VANCOUVER, BC, June 14,
2022 /CNW/ - Kootenay Silver (TSXV: KTN) is
pleased to announce JV operator Aztec Minerals Corp. (TSXV:
AZT) has reported the final gold and multi-element results for
the Cervantes Project 2021-2022 Reverse Circulation (RC) Phase 2
drill program in Sonora, Mexico.
The program involved 26 RC drill holes with a combined total of
5,249 meters that tested four targets (California, California North, Jasper, and
Purisima East).
The Cervantes project is a
65/35 joint venture with Kootenay holding a 35% participating
interest.
Highlights from final drill results
- Results for Hole CAL22-018—a deep probe to test the large IP
chargeability anomaly of the California zone, reached a total depth of
264.48 meters before caving.
-
- It penetrated the near surface oxide gold-copper mineralization
and transitioned into a higher sulfide-silica alteration zone with
significantly higher molybdenum and copper values.
- Visible, estimated pyrite contents increased from ~ 1% to ~3-5%
avg
- Copper increased from a 51 ppm avg to 578 ppm avg
- This zone high in pyrite is consistent with pyrite shells
associated with copper porphyry mineralization.
- The multi-element ICP results show good relationships between
Au, Cu, Bi, Ag and As, with prospective grades and widths of Cu and
Ag supporting a potential porphyry deposit at depth.
- Continued intercepts of anomalous gold mineralization in the
California zone
- Multi-Element ICP results received for Cervantes drill holes
Results form the California
target continue to return anomalous gold mineralization.
View drill section here: California Drill Section
CAL22-018
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, quartzites and related
hydrothermal breccias.
Click to view: California Longitudinal Section and California 2022 Drill Plan Map
Holes CAL22-018, 019, 020, and 021 intersected anomalous gold
mineralization, extending the known mineralized zone at depth, and
to the north, east and south of the California zone. The now completed RC Phase 2
drilling program covers an area measuring approximately 900 meters
long by 250 to 500 meters wide, with demonstrated, continuous
anomalous mineralization up to 265 meters depth vertically. The
porphyry gold-copper mineralization is open in all directions.
Table 1. Select Multi-Element Results of Cervantes Phase 2
Drill Program
Hole
No.
|
From
|
To
|
Interval
|
Gold
(gpT)
|
Copper
(%)
|
Silver(gpT)
|
Molybdenum
PPM
|
|
m
|
m
|
m
|
|
|
|
|
CAL22-001
|
16.72
|
110.96
|
94.24
|
1.038
|
54.72m/0.361
|
72.96m/4.112
|
|
|
|
|
|
|
|
|
|
CAL22-002
|
4.6
|
103.36
|
98.76
|
0.374
|
16.72m/0.153
|
41.04m/1.226
|
|
|
|
|
|
|
|
|
|
CAL22-003
|
45.6
|
91.2
|
45.6
|
0.422
|
63.84m/0.107
|
53.2m/2.946
|
|
|
|
|
|
|
|
|
|
CAL22-004
|
0
|
165.68
|
165.68
|
1.002
|
159.6m/0.065
|
167.2m/1.908
|
|
|
|
|
|
|
|
|
|
CAL22-005
|
0
|
136.8
|
136.8
|
1.486
|
118.56m/.091
|
118.56m/2.661
|
|
|
|
|
|
|
|
|
|
CAL22-006
|
16.72
|
117.04
|
100.32
|
0.749
|
138m/0.103
|
165.68m/3.243
|
|
|
|
|
|
|
|
|
|
CAL22-007
|
83.6
|
147.44
|
63.84
|
0.465
|
