VANCOUVER, Jan. 23, 2018
/CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or
"Kootenay") is pleased to announce the results of the remaining
nine core holes from the Company's 2017 drill program carried out
at its 100% owned La Cigarra silver property, located in Chihuahua
State, Mexico. The La Borracha Zone showed encouraging results
along the northern extension of the La Cigarra resource all of
which sits within a nine-kilometer-long mineralized trend.
Drill Highlights from Hole CC-17-37 in the La Borracha
Zone:
- 107.12 gpt silver over 8 meters within 47.75 gpt silver over 31
meters
- 42.06 gpt silver over 15 meters (second interval)
- A total of 46 meters of silver mineralization separated by 15
meters of rhyolite dyke.
Kootenay President and CEO James
McDonald stated, "La Borracha is a very exciting target with
the potential to add a significant number of new ounces to our
resource. The zone has been traced on surface from the resource
northward for at least 1,100 meters and the latest hole CC-17-37
indicates good grades and widths. The zone has seen very limited
drilling and we are eager to commence the next round of drilling in
the first half of February."
Drill Notes:
The La Borracha drill intercept in Hole CC-17-37, is about 500
meters northwest of the Resource with 107.2 gpt silver over 8.0
meters within a wider intercept of 31 meters grading 45.75 gpt
silver. There is a total of 46 meters of mineralization in the hole
separated by 15 meters of rhyolite dyke. The second interval grades
42 gpt silver over 15 meters. These results extend silver
mineralization 100 meters down dip from a previous hole
(CC-12-089), which returned an intercept of 56 gpt silver over 9.25
meters. To date, 12 holes have been drilled along the La Borracha
trend with nine of those being drilled too far west to hit the main
mineralized structure extending northward from the resource.
Additional previous holes of note include 166 gpt silver over 4.5
meters (CC 12-93), 130 gpt silver over 2.95 meters (CC-11-29) and
455 gpt silver over 1.5 meters (CC-11-28). To view the site
plan of the La Borracha Zone and a cross section, please click on
the following link:
http://www.kootenaysilver.com/assets/img/nr/18_03_Borracha_Plan_Section.pdf
The mineralized zone at La Borracha remains open along strike
for 1,100 meters and down dip to the northeast. Surface sampling
has returned strongly anomalous silver values over widths of 70-80
meters on surface. In addition to the drilling in La Borracha,
the Company also completed three holes in Las Venadas and five
holes in Navidad.
Anomalous silver and elevated lead-zinc continued to be
intercepted at La Venadas. Las Venadas sits about 800 meters south
of the resource and includes a very broad area of mineralization in
veins, vein breccias and stockworks. Follow up work will include
mapping and geologic modeling to focus on those areas of best grade
with particular attention to the strong and long mineralized
intercepts in holes CC-17-26 and CC-17-28. The Navidad zone immediately east of the resource
returned some anomalous results and no follow up drilling is
anticipated at this time.
Drill widths reported are all core lengths. Hole CC-17-37 in La
Borracha is interpreted to be about 90% of true width. The Venadas
and Navidad true widths are not
known at this time.
Drill Results
Hole
ID
|
Zone
|
From
(meters)
|
To
(meters)
|
Interval
(meters)(1)
|
Silver
(gpt)
|
Gold
(gpt)
|
Pb
(%)
|
Zn
(%)
|
CC-17-29
|
Las
Venadas
|
195
|
200
|
5.00
|
41.00
|
0.025
|
0.029
|
0.075
|
CC-17-30
|
Las
Venadas
|
191
|
197
|
6.00
|
8.33
|
0.008
|
0.254
|
0.282
|
CC-17-31
|
Las
Venadas
|
32
|
78
|
46.00
|
12.46
|
0.009
|
0.169
|
0.789
|
Including
|
|
62
|
78
|
16.00
|
20.50
|
0.014
|
0.294
|
1.414
|
Including
|
|
72.5
|
78
|
5.50
|
31.81
|
0.015
|
0.364
|
1.888
|
|
|
145
|
218
|
73.00
|
13.81
|
0.015
|
0.187
|
0.542
|
Including
|
|
157
|
175.5
|
18.50
|
20.77
|
0.009
|
0.296
|
0.766
|
Including
|
|
194
|
204
|
10.00
|
14.72
|
0.012
|
0.259
|
0.701
|
|
|
256
|
285
|
29.00
|
17.75
|
0.019
|
0.242
|
0.687
|
Including
|
|
258
|
266
|
8.00
|
27.62
|
0.01425
|
0.354
|
1.037
|
CC-17-32
|
La Navidad
|
No Significant
Intervals
|
CC-17-33
|
La Navidad
|
46
|
47
|
1.00
|
5.00
|
0.888
|
0.029
|
0.238
|
|
|
52.35
|
54
|
1.65
|
1.00
|
0.644
|
0.009
|
0.037
|
|
|
197
|
204.6
|
7.60
|
27.18
|
0.020
|
0.022
|
0.061
|
Including
|
|
197
|
200
|
3.00
|
51.5
|
0.028
|
0.044
|
0.106
|
CC-17-34
|
La Navidad
|
No Significant
Intervals
|
CC-17-35
|
La Navidad
|
No Significant
Intervals
|
CC-17-36
|
La Navidad
|
24
|
26
|
2.00
|
0.75
|
0.288
|
0.003
|
0.043
|
|
|
105
|
105.8
|
0.80
|
21.00
|
0.302
|
0.213
|
2.54
|
CC-17-37
|
La
Borracha
|
78
|
93
|
15.00
|
42.06
|
0.040
|
0.238
|
0.205
|
Including
|
|
84
|
93
|
9.00
|
52.00
|
0.041
|
0.213
|
0.257
|
|
|
107
|
138
|
31.00
|
45.75
|
0.041
|
0.256
|
0.189
|
Including
|
|
111
|
119
|
8.00
|
107.12
|
0.0445
|
0.587
|
0.296
|
|
|
132
|
138
|
6.00
|
27.16
|
0.056
|
0.047
|
0.112
|
(1)
|
True widths cannot be
accurately determined from the information available at this time
therefore core lengths are reported.
|
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 from core cut
in half with a diamond saw under the direction of qualified
geologists. Samples are then labeled placed in plastic bags, sealed
and with interval and sample numbers recorded. 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, blanks and duplicates 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 or NQ 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 Kootenay by James McDonald, P.Geo, President, CEO &
Director for Kootenay, a Qualified Person.
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.
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS:
The information in this news release has been prepared as at
January 22, 2018. 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 U.S. 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.