagle's (TSE:AEM) (NYSE:AEM) La India and Tarachi gold deposits, and Alamos Gold's (TSE:AGI) Mulatos gold deposit.

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Fri, 15 Jun 2012 11:22:00 -0400 https://www.proactiveinvestors.com/companies/news/87076/kootenay-silver-pinecrest-unveil-11-metres-at-26-gt-silver-in-phase-1-drilling-at-espiritu-30580.html
<![CDATA[News - Kootenay Silver says updated resource expected by the end of June ]]> https://www.proactiveinvestors.com/companies/news/86294/kootenay-silver-says-updated-resource-expected-by-the-end-of-june-29266.html Kootenay Silver (CVE:KTN.V) Thursday gave an update on ongoing development activities at its flagship Promontorio silver project in Sonora, Mexico.

SRK Consulting has been hired to calculate an independent NI 43-101 compliant mineral resource for Promontorio. The compilation of drill results and geologic modelling for the updated resource calculation is well underway, the company said, with completion expected by the end of June 2012.

The updated resource follows the recent completion of what the company called a "highly successful", two staged drill program on the Promontorio project that included 25,000 metres of diamond drilling and 10,000 metres of reverse circulation drilling.

A total of 35,000 metres of drilling has been conducted since the first resource calculation was reported in 2010.

The objective of the recent in-fill drill and resource definition program was to substantially increase the size of Promontorio's current contained silver resource.

G&T Metallurgical Services has also been contracted to conduct additional metallurgical work on Promontorio's mineralization and is working on three additional bulk samples, with final results expected in the next few weeks.

One sample is from the Southwest Zone, one from shallow in the Pit Resource and one from the Northeast Zone.

Additionally, acid base accounting of mineralized and wall rock is being conducted along with a gold deportment study to find out if the significant gold content of the deposit, which is not yet factored into any of the company's resource calculations, can be extracted economically.

The first metallurgical testing reported in 2009 was positive, the company said, showing 82 percent of the silver reporting to the lead concentrate and a further 7 percent to the zinc concentrate, with 85 percent of the lead recovered to the lead concentrate and 91 percent of the zinc to the zinc concentrate.

With regards to ongoing baseline and scoping studies, Hatch Engineering completed initial hydrologic studies designed to characterize the ground water resources on the project and develop a conceptual hydrogeologic model.

This information will form the basis for additional studies going forward for prefeasibility level evaluation of mine water supply, Kootenay said, including potential dewatering flow rates needed for potential open-pit and underground mining, and mine water supplies.

Saguaro Geosciences also designed a detailed geotechnical logging program, which will collect all the necessary data appropriate to future geotechnical analysis required for feasibility level work.

In other activities, preliminary environmental baseline studies, conducted by independent consulting engineer Patricia Aguayo Hurtado, cataloguing the flora and fauna of the area are now complete.

Kootenay Silver said that the recent confirmation by Kootenay's technical team that Promontorio silver mineralization is hosted in a large diatreme complex has "significant geologic implication", as these types of systems can typically be very large in size and result in the discovery of several deposits.

Examples in Mexico include the Pitarrilla silver-lead-zinc deposits in Durango and the Peñasquito silver-gold-lead-zinc mine in the northeast of the state of Zacatecas in north-central Mexico.

At present, silver mineralization remains open in both strike directions and down dip within Promontorio's Diatreme complex, between the Pit, Southwest Extension and Northeast Zones, the company said.

Kootenay has also identified a host of new prospective targets within the Diatreme complex that require further drill testing.
Accordingly, the company said plans are underway to conduct a large follow up drill program after the release of the NI 43-101 resource update.

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.

In late April, the company released results from its recently completed drilling program at Promontorio, including 18 metres of 254 grams per tonne (g/t) silver equivalent, within 89 metres of 84 g/t silver equivalent in hole DH-116-12 in the Northeast Zone.

Currently, Promontorio itself hosts an NI 43-101-compliant resource containing 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver, 99.3 million indicated pounds of lead plus 13.4 million inferred pounds of lead, and 110.8 million indicated pounds of zinc plus 14.3 million inferred pounds of zinc.

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Thu, 17 May 2012 12:02:00 -0400 https://www.proactiveinvestors.com/companies/news/86294/kootenay-silver-says-updated-resource-expected-by-the-end-of-june-29266.html
<![CDATA[News - Kootenay Silver intersects 18 metres of 254 g/t silver equivalent at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/85651/kootenay-silver-intersects-18-metres-of-254-gt-silver-equivalent-at-promontorio-28201.html Kootenay Silver (CVE:KTN) unveiled Wednesday additional drill hole results from its current program at the company's Promontorio silver project in Sonora, Mexico.

The results today from 10 holes are from the 25,000 metre core drilling program at the project, which forms part of the 35,000 metre infill and resource definition campaign.

The remaining 10,000 metres were dedicated to reverse circulation drilling, with both parts of the program now complete.

Highlights of the latest core drilling results include 18 metres of 254 grams per tonne (g/t) silver equivalent, within 89 metres of 84 g/t silver equivalent in hole DH-116-12 in the Northeast Zone, the eastern most intercept to date.

Other notable results included hole DH-115-12 in the Northeast Pit Extension, which returned 3 metres of 112 g/t silver equivalent within 12 metres of 43 g/t silver equivalent. The company said this hole shows the potential opening of mineralization to the north.

Kootenay said that work for an updated NI 43-101 resource is underway, which will incorporate the results from the recent drilling.

"The high-grade results achieved from step-out drilling in the Northeast Zone is further testimony to the success of our multi-phase drill program," said CEO James McDonald.

"Since confirming our initial NI 43-101 silver resource in 2010, we established one continuous zone of silver mineralization from the Pit (Discovery) Zone through the Southwest Zone. This zone remains open to the east, west and to depth.

"We continue to encounter high-grade silver intercepts over widespread areas of silver mineralization in the Northeast Zone, some 700 meters outside of the current NI 43-101 resource.

"We expect these developments will play a critical factor in sharply boosting the size of our existing silver resource as we prepare for our updated independent NI 43-101 resource study."

The Promontorio silver mineralization is hosted in a large diatreme complex, which has significant geologic implication, the company said, as these types of systems can typically be "very large in size and result in discovery of numerous deposits".

Examples in Mexico include the Pitarrilla silver-lead-zinc deposits in Durango, and the Peñasquito silver-gold-lead-zinc mine in the northeast of the State of Zacatecas in north-central Mexico.

Silver mineralization at Kootenay's project remains open in both strike directions and down dip, between the Pit, Southwest Extension and Northeast zones, the company said.

Kootenay also said Wednesday it has identified a host of new prospective targets within the Diatreme complex, that require further drill testing, with a large follow-up drill program planned for after the release of the resource update.

Kootenay Silver is developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada.

