VANCOUVER, Sept. 28, 2017 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce that the latest drill hole on the Las Venadas Zone has
been completed and the Company has mobilized the drill rig to the
La Navidad Zone, at its 100% owned La Cigarra silver project
located in the Parral District of Chihuahua State Mexico.
Kootenay Silver President & CEO Jim McDonald states, "Drilling at Las
Venadas was successful in identifying what we believe is a very
significant new silver zone with potential to add significantly to
the La Cigarra silver resource count (see news releases
August 30th, 2017 and August 15th, 2017). Obviously we are
looking forward to the follow up drill program on the new discovery
once the current program is complete. Meanwhile we are
excited to get the first ever drill holes into the La Navidad Zone,
which offers considerable exploration upside given it's
similarities to the San Gregorio
part of the deposit just 500 meters to the west."
The La Navidad Zone is situated approximately 500 meters to the
east and parallel to the San Gregorio Zone, which currently
contains approximately 60% of La Cigarra's NI 43-101 Mineral
Resource Estimate of 51.47 million ounces of silver in the Measured
& Indicated categories (18,540,000 tonnes) grading 86.3 gpt
silver and 11.46 million ounces of silver in the Inferred category
(4,450,000 tonnes) grading 80 gpt silver (see Northair News Release
dated January 14, 2015 or SEDAR for
information on the NI 43-101 technical report).
Rock and soil sampling programs completed on the La Navidad Zone
defined a mineralized area measuring up to 1,000 meters long by 300
meters wide that is similar in size and silver in soil values as
found at the San Gregorio Zone. To view the similarities between
the two areas click the following link: Location, Sampling and
Geological Setting Maps of La Navidad Zone on the La Cigarra
Property.
Results from the ongoing 7,500-meter drill program at La Cigarra
will be announced once assays are received, compiled and
interpreted by the Company.
Sampling and QA/QC
All technical information for the La Cigarra exploration program
is obtained and reported under a formal quality assurance and
quality control ("QA/QC") program. Samples are taken under the
direction of qualified geologists and stored in sealed bags.
Samples are delivered by the Company via courier to ALS Minerals
("ALS") in Chihuahua. The samples are dried, crushed and pulverized
with the pulps being sent airfreight for analysis by ALS in
Vancouver B.C. Systematic assaying
of standards is performed for precision and accuracy. Analysis for
silver, zinc, lead and copper and related trace elements was done
by ICP four acid digestion, with gold analysis by 30-gram fire
assay with an AA finish. All drilling will be with HQ core and has
been contracted to BD Drilling from Guadalajara, Mexico.
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 of 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
September 27, 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.