Kootenay Commences Drilling at Columba High-Grade Silver Project, Mexico
Kootenay Commences Drilling at Columba High-Grade Silver
Project, Mexico
VANCOUVER, BC
,
March 3, 2021
/CNW/ -
Kootenay Silver Inc.
(TSXV: KTN)
(the "Company" or "Kootenay")
is pleased to
announce that a 5,000-meter core drilling program (the "Program") has commenced at the Columba silver project, located in
Chihuahua State,
Mexico
.
The Program will focus on step out and infill drilling on impressive results to date in the high-grade F-vein and its associated hanging
wall vein, a new discovery blind to surface. Focus will then shift to expanding on numerous other high-grade results such as found in
holes CDH 20-030 (
415 gpt silver over 11.15 meters including 721 gpt silver over 4.07 meters
) in the JZ area and CDH 20-082
(
1,186 gpt silver over 4.6 meters
) in the B Vein.
James McDonald
, CEO and President Stated: "Ending on a high note last year with 1,186 gpt silver over 4.6 meters on the largely
untested B Vein we are eager to continue testing the various high-grade areas established by our 2019 and 2020 programs."
Comprehensive drill results from the 2019 and 2020 programs can be viewed by clicking the following link:
Columba Drill Results
.
The Company has contracted GlobeXplore, S.A. de C.V. of
Hermosillo, Sonora, Mexico
to conduct the drilling at Columba. Results of
the drill program will be announced as soon as the assays are received and interpreted by the Company.
About the Columba Property
Columba is a past producing high-grade silver mine, which operated on a small scale circa 1910 and again briefly circa 1958-60. The
Property covers a large high-grade epithermal vein system which the Kootenay has mapped over strike lengths from 200 meters to up
to 2 kilometers and sampled with grades returning up to 693 gpt silver on surface and exceeding 2,000 gpt in drilling. The Project
area includes a network of underground workings comprised of 4 shafts and 6 levels of drifts reported to measure over 1,000 meters
in length.
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 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 has been contracted to Globexplore
Drilling from
Hermosillo, 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 scientific and 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 Kootenay by
James McDonald
, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
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.
On Behalf of the Board of Directors of
KOOTENAY SILVER INC.
"James McDonald"
President & CEO
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.
CAUTIONARY NOTES:
The sampling results disclosed in this news release are not necessarily indicative and drilling is required to confirm a mineral
deposit.
The information in this news release has been prepared as at
March 2, 2021
.
This news release contains "forward-looking
information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 (collectively, "
forward-looking statements
"). All statements, other
than statements of historical fact, that address activities, events or developments that Kootenay Silver Inc. ("
Kootenay
" or the
"
Company
") believes, expects or anticipates will or may occur in the future including, without limitation, the anticipated exploration
program results from exploration activities, the discovery and delineation of mineral deposits and sampling results from the
Columba Project and other properties, the anticipated content, commencement, and cost of exploration programs in respect of the
Company's projects and mineral properties, the anticipated business plans and timing of future activities of the Company, future
capital expenditures (including the amount and nature thereof), business strategies and measures to implement strategies,
competitive strengths, goals, expansion and growth of the business and operations, plans and references to the future success of
the Company, and such other matters, are forward
–
looking statements. These forward-looking statements reflect the current
expectations or beliefs of the Company based on information currently available to Kootenay and often use words such as
"expects", "plans", "anticipates", "estimates", "believes", "intends", "potential", "may" or variations thereof or the negative of any of
these terms.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected consequences to, or effects on, Kootenay. Factors that could
cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company
to obtain sufficient financing to fund its business activities and plans, operating and technical difficulties in connection with mineral
exploration and development and mine development activities for Company's projects generally, actual results of exploration
activities (including the estimation or realization of mineral reserves and mineral resources), the timing and amount of estimated
future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability
of a sufficient supply of water and other materials, requirements for additional capital, future prices of gold and silver, changes in
general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible
variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents,
labour disputes and other risks of the mining industry, delays in obtaining governmental and regulatory approvals (including of the
TSX Venture Exchange), permits or financing or in the completion of development or construction activities, changes in laws,
regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on
insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to
joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under "Risk Factors"
in the Company's most recent annual management's discussion and analysis and other filings of the Company with the Canadian
Securities Administrators, copies of which can be found under the Company's profile on the SEDAR website at
www.sedar.com
.
Any forward-looking statement speaks only as of the date on which it was made, and except as may be required by applicable
securities laws, Kootenay disclaims any intent or obligation to update any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Although Kootenay believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to their inherent uncertainty. There can be no assurance that forward-looking statements
will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
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.
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SOURCE
Kootenay Silver Inc.
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%SEDAR: 00016508E
For further information:
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 03-MAR-21