Currently, Promontorio itself hosts an NI 43-101-compliant resource containing 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver, 99.3 million indicated pounds of lead plus 13.4 million inferred pounds of lead, and 110.8 million indicated pounds of zinc plus 14.3 million inferred pounds of zinc.

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Wed, 25 Apr 2012 12:39:00 -0400 https://www.proactiveinvestors.com/companies/news/85651/kootenay-silver-intersects-18-metres-of-254-gt-silver-equivalent-at-promontorio-28201.html
<![CDATA[News - Kootenay Silver says Pinecrest starts phase 1 drill program at Espiritu in Mexico ]]> https://www.proactiveinvestors.com/companies/news/85450/kootenay-silver-says-pinecrest-starts-phase-1-drill-program-at-espiritu-in-mexico-27888.html Kootenay Silver (CVE:KTN) said Wednesday that Pinecrest Resources (CVE:PCR) has started a phase I drilling program on Kootenay's Espiritu gold-silver polymetallic project in Sonora, Mexico under a joint venture deal.

The drill program will comprise of 500 metres of core drilling to test two silver/gold polymetallic mineralized zones outlined during the first phase of exploration prospecting, mapping and soil sampling. 

Operator Pinecrest can earn a 50 percent interest in the Espiritu project by spending $1.0 million on exploration over a four year period and by issuing up to 750,000 common shares to Kootenay over three years. 

Kootenay said two drill holes will be completed on the Road Show zone to test a 500 by 500 metre target, characterized by the presence of silver, gold, lead, zinc and copper mineralization.

From 54 prospector samples collected during phase I exploration, silver values were as high as  1,230 grams per tonne (g/t), and gold values went as high as 4.5 g/t, associated with "highly anomalous" lead, zinc, mercury and manganese, the company said.

This style of mineralization is similar to many limestone-hosted replacement deposits of the Mesa Central district of Mexico that include the Naica and Santa Eulalia silver mines. 

Two holes will also test the gold/silver veins and stockwork mineralization in the Molinos zone, which is located around two kilometres southeast of the Road Show zone.  

From 31 prospector samples collected during the phase I exploration, silver values were as high as 1,380 g/t, with 0.97 g/t gold.  The company said mineralization is associated with "highly anomalous" copper, lead, zinc and antimony with elevated molybdenum, tungsten and mercury. 

A 500 by 1000 metre soil survey completed over the Molinos zone outlined a broad zone of gold, silver, lead, zinc mineralization, with gold values of 406 parts per billion (ppb), and silver values of 72 g/t noted in soils.

Kootenay said the Molinos zone is thought to represent the deeper zones of mineralization associated with carbonate-hosted replacement (CRD) deposits. 

This level of mineralization suggests a continuum of mineralization between the Road Show into the Molinos zone, the miner added.

In addition to the reconnaissance drill program, trenching will be completed in other areas of mineralization aside from the Road Show and Molinos targets. 

Trenching on the Old Mines/Pediment zone, located roughly two to three kilometres north of  Road Show, will investigate areas of limestone breccia mineralization where prospecting has obtained silver values of 1,160 g/t and of 2.0 g/t gold.

Kootenay Silver is 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.

Promontorio itself hosts an NI 43-101-compliant resource containing 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver, 99.3 million indicated pounds of lead plus 13.4 million inferred pounds of lead, and 110.8 million indicated pounds of zinc plus 14.3 million inferred pounds of zinc.

Since the 2010 resource estimate, Kootenay said in February it has drilled 31,000 metres and has another 4,000 metres left to drill before publishing an updated estimate within the next few months.

Notable results from the latest 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 gpt silver equivalent.

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Wed, 18 Apr 2012 10:12:00 -0400 https://www.proactiveinvestors.com/companies/news/85450/kootenay-silver-says-pinecrest-starts-phase-1-drill-program-at-espiritu-in-mexico-27888.html
<![CDATA[News - Kootenay Silver firmly focused on Promontorio project, updated resource expected ]]> https://www.proactiveinvestors.com/companies/news/84016/kootenay-silver-firmly-focused-on-promontorio-project-updated-resource-expected-25449.html Vancouver-based junior explorer Kootenay Silver (CVE:KTN) is firmly pinning its hopes on the Promontorio silver project in Mexico.

Kootenay Silver’s flagship property is the former-producing Promontorio silver mine in Sonora State, Mexico. The company is also actively developing other mineral projects in Mexico and British Columbia, Canada.

But the company's focus on Promontorio was a driver in the recent change of its name from Kootenay Gold.

Speaking to Proactive Investors, Kootenay Silver’s chairman, Ken Berry, said: "Our focus is on the Promontorio property and building that silver resource. We feel that we're at a real stage in development where that resource is a significant asset.

"Our core asset has grown to such a stature it warranted a name change."

Promontorio itself hosts an NI 43-101-compliant resource containing 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver, 99.3 million indicated pounds of lead plus 13.4 million inferred pounds of lead, and 110.8 million indicated pounds of zinc plus 14.3
million inferred pounds of zinc.

The indicated resources are contained within 5.22 million tonnes of 52.7 grams per tonne (gpt) silver, 0.86% lead and 0.96% zinc, and the inferred resources are contained within 0.65 million tonnes grading 55.7 gpt silver, 0.94% lead and 1.0% zinc.

Since the 2010 resource estimate, Berry said that Kootenay has drilled 31,000 metres and has another 4,000 metres left to drill before publishing an updated estimate within the next few months.

Indeed, a steady stream of positive news has been flowing from Promontorio.

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 latest 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 gpt silver equivalent.

Hole KP-25-08 hit 7.85 metres of 773.6 gpt silver equivalent, while DH-110-11 intersected 7.0 metres grading 678.6 gpt silver equivalent, including 4.5 metres at 1,145.5 gpt silver equivalent.

The company has also reported wide interval results, including hole DH-052-11, which hit 146.0 gpt silver equivalent over 234.0 metres, including 236.3 gpt silver equivalent over 70.0 metres.

These encouraging results suggest the possible existence of a large porphyry system similar to major producing deposits within the region, the company said.

Of its numerous joint venture programs, Berry highlighted three drill programs that he reckons will provide shareholders with potential discoveries.

Berry said that joint venture partner Pinecrest Resources (CVE:PCR) will likely be drilling the Epiritu polymetallic vein/breccia project in Sonora, Mexico, and Copper Creek Gold (CVE:CPV) is drilling the Santa Lucia project, part of the Sierra Madre Occidental gold-silver belt.

Kootenay is also awaiting results from the Copley property in the Nechako Plateau of north central B.C.

Berry said that Kootenay was "well-funded" for the current drilling program and for the NI 43-101 resource update, recently receiving funds from an accelerated warrant exercise program that was "well-received".

Looking ahead, as the global macroeconomic climate improves, Berry believes that companies with an advanced and growing resource - such as Kootenay Silver - will be the focus of the capital markets in the coming years.

