VANCOUVER, BC, Dec. 16, 2021 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to
announce drill results from the final three holes of the 2021 Phase
3 program on the Columba High-Grade Silver Project (the "Property")
in Chihuahua State, Mexico. These
last 3 holes tested the B Vein, located in the southwest portion of
the Property. Previous results from the B Vein were released on
January 20, 2021 (Phase 2 Drill
program). The Phase 3 program drilled a total of 5,782 meters.
The B Vein is approximately 400 meters East of the D Vein,
another promising high-grade area that recently produced the best
results on the Property to date (News Release November 3, 2021). Initial testing on the B Vein
was performed during 2020 with 3 holes drilled. Previously released
highlights include Hole CDH-20-082 returning 1,186 gpt
silver over 4.6 meters within 691 gpt silver over 9
meters and 112 gpt silver over 70.5 meters.
James McDonald Kootenay's
President and CEO states, "The B Vein is continuing to
yield impressive grades and widths. These results are amongst the
best on the Property and as such we view the B Vein as having
excellent potential for the discovery of large, mineralized zones
within the vein."
Gustavo Gallego, Kootenay's
Chief Geologic Engineer commented, "The B vein system is very
promising, like all the targets drilled to date in Columba,
drilling has returned excellent values with very interesting
widths. We have tested a little more than 200 meters in length of
this system and up to 200 meters in depth with drilling. On the
surface we did not find high values of silver, however important
grades begin approximately 100 meters deep, which gives us
confidence that almost the entire epithermal system is preserved
from erosion. With the 1:500 scale mapping program we have managed
to extend this area by up to 600 meters on strike with vein widths
of up to 1 meter on the surface. We look forward to the phase 4
program to begin drilling to expand this entire zone."
Grades found within these final holes, Holes CDH-21-111 to
CDH-21-113, coincide well with the results reported earlier this
year for the B Vein.
Drill Highlights:
CDH-21-111
- 105 gpt silver over 5.29 meters including;
- 190 gpt silver over 2.15 meters.
CDH-21-112
- 219 gpt silver over 29.5 meters including
-
- 434 gpt silver over 13.05 meters including;
- 1,050 gpt silver over 2 meters within 667 gpt silver over 7.05
meters.
CDH-21-113
- 156 gpt silver over 3.5 meters; and
- 628 gpt silver over 1.1 meters within 393 gpt silver over 2.05
meters.
Click to view CDH-21-111 to CDH-21-113 plan map and cross
sections.
Detailed Drill Results – CDH-21-111 to
Drill-21-113
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Silver
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Intersection
|
CDH-21-111
|
155.71
|
161
|
5.29
|
105
|
0.04
|
0.06
|
B vein stockwork
& veinlets
|
Including
|
157.85
|
160
|
2.15
|
190
|
0.07
|
0.10
|
Including
|
157.85
|
158.5
|
0.65
|
387
|
0.19
|
0.12
|
B vein
system
|
CDH-21-112
|
98.6
|
99.9
|
0.70
|
125
|
0.05
|
0.09
|
Quartz
stockwork
|
|
133
|
133.65
|
0.65
|
174
|
0.07
|
0.15
|
B2 quartz barite
vein
|
|
197.5
|
227
|
29.50
|
219
|
0.06
|
0.12
|
B vein +
stockwork
|
Including
|
205
|
218.05
|
13.05
|
434
|
0.14
|
0.22
|
B vein
system
|
Including
|
211
|
218.05
|
7.05
|
667
|
0.25
|
0.26
|
Including
|
212
|
214
|
2.00
|
1,050
|
0.43
|
0.23
|
Including
|
214
|
215
|
1.00
|
781
|
1.0
|
0.1
|
CDH-21-113
|
149.5
|
153
|
3.50
|
156
|
0.06
|
0.15
|
B vein
stockwork
|
Including
|
150.7
|
151.3
|
0.60
|
574
|
0.23
|
0.34
|
|
245.5
|
300.4
|
54.90
|
47
|
0.01
|
0.06
|
Including
|
254.5
|
257.5
|
3.00
|
114
|
0.01
|
0.1
|
B vein
system
|
Including
|
293.95
|
296
|
2.05
|
393
|
0.03
|
0.28
|
Including
|
293.95
|
295.05
|
1.10
|
628
|
0.05
|
0.41
|
All widths shown
are drilled widths. True widths are estimated to be between 55% and
70% of drilled widths based on the interpreted dip and strike of
the veins.
|
The Kootenay geological team is now focused on developing a
drill program for the coming year to test the promising high-grade
zones, including the B Vein, more extensively.
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
December 15, 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 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/kootenay-silver-intercepts-1-050-gpt-silver-over-2-0-meters-within-667-gpt-silver-over-7-05-meters-with-final-2021-drill-holes-on-columba-high-grade-silver-project-301446141.html
SOURCE Kootenay Silver Inc.