The Prospector News

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

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

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

(meters)

To

(meters)

Interval

(meters)

Gold

(gpt)

Copper

(%)

Silver

(gpt)

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: http://aztecminerals.com/

 

 

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

Share this news article

MORE or "UNCATEGORIZED"


Minera Alamos Receives $5,000,000 from Santana Royalty Closing

Minera Alamos Inc. (TSX-V: MAI) is pleased to report that followi... READ MORE

April 3, 2020

Braveheart Resources Inc. Provides Further Update on 2020 Underground Drilling Program at Bull River Mine Project

Braveheart Resources Inc. (TSX-V: BHT) announces that it has rece... READ MORE

April 3, 2020

Orla Mining Announces Closing of C$75,030,000 Bought Deal Financing

Orla Mining Ltd. (TSX:OLA) is pleased to announce that it has clo... READ MORE

April 3, 2020

AFRICAN GOLD GROUP ANNOUNCES SIGNIFICANT HIGH-GRADE GOLD AT KOBADA PROJECT, INCLUDING 2.14G/T GOLD OVER 16 METERS AND OTHER CORPORATE UPDATES

African Gold Group, Inc. (TSX-V: AGG) is pleased to report new drill res... READ MORE

April 3, 2020

Bonterra Intersects 18.26 g/t Au Over 1.7 metres at Gladiator

Bonterra Resources Inc. (TSX-V: BTR) (OTCQX: BONXF) (FSE: 9BR2) a... READ MORE

April 2, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions