VANCOUVER, Feb. 1, 2018 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
report that Aztec Minerals Corp. (TSXV: AZT) ("Aztec Minerals")
today announced the first five of 15 drill holes from its phase I,
3,000 drill program, currently underway at Kootenay's Cervantes
Project, located in Sonora State, Mexico. Drilling conducted
by Aztec Minerals successfully intersected long intervals of
porphyry gold, copper and silver mineralization including shorter
intervals of high grade gold mineralization within the California
Zone confirming excellent potential to host bulk tonnage porphyry
mineralization.
Drill Highlights:
- 139.0 meters from surface grading 0.71 gpt gold, including 20
meters of 2.10 gpt gold in hole 17CER005 at the California
Zone
- 117.0 meters from near surface grading 0.63 gpt gold, including
43.0 meters of 1.18 gpt gold in hole 17CER003 at the California
Zone
To view a map of the drill area click on the following link:
Cervantes Drill Plan.
The Cervantes Property is held under an earn-in option to
agreement whereby Aztec Minerals can acquire up to 100% interest in
the property in two stages. Upon completion of the two stage
earn-in, Kootenay will retain a 2.5 % NSR and receive a payment of
US$5.00 per ounce or gold or gold
equivalent based on a NI 43-101 Resource Estimate. For more
information see the Company's news release dated October 13, 2015.
Drill Results
Hole
ID
|
Zone
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Gold
(gpt)
|
Copper
(%)
|
Silver
(gpt)
|
17CER001
|
Jasper
|
15.8
|
42.5
|
26.7
|
anomalous
|
17CER002
|
Jasper
|
7
|
227
|
220
|
anomalous
|
17CER003
|
California
|
2
|
119
|
117
|
0.63
|
0.09
|
2.7
|
incl.
|
|
46
|
89
|
43
|
1.18
|
0.16
|
5.5
|
incl.
|
|
46
|
48
|
2
|
5.52
|
0.21
|
4.3
|
17CER004
|
California
|
2
|
56
|
51
|
0.19
|
0.06
|
2.3
|
incl.
|
|
34
|
38
|
4
|
0.16
|
0.12
|
2.6
|
17CER005
|
California
|
0
|
139
|
139
|
0.71
|
0.1
|
2.1
|
incl.
|
|
34
|
110
|
76
|
0.79
|
0.15
|
2.7
|
incl.
|
|
26
|
46
|
20
|
2.10
|
0.16
|
1.9
|
Incl.
|
|
40
|
42
|
2
|
4.05
|
0.16
|
2.3
|
Note:
|
True widths cannot be
accurately determined from the information available at this time
therefore core lengths are reported.
|
The full news release issued by Aztec Minerals can be found at:
http://aztecminerals.com/
Sampling and QA/QC
All core samples were split in half, placed into plastic bags,
labeled with sample number, closed with zip ties, and placed in
rice sacks by Aztec Minerals. Samples were typically collected in
2.0m intervals with occasional
exceptions of 1.5 or 3.0m intervals.
Blanks, duplicates, and certified standards were inserted into the
sample stream and subsequently reviewed without any outliers or
abnormal results. The samples were delivered to Bureau Veritas
Laboratories in Hermosillo and
analyzed for gold using a 30gram sample by fire assay fusion with
AAS finish. Samples were shipped to Vancouver and analyzed with a 0.25gram sample
using 4-acid ICP-MS providing analysis on 45 elements.
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.
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 31, 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 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.