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Kootenay Silver Inc

Kootenay Silver unveils high grade drill results from new zone

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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. 

Quick facts: Kootenay Silver Inc

Price: $0.22

Market: TSX-V
Market Cap: $61.22 m
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