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Mon, 27 Feb 2012 08:30:00 -0500 https://www.proactiveinvestors.com/companies/news/84016/kootenay-silver-firmly-focused-on-promontorio-project-updated-resource-expected-25449.html
<![CDATA[News - Kootenay to change name to "Kootenay Silver" in light of strong silver results at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/83440/kootenay-to-change-name-to-kootenay-silver-in-light-of-strong-silver-results-at-promontorio-24522.html 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.

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Mon, 06 Feb 2012 08:40:00 -0500 https://www.proactiveinvestors.com/companies/news/83440/kootenay-to-change-name-to-kootenay-silver-in-light-of-strong-silver-results-at-promontorio-24522.html
<![CDATA[News - Kootenay drills 873 g/t silver equivalent over 18 metres at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/83341/kootenay-drills-873-gt-silver-equivalent-over-18-metres-at-promontorio-24349.html Kootenay Gold (CVE:KTN) said Wednesday it intersected 873 grams per tonne (g/t) silver equivalent over 18 metres at its flagship Promontorio silver project in Sonora, Mexico.

Significant results include drill hole DH-110-11 on the Northeast Zone, which intersected 18 metres grading 471 g/t silver, 3.74 percent lead, and 5.68 percent zinc (873 g/t silver equivalent), within a wider mineralization of 71 metres grading 149 g/t silver, 1.41 percent lead, and 2.05 percent zinc (297 g/t silver equivalent).

This wider mineralization also included 4.5 metres grading 646 g/t silver, 5.29 percent lead, and 6.37 percent zinc (1,146 g/t silver equivalent), and included four metres at 667 g/t silver, 3.67 percent lead, and 5.54 percent zinc (1,060 g/t silver equivalent).

Kootenay CEO James McDonald said: "We continue to encounter multiple high-grade silver intercepts in the Northeast Zone and the Southwest Zone which once again underscores the strength and large upside potential of Promontorio's diatreme breccia hosted mineral system.

"We could not be more enthused and optimistic with results from the current multi-phase program.

"Approximately 4,000 meters of drilling remain to be completed in the 25,000 meter drill program, following which time geologic modeling and a NI 43-101 resource update will be completed."

The results are from the company's ongoing 25,000-metre multi-phase, step-out drill and resource definition program on the property. The program, which includes multiple diamond drill rigs, continues to yield high-grade results, while demonstrating the continuity of silver mineralization across the property’s one-kilometre central corridor.

The strike continuity of silver mineralization in the southwest zone connecting to the NI 43-101 pit resource has now been extended from 140 metres to 300 metres.

In the northeast zone, which sits 700 metres outside of the current NI 43-101 pit resource, mineralization along strike is now 210 metres.

Other notable results from the six holes reported today include hole DH-105-11, drilled to extend the Southwest Zone, which intersected 17 metres grading 118 g/t silver, 0.39 percent lead, and 0.37 percent zinc (150 g/t silver equivalent), including four metres grading 310 g/t silver, 0.97 percent lead, and 0.94 percent zinc (392 g/t silver equivalent).

Also drilled on the Southwest zone, hole DH-106-11 returned 535 g/t silver, 2.22 percent lead, and 1.07 percent zinc (678 g/t silver equivalent.

Meanwhile, hole DH-109-11, which was drilled to extend the Northeast pit, intersected 84 metres grading 26 g/t silver, 0.42 percent lead, and 0.4 percent zinc (61 g/t silver equivalent), including 68 g/t silver, 1.04 percent lead, and 0.81 percent zinc (148 g/t silver equivalent) over ten metres.

Kootenay said the current drill program represents the largest and most expansive drill program it has conducted on the property to date.

Upcoming drilling will continue to focus on step-out and in-fill drilling, off setting the silver intercepts concentrated
along a one-kilometre corridor on the property, which includes the Pit Resource, the Pit NE Zone, the Northeast Zone, and the Southwest Zone.

Kootenay Gold is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada.

On the TSX-Venture, Kootenay shares rose 5.51 percent to $1.34, as of 11:49 am EDT.

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Wed, 01 Feb 2012 12:24:00 -0500 https://www.proactiveinvestors.com/companies/news/83341/kootenay-drills-873-gt-silver-equivalent-over-18-metres-at-promontorio-24349.html
<![CDATA[News - Kootenay encounters 706 g/t silver equivalent over 16 metres at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/82869/kootenay-encounters-706-gt-silver-equivalent-over-16-metres-at-promontorio-23592.html Kootenay Gold (CVE:KTN) Tuesday unveiled assay results from an additional 20 drill holes from its resource definition program on its flagship Promontorio silver project in Sonora, Mexico.

The 25,000 metre, multi-phase, step out drill program is currently ongoing. The company said the multi-rig diamond drilling program continues to yield exceptional results, extending from the pit discovery zone across the central 1 kilometre mineralized corridor.

The strike continuity of silver mineralization in the southwest zone connecting to the NI 43-101 pit resource has now been extended from 140 metres to 300 metres.

In the northeast zone, which sits 700 metres outside of the current NI 43-101 pit resource, mineralization along strike is now 210 metres.

Kootenay CEO James McDonald said: "We continue to consistently hit multiple intercepts of high-grade silver mineralization confirming and extending continuity of the pit resource and southwest zone.

"In the Northeast Zone we also continue to hit multiple high-grade silver zones as demonstrated by the 706 grams per tonne (g/t) silver equivalent in hole 88. These are exciting developments for the future prospects of Promontorio as we move toward an updated NI 43-101 resource estimate."

Among the highlights from the northeast zone, hole DH 88 over 16 metres encountered 706 g/t silver equivalent.

DH 87 returned 104 g/t silver equivalent over 22 metres, including 5 metres of 208 g/t silver equivalent, with three other composited intervals including 32 metres of 70 g/t silver equivalent, 3 metres of 175 g/t silver equivalent and 3 metres of 205 g/t silver equivalent.

At DH 94, the company encountered 74 g/t silver equivalent over 15 metres including 6 metres of 110 g/t silver equivalent.

Highlights from the southwest zone included DH 82, encountering 115 g/t silver equivalent over 109 metres including 15 metres of 189 g/t silver equivalent.

DH 81 returned 120 g/t silver equivalent over 35 metres of silver equivalent while in the pit northeast zone, DH 97 found 107 g/t silver equivalent over 104 metres.

Kootenay Gold is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada.

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Tue, 17 Jan 2012 14:25:00 -0500 https://www.proactiveinvestors.com/companies/news/82869/kootenay-encounters-706-gt-silver-equivalent-over-16-metres-at-promontorio-23592.html
<![CDATA[News - Kootenay Gold bolsters board with new appointment ]]> https://www.proactiveinvestors.com/companies/news/82142/kootenay-gold-bolsters-board-with-new-appointment-22410.html Kootenay Gold (CVE:KTN) has appointed mining executive Jon Morda to its board of directors, the company announced Monday. 

