- Initial gold results from 8 additional drill holes are
pending
VANCOUVER, BC, April 13, 2022 /CNW/ - Kootenay Silver
Inc. (TSXV: KTN) (the "Company" or "Kootenay") is
pleased to announce additional positive drill results from the
Aztec-Kootenay JV on the Cervantes Project located in Sonora, Mexico.
Results continue to intersect wide intervals of good grade gold
mineralization with every hole in the California Zone to date
hitting wide intervals of anomalous gold in mineralized quartz
feldspar porphyry and hydrothermal breccias.
CAL22-012 returned 152.4 metres grading 0.87 gpt Au
including 33.5 metres grading 2.05 gpt Au
California Zone Drill
Highlights
- CAL22-011
-
- 0.43 gpt Au over 132.2 meters, including 1.29 gpt Au
over 12.2 meters along the north central edge of the
mineralized zone.
- CAL22-012
-
- 0.87 gpt Au over 152.4 meters, including 2.05 gpt Au over
33.5 meters along the north central edge of the
mineralized zone.
- CAL22-014
-
- 0.48 gpt Au over 54.9 meters located at the
northern edge of the eastern portion of the mineralized zone
To-date, every hole drilled at California has intersected near surface,
oxidized gold mineralization with minor copper oxides. There are 8
more holes pending from the California zone including one pending from
each of the Jasper and California North targets.
View drill sections
here:
CAL22-011 to CAL22-014
California
2022 RC Drill Program Plan Map
Gold mineralization at the California zone now measures approximately 900
metres long by 250 to 500 metres wide, with demonstrated,
continuous mineralization up to 265 metres depth vertically. The
porphyry gold-copper mineralization is still open in all
directions.
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
|
|
|
|
|
|
|
|
CAL22-011
|
25.9
|
158.5
|
132.2
|
0.427
|
224 Az,
-59
|
Including
|
88.8
|
100.6
|
12.2
|
1.291
|
|
|
|
|
|
|
|
|
184.5
|
193.6
|
9.1
|
0.462
|
|
|
|
|
|
|
|
CAL22-012
|
41.2
|
193.6
|
152.4
|
0.872
|
228 Az,
-59
|
Including
|
117.4
|
150.9
|
33.5
|
2.048
|
|
|
|
|
|
|
|
CAL22-013
|
140.2
|
147.9
|
7.7
|
0.209
|
229 Az,
-60
|
|
|
|
|
|
|
CAL22-014
|
0
|
54.9
|
54.9
|
0.484
|
205 Az,
-58
|
|
|
|
|
|
|
Eight holes are awaiting assay results and will be reported
accordingly. The program of Reverse circulation (RC) drilling
totaled 26 holes and 4,649 metres. Four main target areas were
tested with objectives to better define the open pit, heap leach
gold potential of the porphyry oxide cap at California, evaluate the potential for
deeper copper-gold porphyry sulfide mineralization underlying the
oxide cap, test for north and west extensions of the California mineralization at California
North and Jasper, and assess the breccia potential of
Purisima East.
All widths are drilled widths, not true widths. Gold
mineralization appears to be widely distributed in disseminations,
fractures and veinlets within the quartz-feldspar porphyry and
related hydrothermal breccias.
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.
Cervantes Property Overview
Cervantes is a highly prospective porphyry
gold-copper property located in southeastern Sonora state, Mexico and is held under a joint venture with
Aztec Minerals (65%) and Kootenay Silver (35%) respectively. The
project lies 160 km east of Hermosillo,
Sonora, Mexico within the prolific Laramide porphyry copper
belt approximately 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo
Mexico). Cervantes also lies along
an east-west trending gold belt 60 km west of the Mulatos
epithermal gold mine (Alamos Gold), 35 km northeast of the Osisko
San Antonio gold mine, 45 km west of the La India mine (Agnico
Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos). View: Cervantes Project Location
Map
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. 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 Chihuahua, State and Sonora, State, Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS:
The information in this news release has
been prepared as of April 12,
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.