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Rick Mills “How Much Time Do You Have Left?”

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Rick Mills “How Much Time Do You Have Left?”

 

 

 

 

 

As a general rule, the most successful man in life is the man who has the best information

 

 

Kootenay Silver TSX.V-KTN has two projects – It’s flagship Promontorio and its brand new exciting discovery story La Negra (both in the Sierra Madre Region of Mexico). I’m going to be writing quite a bit about Kootenay over the next little while, it really is a heck of a story and a well run company with what appears are two homerun projects.

 

 

Promotorio – The updated Measured and Indicated resource contains an estimated 92,035,000 oz AgEq with another 24,326,000 oz AgEq categorized as Inferred is a silver/gold/lead/zinc (silver is roughly 40% of the resource) open pit/underground project while La Negra is a from surface open pit high grade silver only project.

The La Negra Phase I drill program totaled 25 HQ diameter core holes with 3173.5 meters of drilling.  All holes have been reported and significant grades of widespread silver mineralization extending from surface to depth, confirm a substantial new silver discovery.

 

 

In the first phase drill program there were 25 holes drilled into La Negra, results were extremely impressive.

 

 

Phase I Highlights include:

 

  • LN 01-14 Containing from surface;
    • 110.46 gpt Ag over 41 meters including
    • 223.23 gpt Ag over 13 meters
  • LN 02-14 Containing from surface;
    • 141.28 gpt Ag over 50 meters including
    • 212.64 gpt Ag over 28 meters and
    • 323.13 gpt Ag over 15 meters
  • LN 03-14 Bottomed in mineralized breccia in a vertical hole from surface;
    • 82.57 gpt Ag over 144 meters including
    • 98 gpt Ag over 106 meters and
    • 195.84 gpt Ag over 25 meters
  • LN 04-14 Containing from surface;
    • 92.98 gpt Ag over 92 meters including;
    • 149.43 gpt Ag over 20 meters from surface and
    • 146.38 gpt Ag over 31 meters from 43 meter depth
  • LN 05-14 Containing from surface;
    • 91 gpt Ag over 119 meters including
    • 182.87 gpt Ag over 40 meters
    • 367.85 gpt Ag over 14 meters
  • LN 06-14 Containing from surface and bottomed in mineralized breccia;
    • 92.79 gpt Ag over 98 meters including
    • 168.33 gpt Ag over 21 meters including
    • 214.3 gpt Ag over 13 meters
  • LN 07-14 Containing from surface;
    • 132.49 gpt Ag over 59 meters including
    • 149.6 gpt Ag over 43 meters and
    • 185.35 gpt Ag over 17 meters
  • LN 08-14 Containing from 13 meter depth;
    • 91.89 gpt Ag over 49 meters including
    • 251 gpt Ag over 11 meters
  • LN 10-14 Containing from 5 meters;
    • 87.08 gpt Ag over 35 meters including
    • 135.52 gpt Ag over 21 meters
  • LN 13-14 Containing from surface;
    • 61.43 gpt Ag over 140 meters including
    • 79 gpt Ag over 47 meters and
    • 355.16 gpt Ag over 8 meters
  • LN 21-14 Containing from surface and bottomed in mineralization;
    • 156.47 gpt Ag over 200 meters including
    • 420.34 gpt Ag over 50 meters from 150 to 200 meters including
    • 1337.66 gpt Ag over 6 meters and
    • 492.30 gpt Ag over 17 meters at the bottom of the hole excl. the 6 meters of 1337 gpt Ag interval
  • LN 22-14 Containing from surface
    • 265.31 gpt Ag including over 34 meters including
    • 467.77 gpt Ag over 18 meters
  • LN 23-14 Containing from surface;
    • 239.92 gpt Ag over 30 meters including
    • 459.76 gpt Ag over 13 meters
  • LN 24-14 from surface on section with LN 22 and 23-14;
    • 92.88 gpt Ag over 76 meters including
    • 397.83 gpt Ag over 12 meters

 

 

Drill Hole LN 21-14 is spectacular. As a matter of fact there isn’t one underground narrow vein silver miner in the world who wouldn’t drool over, and move heaven and earth, to mine those grades. We have them in an open pit from surface!

 

 

Mr. Hans Smit, P.Geo has been hired to assist in quickly advancing the La Negra discovery to a resource calculation on completion of the second drill program anticipated to begin early in the New Year.

 

 

The drill rig is in place, the camp is being set up. Drilling should start in a second phase two program shortly.

 

 

Attention is being paid to this project, it’s a low cost near surface pure silver project that has built up an incredible resource very quickly, and there’s much more to come in your authors opinion. But how much more tonnage do you need to recognize something special is being drilled here? In your author’s opinion this is going to be a much coveted deposit, two groups have already visited, more are heading to the project.

 

 

Every miner in Mexico has this on their radar screen, which means we should as well.

 

 

 

Conclusion

 

 

I’ve already calculated a 15-20 million oz silver resource just from the first 25 drill holes, roughly 3000 meters of drilling.

 

 

Is Kootenay Silver TSX.V – KTN on your screen?

 

 

If it isn’t, maybe it should be.

 

Richard (Rick) Mills

 

Richard lives with his family on a 160 acre ranch in northern British Columbia. He invests in the resource and biotechnology/pharmaceutical sectors and is the owner of Aheadoftheherd.com. His articles have been published on over 400 websites, including:

 

WallStreetJournal, USAToday, NationalPost, Lewrockwell, MontrealGazette, VancouverSun, CBSnews, HuffingtonPost, Beforeitsnews, Londonthenews, Wealthwire, CalgaryHerald, Forbes, Dallasnews, SGTreport, Vantagewire, Indiatimes, Ninemsn, Ibtimes, Businessweek, HongKongHerald, Moneytalks, SeekingAlpha, BusinessInsider, Investing.com, MSN.com and the Association of Mining Analysts.

 

Please visit  www.aheadoftheherd.com – We’re telling you things everyone else doesn’t already know.

 

Moderated investor friendly forums – Ahead of the Herd is powered by Community Intelligence.

 

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Legal Notice / Disclaimer

 

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.

 

Kootenay Silver TSX.V:KTN is a paid sponsor of Richard’s site aheadoftheherd.com

 

Richard does not own shares in KTN.

 

This article is not paid for content.

 

Posted February 23, 2015

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