VANCOUVER, Oct. 3, 2017 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to report
that Aztec Minerals Corp. ("Aztec Minerals") today announced
additional trenching has returned attractive gold, copper, and
molybdenum grades at the Jasper prospect on Kootenay's Cervantes
Property in Sonora State, Mexico.
The property is one of Kootenay's generative projects and is under
option to Aztec Minerals.
Additional hand trenching was conducted between and beyond the
Penasco to the Cardon trenches,
linking and further extending copper, gold, and molybdenum
mineralization over a 71.0 meters linear distance in 92.35 meters
of trenching. The sample interval weighted average over 92.35
meters returned 0.52% copper, 0.62 gpt gold, and 76 ppm molybdenum
and continues to be open in all directions. Furthermore, the new
trenching exposed a 6.0 meters interval of 4.78 gpt gold with 0.44%
copper and 90 ppm molybdenum, in which several specks of visible
gold were identified.
The copper values over the 92.35 meter length range from 0.0295%
in highly leached quartz feldspar porphyry to 1.39% in copper oxide
hosted quartz feldspar porphyry and hornfelsed sediment with lower
hematite-goethite content. Over the same 92.35 meters, gold values
range from <0.005 gpt to 7.15 gpt and the molybdenum values
range from 5.2 to 249 ppm. Click the following link to view
the Cervantes exploration
maps.
Kootenay Silver looks forward to further trenching results from
Aztec Minerals on the Cervantes Property including drilling, which
is anticipated to begin towards the end of October 2017.
The full news release issued by Aztec Minerals on its most
recent trenching results can be found at:
http://aztecminerals.com/
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 which would leave Kootenay with a 2.5 %
NSR and a payment of US$5.00 per
ounce or gold equivalent based on a NI 43-101 Resource Estimate.
See Kootenay news release dated October 13,
2015.
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.
QA/QC
All samples, including certified
standards were submitted by Aztec Minerals to Bureau Veritas
Laboratories in Hermosillo,
Sonora. Samples were measured over 1.5 to 2.0 meter
intervals by measuring tape in hand dug trenches or across
outcrops. Channeled rock was placed in plastic bags and labeled on
both sides. Sample weights range from 4.0 to 7.0kg with a 5.9kg
average. Sample tags were placed in the trenches to denote their
location and a handheld GPS unit collected coordinates. The samples
were driven in a company vehicle from the project directly to the
laboratory in Hermosillo by the
QP. All samples were analyzed by a 30 gram fire assay fusion with
an AAS finish followed by a 45 element 4-acid ICP-MS analysis.
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
October 3, 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.
