Kootenay and Theia Successfully Identify Robust Gold – Bearing Structure at Rosetta Stone
May 14, 2010
KOOTENAY AND THEIA SUCCESSFULLY IDENTIFY ROBUST GOLD – BEARING STRUCTURE AT ROSETTA STONE
Kootenay Gold Inc. (KTN: TSX.V) and Theia Resources Ltd (THH:TSX.V) are pleased to announce results for 11 drill holes (1018.9 metres) at the Rosetta Stone project located in the west Kootenay region of British Columbia. Drilling was successful in identifying a robust goldbearing structure (Creek Zone), which remains open along strike in both directions and to depth.
Drilling on the ‘Creek Zone’
The primary target at the Rosetta Stone property was a gold bearing hydrothermal breccia with epithermal textures hosted by a Jurassic aged granite body. Surface sampling returned selected grab samples of 21.1g/t Au. This ‘Creek Zone’ was tested with three fences of holes covering a strike length of 50metres. 7 holes, (RS09-1 thru 7) were completed in the three fences.
Drilling on the Creek zone was successful in delineating a strong hydrothermal system with intense clay and anthophyllite alteration accompanied by chalcedonic veining, qtz flooding, crackle breccias and hydrothermal breccias. Fine pyrite accompanied veining, crackle breccias and hydrothermal breccias. The structure has been traced for 50 metres along strike and to a depth of 110 metres. It remains open along strike to the northeast and southwest and at depth where it appears to be wider and more intense. It has a steep apparent dip to the southeast. This structure returned results including: 2.75 g/t Au over 1.0 metres in RS09-2 and broader zones of anomalous gold including 0.71g/t Au over 8.89 metres in RS09-5.
Drilling on the ‘Road Zone’
Two separate structures were tested on the Road zone (RS09-8,9) where surface grab samples returned up to 17 g/t Au. On surface these structures contained sericite and clay altered granite with narrow zones of hydrothermal breccia. Hole RS09-8 failed to intersect similar mineralization. Hole RS09-9 intersected two sections of anomalous gold. The uppermost section (0.29g/t Au over 2.33m) is hosted by a clay-chlorite-altered mafic dike with limonitic fractures. The lower section (0.52 g/t Au over 2.34m) is hosted by clay/anthophyllite-altered granite with crackle fracturing and chalcedonic veining similar in texture to mineralization and alteration in the Creek zone.
Drilling at the ‘Skid Trail’
Two holes (RS09-10,11) tested the ‘Skid Trail’ showing containing quartz veining within an altered granite. Hole RS09-11 intersected some narrow sections of hydrothermal breccia but the only anomalous values occurred within a lamprophyre dike cut by several narrow chalcedonic veinlets with minor pyrite, (0.27 g/t Au over 1.0m).
Summary
In conclusion this initial drill program at the Rosetta Stone project was successful in identifying a robust gold-bearing structure (Creek Zone), which remains open along strike in both directions and to depth. Exploration here will focus on determining whether there is a zonation to the gold distribution which will help in vectoring in to higher grade portions of the structure. In particular the strike extensions of this structure will be explored using a combination of geochemistry, prospecting and further drilling.
Samples and Assaying
All samples were analyzed by Acme Laboratories in Vancouver, British Columbia. Gold content was analyzed using the G601 package which is a 30g fire assay fusion with a ICP-ES finish. A QA/QC program was initiated which involved insertion of standards, blanks and duplicates into the sample stream
Table 1 Summary of Significant Intercepts
| Hole ID | From m | Tomb | Width m | Au g/t | Target |
|---|---|---|---|---|---|
| _ | _ | _ | _ | ||
| RS09-2 | 28.00 | 30.00 | 2.00 | 1.30 | Creek |
| RS09-2 | 60.00 | 61.85 | 1.85 | 1.71 | Creek |
| including | 60.00 | 61.00 | 1.00 | 2.75 | Creek |
| RS09-2 | 65.00 | 69.46 | 4.46 | 0.24 | Creek |
| RS09-3 | 97.00 | 101.00 | 4.00 | 0.195 | Creek |
| RS09-3 | 129.5 | 131.1 | 1.60 | 0.35 | Creek |
| RS09-4 | 58.00 | 65.00 | 7.00 | 0.74 | Creek |
| including | 60.00 | 62.00 | 2.00 | 1.37 | Creek |
| RS09-5 | 74.93 | 83.82 | 8.89 | 0.71 | Creek |
| including | 74.93 | 76.00 | 1.07 | 2.60 | Creek |
| RS09-6 | 21.43 | 24.00 | 2.57 | 0.33 | Creek |
| RS09-7 | 17.52 | 23.66 | 6.16 | 0.42 | Creek |
| RS09-7 | 29.00 | 31.00 | 2.00 | 0.94 | Creek |
| RS09-7 | 35.00 | 47.00 | 12.00 | 0.33 | Creek |
| RS09-7 | 55.00 | 63.00 | 8.00 | 0.575 | Creek |
| RS09-9 | 10.44 | 12.77 | 2.33 | 0.29 | Road |
| RS09-9 | 16.70 | 19.04 | 2.34 | 0.52 | Road |
| RS09-11 | 19.60 | 20.60 | 1.00 | 0.27 | Skid Trail |
History of work completed at Rosetta Stone
Prior to drilling at Rosetta Stone further grassroots exploration was conducted at a property scale outside the main showings. Highlights from this include a detailed soil geochemistry grid located 4.8 km north-northwest of the ‘Creek’ showing. The area is underlain by sericite/carbonate/pyrite altered diorite that hosts zones of sheeted quartz veins with arsenic, galena and anomalous gold. The grid covers an area of 900 meters by 1300 meters. Sample lines were spaced every 100 meters and sample nodes every 25 meters. A number of anomalous coincident gold/arsenic anomalies were detected and are priority targets for follow up work. A comprehensive silt sampling program was conducted across the property with the majority of the main creeks and tributaries sampled every 250 meters. Results from this program have highlighted a series of anomalies for both gold and silver with apparent cut-offs and will be followed up in the field season.
Property scale prospecting located four new areas of multigram gold as well as a number of other anomalous zones that warrant follow up work. These include the Mountain Meadow West, 12 kilometres west of the ‘Creek’ showing, where new logging road construction has uncovered visible gold bearing quartz veins at a diorite-sediment contact with assays up to 30 g/t Au. Moly/galena bearing quartz veins 750 meters east of this area returned values in excess of 8 g/t Au. 2.7 kilometres west of the ‘Creek’ showing open space quartz breccias similar in character to the ‘Skid Trail’ zone returned values up to 4.3 g/t Au. South, along the trend of the main Rosetta Stone showings a series of open-space quartz breccias associated with lamprophyre dykes cutting a granite body returned values up to 6.1 g/t Au and Ag values greater than 100 ppm.
ABOUT KOOTENAY
Kootenay is an emerging exploration Company actively developing several mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Numerous joint-venture partnerships maximize the potential for new discoveries. The Company's top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine.
ABOUT THEIA
Theia Resources Ltd is an exploration company focused on precious metals deposits located in politically stable jurisdictions. The company intends to leverage management’s network and experience within the exploration and finance sector to maximize shareholder value. In addition to reviewing potential acquisitions, Theia's focus is the Rosetta Property located in the West Kootenay region of British Columbia, Canada.
For additional information, please contact:
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650 www.kootenaygold.ca The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. 2010 number 11