KTN.V · 2019-12-12 12:00:00

Kootenay Intercepts 721 gpt Silver Over 4 Meters within 415 gpt Silver Over 11.5 Meters on the E & J Veins at Columba Silver Project, Mexico

Drill Results

Kootenay Intercepts 721 gpt Silver Over 4

Meters within 415 gpt Silver Over 11.5 Meters

on the E & J Veins at Columba Silver Project,

Mexico

VANCOUVER

Dec. 12, 2019

/CNW/ -

Kootenay Silver Inc. (TSXV: KTN) (the "Company" or

"Kootenay")

is pleased to announce assay results from six core drill holes recently completed on

the E and J Veins at its Columba high-grade silver project (the "Property"), located in Chihuahua

State, Mexico.

Recent Highlights of the Continuing Drill Program:

Hole CDH-19-030:

982 gpt silver over 1.9 meters within an intercept of 721 gpt silver over

4 meters and 415 gpt silver over 11.5 meters.

This intercept is within a new type of

mineralization hosted within silicified breccias in close proximity to a distinct lithologic contact.

The overall interval averaged

200 gpt silver over 25.85 meters

intercepting quartz veinlets and

hydrothermal breccias across the J Vein structure.

Hole CDH-19-029: 67 gpt silver over 6.25 meters including 172 gpt silver over 2.09 meters

intercepting quartz veinlets in rhyolite and hydrothermal breccias across the J Vein structure;

Hole CDH-19-031:

314 gpt silver over 3.0 metres

including

776 gpt silver over 0.63 metres

in hydrothermal breccias and quartz veinlets across the E Vein structure. This intercept may be

the same breccia horizon as encountered in hole CDH-19-030. More drilling is required to

confirm the orientation and correlation of these breccias;

Hole CDH-19-033:

146 gpt silver over 9.57 meters

within

48 gpt silver over 59.8 meters

intercepting the E Vein comprised of fault zone, quartz veinlets, manganese calcite vein, and

brecciation across the E Vein structure); and

Hole CDH-19-034:

103 gpt silver over 6.63 meters

in the E Vein (quartz-barite vein with

banded textures) and

124 gpt silver over 1-meter

intercepting quartz veinlets in rhyolite and

hydrothermal breccias (along the E Vein Structure).

Click the following links to view

Plan Map

and

Cross Sections for holes 29 to 34

Kootenay President and CEO

James McDonald

states "The high-grade intercept in hole

CDH-19-030 represents an exciting new style of breccia and stockwork mineralization

identifying a new and potentially wide-spread target area. It is about 700 meters away from

the historically mined F Vein within a completely different vein. Similar breccia

mineralization was seen in CDH-19-031 about 200 meters away and may be the same mineral

zone. Determining if this is the case will be one of the priorities for the next phase of drilling

in the new year."

Detailed Drill Results and Expanded Discussion

Hole ID

From

(meters)

Interval

(meters)

Silver

gpt

Geologic Intersection

CDH-19-029

42.7

45.35

2.65

0.02

0.04

J Vein

114

166

0.01

0.04

Z Vein

Quartz veinlets in

Rhyolite and

Hydrothermal Breccias

Includes

128

136

0.02

0.05

Includes

130.21

132.3

2.09

172

0.05

0.1

Includes

164

166

104

0.02

0.06

CDH-19-030

67.1

8.9

0.02

0.11

J Vein

- Fractured Zone,

Quartz Barite vein

Includes

70.67

3.33

173

0.06

0.24

149.15

175

25.85

200

0.03

0.15

Z Vein

Quartz veinlets in

Rhyolite and

Hydrothermal Breccias

Includes

150.5

161.65

11.15

415

0.07

0.26

Includes

154

158.07

4.07

721

0.08

0.33

Includes

154

160.1

6.1

573

0.07

0.3

Includes

156.17

158.07

1.9

982

0.08

0.4

CDH-19-031

223

226

314

0.2

0.28

M? vein

- Quartz veinlets

in Rhyolite and

Hydrothermal Breccias

Includes

224.15

224.78

0.63

776

0.41

0.32

CDH-19-032

165

175

0.27

0.6

E vein -

Brecciated

rhyolite with stockwork of

Quartz and Barite

238.85

289

50.15

0.02

0.07

Quartz veinlets in

Rhyolite and

Hydrothermal Breccias

CDH-19-033

105.2

165

59.8

0.03

0.13

E vein -

Fault zone,

manganese calcite vein,

and rhyolite fragments

Includes

150.95

160.52

9.57

146

0.27

CDH-19-034

38.15

15.85

0.02

0.05

Oxidized rhyolite with

phenocrystals and quartz

stockworks

Includes

41.2

47.83

6.63

103

0.04

E vein -

Quartz-barite

vein with banded textures

107

130.21

23.21

0.16

0.03

Quartz veinlets in

Rhyolite and

Hydrothermal Breccias

Includes

117

118

124

0.04

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.

Expanded Drilling Discussion

CDH-19-029 and 19-034

: These holes targeted the J and E vein structures along with numerous

other smaller veins and splays. This area in general is characterized by wide zones of quartz veinlet

stock working, brecciation and strong oxidation and argillic alteration. The area has the character of

the upper parts of the epithermal system which if correct indicates stronger grades maybe

encountered at depth (

click see figure of epithermal model

). This zonation can be seen already as

silver grades increase from a 5 to 9 gpt range at surface to a 26 to 180 gpt range with a depth

increase of 50 to 75 meters. Silver grade increases again from a 26 to 176 gpt silver range in hole

CDH-19-029 to 200 to 980 gpt in hole CDH-19-030. Brecciation in hole CDH-19-030 shows very

good grade potential in a new style of mineralization from the formal veins mined historically. The

trend opens up greater potential for new discoveries while follow up drilling is required to determine

the extent and continuity of mineralization.

Drilling has concluded for the year with 41 holes completed for a total of 6,853 meters of drilling.

Further results will be complied and released once received and interpreted. Detailed results of the

34 holes drilled to date can be viewed by clicking the following link:

Columba Drill Results

The Company is in the process of planning its 2020 drill programs at the Columba and Copalito

projects and will update with details.

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

December 11, 2019

. 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.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/December2019/12/c7030.html

%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 08:30e 12-DEC-19

← Back to feed