INCLUDES 534 GPT AG OVER 8.7 METERS WITHIN 237
GPT AG OVER 32 METERS
VANCOUVER, Feb. 15, 2017 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce drilling has returned a series of high-grade silver
intercepts from the latest 13 holes of a multi-phase drill program
being conducted and operated by Pan American Silver Corp. ("Pan
American") on its La Negra silver discovery in Sonora, Mexico. The definition drill program
on La Negra is part of an earn-in option agreement between Kootenay
and Pan American that provides Kootenay with a series of work and
cash commitments and a carried to production interest on La Negra.
All holes reported are infill and step out drilling down dip on the
La Negra breccia.
Kootenay President and CEO, James
McDonald states, "We are very pleased with results from
the 13 holes of our current drill program on La Negra with Pan
American. The confirmation of additional, multiple zones of
high-grade silver mineralization within a 600 meter strike length
of the breccia, remaining open at depth, further underscores the
future development potential of La Negra's contained silver
resource. We are excited with the continued success at La Negra and
look forward to receiving results from the remaining four holes of
the program."
Drill highlights include:
- LN-54-16 returning 77 gpt silver ("Ag") over 30.95
meters including 341 gpt Ag over 3.75 meters
- LN-57-16 returning 149 gpt Ag over 44.15 meters
including 449 gpt Ag over 9.15 meters and 1786 gpt Ag over 1.5
meters
- LN-58-16 returning 352 gpt Ag over 8.7 meters including
516 gpt Ag over 5.7 meters
- LN-59-16 returning 237 gpt Ag over 32.15 meters
including 534 gpt Ag over 11.2 meters and 815 gpt Ag over 2.90
meters and 991 gpt Ag over 1.65 meters
- LN-61-16 returning 98 gpt Ag over 14.4 meters including
237 gpt Ag over 4.4 meters
- LN-65-16 returning 145 gpt Ag over 28.55 meters
including 460 gpt Ag over 8.15 meters and 738 gpt Ag over 3.55
meters and 1208 gpt Ag over 0.6 meters
Click to view: drill plan and cross sections.
A summary of the infill drilling within the mineralized zone is
provided in the table below:
Drill
hole
|
From
|
To
|
Interval
|
Ag
gpt
|
Au
gpt
|
Cu
ppm
|
Pb
ppm
|
Zn
ppm
|
Breccia
|
LN-54-16
|
0
|
30.95
|
30.95
|
77
|
0.02
|
120
|
3366
|
74
|
LN Bx
Principal
|
Incl.
|
1.25
|
5
|
3.75
|
341
|
0.03
|
147
|
5179
|
48
|
LN Bx
PrIncipal
|
Incl.
|
1.25
|
2.6
|
1.35
|
429
|
0.01
|
175
|
5404
|
30
|
LN Bx
Principal
|
LN-57-16
|
59.9
|
104.05
|
44.15
|
149
|
0.07
|
124
|
1836
|
109
|
LN Bx
Principal
|
Incl.
|
70.65
|
79.8
|
9.15
|
449
|
0.08
|
61
|
2447
|
78
|
LN Bx
Principal
|
Incl.
|
72.15
|
73.65
|
1.5
|
1786
|
0.21
|
57
|
4765
|
93
|
LN Bx
Principal
|
Incl.
|
92.55
|
93.55
|
1
|
384
|
0.18
|
499
|
733
|
104
|
LN Bx
Principal
|
Incl.
|
100.45
|
104.05
|
3.6
|
228
|
0.08
|
637
|
346
|
166
|
LN Bx
Principal
|
Incl.
|
103.25
|
104.05
|
0.8
|
520
|
0.18
|
1849
|
558
|
171
|
LN Bx
Principal
|
LN-58-16
|
119.35
|
128.05
|
8.7
|
352
|
0.35
|
1856
|
5793
|
6737
|
LN Bx
Principal
|
Incl.
|
119.35
|
125.05
|
5.7
|
516
|
0.53
|
2739
|
8485
|
8021
|
LN Bx
Principal
|
|
148.15
|
151.35
|
3.2
|
170
|
0.09
|
433
|
9341
|
214
|
LN Bx
Principal
|
Incl.
|
149.85
|
151.35
|
1.5
|
295
|
0.17
|
731
|
14700
|
268
|
LN Bx
Principal
|
|
219.95
|
257.05
|
37.1
|
124
|
0.18
|
287
|
2765
|
252
|
LN Bx
Inferior
|
Incl.
|
232.3
|
239.5
|
7.2
|
245
|
0.46
|
577
|
699
|
577
|
LN Bx
Inferior
|
Incl.
