Expands Known Mineralization at Columba Project, Chihuahua, Mexico: Four Drill Holes Report Highs to 2,370 gpt Silver and 6.7% Lead-Zinc
Expands Known Mineralization at Columba
Project, Chihuahua, Mexico: Four Drill Holes
Report Highs to 2,370 gpt Silver and 6.7%
Lead-Zinc
VANCOUVER, BC
,
Oct. 24, 2024
/CNW/ -
Kootenay Silver Inc.
(TSXV: KTN)
(the "Company" or
"Kootenay")
is pleased to provide results from four drill holes at the Columba High Grade Silver
Project. The batch reported herein comprises drill tests of the D-Vein trend along strike or at depth.
The Company is focused on testing extensions and gaps within the data set in advance of the
preparation of a mineral resource estimate.
Drill Highlights include;
Hole CDH-24-171
Hit three significant composited intervals within a continuously mineralized
87.6 meters long mineralized envelope plus two more narrow high grade zones.
First Zone – Hangingwall
1,134 gpt silver, 0.8 % lead and 3.4 % zinc over 2.6 meters core length
(2.17
meters estimated true width ("e.t.w")) from 256.4 meters downhole includes;
2,370 gpt silver, 1.2% lead and 5.5% zinc
over 0.5 meters (0.42 meters e.t.w.) from
257.5 meters downhole
Second Zone – Hangingwall
298 gpt silver, 1.3 % lead and 0.6 % zinc
over
7.78 meters core length (6.48
meters e.t.w)
from 268.5 meters downhole includes;
627 gpt silver, 2.5% lead and 0.5% zinc over 3.14 meters of core length
(2.62
meters e.t.w.) from 272.5 meters downhole
1,525 gpt silver, 1.3% lead and 0.2% zinc
over
0.6 meters
(0.53 meters e.t.w.) from
275 meters downhole
Third Zone – D-Vein
338 gpt silver, 0.4% lead and 1.1% zinc over 18 meters core length
(15.0 meters
e.t.w) from 315 meters downhole includes;
484 gpt silver, 0.49% lead and 1.42% zinc over 11.2 meters core length
(9.34
meters e.t.w.) from 315 metres downhole
923 gpt silver, 0.8% lead and 2.5% zinc over 1.5 meters core length
(1.20 meters
e.t.w) from 319.5 meters downhole
Plus the two narrow veins
Footwall
487 gpt silver, 0.5% lead and 1.1% zinc over 3 meters core length
(2.4
meters e.t.w.)
Hangingwall
976 gpt silver, 1.5% lead and 4.8% zinc over 0.5 meters core length
(0.4 meters e.t.w.) within
369 gpt silver, 0.6% lead and 1.8% zinc over 1.5 meters
of core length
(1.2 meters e.t.w.).
Hole CDH-24-173 Intersected 5 high grade intervals in the hangingwall above the D-vein
and one in the footwall below it.
Hangingwall intervals
401 gpt, 0.2% lead and 0.4%
zinc
over 2 meters core length (1.52 meters e.t.w)
from 221 meters downhole
142 gpt silver, 0.1% lead and 0.4% Zinc over 9.42 meters core length
(7.14
meters e.t.w.) from 236 meters downhole including
377 gpt silver, 0.3% lead and
2.8% zinc
over 2.49 meters
(1.89 meters e.t.w.) from 241.13 meters downhole
459 gpt silver, 0.3% lead and 0.6% zinc over
1.0 meters core length
(0.76 meters
e.t.w.) from 259 meters downhole
796 gpt silver, 0.6% lead, 2.2% zinc over
0.7 meters core length
(0.53 meters
e.t.w.) from 282.11 meters downhole
679 gpt silver
over 1 meter (0.76 meters e.t.w.) from 291 meters downhole
D-Vein
162 gpt silver
, 0.4% lead and 1.4% zinc over 5.28 meters core length of
(4.0
meters e.t.w.) from 301.5 meters downhole
Footwall Vein
1,070 gpt silver, 4.2% lead, 1.7% zinc over 0.5 meters core length
(0.38 meters
e.t.w.) from 362.5 meters downhole
Kootenay's President & CEO,
James McDonald
states, "
Another great set of drill results from
Columba. Hole 171 is especially exciting with an 87-meter-wide zone of continuous silver
mineralization and as a step out down dip and along strike about 50 and 100 meters to the
southeast of CDH 140 and 125 respectively. Holes 170 and 172 were semi parallel to the D vein
and did not reach the target. Hole 173 expands the D vein down dip and along strike about 70 and
115 meters respectively from the high grade holes CDH 140 and 125 previously reported. Also of
note in CDH 173 are two other high grade veins. One in the hangwall of D vein with 2.49 meters of
377 gpt silver and one in the footwall with. 1070 gpt silver over 0.5 meters."
Current batch of drill results from drill holes CDH-24-170 to 173 are tabulated below. Drill highlights,
maps and sections from the project are tabulated on the Company's website at the links below
Click to view the
drill plan
,
long section
, and
cross sections
.