Morda has experience in all areas of strategic corporate planning, operations, budgeting, accounting as well as taxation functions.

Morda, who holds a Bachelor of Arts degree from the University of Toronto, began his career within the mining sector in 1986 as supervisor for Dome Mines.

From 2004 to 2011, Morda served as CFO of Toronto-based Alamos Gold  (TSE:AGI), in charge of financing, construction and subsequent growth from exploration to production of the Mulatos mine in Mexico. During his tenor with Alamos Gold, Morda was instrumental in helping transition that company from an early-stage developer to an intermediate gold producer.

Over the course of his 20 year plus career, he has also served as chief financial officer for HMZ Metals and at Minefinders (TSE:MFL), and as manager of Lac Minerals, among other positions. 

Kootenay’s chief executive, James McDonald, said: “Morda is a high-calibre mining executive that brings a unique skill-set to our board, as we continue to advance and develop our Promontorio Silver Project in Sonora, Mexico.”

Kootenay Gold is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico.

The Promontorio silver mine currently hosts an NI 43-101 compliant resource that contains 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver.

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Mon, 12 Dec 2011 16:25:00 -0500 https://www.proactiveinvestors.com/companies/news/82142/kootenay-gold-bolsters-board-with-new-appointment-22410.html
<![CDATA[News - Kootenay unveils further "excellent grades" from Promontorio ]]> https://www.proactiveinvestors.com/companies/news/81986/kootenay-unveils-further-excellent-grades-from-promontorio-22131.html Kootenay Gold (CVE:KTN) Tuesday announced assay results from an additional five drill holes from its ongoing 25,000 metre multi-phase in-fill drill and resource definition program at its flagship Promontorio silver project in Mexico.

Shares were up 2.68 percent to $1.15 Tuesday afternoon.

All five drill holes encountered consistent, widespread silver mineralization and multiple high-grade silver intercepts in Promontorio's southwest extension zone and northeast zone, which sits 700 metres outside of the current 43-101 pit resource, the company said.

Kootenay's chief executive officer, James McDonald, said: "We are very pleased and excited with results from the current five holes of our 25,000 meter drill program.

The current 25,000 meter in-fill drilling and resource definition program represents the single largest and most expansive drilling campaigns conducted by Kootenay on the Promontorio silver project to date.

Kootenay said the upcoming drilling will continue to focus on step out and in-fill drilling off setting the numerous silver intercepts concentrated along a 1.0 kilometre long mineralized corridor.

The company said that DH 79 returned 120 metres grading 164 grams per tonne (g/t) silver equivalent with three high grade intervals of 31 metres of 292 g/t silver equivalent, including 13 metres of 362 g/t silver equivalent and 30 metres of 212 g/t silver equivialent.

"Hole DH 79 underlines the high-grade silver potential that exists within the system," McDonald said.

"The high-grade results that we continue to achieve across Promontorio's 1.0 kilometer long mineralized corridor will play a major factor in building and adding to the overall volume of contained silver ounces in the resource as we move toward a future updated 43-101 resource estimate."

DH 77 returned two intervals, first 97 metres of 76 g/t silver equivalent including 13 metres of 155 g/t silver equivalent and second, 47 metres of 81 g/t silver equivalent, including 7 metres of 161 g/t silver equivalent.

Drill holes DH 79 and 77 are from the southwest and northeast extension areas, respectively.

DH 75 itself returned three intervals including 233 g/t silver equivalent over 9 metres; 55 g/t silver equivalent over 10 metres and 50 g/t silver equivalent over 42 metres that includes 140 g/t silver equivalent over 4 metres.

DH 85 intersected 107 g/t silver equivalent over 24 metres including 5 metres of 221 g/t silver equivalent and 7 metres of 149 silver equivalent. DH 86 returned 2 metres of 79 g/t silver equivalent and 1 metre of 1,520 g/t silver equivalent.

Drill holes DH 75, 85 and 86 are from the northeast zone.

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.

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Tue, 06 Dec 2011 13:21:00 -0500 https://www.proactiveinvestors.com/companies/news/81986/kootenay-unveils-further-excellent-grades-from-promontorio-22131.html
<![CDATA[News - Kootenay Gold hits 166 g/t silver equivalent over 83 metres at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/81298/kootenay-gold-hits-166-gt-silver-equivalent-over-83-metres-at-promontorio-20814.html Kootenay Gold (CVE:KTN) Wednesday unveiled the latest assay results from its ongoing 25,000 metre, multi-phase drilling and resource definition program at its flagship Promontorio silver project in Sonora, Mexico.

Of the notable highlights from the drilling program, drill hole 80 encountered 166 grams per tonne (g/t) silver equivalent (58.2 g/t silver, 2.52 percent lead and zinc) over 83 metres including 329 g/t silver equivalent over 6 metres (111 g/t silver, 5.11 percent lead and zinc) in step out drilling, extending mineralization 100 metres down dip and along strike in the project's southwest zone.

Investors welcomed the news, sending Kootenay stock up 1.79 percent to $1.14 Wednesday afternoon.

The company said that results to date demonstrate drilling has established continuity of silver mineralization between the southwest expansion zone and the pit resource, extending a further 100 metres westward beyond current resource boundaries down dip and along strike.

These two areas now represent one continuous mineralized zone for a minimum strike length of 240 metres, remaining open on strike and at depth, Kootenay Gold said.

Kootenay president and CEO James McDonald commented: "Results from the 25,000 meter program continue to meet or exceed our expectations. The establishment of continuity of silver mineralization between the southwest zone and the pit resource is a milestone development for Promontorio and will undoubtedly play a critical factor in our future resource expansion.

"Further supporting our resource growth initiatives, we continue to hit high silver grades in wide zones of hydrothermal breccia in the emerging Northeast Zone, which sits a full 700 meters outside of and on strike to the current 43-101 resource."

The company said three diamond drill rigs are currently operating on Promontorio with two stepping out in a systematic manner outside of the pit resource to the southwest and northeast. The third rig is working on stepping out from PC 28 in the northeast zone.

Kootenay Gold said upcoming drilling will continue to focus on step out and in-fill drilling off setting the numerous medium to high grade silver intercepts concentrated along a 1.0 kilometer long mineralized corridor that includes the pit resource, pit NE zone, northeast zone and southwest zone.

Promontorio currently hosts an NI 43-101-compliant resource containing 8.9 million indicated ounces of silver plus 1.17 million ounces of inferred silver, 99.3 million indicated pounds of lead plus 13.4 million inferred pounds of lead and 110.8 million indicated pounds of zinc plus 14.3 million inferred pounds of zinc.

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Wed, 09 Nov 2011 14:44:00 -0500 https://www.proactiveinvestors.com/companies/news/81298/kootenay-gold-hits-166-gt-silver-equivalent-over-83-metres-at-promontorio-20814.html
<![CDATA[News - Kootenay intercepts 214.2 g/t silver over 47 metres at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/80271/kootenay-intercepts-2142-gt-silver-over-47-metres-at-promontorio-19167.html Kootenay Gold (CVE:KTN) Monday announced assay results from its ongoing 25,000 metre, multi-phase drilling program at its Promontorio Silver project in Sonora, Mexico, extending mineralization outside of the current pit.

