viewKootenay Silver Inc

Kootenay Silver says 2013 drilling supports expansion of two major zones at Promontorio


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.

Quick facts: Kootenay Silver Inc

Price: 0.4525 CAD

Market: TSX-V
Market Cap: $130.23 m

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