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Kootenay Reports Drilling Intersects 139 Meters Over 0.71 gpt Gold Including 20 Meters of 2.1 gpt Gold at Cervantes Porphyry Gold Property, Sonora, Mexico

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Kootenay Reports Drilling Intersects 139 Meters Over 0.71 gpt Gold Including 20 Meters of 2.1 gpt Gold at Cervantes Porphyry Gold Property, Sonora, Mexico






Kootenay Silver Inc.  (TSX-V: KTN) is pleased to report that Aztec Minerals Corp. (TSX-V:AZT) today announced the first five of 15 drill holes from its phase I, 3,000 drill program, currently underway at Kootenay’s Cervantes Project, located in Sonora State, Mexico.  Drilling conducted by Aztec Minerals successfully intersected long intervals of porphyry gold, copper and silver mineralization including shorter intervals of high grade gold mineralization within the California Zone confirming excellent potential to host bulk tonnage porphyry mineralization. 



Drill Highlights:


  • 139.0 meters from surface grading 0.71 gpt gold, including 20 meters of 2.10 gpt gold in hole 17CER005 at the California Zone
  • 117.0 meters from near surface grading 0.63 gpt gold, including 43.0 meters of 1.18 gpt gold in hole 17CER003 at the California Zone



To view a map of the drill area click on the following link: Cervantes Drill Plan.



The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages. Upon completion of the two stage earn-in, Kootenay will retain a 2.5 % NSR and receive a payment of US$5.00 per ounce or gold or gold equivalent based on a NI 43-101 Resource Estimate. For more information see the Company’s news release dated October 13, 2015.



Drill Results




Hole ID Zone From












17CER001 Jasper 15.8 42.5 26.7 anomalous
17CER002 Jasper 7 227 220 anomalous
17CER003 California 2 119 117 0.63 0.09 2.7
incl.   46 89 43 1.18 0.16 5.5
incl.   46 48 2 5.52 0.21 4.3
17CER004 California 2 56 51 0.19 0.06 2.3
incl.   34 38 4 0.16 0.12 2.6
17CER005 California 0 139 139 0.71 0.1 2.1
incl.   34 110 76 0.79 0.15 2.7
incl.   26 46 20 2.10 0.16 1.9
Incl.   40 42 2 4.05 0.16 2.3
Note:  True widths cannot be accurately determined from the information available at this time therefore core lengths are reported.




The full news release issued by Aztec Minerals can be found at:



Sampling and QA/QC



All core samples were split in half, placed into plastic bags, labeled with sample number, closed with zip ties, and placed in rice sacks by Aztec Minerals. Samples were typically collected in 2.0m intervals with occasional exceptions of 1.5 or 3.0m intervals. Blanks, duplicates, and certified standards were inserted into the sample stream and subsequently reviewed without any outliers or abnormal results. The samples were delivered to Bureau Veritas Laboratories in Hermosillo and analyzed for gold using a 30gram sample by fire assay fusion with AAS finish. Samples were shipped to Vancouver and analyzed with a 0.25gram sample using 4-acid ICP-MS providing analysis on 45 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 February 1, 2018

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