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Kootenay Silver Reports 0.47 gpt Gold over 222.0 Meters from Rock Sampling Program at Cervantes Gold Project, Sonora Mexico

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Kootenay Silver Reports 0.47 gpt Gold over 222.0 Meters from Rock Sampling Program at Cervantes Gold Project, Sonora Mexico

 

 

 

 

 

Kootenay Silver Inc.  (TSX-V: KTN) is pleased to announce that Aztec Minerals Corp. has reported positive sample results on Kootenay’s Cervantes gold property  located in Sonora, Mexico. 

 

 

Rock chip-channel sampling conducted by Aztec (see table below) returned 0.47 gpt gold over 222.0 meters from Line B taken along drill roads at the California porphyry gold-copper prospect.  Highlights of the program also include sample results from five of the seven sample lines that confirm highly anomalous soil sample results and extensive porphyry-type gold mineralization intersected in the Phase 1 drill program (click to view map).

 

 

Line Sampling Results

 

 

 

Line Number Continuous Length in Meters Gold (gpt)
A 75.0 0.11
B 222.0 0.47
C 84.0 0.40
D 183.0 0.32
E 81.0 0.53
F 33.0 0.26
G 111.0 0.02

 

 

 

Of particular interest is rock sample line G which returned 0.02 gpt gold over 111.0 meters adjacent to drill hole 18CER017 which intersected 0.35 gpt gold over 116.0 meters with 62.0 meters of 0.50 gpt gold. More studies are required to understand the controls on mineralization and infill drilling should help to better define the geometry of the subsurface mineralized zones.

 

 

Aztec’s Phase 2 exploration program consists of geological mapping, rock, soil and sediment sampling and airborne magnetic and radiometric surveys to focus on better defining additional drill targets on the recently expanded (3,649 hectares) the Property.

 

 

New Terraspec SWIR analysis of core samples was recently conducted and results are under evaluation. Preliminary results suggest a good correlation between elevated gold values and high temperature muscovite and/or illite phyllosilicates. Recognizing the minerals associated with gold mineralization will assist Aztec in prospecting the rest of the Cervantes property. The Terraspec SWIR measures and identifies specific minerals including higher temperature, well-crystallized minerals often associated with gold mineralization.

 

 

To date, soil sampling results range from 0.00 gpt up to 3.30 gpt gold (mostly 0.01 to 1.0 gpt gold) and confirm four historic prospects as highly anomalous gold targets (click to view map):

 

  • California north extension soil assays up to 0.33 gpt gold, open to north and west
  • Purisima East soil assays up to 3.3 gpt gold, 15 samples > 1.0 gpt gold, 700×700 meter anomaly
  • Purisima West soil assays up to 0.61 gpt gold, open to east
  • Jacobo soil assays up to 0.66 gpt gold, open in all directions

 

 

The previous IP-resistivity survey over the California prospect outlined a large, strong chargeability anomaly interpreted to be a zone of porphyry related sulfide mineralization extending from the interpreted base of the oxide zone around 100 metres deep plunging to the southeast down below the 400 metre depth limit of the survey. This chargeability anomaly remains a top priority drill target to expand the known porphyry type mineralization at the California prospect.

 

 

The airborne magnetic and radiometric survey is scheduled for completion in October after the rain season is over.  The airborne geophysical data should assist in identifying new prospective targets as well as refining our understanding of the multiple existing targets at Cervantes.  At that time, Aztec will evaluate its priorities for the next phase of drilling. 

 

 

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.

 

 

Sampling and QA/QC

 

 

All rock samples were put into plastic bags, labeled with sample number, closed with zip ties, and placed in polyfiber sacks by Aztec Minerals. Chip-channel samples were collected in 3.0 m intervals and described in detail. Blanks and certified standards were inserted into the chip-channel sample stream and subsequently reviewed, without any outliers or abnormal results. Soil samples were collected in the field with a minus 10 sieve, collecting 1.5 to 2.0 kg samples and placed in manila envelopes. The rock and soil 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. The XRF scanning for base and trace elements was conducted by a geologist in Hermosillo with an Innovex Delta, under Aztec supervision.  

 

 

Qualified Persons

 

 

The Kootenay scientific and 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 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 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 dprojects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.

 

Posted August 22, 2018

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