Kootenay Silver Inc. (TSX-V:KTN) said the latest drill results from the Columba high-grade silver project in Chihuahua State, Mexico have increased the potential of identifying a "significant" resource there.
The latest assays come from the first six holes of the previously announced 15,000-metre (m), phase four drilling program aimed at extending known mineralization and testing additional veins across the target-rich property.
"We are extremely pleased with the new results from Columba. Each of the holes was designed to extend the F and D veins beyond previous drilling, in some cases returning high silver grades which we expect from this project," Kootenay Silver's CEO James McDonald said in a statement.
"As work continues to discover high grade shoots at Columba, we see increasing potential to identify a significant silver resource," he added.
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Highlight results included, at the D vein, a well mineralized zone averaging 449 grams per ton (g/t) silver over 11.3m from 81.1m downhole in one hole.
At the F vein, one hole hit 107 g/t silver over 6m from 236m depth, which was 75m deeper than a previously released hole, which showed 425 g/t silver over 2.37m, and remains open at depth.
The F Vein lies 600m northeast of, and roughly parallel to the D vein. Most of the historical production at Columba came from the F Vein which has been mapped for over 1,000m on surface.
As at the beginning of 2022, drilling had intercepted the F Vein for over 700m along trend to a maximum depth of 200m, noted Kootenay.
An explorer, Kootenay Silver remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Contact the author at giles@proactiveinvestors.com