VANCOUVER, BC, Sept. 8,
2022 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)
(the "Company" or "Kootenay") is pleased to announce
the final batch of results from its Phase 4 drilling program at
Columba High-Grade Silver Project in Chihuahua State, Mexico. Results from eleven drill holes are
reported here including seven from D Vein and four holes testing B
Vein.
The current diamond drill exploration program was designed to
step out on mineralized veins along strike and to depth within the
target-rich Columba Silver Project, the program was paused due to
slow turnaround of assays. Results herein represent the balance of
assays awaited. Based upon the reported Phase 4 results, Kootenay
has initiated design of an expanded drill program to target high
priority veins to assess the large magnitude of the mineralized
system at Columba. The F, D and B Veins will be targeted with
step out along strike and to depth and numerous untested
high-priority areas at Columba. Nearly all drill results across the
project remain open to expansion.
The results below successfully extend known mineralization along
strike and beneath existing drilling at both the D Vein and B Vein
targets. The new results from Columba continue to demonstrate
wide intervals of significant silver mineralization in wallrock
zones adjacent the target veins, a feature often seen in
mineralized drill intercepts across the project.
Drill Highlights:
D
Vein
CDH-22-125
- 34.45 meters of 540 gpt silver with 0.26 gpt gold, 0.37%
lead and 1.56% zinc in a wide stockwork zone includes:
-
- 9.7 meters of 1,746 gpt silver, 0.88 gpt gold, 1.11 % lead
and 5.2% zinc in D Vein with;
- 2.45 meters of 5,840 gpt silver, 3.0 gpt gold, 3.08% lead
and 17.25% zinc, a project best intercept to date.
- Extends wide high grade 90 meters directly beneath
previously announced high grade intercept (CDH-21-110) with 17.8
meters of 650 gpt silver, 0.98% lead and 2.2% zinc within 29 meters
of 453 gpt silver, 0.6% lead and 1.43% zinc.
- Total vertical extent of D Vein mineralization now 300
meters.
CDH-22-127
- 0.98 meters of 788 gpt silver, 0.64% lead and 1.33%
zinc.
CDH-22-128
- 2.0. meters of 520 gpt silver within 20 meters of 136 gpt
silver.
CDH-22-131
- 4.86 meters of 311 gpt Silver within 150 gpt
silver over 16 meters.
- Extends D Vein 100 meters along strike to the southeast from
previous drilling.
- Marks high-level expression of mineralized system at D Vein, an
interpreted high-grade horizon preserved at depth.
B Vein
CDH-22-134
- Intersected broad zone of mineralization though the B Vein
corridor including 1.5 meters of 251 gpt silver, 0.1% lead and
0.15% zinc
- Extends B Vein to the southeast, provides a test of the upper
levels of the interpreted epithermal system.
- Lower grade expected as hole was drilled to confirm dips with a
shallow test above expected high grade zone.
Link to D Vein (long section, drill plan) and B Vein (long
section, drill plan)
Kootenay Silver's President and CEO Mr. James McDonald stated "The intersection in hole
125 confirms D Vein as a significant structure at Columba. Drilling
since 2019 has returned high grade silver hits over excellent
widths from veins across the property and we are eager to further
advance the project with an aggressively expanded drilling program
in the near future. Having traced the vein system over an area of
three-by-four kilometers and seeing continuity of high grades and
widths in areas like the D Vein underscore for us the potential for
100 plus million ounces of silver"
D Vein is a northwest striking, silver-bearing epithermal style
vein with associated mineralized quartz stockwork and hydrothermal
breccia. The vein has been drilled over a strike length of
425 meters to a depth of roughly 340 meters, the mapped extent is
around 1,300 meters. Numerous mineralized structures are noted
across the property, and all remain open for extension.
Kootenay is developing an expanded drilling program to prioritize
and continue to expand the mineralized footprint at Columba.
Holes from D Vein reported below (CDH-22-125 to CDH-22-129,
CDH-22-131 and CDH-22-135) are part of a systematic exploration
program designed to test high priority veins at Columba. The
high-grade intercept in CDH-22-125 is located 50 meters below the
nearest drill intercept to date. The intercept in CDH-22-135,
the furthest drilling to the southeast, encountered the target at a
high level in the system and as such was expected to be above the
high-grade zone, indicating additional high-priority targets at
depth.
B Vein is a southeast striking quartz vein in the southeastern
quadrant of the main Columba drilling area. Surface work has
identified the B Vein structure for up to 1,700 meters and to date
B Vein has been drilled over a lateral distance of 270 meters. The
best intercept at B Vein to date is of 4.6 meters averaging 1,186
gpt silver from drill hole CDH-20-082.