Among the notable highlights from the program, at DH70, Kootenay intercepted 214.2 grams per tonne (g/t) silver equivalent (84.47% silver, 3.04% lead and zinc) over 47 metres and 54 metres of 197 g/t silver equivalent (91.98% silver, 2.47% lead and zinc) in the northeast zone, 700 metres outside the current NI 43-101 compliant resource.

The company said that high grade intervals from the above hole included 492 g/t silver equivalent (202.7 g/t silver, 6.8% lead and zinc) over 16 metres and 480.6 g/t silver equivalent (179.4 g/t silver, 7.0% lead and zinc) over 11 metres.

Kootenay's president and CEO, James McDonald, said: "Step out drilling returned multiple intercepts of high-grade silver mineralization in the Northeast Zone, which sits 700 metres outside of and on strike to the company's established 43-101 pit resource.

"Equally critical to the current resource expansion program, hole DH 68 drilled in the Southwest expansion zone of the pit resource, returned widespread zones of medium to high-grade silver, showing excellent continuity of silver mineralization with the Pit Resource on strike and to depth, extending more than 50 metres outside the pit resource."

The current 25,000 metre in-fill drilling and resource definition program represents the single largest and most expansive drilling campaign conducted by Kootenay on the Promontorio Silver project to date.

At DH 68 in the southwest zone, two composited intervals within 225 metres of mineralization were intercepted. Highlights included 149 metres of 145.7 g/t silver equivalent (59.93 g/t silver, 2.0% lead and zinc) and 50 metres of 111 g/t silver equivalent (44.39 g/t silver, 1.55% lead and zinc).

Also in the southwest zone, the company encountered six different mineralized composites within 225 meters of mineralization. Highlights from the hole included encounters of 108.1 g/t silver equivalent (50 g/t silver, 1.35% lead and zinc) over 19 metres and 64.87 g/t silver equivalent (27.5 g/t silver, 0.87% lead and zinc) over 20 metres, as well as  56.2 g/t silver equivalent (22.46 g/t silver, 0.79% lead and zinc) over 45 metres.

Kootenay said three diamond drill rigs are currently operating on Promontorio, with two stepping out in a systematic manner outside of the pit resource to the southwest and northeast.

The third rig is working on stepping out from PC 28 in the northeast zone, which measures 300 metres in strike length.

Upcoming drilling will continue to concentrate on step out and in-fill drilling, off-setting the numerous medium to high grade silver intercepts concentrated along a 1.0 kilometer long mineralized corridor that includes the pit resource, the pit NE zone, northeast zone and southwest zone.

Shares were up 2.8% at $1.10 in early afternoon trading.

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Mon, 03 Oct 2011 13:43:00 -0400 https://www.proactiveinvestors.com/companies/news/80271/kootenay-intercepts-2142-gt-silver-over-47-metres-at-promontorio-19167.html
<![CDATA[News - Kootenay kicks of additional round of studies to speed up development of Promontorio Silver Project ]]> https://www.proactiveinvestors.com/companies/news/80194/kootenay-kicks-of-additional-round-of-studies-to-speed-up-development-of-promontorio-silver-project-19056.html

Shares in junior exploration outfit Kootenay Gold (CVE:KTN) moved 5% higher this morning after the company announced that it had contracted Hatch Engineering, Sanguaro Geosciences and G&T Metallurgical Services to undertake a number of studies on the company’s flagship Promontorio Silver Project in Sonora, Mexico.  The Vancouver based company has also brought in independent consulting engineer Patricia Aguayo Hurtado.

Hatch Engineering will conduct initial hydrologic studies, which will form the basis of additional studies assessing

mine water supply for potential open pit and underground mining. Saguaro Geosciences will design a geotechnical logging program “that goes beyond the basic specific gravity and RQD data currently being recorded.”

Meanwhile, G&T Metallurgical Services, will conduct additional metallurgical work on Promontorio mineralization. The company was keen to note that this work will include a gold deportment study to consider if gold content in the deposit can be extracted economically.

Independent Consulting Engineer Patricia Aguayo Hurtado has been contracted to conduct an environmental baseline study.

“An extensive drilling and analysis program is underway to quantify and confirm the scope and size of our silver deposit. Based on the continued success of our current 25,000 meter drill program, combined with results from our previous phases of drilling, we are sufficiently encouraged with results to begin taking the requisite steps to pursue our ultimate goal, which is to advance the Promontorio Silver Project to commercial production,” stated CEO James McDonald.

Under the direction of James McDonald, Kootenay has completed over 35,000 meters of multi-phase drilling on Promontorio, moving the project to its current advanced stage of development. McDonald has been a key driver in the success of the Promontorio project, and brings a strong track record of helping companies, such as Alamos Gold, move from exploration to production.

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Thu, 29 Sep 2011 11:18:00 -0400 https://www.proactiveinvestors.com/companies/news/80194/kootenay-kicks-of-additional-round-of-studies-to-speed-up-development-of-promontorio-silver-project-19056.html
<![CDATA[News - Kootenay Gold extends Southwest Zone at Promontorio by 100 metres ]]> https://www.proactiveinvestors.com/companies/news/79867/kootenay-gold-extends-southwest-zone-at-promontorio-by-100-metres-18441.html Kootenay Gold (CVE:KTN) announced Thursday the results of an additional six diamond drill holes from an ongoing 25,000-metre drill program at its Promontorio silver project in Sonora State, Mexico, extending mineralization down dip and along strike.

Three drill rigs are active on the property, with two performing step-out work to the southwest and northeast of the pit resource. The third rig is conducting step-out drilling in the Northeast Zone.

Assays from hole DH-062-11, located in the Southwest and Pit Zone area, showed significant potential for new resources at depth, the company said, and extended mineralization 100 metres further down dip from previously released hole DH-061-11, which returned 96 grams per tonne (g/t) silver equivalent over 182 metres.

Notable results from DH-062-11 found 92 metres grading 56 g/t silver, 1.03% lead, and 1.08% zinc, including five metres at 174 g/t silver, 3.03% lead, and 1.69% zinc.

Drill hole DH-067-11, also in the Southwest and Pit Zone area, returned 41 metres at 58 g/t silver, 0.89% lead, and 1.52% zinc, including 14 metres at 123 g/t silver, 1.88% lead, and 3.26% zinc. This hole also returned 45 metres grading 28 g/t silver, 0.41% lead, and 0.46% zinc, including five metres at 66 g/t silver, 1.03% lead, and 1.28% zinc, effectively extending the Pit mineralization between 75 and 100 metres further along strike into the Southwest zone.

