viewKootenay Silver Inc

Kootenay drills 873 g/t silver equivalent over 18 metres at Promontorio


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.

Quick facts: Kootenay Silver Inc

Price: 0.275 CAD

Market: TSX-V
Market Cap: $78.64 m

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