Kootenay Intercepts 608 gpt Silver Over 5 Meters Within 229 gpt Silver Over 22 Meters at Columba Project, Mexico
VANCOUVER, BC, Aug. 13, 2020 /CNW/ – Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce results from an additional 4 holes from its 7,000 meter drill program, at the Columba high-grade silver project (the “Property”) located in Chihuahua State, Mexico.
Among the 4 holes reported in the release, CDH-20-057 to CDH-20-059 tested along the F-Vein. Hole CDH-20-60 intercepted the J and Z Vein system and encountered a well mineralized breccia and quartz vein stockwork zone located approximately 700 meters east from the F-Vein.
Highlights from J and Z Vein system include:
news release dated December 12, 2019). This Phase I drill hole hosted the following high-grade mineralization:” data-reactid=”36″>Hole CDH-20-060 is about 40 meters deeper and 20 meters along strike from previously announced hole CDH-19-030 (see news release dated December 12, 2019). This Phase I drill hole hosted the following high-grade mineralization:
The silver mineralization in the J and Z Vein system is related to silicified breccias and thin quartz vein stock works following classic banded quartz vein structures more characteristic of the F-Vein.
The geometry of the relatively untested J and Z Vein system is not known at this time. More holes are needed to determine the geometry (strike and dip), extent of continuity and size of the zone.
|
Hole ID |
From |
To |
Interval |
Silver |
Pb |
Zn |
Geologic |
|
CDH-20-060 |
144 |
208 |
64 |
132 |
0.03 |
0.1 |
J-Z Vein |
|
Includes |
147 |
156 |
9 |
226 |
0.03 |
0.13 |
|
|
Includes |
152 |
153 |
1 |
1025 |
0.08 |
0.21 |
|
|
Includes |
183 |
205 |
22 |
229 |
0.05 |
0.14 |
|
|
Includes |
190 |
201 |
11 |
361 |
0.08 |
0.18 |
|
|
Includes |
191 |
196 |
5 |
608 |
0.09 |
0.12 |
|
|
Includes |
191 |
192 |
1 |
447 |
0.034 |
0.096 |
|
|
Includes |
192 |
193 |
1 |
342 |
0.056 |
0.081 |
|
|
Includes |
193 |
194 |
1 |
1160 |
0.1 |
0.128 |
|
|
Includes |
194 |
195 |
1 |
776 |
0.175 |
0.223 |
|
|
Includes |
195 |
196 |
1 |
315 |
0.093 |
0.101 |
|
|
CDH-20-057 |
275.91 |
280.47 |
4.56 |
103 |
0.12 |
0.19 |
F Vein |
|
Includes |
275.91 |
280.47 |
1.81 |
163 |
0.26 |
0.32 |
|
|
And |
166 |
226.84 |
60.84 |
40 |
0.03 |
0.1 |
|
Hole 60 is reporting the drilled length of mineralization because there is not sufficient data to understand the geometry to estimate a true width. Hole 57 is reported as drilled length of mineralization. The true width is estimated at about 81% of the drilled width or about 3.74 meters. |
news release dated May 26, 2020).” data-reactid=”49″>CDH-20-57 is one of the deeper intercepts along the F-Vein hitting 4.56 meters of quartz vein grading 103gpt silver including. 1.81 meters of 163 gpt silver at a depth of 208 meters from surface. The nearest hole CDH-20-051 is located approximately 57 meters up dip and 60 meters along strike. CDH-20-051 hit 317 gpt silver over 4.36 meter including 769 gpt silver over 1.1 meters in the F Vein and 865 gpt silver over 2 meters in a hanging-wall structure (see news release dated May 26, 2020).
plan map, long section, and cross sections.” data-reactid=”52″>Click to view the plan map, long section, and cross sections.
Sufficient drilling has been conducted along the F-Vein to establish good continuity for about 700 meters of strike to depths of 230 meters. Drilling is currently focused on the veins not yet tested and will follow up on intercepts encountered in various other veins during the 2019, Phase I drill campaign.
Drilling is ongoing and more results will be released once holes are completed and assays are received, compiled, and interpreted.
James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Mexico.
Mexico and in British Columbia, Canada. Supported by one of the largest junior 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 its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
August 12, 2020. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “expected”, “may”, “will” or similar terms.
United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
SOURCE Kootenay Silver Inc.
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