Also in this area, hole DH-057-11 returned five metres at 486 g/t silver, 2.5% lead, and 1.98% zinc, including 31 metres at 44 g/t silver, 0.69% lead, and 1.05% zinc; and hole DH-064-11, which hit shallow mineralization, returned 39 metres grading 51 g/t silver, 0.7% lead, and 0.87% zinc, including 80 g/t silver, 1.02% lead, and 1.32% zinc over 19 metres.

President and CEO, James McDonald, commented: "We continue to hit excellent intervals and grades of silver mineralization at depth in the Pit Resource, to the southwest and to the northeast.

"Moreover, assays show excellent continuity of silver mineralization between the Pit Resource and the Southwest Zone, further supporting the company's resource expansion model that the SW Zone and Pit Resource form one large and continuous zone."

At the Northeast Zone, highlights included hole DH-065-11, which hit five separate intercepts, including 20 metres at 47 g/t silver, 0.34% lead, and 0.83% zinc, and 10 metres grading 69 g/t silver, 0.39% lead, and 0.84% zinc. Eight metres of 109 g/t silver, 1.25% lead, and 1.82% zinc was also intersected.

Drill hole DH-069-11, also in the Northeast, returned 33 g/t silver, 0.11% lead, and 0.18% zinc over 23 metres, 157 g/t silver, 1.57% lead, and 1.25% zinc over one metre, and seven metres grading 49 g/t silver, 0.99% lead, and 0.85% zinc.

"The first follow up holes to PC 28, Northeast of the Pit Resource, intercepted multiple zones of silver mineralization including medium to high-grades in the Northeast Zone . . . which is double the strike length of Promontorio's established NI 43-101 Pit Resource," McDonald concluded.

Kootenay said future drilling at Promontorio will continue on step-out and in-fill drilling, concentrated along a one-kilometre long corridor, which includes the Pit Resource, the Pit NE zone, the Northeast zone and the Southwest zone.

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Thu, 15 Sep 2011 15:59:00 -0400 https://www.proactiveinvestors.com/companies/news/79867/kootenay-gold-extends-southwest-zone-at-promontorio-by-100-metres-18441.html
<![CDATA[News - Kootenay Gold receives encouraging drill results from Promontorio ]]> https://www.proactiveinvestors.com/companies/news/79349/kootenay-gold-receives-encouraging-drill-results-from-promontorio-17558.html Kootenay Gold (CVE:KTN) announced Wednesday results from the first seven holes of its 25,000-metre drill program at its Promontorio silver property in Sonora, Mexico, confirming the continuity between two major zones of mineralization.

The drill program is designed to test the Pit resource, the Southwest zone and the continuity between these two zones.

Hole DH 61, which intersected 96 g/t silver equivalent over 182 metres, including 290 g/t silver equivalent over 24 metres, was drilled outside of the Pit zone and continued for approximately 50 metres into the Southwest zone, confirming that mineralization exists between the Southwest and Pit areas.

Other notable results from the seven holes reported included 117 grams per tonne (g/t) silver equivalent over 205 metres, including 169 g/t silver equivalent over 50 metres, and 152 g/t silver equivalent over 48 metres, all in hole DH 58 in the Southwest zone.

Also on the Southwest zone, hole DH 60 found 107 metres grading 71 g/t silver equivalent, including 237 g/t silver equivalent over 12 metres.

Meanwhile, holes DH54 and DH 56, both on the Pit zone, returned 80 g/t silver equivalent over 103 metres, including 105 g/t silver equivalent over 68 metres; and 116 g/t silver equivalent over 251 metres, including 186 g/t silver equivalent over 66 metres.

"We are very pleased with results from the first seven holes of our 25,000 meter drill program," said president and CEO, James McDonald.

"Not only is diamond drilling continuing to hit higher grades of silver at depth where previous drilling bottomed out in silver mineralization within the Pit resource itself, equally important to our resource expansion program, we are seeing continuity of silver mineralization developing in the Southwest Zone from step-out drilling that returned impressive intervals and grades of widespread silver mineralization extending to depth."

Currently, three drill rigs are conducting step-out drilling on the Promontorio site. An additional ten drill holes have been completed and samples have been sent for assay. Three other holes are now in progress at the property.

This 25,000-metre drill program is the most expansive drill campaign that Kootenay has ever conducted on the silver project to date.

The company, whose stock on the TSX-Venture Exchange spiked 6.12% as of 10:35 am EDT to trade at $1.04 per share, said it plans to complete an NI 34-101 compliant resource estimate at the program's end.

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Wed, 24 Aug 2011 11:55:00 -0400 https://www.proactiveinvestors.com/companies/news/79349/kootenay-gold-receives-encouraging-drill-results-from-promontorio-17558.html
<![CDATA[News - Kootenay Gold adds third rig for 25,000 metre program at Promontorio ]]> https://www.proactiveinvestors.com/companies/news/78364/kootenay-gold-adds-third-rig-for-25000-metre-program-at-promontorio-15869.html Kootenay Gold (CVE:KTN) announced Wednesday that a third diamond drill has become active on its Promontorio silver project in Sonora, Mexico.

The three rigs are drilling a 25,000 metre program - the largest and most expansive drilling campaign the company has performed on the site to date - in order to follow up on its successful 10,000 metre program at the property.

The campaign will focus on step out and in-fill drilling to determine continuity between several medium-to-high grade silver intercepts found along Promontorio's mineralized corridor, which includes the Pit Resource, the Pit NE zone, the Northeast zone and the Southwest zone.

During the prior 10,000 metre drill program, the Pit zone returned 234 metres grading 58 grams per tonne (g/t) silver, including 70 metres of 91.4 g/t silver, in hole DH 53.

Meanwhile, the Southwest area found 36 g/t silver over 114.5 metres in hole PC 12, while the Northeast zone returned 12 metres of 93.4 g/t silver.

Kootenay said it hopes to provide an updated NI 43-101 compliant resource estimate at the conclusion of the current program.

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Wed, 29 Jun 2011 12:28:00 -0400 https://www.proactiveinvestors.com/companies/news/78364/kootenay-gold-adds-third-rig-for-25000-metre-program-at-promontorio-15869.html
<![CDATA[News - Kootenay Gold says two drills now operating at Promontorio, kick starts 25,000 metre program ]]> https://www.proactiveinvestors.com/companies/news/78094/kootenay-gold-says-two-drills-now-operating-at-promontorio-kick-starts-25000-metre-program-15466.html Kootenay Gold (CVE:KTN.V) said Wednesday that two diamond drills are now operating at the company's Promontorio silver project in Sonora, Mexico, with a third rig expected to begin drilling in the next two weeks.

In late May, the company initiated a 25,000 metre infill drill program, the largest to date on the property, to follow up on the last 10,000 metre campaign at Promontorio.

Highlights from the final holes of the 10,000 metre program included 234 metres of 146 g/t of silver equivalent in hole PC 53, including 70 metres of 236.3 g/t silver equivalent and 27 metres of 338.6 g/t of silver equivalent.

