Kootenay Announces Drill Results at LA Cigarra Silver Deposit, Mexico – Highlights Include 8 Meters of 107.12 Gpt Silver Within 31 Meters of 45.75 Gpt Silver
January 23, 2018
KOOTENAY ANNOUNCES DRILL RESULTS AT LA CIGARRA SILVER DEPOSIT,
MEXICO – HIGHLIGHTS INCLUDE 8 METERS OF 107.12 GPT SILVER WITHIN
31 METERS OF 45.75 GPT SILVER
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “ Kootenay”) is pleased to announce the
results of the remaining nine core holes from the Company’s 2017 drill program carried out at its
100% owned La Cigarra silver property , located in Chihuahua State, Mexico. The La Borracha Zone
showed encouraging results along the northern extension of the La Cigarra resource all of which sits
within a nine-kilometer-long mineralized trend.
Drill Highlights from Hole CC-17-37 in the La Borracha Zone:
107.12 gpt silver over 8 meters within 47.75 gpt silver over 31 meters
42.06 gpt silver over 15 meters (second interval)
A total of 46 meters of silver mineralization separated by 15 meters of rhyolite dyke.
Kootenay President and CEO James McDonald s tated "La Borracha is a very exciting target with the
potential to add a significant number of new ounces to our resource. The zone has been traced on
surface from the resource northward for at least 1 ,100 meters and the lat est hole CC -17-37 indicates
good grades and widths. The zone has seen very limited drilling and we are eager to commence the
next round of drilling in the first half of February."
Drill Notes:
The La Borracha drill intercept in Hole CC-17-37, is about 500 meters northwest of the Resource with
107.2 gpt silver over 8 .0 meters within a wider intercept of 31 meters grading 45.75 gpt silver. There
is a total of 46 meters of mineralization in the hole separated by 15 meters of rhyolite dyke. The
second interval grades 42 gpt silver over 15 meters. These results extend silver mineralization 100
meters down dip from a previous hole (CC-12-089), which returned an intercept of 56 gpt silver over
9.25 meters. To date, 12 holes have been drilled along the La Borracha trend with nine of those being
drilled too far west to hit the main mineralized structure extending northward from the resource.
Additional previous holes of note include 166 gpt silver over 4.5 meters (CC 12 -93), 130 gpt silver
over 2.95 meters (CC-11-29) and 455 gpt silver over 1.5 meters (CC -11-28). To view the site plan of
the La Borracha Zone and a cross section, please click on the following link:
http://www.kootenaysilver.com/assets/img/nr/18_03_Borracha_Plan_Section.pdf
The mineralized zone at La Borracha remains open along strike for 1,100 meters and down dip to the
northeast. Surface sampling has returned strongly anomalous silver values over widths of 70 -80
meters on surface. In addition to the drilling in La Borracha, the Company also completed three holes
in Las Venadas and five holes in Navidad.
Anomalous silver and elevated lead-zinc continued to be intercepted at La Venadas. Las Venadas sits
about 800 meters south of the resource and includes a very broad area of mineralization in veins, vein
breccias and stockworks. Follow up work will include mapping and geologic modeling to focus on
those areas of best grade with particular attention to the strong and long mineralized intercepts in
holes CC -17-26 and CC -17-28. The Navidad zone immediately east of the resource returned some
anomalous results and no follow up drilling is anticipated at this time.
Drill widths reported are all core lengths. Hole CC -17-37 in La Borracha is interpreted to be about
90% of true width. The Venadas and Navidad true widths are not known at this time.
Drill Results
Hole ID Zone From
(meters)
To
(meters)
Interval
(meters)(1)
Silver
(gpt)
Gold
(gpt)
Pb
(%)
Zn
(%)
CC-17-29
Las
Venadas 195 200 5.00 41.00 0.025 0.029 0.075
CC-17-30
Las
Venadas 191 197 6.00 8.33 0.008 0.254 0.282
CC-17-31
Las
Venadas 32 78 46.00 12.46 0.009 0.169 0.789
Including 62 78 16.00 20.50 0.014 0.294 1.414
Including 72.5 78 5.50 31.81 0.015 0.364 1.888
145 218 73.00 13.81 0.015 0.187 0.542
Including 157 175.5 18.50 20.77 0.009 0.296 0.766
Including 194 204 10.00 14.72 0.012 0.259 0.701
256 285 29.00 17.75 0.019 0.242 0.687
Including 258 266 8.00 27.62 0.01425 0.354 1.037
CC-17-32 La Navidad No Significant Intervals
CC-17-33 La Navidad 46 47 1.00 5.00 0.888 0.029 0.238
52.35 54 1.65 1.00 0.644 0.009 0.037
197 204.6 7.60 27.18 0.020 0.022 0.061
Including 197 200 3.00 51.5 0.028 0.044 0.106
CC-17-34 La Navidad No Significant Intervals
CC-17-35 La Navidad No Significant Intervals
CC-17-36 La Navidad 24 26 2.00 0.75 0.288 0.003 0.043
105 105.8 0.80 21.00 0.302 0.213 2.54
CC-17-37 La Borracha 78 93 15.00 42.06 0.040 0.238 0.205
Including 84 93 9.00 52.00 0.041 0.213 0.257
107 138 31.00 45.75 0.041 0.256 0.189
Including 111 119 8.00 107.12 0.0445 0.587 0.296
132 138 6.00 27.16 0.056 0.047 0.112
(1) True widths cannot be accurately determined from the information available at this time therefore core
lengths are reported.
Sampling and QA/QC
All technical information for the La Cigarra 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 . Samples are then labeled placed
in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the
Company via courier to ALS Minerals ("ALS") in Chihuahua. 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 will be with HQ or NQ core and has
been contracted to BD Drilling from Guadalajara, Mexico.
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 on behalf Kootenay by James McDonald, P.Geo, President, CEO &
Director for Kootenay, a Qualified Person.
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.
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 projects located in prolific mining districts in Sonora, State and Chihuahua,
State, Mexico, respectively.
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
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at January 22, 2018. 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 suc h 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 an y 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 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 docu ments 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. Fo rward-looking
statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual result s may differ materially
from those currently anticipated in such statements.
This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States investors are advised that while such
terms are recognized and required by Canad ian 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 invest ors 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.
2018 number 03