Kootenay Reports Priority Targets on the Cervantes Porphyry Gold-Copper Project in Sonora, Mexico
Kootenay Reports Priority Targets on the
Cervantes Porphyry Gold-Copper Project in
Sonora, Mexico
VANCOUVER, BC
,
June 25, 2020
/CNW/ -
Kootenay Silver Inc.
(TSXV: KTN)
(the "Company" or
"Kootenay")
announces its partner on the
Cervantes
porphyry gold-copper property in
Sonora,
Mexico
(the "Project"), Aztec Minerals Corp. ("Aztec"), reports final interpretation of a 3-Dimensional
IP-Resistivity survey identifying multiple chargeability anomalies over a 5 kilometer (km) long
corridor. (
view IP chargeability map here
) on the Project..
Numerous IP anomalies are associated with the previously mapped and sampled porphyry corridor (
view geological map here
) that extends at least 5 km long and up to 2 km wide from the
California
zone southwest through the Jasper, Estrella,
Purisima East
and Purisima West targets.
Six porphyry prospects along the corridor exhibit strong porphyry alteration and gold (copper)
mineralization (
view geochemical map here
) within and adjacent to outcropping quartz-feldspar
porphyry intrusions and diatreme breccias. The Jacobo target not covered by this 3-D IP survey
may add an additional 2 km of length to the porphyry corridor to the southwest. Because the IP
anomalies are closely associated with the mapped porphyry style mineralization it is interpreted they
may reflect buried sulfides (potentially gold and copper bearing) typical of porphyry-type
mineralization.
The 3-D survey encompassed 23.1 line km to cover the Purisima West,
Purisima East
and Estrella
targets as well as an additional 4.5 line km of 2-D IP to tie into the 2-D IP survey conducted in 2016
(
view 2016 IP chargeability map here
). The benefit of 3-D IP surveys is to provide better definition of
the size and shape of conductive or resistive bodies at depth.
Full details issued by Aztec Minerals can be found at:
http://aztecminerals.com
. Aztec have fulfilled
their obligations under the earn-in option agreement and the parties are in the process of finalizing a
joint venture agreement for the Cervantes Project with Kootenay holding a 35% interest.
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.
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
June 24, 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 12:41e 25-JUN-20