The current drill campaign will concentrate on step out and in-fill drilling off-setting the many drill intercepts found along a 1.0 kilometer long mineralized corridor that includes the Pit Resource, the Pit NE zone, the Northeast zone and the Southwest zone.

An updated NI 43-101 compliant resource report is expected to begin once the 25,000 metre drill program is concluded.

Kootenay Gold has mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada.

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Wed, 15 Jun 2011 10:09:00 -0400 https://www.proactiveinvestors.com/companies/news/78094/kootenay-gold-says-two-drills-now-operating-at-promontorio-kick-starts-25000-metre-program-15466.html
<![CDATA[News - Kootenay Gold drills high grade silver at Promontorio, another 25,000 metres scheduled ]]> https://www.proactiveinvestors.com/companies/news/77832/kootenay-gold-drills-high-grade-silver-at-promontorio-another-25000-metres-scheduled-15038.html Vancouver-based Kootenay Gold (CVE:KTN) said it has completed the final holes of its 10,000 metre drill program on the Promontorio silver project in Sonora, Mexico, with results prompting an immediate expansion of the drilling campaign.

Highlights from the final holes of the 10,000 meter program included 234 metres of 146 g/t of silver equivalent in hole PC 53, including 70 metres of 236.3 g/t silver equivalent and 27 metres of 338.6 g/t of silver equivalent.

Other notable results included 10.5 metres of 174.2 g/t silver equivalent in hole PC52; and 90 metres of 92 g/t silver equivalent in hole PC 48.

"Hitting excellent grades of silver mineralization over a broad 234 meter intersection is further testimony to the success of our 10,000 meter drilling program on Promontorio," said president and CEO James McDonald.

"Paramount to its success, we confirmed that high and medium grade silver occurs along the entire 1.0 kilometer long mineralized corridor that hosts the current resource.

"Equally important, broadly spaced holes indicate continuity of silver mineralization over 300 meters of strike in the North East Zone, which is double the strike length of our current 43-101 silver resource.”

Based  on the results, the company said it has entered into a contract to immediately begin another 25,000 nmetres of diamond drilling, at a minimum.

The infill campaign, due to start with two rigs in June, will be the company's single largest and most expansive drill program ever conducted at the property, and will be designed to expand the current resource. A third rig is also expected to come on site.

The company said that more than 55 holes of the new program will be dedicated to step out drilling in zones of widespread silver mineralization identified outside of the current pit resource.

An updated NI 43-101 compliant resource report is expected to begin once the 25,000 metre drill program is concluded.

Shares in the company rose more than 5% to trade at $1.03 as of 3:15pm EST.

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Tue, 31 May 2011 15:35:00 -0400 https://www.proactiveinvestors.com/companies/news/77832/kootenay-gold-drills-high-grade-silver-at-promontorio-another-25000-metres-scheduled-15038.html
<![CDATA[News - Kootenay Gold’s Promontorio Silver Project - a mine in the making? ]]> https://www.proactiveinvestors.com/companies/news/77332/kootenay-golds-promontorio-silver-project-a-mine-in-the-making-14158.html In the world of resource finance, exploration and development, there are three essential ingredients necessary to achieve success: an experienced exploration team with a proven track record, assets that demonstrate near-term potential to develop into major resources, and management with the ability to finance a project to a development decision.

Since first acquiring its flagship Promontorio Silver project in Sonora, Mexico in 2005, Kootenay Gold (“Kootenay”)(CVE:KTN) has been successful in all aspects of its strategic development, advancing the historic producer, while also raising over C$30 million along the way for project development.

Most recently, Kootenay completed a C$6 million non-brokered public financing led by Sprott Asset Management (TSE:SII) – underlining the investment case of this rapidly advancing silver play.

Under the direction of James McDonald, Kootenay has completed over 35,000 meters of multi-phase drilling on Promontorio, moving the project to its current advanced stage of development. McDonald has been a key driver in the success of the Promontorio project, and brings a strong track record of helping companies, such as Alamos Gold, move from exploration to production.

The investment community started to take note of Kootenay’s success late last year, when the company’s stock began a sharp ascent after it released an NI-43-101 compliant resource estimate for Promontorio and confirmed a new 10,000 meter drill program was underway.

Shares in Kootenay have since more than doubled to over $1.00.

It is not entirely surprising that Promontorio is located in Mexico- after all, the country ranks as the world’s largest silver producer. The mine itself was a former-producing mine, partially worked prior to the 1920s, again in the mid-1970s, 1980s, and from 1997 to 1998. Kootenay secured the right to a 100% registered and beneficial interest in the Promontorio project, which consists of contiguous claims covering a total area of approximately 79,000 hectares.

The initial excitement from the NI-43-101 resource report was not unwarranted. The independent calculations estimated core Pit Zone resources contained 5.22 million tonnes averaging 52.7 g/t silver, 0.86% lead and 0.96% zinc, containing 8.9 million oz silver, 99.3 million pounds of lead and 110.8 million pounds of zinc, as well as 0.65 million tonnes averaging 55.7 g/t silver, 0.94% lead and 1.00% zinc. The report estimated an inferred 1.17 million oz silver, 13.4 million pounds of lead and 14.3 million pounds of zinc.

Using a conservative silver price of $15/oz, Kootenay estimated the Promontorio mine contains $320 million in recoverable metals. Keep in mind that silver is now trading at well over $40/oz. At $40/oz and 82% recovery (the recovery rate used by analysts in the NI-43-101 report), the value of silver in the Pit Zone alone, excluding inferred amounts, is worth over $290 million.

Considerable work is being undertaken to increase the size of the Pit Zone resource, using the NI-43-101 report as a guide. Exploratory drilling outside the immediate zone has so far been successful, showing consistent widespread silver mineralization. In an interview, President and CEO James McDonald suggested that confirmation of these additional discoveries could increase the company’s core reserves by two-to-three-fold. This, he said, would make Kootenay comparable in size to that of midsize producers in Mexico.

Silver strategists believe a short-term correction in prices may be in order, but the upward march is likely to continue. Unlike gold, silver is a highly versatile metal used in industry, photography and jewelry, and also a strategic metal due to its use in the aerospace and defense sector. Its qualities have made it a store of value; some even believe governments have or will begin accumulating the metal in strategic reserves. Such uses will support and drive silver prices in the foreseeable future.

This bodes well for Kootenay and its Promontorio Silver property. While current estimates have been for the main Pit Discovery Zone, exploratory drilling has been taking place outside the main site and finding consistent success.

The Pit Zone, which is approximately 200 meters by 300 meters in size, sits at the corner of a parcel with an “L” shaped footprint within the Promontorio holding. Exploration is now ongoing along a 1 kilometer mineralization corridor along the Northeast “leg”. Recently, the company reported significant intercepts of high-grade silver mineralization along this entire stretch. A new pit at the Northeast zone has now become a high priority area.

