VANCOUVER, BC, Oct. 14, 2021 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce it has significantly increased its land holdings
contiguous to the original Columba High-Grade silver Project,
located in Chihuahua State, Mexico. The Company's new area of
interest will now expand from just under 1,000 hectares to more
than 10,000 hectares with the application of a new concession
surrounding the Columba project.
James McDonald, President
& CEO, commented "We are very pleased to substantially
increase our land position surrounding the original Columba
project, which continues to yield high-grade silver intercepts from
several areas on the property. As a result, the Company
believes the newly expanded Columba land package represents an
excellent district-scale exploration opportunity that will provide
potential for high-grade silver discoveries."
Application for the new 10,825 hectare concession is in response
to the excellent results from the Company's 2021 exploration
program indicating that the mineral system and extent of silver
rich veins is much more extensive than what is seen at surface.
Results from drilling and mapping completed by the Company
have significantly extended several potential mineralized
structures laterally along strike within several prospective areas
Recently released drill holes such as CDH-21-103 from the JZ
Trap zone have increased management's belief in the potential for a
large resource of high-grade silver and the desire for more mineral
CDH-21-103 (see press release dated October 6, 2021) intercepted 2,035 gpt silver
over 6 meters within 808 gpt silver over 17 meters and a wider
width interval of 333 gpt silver over 44 meters, in the JZ Vein
Area; representing a very prospective high-grade target at Columba.
Additional drill highlights in the JZ Area include intercepts found
in hole CDH-20-030 (415 gpt silver over 11.15 meters including
721 gpt silver over 4.07 meters) and hole CDH-20-060 (132
gpt silver over 64 meters including 361 gpt silver over 11 meters
including 608 gpt silver over 5.0 meters, and 1,160 gpt silver over
1.0 meters all within 229 gpt silver over 22 meters).
Two other areas of immediate interest for the Company at Columba
include the F Vein and B Vein Areas. Highlights of previous
drilling along the F Vein including its hanging-wall system include
holes CDH-19-041 (650 gpt silver over 7.45 meters within a wider
interval of 159 gpt silver over 39.9 meters) and CDH-20-051
(865 gpt silver over 2 meters within a wider interval of 317 gpt
silver over 6 meters in the hanging-wall vein adjacent to the F
Vein). Potential of the B Vein is highlighted by hole
CDH-20-084 which returned a high-grade drill interval of 1,186
gpt silver over 4.6 meters within a wider interval of 112 gpt
silver over 70.5 meters.
Click to view all Columba drill results to date.
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, Sonora,
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
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,
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
The information in this news release has been prepared as at
October 13, 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
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
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.