107.92m/0.079
|
89.68m/1.429
|
|
|
|
|
|
|
|
|
|
CAL22-008
|
0
|
54.72
|
54.72
|
0.884
|
33.4m/0.122
|
30.4m/2.36
|
|
|
|
|
|
|
59.28m/0.096
|
|
59.28m/59.65
|
|
|
|
|
|
|
|
|
CAL22-009
|
0
|
86.64
|
86.64
|
0.5
|
74.48m/0.138
|
76m/2.386
|
|
|
|
|
|
|
|
|
|
CAL22-010
|
0
|
138.32
|
138.32
|
0.53
|
95.76m/0.224
|
127.7m/3.567
|
|
|
|
|
|
|
|
|
|
CAL22-011
|
25.84
|
158.08
|
132.24
|
0.427
|
21.52m/0.053
|
66.88m/2.279
|
|
|
|
|
|
|
65.36m/0.053
|
65.36m/1.502
|
|
|
|
|
|
|
|
|
|
CAL22-012
|
41.04
|
193.04
|
152
|
0.872
|
123.12m/0.095
|
165.68m/3.463
|
|
|
|
|
|
|
|
|
|
CAL22-013
|
139.84
|
147.44
|
7.6
|
0.209
|
54.72m/0.055
|
74.48m/1.489
|
|
|
|
|
|
|
|
|
|
CAL22-014
|
0
|
54.72
|
54.72
|
0.484
|
31.92m/.0615
|
27.36m/1.361
|
|
|
|
|
|
|
|
|
|
CAL22-015
|
4.56
|
72.96
|
68.4
|
0.421
|
30.4m/.0622
|
21.28m/2.779
|
|
|
|
|
|
|
|
|
|
CAL22-016
|
0
|
56.24
|
56.24
|
0.475
|
25.84m/.0981
|
12.16m/2.325
|
|
|
|
|
|
|
|
|
|
CAL22-017
|
28.88
|
53.2
|
24.32
|
0.315
|
31.92m/0.045
|
12.16m/1.475
|
19.8m/209.8
|
|
|
|
|
|
50.2m/0.069
|
10.64m/2.771
|
74.48m/144.57
|
|
|
|
|
|
|
|
|
CAL22-018
|
24.32
|
48.64
|
24.32
|
0.216
|
53.2m/0.078
|
86.65m/2.174
|
|
|
191.52
|
202.16
|
10.64
|
0.273
|
68.4m/0.062
|
28.88m/1.116
|
39.52m/122.46
|
|
|
|
|
|
|
|
|
CAL22-019
|
153.52
|
167.2
|
13.68
|
0.269
|
16.72./0.0803
|
59.28m/1.549
|
7.6m/126.6
|
|
|
|
|
|
|
|
|
CAL22-020
|
15.2
|
18.24
|
3.04
|
0.321
|
|
4.56m/1.833
|
|
|
|
|
|
|
|
|
|
CAL22-021
|
100.32
|
104.88
|
4.56
|
0.409
|
3.04m/.0707
|
3.04m/2.2
|
|
|
|
|
|
|
|
|
|
JAS22-001
|
10.64
|
19.76
|
9.12
|
0.332
|
69.9m/0.215
|
65.4m/2.723
|
19.76m/144.92
|
|
|
|
|
|
200.6m/0.117
|
|
|
|
|
|
|
|
|
|
|
PUR21-001
|
16.72
|
19.76
|
3.04
|
0.323
|
51.68m/0.069
|
83.6m/1.942
|
|
|
|
|
|
|
|
|
|
PUR21-002
|
22.8
|
31.92
|
9.12
|
0.334
|
31.9m/0.168
|
3.04m/1.8
|
|
|
|
|
|
|
13.68m/0.076
|
|
|
|
|
|
|
|
|
|
|
PUR21-003
|
|
|
|
|
18.2m/0.0518
|
3.04m/1.5
|
|
|
|
|
|
|
|
|
|
PUR22-004
|
|
|
|
|
|
|
25.8m/325.35
|
The Aztec-Kootenay JV has now completed its Phase 2 RC program
of 26 holes, totaling 5,249 meters at the Cervantes
Property. Drilling commenced in December
2021. The primary objectives of the 2021 – 2022 phase 2
exploration program was 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.
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.
Aztec has recently completed drill hole collar surveying, field
work for Drone Photogrammetry survey created a detailed
ortho-topographic base map, and Terraspec readings on the RC drill
chips. Aztec is now carrying out channel sampling and geologic
mapping of the new drill roads at California, California Norte and Jasper,
relogged the 2017-2018 core, expand surface sampling and mapping on
the property in general to continue the 2021 phase 1 surface
program, and generate Leapfrog modeling of the geology,
geochemistry and geophysics.
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
June 14, 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.
2022 number 13
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SOURCE Kootenay Silver Inc.