Kootenay Intercepts 650 gpt Silver Over 7.45 Meters Within 159 gpt Silver Over 39.9 Meters at Columba Silver Project, Mexico - Drill Highlights Include Overall Strike Length of F Vein Increased to 700 Meters
Kootenay Intercepts 650 gpt Silver Over 7.45
Meters Within 159 gpt Silver Over 39.9 Meters
at Columba Silver Project, Mexico - Drill
Highlights Include Overall Strike Length of F
Vein Increased to 700 Meters
VANCOUVER
,
Jan. 8, 2020
/CNW/ -
Kootenay Silver Inc. (TSXV: KTN) (the "Company" or
"Kootenay")
is pleased to announce assay results from the last seven core drill holes competed
from its 2019 drill program at its Columba high-grade silver project (the "Property"), located in
Chihuahua State, Mexico.
Kootenay President and CEO
James McDonald
states, "We continue to be pleased with drill results
from Columba that now indicate significant strike extensions to the F vein and a potential new zone in
the B vein south of the old mine workings. Hole CDH-19-35 extends F vein mineralization
approximately 225 meters from high grade intercepts in holes CDH-19-11 and 12. High silver grades
have now been encountered in the F vein for over 700 meters of strike length and remains open to
depth and strike. Additionally, hole CDH-19-38 is also very positive as it intercepted 628 gpt silver
over 1.5 meters in the B vein; 650 meters from old mine workings."
Highlights of holes CDH-19-35 to CDH-19-041:
Hole CDH-19-035:
405 gpt silver over 2.28 meters
within a wider interval of
103 gpt silver over 11.35
meters in
a footwall vein to the F Vein
;
494 gpt silver over 1.35 meters in the F Vein
within
274 gpt silver over 3.0 meters
and 60
gpt silver over 23.0 meters;
547 gpt silver over 1.0 metre
within a wider interval of
114 gpt silver over 7.05 meters
in a
hydrothermal breccia in the E Vein.
Hole CDH-19-038:
628 gpt silver over 1.5 meters
within a wider interval of
301 gpt silver over 4.63 meters
and
175 gpt silver over 10.0 meters
in the B Vein. Quartz, quartz-barite veins and veinlet stock
work and silicified rhyolite.
The following are highlights of twinned holes to test triple tube drilling for achieving better recoveries.
Results showed a 1 to 9% increase in recovery across mineralized intervals. Within intervals grade
and widths with triple tube show both increases and decreases relative to better recoveries. More
holes are needed to determine the effect of recovery on grade and widths.
Hole CDH-19-040: Twin of CDH-19-005:
808 gpt silver over 0.88 metres
over a wider intercept of
194 gpt silver over 4.9 metres
intercepting banded quartz vein (F Vein).
Hole CDH-19-041: Twin of CDH-19-008:
650 gpt silver over 7.45 meters
within a wider interval of
159 gpt silver over 39.9 meters
intercepting banded quartz vein (F Vein);
Including:
919 gpt silver
over 1.15 meters
;
953 gpt silver over 1 meter; 527 gpt silver over
1 meter; 860 gpt silver over 1 meter and 715 gpt silver over 1.8 meters
.
Click the following links to view
:
Plan Map
and
Cross Sections for holes CDH-19-035 to 041
A follow up drill program is being designed based on the results of the 2019 drill program. Numerous
priority areas have been identified and additional structures remain untested all of which will be
addressed in the upcoming 2020 drill program. This program is expected to start in the next few
weeks toward the beginning of February and once the program has been reviewed and approved
details of number of holes and meters will be provided.
The 2019 drill program totaled 6,853 meters in 41 holes. Detailed results for all drill holes can be
viewed by clicking the following link:
Columba Drill Results
.
Detailed Drill Results – Holes CDH-19-35 to CDH-19-041
Hole ID
From
(meters)
To
(meters)
Interval
(meters)
Silver
gpt
Pb
%
Zn
%
Geologic Intersection
CDH-19-035
39
50.35
11.35
103
0.02
0.07
Quartz- Calcite Veinlet
Stockwork in Footwall of
F Vein
Includes
46
48.28
2.28
405
0.054
0.1
119
142
23
60
0.04
0.16
Includes
119
122
3
274
0.18
0.6
F Vein, Banded Quartz
Includes
120.65
122
1.35
494
0.327
1.14
179
186.05
7.05
114
0.04
0.08
Quartz Calcite Veinlet Stockwork
Includes
179
180
1
547
0.1
0.2
Hydrothermal Breccia
E Vein
181
182
1
134
0.05
0.06
CDH-19-036
No significant values
CDH-19-037
No significant values
CDH-19-038
161.51
165.53
4.02
65
0.03
0.05
Hydrothermal Breccia
Includes
164.7
165.53
0.83
198
0.104
0.09
Banded Quartz (F Vein?)
195.2
196
0.8
106
0.02
0.03
Quartz barite vein
244
254
10
175
0.03
0.12
B Vein
Quartz, Quartz-Barite
veins, veinlet stockwork
and silicified rhyolite
Includes
247.05
251.68
4.63
301
0.05
0.15
Includes
247.05
248.55
1.5
628
0.108
0.284
Includes
248.55
250.6
2.05
106
0.007
0.113
Includes
250.6
251.68
1.08
218
0.07
0.06
CDH-19-039
(twinned
CDH-19-003)
15.25
21.35
6.1
67
0.01
0.06
F Vein close to surface
CDH-19-040
(twinned
CDH-19-005)
21
25.9
4.9
194
0.07
0.19
F Vein
Banded Quartz
Includes
22.85
23.73
0.88
808
0.28
0.42
Includes
23.73
24.16
0.43
173
0.05
0.14
CDH-19-041
(twinned
CDH-19-008)
15
54.9
39.9
159
0.05
0.13
F Vein
Banded Quartz
Includes
42.85
50.3
7.45
650
0.23
0.26
Includes
42.85
44
1.15
919
0.361
0.092
Includes
44
45
1
953
0.337
0.373
Includes
45
46
1
527
0.163
0.213
Includes
46
47
1
860
0.242
0.417
Includes
47
48.8
1.8
715
0.302
0.259
All widths are drilled widths. At this time, it is estimated true widths will range from 60 to 80% of
drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded
to the nearest whole number.
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
James McDonald
, P.Geo,
President, CEO & Director for Kootenay, a Qualified Person.
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.
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 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
January 7, 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.
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 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.
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 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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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 08:30e 08-JAN-20