The company intends on aggressively pursuing this new expansion area by conducting multiple, closely spaced drillings to determine continuity within the known zones of silver mineralization and its precise geometry. The new priority targets have the potential to add to the current reserves. A new independent resource calculation is planned for the near future to validate this potential.

The company will also conduct extensive drilling to the NE and SW outside this main Pit Discovery zone, where silver mineralization has been traced over the entire one-kilometer strike length of the property’s corridor.

Kootenay is well capitalized with cash reserves of about $7 million. This should allow the company to continue its aggressive drilling into the foreseeable future.

With its expansive drilling campaign and planned updated independent resource calculation of the Northeast zone, there are multiple upcoming catalysts for the stock. Should the company’s estimates bear out and silver prices hold up, Kootenay looks to have a very sizeable silver reserve that could rival that of several mid-tier producers in the region. 

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Thu, 28 Apr 2011 13:32:00 -0400 https://www.proactiveinvestors.com/companies/news/77332/kootenay-golds-promontorio-silver-project-a-mine-in-the-making-14158.html
<![CDATA[News - Kootenay Gold rallies as it expands mineralization at Promontorio silver project ]]> https://www.proactiveinvestors.com/companies/news/76989/kootenay-gold-rallies-as-it-expands-mineralization-at-promontorio-silver-project-13571.html Kootenay Gold (CVE:KTN.V) announced Monday results from a further 10 drill holes at its Promontorio silver project in Sonora, Mexico, extending the mineralized zone to more than one kilometre in length.

Since the news, Kootenay's shares rose more than 18%, to trade at $1.09 as of 2:02pm EST.

The company said that a new high priority zone of high grade silver mineralization was discovered in an area between the pit resource and the Northeast Zone, remaining open on strike and at depth. The results form part of a 10,000 metre ongoing drill program at the property.

Highlights from the new zone include 7.5 metres of 145 g/t silver and 0.39 g/t gold in hole PC 20, including 9 metres of 265 g/t silver and 0.13 g/t gold; and 3 metres of 206 g/t silver and 0.28 g/t gold in hole PC 23.

Meanwhile, notable intersections that extended the NorthEast zone include hole PC 28, which intersected 18 metres of 188 g/t silver and 0.89 g/t gold, within 51 metres at 98 g/t silver and 1.28 g/t gold. In addition, hole PC 25 returned 3 metres of 157 g/t silver and 0.99 g/t gold, with 25.5 metres of 38 g/t silver and 0.46 g/t gold.

"We are consistently hitting high and medium grade silver mineralization to the North East of our Pit Resource expanding the North East Zone to over 300 meters, which is double the strike length of our current 43-101 silver resource," said CEO James McDonald.

"Moreover, widely spaced step out holes have encountered multiple, high grade silver intercepts confirming the exciting upside potential of the entire 1.0 kilometer long mineralized corridor at Promontorio."

Based on the results received thus far, Kootenay is planning an aggressive, closely spaced, infill drilling program that will be designed to tie in multiple zones of widespread silver mineralization seen both northeast and southeast of the current pit zone. The company has also added a  diamond drill rig on Promontorio to test the deposit at depth, to focus on expanding the silver resource.

The latest estimate of Promontorio indicates the property hosts 10.1 million ounces of contained silver.

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Mon, 04 Apr 2011 14:19:00 -0400 https://www.proactiveinvestors.com/companies/news/76989/kootenay-gold-rallies-as-it-expands-mineralization-at-promontorio-silver-project-13571.html
<![CDATA[News - Kootenay Gold appoints new board member ]]> https://www.proactiveinvestors.com/companies/news/76835/kootenay-gold-appoints-new-board-member-13265.html Kootenay Gold (CVE:KTN) said Thursday that it has appointed Dick Whittington to the company's board of directors, effective immediately.

Most recently, Whittington was the president and CEO of Farallon Mining, which he took from  discovery stage through to mine construction and full production in less than four years. The company was sold to Nyrstar for $409 million in January.

At Farallon, he developed and constructed the G9 deposit in Guerro State, Mexico, and had a lead role in founding and chairing the Mining Task Force, an organization set up to represent Canadian mining companies in Mexico.

Whittington has worked for more than 35 years with major mining companies in Canada, Panama and Australia, in both senior engineering and management roles.

"Dick Whittington brings Kootenay a proven track record as a mine builder, operator and financer and will undoubtedly be a major asset to the Company and its management team as we continue to advance our flagship Promontorio Silver Project through the various development stages," said Kootenay president, James McDonald.

Aside from Kootenay Gold's flagship Promontorio Silver mine in Sonora State, Mexico, the company also owns properties in British Columbia.

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Thu, 24 Mar 2011 14:08:00 -0400 https://www.proactiveinvestors.com/companies/news/76835/kootenay-gold-appoints-new-board-member-13265.html
<![CDATA[News - Kootenay Gold reports large gold bearing structures found at Copley ]]> https://www.proactiveinvestors.com/companies/news/76507/-kootenay-gold-reports-large-gold-bearing-structures-found-at-copley--12710.html Kootenay Gold (CVE:KTN) said Wednesday that partner Northern Vertex (CVE:NEE) reported drill results from the Copley gold property in British Columbia, demonstrating the project's "significant bulk tonnage potential".

Of the eleven holes Northern drilled on the site, nine intersected gold, including a 33 metre intersection of 0.271 g/t gold in hole 01-04. Of the 33 metres, 5.6 metres averaged 0.68 g/t gold and 1.4 metres averaged 1.57 g/t gold.

"Results confirm Copley’s geological characteristics mirror that of Richfield’s Blackwater discovery 40km to the south," said Northern's consulting geologist Bob Thompson.

"Moreover, the significant gold intersections identified over a large area, combined with the thickness of the intervals underscore Copley’s significant bulk tonnage gold potential."

Drilling at the site focused on the Smoking Pipe area, with results indicating the mineralized zone is near surface, and areas of gold-rich rocks thicken to the west - meaning additional drilling is required to properly estimate the size of the target.

The program also confirmed that gold occurs in silicifed volcanic rocks, with anomalous concentrations of zinc and mercury.

Northern Vertex said today that it has identified three additional drill-ready targets associated with gold-bearing surface samples west of the Smoking Pipe target.  It plans on executing a phase 2 drill program in due course, which will prioritize these new targets.

In November last year, Kootenay agreed to an option agreement for Copley, giving Northern the right to earn 60% of the project in exchange for issuing a total of 800,000 Northern shares and by financing $2.2 million of exploration expenditures over four years.

Kootenay is focused on developing its flagship Promontorio silver property in Sonora State, Mexico.

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Wed, 02 Mar 2011 14:30:00 -0500 https://www.proactiveinvestors.com/companies/news/76507/-kootenay-gold-reports-large-gold-bearing-structures-found-at-copley--12710.html