VANCOUVER, BC, May 6, 2021 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce assay results from the first six core drill holes
completed from its 2021 drill program at its Columba high-grade
silver project (the "Property") located in Chihuahua State,
Mexico.
Kootenay President & CEO, James McDonald, stated "We continue
to be extremely pleased as we see the first drill results of 2021
start to come in. The first six holes continue to show grade and
continuity of the F Vein in large untested gaps with grades to
899 gpt silver and 559 gpt silver in the Hanging Wall
and F Vein respectively".
Drill Highlights:
CDH-21-90
- 503 gpt silver over 1.2 meters including 889 gpt silver over
0.55 meters in the Hanging Wall Vein
- Hole CDH-21-90 is a shallow test about 65 meters below surface
and includes 2.4 meters of 245 gpt silver including 365 gpt
silver over 0.6 meters in the F Vein.
CDH-21-89
- 439 gpt silver over 2.7 meters including 533 gpt silver over
0.57 meters and 511 gpt silver over 0.65 meters in the F
Vein.
- The high grade sits within a wide interval of 162 gpt silver
over 15.45 meters
- 411 gpt silver over one meter within 4 meters of 233 gpt
silver in a footwall vein to the F Vein
- Hole CDH-21-89 is important as it tests a large 100 by
150-meter gap in drilling where six peripheral drill holes
encountered grades from 456 gpt over 1.5 meters (CDH-20-45)
to 782 gpt over 1.05 meters (CDH-20-47) and 755 gpt
silver over 1.75 meters (CDH-19-12) some 75 meters below. See
the longitudinal section for reference.
CDH-21-87
- 559 gpt silver over 1.09 meters within 4 meters of 200 gpt
silver in the F Vein
- CDH-21-87 was filling an untested area in the F Vein of about
100 by 75 meters where 5 peripheral holes hit grades ranging from
456 gpt over 1.5 meters (CDH-20-45) to 911 gpt silver
over 1.4 meters (CDH-20-46). See the longitudinal section for
reference.
Click the following links to view: Plan
Map and Long
Section for holes CDH-21-085 to CDH-21-090
Detailed Drill Results – Holes CDH-21-085 to
CDH-21-090
Detailed results for all drill holes completed to date at the
Columba high grade silver project can be viewed by clicking the
following link: Columba Drill Results
Drill Results Table
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Intersection
|
CDH-21-085
|
47
|
57
|
10.0
|
67
|
-
|
-
|
F vein + Stock
work
|
Includes
|
49
|
50.3
|
1.3
|
254
|
-
|
-
|
F vein
|
CDH-21-086
|
2.35
|
7
|
4.65
|
54
|
-
|
-
|
Hanging-wall
vein
|
|
90
|
101.32
|
11.32
|
49
|
-
|
-
|
F vein + Stock
work
|
Includes
|
94
|
95.28
|
1.28
|
181
|
-
|
-
|
F vein
|
CDH-21-087
|
102
|
127
|
25.0
|
59
|
-
|
-
|
F vein + Stock
work
|
Includes
|
104
|
108
|
4.0
|
200
|
-
|
-
|
Includes
|
105.06
|
106.15
|
1.09
|
559
|
-
|
-
|
F vein
|
CDH-21-088
|
147
|
156
|
9.0
|
107
|
-
|
-
|
F vein + Stock
work
|
Includes
|
148.7
|
154
|
5.3
|
144
|
-
|
-
|
F vein
|
CDH-21-089
|
46.39
|
47.25
|
0.86
|
96
|
0.01
|
0.12
|
Hanging-wall
vein
|
|
140.1
|
155.55
|
15.45
|
162
|
0.08
|
0.37
|
F vein + Stock
work
|
Includes
|
140.1
|
147
|
6.9
|
285
|
0.16
|
0.76
|
Includes
|
140.1
|
142.8
|
2.7
|
439
|
0.35
|
1.52
|
F vein
|
Includes
|
140.1
|
140.67
|
0.57
|
533
|
0.265
|
1.505
|
F vein
|
Includes
|
141.35
|
142
|
0.65
|
511
|
0.468
|
1.225
|
|
169
|
173
|
4.0
|
233
|
0.03
|
0.44
|
Footwall
vein
|
Includes
|
169
|
170
|
1.0
|
411
|
0.027
|
0.05
|
CDH-21-090
|
88.45
|
89.65
|
1.2
|
503
|
0.09
|
0.22
|
Hanging-wall
vein
|
Includes
|
89.1
|
89.65
|
0.55
|
889
|
0.17
|
0.38
|
Hanging-wall
vein
|
|
115.7
|
119.64
|
3.94
|
185
|
0.1
|
0.22
|
F vein
|
Includes
|
116.45
|
118.85
|
2.4
|
245
|
0.13
|
0.28
|
Includes
|
117.4
|
118
|
0.6
|
365
|
0.209
|
0.551
|
|
130
|
131
|
1
|
165
|
0.06
|
0.19
|
Footwall
vein
|
Notes: All widths are drilled widths. At this time, it is
estimated true widths will range from 65 to 94% of drilled widths
depending on dip of the vein and inclination of the hole. All
silver composites rounded to the nearest whole number.
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.
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
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, 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.
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, 2021. 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/kootenay-hits-several-high-grade-intercepts-in-the-hanging-wall-and-f-vein-at-columba-project-mexico-301285286.html
SOURCE Kootenay Silver Inc.