|
249.25
|
254.05
|
4.8
|
264
|
0.07
|
699
|
2110
|
216
|
LN Bx
Inferior
|
LN-59-16
|
105.55
|
109.4
|
3.85
|
88
|
0.21
|
212
|
12229
|
197
|
LN Bx
Principal
|
Incl.
|
106.55
|
107.2
|
0.65
|
172
|
0.33
|
457
|
9424
|
329
|
LN Bx
Principal
|
|
135.6
|
138.6
|
3
|
157
|
0.09
|
230
|
10939
|
169
|
LN Bx
Principal
|
Incl.
|
136.6
|
137.4
|
0.8
|
423
|
0.25
|
663
|
28000
|
318
|
LN Bx
Principal
|
|
200
|
232.15
|
32.15
|
237
|
0.1
|
448
|
2229
|
353
|
LN Bx
Inferior
|
Incl.
|
209.65
|
220.85
|
11.2
|
534
|
0.18
|
968
|
694
|
437
|
LN Bx
Inferior
|
Incl.
|
211
|
212.65
|
1.65
|
991
|
0.32
|
1734
|
1035
|
994
|
LN Bx
Inferior
|
Incl.
|
216.55
|
219.45
|
2.9
|
815
|
0.18
|
1428
|
1213
|
364
|
LN Bx
Inferior
|
LN-60-16
|
133
|
134.9
|
1.9
|
82.7
|
0
|
216
|
10400
|
3284
|
LN Bx
Principal
|
Incl.
|
234.9
|
266.65
|
31.75
|
69.5
|
0
|
170
|
366
|
94
|
LN Bx
Inferior
|
Incl.
|
234.9
|
240.2
|
5.3
|
154
|
0.06
|
418
|
625
|
183
|
LN Bx
Inferior
|
Incl.
|
239.15
|
240.2
|
1.05
|
297
|
0.17
|
846
|
465
|
239
|
LN Bx
Inferior
|
Incl.
|
260.7
|
266.65
|
5.95
|
92
|
0.03
|
220
|
130
|
95
|
LN Bx
Inferior
|
|
260.7
|
261.5
|
0.8
|
221
|
0.04
|
623
|
108
|
171
|
LN Bx
Inferior
|
LN-61-16
|
167.75
|
182.15
|
14.4
|
98
|
0.14
|
169
|
5644
|
163
|
LN Bx
Principal
|
Incl.
|
167.75
|
172.15
|
4.4
|
237
|
0.26
|
430
|
10316
|
268
|
LN Bx
Principal
|
Incl.
|
170.65
|
172.15
|
1.5
|
325
|
0.21
|
587
|
16800
|
540
|
LN Bx
Principal
|
LN-62-16
|
174.9
|
176.1
|
1.2
|
97
|
0.05
|
205
|
5429
|
297
|
LN Bx
Principal
|
|
233.55
|
234.45
|
0.9
|
178
|
0.44
|
288
|
798
|
103
|
LN Bx
Principal
|
|
281.4
|
282.2
|
0.8
|
155
|
0.1
|
417
|
97
|
122
|
LN Bx
Principal
|
|
333
|
337.45
|
4.45
|
163
|
0.04
|
1146
|
84
|
304
|
LN Bx
Inferior
|
Incl.
|
333
|
334.4
|
1.4
|
288
|
0.08
|
1866
|
143
|
425
|
LN Bx
Inferior
|
|
351.2
|
352.4
|
1.2
|
313
|
0.23
|
3067
|
52
|
400
|
LN Bx
Inferior
|
|
381.8
|
385.65
|
3.85
|
115
|
0.06
|
626
|
1030
|
175
|
LN Bx
Inferior
|
Incl.
|
381.8
|
383.4
|
1.6
|
235
|
0.07
|
1294
|
1910
|
296
|
LN Bx
Inferior
|
LN-63-16
|
197.7
|
208.35
|
10.65
|
67
|
0.03
|
94
|
6085
|
135
|
LN Bx
Inferior
|
Incl.
|
207.35
|
208.35
|
1
|
351
|
0.11
|
581
|
28900
|
427
|
LN Bx
Inferior
|
LN-64-16
|
40.55
|
41.5
|
0.95
|
61
|
0.01
|
865
|
780
|
327
|
LN Bx
Principal
|
LN-65-16
|
0
|
28.55
|
28.55
|
145
|
0.05
|
66
|
6769
|
53
|
LN Bx
Principal
|
Incl.
|
17.05
|
25.2
|
8.15
|
460
|
0.12
|
170
|
19186
|
30
|
LN Bx
Principal
|
Incl.
|
21.65
|
25.2
|
3.55
|
738
|
0.19
|
285
|
38963
|
42
|
LN Bx
Principal
|
Incl.
|
24.6
|
25.2
|
0.6
|
1208
|
0.54
|
422
|
16100
|
75
|
LN Bx
Principal
|
LN-66-16
|
0
|
17.75
|
17.75
|
67
|
0.03
|
95
|
2307
|
153
|
LN Bx
Principal
|
Incl.
|
10.55
|
15.05
|
4.5
|
147
|
0.04
|
106
|
2312
|
116
|
LN Bx
Principal
|
LN-55-16 and LN-56-16 reporting no significant
results.