Hole ID
From
(meters)
To (meters)
Interval
(meters)
Est true
1
(meters)
Silver
gpt
Pb %
Zn%
Geologic Intersection
CDH-24-170
276.45
276.9
0.45
0.38
359
0.07
0.11
D-Vein extension
and
335.37
336
0.63
0.53
234
0.05
0.62
HW to D-Vein System
and
365.33
365.73
0.4
0.33
215
0.04
0.16
HW to D-Vein System
CDH-24-171
256.4
259.0
2.6
2.17
1,334
0.82
3.41
Veining within D-Vein system
includes
257.5
258.0
0.5
0.42
2,370
1.19
5.47
Veining within D-Vein system
and
263.0
266.0
3.0
2.50
117
1.08
0.34
Veining within D-Vein system
and
268.5
276.3
7.8
6.48
298
1.30
0.55
Veining within D-Vein system
includes
272.5
275.6
3.1
2.62
627
2.47
0.53
Veining within D-Vein system
includes
275.0
275.6
0.6
0.53
1,525
1.31
0.24
Veining within D-Vein system
and
304.0
305.5
1.5
1.25
369
0.57
1.76
Veining within D-Vein system
includes
304.0
304.5
0.5
0.42
976
1.50
4.81
Veining within D-Vein system
and
315.0
332.0
18.0
15.0
338
0.35
1.06
Veining within D-Vein system
includes
315.0
326.21
11.21
9.34
484
0.49
1.42
Veining within D-Vein system
includes
319.5
321.0
1.5
1.20
923
0.83
2.51
Veining within D-Vein system
and
339.0
342.0
3.0
2.50
487
0.47
1.13
Veining within D-Vein system
CDH-24-172
340.0
342.0
2.0
1.67
312
0.07
0.38
B-Vein corridor
and
352.0
369.0
17.0
14.17
60
0.03
0.12
B-Vein corridor
and
553.1
556.13
3.03
2.51
89
0.04
0.25
FW D-Vein
CDH-24-173
221.0
223.0
2.0
1.52
401
0.19
0.36
HW to D-Vein
and
236.0
245.4
9.4
7.14
142
0.11
0.58
Calcite Qz Vein HW to D-Vein
includes
241.1
243.6
2.5
1.89
377
0.29
1.85
Calcite Qz Vein HW to D-Vein
and
259.0
260.0
1.0
0.76
459
0.28
0.58
Calcite Qz Vein HW to D-Vein
and
282.1
282.8
0.7
0.53
796
0.56
2.16
Calcite Qz Vein HW to D-Vein
and
291.0
292.0
1.0
0.76
679
0.32
0.47
Calcite Qz Vein HW to D-Vein
and
301.5
306.8
5.3
4.00
162
0.44
1.42
D-Vein
and
319.0
329.0
10.0
7.58
84
0.11
0.21
Footwall to D-Vein system
and
362.5
363.0
0.5
0.38
1,070
4.24
1.72
Footwall to D-Vein
1
Estimated true widths are based on current interpretation of mineralized structures.
The 2024 drill program continues with two diamond drills with over 10,000 meters and 29 holes this
year. The 2024 exploration work has almost tripled the known strike length of D-Vein which is
mineralized for approximately 1,275 meters. D-Vein is just one of several high priority targets at
Columba and boasts some of the most striking results on the project. The current program is part of
a fully funded follow up program of 20,000 meters, aimed to culminate in a maiden resource.
Prospective veins on the project are hosted within a volcanic caldera setting, the surface extent of
mapped veins measuring roughly 4 kilometres by 3 kilometres. Management believes that Columba
may be a newly recognized vein district that is nearly entirely preserved from erosion.
A comprehensive list of drill results completed on the Columba Property since 2019 may be viewed
here:
Columba Drill Results
.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a
formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in
half with a diamond saw under the direction of qualified geologists and engineers. Samples are then
labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are
delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The Company inserts blanks,
standards and duplicates at regular intervals as follows. On average a blank is inserted every 100
samples beginning at the start of sampling and again when leaving the mineral zone. Standards are
inserted when entering the potential mineralized zone and in the middle of them, on average one in
every 25 samples is a standard. Duplicates are taken in the mineralized intervals at an average 2
duplicates for each hole.
The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by
ALS in
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 was completed by Globextools, S.A. de C.V. of Hermosillo,
Sonora,
Mexico
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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 and approved on behalf of Kootenay by Mr. Dale Brittliffe, BSc. P.
Geol., Vice President, Exploration of Kootenay Silver, is the Company's nominated Qualified Person
pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed
the scientific and technical information disclosed in this news release. Mr. Brittliffe is not independent
of Kootenay Silver.
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
. 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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at
October 23, 2024
. 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.
Forward-looking statements are necessarily based upon a number of factors and assumptions that,
while considered reasonable by Kootenay as of the date of such statements, are inherently subject
to significant business, economic and competitive uncertainties and contingencies. Many factors,
known and unknown, could cause actual results to be materially different from those expressed or
implied by such forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date made. Except as otherwise
required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any such statements to reflect any change in Kootenay's expectations
or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors:
This news release includes Mineral Reserves and Mineral
Resources classification terms that comply with reporting standards in
Canada
and the Mineral
Reserves and the Mineral Resources estimates are made in accordance with National Instrument
43-101 – Standards of Disclosure for Mineral Projects ("
NI 43-101
"). NI 43-101 is a rule developed
by the Canadian Securities Administrators that establishes standards for all public disclosure an
issuer makes of scientific and technical information concerning mineral projects. These standards
differ significantly from the requirements adopted by the U.S. Securities and Exchange
Commission (the "
SEC
"). The SEC sets rules that are applicable to domestic
United States
reporting companies. Consequently, Mineral Reserves and Mineral Resources information
included in this news release is not comparable to similar information that would generally be
disclosed by domestic U.S. reporting companies subject to the reporting and disclosure
requirements of the SEC. Accordingly, information concerning mineral deposits set forth herein
may not be comparable with information made public by companies that report in accordance with
U.S. standards.
SOURCE
Kootenay Silver Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/October2024/24/c0557.html
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For further information:
For additional information, please contact: James McDonald, CEO and
President at 403-880-6016; Ken Berry, Chairman at 604-601-5652; 1-888-601-5650 or visit:
www.kootenaysilver.com
CO: Kootenay Silver Inc.
CNW 07:30e 24-OCT-24