Kootenay Reports Sampling Results at High- Grade Columba Silver Project, Mexico Highlights Include 360 gpt Silver over 1.80 Meters within 275.97 gpt over 3.5 Meters
Kootenay Reports Sampling Results at High-
Grade Columba Silver Project, Mexico
Highlights Include 360 gpt Silver over 1.80 Meters within 275.97 gpt over 3.5 Meters
VANCOUVER
,
Jan. 8, 2019
/CNW/ -
Kootenay Silver Inc. (TSXV: KTN) (the "Company" or
"Kootenay")
is pleased to announce that additional assay results from outcropping quartz veins
continue to support the potential for the discovery of a high-grade silver deposit at the Company's
newly acquired Columba silver project ("Columba" or "Property") located in Chihuahua State,
Mexico.
Columba hosts a former producing high-grade silver mine that covers a classic high-grade silver
epithermal system comprised of numerous veins. The Property has never been systematically
explored during modern times. Initial exploration by the Company traced mineralized veins on
surface over strike lengths of 200 meters to up to 2 kilometers, while sampling returned widths of
0.5 to 6 meters with grades of up to 692 grams per tonne ("gpt") silver (refer to the
Company's news release dated
November 19, 2018
).
Exploration work at Columba is continuing prior to the commencement of drilling which is anticipated
to begin in Q1 2019. The strategy of the upcoming drill program will focus on confirming high grades
reported from historic underground sampling and production data.
Results of the most recent mapping and sampling completed at Columba returned anomalous silver
values consistent to those previously reported on the Property. The follow up program comprised of
79 individual samples (50 channel and 29 grab) taken from 8 of the 10 veins identified on surface,
with all but three (3) samples returning anomalous silver values. Highlights include 33 samples,
between lengths of 0.70 and 2.0 meters, returning silver values ranging between 30 gpt to 397 gpt
and 55 samples returning grades >10 gpt. See table below showing results >10 gpt.
Click link to view a map of the sampling
.
In addition to the individual sample results, adjacent channel samples taken along continuous
segments of the veins were assembled to create cross sections to establish overall widths and
grades of the outcropping mineralization at surface. Highlights of these contiguous channel samples
include individual cross sections returning 4.9 meters of 198.37 gpt silver, 3.5 meters of 275.97 gpt
silver and 2.2 meters of 330 gpt silver.
Click link to view cross sections
.
These results are consistent with the previously announced results from earlier work reported by the
Company and support the observation that grades, vein continuity and vein widths improve as one
moves into lower elevations, being deeper into the system. This observation is also seen in historic
underground mining data that indicate grades continue to increase with depth as reported in the
Company's news release dated
November 19, 2018
. (Please note historic data has not been verified
and thus cannot be relied upon for accuracy.)
Kootenay's next steps at Columba are additional mapping and surface sampling to prioritize drill
targets and obtain drill permits. Details from subsequent work will be reported once the Company
receives and compiles the results.
Sampling Results
Vein
Sample
Type
Width
Silver
gpt
Lead
ppm
Zinc
ppm
"I"
Channel
0.70
397
520
420
"I"
Channel
1.80
360
1290
1740
"D"
Channel
1.60
312
600
1100
"F"
Grab
N/A
305
1630
5380
"D"
Channel
1.80
216
1690
1650
"F"
Channel
0.90
201
340
910
"I"
Channel
1.70
187
660
440
"F"
Channel
0.90
143
260
620
"A"
Channel
1.70
140
220
90
"D"
Channel
1.20
137
790
820
"D"
Channel
1.20
109
210
490
"F"
Channel
0.90
98
400
680
"F"
Channel
1.45
92
500
1150
"J"
Channel
1.30
91
250
280
"F"
Channel
0.80
78
150
360
"A"
Channel
2.00
77
100
110
"I"
Grab
N/A
75
180
50
"F"
Channel
0.90
75
270
400
"A"
Channel
1.60
68
140
110
"E"
Channel
1.30
67
70
60
"E"
Channel
1.30
66
90
100
"J"
Grab
N/A
64
110
160
"E"
Grab
N/A
62
190
60
"D"
Channel
1.50
56
200
1180
"A"
Channel
1.70
49
40
380
"E"
Grab
N/A
48
80
60
"E"
Grab
N/A
48
180
140
"F"
Channel
1.20
48
270
810
Grab
N/A
47
100
30
"E"
Channel
0.90
47
170
80
"E"
Channel
0.80
35
200
100
"F"
Channel
1.50
34
80
120
"F"
Channel
1.45
30
120
510
"F"
Channel
1.50
29
200
270
"J"
Grab
N/A
28
90
80
"F"
Channel
1.50
27
190
330
Channel
1.00
26
120
230
"J"&"E"
Grab
N/A
26
90
130
"E"
Grab
N/A
25
230
70
"J"
Grab
N/A
24
60
110
"F"
Channel
1.00
23
100
70
"J"
Channel
0.80
22
70
180
"E"
Channel
0.60
21
40
40
"D"
Channel
1.45
20
120
190
"E"
Grab
N/A
18
20
70
"E"&"D"
Channel
1.60
18
150
80
"E"
Grab
N/A
16
20
20
"J"
Grab
N/A
15
-20
60
"F"
Channel
2.20
15
40
80
"E"&"D"
Channel
3.90
15
60
90
"F"
Channel
1.60
14
60
130
"E"
Grab
N/A
13
trace
60
"F"
Channel
1.00
13
120
420
Grab
N/A
12
30
60
Grab
N/A
10
110
180
Sampling and QA/QC
Surface samples reported herein are a combination of grab chipped channel. 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 under the direction of qualified
geologists. Samples are then labeled placed in plastic bags, sealed and with interval, location and
sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in
Chihuahua City. 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.
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 NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at
January 7, 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.
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 08:15e 08-JAN-19