Kootenay Resumes Drilling at Columba High- Grade Silver Project, Mexico
Kootenay Resumes Drilling at Columba High-
Grade Silver Project, Mexico
VANCOUVER, BC
,
June 9, 2020
/CNW/ -
Kootenay Silver Inc.
(TSXV: KTN)
(the "Company or
"Kootenay")
is pleased to announce the recommencement of drilling at its Columba high-grade
silver project (the "Property) following the temporary COVID-19 related work stoppage. The drilling
is the continuation of the 7,000-meter Phase-II program (the "Program") started in
February 2020
prior to the cessation of operations due to health restrictions imposed by the Government of
Mexico
.
The initial holes of the remaining 5,200 meters will focus on expanding the F-vein by following-up on
positive results from the first 10 holes of the Program (see KTN news releases dated,
May 19
th
and
26
th
, 2020). These include the following high-grade silver intercepts:
CDH-20-049
2,010 gpt silver over 1.0 meter within 762 gpt silver over 2.8 meters
in the F-vein.
CDH-20-051
865 gpt silver over 2.0 meters
within
317 gpt silver over 6.0 meters
in the Hanging-wall
structure.
CDH-20-046
911 gpt silver over 1.4 meters
within
553 gpt silver over 2.9 meters
in the F-vein.
CDH-20-047
782 gpt silver over 1.05 meters
within
400 gpt silver over 4.97 meters
in the F-vein.
Additionally, the Program will test high-grade intercepts discovered in other veins drilled in the 2019
Phase-I program. Intercepts included:
CDH-20-030
982 gpt silver over 1.9 meters
and
415 gpt silver over 11.15 meters
within the Z-vein.
CDH-20-031
776 gpt over 0.63 meters
within
314 gpt over 3.0 meters
in the M-vein.
CDH-20-038
628 gpt silver over 1.5 meters
within
301 gpt silver over 4.63 meters
in the B-vein.
Beyond augmenting previously drilled areas the Program will investigate untouched veins mapped
out by Kootenay's geological team. Work will begin with a single drill in operation. The Company will
remain vigilant to any changes that may arise due to the ongoing COVID-19 pandemic working in
compliance with Mexican Authorities to keep employees and the community safe.
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
.
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
June 8, 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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/June2020/09/c7051.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 09-JUN-20