D VEIN
RESULTS
|
|
|
|
|
|
|
|
|
Hole
ID
|
From
(meters)
|
To
(meters)
|
Interval
(meters)1
|
Silver
(gpt)
|
Gold
(gpt)
|
Pb
(%)
|
Zn
(%)
|
Geologic
Description
|
CDH-22-125
|
183.0
|
184.83
|
1.83
|
158
|
|
0.06
|
0.20
|
Hydrothermal
breccia
|
AND
|
269.6
|
304.0
|
34.45
|
540
|
0.26
|
0.37
|
1.56
|
Hydrothermal breccia, D
vein
and quartz stockwork
|
Including
|
283.1
|
292.8
|
9.70
|
1746
|
0.88
|
1.11
|
5.20
|
D Vein
System
|
(sub
interval)
|
283.1
|
289.7
|
6.60
|
2498
|
1.28
|
1.59
|
7.47
|
D Vein
System
|
(sub
interval)
|
286.0
|
288.5
|
2.45
|
5840
|
3.00
|
3.08
|
17.25
|
D Vein
|
CDH-22-126
|
230.0
|
244.63
|
14.63
|
135
|
|
0.08
|
0.18
|
Quartz Stockwork in
rhyolite, D
vein
|
Including
|
238.0
|
244.0
|
6.03
|
234
|
|
0.15
|
0.31
|
D Vein
|
(sub
interval)
|
243.6
|
244.0
|
0.43
|
915
|
|
0.35
|
0.54
|
D Vein
|
AND
|
247.4
|
248.3
|
0.84
|
137
|
|
0.18
|
0.32
|
Quartz Stockwork in
rhyolite, D
vein
|
CDH-22-127
|
254.72
|
255.7
|
0.98
|
788
|
|
0.64
|
1.33
|
D Vein
|
AND
|
262.0
|
263.0
|
1.0
|
103
|
|
0.04
|
0.13
|
Quartz Stockwork in
rhyolite, D
vein
|
AND
|
275.0
|
276.0
|
1.0
|
136
|
|
0.01
|
0.11
|
Quartz Stockwork in
rhyolite, D
vein
|
CDH-22-128
|
245.0
|
265.0
|
20.0
|
136
|
|
0.09
|
0.22
|
D Vein
System
|
Including
|
249.0
|
251.0
|
2.0
|
520
|
0.33
|
0.03
|
0.07
|
D Vein
|
AND
|
276.0
|
277.0
|
1.0
|
277
|
|
0.34
|
1.24
|
Quartz Stockwork in
rhyolite
|
AND
|
282.0
|
284.0
|
2.0
|
136
|
|
0.58
|
1.29
|
Footwall
vein
|
CDH-22-129
|
No
|
Significant
|
Results
|
|
|
|
|
D Vein
|
CDH-22-131
|
107.0
|
123.0
|
16.00
|
150
|
|
0.07
|
0.2
|
D Vein
System
|
Including
|
116.0
|
120.9
|
4.86
|
311
|
|
0.17
|
0.38
|
D Vein
|
(sub
interval)
|
118.0
|
118.6
|
0.59
|
603
|
|
0.02
|
0.13
|
D vein
|
CDH-22-135
|
104.89
|
108
|
3.11
|
100
|
|
156
|
285
|
D Vein
|
Including
|
106.05
|
106.92
|
0.87
|
234
|
|
210
|
180
|
D Vein
|
B VEIN
RESULTS
|
|
|
|
|
|
|
|
|
CDH-22-130
|
No
|
Significant
|
Results
|
|
|
|
|
B Vein
|
CDH-22-132
|
No
|
Significant
|
Results
|
|
|
|
|
B Vein
|
CDH-22-133
|
No
|
Significant
|
Results
|
|
|
|
|
B Vein
|
CDH-22-134
|
233.4
|
240
|
6.6
|
109
|
|
349
|
1216
|
B Vein
System
|
Including
|
235.5
|
237
|
1.5
|
251
|
|
1030
|
1510
|
B Vein
System
|
AND
|
253.5
|
254
|
0.5
|
279
|
|
1330
|
2060
|
B Vein
System
|
1True widths
are estimated at between 65% an 85% of the downhole
lengths.
|
A comprehensive list of drill results completed on the Columba
Property since 2019 may be viewed here: Columba Drill Results.
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.
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
September 7, 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 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.
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SOURCE Kootenay Silver Inc.