Kootenay Silver Inc. (TSX-V: KTN.V) is pleased to announce the completion of its Phase I drill program on its new La Negra Breccia Silver Discovery, situated approximately 6.5 kilometers north of Kootenay’s flagship Promontorio Silver Resource in Sonora, Mexico.
Current drilling included 18 additional HQ diameter core holes that were drilled along an approximate 400 meter strike length, for a total of 25 holes drilled in the Phase I program. An announcement on assay results will be made once results are received and compiled. The Company anticipates announcing results from the remaining 18 holes of the Phase I program by the end of November 2014.
States Kootenay President and CEO James McDonald “We are very pleased to conclude the final 18 holes of our Phase I drill program on La Negra. Our goal is to continue to fast-track drilling and development on La Negra. Once current assays results are received, the next step will be to collate and interpret the additional results in a 3D model and design. Once concluded, we plan to immediately proceed to a Phase II drill program with the objective of producing a NI 43-101 resource on La Negra at the earliest opportunity.”
Phase I Drill Program
Drilling in the Phase I program was conducted in widely spaced fences along 400 of 500 meters of La Negra’s length to provide information on the sub-surface grade, continuity and geometry of the mineralized Breccia system. Current holes were broadly spaced as single holes or fences of holes from the same platforms in 50 to 115 meter spacings along strike. Breccia and stockwork were encountered along the strike length and dips seem to vary from steep northerly dips to moderate southerly dips. The Phase I drill program included approximately 3100 meters of core drilling. A total of 25 HQ diameter core holes were drilled and completed.
La Negra Silver Discovery
The La Negra Beccia prospect is situated approx. 6.5 kms north of Kootenay’s flagship Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the ‘Promontorio Mineral Belt.’ The current Phase I drill program on La Negra follows a highly successful trenching and surface sampling program that confirmed widespread silver mineralization exists over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). Recently, each of the first seven holes of its current Phase I drill program on La Negra returned significant intervals and high grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news release, ‘Drill Results’ Oct. 15, 2014 for more details)
Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay’s objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.
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