VANCOUVER, BC, Aug. 26, 2021
/CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the
"Company" or "Kootenay") is pleased to report the
discovery of a potential new high-grade zone known as the East
Block within the Columba Silver Project, located in Chihuahua
State, Mexico. During expansion
drilling east of the JZ Zone as part of the 2021 phase 3 drill
program, Hole CDH-21-101 returned results indicative of high-grade
areas on the Property seen in the F, B and D Veins and JZ zone.
Phase 3 drilling is complete with 12 holes from the JZ Trap area, B
and D Veins that remain to be reported. Further results will be
released once final assays are received.
Drill Highlights to Hole CDH-21-101
- 459 gpt silver over 1.6 meters including
-
- 1,190 gpt silver over 0.5 meters and
- 127 gpt silver over 1.1 meters
Jim McDonald, CEO &
President, states "Congratulations to our team for the
outstanding geologic work leading to an exciting new area with high
grade silver potential. This extension to the Columba veining
occurs under the surface of an area which appears to be barren and
adds to the numerous other high-grade zones and potential
identified to date. We look forward to further testing of this
exciting new area.
Detailed Drill Results – CDH-21-097 to
CDH-21-101
Hole ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Pb (%)
|
Zn (%)
|
Geologic
Intersection
|
CDH-21-097
|
98
|
100
|
2
|
33
|
0.047
|
0.05
|
Fault Zone
|
CDH-21-098
|
88.45
|
89.47
|
1.02
|
32
|
0.01
|
0.3
|
Fault Zone
|
CDH-21-099
|
126.41
|
127.58
|
1.17
|
61
|
0.011
|
0.08
|
Hydrothermal
breccia
|
|
207
|
209
|
2
|
30
|
0.031
|
0.04
|
Rhyolite some
oxidation
|
CDH-21-100
|
No Significant
Values
|
|
CDH-21-101
|
208.5
|
210.1
|
1.6
|
459
|
0.23
|
4.00
|
Fault zone with tiny
quartz stockwork (East Block)
|
including
|
208.5
|
209
|
0.5
|
1,190
|
0.588
|
3.93
|
including
|
209
|
210.1
|
1.1
|
127
|
0.08
|
0.152
|
Notes: Notes: All widths are drilled widths. At
this time the true width is not yet known in this new area as more
holes are needed. All silver composites rounded to the nearest
whole number.
Links to Cross Section of Hole CDH-21-101 and plan map.
Mapping by Kootenay's geological team recognized that the
Columba vein system continues further east across a fault which
puts the system slightly deeper than previously considered. Five
holes were drilled into this block to see if the narrow structures
at surface with weak silver content contained significant quartz
veining with grade deeper down. This is a pattern associated with
several other veins found throughout the property. The deeper of
the five holes hit high grade silver over 1,000 gpt indicating the
East Block follows the mineral pattern confirmed elsewhere on the
property where silver grades improve with depth. Four of the five
drill holes hit silver mineralization, indicating good potential
for expanding the size of the high-grade East Block area at
Columba. Mapping showed a strike extension of 350 to 500 meters in
four different parallel structures.
Additional drilling is required in the East Block to confirm the
presence of a high-grade deposit. However, there is opportunity to
significantly expand the size of the Project's impressive potential
in a new and previously untouched area.
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
August 25, 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.
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SOURCE Kootenay Silver Inc.