VANCOUVER, BC, May 6, 2022
Kootenay Silver Inc. (TSXV: KTN) (the "Company" or
"Kootenay") is pleased to announce drill crews are on site at
the Columba high-grade silver project (the "Property"), located in
Chihuahua State, Mexico in
preparation to begin the 2022 drill program. Two diamond core
drills are scheduled to arrive within the next few days.
Drilling for this 15,000-meter program will focus on several
areas on the property, including:
- The F Vein; host to historic high-grade silver underground
workings (4 shafts and 6 levels of drifts) measuring over 1,000
meters in length;
- D, and B Veins located 800 metres south and along strike from
the F Vein;
- JZ Zone located 700 meters east of the F Vein; and
- East Block located 200 meters east form the JZ Zone
Initial focus of this program will be on deeper drill testing on
the F Vein and expanding on the D and B Vein intercepts. This plan
follows up promising results from previous drill programs
highlighted by these examples of many:
F Vein
CDH-19-41: 787 gpt silver over 5.95 meters within
650 gpt silver over 7.45 meters and 159 gpt silver
D Vein
CDH-21-110: 932 gpt silver over 6.07 meters within
650 gpt silver over 17.8 meters and 453 gpt silver over 29.9
meters
B Vein
CDH-21-82: 1186 gpt silver over 4.6 meters within 9
meters of 691 gpt silver
JZ Trap Zone:
CDH-21-103; 2035 gpt silver over 6 meters within 805 gpt
silver over 17 meters and 333 gpt silver over 44 meters
East Block:
CDH-21-101: 1190 gpt silver over 0.5 meters within 459
gpt silver over 1.6 meters
A comprehensive list of drill results completed on the Columba
Property since 2020 can be view here: Columba Drill Results.
Sampling and QA/QC at
Columba
All technical information for the Columba 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 and
engineers. Samples are then labeled, placed in plastic bags, sealed
and with interval and sample numbers recorded. Samples are
delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The
Company inserts blanks, standards and duplicates at regular
intervals as follows. On average a blank is inserted every
100 samples beginning at the start of sampling and again when
leaving the mineral zone. Standards are inserted when entering the
potential mineralized zone and in the middle of them, on average
one in every 25 samples is a standard. Duplicates are taken in the
mineralized zone, on average 1 to 2 duplicates for each hole.
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
reported is HQ core and has been contracted to Globexplore Drilling
from Hermosillo, Sonora,
Mexico.
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 and
in British Columbia, Canada.
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 Sonora, State
and Chihuahua, State, Mexico,
respectively.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at
May 5, 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 includes Mineral Reserves and Mineral Resources
classification terms that comply with reporting standards in
Canada and the Mineral Reserves
and the Mineral Resources estimates are made in accordance with
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects ("NI 43-101"). NI 43-101 is a rule developed by the
Canadian Securities Administrators that establishes standards for
all public disclosure an issuer makes of scientific and technical
information concerning mineral projects. These standards differ
significantly from the requirements adopted by the U.S. Securities
and Exchange Commission (the "SEC"). The SEC sets rules that
are applicable to domestic United
States reporting companies. Consequently, Mineral Reserves
and Mineral Resources information included in this news release is
not comparable to similar information that would generally be
disclosed by domestic U.S. reporting companies subject to the
reporting and disclosure requirements of the SEC. Accordingly,
information concerning mineral deposits set forth herein may not be
comparable with information made public by companies that report in
accordance with U.S. standards.
2022 number 12
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SOURCE Kootenay Silver Inc.