There are currently four additional holes remaining from the
2016 Phase I program with Pan American which will be reported once
assay results are received and compiled by the Company.
Results from Phase I Exploration and First 11 holes of
Drilling Program:
Pan American began managing the
exploration program in April 2016 and
commenced re-logging drill core, geological mapping and
re-interpretation, and completed 62 kilometers of magnetic ground
surveys. Pan American initiated a 3,500 meters drilling program in
July 2016 with the objective of
infilling the La Negra drill coverage to 50 meter centres and
testing along-strike and down dip extents as well as following up
on geophysical and geological anomalies found elsewhere within the
exploration concessions.
Pan American reported that a series of deeper infill drill holes
from the first 11 holes of the current program confirmed high-grade
results from previous drilling conducted by Kootenay on La Negra
(See Kootenay News release October 25,
2016) as well as the presence of a second breccia zone
further to the south, which currently remains open at depth. Based
on the initial success of the Phase I program, in October 2016 Pan American increased the drill
program by an additional 2,000 meters.
QA/QC
Samples were assayed by Inspectorate of
Hermosillo, Mexico, using four
acid digestion 35 element ICP analytical methods with fire assay
for Au and Ag with atomic absorption finish and gravimetric finish,
respectively. Pan American has followed a Quality Assurance/Quality
Control program comprised of the insertion of blank material and
certified standard samples at a frequency of one each for every 20
samples. There is no known drilling, sampling, recovery, or other
factors that could materially affect the accuracy or reliability of
the data referred to in the table.
Qualified Persons
The Kootenay technical
information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National
Instrument 43-101 (Standards of Disclosure for Mineral Projects)
and reviewed on behalf Kootenay by James
McDonald, P. Geo, President, CEO & Director for
Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver
Inc. is an exploration company actively engaged in the discovery
and development of mineral projects in the Sierra Madre Region of
Mexico and in British Columbia, Canada. Supported by one of
the largest portfolios of silver assets in Mexico, Kootenay continues to provide its
shareholders with significant leverage to silver prices. The
Company remains focused on the expansion of its current silver
resources, new discoveries and the near-term economic development
of two of its priority silver projects located in prolific mining
districts in Sonora, State and
Chihuahua, State, Mexico,
respectively.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS:
The information in this news release has been prepared as at
February 14, 2017. Certain statements
in this news release, referred to herein as "forward-looking
statements", constitute "forward-looking statements" under the
provisions of Canadian provincial securities laws. These statements
can be identified by the use of words such as "expected", "may",
"will" or similar terms.
Forward-looking statements are necessarily based upon a
number of factors and assumptions that, while considered reasonable
by Kootenay as of the date of such statements, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Many factors, known and
unknown, could cause actual results to be materially different from
those expressed or implied by such forward-looking
statements. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date made. Except as otherwise required by law, Kootenay
expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any such statements to reflect
any change in Kootenay's expectations or any change in events,
conditions or circumstances on which any such statement is
based.
Cautionary Note to US Investors: This news
release may contain information about adjacent properties on which
we have no right to explore or mine. We advise U.S. investors that
the SEC's mining guidelines strictly prohibit information of this
type in documents filed with the SEC. U.S. investors are cautioned
that mineral deposits on adjacent properties are not indicative of
mineral deposits on our properties. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
This press release uses the terms "Measured", "Indicated",
and "Inferred" resources. United
States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States
Securities and Exchange Commission does not recognize them.
"Inferred Mineral Resources" have a great amount of uncertainty as
to their existence, and as to their economic and legal feasibility.
It cannot be assumed that all or any part of an Inferred Mineral
Resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of Inferred Mineral Resources may not form the
basis of feasibility or other economic studies. United States investors are cautioned not to
assume that all or any part of Measured or Indicated Mineral
Resources will ever be converted into Mineral Reserves.
United States investors are also
cautioned not to assume that all or any part of a Mineral Resource
is economically or legally mineable.
SOURCE Kootenay Silver Inc.