- CAL22-05 represents the best gold mineralized intersection
drilled to date at the Cervantes
project
- Initial gold results from 15 additional drill holes are
expected over the coming weeks
VANCOUVER, BC, March 2, 2022 /CNW/ - Kootenay Silver
Inc. (TSXV: KTN) (the "Company" or "Kootenay") is
pleased to announce project partner and operator Aztec Minerals has
reported on 3 more holes from the Cervantes project in Sonora, Mexico.
California Zone Drill Highlights
- CAL22-005
-
- 1.486 gpt Au over 136.8 m,
including 51.7 metres of 3.424 gpt Au at the southern edge
of the central part of the mineralized zone some 50 meters from
hole CAL22-004 that previously reported 1.0 gpt Au over 167
meters with 24.4 meters of 4.25 gpt Au.
- CAL22-006
-
- 0.75 gpt Au over 100.3 m
including 3.087 gpt Au. Over 9.1 meters at the northern
edge of the central portion of the mineralized zone
- CAL22-007
-
- 0.422 gpt Au over 63.8
m located at the northern edge of the central
portion of the mineralized zone
To-date, every hole drilled at California has intersected near surface,
oxidized gold mineralization with minor copper oxides. There are 13
more holes pending from the California zone with one pending from each of
the Jasper and California North targets.
View drill section here:
Link to
section view holes CAL22-004 and CAL22-005
Link to section view hole CAL22-005
Link to section view hole CAL22-006
Link to section view hole CAL22-007
Reported lengths are apparent widths, not true widths, and the
observed gold mineralization appears to be widely distributed in
disseminations, fractures and veinlets within quartz-feldspar
porphyry, feldspar porphyry stocks and related hydrothermal
breccias.
California
2022 RC Drill Program Plan Map
Holes CAL22-005, 006 and 007 intersected extensive gold
mineralization, see table below, extending the known mineralized
zone at depth and to the north and to the south and covers an area
now measuring approximately 900 metres long by 250 to 500 metres
wide, with demonstrated, continuous mineralization up to 265 metres
depth vertically. The porphyry gold-copper mineralization is still
open in all directions.
Drill
Hole
|
From
m
|
To m
|
Interval
m*
|
Au
gpt
|
Comments
|
CAL22-001
|
22.86
|
111.3
|
88.41
|
1.1
|
230 Az, -60
|
Including
|
22.86
|
77.74
|
54.88
|
1.56
|
|
|
30.49
|
45.73
|
15.24
|
3.962
|
|
|
30.49
|
36.57
|
6.08
|
7.44
|
|
|
|
|
|
|
|
CAL22-002
|
0
|
108.2
|
108.2
|
0.374
|
225 Az, -60
|
|
|
|
|
|
|
CAL22-003
|
45.7
|
91.5
|
45.7
|
0.451
|
233 Az, -60
|
Including
|
60.9
|
74.7
|
13.7
|
0.868
|
|
|
|
|
|
|
|
CAL22-004
|
0
|
167.2
|
167.2
|
1.002
|
236 AZ, -59
|
Including
|
131.1
|
155.5
|
24.4
|
4.247
|
|
|
|
|
|
|
|
CAL22-005
|
0
|
136.8
|
136.8
|
1.486
|
236 Az,
-59
|
Including
|
54.88
|
106.7
|
51.68
|
3.424
|
|
|
|
|
|
|
|
CAL22-006
|
16.77
|
117.38
|
100.32
|
0.75
|
229 Az,
-60
|
Including
|
16.77
|
25.91
|
9.14
|
3.087
|
|
|
|
|
|
|
|
|
128.05
|
140.25
|
12.2
|
0.925
|
|
|
|
|
|
|
|
CAL22-007
|
32.01
|
39.63
|
7.6
|
0.684
|
225 Az,
-59
|
|
|
|
|
|
|
|
83.84
|
147.87
|
63.84
|
0.422
|
|
|
|
|
|
|
|
Drill samples cuttings are collected every 5 feet (1.52m) from all drill holes. The samples are
analyzed by Bureau Veritas for gold with a 30-gram sample size
using the method FA430 followed by MA300. Over limits, when
present, are analyzed by AR404 or FA550. All holes contain
certified blanks, standards, and duplicates as part of the quality
control program. The QA/QC has delivered excellent results to date
good data integrity. The samples are shipped to and received by
Bureau Veritas Minerals laboratory for the gold and multielement
geochemical analysis and additional gold results will be received
and reported in the next several weeks. Final multielement
ICP results are expected to follow the release of the preliminary
gold assays and are expected to be received during the second
quarter 2022.
Cervantes Property Overview
Cervantes is a highly
prospective porphyry gold-copper property located in southeastern
Sonora state, Mexico. The project lies 160 km east of
Hermosillo, Sonora, Mexico within
the prolific Laramide porphyry copper belt approximately 265 km
southeast of the Cananea porphyry
copper-molybdenum mine (Grupo Mexico). Cervantes also lies along an east-west
trending gold belt 60 km west of the Mulatos epithermal gold mine
(Alamos Gold), 35 km northeast of the Osisko San Antonio gold mine,
45 km west of the La India mine (Agnico Eagle), and 40 km northwest
of Santana gold deposit (Minera
Alamos). View: Cervantes Project Location
Map.
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.
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 and approved 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.
Supported by one of the largest junior 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 its priority silver projects located in prolific
mining districts in Chihuahua, State and Sonora, State , Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS:
The information in this news release has been prepared as at
March 1, 2022. 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.
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SOURCE Kootenay Silver Inc.