VANCOUVER, BC, May 5, 2022
/CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the
"Company" or "Kootenay") is pleased to announce JV operator
Aztec Minerals Corp. has released additional drill results
on the California target, which
continue to return broad gold mineralization from the 2022 RC drill
program being completed at the Cervantes property located in Sonora, Mexico.
California Zone Highlights
- CAL22-015 returned 0.421 gpt gold over 68.4
meters and a deeper interval of 2.246 gpt gold over 10.6
meters.
- CAL22-016 returned 0.475 gpt gold over 56.2
meters. The first multi-element ICP results show good
relationships between Au, Cu, Bi, Ag and As, with prospective
grades and widths for Cu and Ag for a potential porphyry deposit
model.
- CAL22-015 is located at the southeastern edge of the
California zone and CAL22-016 is
located at the northeastern edge. Both holes intercepted
mineralized porphyries and hydrothermal breccias.
- CAL22-017 returned 0.32 gpt gold over 24.3 meters and 1.65 gpt
gold over 6.1 meters in porphyry, sediments and hydrothermal
breccia 350 meters north of California target.
Additionally, at the Jasper target a new zone of copper
mineralization was intercepted in drilling.
Widespread visible copper oxides and sulfides occur over 150
meters in quartz feldspar porphyry intrusion in RC drill hole at
Jasper target 600 meters west of California Zone at Cervantes in CAL22-017
Hole JAS22-001, 600 meters west of California Zone, hit
widespread visible copper oxide and secondary sulfide
mineralization over 150 meters of quartz feldspar porphyry
intrusion, including 0.332 gpt gold over 9.1 metres.
The first ICP results have been returned and show some very good
copper and gold grades. For example, CAL22-001 has 0.21% copper
and 1.1 gpt gold over 88.4 meters including 0.45% copper and
3.92 gpt gold over 15.2 meters. The ICP results are consistent
with a copper-gold porphyry system.
View drill section here:
Holes CAL22-015, 016, 017
Link to section view hole JAS22-001
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.
California 2022 RC Drill
Program Plan Map
Jasper Zone Location Map
Table 1: Select Multi-Element Results with Gold
Hole
|
From
|
To
|
Interval
|
Gold
|
Copper
|
Silver
|
No.
|
(m)
|
(m)
|
(m)
|
gpt
|
%
|
gpt
|
CAL22-01
|
22.9
|
111.3
|
88.4
|
1.1
|
0.206
|
3.347
|
|
30.5
|
45.7
|
15.2
|
3.962
|
0.455
|
9.118
|
|
|
|
|
|
|
|
CAL22-02
|
4.6
|
103.7
|
99.1
|
0.374
|
0.036
|
0.568
|
|
|
|
|
|
|
|
CAL22-03
|
45.7
|
91.5
|
45.7
|
0.451
|
0.118
|
3.14
|
|
60.9
|
74.7
|
13.7
|
0.868
|
0.286
|
8.378
|
|
|
|
|
|
|
|
CAL22-04
|
0
|
167.2
|
167.2
|
1.002
|
0.063
|
1.804
|
|
131.1
|
155.5
|
24.4
|
4.247
|
0.092
|
2.527
|
|
|
|
|
|
|
|
CAL22-05
|
0
|
136.8
|
136.8
|
1.486
|
0.083
|
2.393
|
|
54.9
|
106.7
|
51.7
|
3.424
|
0.1305
|
3.34
|
Table 2: RC Drilling Results (Gold Only)
Drill Hole
|
From (m)
|
To (m)
|
Interval (m)
|
Gold 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
|
|
|
|
|
|
|
CAL22-015
|
4.6
|
73.0
|
68.4
|
0.421
|
204 Az,
-59
|
|
|
|
|
|
|
|
117.4
|
128.0
|
10.6
|
2.246
|
|
|
|
|
|
|
|
CAL22-016
|
0
|
56.2
|
56.2
|
0.475
|
207 Az,
-58
|
|
|
|
|
|
|
|
79.3
|
93.0
|
13.7
|
0.347
|
|
|
|
|
|
|
|
CAL22-017
|
29.0
|
53.3
|
24.3
|
0.315
|
251 Az,
-60
|
|
|
|
|
|
|
|
115.8
|
121.9
|
6.1
|
1.649
|
|
|
|
|
|
|
|
The Aztec-Kootenay JV has now completed its Phase 2 Reverse
circulation (RC) program of 26 holes, totaling 4,649 metres at the
Cervantes Property.
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 review for all drilling has been
completed with excellent results showing 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 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
May 4, 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.