VANCOUVER, BC, March 22, 2022 /CNW/ - Kootenay Silver
reports its JV with Aztec on the Cervantes Property continues to
hit shallow and long intervals of oxide gold
mineralization,
California Zone Drill Highlights from mineralized quartz
feldspar porphyry and hydrothermal breccias.
CAL22-008
- 0.884 gpt Au over 54.7 m
including 13.7 metres of 1.965 gpt Au in, located at the
southeastern edge of the mineralized zone
CAL22-009
- 0.50 gpt Au over 86.6 m at
the southern edge of the central portion of the mineralized
zone
CAL22-010
- 0.53 gpt Au over 138.3 m
including 10.67 m of 1.622 gpt
Au in, located in the central portion of the mineralized
zone
View
drill sections:
|
Link to section view
hole CAL22-008
|
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|
Link to section view
hole CAL22-009
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|
Link to section view
hole CAL22-010
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Reported lengths are apparent widths, not true widths, and the
observed gold mineralization appears to be widely distributed in
disseminations, fractures and veinlets within quartz-feldspar
porphyry, feldspar porphyry stocks and related hydrothermal
breccias.
Kootenay CEO James McDonald says
"The Cervantes project continues
to deliver wide intervals of oxide gold mineralization that remain
open in all directions. The area now covers about 900 meters by 250
to 500 meters to a depth of 265 meters. We are looking forward to
the remaining 8 holes of the current program."
California
2022 RC Drill Program Plan Map
Drill
Hole
|
From
m
|
To m
|
Interval
m*
|
Au
gpt
|
Comments
|
CAL22-001
|
22.86
|
111.3
|
88.41
|
1.1
|
230 Az, -60
|
Including
|
22.86
|
77.74
|
54.88
|
1.56
|
|
|
30.49
|
45.73
|
15.24
|
3.962
|
|
|
30.49
|
36.57
|
6.08
|
7.44
|
|
|
|
|
|
|
|
CAL22-002
|
0
|
108.2
|
108.2
|
0.374
|
225 Az, -60
|
|
|
|
|
|
|
CAL22-003
|
45.7
|
91.5
|
45.7
|
0.451
|
233 Az, -60
|
Including
|
60.9
|
74.7
|
13.7
|
0.868
|
|
|
|
|
|
|
|
CAL22-004
|
0
|
167.2
|
167.2
|
1.002
|
236 AZ, -59
|
Including
|
131.1
|
155.5
|
24.4
|
4.247
|
|
|
|
|
|
|
|
CAL22-005
|
0
|
136.8
|
136.8
|
1.486
|
236 Az, -59
|
Including
|
54.88
|
106.7
|
51.68
|
3.424
|
|
|
|
|
|
|
|
CAL22-006
|
16.77
|
117.38
|
100.32
|
0.75
|
229 Az, -60
|
Including
|
16.77
|
25.91
|
9.14
|
3.087
|
|
|
|
|
|
|
|
|
128.05
|
140.25
|
12.2
|
0.925
|
|
|
|
|
|
|
|
CAL22-007
|
32.01
|
39.63
|
7.6
|
0.684
|
225 Az, -59
|
|
|
|
|
|
|
|
83.84
|
147.87
|
63.84
|
0.422
|
|
|
|
|
|
|
|
CAL22-008
|
0
|
54.72
|
54.72
|
0.884
|
212 Az,
-58
|
Including
|
36.58
|
50.3
|
13.72
|
1.965
|
|
|
|
|
|
|
|
|
187.5
|
195.1
|
7.6
|
0.745
|
|
|
|
|
|
|
|
CAL22-009
|
0
|
86.64
|
86.64
|
0.5
|
235 Az,
-60
|
|
|
|
|
|
|
CAL22-010
|
0
|
138.32
|
138.32
|
0.53
|
227 Az,
-52
|
Including
|
50.3
|
60.98
|
10.67
|
1.622
|
|
|
|
|
|
|
|
The primary focus of the Phase 2 RC drill program at
Cervantes is to expand the
previously drilled California zone
by completing two drill hole fences parallel to and on either side
of the 2017-18 Phase 1 drill hole fence. To-date, every hole
drilled at California has
intersected near surface, oxidized gold mineralization with minor
copper oxides.
Drill samples cuttings are collected every 5 feet (1.52m) from all drill holes. The samples are
analyzed by Bureau Veritas for gold with a 30-gram sample size
using the method FA430 followed by MA300. Over limits, when
present, are analyzed by AR404 or FA550. All holes contain
certified blanks, standards, and duplicates as part of the quality
control program. The QA/QC has delivered excellent results to date
good data integrity. The samples are shipped to and received by
Bureau Veritas Minerals laboratory for the gold and multielement
geochemical analysis and additional gold results will be received
and reported in the next several weeks. Final multielement
ICP results are expected to follow the release of the preliminary
gold assays and are expected to be received during the second
quarter 2022.
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.
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
March 21, 2022. 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.
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SOURCE Kootenay Silver Inc.