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Kootenay Reports Drilling Intersects 0.48 gpt Gold, 0.07% Copper Over 85.2 Meters Including 0.66 gpt Gold Over 30.2 Meters at Cervantes Gold Property, Sonora, Mexico

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Kootenay Reports Drilling Intersects 0.48 gpt Gold, 0.07% Copper Over 85.2 Meters Including 0.66 gpt Gold Over 30.2 Meters at Cervantes Gold Property, Sonora, Mexico

 

 

 

 

Kootenay Silver Inc.  (TSX-V: KTN) is pleased to report that Aztec Minerals Corp. today announced the results of the final 6 core drill holes from its 17-hole phase I drill program totaling 2,674 meters conducted on Kootenay’s Cervantes gold project, located in Sonora State, Mexico. 

 

 

The final six holes successfully intersected long intervals of porphyry-type gold (copper, silver) mineralization and extended the strike length to more than 800 meters at the California and the Jasper prospect areas.  Recent drill highlights include 0.48 grams per tonne (“gpt”) gold, 0.07% copper and 2.0 gpt silver over 85.2 meters (approximate true width) in hole CER15, with a higher-grade intercept of 0.66 gpt gold over 30.2 meters. Click the following links to view a drill plan and long section.

 

 

The full news release issued by Aztec Minerals can be found at: http://aztecminerals.com/

 

The Cervantes Property is held under an earn-in option agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages.  If Aztec earns 100% interest, Kootenay will retain a 2.5% NSR and receive a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 compliant resource estimate. See Kootenay news release dated October 13, 2015.

 

 

Drill Results

 

 

Hole ID From
(meters)
To
(meters)
Interval
(meters)
Gold
(gpt)
Copper

(%)

Silver
(gpt)
*18CER012 36.4 52.9 16.5 0.25 0.12 2.2
18CER013 0.5 101 100.5 0.22 0.12 2.1
incl. 16.8 93 76.2 0.25 0.15 2.4
and 41 63 22 0.37 0.38 3.2
18CER014 0 98.5 98.5 0.41 0.13 2.2
incl. 16 49 33 0.60 0.02 2.2
and 54.5 98.5 44 0.38 0.26 2.2
and 116.9 125 8.1 0.35 0.07 2.4
18CER015 1.8 87 85.2 0.48 0.07 2.0
Incl. 1.8 32 30.2 0.66 0.02 3.0
and 42 60 18 0.51 0.24 0.5
18CER016 1.5 92 90.5 0.29 0.06 1.4
Incl. 1.5 36 34.5 0.55 0.03 1.5
18CER017 4 120 116 0.35 0.06 1.6
Incl. 20 82 62 0.50 0.06 2.0
and 56 70 14 0.84 0.07 1.9
*hole 18CER012 was abandoned at 52.85m due to drilling problems.
Notes: Drill holes were oriented to cross the most prominent mineralized structures seen in outcrops so core lengths reflect the approximate interpreted true width of the California zone mineralization.

 

 

 

Sampling and QA/QC

 

 

All core samples were split in half, placed into plastic bags, labeled with sample number, secured with zip ties, and placed in rice sacks by Aztec Minerals. Samples were typically collected in 2.0-meter intervals with occasional exceptions up to 6.0-meter intervals due to lower core recovery. Blanks, duplicates, and certified standards were inserted into the sample stream and subsequently reviewed without any outliers or abnormal results. The core samples were delivered to Bureau Veritas Laboratories in Hermosillo and analyzed for gold using a 30-gram sample by fire assay fusion with AAS finish. Core sample pulps were shipped to Vancouver and analyzed with a 0.25-gram sample using 4-acid ICP-MS providing analysis on 36 elements.

 

 

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 on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay.

 

 

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 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 two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.

 

Posted June 26, 2018

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