Kootenay Silver Inc said it has unearthed a potential new high-grade zone known as the East Block within the Columba Silver project, in Chihuahua State, Mexico.
The discovery was made as part of the 2021 phase II drill program during expansion drilling east of the JZ Zone.
Hole CDH-21-101 returned results indicative of high-grade areas on the property seen in the F, B and D Veins and JZ zone.
READ: Kootenay Silver announces plans to unbundle Canadian assets and unlock value
In the report, Kootenay revealed some of the highlights from Hole CDH-21-101 including; 459 grams per tonne (g/t) silver over 1.6 meters (m) including 1,190 g/t silver over 0.5m and 127 g/t silver over 1.1m.
Jim McDonald, CEO & president of Kootenay Silver said: "Congratulations to our team for the outstanding geologic work leading to an exciting new area with high-grade silver potential. This extension to the Columba veining occurs under the surface of an area, which appears to be barren and adds to the numerous other high-grade zones and potential identified to date. We look forward to further testing of this exciting new area.”
Additionally, mapping by the geological team recognized that the Columba vein system continues further east across a fault, which puts the system slightly deeper than previously considered.
To date, five holes were drilled into this block to see if the narrow structures at surface, with weak silver content contained significant quartz veining with grade deeper down. This is a pattern associated with several other veins found throughout the property.
The deeper of the five holes hit high-grade silver over 1,000 g/t indicating the East Block follows the mineral pattern confirmed elsewhere on the property, where silver grades improve with depth.
"Four of the five drill holes hit silver mineralization, indicating good potential for expanding the size of the high-grade East Block area at Columba,” the company said.
From here, Kootenay noted that additional drilling is required in the East Block to confirm the presence of a high-grade deposit. There is also the opportunity to significantly expand the size of the project's potential in a new and previously untouched area.
Contact the writer at georgia@proactiveinvestors.com
Follow her on Twitter @MissInformd