RESULTS INCLUDE 529 GPT SILVER OVER 7.5 METERS
WITHIN 194 GPT SILVER OVER 40.8 METERS
VANCOUVER, April 3, 2017 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce drilling has returned more high-grade silver intercepts
from the remaining 6 holes of the 2016 drill program conducted and
operated by Pan American Silver Corp. ("Pan American
Silver") on its La Negra silver discovery within the
Promontorio project located in Sonora,
Mexico. The definition drill program on La Negra is part of
an option agreement between Kootenay and Pan American Silver that
provides Kootenay with a series of work and cash commitments and a
carried to production interest on Promontorio. Of the 6 drill holes
reported in this release four were drilled into the La Negra
Breccia with 2 into a target south of the breccia. Pan American
Silver is scheduled to recommence drilling in late June-early
July 2017.
Kootenay President and CEO James
McDonald states, "We are very pleased with results from
the final holes of our 2016 drilling program on La Negra with Pan
American Silver. The consistent confirmation of multiple zones of
high-grade silver mineralization within a 600-meter strike length
of the breccia, remaining open at depth, supports further work on
the Promontorio/La Negra project. Upcoming exploration and drilling
by Pan American Silver will focus on defining the potential size of
the magmatic hydrothermal silver-lead breccia and testing
additional targets."
Drill highlights include:
- LN-67-16 returning 121 gpt silver over 47.1 meters
including 582 gpt silver over 2.55 meters
- LN-68-16 returning 194 gpt silver over 40.85 meters
including 529 gpt silver over 7.5 meters and 90 gpt silver over
10.65 meters including 137 gpt silver over 5.55 meters
- LN-69-16 returning 98 gpt silver over 59.25 meters
including 378 gpt silver over 3.65 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
|
Silver
gpt
|
Gold
gpt
|
Copper
ppm
|
Lead
ppm
|
Zinc
ppm
|
Breccia
|
LN-67-16
|
26.2
|
73.3
|
47.1
|
121
|
0.11
|
189
|
2630
|
59
|
LN Bx
Principal
|
Incl.
|
37.3
|
50.35
|
13.05
|
216
|
0.18
|
93
|
1411
|
58
|
LN Bx
Principal
|
incl.
|
37.3
|
38.8
|
1.5
|
458
|
0.39
|
91
|
1032
|
86
|
LN Bx
Principal
|
Incl.
|
47.8
|
50.35
|
2.55
|
582
|
0.14
|
47
|
2113
|
31
|
LN Bx
Principal
|
incl.
|
49.3
|
50.35
|
1.05
|
973
|
0.19
|
65
|
3012
|
34
|
LN Bx
Principal
|
LN-68-16
|
1
|
41.85
|
40.85
|
194
|
0.06
|
172
|
4070
|
299
|
LN Bx
Principal
|
Incl.
|
2.4
|
14.05
|
11.65
|
441
|
0.08
|
367
|
10318
|
426
|
LN Bx
Principal
|
incl.
|
6.55
|
14.05
|
7.5
|
529
|
0.09
|
298
|
7446
|
312
|
LN Bx
Principal
|
Incl.
|
6.55
|
8.05
|
1.5
|
784
|
0.08
|
384
|
19400
|
377
|
LN Bx
Principal
|
incl.
|
12.55
|
14.05
|
1.5
|
1613
|
0.24
|
553
|
3765
|
290
|
LN Bx
Principal
|
Incl.
|
28.7
|
30.2
|
1.5
|
772
|
0.12
|
106
|
1872
|
226
|
LN Bx
Principal
|
|
91.5
|
102.15
|
10.65
|
90
|
0.09
|
421
|
8822
|
34
|
LN Bx
Principal
|
Incl.
|
96.05
|
101.6
|
5.55
|
137
|
0.11
|
666
|
12645
|
35
|
LN Bx
Principal
|
LN-69-16
|
5.1
|
64.35
|
59.25
|
98
|
0.04
|
71
|
1759
|
100
|
LN Bx
Principal
|
Incl.
|
5.1
|
6.6
|
1.5
|
514
|
0.08
|
76
|
4950
|
79
|
LN Bx
Principal
|
incl.
|
35.7
|
49.4
|
13.7
|
189
|
0.08
|
63
|
1506
|
65
|
LN Bx
Principal
|
Incl.
|
45.75
|
49.4
|
3.65
|
378
|
0.13
|
88
|
2529
|
33
|
LN Bx
Principal
|
incl.
|
48.1
|
49.4
|
1.3
|
602
|
0.18
|
112
|
2378
|
26
|
LN Bx
Principal
|
LN-70-16
|
119.75
|
120.45
|
0.7
|
85
|
0.64
|
244
|
37300
|
729
|
LN Bx
Principal
|
|
136.05
|
137.25
|
1.2
|
121
|
0.03
|
241
|
880
|
874
|
LN Bx
Principal
|
|
254.7
|
256.25
|
1.55
|
68
|
0.02
|
193
|
132
|
112
|
LN Bx
Inferior
|
Drill holes LN 71 and LN 72 drilled a target a few hundred
meters south of the La Negra Breccia returned no significant
results.
Pan American Silver 2016 Program
Pan American Silver began managing the exploration program in
April 2016 and commenced re-logging
drill core, geological mapping and re-interpretation, and completed
62 km of magnetic ground surveys. Pan American Silver initiated a
3,500-meter drilling program in July
2016 with the objective of infilling the Kootenay operated
La Negra drill program with coverage to 50 meter centres and
testing the along-strike and down dip extents, as well as following
up on geophysical and geological anomalies located elsewhere within
the Promontorio concessions.
Pan American Silver reported that a series of deeper infill
drill holes from the first 12 holes of the 2016 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 Pan American Silver extended the drill
program by an additional 2000 meters.
Drilling on the subsequent 13 holes of the program returned
consistent high-grade silver results at depth. (See Kootenay News
release February 15, 2017). The
latest 4 holes mark the completion of the 2016 drill program on La
Negra with an approximate total of 6800 meters of drilling and in
31 holes.
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
April 2, 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.